Cashier's Check via FedEx

[Chugs]

Do any of you guys use this method to deposit money? Are there any pitfalls of using this method?

And where do you go to get a Cashier's Check, and does it cost anything?

[DukeJohn]

Do any of you guys use this method to deposit money? Are there any pitfalls of using this method?

And where do you go to get a Cashier's Check, and does it cost anything?

Slow method of deposit. You have to wait for the check to get there and then wait until it clears, better off choosing a different method.

BoL,

[Chugs]

Well the way I understand it is that when they receive the check your account gets funded, but you just cant cash out until the check clears.

[Chugs]

How about GP, any of you guys use that? Is it legit?

[Rapscallion]

GP is good, but extremely inconvenient for some, ie., Effective May 1st

GP will no longer process deposits and withdrawals for **, **, Xoom and credit cards on Saturdays.

But when your options are limited, I guess it will have to do. For players like me that are on the west coast, it's a headache. Also, if only being able to get $2,500 at a time is not a problem for you.....go for it.

[Chugs]

So you can fund your GP account with a debit card?

[Rapscallion]

So you can fund your GP account with a debit card?

Yes but the caveat is...........You can't make an initial deposit to matchbook if you use a credit/debit card to fund the GP account . All other shops that accept GP seem to be ok though.

[Sean81]

You can get a cashiers check from the bank at which you want to make a withdrawal. You just fill out a form stating who you are sending it to with amount and the teller will cut you a check there. The fee should be something like $5-$10. It is my understanding that a cashiers check is one the best ways to move a large amount of money to a book.

[mrd694]

[Chugs]

You can get a cashiers check from the bank at which you want to make a withdrawal. You just fill out a form stating who you are sending it to with amount and the teller will cut you a check there. The fee should be something like $5-$10. It is my understanding that a cashiers check is one the best ways to move a large amount of money to a book.

But if I have to tell them who I am sending it to and I say Player's Paradise will they ask me questions?

And can I use my own regular envelope when I drop it off or do they have FedEx envelopes at the drop off locations?

[Chugs]

Yes but the caveat is...........You can't make an initial deposit to matchbook if you use a credit/debit card to fund the GP account . All other shops that accept GP seem to be ok though.

Well I plan on depositing with BetJamaica, so maybe ill give GP a try.

[Sean81]

It is doubtful they will ask you questions but if they do you can always just leave. They might say something like "players paradise, what is that?" out of curiosity but not really inquiring.

As far as sending FedEx, I believe the books are providing a service by allowing you to get your money to them quicker and also reimbursing you for shipping fees. I imagine you could send the check via regular mail and it would just take longer to get there.

Typically, There are not FedEx envelopes located at individual drop boxes. The easiest way would be to print of your label on FedEx.com then drop by a kinko's or shipping center to ship. I would recommend using a 2-3 day delivery method as this will be much more cost effective (although you will be reimbursed anyway).

If you are depositing $2K there are better ways to deposit as Rapscallion was saying.

[BrigadierPudding]

You might want to look into bank wire.

[RickySteve]

You might want to look into bank wire.

Slower, more of a hassle and far more suspicious, good advice.

[DIF]

If pinnacle got +114 in odds, matchbook often gives +128 or simular. And this happened all the time.

Im rather sure matchbooks lines is to good to be true and thats another reason stay away from them. They pay all the time.

And exchange? yes probably but matchbook themselfs gambles against pinnacles market all the time. They have money in from own pockets (in their volymes)

[DIF]

another reason; their livechat was always open 24/ 7 1 years ago.

from now; its Not

just check it.

[RickySteve]

Matchbook is very well run and would never take dangerous risks.

[capitalist pig]

Well I plan on depositing with BetJamaica, so maybe ill give GP a try.

Call them, there are other options.

later

[Igetp2s]

Almost all books will pick up the Fedex fees. You should be able to have money in your account within 2-3 business days, same as a wire.

[chilidog]

Slower, more of a hassle and far more suspicious, good advice.

This is so unbelievably wrong.

Bank wires are incredibly fast - a bank wire sent from the states to almost anywhere in the world should be at the corresponding bank within a few hours, but sometimes it can take up to 24 hours to show up. I have never had a book take more than 2 days to credit a bank wire.

And how is a bank wire far more suspicious? I send bank wires online through online banking. Bank wires are done all the freakin time - it's the single-handed best way to send large sums of money... period.

[DukeJohn]

Call them, there are other options.

later

This is the best advice I have seen. Like I mentioned before cashier checks are a slow deposit method, but if you have the time. I have only used a cashier check for depositing once and that was a few years ago at the Greek. I had to wait for it to arrive and then wait for it to clear. Maybe somethings have changed, but you should be able to find a method that will allow you do it all in the same day. Just call them.

BoL,

[RickySteve]

elohel, wires taking 24 hours. You'll be lucky to have it within 5 business days, including the two it will take calling CS to have them follow up with their bank. Fedex or UPS are often next-day and at most 2 days. Any book worth a damn will credit a cashier's check immediately.

Checks can be issued by any teller in about 2 minutes, no questions asked except to whom and how much. Wires need account managers trained to report suspicious activity to fill out all the forms and process. In the meantime you're sitting there chit-chatting and he maybe asks what you're up to, casually or not-so-casually, and you have some lame story that is pretty obviously a lie and he makes a little mental note to file an SAR. Regular people get cashier's checks all the time for regular reasons. Regular people do not send four-figure+ international wires to developing countries.

