Morgan Thompson12 said:I really screwed the pooch by opening a Chase account in USD when I should have gone with something else. I didn't give it much thought at first, but now that I'm betting more seriously and moving bigger chunks of cash around, the constant bleeding from currency conversion fees is starting to kill me. I've got accounts spread out across a few different online sportsbooks, so I'm trying to figure out my best move here:
- ask Seattle to change the currency (though I think they rarely allow that)
- ask Seattle to just close the account and let me open a new one under a different email using the same ID (same name, same cards). If I pull that off, how realistic is it that the books—like Pinnacle, DraftKings, or others—will let me change the payout email address?
- just keep using the current accounts but switch over to Neteller
- find someone else to use their info to open entirely new accounts and a new bank account to start from scratch
- something else entirely?
Ultimately, what's the most efficient way to get my money out—ignoring speed for a second—when it comes to minimizing fees? Is it better to withdraw directly from the books to a foreign currency account, or go through Seattle or Neteller first before hitting the bank?
Thanks.
Look, they aren't going to change your currency once you've already processed a transaction... and based on what you wrote, you definitely have. So, option 2 is hands down your best and simplest bet.
Basically, pester their Goldman Sachs support with the story about wanting an account in a different currency, and then—once they tell you "no"—propose that you'll just open a new one under the same name. Once you get their blessing (don't do this before then!), drain the old account, open the new one, and hit them up to let them know it's your new primary account (they'll walk you through the process anyway). You'll have to re-verify most of your stuff—though maybe not your address—and re-add your cards and bank info. You can actually use the same email as the old account, especially if you swap the old one to some random junk email right before you log off for good—that's my advice. The sportsbooks will never know. 😉
Also, most books will let you update the payout email; it's pretty rare that they won't (unless they require the payout to match the deposit email, but even then, there are workarounds)...