Withdrawing larger amounts from Sportsbook.com?

[Sizz]

Hey all:

Curious if anyone has had any experience in withdrawing larger amounts from Sportsbook.com. I've gone through the nightmare of checks from them bouncing in the past (but, they did finally pay), and wondering if things have improved...

Basically, I've got close to 25K in my account that I'm ready to cash out on. Anyone have any experience with wire transfer in larger amounts? I'm sure anything over 10K will trigger some kind of red flag (not sure how, where or with whom), so it probably should be under that amount, correct?

Any ideas? Wire transfer or Use My Wallet? How long have wire transfers typically taken for everyone?

Thanks.

 

[wilheim]

Wire transfer.



wil.

 

[Sizz]

wow, u got 25k?! i would do wire transfer to be safe..... havnt tried it myself, the most i cashed out was 4k via check.... no problems wutsover with it... but keep us posted to whether u got the money ok or not..im curious since its such a huge amount...good job on killing the books!

Ha...thanks. Well, considering I started with 20K last year, it wasn't that huge a killing, but you'll never hear me complain

Hey Wil, thanks for the feedback. FYI, wire transfer did work great - hit my bank in about a week. No issues....

 

[KingofNicotine]

Congrats. I heard they give you problems when cashing out such large amounts.

 

[Redagger029]

Ha...thanks. Well, considering I started with 20K last year, it wasn't that huge a killing, but you'll never hear me complain

Hey Wil, thanks for the feedback. FYI, wire transfer did work great - hit my bank in about a week. No issues....

I am concerned about the "hit my bank" part. Dumping 25k into the bank sometimes gets you noticed by the IRS.

 

[Redagger029]

I don't think the IRS is that gullible.

 

[immauser]

I am concerned about the "hit my bank" part. Dumping 25k into the bank sometimes gets you noticed by the IRS.

I would just split the payouts up..wait a month for each free payout and that would be okay.

 

[Redagger029]

Banks are required to notify the government of deposits of $10,000 or greater.

 

[immauser]

how about under 10k then...i mean the money in there is yours regardless unless u bet them away..so u can split it up within 4months to make it less obvious and under 10k ...$9999

 

[miamiboy86]

how about under 10k then...i mean the money in there is yours regardless unless u bet them away..so u can split it up within 4months to make it less obvious and under 10k ...$9999

Banks notice transfers like that....you would be best to take out 8k, then 6k, then 8k, over a couple of weeks, and then nobody is the wiser...you may get hit with extra fees, but it's a lot better than the hassle that comes with getting caught by the banks


:toast:

 

[Redagger029]

Banks notice transfers like that....you would be best to take out 8k, then 6k, then 8k, over a couple of weeks, and then nobody is the wiser...you may get hit with extra fees, but it's a lot better than the hassle that comes with getting caught by the banks


:toast:

Agreed!! Pay the fees and take your time bringing it across. Blend in with everyone else.