Cashing out concerns

[Gumbercules]

Hey all,

Seems like a smart, friendly group who doesn't take everything so seriously, so I decided to join your forum.

Here's my concern: I play on Fulltilt, and have built my bankroll up and am now in the "earning" stage. I cleared my $500 for the week, and went to withdraw--I really did not like either option.
1) Give them a copy of my drivers lic. AND a utility bill, or
2) Give them the bank info.
The second is concerning for 3 reasons--I am not so sure I want income being readily traceable to the IRS, and I have some accounts that have substantial balances.
The 3rd is a concern about internet gambling prevention act issues.
Is it safe?
I mean safe-safe--like if I had assets that could be seized safe!
The first has it's appeal, but I have a hard time giving that info up without at least talking to someone who has also done it.

Any help for a newbie would be great.

[Muck]

Welcome to the forum, but since I’m from the UK I’m sorry to say I can’t be any help.

[gumbie]

Well you have options 1 and 2 or

3 never cash out.

Sending proof of ID and proof of address is pretty standard at any reputable site.

[KingOHearts]

Hey all,

Seems like a smart, friendly group who doesn't take everything so seriously, so I decided to join your forum.

Here's my concern: I play on Fulltilt, and have built my bankroll up and am now in the "earning" stage. I cleared my $500 for the week, and went to withdraw--I really did not like either option.
1) Give them a copy of my drivers lic. AND a utility bill, or
2) Give them the bank info.
The second is concerning for 3 reasons--I am not so sure I want income being readily traceable to the IRS, and I have some accounts that have substantial balances.
The 3rd is a concern about internet gambling prevention act issues.
Is it safe?
I mean safe-safe--like if I had assets that could be seized safe!
The first has it's appeal, but I have a hard time giving that info up without at least talking to someone who has also done it.

Any help for a newbie would be great.

Like Gumbo said, giving ID is pretty standard.

From an IRS standpoint, whether you deposit a big check or get a big direct transfer it makes no difference. So you shouldn't worry about bank transfers any more than checks imo.

Poker Stars had (still has?) an awesome option where you could get up to 2K send via a service like Western Union. I would go to the grocery store and pick up 2K in cash with no social security info/bank info involved.

[Jauron]

The gaming law was to to go after banks not you... If you are concerned about the money in the account already (and you probably shouldn't be) you can set up an additional account or one at another bank for this purpose.

As others have said, the size of the transfer is key, not that it was done, and really that is more IRS than anything.

[lwestatbus]

If you elect to have a physical check sent to you be sure to watch for it. In my only cashout (happened to be from P-Stars) the check arrived in a very plain window envelope that looked like some sort of junk mail. I let it sit around in a pile for several days and was getting ready to shred it!! Only the fact that I don't like to fill up my shredder basket with envelopes, etc., caused me to open this before destroying it.

Welcome.

[Gumbercules]

OK,

I did not get the "Jebus, don't give them that info" response I was fearing, so I elected to have the money put in my personal checking account.

I will send them the info so I can get checks next time.

Thanks...I'm halfway there.

[supafrey]

I love getting Electronic Funds Transfers. Cheques are for newbs ^_^

[Muck]

I love getting Electronic Funds Transfers. Cheques are for grandparents

I have hundreds of pounds worth of cheques stuck on my fridge that I haven’t pay in because I just don't visit B&M banks anymore (most date back to before Christmas).

[kompis]

I love getting Electronic Funds Transfers. Cheques are for grandparents

I have hundreds of pounds worth of cheques stuck on my fridge that I haven’t pay in because I just don't visit B&M banks anymore (most date back to before Christmas).

Shameless brag

[Muck]

I love getting Electronic Funds Transfers. Cheques are for grandparents

I have hundreds of pounds worth of cheques stuck on my fridge that I haven’t pay in because I just don't visit B&M banks anymore (most date back to before Christmas).

Shameless brag

It’s not like I won them playing poker or even earned them.

Besides they're my savings and my fridge offers me similar interest rates to my current account