vpFREE2 Forums

Keeping your $$$ Safe

#1

Now that I travel alone, this issue is even more critical as I
figure my risk is higher. My last 2 trips to Vegas have been for 11
and 14 days, so I needed a larger trip stake than I used to on
shorter trips. A friend suggested I wire most of the money I wanted
to take on the trip to one of the casinos I was to be staying at.
The process at my home bank took about 10 minutes. When I got to the
Palms (where I had the money wired), it took an additional 10
minutes or so to retrieve the first portion from the main cage, and
less than 5 minutes each time after. This worked out terrific. When
I checked out of the Palms, I retrieved the balance and put the
money in a safety deposit box at the Cal (where I was staying). I
needed to give a $20 deposit to do so, but that was refunded when I
was done using the box. I would guesstimate the extra steps I took
to ensure my money was safe took a total of less than an hour. The
peace of mind I derived was well worth it. I will use the same
process in the future.

Correna Correna

#2

Corenna. Sounds like a good plan, but why wouldn't using an ATM card be
easier still? Dick McK.

correna2 wrote:

Now that I travel alone, this issue is even more critical as I
figure my risk is higher. My last 2 trips to Vegas have been for 11
and 14 days, so I needed a larger trip stake than I used to on
shorter trips. A friend suggested I wire most of the money I wanted
to take on the trip to one of the casinos I was to be staying at.
The process at my home bank took about 10 minutes. When I got to the
Palms (where I had the money wired), it took an additional 10
minutes or so to retrieve the first portion from the main cage, and
less than 5 minutes each time after. This worked out terrific. When
I checked out of the Palms, I retrieved the balance and put the
money in a safety deposit box at the Cal (where I was staying). I
needed to give a $20 deposit to do so, but that was refunded when I
was done using the box. I would guesstimate the extra steps I took
to ensure my money was safe took a total of less than an hour. The
peace of mind I derived was well worth it. I will use the same
process in the future.

Correna Correna

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#3

An ATM has a cost. That makes you a loser even before you start to
play.

···

On Sat, 19 Jun 2004 10:08:43 -0400, you wrote:

Corenna. Sounds like a good plan, but why wouldn't using an ATM card be
easier still? Dick McK.

correna2 wrote:

Now that I travel alone, this issue is even more critical as I
figure my risk is higher. My last 2 trips to Vegas have been for 11
and 14 days, so I needed a larger trip stake than I used to on
shorter trips. A friend suggested I wire most of the money I wanted
to take on the trip to one of the casinos I was to be staying at.
The process at my home bank took about 10 minutes. When I got to the
Palms (where I had the money wired), it took an additional 10
minutes or so to retrieve the first portion from the main cage, and
less than 5 minutes each time after. This worked out terrific. When
I checked out of the Palms, I retrieved the balance and put the
money in a safety deposit box at the Cal (where I was staying). I
needed to give a $20 deposit to do so, but that was refunded when I
was done using the box. I would guesstimate the extra steps I took
to ensure my money was safe took a total of less than an hour. The
peace of mind I derived was well worth it. I will use the same
process in the future.

Correna Correna

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#4

A bank wire also has a fee.

You might want to consider establishing a line of credit at a couple
of your main casinos.

--- In vpFREE@yahoogroups.com, Elliott Shapiro <videopoker@j...>
wrote:

An ATM has a cost. That makes you a loser even before you start to
play.

>Corenna. Sounds like a good plan, but why wouldn't using an ATM

card be

>easier still? Dick McK.
>
>correna2 wrote:
>
>> Now that I travel alone, this issue is even more critical as I
>> figure my risk is higher. My last 2 trips to Vegas have been for

11

>> and 14 days, so I needed a larger trip stake than I used to on
>> shorter trips. A friend suggested I wire most of the money I

wanted

>> to take on the trip to one of the casinos I was to be staying at.
>> The process at my home bank took about 10 minutes. When I got to

the

>> Palms (where I had the money wired), it took an additional 10
>> minutes or so to retrieve the first portion from the main cage,

and

>> less than 5 minutes each time after. This worked out terrific.

