Question Re: banking & e-checks

[zeeman]

Why does it take so long for offshore books to receive e-check confirmation of clearance. Monies cleared checking account 2 weeks ago, but offshore book says they still havn't received the money. Why does this process take so long. Bank looked into it, provided transaction # and confirmation # from offshore's processor indicating monies were received Feb 11th, but now a week later payee claims they still haven't received the money. What a headache! Is this a run around or does it truly take this long.

 

[bigtendominator]

Don't know if it really takes that long, but I know that they tell you up front, so not a run around.

I do think they do it because over 3 weeks someone is more likely to lose the e-check amount, where over a weekend you can turn into a nice profit, but can't cash it.

 

[Doug]

just the way it is now, count on 3-4 weeks to clear that $300 e-check, lucky to even have it, these days, IMO !

It should clear faster, I'll agree.

I hate going to MG, CC's companies call me if I make deposits....suspicious activity.

Certain A-hole books charge for transfers.

Neteller was essential !

Offshore has gone to SHIT, and books aren't working with each other.

 

[Doug]

Don't know if it really takes that long, but I know that they tell you up front, so not a run around.

I do think they do it because over 3 weeks someone is more likely to lose the e-check amount, where over a weekend you can turn into a nice profit, but can't cash it.

You can't even re-deposit until that first one clears.

 

[zeeman]

Don't know if it really takes that long, but I know that they tell you up front, so not a run around.

I do think they do it because over 3 weeks someone is more likely to lose the e-check amount, where over a weekend you can turn into a nice profit, but can't cash it.

I totally agree with you. The confirmation process could be faster, but they figure the longer account holder has to wait the better chance of losing any winnings back.

 

[ProPokerPlayer]

What i think happens is these books are hiding from the processors exactly what they are doing..maybe hiding is a bad word but trying to stay off their radar at least. I would almost bet that they dont know if your deposit clears until they see it on a statement, i doubt seriously they are calling them everyday asking about deps A,B and C....