Warka put wire transfer service temporarily on hold

[anele]

Dear Warka Clients,


As we have entered the end of our fiscal year preparing and finalizing our finances and budget please note that outgoing wire transfers (EFT) service will be temporarily put on hold until the new financial year begins in January 2010 in accordance with standard practice and protocols.


We thank you for your fine cooperation assisting us in best serving our clients starting a great 2010 business and financial year.


Best regards,


Operations Team

Warka Bank for Investment and Finance

http://www.warka-bank.com/inner.php?type=3&id=57

[RoyalBeluga]

Did they do this last year? Does this include debit and credit card transactions too or is it specifically wire transfers?

[sunrock]

Did they do this last year? Does this include debit and credit card transactions too or is it specifically wire transfers?

Never..............

[sunrock]

Dear Warka Clients,


As we have entered the end of our fiscal year preparing and finalizing our finances and budget please note that outgoing wire transfers (EFT) service will be temporarily put on hold until the new financial year begins in January 2010 in accordance with standard practice and protocols.


We thank you for your fine cooperation assisting us in best serving our clients starting a great 2010 business and financial year.


Best regards,


Operations Team

Warka Bank for Investment and Finance

http://www.warka-bank.com/inner.php?type=3&id=57


I thought Mr I just said it was coming on line now!!!!

[bahamapilot10]

Can someone assist me in setting up a warka account? with IQD and USD
? I am willing to pay...whoever can help me please...it is hard to do from here in the bahamas

[RoyalBeluga]

Never..............

So one would assume 'something' is going on? That E-Remittance feature is STILL not working, I remember them doing that before but not for this long and now this announcement :smoke:

Myself I don't care what it is they're about to do just as long as they actually do something :giggle:

[tmorr37]

Can someone assist me in setting up a warka account? with IQD and USD
? I am willing to pay...whoever can help me please...it is hard to do from here in the bahamas

We will do it for free

[dinali's]

does anyone know the going annual rate for the online access, if there is one?... And do you have to wait until you wire money in order to submit the online access form? Any help would be greatly appreciated:)

[sunrock]

Can someone assist me in setting up a warka account? with IQD and USD
? I am willing to pay...whoever can help me please...it is hard to do from here in the bahamas

are u trying to do?

[MrCain82]

does anyone know the going annual rate for the online access, if there is one?... And do you have to wait until you wire money in order to submit the online access form? Any help would be greatly appreciated:)

I recently was given online access to my Warka account for 20000 IQD a year, which is about $17. And to answer some other poster's question that I read, Yes, one must FIRST wire the money using one of the corresponding banks (I used Citibank NA) to Warka, then after the wire has been received Warka will deduct their 20K IQD fee and deposit the remainder in your IQD account.

REMEMBER: Send an authorization note, authorizing Warka to move money from your USD account to your IQD account. Also there is a $150 minimum balance that must be left in your USD account. So add that to whatever amount you're going to be wiring.

[dinali's]

Awesome, thank you for your help!... :clapping:

[Big.V]

I can still transfer into my accounts? No?:thinking:

[junnito]

I send money to my Warka account late yesterday, and received it in my USD account this morning. Then use the transfer to the IQD account with out any problem....
I also send Mr. I an email letting him know to expect the wire… hope it helps….

[Big.V]

I send money to my Warka account late yesterday, and received it in my USD account this morning. Then use the transfer to the IQD account with out any problem....
I also send Mr. I an email letting him know to expect the wire… hope it helps….


Aha, super. You did yesterday, thanks for info. Haven't wired any here of recent, so it helps. Cheers

[RoyalBeluga]

what this actually means is that warka have control over your money and will have the power not to release it

could you imagine a rv then all customers withdrawing in a short time of each other

this would wreck warka bank

so they have stopped this feature

So you are saying Warka have stopped this feature to stop people withdrawing their millions because it's going to RV? :rolleyes:

[pirata]

So you are saying Warka have stopped this feature to stop people withdrawing their millions because it's going to RV? :rolleyes:

Thats the way,That it sounds to me.Because think about it,In a case of RV most of people who has money overthere will request a wire transfer back,So it will bleed the country.Anybody agree?? :rock::rock:

[RotaryRevn]

i wonder if warka has any intentions of supplying online access for free

[Seaview]

Thats the way,That it sounds to me.Because think about it,In a case of RV most of people who has money overthere will request a wire transfer back,So it will bleed the country.Anybody agree?? :rock::rock:
Get a grip. It states until the new year.

