US Banks selling dinar????

[rolenpujols]

Can anyone confirm this, if so I would think this is positive news. Thanks



So far we have a few banks in the US that exchange dinar, as follows.

UMB bank in Kansas City http://www.umb.com (http://www.umb.com/)
Compass bank, various locations http://www.compassweb.coml (http://www.compassweb.coml/)


Hibernia Bank in South Louisiana also exchanges dinar.
1-866-442-3764

American Savings Bank in Honolulu. (808) 973-6211 Their servicing bank is BofA and all IQD sold and bought comes from and goes back to BofA (Chicago). Called yesterday and buy rate was 0.0061230 and sell rate was 0.00077840 (or 778 USD per mil). They only service account holders. Can request different IQD denoms, but they will not guarantee what you'll get when you place your order.

[coconut]

You covered the ones I knew about - Louisiana in NEW to me though - many thanks !!



Can anyone confirm this, if so I would think this is positive news. Thanks



So far we have a few banks in the US that exchange dinar, as follows.

UMB bank in Kansas City http://www.umb.com (http://www.umb.com/)
Compass bank, various locations http://www.compassweb.coml (http://www.compassweb.coml/)


Hibernia Bank in South Louisiana also exchanges dinar.
1-866-442-3764

American Savings Bank in Honolulu. (808) 973-6211 Their servicing bank is BofA and all IQD sold and bought comes from and goes back to BofA (Chicago). Called yesterday and buy rate was 0.0061230 and sell rate was 0.00077840 (or 778 USD per mil). They only service account holders. Can request different IQD denoms, but they will not guarantee what you'll get when you place your order.

[coconut]

USA banks as well as outside the US would be good to know about. Europe, UK etc. Someone was looking into Bank of Montreal (BMO) Canada since they are tracking Dinar on their International FX site.


Can anyone confirm this, if so I would think this is positive news. Thanks



So far we have a few banks in the US that exchange dinar, as follows.

UMB bank in Kansas City http://www.umb.com (http://www.umb.com/)
Compass bank, various locations http://www.compassweb.coml (http://www.compassweb.coml/)


Hibernia Bank in South Louisiana also exchanges dinar.
1-866-442-3764

American Savings Bank in Honolulu. (808) 973-6211 Their servicing bank is BofA and all IQD sold and bought comes from and goes back to BofA (Chicago). Called yesterday and buy rate was 0.0061230 and sell rate was 0.00077840 (or 778 USD per mil). They only service account holders. Can request different IQD denoms, but they will not guarantee what you'll get when you place your order.

[Lux]

Hibernia was the first bank ever known to "sell" dinar in the US. It was first posted here and discussed over a year ago on this Wells Fargo thread:
http://www.investorsiraq.com/rumors-speculative-debate/2407-info-wells-fargo.html#post26079


Compass was confirmed back in April of last year:
http://www.investorsiraq.com/rumors-speculative-debate/4933-buying-dinar-bank.html


UMB has been discussed (go to post 68):
http://www.investorsiraq.com/rumors-speculative-debate/11733-looking-confirmation.html
and discussed
http://www.investorsiraq.com/rumors-speculative-debate/11756-recent-umb-last-minute-meeting-re.html
and confirmed by Blondi
http://www.investorsiraq.com/rumors-speculative-debate/13896-bash-if-you-like-3.html


Hawaii - BofA connection was discovered by Dinar Lady last year:
http://www.investorsiraq.com/rumors-speculative-debate/11874-return-bubble-bursting.html
http://www.investorsiraq.com/iraqi-dinar/11512-bank-one-aka-chase-bank.html


Hope this helps!

:wave:

[rolenpujols]

Thanks, It will be interesting to read all the articles. I did think I tried a search on this subject but just didn't use the right wording. thanks again rolenpujols

[chexter]

Has anyone tried a different brank of Hibernia to see if they sell it or only in that specific branch? I have a Hibernia bank near me and wondering, was going to call today to ask but all banks are closed for holiday.

[coconut]

Anyone else have any input on this matter??? - please share if so.





Thanks, It will be interesting to read all the articles. I did think I tried a search on this subject but just didn't use the right wording. thanks again rolenpujols

[Jetsa]

Not confirmed but I have a sneaky suspicion that Compass is getting their Dinar stock from BoA also. Has been too many 3rd party rumors and much enuendo while at the Compass branches.

[chexter]

Well actually some lady at compass did tell me they were getting their dinar thru a partnership with BoA in a branch somewhere in california, She was a bit surprised that they were supplying compass but they themselves not selling the dinar.

[reconaz]

I also heard that Compass bank is getting them from BoA. I heard it from a BoA manager.

