1. 09-21-13 07:33 PM #1
    easyliving
    easyliving's Avatar Become A Pro!
    Join Date: 06-25-12
    Posts: 8,876
    Betpoints: 11

    questions about Wire transfer payouts

    Will be making my first wire withdrawal and need some help. Exactly how does this process work? If that much money suddenly appears in my account will the bank not get suspicious and question me about the whereabouts of the cash? I will be withdrawing the money as soon as it clears as I do not want to keep such a large balance. If I want to make a 10k withdrawal every month can I do so without any troubles? Also If I had a good month and make a 50k withdrawal can I? Any steps I should take to make sure it works out smoothly?

    And finally yes I will be paying the taxes on my winings.
    Last edited by easyliving; 09-21-13 at 08:16 PM.
    Reply With Quote Reply With Quote
  2. 09-21-13 08:13 PM #2
    bettingstation
    bettingstation's Avatar Become A Pro!
    Join Date: 03-25-13
    Posts: 1,084
    Betpoints: 1201

    wow, that a lot, just a suggestion, you can make 1k withdrawal...
    Reply With Quote Reply With Quote
  3. 09-25-13 01:19 PM #3
    Shifty
    Shifty's Avatar Become A Pro!
    Join Date: 08-10-08
    Posts: 547
    Betpoints: 7997

    I've received dozens of wire transfers over the years. Nothing to worry about. Never been questioned by the banks. 50K is not a problem.
    Reply With Quote Reply With Quote
  4. 09-25-13 04:55 PM #4
    wilson1
    wilson1's Avatar Become A Pro!
    Join Date: 05-01-12
    Posts: 205
    Betpoints: 390

    no problems for me .. just know this

    sometimes it takes two days and sometimes 2 weeks
    Reply With Quote Reply With Quote
  5. 06-08-14 10:53 PM #5
    easyliving
    easyliving's Avatar Become A Pro!
    Join Date: 06-25-12
    Posts: 8,876
    Betpoints: 11

    gonna bump this thread, how often can I receive a 5 digit wire transfer without being questioned. Is once a month fine or should I wait longer in between and wire larger amounts?
    Reply With Quote Reply With Quote
  6. 06-08-14 11:15 PM #6
    JamesBrown
    JamesBrown's Avatar Become A Pro!
    Join Date: 04-07-08
    Posts: 3,860
    Betpoints: 312

    Once a month is fine. I requested one today. Let's see who's takes longer.
    Last edited by shari91; 06-09-14 at 05:44 AM.
    Reply With Quote Reply With Quote
  7. 06-09-14 05:37 AM #7
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    I think once a month as a good suggestion by many posters here
    Reply With Quote Reply With Quote
Top
« Previous Thread | Sportsbooks & The Industry | Next Thread »