| Posted by: CasinoNow at November 13, 2001, 10:30 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
Agreed. The good thing about the message boards is that you get a wide ariety of people from different backgrounds and with different areas of knowledge, and when you put it all together you get a collective experience that everyone can benefit from. The biggest problems are those of spam and flaming mad posts, but the forums here at WOL seem to have a better grasp on that than most, and is a heck of a lot better than the old usenet system.
Jerry Garner
http://www.casinonow.net
http://www.gamingbroadcast.com
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| Posted by: The_CPA at November 13, 2001, 7:22 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
I hear you there! It's great to have a guy here that knows some of this stuff. All good things to know for gambling on line.
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http://www.CasinoPlayersAdvocate.com
[This message has been edited by The_CPA (edited 11-13-2001).]
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| Posted by: CasinoNow at November 13, 2001, 7:07 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
LOL CPA. I guess I have just cashed way too many checks in my day. I do know a little more than average about global banking systems because of a research project I was on a while back investigating what it takes to set up a bank with the ability to implement debit and electronic payment systems. That is one area of technology that would be a full time job to keep up with, not to mention all of the policies and procedures on the corporate side. I think if I were a banker I would lose my mind.
Jerry Garner
http://www.casinonow.net
http://www.gamingbroadcast.com
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| Posted by: The_CPA at November 13, 2001, 2:50 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
Jerry,
You should open a BANK! lol Just for grins I called to see if my bank makes a hundred available the next day.... and they do!
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http://www.CasinoPlayersAdvocate.com
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| Posted by: CasinoNow at November 13, 2001, 1:27 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
That's what I was thinking too. It sounds like when you were at the window they gave you a slip showing the full account balance with those funds, but when the check went to be processed it had to be sent to collect until it is cleared, which is why your online statement reads the way it does. The check probably has not bounced, and they are just waiting for the money to change banks before making it available to you.
I could be wrong, it's just the way it sounds. One indication would be to check to see if $100 of it was made available the next day. It is the law in all of the states I have had accounts in (but I'm not sure if it's national) that no matter what the size of the check is or how long it will be held, the first $100 of it has to be made available in your account within 24 hours. Check to see, but ultimately, just call your bank and I'm sure they'll tell you that the funds will be in your account as soon as the check clears.
Jerry Garner
http://www.casinonow.net
ht... | | Read Entire Entry |
| Posted by: The_CPA at November 12, 2001, 6:59 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
EGenius,
That explains it. This is what they do to me too. It has not been returned, it is out for collection. This simply means that basically it's on hold until they know the money has switched hands.You should call and ask, (they won't call you), and just ask them when it will be available. The first time this happened to me I called and thats when I learned about the 30 day hold. The second time, I asked at the window and the manager said it would be the same, but if I wanted to write checks against she would put them thru. Go figure. I think Jerry is has the right idea, just talk to them and most of them will work with you. Glad it wasn't NSF!
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http://www.CasinoPlayersAdvocate.com
[This message has been edited by The_CPA (edited 11-12-2001).]
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| Posted by: vickinz at November 12, 2001, 6:35 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
I have to rate EH, CG and SD ery highly indeed for their quick helpful response to my receipt of a Quebec Bank check despite them informing their ecash processor that my bank will not accept other than US Bank checks. I was paid ery quickly and since notifying them of this error, they have rung me and sorted it all out.
There have been four Canadian checks sent by other casinos, and getting replacement funds for them has been a nightmare, with numerous emails to remind them every few weeks, plus having to fax them copies of check etc etc.
So I continue to be impressed by this group.
[This message has been edited by ickinz (edited 11-12-2001).]
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| Posted by: Egenius at November 12, 2001, 5:44 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
CasinoNow,
Thank you for your reply. The perplexing element of this incident is that my bank did in fact make those funds available the next banking day--no hold, whatsoever; and this after having made the deposit at the teller window. On 11/09/01, however, I iew my on-line bank statement and see that the amount of the check ($1,875.00) had been moved to the debit column and the number displayed under "Account Balance" in RED. A notation in the debit column read parenthetically "sent for collection."
Again, thank you for sharing your experience...I am beginning to feel hopeful about the outcome.
Sincerely,
William Purcell
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| Posted by: CasinoNow at November 12, 2001, 5:10 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
Well, to begin with, US banks can cash a check from Canada or any other country, so the operator was either confused when they told you that, or perhaps spoke english as a second language and wasn't coming across clearly.