[Seaview]

Aha, super. You did yesterday, thanks for info. Haven't wired any here of recent, so it helps. Cheers
Agree. It clearly states outgoing transfer wires.:yes:

[24mm exposed grid]

Good ole Warka. Looking out for our interests again. They clearly don't want anyone to miss out on the big Christmas RV.

Wouldn't want to cash out just before it all goes 1:1

[RoyalBeluga]

Good ole Warka. Looking out for our interests again. They clearly don't want anyone to miss out on the big Christmas RV.

Wouldn't want to cash out just before it all goes 1:1

Not sure we'll ALL fit in it :giggle:

http://1.bp.blogspot.com/_vb9je99wZFA/SFi0sxp_-jI/AAAAAAAAAPk/qN06f5i4MJ8/s320/1978VolkswagenWestfalia-jun14.jpg

[MarkOne]

Good ole Warka. Looking out for our interests again. They clearly don't want anyone to miss out on the big Christmas RV.

Wouldn't want to cash out just before it all goes 1:1

:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl::r ofl:

Shame On YOU! You know this will get them started on a Christmas RV! Now, instead of sitting up all night waiting for Santa, they're going to be sitting up all night waiting for the Magic of Christmas RV!:bigsmile::bigsmile::bigsmile::bigsmile:

Bad 24mm!

[MarkOne]

why would you want to if you cannot transfer it out ????????


Probably because they want invest in some very profitable Iraqi companies, banks, and/or hotels and make A LOT of money or at least earn a high rate of interest on their IQD with a Warka CD... probably not as smart as keeping under their bed and crossing their fingers though!

[English Bob]

Thats the way,That it sounds to me.Because think about it,In a case of RV most of people who has money overthere will request a wire transfer back,So it will bleed the country.Anybody agree?? :rock::rock:


pirata...............I would leave myn there...............just bring yearly interest back :yes:

Then just pay tax on the interest as income!:yes:

EB

[Big.V]

why would you want to if you cannot transfer it out ????????


Probably because they want invest in some very profitable Iraqi companies, banks, and/or hotels and make A LOT of money or at least earn a high rate of interest on their IQD with a Warka CD... probably not as smart as keeping under their bed and crossing their fingers though!


Because I want to continue wiring 2x month, and yes to make more :wave:

[English Bob]

Good ole Warka. Looking out for our interests again. They clearly don't want anyone to miss out on the big Christmas RV.

Wouldn't want to cash out just before it all goes 1:1



Only 1 : 1............:crying: :crying: :crying: :crying:

[Big.V]

Only 1 : 1............:crying: :crying: :crying: :crying:


LOL it will be fine, next move = 1000 to 1 LOL

[pirata]

:lipssealed::yes::yes:
pirata...............I would leave myn there...............just bring yearly interest back

Then just pay tax on the interest as income!

EB

Good idea; Mi amigo :yes::yes:

[teddysalad]

Any word on when the E remittance will return?

[trusty]

Dear Warka Clients,


As we have entered the end of our fiscal year preparing and finalizing our finances and budget please note that outgoing wire transfers (EFT) service will be temporarily put on hold until the new financial year begins in January 2010 in accordance with standard practice and protocols.


We thank you for your fine cooperation assisting us in best serving our clients starting a great 2010 business and financial year.


Best regards,


Operations Team

Warka Bank for Investment and Finance

http://www.warka-bank.com/inner.php?type=3&id=57



This was posted on Warka news on December 16, 2009.

Not sure why it is re=posted at this time?

Will be on Warka news again Dec. 2010.

Trusty