Cashiers Check

They don't call your bank. It can be done online. Global is the company Borgata in AC uses.
It's instantaneously encumbered from your home bank. I have checked my account on my phone immediately to see that my available balance is smaller.
Quote

Originally posted by: friedmush
Quote

Originally posted by: treegirl
Quote

Originally posted by: friedmush
By the way, you can cash a personal check at Harrahs for any amount (that funds are available) and no need to set up account in advance.


This seems to be the winning answer.
Why are other options still being thrown our there?
No fees, your bank, your personal check.



This is fourth or fifth time a thread like this has played out exactly as this one has. I must be on everyone's ignore list. Lol


I'll never ignore you.


I wonder when friedmush is going to chime in.

Quote

Originally posted by: flyingelvis
Is it a good idea to take a cashiers check instead of carrying a lot of cash and will the hotel I am staying at cash a 7k to 10k dollar cashiers check?
Quote

Originally posted by: Roulette Man
Why not get the cashier's check at your home bank, fold it, put it in your shoe, unfold it in Vegas, and cash it at the bank in Vegas?
DonDiego says: "Cash is King."

Heck, . . . right there, printed on each banknote it says: "This note is legal tender for all debts, public and private." Nobody doesn't accept cash in Las Vegas.

There's lots of advantages to cash. Instead of taking a cashiers check, folding it, and putting it in one's shoe, . . . why not just put $5000 cash in each shoe? That way one would look taller. Or one could roll the cash into a wad and place it on one's person so as to exhibit a bulge; just remember if flyingelvis places the wad down his trousers, he should place it in the front, not the back.

The only downside to cash is if one loses it. So, . . . DON'T LOSE IT! There's all sorts of belts and pouches and stuff-like-that one can wear to transport cash safely, . . . and inconspicuously. And then flyingelvis needn't worry about who will or won't cash whatever financial instrument he would otherwise be carrying.

Oh, . . . wait! There is one other downside.
Any financial transaction involving currency (i.e. cash) of $10,000 or more will require flyingelvis's bank to file a Currency Transaction Report (CTR) reporting it to the Internal Revenue Service (IRS). flyingelvis does not have to do anything, the bank will just file the CTR; and the CTR doesn't mean flyingelvis has done anything wrong, . . .or is guilty of anything, . . . or is suspected of anything. The bank won't even notify flyingelvis that they're doing it. It'll just happen. Oh, . . . and the bank may file a CTR on transactions under $10,000 if it wants to.
If flyingelvis were to try to avoid issuance of a CTR by splitting his proposed $10,000 cash transaction into, say, four separate transactions of $2500 over a few days, . . . then flyingelvis would be committing the crime of "structuring" to avoid the CTR; the bank might well issue a Suspicious Activity Report (SAR) detailing the inappropriate behavior.
Oh, . . . and by the way, . . . casinos also file CTRs and SARs on cash transactions of $10,000 or more (singly or "structured") occurring in a single day.

DonDiego says: "Don't worry, . . . be happy." As long as flyingelvis is not engaged in money-laundering or other nefarious activities he has nothing to worry about. Of course he will be on a list at the IRS, . . . so maybe he'd best not make a habit of cash trips to Las Vegas. But just this once should be fine.





With that amount you should contact a host who will likely fall all over themselves trying to assist you with a credit line and a few other perks.
Too bad Banks don't have hosts.
Quote

Originally posted by: alanleroyII
Too bad Banks don't have hosts.


Bank of America does.
PS. Cash is King!
How about a debit/credit card? They are quite popular in these days of the "new normal".
I wrote a check once(forget where, some casino I think) and they cashed it right there. They handed it back to me and I asked why because I had no clue. I knew it was good and they said it got paid right there, zipped through same machine and printed everything on the back just like the bank does and that was my cancelled check. This was a while back and it only happened that one time to me. Hmmm, thinking about it now, maybe it was some experimental thing, 'cause I've never seen it since. Hell, I dunno.

J
Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now