[dinarindestin]

They have quit selling dinar . That was in Florida,manager does not know why but thinks they had problems getting the volume they getting calls for.

[panhead]

They have quit selling dinar . That was in Florida,manager does not know why but thinks they had problems getting the volume they getting calls for.
Destin....please advise when they resume selling, Thanks!

[WOTA]

Fifth Third Bank told me that they exchange it but they do it through Brinks! Also that it would take up to two weeks to post to your account.

[Count Dinar]

Fifth Third Bank told me that they exchange it but they do it through Brinks! Also that it would take up to two weeks to post to your account.


Someone from Fifth Third told you that? I ask my fifth third rep. (downtown Chicago) and he looked at me like I was smoking something. I'm not saying that they don't exchange it, I'm just wondering what department the person was that you talked to. I would like to get someone from fifth third tell me that. It would be great considering I could close my bank of america account, as I thought they might be the first to start exchanging it. Should be interesting though, I'm going to try again.

[inquisitive]

What kind of rates WOTA? Buy??....Sell?? Interesting....They are a very conservative bank.

[delo0073]

Does anyonr know of any banks in California that sell?

[RET]

Thought this was interesting since I have an account with BoA. When I cash in some day, I'd be depositing $ into my accounts (plural) with BoA ...

This article pertains to that specific geographic area, especially because it lays in an area that is known for lots of drug traffic. But I wonder if actually pertains to everyone else outside that area (Ie: nationwide). I would think so.

http://www.ky3.com/news/2430596.html



'They're monitoring everyone's activities.'

SPRINGFIELD -- The revised Patriot Act just passed by Congress has provisions that might bring your banking practices under scrutiny. The checks you write and the deposits you make are all are under a microscope as a way to try to keep America safe from terrorists.

"We're automatically at high risk,” said Empire Bank vice president Cindy Harding, a fraud investigator.

Banking with a federally insured bank means you're now being monitored under the Patriot Act.

"Everybody in southwest Missouri, in Springfield, in Christian County, is considered high risk because it’s designated like that by the feds for drug trafficking,” said Harding.

If a large amount of cash appears in an account, or a large amount of money is moving through an account, that could trigger concern

"If we can't determine why, we're required to fill out a suspicious activity report," said Harding.

That report contains a customer’s personal information and what he or she is suspected of doing. The bank is also forbidden under the Patriot Act to tell a customer that he or she was flagged. The information is then turned over to federal investigators.

[Lonestar]

That report if I am correct is required for anything over 5000 dollars no matter where you are or what bank you bank at in the US. I believe it is part of the Patriot act as you said but someone more knowledgeable in banking could confirm this. I am not a banker but did work for aperiod as a car salesman and our finance department was required to report any downpayments larger than 5000 dollars and any cash sales exceeding that. It seems some involved in 911 bought cars cash and this would have flagged them.

[blondi]

DOES ANY ONE HAVE A BANK CONTACT IN MICHIGAN , THAT WILL CONVERT ,ONCE IT GOES ON THE MARKET ?:wave:

[v1rotv2]

Bank Of America should be exchanging dinar when it hits the world market. I am sure there is a branch somewhere in MI.

[blondi]

MY FRIEND JUST BOUGHT HER 1ST MIL ,SHE LIVE'S IN MI. SHE IS CHECKING ON LASALLE BANK :wave:

[m_doiron]

When I read in this thread that Hibernia in Louisiana was exchanging dinars. I discussed it with my friend/coworker, who called the Hibernia in New Orleans. He was informed that becuase he has a Hibernia account in Sulphur (near Lake Charles, LA), he could exchange dinars through his local account. They will transfer funds to New Orleans, which gets its dinars through Bank of America.

Louisiana is always, ALWAYS behind the curve on almost everything (except food LOL). Surely there are other US banks that do the same, so why is there still talk on this forum about bank accounts in Iraq like warkaa??

I'm a newbie to this forum, and I've read alot since I joined, and I'm trying not to elicit the "ire" of the elders about "read the threads for months before asking questions already covered".

Mark

[Lux]

When I read in this thread that Hibernia in Louisiana was exchanging dinars. I discussed it with my friend/coworker, who called the Hibernia in New Orleans. He was informed that becuase he has a Hibernia account in Sulphur (near Lake Charles, LA), he could exchange dinars through his local account. They will transfer funds to New Orleans, which gets its dinars through Bank of America.

Louisiana is always, ALWAYS behind the curve on almost everything (except food LOL). Surely there are other US banks that do the same, so why is there still talk on this forum about bank accounts in Iraq like warkaa??

