I took my first withdrawal from the poker account last week, and by the time it hit my bank, three or four intermediary banks had taken a piece and I had lost $32 of the $250 I transferred. Pretty much sucks. I'm pulling out another $500 via paper check, and we'll see if that works better (if slower).
One of the reasons that I don't want to keep all of my winnings online is the murky nature of the poker/banking laws, and my fear that the U.S. government might choose (again) to start seizing online poker accounts, essentially freezing the funds. So, from now on, I will only keep online enough to withstand a bad session loss, and no more.
Speaking of poker laws, this week congress delayed enforcement of the UIGEA act until 6/1/2010, which is great news for poker players. If you don't know, the UIGEA was a last-minute bill thrown into effect by GW Bush right before he left office, basically making it illegal for banks to accept transfers from 'gambling', including horse racing, poker and anything else. For a while, this made sites turn away U.S. players and threw the whole prospect of playing poker online into muddy waters. With this six-month delay, that allows time for Barney Frank and his cohorts to push through their challenges to UIGEA and hopefully get it repealed altogether.
Now if we could just do something about Chris Gregoire...
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