Thx 8OR9. Interesting and somewhat concerning.
"...A good idea is to buy some Travelers checks and/or money orders and hide them in your shoes if you are planning on taking a long car or train ride to a casino or somewhere else...."
Excellent ideas. Its also a good idea to check with your primary bank as they often have low limits on their max allowance for money orders(I went years without knowing this as I never purchased a MO or travelers chk). Many federal credit unions will not charge for money orders so if low max for M.O. (say 500 or 1000) then not a problem as we can purchase as many as we need.
Many banks will also allow for a temporary increase on our debit card if one calls ahead and requests an increase in daily load/ withdrawals for the next 7 days,...etc. People going on vacation, gambling,...etc.
Other options to get around carrying large sums of cash:
I researched this a few years back due to my increase in gambling trips as well as playing in smaller markets with smaller casino chains.
A)Try to bank at a regional or national bank system in your primarily gambling-destination towns. Bank of America, Jp Morgan Chase,..etc.
B) Visa or MCard preload debit cards. Even better if they can be loaded at a Walmart or Walgreens pharmacy(locations everywhere).
C) Pay attention to not only fees (for loading and or withdrawl) but also note daily limits. Also, if you think you may want to transfer back and forth between say your main bank and say paypal(research this before selecting the best card for you.)
A few that I have used in the past/present:
Brinks debit card
Paypal MC debit card
Netspend debit card
They all have upper deposit load limits (15000), accepted everywhere, and high daily load/withdrawl-transfer limits(<=5000 per day). They may have low daily atm limits--though we shouldnt need (or want) to withdraw via atm anyway. Our (at least my) goal is for avoiding carrying large sums of cash(via car or plane.
*Netspend allows up to 7500 daily deposit
Continued Success,
"...A good idea is to buy some Travelers checks and/or money orders and hide them in your shoes if you are planning on taking a long car or train ride to a casino or somewhere else...."
Excellent ideas. Its also a good idea to check with your primary bank as they often have low limits on their max allowance for money orders(I went years without knowing this as I never purchased a MO or travelers chk). Many federal credit unions will not charge for money orders so if low max for M.O. (say 500 or 1000) then not a problem as we can purchase as many as we need.
Many banks will also allow for a temporary increase on our debit card if one calls ahead and requests an increase in daily load/ withdrawals for the next 7 days,...etc. People going on vacation, gambling,...etc.
Other options to get around carrying large sums of cash:
I researched this a few years back due to my increase in gambling trips as well as playing in smaller markets with smaller casino chains.
A)Try to bank at a regional or national bank system in your primarily gambling-destination towns. Bank of America, Jp Morgan Chase,..etc.
B) Visa or MCard preload debit cards. Even better if they can be loaded at a Walmart or Walgreens pharmacy(locations everywhere).
C) Pay attention to not only fees (for loading and or withdrawl) but also note daily limits. Also, if you think you may want to transfer back and forth between say your main bank and say paypal(research this before selecting the best card for you.)
A few that I have used in the past/present:
Brinks debit card
Paypal MC debit card
Netspend debit card
They all have upper deposit load limits (15000), accepted everywhere, and high daily load/withdrawl-transfer limits(<=5000 per day). They may have low daily atm limits--though we shouldnt need (or want) to withdraw via atm anyway. Our (at least my) goal is for avoiding carrying large sums of cash(via car or plane.
*Netspend allows up to 7500 daily deposit
Continued Success,