vpFREE2 Forums

Beating a dead horse?

#1

7a. Beating a dead horse?
Date: Fri May 1, 2009 9:23 am ((PDT))

Is there anyone using EFT's (Electronic Fund Transfer) to transfer money to
casinos on the strip in Las Vegas, to avoid carrying cash while traveling to and
from LV?

I am specifically asking about EFT's, not wire transfers.

I have no experience with EFTs and casinos, but I have had a line of credit with a casino in the past; basically you establish credit with them like with any other source, and you can draw on it without interest by signing markers. At the end of your trip, you settle your markers, or send them a check after you return home.

Although there may be a few states in which these are not collectible, I think we all understand (1) you should pay back what you borrow, and this is borrowing, (2) you'll never play again there, or possibly anywhere else, if you don't repay, and (3) although I don't expect to be buried in the desert or have my knees broken, casinos are still not an organization I'd like to owe money to.

I suggest you call the casinos you are interested in, and ask them to connect you with someone who can answer your questions, and also you should get information on a line of credit, and then decide how best to proceed for your own interests.

I'm sure they can give you all the information, forms, etc., you need.

Of course, you may also wish to discuss the matter with your bank and confirm to them what you're doing and that it's what you want to do, unless they are so big they don't ask questions, but just do as they're told. (Another story sometime is how my "big bank" processed an online payment for $945.00 that I made, when I forgot the decimal point, showing a negative balance of almost $90,000 in my account!).

Personally, I like to control my per-trip losses by only playing the cash I bring with me, and there have been previous discussions on safe ways to carry large amounts of cash.

--BG

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#2

Thanks for your answer.

I am a bit frustrated, going to the casinos. That is the reason I call this topic "beating a dead horse". Either I have not made it to the right person, or casinos know nothing about EFT's.

I have been using EFT's for a couple of years now, moving money between various entities. It is safe, convenient, and "free", as opposed to doing the same thing by "wire transfer".

Again, thanks for you reply.

..... bl

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--- In vpFREE@yahoogroups.com, "Barry Glazer" <b.glazer@...> wrote:

I suggest you call the casinos you are interested in, and ask them to connect you with someone who can answer your questions,

#3

My "search" for EFT information was originally instigated by the following comment ....

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--- In harrahscasinos@yahoogroups.com, "hockeystl" <vegasstl@...> wrote:

Call the Credit Department and set up an EFT.

I know this was on the "other" Yahoo group. But not having success there, I thought I would extend my search to this group as well.

So far, no reply from the original sender and no casino that I called even seems to know what an EFT is. I keep getting "wire" information or "credit line" information.

..... bl

#4

why not establish an account with a Vegas bank and use them for your transfers?

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--- On Sat, 5/2/09, bornloser1537 <bornloser1537@yahoo.com> wrote:

From: bornloser1537 <bornloser1537@yahoo.com>
Subject: [vpFREE] Re: Beating a dead horse?
To: vpFREE@yahoogroups.com
Date: Saturday, May 2, 2009, 8:41 AM

--- In vpFREE@yahoogroups. com, "Barry Glazer" <b.glazer@.. .> wrote:

I suggest you call the casinos you are interested in, and ask them to connect you with someone who can answer your questions,

Thanks for your answer.

I am a bit frustrated, going to the casinos. That is the reason I call this topic "beating a dead horse". Either I have not made it to the right person, or casinos know nothing about EFT's.

I have been using EFT's for a couple of years now, moving money between various entities. It is safe, convenient, and "free", as opposed to doing the same thing by "wire transfer".

Again, thanks for you reply.

..... bl

[Non-text portions of this message have been removed]

#5

Thanks to all for the many thoughtful replies.

Yes, there are many ways to carry (or not carry) cash to Las Vegas and I have probably tried all of the many suggestions, some even several times. As to this particular suggestion, it is probably the best that I have found so far, what with a Wells Fargo branch being conveniently located inside McCarron. I have done exactly that a couple of times. The kicker is that you still have to carry around large amounts of cash on your person, as opposed to "tapping" a casino cage for a few thousand at a time, when you actually need it.

As the subject header says, though, it seems as if LV casinos do not use EFT's in the way that I am used to using them (or, would like to use them).

Thanks, again.

..... bl

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--- In vpFREE@yahoogroups.com, NC Wanderer <larbo929@...> wrote:

why not establish an account with a Vegas bank and use them for your transfers?

#6

Try this: Establish credit at the casinos. But, CAUTION, do not spend more than you would otherwise. If you lose you can write them a check. If you break even you pay back the marker. If you win a jackpot of any size, ask for a check. I have never had a problem with this request. It may take an hour or two but it has never been a problem. You also avoid the outrageous casino ATM fees this way as well. Having a bank in Vegas that is also in your home town helps as well.

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--- On Mon, 5/4/09, bornloser1537 <bornloser1537@yahoo.com> wrote:
From: bornloser1537 <bornloser1537@yahoo.com>
Subject: [vpFREE] Re: Beating a dead horse?
To: vpFREE@yahoogroups.com
Date: Monday, May 4, 2009, 9:51 AM

      --- In vpFREE@yahoogroups. com, NC Wanderer <larbo929@.. .> wrote:

why not establish an account with a Vegas bank and use them for your transfers?

Thanks to all for the many thoughtful replies.

Yes, there are many ways to carry (or not carry) cash to Las Vegas and I have probably tried all of the many suggestions, some even several times. As to this particular suggestion, it is probably the best that I have found so far, what with a Wells Fargo branch being conveniently located inside McCarron. I have done exactly that a couple of times. The kicker is that you still have to carry around large amounts of cash on your person, as opposed to "tapping" a casino cage for a few thousand at a time, when you actually need it.

As the subject header says, though, it seems as if LV casinos do not use EFT's in the way that I am used to using them (or, would like to use them).

Thanks, again.

..... bl

[Non-text portions of this message have been removed]

#7

Again, thanks to one and all for the many, many excellent suggestions.

Actually, I had originally planned to go the "establish casino credit" route as the obvious solution to my "problem".

What has sidetracked that idea (at least temporarily), is the potential/possible/probable "ding" to one's credit rating by "credit inquiries". There's been a rather extensive "thread" describing the effects that some people have experienced.

I am still researching this, with respect to present practices by casinos and how such "inquiries" are now handled. I still may choose to go this route, with a little bit more investigation.

As I said, thanks, again!

..... bl

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--- In vpFREE@yahoogroups.com, pesach kremen <royalflush2222@...> wrote:

Try this: Establish credit at the casinos. But, CAUTION, do not spend more than you would otherwise. If you lose you can write them a check. If you break even you pay back the marker. If you win a jackpot of any size, ask for a check. I have never had a problem with this request. It may take an hour or two but it has never been a problem. You also avoid the outrageous casino ATM fees this way as well. Having a bank in Vegas that is also in your home town helps as well.