Ultimate bet insane processing fees

I wanted to withdraw some cash from UB (not all)

i have 60 bucks there and wanted to withdraw 30 bucks just to see if it works. But when i wanted to do it i got shocked they charge you a 50 dollar processing fee for a withdraw whit bank wire (bank wire is the only one i can use right now)

Isnt that INSANE?????
FT and PS dont charge anything. well i just might have to go for another
payment method maybe netteller which they wont charge you.

I personally find that ridiculous as well. Phil Hellmuth is just a greedy little man lol.

That is totally ridiculous to charge so much for withdrawal! GL with any other method you may use...please keep us up to date with it, OK?

I would not be playing there any more. Will they let you take a check? Good luck.

how about transfer to ewallet xpress?

They only charge $7 or 8 for other withdrawal types - so choose another option. Wire transfers are expensive.

This. Wire transfers are expensive at every site, and they're meant for large sums of money ($5000+).

I have withdrawn from AP (same network) using thr check method - which is less than $10 and received my check within a couple weeks. I am fine with waiting since the bank wire cost so much. They have the prices posted, so just make the best choice for your money.

why did you get a check instead?

i go with netteller much cheaper with UB. Dont use checks.

wire transfer expensive????????? only on UB app.

Pokerstars and Full tilt dont charge a dime fro Wire transfer!

i should have withdrawn the money i made before i busted lol.

You don't have to use the bank wire withdrawal, there are other cheaper methods of withdrawing. I agree though that a $50 processing fee is too much especially if you want to withdraw anything under $500. I suggest just requesting a check in the mail.

Today, I withdrew using echecks from UB. Min withdraw is $250. No fee.

Sure... it's ridiculous ... but I would guess the REAL reason behind the high fees is to keep people from withdrawing. Any money they can keep in accounts on the site is that much more available to pay the rake.

They simply do not want players cashing out, so they make it as unreasonable as possible. In my book, the 'U' stands for Ultimate ... but the 'B' does NOT stand for bet. ...

Yes it is ridiculous to charge $50 for wire transfer, but echeck or regular check much like other sites. You can transfer money to AP and withdraw from that site also. That is what I do......

Nick, you missed a valid point, unless of course, the B stands for banking.

Keep in mind the longer the company has your money, the longer they can loan it out, collecting interest the entire time. While anybody who's watched Oceans 11 (the new one) can tell you that the NGC is on hand to make sure the casino has enough money in it's vault to cover all wagers made at any time, you may realize the the N in NGC stands for Nevada, and not some out of US Jurisdiction country which is likely the host of any given poker site.

So it makes sense as a company with millions of dollars being held indefinitely by a large number of people, as a general rule of thumb - and desire to make more money, they lend it out. Whether to banks, other companies, etc.

That way the $1000 you keep on UB all year turns into an extra $100 for them, and you're none the wiser. Not that I disapprove, such activities can help keep a site in business, however if every player on UB stopped depositing, and decided to withdraw all their money tomorrow, I'm pretty sure the majority of them wouldn't get paid, at least for a very long time.

Man, I'm Mr. Off-Topic-Lengthy-Post-Guy, aren't I?

UB is crazy. I used to be a loyaler there, and now I don't even like touching their app for freerolls. I will for CC events, but its rarely cost effective to try and withdraw from their site, which hurts.