I'm a newbie to this forum, and I've read alot since I joined, and I'm trying not to elicit the "ire" of the elders about "read the threads for months before asking questions already covered".

Mark
Welcome Mark

Our apologies if we've ever come across as not being helpful with questions.

Though we would hope that our members would utilize the search tools provided, please feel free to ask any questions regarding anything relevant to investing in Iraq.

I am trying to develop so a better reference tool for all of us, but this will take some time and the help of our members.

:wave:

Lux

[bill9811a]

Blondi post what you find out I live in Monroe MI National City Bank will not exchange Dinar there foreign money exchanges are done thru FL

[blondi]

I WILL EMAIL MY FRIEND IN MI. AND ASK IF SHE DID THE FOLLOW UP ON LASALLE BANK ,WILL LET YOU KNOW WHAT I FIND OUT :happy26:

[Triem1]

There was a rumour going around that BofNS was selling IQD. Not trusting rumours, I called my banker and he said that BofNS was definately selling IQD. :happy64:

Cost to purchase 1 mil IQD is $8.00

When the IQD hits the FX Market we can sell 1mil for $2.00

I trust this helps the Canucks on this forum

[red]

Bank of Nova Scotia sells dinar. I know this for sure.

[coconut]

Bank of Nova Scotia sells dinar. I know this for sure.


I have contacts there - will call Monday for details.

[goldraker]

There was a rumour going around that BofNS was selling IQD. Not trusting rumours, I called my banker and he said that BofNS was definately selling IQD. :happy64:

Cost to purchase 1 mil IQD is $8.00

When the IQD hits the FX Market we can sell 1mil for $2.00

I trust this helps the Canucks on this forum

You say $ 8.00 is the buy rate, is that Iraqi rate + $ 8.00
Like 1478 or 670.00 a million + $8.00

Can you tell me, how much they are selling 1 million for?

Is this in Canada?

:happy64: :wave: :happy64:

[BABYBULL24]

They will transfer funds to New Orleans, which gets its dinars through Bank of America.


Have no idea if this true but it seems like all roads lead back to Bank of America in the US and they aren't talkin. Why would they broker dinar to banks in the US and laugh at customers who call them and ask about the dinar?:D

[Keonee's Kash]

My friends are buying their dinar at Associated Bank in Oshkosh, WI. I don't know how much they are paying. They have told me that they order one day and pick it up the next day.

[coconut]

There was a rumour going around that BofNS was selling IQD. Not trusting rumours, I called my banker and he said that BofNS was definately selling IQD. :happy64:

Cost to purchase 1 mil IQD is $8.00

When the IQD hits the FX Market we can sell 1mil for $2.00

I trust this helps the Canucks on this forum

Can you PM me or post what branch you called - I have friends that can purchase over there - many thanks!!!!!!!!!!!!!!!!

[F355]

gets their Dinar from Bank of America. I called BNS's regional office to inquire about their price...I asked them who their supplier was and they responded "Bank of America."

[goldraker]

I do not understand this, how are they able to do this? Because right now it's illegal to take out anything over 100,000 NID/IQD. So how are they able to sell the dinar?

:shhh:

[m_doiron]

Welcome to Bushworld, where individuals play by different rules than corporations.

[TiredOfWork]

Welcome to Bushworld, where individuals play by different rules than corporations.
Oh, for cying out loud, give it a break before the Clinton news starts hitting this thread and completely derails it. Take it to the Politics forum if you want to start that. :no:

I remember reading a while back that there were bank to bank transfers being permitted, but I can't find the thread. It could have been somewhere else, but I thought that's how the banks were getting the physical dinar.

[WilliamMunny]

I do not understand this, how are they able to do this? Because right now it's illegal to take out anything over 100,000 NID/IQD. So how are they able to sell the dinar?

:shhh:

The answer is ArtVIII was signed in Aug/Sep 05, and the announcement
was embargoed. This has been done many times in the history of the IMF,
and there are IMF links you can find to support this.

[m_doiron]

Tired, I used "Bushworld" as a synonym for corporate wealth and power (but your political views are noted).

[mike sl600 canada]

SCOTIA BANK, now you tell me, ive been ordering from the states by mail probably paying too much when i could have just walked into scotiabank, i know where im getting my next order from, i assumed no banks in canada delt in dinar, i could have saved a bunch of money.

[Triem1]

Sorry about that but I just found out myself and my bank is BofNS..go figure!

[coconut]

Sorry about that but I just found out myself and my bank is BofNS..go figure!

I had a friend call Scotia Bank this AM (it was open) and they could not find any ref. to IQD for sale. No rates - nothing. The closest they could come was the Indian Rupee (alphabetical I presume).

