Banking in Canada?

This might be a stupid question, but here goes. Since UIGEA is aimed at American banks not American poker players, could an American simply open a bank account in, for example, canada?

I'm not suggesting that you try to hide the transactions from the IRS or anything like that but if the whole issue is US banks processing the transactions could I simply use a non-American bank. From where I live visiting Canada isn't that big of a deal. Would it be legal?

Bill

I think the sites will block you based on your IP.

Phil Gordon talked about living close to the Washington/Idaho border, but having to go to his office in Idaho to play online.

Caniadians dig holes in the snow & bury their money, not sure how this will help you.

NineLions said:

I think the sites will block you based on your IP.

Phil Gordon talked about living close to the Washington/Idaho border, but having to go to his office in Idaho to play online.

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I'm not blocked now. I'm in Alaska, not Washington. I was just thinking that a bank account across the border might make deposits and withdrawals a lot easier.

LOL at Kenzie.

There are a bunch of high buyin MTT regs. who are living in Alaska. I wonder what works for them?

Kenzie 96 said:

Caniadians dig holes in the snow & bury their money, not sure how this will help you.

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that is false.

Kenzie 96 said:

Caniadians dig holes in the snow & bury their money, not sure how this will help you.

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Not true; we bury the money in September, before the snow. Then when the snow melts in June we go out and look for it.

alaskabill said:

I'm not blocked now. I'm in Alaska, not Washington. I was just thinking that a bank account across the border might make deposits and withdrawals a lot easier.

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Okay, I thought you were thinking about trying to play at partypoker or some other site that doesn't allow US players.

I don't know how setting up a bank account in another country would make deposits and withdrawals easier.

copied from wiki answers

NineLions said:

I don't know how setting up a bank account in another country would make deposits and withdrawals easier.

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Well, my thinking was, UIGEA is aimed at US banks not US players. If a US player is using a foreign bank wouldn't that bypass the UIGEA?

I certainly am no legal scholar and there is probably a big hole in my theory but if I am correct that would take care of the waiting weeks/months for withdrawals and deposits to clear that we are constantly reading about.

I was actually thinking of moving my bankroll to Full Tilt for the rakeback but all of the stories of withdrawals and deposits taking forever have me a bit spooked.