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Online Poker Forum - Cheap offshore ACCT
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fishytiltmonkey
Flush


Joined: 08 Oct 2006
Posts: 133

PostPosted: Fri Nov 17, 2006 9:12 pm    Post subject: Reply with quote

Holdem-Holik wrote:
guspckpckt this has occured to me, but need an address. I suppose one could obtain a Canadian PO Box. One would also need to live close enough to drive to the bank and get their $$$ when needed. What's the exchange rate these days? Might be closer and less hastle to just go play in the local live games.


If you don't have an address you have more problems than a bank account can solve! Look into getting yourself a place to live before worrying about having an international bank account. Haha, JK. I know you are implying that you need a Canadian address to have a Canadian bank account. That is not true. Go to www.rbcroyalbank.com .. When it asks if you are a Canadian resident, just click "No." Use your US address!

Takes about five minutes to set up a REGULAR bank account OUTSIDE of the US. There are tons of banks in Europe (that are secure and safe), where you can do the same thing. You don't need some hightech numbered Swiss account, with huge balance mins, etc.

If you have any questions call RBC:

Toll-free: 1-800-769-2511

Non residents can open accounts. Avoid all of the fees, minimum balances, etc. Just open an account with a trusted bank, just like your bank in the US. It is not difficult and takes 10 minutes to finish their online application.
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Lord Bodak
Two Pair


Joined: 23 Oct 2006
Posts: 65
Location: Virginia Beach, VA USA

PostPosted: Wed Nov 22, 2006 1:28 pm    Post subject: Reply with quote

RBC tells me that non-residents cannot open accounts.

Quote:
It is not possible to open a new account with RBC Royal Bank from
outside of Canada unless you already have an account with RBC Royal
Bank or are applying for Landed Immigrant Status and require an
account to comply with immigration approval procedure. If this is the
case, we would be pleased to send you the necessary information to
start the process to open a deposit-only account.
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CitizenCain
Message Board Junkie


Joined: 23 Oct 2006
Posts: 2022
Location: Behind a huge stack of chips.

PostPosted: Thu Nov 23, 2006 2:51 am    Post subject: Reply with quote

krazybangs wrote:
You miss the fact.... after the UIGEA is enforced you cannot transfer funds rom a US account to gambling sites.. hence.. you can trasnfer them to an offshore account, but will you be able to sustain an account at one?


You all miss the point.

American acct -> Neteller (or similar offshore service) -> Poker Site outside of American jurisdiction.

And then the American law... can do nothing. It can't go after your bank, which didn't deposit into a gambling site, can't go after your middleman site, since it's outside of American jurisdiction and can't go after the gambling site, because it is also outside of American jurisdiction.

And it can't go after you, because you're not targeted by the law.

So start throwing money into questionable offshore accounts all you want, but it won't change a thing.
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Lord Bodak
Two Pair


Joined: 23 Oct 2006
Posts: 65
Location: Virginia Beach, VA USA

PostPosted: Fri Nov 24, 2006 1:15 am    Post subject: Reply with quote

CitizenCain wrote:
American acct -> Neteller (or similar offshore service) -> Poker Site outside of American jurisdiction.


You're right, but if Neteller decides to comply with US law (they don't have to, but they seem to be implying that they will anyhow), we'll lose them as the middleman. Until someone else steps up to the plate, no deposits.
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Exif
Full House


Joined: 21 Nov 2006
Posts: 155
Location: Waterloo, ON, Canada

PostPosted: Fri Nov 24, 2006 1:20 am    Post subject: Reply with quote

I'm so glad to be Canadian. Everyone should just relax and move up north Razz
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CitizenCain
Message Board Junkie


Joined: 23 Oct 2006
Posts: 2022
Location: Behind a huge stack of chips.

PostPosted: Sat Nov 25, 2006 4:18 pm    Post subject: Reply with quote

Lord Bodak wrote:
You're right, but if Neteller decides to comply with US law (they don't have to, but they seem to be implying that they will anyhow), we'll lose them as the middleman. Until someone else steps up to the plate, no deposits.


Yeah, and I'd be worried if I didn't think we'd have a dozen new middlemen step up within hours of Netteller's closing. There are already about half a dozen big ones, and I doubt they'll all go away anyway.

Exif: I'm so glad I pay 50% less taxes than I would if I lived in Canada. :p

Go socialism.
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