Could you provide more details so I can send it back to them - they want to buy direct from a bank in Canada.

I do know for a fact that B of A is a clearing house for Scotiabank on all/most foreign currency transactions (including US) so it all makes sense.

Get back ASAP - PLEASE!!!

Many thanks.

[F355]

SCOTIA BANK, now you tell me, ive been ordering from the states by mail probably paying too much when i could have just walked into scotiabank, i know where im getting my next order from, i assumed no banks in canada delt in dinar, i could have saved a bunch of money.

You have to call the main branch, not necessarily a local one. If you are in Ontario, try the main branch in Hamilton (905) 528-7501...they will tell you they have to call their supplier (BoA) in the U.S. & will get back to you with a quote on the price...they will arrange to have the Dinar sent to their branch...you make your arrangements from there...good luck!

[meninblack]

This guys link is for an affiliate site. Beware.

[homy]

What type of buy/sell rates are being offered?

[Lux]

This guys link is for an affiliate site. Beware.

Thank you MIB

We pulled the post.

[Waiting in WI]

This guys link is for an affiliate site. Beware.

See what you mean, didn't actually hit the link as it was spelled wrong so I figured it wouldn't work.

How can that be. I went to the Associated Bank website and sent an email to their contact us address?

Very curious. Now I will definitely be making a visit to a local Associated Bank.

[Waiting in WI]

So this all made me call my local Associated branch and talk to a teller. The teller said yes they do sell dinar. You don't walk out of the bank with the dinar they send for it and there is an $18 fee for it, and it is registered mail. Also stated that there is a bank at Mitchell Airport (Milwaukee) that will do an exchange there but didn't give me the name. This would make sense as we have several groups of military that are in and out of Iraq and they are located near Mitchell airport.

Think I will dig around a little more when I leave in a few weeks for vacation. Will talk with the banks at the airport while I'm waiting to leave. Might even take along a couple of dinar to show the need for exchange.

I am sorry about the other site that popped up. Figured since it was spelled wrong nothing would pop up and that it was a type (naive I guess.) I did speak with a person this time and was told yes. Now just need to check out Mitchell Airport.

[Waiting in WI]

Just received via email

"***,

Effective for March 27th, we do longer offer the selling or buying of Iraqi Dinar. We apologize for the inconvenience.

We have assigned a case number to this inquiry: **********. To help us better assist you, please refer to it in future communications regarding this issue. Please feel free to contact us at contactus@associatedbank.com if you have additional comments or questions. You may also reach us via your eAccess Message service or by telephone at 1-800-682-4989. (Mon-Fri 7AM - 7PM / Sat 8AM - 4PM CST).

Thank you for banking at Associated. We value your relationship.

Jackie
Online Banking Specialist"

Don't get it. Will follow up with a visit to local branch and Mitchell Airport.:confused:

[Keonee's Kash]

I just called my friends in Wisconsin. They were the ones that were buying their dinars at Associated Bank for the last year. They were told last Friday that the bank will not be selling the dinar anymore. They have a Dinar Investment Club going on for 2 years now. One member asked the bank why they stopped selling the dinar. The lady at the bank told her that it had something to do with Jafari and the future of the dinar being revalued. The bank will be waiting for this information and will then decide to sell the dinar at a higher price. Please don't shoot the messenger, I'm only telling what I heard.

[Jetsa]

GAH just got off the phone with the local Hibernia bank branch I WAS going to open an account with to purchase some Dinar. Besides being clueless about the whole conversation, the assistant bank manager was rather snooty and I came across with the impression of having been talked down to. Nuts and bolts of the conversation was (she had to call their interational department to get me any info) that you have to purchase a minimum of 1.25 mil Dinar and the purchase price is $1135 with a $40 fee, $20 for the transaction and $20 for overnight carrier fees. She also said the minimum purchase requirement was subject to change, even by Thursday as that was the day I was planning on going in to set up my account. I also got the impression that some people may have taken advantage of Hibernia because she said that there would be another fee IF I were to close my account with them early (what does early mean?) She said she would find out that info on the fee and let me know Thursday when I came in. I think I may have brought this last part on myself when I told her I was coming in to open an account with the sole purpose of being able to buy Dinar. My bad...

Couple of things here...I dont have a calculator in front of me at the moment but isnt that selling price somewhere around 1000/1? Why this high rate? I understand being in the business of making money but this rate seems a little out of the ordinary, at least to me it does. I havent shopped around to any dealers as I only purchased from 1 dealer ever and it was a scary deal for me. I feel really safe buying from an American bank but dont know if I want to get taken through the ringer just to feel secure. Are other dealers raising their rates lately or is this just a bank trying to capitalize on the situation? Anyone...?

