For "big bank" users, depositing a Chexx check at the ATM/deposit dropoff is probably the best way to go. No tellers to prevent you from depositing and the entire process entails much less discretion on the bank's part once the check has been accepted by the machine. Last deposit only took about 2 days to clear (and the entire process only took 6 days from the day I requested a check on Stars to the day the check cleared - not that bad at all).
Given that this is an established company with multiple vertical markets, don't you think that they are going to do a careful pull-out? Don't you think they'll inform their customers (the poker sites) when the end date is? Don't you think they'll honor all checks issued before said pull-out?
If one had applied this same logic to Neteller, theyd be stuck with frozen funds at the moment. I'm not saying you're wrong, I'm just saying that there is no way you can't associate today's environment with a higher risk level than even one month ago.
Of course, everyone's risk tolerance is different.
Neteller didn't actually have substantial non-gambling activity; what they did have smelled of merely a showboat of we're not all gambling, See!. If Chexx is handling rebates, they probably have a substantial business.
Neteller payments weren't issued as drafts from a US Bank. Once the check is issued to you from Chexx, you have legal US bank draft, governed by US banking laws. The seized Neteller funds aren't actually in a US Bank, and therefore, my educated guess that there are less stringent requirements under seizure rules. If Neteller funds actually resided in a US bank, I'm sure things would have worked out a bit differently.
There was some period of time from the arrests to the seizure, as I
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--Alceste
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Given that this is an established company with multiple vertical markets, don't you think that they are going to do a careful pull-out? Don't you think they'll inform their customers (the poker sites) when the end date is? Don't you think they'll honor all checks issued before said pull-out?
If one had applied this same logic to Neteller, theyd be stuck with frozen funds at the moment. I'm not saying you're wrong, I'm just saying that there is no way you can't associate today's environment with a higher risk level than even one month ago.
Of course, everyone's risk tolerance is different.
Reply
A few points on this:
they did have smelled of merely a showboat of we're not all
gambling, See!. If Chexx is handling rebates, they probably
have a substantial business.
check is issued to you from Chexx, you have legal US bank draft,
governed by US banking laws. The seized Neteller funds aren't
actually in a US Bank, and therefore, my educated guess that there
are less stringent requirements under seizure rules. If Neteller
funds actually resided in a US bank, I'm sure things would have
worked out a bit differently.
Reply
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