does anyone know if this will affect banks cashing our checks from our sportsbook's payment processors.. i have 5 figures spread out though several books and i'm worried about requesting checks in fear that the banks might not cash them..
No, it won't matter one bit.
Haven't you cashed any checks from books before? Does it indicate anything on them that would suggest they are gambling related? No, there is difference between those checks and the ones someone else gives you or me.[/Q]
cashed plenty before, but this new law is worrisome especially when dealing with large amounts of money.. i'd hate to go and try to cash a $10,000 check only to get told they can't cash it because of the UIGEA.. Thanks for ur help though, hope ur right..
It is not illegal for you to cash or send money.
The banks are not allowed to send money to or from an illegal gambling place if THEY KNOW. The key is they don't have to do anything special if they do not KNOW.
BTW, I could not post on this board while in France - not sure why I was blocked, but mods might want to check on if people can log in when outside the US