Betting

[Rice]

I talk to some people on here about sports betting but just curious where most people do it. Online with a bookie ect? I have used Bovada and just was notified one of the checks from 1/2/13 (which said it deposited and cleared by roughly 1/5/13) isn't good and regions wouldn't tell me why. These aren't small checks either so now I am afraid I have about roughly $20,000 in bad checks. I need something that stuff like this won't happen. Scared some of these other checks will do the same as that last one. I just don't see how a check can be deposited and the money be in my account to use then 3 weeks later almost they deduct the money from my account.

[deltadukman]

I would think a reputable company like Bovada wouldn't let that happen. Id be calling someone wanting answers! Sherman probably took it because "Hes better at life than you"!!!

[Rice]

The more I read up on it odds are it's my bank not cashing it. The thing is they said it was good around 1/5/14 then 1/17/14 bam money not in my act. Made no sense to me. I don't think it was that money wasn't in bovadas act I am not sure what happened.

[adame]

get rid of regions. You are in NYC, so you should be able to find a legit credit union that way you can gain more interest on your money.

[Rice]

I have other banks here. I have to use regions with Bovada because they won't mail a check to a NY address.

[mshunter77]

Out of curiously do your checks come from somewhere like Thailand?

[southernmallard]

Out of curiously do your checks come from somewhere like Thailand?

Got to be somewhere in Caribbean dealing with gambling...caiman islands maybe?

[Rice]

All over but mostly Canada.

[woundedduck]

you have a pm

[mudsucker]

Yeah. TRUST the .net!

[Seymore]

Was it a check or draft? A check is pay on demand while a draft is paid only after the maker authorizes the bank to pay the funds once the check is the issuing bank's possession.

In the future I would not write checks on funds for checks where immediate credit is given. For instance your employer writes you a check for work for $10, you take that $10 check to your bank which gives you immediate credit on those funds, A couple days later the check comes back to the bank as insufficient funds and the bank takes the money out of your account, but you have already written checks or withdrawn money on that deposit, doesn't matter because the bank gave you provisional credit. This is just a rough example.

There are a million and one things that could have happened for why the check came back to Regions as not good. Regions is going to say it's not their problem why the check is bad and that you need to deal with whoever wrote you the check. That person or company could have filed bankruptcy, had their assets frozen by court order, had their checking account offset by the bank for a debt that person or entity owed, had a garnishment filed and the funds are frozen, had an IRS or State tax lien levied against their funds, and on and on. If it's for gambling there's no telling and I can see how it would be very easy to get stuck with a check like that.

I would demand direct deposit for all funds. If someone writes you a check and you are concerned about the possibility that it will come back then ask your bank to put a Reg CC hold on the check and send it for collections. This means you will not get immediate access to your money for several days but when they do give you credit the check will have been paid and you won't be in this spot again.

If you have any specific questions just PM me. I did this chit for 20 years and can probably track down an answer for you. If the check came from Canada or the Caimans then I can see how it would take that long to get back to the bank. That's international banking and it has a whole other set of rules and regs.

[Deltaquack]

I have other banks here. I have to use regions with Bovada because they won't mail a check to a NY address.

Sounds like that may be your issue. There has to be some law involved if they won't send to NY. Will they make ACH transfers?

[Smoke68]

Was it a check or draft? A check is pay on demand while a draft is paid only after the maker authorizes the bank to pay the funds once the check is the issuing bank's possession.

In the future I would not write checks on funds for checks where immediate credit is given. For instance your employer writes you a check for work for $10, you take that $10 check to your bank which gives you immediate credit on those funds, A couple days later the check comes back to the bank as insufficient funds and the bank takes the money out of your account, but you have already written checks or withdrawn money on that deposit, doesn't matter because the bank gave you provisional credit. This is just a rough example.

