As of this afternoon Pokerstars is now offering withdrawals to players in the United States. Emails have been sent out to some players, but as of now US Players may cash out their bankrolls from Pokerstars. It looks like there are check, e-check and bank wire options although there are differences now in the minimums required than before. According to Steve Day of Pokerstars on the Two Plus Two Pokercast you will only be able to cash out once. Tournament Dollars (T$) will be cashed out automatically with your withdrawal at a 100% conversion rate. This is obviously great news for players affected by Black Friday as it looked like it
might take weeks before withdrawals could be made by Americans.

Your cash out options: If you have under $1 after conversions you will be unable to cash it out at this time. From $1 to $99.99 you will be able to cash out via e-check. From $100 to $999.99 you can cash out via e-check or paper check sent via the mail. $1,000 to $9999.99 you can do an e-check, check via mail or Fed Ex. From 10,000 to $50,000 you can use those options plus a bank wire. Above $50,000 you must cash out via bank wire. FPP redemption and promotional value is in negotiation with the federal government.

Here is the email sent to players:

Dear xxx,

In light of recent developments, PokerStars is no longer offering real money play to residents of the United States of America and its territories.

The PokerStars Cashier is now available for you to cash out the funds in your real money account balance. We strongly recommend that you use the bank transfer option; to use it, you will need to have your current banking information at hand.

Please note that due to the expected high volume of cashout requests, we anticipate a delay in processing and delivery of your funds. Rest assured that your funds are safe and we will process your request as soon as possible.

Please contact paymentservices@pokerstars.com if you experience any issues.

Thank you for your patience and understanding.

Regards,

PokerStars Support

We will have more on this story as it develops.