BetPhoenix Bank Wire Payouts for US Customers

[penguin]

Good news since there seems to have been a lot of confusion about this recently....BetPhoenix does indeed still offer bank wire for payouts for US customers -- but only if you are a Chase, Wells Fargo, or Bank of America customer. Lucky for me, I am.

I have never used a bank transfer payout with them before -- does anyone have any success stories and average length of time to receive funds? Does anyone know if you can submit your banking information well in advance to speed up the process when requesting a payout?

I tried scanning old payout reports and I saw a few people who got them in about 7 days. Anyone else?

[RickySteve]

Those aren't wires, they are ACH transfers aka electronic checks aka direct deposit. You're basically saving them the cost of processing a paper check and they're charging you the same amount with the same limit. No thanks.

[RickySteve]

BTW, they have no excuse for not offering bank wire withdrawals. It leads one to believe they lack necessary funds.

[5050]

Isn't it more prone to an audit with bank wire as their is a clear paper trail.

[Thremp]

There is a clear paper trail with everything sans a guy handing you a pile of greenbacks.

[tltaylor89]

Richard needs to come in here and clear it up

[tblues2005]

I agree Richard does need to let us know why only these certain banks for?

[penguin]

That's interesting...I was wondering why they called it direct deposit. Theoretically, shouldn't that be an even quicker transaction than setting up a bank wire?

[MBENZ]

Who picks up the incoming wire fee?I know wires coming into US from Canada have a $15 fee charged by the bank,is this included in what they charge to withdrawal?