Daniel Negreanu: "Bank of America Closing All My Accounts"

#1 December 24th, 2015, 12:00 PM

Daniel Negreanu, who has earned over $32 million from live tournaments during his career, announced recently on Twitter that he is having some major problems with Bank of America.

According to Negreanu, Bank of America (one of the biggest banks in the United States) will be closing all of his accounts, since he has deposited too much poker-related money in them.

It seems Negreanu is not the only poker pro who has had problems with the Bank of America, as Doug Polk revealed, that he had a substantial amount frozen 1,5 years ago for 2 months:

Daniel Negreanu: "Bank of America Closing All My Accounts"

#2 December 24th, 2015, 12:26 PM

Damn, and before that he also posted Mastercards was blocking his account.
Why would they not want his poker earned money on their bank????

Daniel Negreanu: "Bank of America Closing All My Accounts"

#3 December 24th, 2015, 1:30 PM

LMAO!!!
I wish a bank closed my accounts because I was too rich...

#4 December 24th, 2015, 3:04 PM

Weird.....maybe is something with their policy...

#5 December 25th, 2015, 7:03 AM

That's sick, I think that is a policy problem

#6 December 25th, 2015, 9:25 AM

Reason always have without reason they probably not cancelled his credit cards.

#7 December 26th, 2015, 1:52 AM

pnc took all my funds on black friday thats why i quit playing lost my bank and my money on sites

#8 December 26th, 2015, 3:05 AM

My bank froze my 17$ and didn't tell me shit for like 3 years.

#9 December 26th, 2015, 3:08 AM

I'm surprised he doesn't bank with TD Bank...it's an American/Canadian bank I believe..

#10 December 26th, 2015, 3:49 AM

Cant wait to hear more on this

#11 December 26th, 2015, 3:21 PM

Bank of America sub par bank at the most. Ive had trouble with them as a vendor I had to tell my customers that I would not and could not except there checks. They charged me for every one of there checks i cashed for my business which devalued the USD to the point it just wasnt worth it. It made a lot of people upset and all the other vendors in my business follow suit. I was thankful my customers understood about the problem after I explained what was going on. Because if i kept using Bank of America I would have to charge more for my product. This was 15 years back. Bank of
America can go kick rocks!

#12 December 28th, 2015, 5:12 PM

Can they really do that??

#13 December 28th, 2015, 6:05 PM

maybe if he was a bit less high profile he wouldnt have the problem

#14 December 28th, 2015, 6:32 PM

Originally Posted by TeUnit

maybe if he was a bit less high profile he wouldnt have the problem

thought it would have been the opposite if an unknown starts depositing millions of dollars in an account surely that will raise more suspicions i.e. trafficking, drugdealing, terrorism etc

#15 December 28th, 2015, 7:37 PM

he can open many others acounts big deal Daniel Negreanu: "Bank of America Closing All My Accounts"

#16 December 28th, 2015, 10:14 PM

They, and other banks, can do this because Republicans (mostly) are afraid to regulate the banks.

#17 December 28th, 2015, 10:18 PM

Wow I can't believe this! poor bloke, I mean what's he done to deserve this? he'll sue them for sure defo has a claim there! this is a sub for me to see what happens

#18 December 28th, 2015, 10:22 PM

I banked with BOA, while I was still with Pokerstars.. I was allowed my cashout of Black Friday. I hope Dan gets his money. I always wondered how he still played. Is it because he is Canadian Citizenship?

#19 December 29th, 2015, 2:28 AM

Lol

#20 December 29th, 2015, 11:36 PM

how bad.
I hope that in Argentina does not have that problem if I become as big as they

#21 December 30th, 2015, 1:23 AM

Wow, funny parody of a bank letter, which had me going about halfway thru. If you're not attracting the feds, you probably won't get your accounts flagged.

#22 December 31st, 2015, 11:25 PM

Wow cannot believe that letter... they kept "30% of your funds for themselves and promise to use them to market other customers"...that is stealing isn't it? can you imagine any of us doing that we would serve jail time.....crazy world we live in!

#23 December 31st, 2015, 11:52 PM

Many banks here in Nevada have policies against depositing winnings from gaming. I bank at B of A and have been asked on 2 occasions if the deposits I were making were from Casino winnings.