Bank tellers do have to enter the data manually, because US banks have ABA/Routing numbers consisting of 9 digits, while Canadian checks usually have 8 digits. Without the extra digit, the computer doesn't recognize it as a alid institution, so the problem may have been with the way your bank handled it. It really shouldn't matter though, as they just send it to the Federal Reserve, which should get it right no matter what (unless the bank never got that far with it).
As far as putting the hold on the check, that is usually based upon the policy of the individual branch, or even branch manager, and it is not uncommon for US banks to hold international checks for 30 to 90 days while they clear.
I am fortunate, I guess, that the majority of the checks I receiv... | | Read Entire Entry |
| Posted by: AmateurSleuth at November 12, 2001, 1:33 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
Don't panic. This is a problem that has come to light in the past few months. As was stated before, some banks have no problem because they are used to handling them. Others who are not familiar, or don't have correspondent accounts in Canadian banks, will not know how to handle it through their normal business procedure. Banks use a sort of "honor system", and when something unfamiliar comes through, the red flag goes up, especially in today's climate of financial scrutiny.
SD is sound, and they will pay you. This is why I try to use ACH/wire transfers whenever cost effective. For $1800, it is worth it to me.
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| Posted by: medali at November 12, 2001, 1:02 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
I'm new to this forum and this is my first post, so I realize you've got no reason to trust me, but I'll give you the benefit of my experience anyway.
The casino's explanation may not be as slimy as it first sounds. I'm Canadian and used to work for a business (not a casino) that had a lot of $US payables. We had a $US bank account to deal with those payables. Most of the time things went smoothly, but every once in a while we'd get a cheque returned to us marked NSF even though the company NEVER sent cheques it didn't have the money to cover.
The explanation we'd get sounded much the same as the one you got - somewhere along the line, someone would pick out the cheque and say, "Hey, this is from Canada. Send it back." It was really weird because the cheques that would come back had usually gone to endors that we had previously paid, often many times, with no problem.
If the casino makes good on their promise of a replacement cheque, I'd give them the benefit of th... | | Read Entire Entry |
| Posted by: Trader at November 12, 2001, 9:29 am | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
My bank is based in Cleveland, and being on the Canadian border(Lake Erie) handles Canadian checks all the time with no difficulty. That probalby is not true in Oklahoma.
Webdollar has also been sending checks from a Canadian bank lately, which is another reason to prefer PayPal withdrawals.
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| Posted by: jen at November 12, 2001, 4:42 am | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
I used to deposit ia mail Canadian checks in US funds without any problem. These checks are still accepted by my bank, Fleet, but with a $3.75 fee now since about two months back. It depends on a bank probably.
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| Posted by: New Yorker at November 11, 2001, 8:09 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
You may not deposit these Canadian checks at the teller window. You must first bring the check to a bank officer who will place it in for collection. Banks charge a small, 3 or 5% fee for this service. If you try to deposit a foreign check (even in US funds) at the teller window you are asking for trouble.
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| Posted by: The_CPA at November 11, 2001, 5:25 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
What was it returned insufficient funds, or something else? I've gotten a few drawn on Canadian banks and my bank, somewhat reluctantly, will process them but they put a 30 day hold on availabilty. They said they do have to handle it on a manual basis. Whatever that means! There is something to the way the Federal Reserve treats Canadian Checks. Hopefully that is all this is. ****, I hope so!
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http://www.CasinoPlayersAdvocate.com
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| Posted by: Egenius at November 11, 2001, 4:00 pm | | Topic: Silver Dollar Casino (Returned Check) Forum: Winner Online |
On 11/02/01 I received a check drawn on a Canadian bank in the amount of 1,875.00 USD delivered by the United Parcel Service. On that date, I deposited same into my personal checking account. The check was issued as a result of play at the Silver Dollar Casino, an operation owned by English Harbour New Ventures, Inc., located in St. John's, Antigua. On 11/09/01 this item was returned to my bank unpaid. I have since contacted both the casino and the company responsible for their ecash transactions, ecx company, who refer me back to the casino. The casino's phone representative offered an unusual explanation: according to this person, US banks are often unable to process checks with Canadian routing numbers (LOL). This person further explained that the casino would need the check number and date in order that they may cancel the check (LOL). I was assured by this person that another check, this time a US draft would be FED EX'd within 7 working days. I am withholding contact with both the Interactive Gami... | | Read Entire Entry |
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