Bank questioning wire transfer withdrawl

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    Last post ago 6 months by cheetahwind
    1623689 713718728646532 39540499 n
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      • 1623689 713718728646532 39540499 n
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        I cashed out using bank wire from Uptown Aces.  My bank called today and asked if I was expecting a wire transfer.  I said yes.  She then said "Do you know what it's for?"  I told her it was money I earned online.  I did not mention gambling.  The bank called again later but I did not answer.  I'm a little worried about why there are calling again and what I should say if they continue to question the wire transfer.  Anyone have this issue or any suggestoins??

      • Panther spirit copy 2
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        • 1623689 713718728646532 39540499 n

        HI Leslie:As to your concern; the only time that one  should be worried is when the amount is in between $9,700-$10,000 and that's due to the IRS guidelines. Other  than that the curiosity factor of the bank manager is all there is to trip on. I've had  that head trip before and  it's feeling is nothing nice. Good  cure:  Something  strong  with  a sugar spoon chaser will  bring you back to normal...relax-n-enjoy....Frosty1

      • 1623689 713718728646532 39540499 n
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        Thanks. It's under $1500 so nowhere close to an amount that should raise suspicion. I guess I'll call the bank tomorrow to see what they are wanting. 

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        Update:  Bank is demanding more information.  I told them I have said all there is to say.  I said the money was from referrals/marketing for online webistes.  They wanted specific info on the website and what they do. I really didn't have a good answer.  Then they wanted to know what a recent coinbase deposit was for.  I pretty much I feel I am being interogated.  They are not likely to accept the wire transfer and now I cannot use bitcoin due to them questioning that.  So much for winning.

      • Archnye
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        You're in a tough spot. I suppose they have the right to question you based on the Bank Secrecy Act, suspicious transactions and there is no dollar limit set on investigating that. The $10k rule applies to anti-money laundering reporting requirements for cash. My understanding is that wires may be reported at $3k and over, which doesn't apply here.

        My guess is that they may have suspicions of incoming wires from that particular sender or they're piecing together your account activity since you are being questioned about bitcoin.  

        Let's hope that they just credit the wire. Its not simple for the bank to return a wire but I don't know the rules off the top of my head.

        Let us know what happens. 

         

         

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        I am so done. I used my bank for a wire once. It went smooth. That was last year. I am good on gambling. I really hope it is just a check and not anything serious. Please keep us updated.

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        They finally credited it. I do still have a check I'm waiting on to clear so I'm hoping that doesn't cause more problems. Time to lay low for awhile. This has not been a pleasant experience. 

      • Archnye
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        Good news, glad to hear you got the wire!

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        Thanks for the update and i hope all goes well with the next one. I have been trying to hold off on trying bitcoin but i finally am trying it. I think i got the deposit but have not tried the withdrw option. Maybe you can check into it. Good luck.

      • 1623689 713718728646532 39540499 n
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        I did use Bitcoin for $2500 of my winnings. I did some by the bank wire and some by check. The bank didn't question the Bitcoin until the wire  came through and they started going through my account. I split everything up because I didn't want to wait another week to withdraw more of my money so I used different methods. I think I'm only going to use bitcoin from now on and I may even get another bank account set up for that purpose. I felt like I was being interrogated by the bank like I am a criminal mastermind or something. I've heard a few people say they had trouble with checks being returned by the federal reserve so I'm keeping my fingers crossed that that check will be cashed and I'll be done with this. I deposited it a few weeks ago but they said it could take 4 to 6 weeks to clear.  A different branch called me about that one but they didn't question what the check was for they just wanted to let me know what could take a bit of time.  Sucks to get so excited about a win and then have to deal with all of this. 

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          Super Hero
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        If the wire come directly from Uptown, then it probably came from somewhere foreign and that probably triggered a full investigation.  Which sucks, but it does happen especially when the descriptor comes across as funny.

        As for Coinbase, tell them you sold some currency and coinbase is turning your currency into the US Dollar.  Simple as that, and if they do all of there checks on Coinbase.  They'll see that there a licensed money transmitter in the US.  Everything is on the up and up and there shouldn't be much to question.

        I suppose, if you have had a high amount of deposits lately that could be cause for them to worry about where your money is coming from.  Yet honestly the Coinbase situation does seem a bit odd that they would quesiton that.

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