What's the truth?
Originally Posted by MakMan
im sure the banks will (generally) have no problem cashing the checks. and i also know that nowhere on the checks does it say 'online poker' or the site's name (no duh!). STILL, the feds know all their check 'clearinghouses' and if anyone would ever want to cause you any trouble in the future, they could, if there's a paper trail from your bank linking you.
just sayin'...OTOH, you're free and clear at a check cashing place. and yes, it's also true not all check cashing places will cash the poker checks (for the asinine reason they gave you), but most will. find one nearby you that will and go back there.
just my two cents...
I know what you're saying. I have the same fears. But I don't know whether I'm just paranoid or whether the concern is warranted.
I've had a few checks from a side job. I lost my ledger and asked at my bank if they had a history of checks that I'd CASHED there (not deposited) and they said no - and that there is no way to track those. Good if true.
So maybe if you get a small enough check and cash it at your bank (don't deposit), it just flies under the radar. I think there is a threshold where any financial transaction has to be forwarded to the feds. Anybody know what that is? Is it ten grand?
My solution, and I hope it works, is to keep my transactions small. Say for example I want to withdraw two million dollars from my poker account. Rather than taking it all at one time, I'll take a series of 20,000 $100 checks.