I’ve covered this in previous posts as a side note but the main reason is that any offshore bank that starts doing tons of US citizen transfers is going to catch the attention of US regulators. You should also be aware that you are required to report foreign bank accounts which means that if you also fail to report your income from poker you’re a prime target for a very ugly audit.

Bill

From the Neteller site:

Why can’t I perform Peer-to-Peer transfers anymore?

In order to ensure that US members do not use NETELLER with the intent to gamble online, NETELLER is no longer offering its Peer-to-Peer service in the US.

Why isn’t my account certified anymore?

US member accounts have been temporarily de-certified to revoke Peer-to-Peer capabilities. These accounts should be automatically re-certified in the next 10 business days, but Peer-to-Peer transfers will no longer be available to US members.

Why has my NETELLER account been closed?

If you recently performed a Peer-to-Peer transfer, your account may have been temporarily closed. Your account should be automatically re-opened within 5 business days, but you will no longer be able to perform Peer-to-Peer transfers.

Question: Why not offshore bank accounts for US Citizens? Isn’t there a bank somewhere willing to benefit from a huge groundswell of new accounts?

Seems to me that for their standard $10 monthly fee, plus a one-time “$25 US Citizen fee” or some such nonsense, a ligitimate bank in Ireland or Spain or Belgium would set this up. All they would have to ask to prove some standing of credit is that you make a bank transfer of $x from your US bank to get things started.