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

#1 24th December 2015, 1:00 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:

#2 24th December 2015, 1:26 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????

#3 24th December 2015, 2:30 PM

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

#4 24th December 2015, 4:04 PM

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

#5 25th December 2015, 8:03 AM

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

#6 25th December 2015, 10:25 AM

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

#7 26th December 2015, 2:52 AM

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

#8 26th December 2015, 4:05 AM

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

#9 26th December 2015, 4:08 AM

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

#10 26th December 2015, 4:49 AM

Cant wait to hear more on this

#11 26th December 2015, 4:21 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 28th December 2015, 6:12 PM

Can they really do that??

#13 28th December 2015, 7:05 PM

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

#14 28th December 2015, 7:32 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 28th December 2015, 8:37 PM

he can open many others acounts big deal

#16 28th December 2015, 11:14 PM

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

#17 28th December 2015, 11:18 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 28th December 2015, 11:22 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 29th December 2015, 3:28 AM

Lol

#20 30th December 2015, 12:36 AM

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

#21 30th December 2015, 2:23 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 1st January 2016, 12:25 AM

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 1st January 2016, 12:52 AM

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.

#24 1st January 2016, 1:05 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.

So what does the winner of the WSOP ME do?

#25 1st January 2016, 1:50 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 1st January 2016, 2:48 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 1st January 2016, 5:58 AM

Originally Posted by dturner100

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

best comment so far.

#28 1st January 2016, 8:48 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 1st January 2016, 10:02 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 1st January 2016, 3:02 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 1st January 2016, 3:14 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 1st January 2016, 7:30 PM

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

#33 2nd January 2016, 5:59 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 2nd January 2016, 6:52 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.

#35 2nd January 2016, 8:53 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"

Why more than 218,460 poker players have joined CardsChat