Yes, and that data comes via satellite--and the I-15 has 100% coverage.
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Yes, and that data comes via satellite--and the I-15 has 100% coverage.
Rob are you really suggesting there is the slightest bit of risk that a Caesars check -- post bankruptcy -- might bounce? That is as ridiculous as breaking up three queens to draw for a royal. LOL
You seem to be the one worried about it more than anyone else.
It could be something with your account... Do you have a history of bounced checks or something like that?
As I wrote above there is nothing wrong with my account.Quote:
Originally Posted by BadBeet
As most of us know, there was a government crackdown on banks handling funds for Internet gambling. While it is not unlawful for us (players) to gamble online, it is a violation of federal law for banks to handle any money for online gambling -- hence the questions from two BofA employees about the source of the check.
Again, it is highly unusual for a ten-day hold especially when I've been a customer of the bank since 1987 without any problems whatsoever.
I didn't want to mention this, but I will: I am a TV show producer and while my checking account has never had a $90,000 balance, my weekly "checking account float" is quite high. I don't think I need to mention my entire banking history here.
Clearly there is a problem with BofA handling a large casino check. And I want everyone to know it.
Alan, it is true that BofA are really paranoid about online gaming. I have friends who have had their accounts closed due to receiving cashouts from online poker sites to their BofA.
Wells Fargo, Chase, and Citi are much more tolerant of it.
It is possible that they are simply confused and paranoid about online gaming, but I think it's more that they are worried about fraud. As I said, this check forgery scheme is common, and the banks sometimes take a bath from it.
It doesn't matter that you run a lot of $ through your checking account. If your balance isn't near $90k, and if you don't routinely receive checks around that amount, they will often be paranoid and hold it.
Still, your warning about BofA has merit, and I think you provided good info. If I ever do hit a jackpot like that (or more likely, hit a big score at the WSOP), I won't deposit it with them.
BofA is as good as it gets. I've been with them for as long as Alan and I've deposited a check for over $500k from a brokerage account when I bought our RV with a simple 3-day hold with an average daily balance in the low four figures. And that was by far the largest deposit I've ever made with them. There was zero paranoia and all the rules were followed. Alan if you really want to understand what's going on with this 10-day hold then persistence will find out.
I'm not buying bank employees questioning about on-line gambling. It's clearly a WF check. No one is that stupid, even the bank's collection of third world employees. They'd never ask such a question, and if they did then a call to a banking manager would eliminate that phony hurdle.
I would have told the bank employee that it was none of their business, or as Rob says, gone over his/her head. I recently deposited a $500,000 check at Harris bank with no questions asked. Harris has a pre-printed form they hand out to you on large deposits explaining their rules as to "Hold".
But again, B of A has the right to put a longer hold on a check if they are concerned for any reason (vague) and have a reputation for doing so.
Rob a check from a brokerage house is not the same as a check that says Caesars Palace. That's a silly comparison.
It's just as good as a check written on a WF account. Those banks can instantly check with each other and debit accounts electronically as can T Rowe Price. The check is either good or it isn't. A ten day hold is only as good as the customer allows it to be.
That's my point Rob. BofA had no business putting a long hold on the Caesars Palace check since it was on an account at Wells Fargo. I suspect they did it ONLY because of the federal government's rules against doing business with online casinos. As I mentioned, TWICE I was asked if Caesars was an online casino! Has anyone else deposited a big casino check in a bank lately? What's been your experience?
In the meantime, BofA released $5,000 at the end of business today, with the rest of the money being released this Friday. I guess I got a bit of a concession from them when I repeatedly called.
In all the excitement about the Royals I forgot to post about Jason's other big win. We both have a "tradition" of stopping at Gold Strike -- that small casino between Primm and Vegas at Jean. I stopped going there after they removed the craps table and after I cashed out the last of my cash back and gas comps, but Jason still likes to stop in to play a little video poker before he crosses into California.
Well, Jason got lucky again. This time on a multi play Triple Double Bonus $1 game. He hit one quad aces with kicker for $4,000. See photo below. He only had $500 played.
BofA seems to have capitulated due to your persistence. That's what it takes, esp. after they twice asked the foolish question about "is Caesar's an online casino". You likely finally got someone accountable to look at your issue.
That's a full pay tdb machine Jason played in Primm. Almost 100%. What's he doing making an actual 800% on the thing? Doesn't he realize what a slap in the face that is to theory??
Rob, I made a mistake in my post about Jason's play on that machine. He started with $320 and not $500. He explained it to me this way: He tried to put $500 in but one $100 bill was rejected, and then four of the five $20 bills he put in were rejected. (Nothing wrong with the bills, it was the bill acceptor problem.) While he was waiting for a floor person to exchange the bills he hit his quad aces. He also told me it took nearly 50 minutes to get a handpay.
For those of you unfamiliar with the Gold Strike -- it used to be owned by MGM and they sold it a couple of months ago to the outfit that ran the Terribles gas station slots. The new outfit removed all of the table games and about 70% of the machines leaving only about thirty machines inside the building while they make-over the hotel into some sort of super truck stop with a casino.
Gone are the $5 8/5 Bonus Progressives that Jason and I loved to play and gone is the $3 craps table that I used to "warm up" on before I reached Vegas.
Jason told me that there is now an Automobile Collection housed inside the casino. He didn't take pictures and the next time I drive to Vegas I will stop in to take pictures.
He said the highest denomination VP is $1 and he said there was this one five-play machine.
Yes, it is a full pay Triple Double Bonus game and he was shocked to find it. He wasn't going to play it until he looked up the paytable.
I stopped into the Strike on my last trip. There is indeed an auto collection. If you're a Dodge Challenger fan, check out the vehicles from the last several Fast and Furious films. Also, the actual Batmobile is on display. I believe it was originally a Lincoln, which I did not know.
It's quite a neat display.
The check was cleared this morning.
I smell a "customer requested" trip to LV in the works.
You know, Rob, let's put it all together. Trip to LV, your recommendation that Alan get a more reliable vehicle, Gold Strike enroute.
A chunk of that big score would make a fine down payment on the Batmobile. Alan would look great behind the wheel.
And chicks dig Batmobiles.
I only wish I had a "customer requested" trip. Damn't. Even with my new found wealth I can't even get a date to go to Vegas this weekend.Quote:
Originally Posted by Rob.Singer
What happened to Gwen? I thought she was down for all your degeneracy?Quote:
Originally Posted by Alan Mendelson
Gentlman's bet anyone? OVER/UNDER 9 months before that $90k ends up back in the casinos's pocket. [i would say caesars, but it seems like he'll be over at bellagio more so than caesars]