I always tell them the same thing, the money is from my gold prospecting and show them my GPAA ID. Gold Prospecting Association of America.

Daniel Negreanu: "Bank of America Closing All My Accounts"

#24 January 1st, 2016, 12:05 AM

Originally Posted by CAMurray

Many banks here in Nevada have policies against depositing winnings from gaming. I bank at B of A and have been asked on 2 occasions if the deposits I were making were from Casino winnings.

I always tell them the same thing, the money is from my gold prospecting and show them my GPAA ID. Gold Prospecting Association of America.

Daniel Negreanu: "Bank of America Closing All My Accounts"

So what does the winner of the WSOP ME do?

#25 January 1st, 2016, 12:50 AM

Originally Posted by dj11

So what does the winner of the WSOP ME do?

Not all Nv banks do this, from what I understand.

#26 January 1st, 2016, 1:48 AM

His bank is probably looking at his infrequent, but very large, deposits as a potential sign of illegal activity. Of course, you'd think they could reach out to him and find out what is the real deal before doing something stupid like telling a person with a lot money and a huge fan base that they don't want his business.

#27 January 1st, 2016, 4:58 AM

Originally Posted by dturner100

LMAO!!!
I wish a bank closed my accounts because I was too rich...

best comment so far.

Daniel Negreanu: "Bank of America Closing All My Accounts"

#28 January 1st, 2016, 7:48 AM

Sounds like some banks are overly careful and allergic when it comes to poker. Maybe the one who decided got sucked out by runner-runner quads or so?

#29 January 1st, 2016, 9:02 AM

In the letter above, maybe I'm misreading It, or I'm misinterpreting It. Does It read at the bottom we are keeping 30$ of all 2015 deposits? I'm speechless, I'd kill the banker, If they did that to me.

#30 January 1st, 2016, 2:02 PM

best he moves to Canada, usa a free country don't think so the banks run everything in us and who are the directors of the banks the biggest con men who run the country. how have they got the right controlling online poker.

#31 January 1st, 2016, 2:14 PM

Working for a major large bank I can add something to the conversation. They wouldn't have close his accounts for ne reason. That's taking a loss in revenue. The only way a Bank will close the accounts is if they feel that they are violating federal law. It must have something to do with large deposits from over seas, I guarantee it. Just my 2 cent, Buzz

#32 January 1st, 2016, 6:30 PM

Omg crazy letter.. . Its insane poor negreanu poor "POOR" XD

#33 January 2nd, 2016, 4:59 AM

Not to get of topic here but why isn't a bank closing Bill Gates's accounts? I mean Negreanu doesn't have nearly his funds, so why Is his being close? Also why did they take 30% of his deposits again? I wonder how he felt having 30% on all his 2015 deposits robbed and he just couldn't do nothing about It?

#34 January 2nd, 2016, 5:52 AM

Originally Posted by naruto_miu

Not to get of topic here but why isn't a bank closing Bill Gates's accounts? I mean Negreanu doesn't have nearly his funds, so why Is his being close? Also why did they take 30% of his deposits again? I wonder how he felt having 30% on all his 2015 deposits robbed and he just couldn't do nothing about It?

Abdi, the letter is a joke letter, it may make more sense if you re read it as a joke.

BTW, I have a Nigerian Prince that would like to get to know you.

Stop being so gullible, it it sounds wrong or too good to be true, then it probably is.

Daniel Negreanu: "Bank of America Closing All My Accounts"

#35 January 2nd, 2016, 7:53 PM

[quote=horizon12;2796252] According to Negreanu, Bank of America (one of the biggest banks in the United States) will be closing all of his accounts, since he has deposited too much poker-related money in them.

Well, i believe it has something to do with 'Laundry of funds'!
Government believe illegal funds are flowing through sites, to wash from government tracing (following of monetry travel).
Thus people can unwittingly help wash terrorist funds with game playing, and then withdrawing funds few days later...
I can see both sides of argument.

Banks are under strict goverment controls now, especially after they were all bailed out of the S..t, few years ago, and thus have to open 'ALL' accounts to allow goverment scrutiny. Daniel Negreanu: "Bank of America Closing All My Accounts"

#36 January 2nd, 2016, 7:59 PM

Originally Posted by joker131

best he moves to Canada, usa a free country don't think so the banks run everything in us and who are the directors of the banks the biggest con men who run the country. how have they got the right controlling online poker.

