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$60 a pop is expensive. Damn.
I don’t need to deposit but apparently it is necessary in order to establish the account with EcoCard.
No, this isn’t the case. I didn’t have to do that; neither should you.
My bank also says that to receive money via Bank Wire (once again the only method of withdrawing from EcoCard that I can see) is also $50.
I’d look for a bank that doesn’t charge such a high fee. $50 seems awfully high for something as basic as an incoming wire.
EcoCard charges $10 per withdrawal. Then, Danske Bank charges $20 to send the wire to you. My bank charges nothing to receive the incoming wire. So, overall it costs me $30 for each EcoCard withdrawal.
We’re talking $60 for every withdrawal from EcoCard to my bank
In your case, it would actually cost you $80 for every withdrawal. $10 from EcoCard, $20 from Danske Bank, and then $50 from your bank. Ouch! :nervous:
I see my EcoCard withdrawal charge of $10 and then Danske charges $10 and then whatever your bank charges. Mine charges $10 for incoming wires. $30 total. My advice is change banks. $60 is WAY too much. Heck $30 is too much but if you wait until you have a few casino commissions in Eco it makes it less painful. Compared to ewalletxpress (10% deductions on all withdrawals) Eco is quite the bargain.
Compared to ewalletxpress (10% deductions on all withdrawals)
damn that’s pretty much closer to extortion than a deduction. OUCH!
damn that’s pretty much closer to extortion than a deduction. OUCH!
The really frightening thing is alot of casinos have them as their top processor right now.
Withdraw $5k pay $500 plus banking fees. I tried to explain this to Kelly at bingomainia.com yesterday but I think it fell on deaf ears. She dismissed EcoCard as “Never heard of the ecocard”. :sarcasm:
ssd wrote:She dismissed EcoCard as “Never heard of the ecocard”. :sarcasm:Wow, she has her head in the sand, doesn’t she.EcoCard is one of the only remaining wallets out there (for U.S. players, that is).
ssd:
EcoCard maxes their charges for withdrawal at $150 – generous of them – not! But it’s a bit better than the $500 you mention.
So now, for me, it’s back to the drawing board trying to get a money method straight. I can’t pay $80 for every withdrawal from EcoCard. eWalletXpress wants 10% across the board – say a $500 withdrawal via bank wire = $50 to eWalletXpress + $50 to my bank.
I’ve been looking at Offshore Banking as an option.
Barclays wants $10,000 on permanent deposit plus a whole inquisition of where your funds come from. International ATM card.
Griffon in Dominica will open with $1,000 but international bank wires from ACCEPTED banks are $50 – iffy about whether EcoCard is on that list. The nosiness is bearable with them. Very nice international ATM card options.
Fortis has very little of their site in English. Basically, it amounts to “if you want an account go to a branch” – which are not listed. After many shenanigans (St Patty’s Day coming up) in Google, it turns out that the branches are not in English. If you manage to decipher enough of the site to find an application form – it’s the inquisition all over again. Also, they talk about accounts for “Private Wealth” – what? What private wealth. I just want to get my few thousand a month out of the casinos and into my hands. Incidentally, it looks as though when you get to the board of directors for Fortis, they are Turks.
I will not bank in Latvia.
How much can you get a wire for before the IRS gets interested? Anyone know?
It seems the only option is to go with EcoCard, pay the $80, and make the transfer big enough that it won’t hurt so much.
I’d be interested in opinions as to options. I’m sure many of us face this crap – there has to be a solution.
ntaus
ntaus8 wrote:EcoCard maxes their charges for withdrawal at $150 – generous of them – not! But it’s a bit better than the $500 you mention.To clarify, I think you mean eWalletXpress, not EcoCard. EcoCard charges only $10 per withdrawal (plus $10 or $20 from Danske Bank, depending on who you talk to).Ecocard charges $10 for withdrawal. The bank making the wire transfer DEDUCTS $20 from the amount of the transfer. If your bank charges you for INCOMING wire transfers, find another bank.
Example: You have $110 in your ecocard account.
You transfer $100 for wire withdrawal. Your ecocard balance will then be 0. Five business days later, your bank account receives $80 from the sending bank.
Total cost to you: $30.
Its as simple as that.
BobMcD
Money Makes the World Go Round!Exactly right, bobmcd. :thumbsup:
Total cost to you: $30. Its as simple as that.
Not so on my end. $10 from EcoCard, $10 from Danske and $3429.33 in my bank. Total cost $20.
Bank Withdrawal confirmed To Danske Bank – USD -3439.33USD 10.00 New Bank Withdrawal To xxxx xxxx 3439.33 USD 10.00 3439.33
Payout From xxxxxxx USD 3449.33You’re right, Engineer, I meant eWalletXpress – was getting a bit confused there
Anyway, anyone who’s banking offshore, I would really appreciate some feedback about rates and who to check.
Thanks,
ntaus