When

>> I checked out of the Palms, I retrieved the balance and put the
>> money in a safety deposit box at the Cal (where I was staying). I
>> needed to give a $20 deposit to do so, but that was refunded

when I

>> was done using the box. I would guesstimate the extra steps I

took

>> to ensure my money was safe took a total of less than an hour.

The

>> peace of mind I derived was well worth it. I will use the same
>> process in the future.
>>
>> Correna Correna
>>
>>
>>
>> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>>
>>
>>
>>
>> Yahoo! Groups Sponsor
>> ADVERTISEMENT
>>

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···

On Sat, 19 Jun 2004 10:08:43 -0400, you wrote:
>>
>>
>>
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>[Non-text portions of this message have been removed]
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#5

Dick McK wrote:

Corenna. Sounds like a good plan, but why wouldn't using an ATM
card be easier still?

Elliott Shapiro replied:

An ATM has a cost. That makes you a loser even before you start to
play.

Corenna's wire will still run her about $10.

The reason I opt for a wire for a long trip are daily ATM withdrawal
limits. A bad day can run you dry, but more significantly, a day's
withdrawal limit applies to an entire weekend.

- Harry

#6

--- In vpFREE@yahoogroups.com, "Harry Porter" <harry.porter@v...>
wrote:

Dick McK wrote:
>> Corenna. Sounds like a good plan, but why wouldn't using an ATM
>> card be easier still?

Elliott Shapiro replied:
> An ATM has a cost. That makes you a loser even before you start

to

> play.

Corenna's wire will still run her about $10.

The reason I opt for a wire for a long trip are daily ATM

withdrawal

limits. A bad day can run you dry, but more significantly, a day's
withdrawal limit applies to an entire weekend.

- Harry

It's a problem. As a BJ player I have to bring more money that a
strictly VP player ($5-10K) and being advantage BJ players are not
welcome in casinos, we have to fly under the radar, which usually
rules out casino lines of credit. So unless you have a way to get
free traveler's cheques, that leaves pretty much cash.

One thing I've heard you can do sometimes is overpay on a Mastercard
or Visa credit (NOT debit) card and leave the positive balance
there. When you get to Vegas go to a bank and take a cash advance
off it, you will pay the cash advance fee but no interest because
you are taking off your positive balance.

#7

correna2 <correna2@yahoo.com> wrote:
Now that I travel alone, this issue is even more critical as I
figure my risk is higher. My last 2 trips to Vegas have been for 11
and 14 days, so I needed a larger trip stake than I used to on
shorter trips. A friend suggested I wire most of the money I wanted
to take on the trip to one of the casinos I was to be staying at.
The process at my home bank took about 10 minutes. When I got to the
Palms (where I had the money wired), it took an additional 10
minutes or so to retrieve the first portion from the main cage, and
less than 5 minutes each time after. This worked out terrific. When
I checked out of the Palms, I retrieved the balance and put the
money in a safety deposit box at the Cal (where I was staying). I
needed to give a $20 deposit to do so, but that was refunded when I
was done using the box. I would guesstimate the extra steps I took
to ensure my money was safe took a total of less than an hour. The
peace of mind I derived was well worth it. I will use the same
process in the future.

Correna Correna

vpFREE Links: http://members.cox.net/vpfree/Links.htm

  Questions:

Did your home bank charge you any fees?

Whom do you contact at a casino ahead of time?

Does sending large amounts of cash ahead earn you any discretionary comps?

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

#8

I'm thankful for these posts. At times my ATM limit was not enough to
bail me out of a dive in the RNG - wireing ample funds ahead would be
the answer. How about in reverse? Is it just as easy to wire funds
from the casino to your bank?

--- In vpFREE@yahoogroups.com, "Harry Porter" <harry.porter@v...>
wrote:

Dick McK wrote:
>> Corenna. Sounds like a good plan, but why wouldn't using an ATM
>> card be easier still?

