Cashing out Habits

[GeoffM]

Just wanted to get a general consensus as to when you guys request cashout cheques from neteller. Personally, I do it in $500 increments every time my account becomes greater than $1,000. I find that if I continue playing with a larger balance, I loosen up a bit too much. I therefore limit myself to $500 after a cashout.

Any thoughts on this? Not sure when you guys do your cashouts, but when you start to notice the neteller account rising, do you also notice yourself loosening up a bit and playing hands you have no business playing?

[Talking Poker]

I'm happy to say I play the same regardless of my online bankroll. I may play at higher/lower limits depending on the funds readily available to me, but my game stays the same. Yours should too.

[ChipFish]

I am curious to know how you pay neteller "Fees"?
Why not hook up a bank account and get it done for free?

I simply cash out at the end of the month anything over my starting bankroll.
Which in my case is $X.
On good months I cash out on the 14th also. (this is a good month. )

[GeoffM]

No, the fees I am referring to is the amount they take when you cash to them from a site. IE I lost $15 CDN despite being up $6 US on Party, due to the raise in the loonie and the neteller fee for the deposit from Party.

I could care less about the $3 charge for them to mail me a cheque if that is what you are referring to. But you know, is that bank account thing really stable. I am starting to think maybe I should do the same thing.

[Talking Poker]

What fee is this? Neteller never charges me to deposit cash into my account from a poker site.

[omahilo]

yeah Geoff Ive never had a fee like this either.

I usually get to 1,000 or 1,200 then cash out half of that then rebuild back up to that again.

[junYUN]

the only fee i have is the initial 8.9% when transferring from my bank to neteller, everything else is fee free.

i usually cash out the amount of my initial deposit as soon as i've doubled it (plus neteller fee) and then cash out when i need extra money. i dont know if this is the best way to do it, but it works for me.

[GeoffM]

James, will this not mess up UB? I'm not sure how often you're on there, but I thought once you deposited from a neteller account to UB, you cannot change the account.

[GeoffM]

OK, thanks Chip. I just figured out the problem. Their exchange rate is somewhere around .79, so I am losing .02 on the dollar. Not a significant amount but it does add up to $2 on every $100.

James, just curious, when depositing to and from your bank account, have you actually figured out that you are indeed getting the correct exchange rate with every deposit and withdrawal.

[ChipFish]

yep

[GeoffM]

Thanks ladies, got a new account in US funds. Now to hook up my bank account .