I have deposited well over $100,000 over the years to this book.
I have always received payment by bank wire and with outrageous fees ($600+ for $10,000+ wires). My company sends international bank wires all the time. The fee is $35-$50. They are telling me it is more expensive in their business, so ok.
I need to make a withdrawal of about 22K now. Bookmaker is telling me that they cannot now send a bank wire at all to my particular bank (BOA). Fine then send me a check I say. They cannot send a check in any amount greater than $3000. Ok, I'm not sure why but ok. Then send me 8 checks equally the 22K? No, they can only send a max of two per week (again I am not sure why but that's what they say). There is also a $65 fee for each check.
So now best case is that I have to wait for 4 weeks (!) to receive 8 checks and pay $520 in check fees to get my money. The alternative is that I open a whole new account at another bank so that they can wire the full amount and I can still pay the $600+ in a wire fee. I don't want to open another account and it seems shady to have to explain this to the new bank, that I need a new account and am expecting a 22K wire because my current bank will not do business with the sender.
They should not accept U.S. money if they cannot find a better way to pay out in a timely and economical manner! I feel they also should have informed me that BOA would no longer accept their wire transfers as this has been my method of withdrawal for 5+ years.
Anyone here at the RX have any ideas?
I have always received payment by bank wire and with outrageous fees ($600+ for $10,000+ wires). My company sends international bank wires all the time. The fee is $35-$50. They are telling me it is more expensive in their business, so ok.
I need to make a withdrawal of about 22K now. Bookmaker is telling me that they cannot now send a bank wire at all to my particular bank (BOA). Fine then send me a check I say. They cannot send a check in any amount greater than $3000. Ok, I'm not sure why but ok. Then send me 8 checks equally the 22K? No, they can only send a max of two per week (again I am not sure why but that's what they say). There is also a $65 fee for each check.
So now best case is that I have to wait for 4 weeks (!) to receive 8 checks and pay $520 in check fees to get my money. The alternative is that I open a whole new account at another bank so that they can wire the full amount and I can still pay the $600+ in a wire fee. I don't want to open another account and it seems shady to have to explain this to the new bank, that I need a new account and am expecting a 22K wire because my current bank will not do business with the sender.
They should not accept U.S. money if they cannot find a better way to pay out in a timely and economical manner! I feel they also should have informed me that BOA would no longer accept their wire transfers as this has been my method of withdrawal for 5+ years.
Anyone here at the RX have any ideas?