Elliott Shapiro replied:
> An ATM has a cost. That makes you a loser even before you start

to

···

> play.

Corenna's wire will still run her about $10.

The reason I opt for a wire for a long trip are daily ATM withdrawal
limits. A bad day can run you dry, but more significantly, a day's
withdrawal limit applies to an entire weekend.

- Harry

#9

Brian Lee wrote:

I'm thankful for these posts. At times my ATM limit was not enough
to bail me out of a dive in the RNG - wiring ample funds ahead
would be the answer. How about in reverse? Is it just as easy to
wire funds from the casino to your bank?

Getting funds back home can be a little dicey, but on the other hand
I'm not terribly uncomfortable closing out my account at the cage
immediately before leaving for the airport for the trip home. It's
walking around during the week (or even leaving cash in the room safe)
that I'm principally concerned about.

That said, I've encountered inconsistent replies when asking about
wiring funds back home or having them disbursed by check.

I've largely been told that a check is out of the question for funds
either deposited in person or wired in advance. However, I've been
told that the initial wire can be reversed in the same amount wired in.

On one occasion where I sought a reverse wire shortly before the
return home, the casino volunarily offered to send me home with a
check instead without my asking.

My take on this is to simply ask what they can do, but be prepared to
tote it home. (At the same time, I'm sure there are specific rules
that apply -- I might try to nail these down eventually.)

By the way, the casino should pick up the fee for a return wire. For
that matter the finer casinos, such as Bellagio, will reimburse your
fee for a wire in upon presentation of a receipt.

- Harry

#10

I have a VIP Preferred card by Global payments that gives me hassle-
free check writing or e-check fund transfers at certain casinos:

Cannery
Bourbon Street
Binions
Imperial Place
Lady Luck
Rivera
Tuscany

Plus a lot of unknown casinos and it's nationwide. All I do is
present the card with I.D. You do not have to be a hotel guest and
in my case I can write up to $8,000 a month in checks. The whole
process to get set-up took 5-10 minutes. I filled out a form at the
cage at a Indian Casino in California and bam, it was a done
deal. I actually forgot to bring money with me! so, this is what
they suggested since I did not want to pay ATM fees.
Vippreferred.net

Best Regards,
Lolly

A bank wire also has a fee.

You might want to consider establishing a line of credit at a

couple

···

of your main casinos.

#11

For those of you traveling to Las Vegas I recommend opening an
online account at Wells Fargo and getting your session stake and
depositing your winnings at one of the 100 or so branches here in
Las Vegas. They offer a free checking account with no minimum
balance as well as a sAVINGS ACCOUNT WITH a free debit card.

Now that I travel alone, this issue is even more critical as I
figure my risk is higher. My last 2 trips to Vegas have been for

11

and 14 days, so I needed a larger trip stake than I used to on
shorter trips. A friend suggested I wire most of the money I

wanted

to take on the trip to one of the casinos I was to be staying at.
The process at my home bank took about 10 minutes. When I got to

the

Palms (where I had the money wired), it took an additional 10
minutes or so to retrieve the first portion from the main cage,

and

less than 5 minutes each time after. This worked out terrific.

When

I checked out of the Palms, I retrieved the balance and put the
money in a safety deposit box at the Cal (where I was staying). I
needed to give a $20 deposit to do so, but that was refunded when

I

···

--- In vpFREE@yahoogroups.com, "correna2" <correna2@y...> wrote:

was done using the box. I would guesstimate the extra steps I took
to ensure my money was safe took a total of less than an hour. The
peace of mind I derived was well worth it. I will use the same
process in the future.

Correna Correna

#12

I can second this recommendation. I have had a Wells Fargo account
for years and have used Las Vegas branches (usually the one in the
big brown tower in the Hughes Center) all the time for getting "new"
money or for depositing large "winnings". And, it is useful for
regular use here at home since they have branches all over the
country.

