The Pig>>>>>

[lookinforaction]

Which would be faster to receive funds?

Check or Bank Wire??

Any issues with either recently?

Thanks for helping a rookie.

[JRS21386]

Bank Wire's are immediate funding to account, and don't require a hold like a check would in most cases

[bigboydan]

Takes roughly about the same time frame (3-4 days) for either these days at ThePig sir.

[lookinforaction]

Appreciate the help...i see they have a 3K limit on checks...anyone know if it's the same for a bank wire.....hypothetically speaking...could you get 2 checks in one day for a total of 5K or a bank wire for 5K??

Kinda new to this so please excuse my ignorance.

Bank wire of 5K wouldn't be a red flag correct??

[JRS21386]

Anything 10k+ is a red flag, i used to work at a bank...

[bigboydan]

Bank wire transfers are up to $10,000 per day (no limit on how many transactions per day). Just make sure it's under $9,999 and I wouldn't think you would have any issues sir.

[JRS21386]

Keep in mind that $9,999 is still a red flag because the bank's know exactly what you are trying to do, and banks are required to report any "suspicious" activity to the IRS

[lookinforaction]

Bank wire transfers are up to $10,000 per day (no limit on how many transactions per day). Just make sure it's under $9,999 and I wouldn't think you would have any issues sir.

Won't be anywhere near 9K so think I will be ok.....

Curious to see what the timing is for THEPIG......

Appreciate all the input

[lookinforaction]

Test

[_Stat_]

Bank wire transfers are up to $10,000 per day (no limit on how many transactions per day). Just make sure it's under $9,999 and I wouldn't think you would have any issues sir.

This is actually a crime, its called "structuring." Whatever you are doing, don't structure as it only compounds suspicion and legal complications.

Google it for more in depth analysis.

[big joe 1212]

I have taken Fed Ex checks a few times with the Pig. You get 1 free per month and I usually get them the next day or day after! (Call before 11am)

[laxdjock]

Bank wire transfers are up to $10,000 per day (no limit on how many transactions per day). Just make sure it's under $9,999 and I wouldn't think you would have any issues sir.

Banks have software that looks for these things. For example, people try and stagger checks (Check #1: 7,203 + Check #2: 2,797 = $10,000), so it is best to do smaller amounts that don't equal $10k. For the majority of casual gamblers, it really shouldn't be an issue, though for high $ people....they may need to be a bit more creative. I've never moved more then a few thousand at a time, so I'll defer to others for that.

[rcracer]

thats intresting, just deposited a series of 3k checks from 5dimes, totalling 12k
3k checks, four days straight, hopefully nothing happens

[Spoon]

@ rcracer:

I don’t want to make you nervous, but here is a bit of information you should know for future reference. “Stat” is absolutely correct when he mentioned that structuring is a crime. Although you were not intentionally structuring, it could be interpreted that way by your financial institution because you made exact amount deposits in 4 consecutive days which total $12K. According to the BSA, multiple currency transactions must be treated by all financial institutions as a single transaction if they have knowledge that they are conducted by the same individual and involve more than $10K. Financial institutions are required to fill out a CRT form for transactions involving $10K or more regardless if they are multiple checks. This is not a manual process unfortunately, the system actually automatically creates a CRTform electronically and sends it off to you know who. This is to prevent money laundering of course.

GL