Youwager - Check vs. Electronic Check (instant deposit)

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  • bigugly
    SBR MVP
    • 01-04-08
    • 1329

    #1
    Youwager - Check vs. Electronic Check (instant deposit)
    I don't care necessarily that responses are regarding YouWager experiences, but this is the book I am looking at withdrawing from. I have never used instant deposit before.

    I am wondering if there is any major reason to use paper check as opposed to an instant deposit.

    instant deposit appears to be faster.
    instant deposit limit is 2500
    Paper check is 3000

    Is it unsafe to give a book your bank information for the instant deposit? Any other important information volunteered is greatly appreciated.
  • ForgetWallStreet
    SBR Sharp
    • 04-27-07
    • 342

    #2
    I have done instant checks and bank wires with them without issue. I wouldn't sweat it.
    Comment
    • DBurton81
      Restricted User
      • 11-15-09
      • 564

      #3
      Youwager takes electronic checks now?
      Comment
      • BigOrangeTitans
        SBR MVP
        • 11-23-07
        • 4504

        #4
        I think he's talking about withdrawling, but dunno for sure.
        Comment
        • bigugly
          SBR MVP
          • 01-04-08
          • 1329

          #5
          Yes, withdrawing.

          Thanks, FWS. I am wondering though what would stop anyone with my checking account information from depositing/withdrawing money from my account whenever they desire?
          Comment
          • ForgetWallStreet
            SBR Sharp
            • 04-27-07
            • 342

            #6
            Originally posted by bigugly
            Yes, withdrawing.

            Thanks, FWS. I am wondering though what would stop anyone with my checking account information from depositing/withdrawing money from my account whenever they desire?
            Fear of going to jail?
            Comment
            • bigugly
              SBR MVP
              • 01-04-08
              • 1329

              #7
              Jail? What? Not sure what you're even trying to say. I didn't do anything wrong, and so I don't see why I would go jail. I am only concerned about $$$.
              Comment
              • wtt0315
                SBR Hall of Famer
                • 01-18-07
                • 8037

                #8
                yeah it should be safe. depends on how fast you want your money i guess
                Comment
                • ThaWoj
                  SBR Hall of Famer
                  • 03-09-10
                  • 6762

                  #9
                  Originally posted by bigugly
                  Jail? What? Not sure what you're even trying to say. I didn't do anything wrong, and so I don't see why I would go jail. I am only concerned about $$$.
                  I think he was answering your question about why or what could a person do with your banking info and what reason would prevent them from committing fraud. So he responded the person would be scared of going to jail if they risked trying to use your banking info fraudulently.
                  Comment
                  • bigugly
                    SBR MVP
                    • 01-04-08
                    • 1329

                    #10
                    Wow. That makes a lot more sense. Wonder if I was drinking that night, or just being stupid. Thanks, Woj.

                    Thanks guys.
                    Comment
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