Canada are under similar law changes, to allow their Goverment access to private citizens accounts to follow and stop negative transferring (terrorists transferring to citizens), and having them withdraw funds once there, and then re deposit funds into another account that terrorists have access to.

The whole world is a wash basin now...we all have to do our part to stop these nutters! Daniel Negreanu: "Bank of America Closing All My Accounts"

#37 January 2nd, 2016, 8:21 PM

That letter is too unreal...I 'call' a classic Daniel prank

#38 January 2nd, 2016, 8:29 PM

Originally Posted by JamaicanKid

That letter is too unreal...I 'call' a classic Daniel prank

No one is saying it is real, the letter is a joke.

Daniel Negreanu: "Bank of America Closing All My Accounts"

#39 January 2nd, 2016, 8:41 PM

Which is the problem if he pays the corresponding taxes? Not deberia him this happens

#40 January 3rd, 2016, 3:48 PM

Originally Posted by Zorba

No one is saying it is real, the letter is a joke.

Daniel Negreanu: "Bank of America Closing All My Accounts"

ohk...That flew right over my head lol...because if it it were real that would have been extortion

#41 January 4th, 2016, 7:43 PM

I guess he better be getting a big same and some good security at his house lol

#42 January 4th, 2016, 8:47 PM

And what about his property, house, cars etc??

I guess earnings from poker are never 100 % yours :/

#43 January 4th, 2016, 8:48 PM

Bank of America is just a terrible bank says Playful, they just sent my auntie a letter that she was dead.The bank said also they wanted the name(S)of her surviving kin to pay off a large bank note which they were told to gfy excuse my language

#44 January 5th, 2016, 8:15 PM

Oh my god, or the bank has a dumb manager or it must be a policy problem!!
One more reason for us to fight for the rights of poker.

#45 January 5th, 2016, 8:54 PM

Originally Posted by dbchristy

I banked with BOA, while I was still with Pokerstars.. I was allowed my cashout of Black Friday. I hope Dan gets his money. I always wondered how he still played. Is it because he is Canadian Citizenship?

It really doesn't matter with your citizenship. It definitely matters where you play. You cannot play on Poker Stars from the USA, but can play in Canada regardless of what citizenship you have.

I hope this helps in figuring it out.

#46 January 6th, 2016, 12:30 AM

Originally Posted by DEE123

Wow cannot believe that letter... they kept "30% of your funds for themselves and promise to use them to market other customers"...that is stealing isn't it? can you imagine any of us doing that we would serve jail time.....crazy world we live in!

Originally Posted by naruto_miu

In the letter above, maybe I'm misreading It, or I'm misinterpreting It. Does It read at the bottom we are keeping 30$ of all 2015 deposits? I'm speechless, I'd kill the banker, If they did that to me.

Originally Posted by RicardoInciarte

Omg crazy letter.. . Its insane poor negreanu poor "POOR" XD

N'yeah... if you read the letter back again (and the Tweet it's attached to) you'll see it's not actually a genuine letter from Bank of America, it's a spoof someone's made up

#47 January 6th, 2016, 12:42 AM

I guess Mr. Sanders has a point about the power of the big banks

#48 January 6th, 2016, 7:51 PM

Maybe they think certain poker players are earning money quite "easy" and they want to discourage them...

#49 January 10th, 2016, 4:47 AM

It's dumb but banks are allowed to deny anyone's business at their discretion. A similar thing is happening in Colorado lately. A ton of money is being made from legally sold marijuana but it's at the banks discretion to knowingly accept those funds. A lot of banks just don't want that money right now because like poker it's still a bit of a gray area because of the State vs Federal laws and regulation and what have you. But then again who knows, maybe the CEO of Bank of America is friends with Sheldon Adelson and they're just needling Daniel Daniel Negreanu: "Bank of America Closing All My Accounts"

#50 January 10th, 2016, 5:14 PM

they just decided to **** with the accounts of Daniel Negreanu percent more,believe about poker is not work but play

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Daniel Negreanu: "Bank of America Closing All My Accounts"

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