[heyman]

Checks can be issued by any teller in about 2 minutes, no questions asked except to whom and how much. Wires need account managers trained to report suspicious activity to fill out all the forms and process. In the meantime you're sitting there chit-chatting and he maybe asks what you're up to, casually or not-so-casually, and you have some lame story that is pretty obviously a lie and he makes a little mental note to file an SAR. Regular people get cashier's checks all the time for regular reasons. Regular people do not send four-figure+ international wires to developing countries.

You don't know what you're talking about.

Online wire. They are done all the time - it's how business works in a modern global economy.

[chilidog]

elohel, wires taking 24 hours. You'll be lucky to have it within 5 business days, including the two it will take calling CS to have them follow up with their bank. Fedex or UPS are often next-day and at most 2 days. Any book worth a damn will credit a cashier's check immediately.

Checks can be issued by any teller in about 2 minutes, no questions asked except to whom and how much. Wires need account managers trained to report suspicious activity to fill out all the forms and process. In the meantime you're sitting there chit-chatting and he maybe asks what you're up to, casually or not-so-casually, and you have some lame story that is pretty obviously a lie and he makes a little mental note to file an SAR. Regular people get cashier's checks all the time for regular reasons. Regular people do not send four-figure+ international wires to developing countries.

Again, you have no clue what you're talking about. It's apparent that you rarely send/receive wire transfers. As heyman said, that is how business is done. I don't know what piece of shit books that you use that make you wait 5 days, but The Greek has never made me wait more than 2 business days.

Wire transfers don't need account manager approval. I don't know what kind of podunk bank that you're banking with, that still requires you to go down to the branch and fill out paperwork. I do mine entirely 100% online, through online banking, with the largest bank in the USA. It's easy. And yah, when a person sends me a wire transfer, regardless of where they are in the world, as long as it arrives at my bank before the daily cutoff time, I am credited that amount the same day. Usually takes 2-4 hours. Exact same when I am sending wires. I know that books have received my wire at least a day before they credit it to me. Who knows why they make you wait 2 business days?

Even in the old days, before wire transfer capability was added to online banking, I have never had anybody ask me any details on sending a wire. Seriously, do you pull this crap out of your ass? I send/receive wires about 3 times a week with my business. I'm pretty sure that I know what I'm talking about.

[poochiecollins]

I'm looking at Legends deposit methods, and the only one that looks like it'd apply to me is cashier's checks and maybe "money transfer." What can I do with those as an American?

[durito]

This is so unbelievably wrong.

Bank wires are incredibly fast - a bank wire sent from the states to almost anywhere in the world should be at the corresponding bank within a few hours, but sometimes it can take up to 24 hours to show up. I have never had a book take more than 2 days to credit a bank wire.

And how is a bank wire far more suspicious? I send bank wires online through online banking. Bank wires are done all the freakin time - it's the single-handed best way to send large sums of money... period.

I almost never see wires credited in 2 days. 5 is more likely (or 4 months if you are sending to BetPhoenix).

You don't know what you're talking about.

Online wire. They are done all the time - it's how business works in a modern global economy.

Most gringos aren't sending many bank wires to central american banks out of their personal accounts.

[michael777]

(or 4 months if you are sending to BetPhoenix).

[RickySteve]

HU4ROLLZ on which of us has sent+received more wires to offshore sports books?

Also huge elohel at you thinking Citibank is a safe institution to be doing gambling transactions.

Again, you have no clue what you're talking about. It's apparent that you rarely send/receive wire transfers. As heyman said, that is how business is done. I don't know what piece of shit books that you use that make you wait 5 days, but The Greek has never made me wait more than 2 business days.

Wire transfers don't need account manager approval. I don't know what kind of podunk bank that you're banking with, that still requires you to go down to the branch and fill out paperwork. I do mine entirely 100% online, through online banking, with the largest bank in the USA. It's easy. And yah, when a person sends me a wire transfer, regardless of where they are in the world, as long as it arrives at my bank before the daily cutoff time, I am credited that amount the same day. Usually takes 2-4 hours. Exact same when I am sending wires. I know that books have received my wire at least a day before they credit it to me. Who knows why they make you wait 2 business days?

Even in the old days, before wire transfer capability was added to online banking, I have never had anybody ask me any details on sending a wire. Seriously, do you pull this crap out of your ass? I send/receive wires about 3 times a week with my business. I'm pretty sure that I know what I'm talking about.

[acarmelo1]

I'm looking at Legends deposit methods, and the only one that looks like it'd apply to me is cashier's checks and maybe "money transfer." What can I do with those as an American?

You can send them a ** or ** or send them a cashier check

[heyman]

thinking Citibank is a safe institution to be doing gambling transactions.

Many banks and financial institutions offer it, you just don't know about it.

Care to expand on this risk?

Most gringos aren't sending many bank wires to central american banks out of their personal accounts.

There are numerous legitimate reasons to wire/transfer money. For example 25% of the world's wealth is in the offshore banking centers that have <1% of the world's population. Is there a specific risk you are referring to?

[Sfritts8]

Interesting info, online wire transfers seems pretty damn convenient.

[poochiecollins]

You can send them a ** or ** or send them a cashier check

What are the bottom line differences between the three? A few points to whomever answers.

[DukeJohn]

What are the bottom line differences between the three? A few points to whomever answers.

** costs more to send the money than **. However, both will only take a few minutes to transfer the money.

As for cashiers check, they take longer.

As for costs, just about every place will refund the fee if you deposit at least a certain about, usually around $200 or so.

BoL,

[DukeJohn]

What are the bottom line differences between the three? A few points to whomever answers.

Thanks for the points

I might add, I will always use ** over any other option except a wire. I use a bank wire if it is over $5K, other than that, **.

[poochiecollins]

I forgot to ask if you or anyone's familiar with chances I'd be hassled from each or any of the three, including my bank, as an American.