Advice on Withdrawing

Question

I have a little of $20k that is tied up in my online account that I would like to withdraw. It is all net losses so it really is just a return of deposits during the year.

I've already made a few 8 and 9k withdrawals the past few months by wire, but I'm nervous that continuing to do that will be suspicious to my bank and I don't want to go through any headaches.

The max withdrawal is 9.5k at my book, /so trying to figure out the best option or way to get the cash. Does anyone have experience with this?

Also, is an offshore online acct considered a foreign acct for tax purposes?

tito1 · Answer

I have a little of $20k that is tied up in my online account that I would like to withdraw. It is all net losses so it really is just a return of deposits during the year.

I've already made a few 8 and 9k withdrawals the past few months by wire, but I'm nervous that continuing to do that will be suspicious to my bank and I don't want to go through any headaches.

The max withdrawal is 9.5k at my book, /so trying to figure out the best option or way to get the cash. Does anyone have experience with this?

Also, is an offshore online acct considered a foreign acct for tax purposes?

HoneyB · Answer

I think you should try to withdraw the max you can from your bookie at once, and just one time per month in case your bank find something weird.

nature1970 · Answer

With that much loot just go to the cayman islands set up an account off shore transfer to that account and into your domestic account as needed. John McCain or Mitt has all the info on this .....

Messier-11 · Answer

anything under 10k doesnt draw red flags so ive been told. what book? do they offer moneygrams and checks etc?

Maximilian · Answer

Don&#x27;t withdraw multiple times. Try to gain an amount that is worth to be withdrawn and withdraw all your money at once. This will be more rentable for you. Regards

CincyWillie · Answer

[Quote: Originally Posted by Messier-11]  anything under 10k doesnt draw red flags so ive been told. what book? do they offer moneygrams and checks etc?   [/Quote]Yep, just go on down to Wal Mart and moneygram withdrawal 20 racks.

JetLifed · Answer

Lol laughing.

odessaman · Answer

when you get close to 9k profit, withdraw.

EuroPro · Answer

grab your sack and bet with a local

Messier-11 · Answer

lol i didn&#x27;t mean that book. When I had more money than most could fathom in my heritage acct I would transfer half to 5dimes and would be doing the max cashouts possible each week on both sites. 2 moneygrams (blacklisted now), 2 western unions (when that was an option, and a 7500 check each week or whatever the max was at the time. They make it hard to withdraw a lot at once and hope you lose it back while it takes weeks to withdraw it all. Smart strategy I probably lost 100k of my winnings back but still cashed out a ton. Withdrawing 20k is pretty darn easy if it&#x27;s a legit book

Advice on Withdrawing

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