There are a million and one things that could have happened for why the check came back to Regions as not good. Regions is going to say it's not their problem why the check is bad and that you need to deal with whoever wrote you the check. That person or company could have filed bankruptcy, had their assets frozen by court order, had their checking account offset by the bank for a debt that person or entity owed, had a garnishment filed and the funds are frozen, had an IRS or State tax lien levied against their funds, and on and on. If it's for gambling there's no telling and I can see how it would be very easy to get stuck with a check like that.

I would demand direct deposit for all funds. If someone writes you a check and you are concerned about the possibility that it will come back then ask your bank to put a Reg CC hold on the check and send it for collections. This means you will not get immediate access to your money for several days but when they do give you credit the check will have been paid and you won't be in this spot again.

If you have any specific questions just PM me. I did this chit for 20 years and can probably track down an answer for you. If the check came from Canada or the Caimans then I can see how it would take that long to get back to the bank. That's international banking and it has a whole other set of rules and regs.

You speak the truth. Back in my college days, I was working down at San Destin putting out beach chairs and umbrellas. I did a side job for a guy who built the chairs spending 2 weeks in a stuffy warehouse doing hard labor. He wrote me a check, and I used it to OPEN A CHECKING ACCOUNT. Think about how much trouble I was in after his funds came back insufficient. Every transaction I had made in the last 4 days ended costing me an extra $20. Needless to say, I was livid and so were my bosses on the San Destin side who dealt with this guy.

Long story short, never depend on a single check to make your balance be in the black. It can come back to haunt you.

[MudHog]

Was it a check or draft? A check is pay on demand while a draft is paid only after the maker authorizes the bank to pay the funds once the check is the issuing bank's possession.

In the future I would not write checks on funds for checks where immediate credit is given. For instance your employer writes you a check for work for $10, you take that $10 check to your bank which gives you immediate credit on those funds, A couple days later the check comes back to the bank as insufficient funds and the bank takes the money out of your account, but you have already written checks or withdrawn money on that deposit, doesn't matter because the bank gave you provisional credit. This is just a rough example.

There are a million and one things that could have happened for why the check came back to Regions as not good. Regions is going to say it's not their problem why the check is bad and that you need to deal with whoever wrote you the check. That person or company could have filed bankruptcy, had their assets frozen by court order, had their checking account offset by the bank for a debt that person or entity owed, had a garnishment filed and the funds are frozen, had an IRS or State tax lien levied against their funds, and on and on. If it's for gambling there's no telling and I can see how it would be very easy to get stuck with a check like that.

I would demand direct deposit for all funds. If someone writes you a check and you are concerned about the possibility that it will come back then ask your bank to put a Reg CC hold on the check and send it for collections. This means you will not get immediate access to your money for several days but when they do give you credit the check will have been paid and you won't be in this spot again.

If you have any specific questions just PM me. I did this chit for 20 years and can probably track down an answer for you. If the check came from Canada or the Caimans then I can see how it would take that long to get back to the bank. That's international banking and it has a whole other set of rules and regs.

You speak the truth. Back in my college days, I was working down at San Destin putting out beach chairs and umbrellas. I did a side job for a guy who built the chairs spending 2 weeks in a stuffy warehouse doing hard labor. He wrote me a check, and I used it to OPEN A CHECKING ACCOUNT. Think about how much trouble I was in after his funds came back insufficient. Every transaction I had made in the last 4 days ended costing me an extra $20. Needless to say, I was livid and so were my bosses on the San Destin side who dealt with this guy.

Long story short, never depend on a single check to make your balance be in the black. It can come back to haunt you.

Aren't fund immediate with a check only if you have the amount covered in the bank account? Meaning if you deposit/cash a check for $1000 and you only have $500 in the bank, you won't see $1000 available to you immediately because you don't have enough to cover it. In this case, the bank holds the funds until the funds are received from the other bank which also prevents lose of funds in an ISF scenario.

[crenshawco]

Get a local bookie and you want have this problem. I had a similar experience and quit the online crap