Have anyone ever use bank wire transfer? I'm thinking of using it with bookmaker. Western union people start to question me when picking up money. If people have how much do you recommend for me to withdraw at a time? Thanks
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Have anyone ever use bank wire transfer? I'm thinking of using it with bookmaker. Western union people start to question me when picking up money. If people have how much do you recommend for me to withdraw at a time? Thanks
Are you thinking about doing a bank wire or an ACH withdrawal? Bookmaker has a minimum withdrawal of $10,000 if you want to use bank wire. With ACH, you can withdraw a maximum of $1500. If you're using Western Union, I assume you meant ACH.
ACH typically comes very fast, within a few days. Bank wires take a little longer, but both are legit.
Are you thinking about doing a bank wire or an ACH withdrawal? Bookmaker has a minimum withdrawal of $10,000 if you want to use bank wire. With ACH, you can withdraw a maximum of $1500. If you're using Western Union, I assume you meant ACH.
ACH typically comes very fast, within a few days. Bank wires take a little longer, but both are legit.
The bank is required to report all wires of $10,000 or more. So, yes, they will report it to the IRS.
the IRS prob won't do anything with it, but if they do
you could always report it as a cash gift from a friend or family member overseas
I have not done bank wires with bookmaker. However, I have friends that do
them all the time and I've never heard of any issues.
If you're nervous about dealing with the IRS, you may want to consider
taking smaller withdrawals (around 3K each) over a 3-4 week period. Takes a
little longer to get all the cash, but will give you peace of mind.
The bank is required to report all wires of $10,000 or more. So, yes, they will report it to the IRS.
the IRS prob won't do anything with it, but if they do
you could always report it as a cash gift from a friend or family member overseas
I have not done bank wires with bookmaker. However, I have friends that do
them all the time and I've never heard of any issues.
If you're nervous about dealing with the IRS, you may want to consider
taking smaller withdrawals (around 3K each) over a 3-4 week period. Takes a
little longer to get all the cash, but will give you peace of mind.
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