Anyone ever use an E-check for deposit?

ces

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Mar 24, 2005
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E of Ball State
DSI suggested I use an Echeck for deposit. I would open an account expressly for deposit and hopefully withdrawal with no other personal money. Just wondered exactly how it worked. Supposedly takes hassle out of ID's, waiting on money, etc. If anyone has used this method, could you please enlighten me?
 

yyz

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Mar 16, 2000
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On the course!
I have, and it's easy as shit!

The only draw, and it's not a huge deal, is you must wait 10 business days to get your money back into the account once you make the deposit. That only means you can't deposit $500 today, bet on a game, and get the $1000 put back tomorrow.

Makes some sense, since they need to verify that you actually have the cash in your account, ect.

I have used ECheck with Olympic, and you are betting in sixty seconds time. The debit is made on your account in two days usually. When I ask for a payback, I always get it credited to my account in 48hs max. (Other books my very, so you're on your own, there!)

Good luck!
 

60 SEC ASSASSIN

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I've used it with BetJamaica and its great and its hassle free. You get the money immediately but you cant withdraw the original deposit for at least 5 days i believe to make sure you have funds to cover the check. Withdrawing money is even easier. I opened up a free checking account where I hardly keep any funds in it unless when I need to deposit into a book. Good Luck :SIB
 

SixFive

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I think the first online deposit I ever made was with Echeck way back in around '94 I guess with sportsinteraction. I've also deposited with Betjam like this. Works well and fast, but sucks when you have to fax a bunch of chit like electric bill, bank statement, etc. to get it back out which is sometimes required on the withdrawal end.
 

chump

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Oct 12, 2000
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I use Echecks sometimes but it is so much better to use Neteller Instacash and have the book cover the fee. There are many good books that cover it for you, that way you can move the money around without waiting 7 days or so, no hassles either

much better way of doing it
 

ces

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Mar 24, 2005
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E of Ball State
Thanks, chump. I'll look into it. I've only used W. Union and read where one of MJ poster's got questioned about sending money out of the country.
 
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