Originally Posted by
wwlandman1
Granted, it does not say what, if any, limit there is on the bank wires. Perhaps there's not one I don't know but I believe you have to jump through quite a few hoops just to set everything up for a wire. Additionally, to BewareOf5Dimes...if you withdrew between 12 & 15K via that method, and it was all in one request, guess what? The bank has to report any deposit over $9,999.99 to any depositor's account directly to the IRS. This is something I learned during my time as a casino floor supervisor over table games with Boyd Gaming Corporation. So, I hope you didn't do that or else it's the IRS who is going to have the last laugh.....assuming you are a U.S. citizen that is. So, that leaves Moneybookers and Netteller......two options not available to U.S. customers. The rest of the options all have payout restrictions of $3,000 or less and you can only request a payout 1x per 7 consecutive days (week). Also, you may want to keep in mind that while the banks are only required to report deposits of over $9,999.99, they are free to report anything they want if they suspect or detect anything they see as suspicious. Those reasons alone are enough for me to not want to use that method, even if there is no limit. The best possible option for the customer is ** where you simply get the cash in hand....but it is limited to $2500. I'm telling you right now that if you are a U.S. citizen you are definitely taking on an increased risk if you use any method that deposits directly into your checking account. Not just because of the reporting issues but God forbid if you should get audited. So, you see, basically if you are attempting to be safe and protect yourself, and you are vigilant in that effort, then really you'd be limited to $2500 per week. So far, I have requested payouts using the ******* method because it was free up until this point and I was requesting anywhere from $2500 to the $3000 max. The frequencies and the amounts should be such that it would not attract any unwanted attention from the bank. However, I am rethinking this position because as I said, based on what I know, it's still just too risky. If you get cash from ** or **.....you can take that and put it in a safe deposit box or a number of other things which are non reportable assets.