Current through September 2, 2024
Section 11.04.01.975 - DEBITS TO AN ACCOUNT01.Debits to an Account. Debits to an account are made as follows: a. Upon receipt by the advance deposit wagering operator of an account wager, the advance deposit wagering center debits the account in the amount of the wager; orb. For fees for service or other transaction-related charges by the advance deposit wagering operator.02.Account Withdrawals. An advance deposit wagering operator may authorize a withdrawal from an account when one (1) of the following exists: a. The account holder of an account appears personally at the advance deposit wagering operators location and provides the following:i. Proper identification;ii. The correct secure personal identification code; andiii. A properly completed and signed withdrawal slip.b. The account holder sends to the advance deposit wagering operator a properly completed and signed withdrawal slip by any means, electronic or otherwise.i. Upon receipt of a properly completed and signed withdrawal slip, and if there are sufficient funds in the account to cover the withdrawal, the advance deposit wagering operator must, within five (5) business days of its receipt, send a check to the account holder. The check is payable to the holder of the account and in the amount of the requested withdrawal.ii. If funds are not sufficient to cover the withdrawal, the account holder will be notified in writing and those funds in the account will be withdrawn and sent to the account holder within the five (5) business day time period. Electronic funds transfers may be used for withdrawals in lieu of a check at the discretion of the account holder and the advance deposit wagering operator subject to the same conditions described for electronic funds transfer credits.c. The advance deposit wagering operator may close accounts in which there has been no activity for at least six (6) months, returning funds remaining therein to the account holder at his principal residence address.d. In the event an account holder is deceased, funds accrued in the account will be released to the decedent's legal representative upon receipt of a copy of a valid death certificate, tax releases or waivers, probate court authorizations or other documents required by applicable laws.Idaho Admin. Code r. 11.04.01.975