.....bl

···

--- In vpFREE@yahoogroups.com, "timmer" <timmr21@y...> wrote:

For those of you traveling to Las Vegas I recommend opening an
online account at Wells Fargo and getting your session stake and
depositing your winnings at one of the 100 or so branches here in
Las Vegas. They offer a free checking account with no minimum
balance as well as a sAVINGS ACCOUNT WITH a free debit card.

#13

bornloser1537 wrote: “I have had a Wells Fargo account
for years and have used Las Vegas branches (usually the one in the
big brown tower in the Hughes Center) all the time for getting "new"
money or for depositing large "winnings". And, it is useful for
regular use here at home since they have branches all over the
country.”

Wells Fargo has branches in fewer than half the states.
http://www.wellsfargo.com/about/today1.jhtml

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

#14

lollyfegley wrote: “I have a VIP Preferred card by Global payments that
gives me hassle-
free check writing or e-check fund transfers at certain casinos:”
It’s not quite completely free. From their Web site: “For new applicants, a
one-time application fee of $10 will be debited via electronic funds
transfer from the checking account you designate in your application and
will be assessed only if you are approved for a VIP Preferred Card.”

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

#15

Sorry!

It appears as if there is no "perfect" solution. Also, BOA and Bank
One (other banks that I use) are not truly national.

It is frustrating (and sometimes frightening) when large amounts of
cash have to be dealt with in LV.

.....BL

bornloser1537 wrote: "I have had a Wells Fargo account
for years and have used Las Vegas branches (usually the one in the
big brown tower in the Hughes Center) all the time for

getting "new"

···

--- In vpFREE@yahoogroups.com, "MHS" <mspevack@m...> wrote:

money or for depositing large "winnings". And, it is useful for
regular use here at home since they have branches all over the
country."

Wells Fargo has branches in fewer than half the states.
http://www.wellsfargo.com/about/today1.jhtml

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

#16

--- In vpFREE@yahoogroups.com, "bornloser1537" <bornloser1537@y...>
wrote:

Sorry!

It appears as if there is no "perfect" solution. Also, BOA and

Bank

One (other banks that I use) are not truly national.

It is frustrating (and sometimes frightening) when large amounts of
cash have to be dealt with in LV.

.....BL

> bornloser1537 wrote: "I have had a Wells Fargo account
> for years and have used Las Vegas branches (usually the one in the
> big brown tower in the Hughes Center) all the time for
getting "new"
> money or for depositing large "winnings". And, it is useful for
> regular use here at home since they have branches all over the
> country."
>
> Wells Fargo has branches in fewer than half the states.
> http://www.wellsfargo.com/about/today1.jhtml
>
>
>
>
>
>
> [Non-text portions of this message have been removed]

One additional, somewhat-forseeable, possibility. Were
a "recreational" gambler were to win some $2000, receive a W2G,
request payment by check, but actually be paid in currency, and
shortly thereafter be robbed of the $2000, the income-tax
consequences could be "ugly".

Winning of the $2000 would have to be reported as income. Monetary
loss due to the robbery could be deducted ONLY as a "casualty loss";
reduced by 10% of (total) adjusted gross income. If taxpayer had
more than $18000 income from other sources, NO deduction would be
available.

···

--- In vpFREE@yahoogroups.com, "MHS" <mspevack@m...> wrote:

#17

Anyone else experience a sense of deja vu from the following post this
morning?

sphboc2003 wrote:

···

One additional, somewhat-forseeable, possibility ... Winning of the
$2000 would have to be reported as income. Monetary
loss due to the robbery could be deducted ONLY as a "casualty loss";
reduced by 10% of (total) adjusted gross income.

#18

--- In vpFREE@yahoogroups.com, "Harry Porter" <harry.porter@v...>
wrote:

Anyone else experience a sense of deja vu from the following post

this

···

morning?

-------------------------
After the first couple of posts, this entire thread is deja vu.

Gambling is about money. If you can not stand the thought of
carrying large amounts (all relative), then don't hope to win. If
you have the good fortune as many of us have had to win large
amounts (more than $10,000), put the money in your pocket and forget
about it. You'll make yourself sick worrying about it otherwise.