[REITman]

I just called my friends in Wisconsin. They were the ones that were buying their dinars at Associated Bank for the last year. They were told last Friday that the bank will not be selling the dinar anymore. They have a Dinar Investment Club going on for 2 years now. One member asked the bank why they stopped selling the dinar. The lady at the bank told her that it had something to do with Jafari and the future of the dinar being revalued. The bank will be waiting for this information and will then decide to sell the dinar at a higher price. Please don't shoot the messenger, I'm only telling what I heard.

Shoot the messenger!??? I'll kiss the messenger if this is true! Dinar revalued is what we want!

[v1rotv2]

If the CBI is independent of the government, I am wonder just what Jafaari has to do with this reval? Is it that the reval could just be waiting on the announcement of a PM? Not suggesting, just clueless.

[Keonee's Kash]

REITman,

That word came from the bank employee - REVALUED. Makes a person wonder!!!

[Triem1]

I had a friend call Scotia Bank this AM (it was open) and they could not find any ref. to IQD for sale. No rates - nothing. The closest they could come was the Indian Rupee (alphabetical I presume).

Could you provide more details so I can send it back to them - they want to buy direct from a bank in Canada.

I do know for a fact that B of A is a clearing house for Scotiabank on all/most foreign currency transactions (including US) so it all makes sense.

Get back ASAP - PLEASE!!!

Many thanks.

Call the following phone # and ask for Dale (a lady) she knows what is happening.

The Bank of Nova Scotia, 111 Hunter St., Peterborough, ON 1-705-748-2886

[REITman]

REITman,

That word came from the bank employee - REVALUED. Makes a person wonder!!!

The word REVALUED is ok with me. It's what I'm waiting to hear.

[Texas_dinar]

I just called my friends in Wisconsin. They were the ones that were buying their dinars at Associated Bank for the last year. They were told last Friday that the bank will not be selling the dinar anymore. They have a Dinar Investment Club going on for 2 years now. One member asked the bank why they stopped selling the dinar. The lady at the bank told her that it had something to do with Jafari and the future of the dinar being revalued. The bank will be waiting for this information and will then decide to sell the dinar at a higher price. Please don't shoot the messenger, I'm only telling what I heard.

Hmm interesting. was it here that i read that compass bank stopped selling for the same reasons about a month back?:huge:

[Count Dinar]

REITman,

That word came from the bank employee - REVALUED. Makes a person wonder!!!


Actually No, that word came from your friend. You did not physically hear the bank employee tell you that. Not that I am discrediting your friend or what he heard, but a lot of rumors start like that. " I've got a friend who heard from his brother's half-mother's step child that Jafarri is going to revalue the dinar". I mean I'd be as happy as the next guy if it were true. No one in the normal peon day to day workings of the bank is going to know anything about a reval. They're becomming speculators just like us, sometimes it's hard to see the forest from the trees.

CD

[Jetsa]

Compass never gave a reason I don't think.

[Waiting in WI]

Follow-up on reason for discontinuing sales.

-----Original Message-----
From: **************
Sent: Thursday, March 30, 2006 11:25 AM
To: Contact Us
Subject: Re: About Associated


Jackie,

Upon receipt of my first email response, I called my local branch to
discuss this issue with them and was told they could accommodate me,
although it would take a few days to get the product. Due to the
second email received from you I have not gone there as of yet.

May I ask the reason why you will not be selling or buying anymore?
Will you be selling them again in the near future? What would the
exchange rate be for the purchase? Is there a bank that would be able
to accommodate the request in person or must they all be mailed?

Thank you for you help with this matter.

Response given:

***,

Thank you for your reply. As of Monday, March 27th, Associated Bank office
locations will not be able to purchase or exchange Iraqi Dinars due to a foreign
currency vendor change. Our new vendor does not offer the Iraqi Dinar as a
foreign currency to obtain or exchange. We apologize for the misinformation
given at our branch office.

Since we no longer offer Iraqi Dinar, we are unable to provide an exchange rate.
You may check with other financial institutions that do still offer the Iraqi
Dinar for purchase and exchange, however, we do not have a listing of these
financial institutions.

We have assigned a case number to this inquiry: **********. To help us better
assist you, please refer to it in future communications regarding this issue.
Please feel free to contact us at contactus@associatedbank.com if you have
additional comments or questions. You may also reach us by telephone at
1-800-682-4989. (Mon-Fri 7AM - 7PM / Sat 8AM - 4PM CST).

Thank you for banking at Associated. We value your relationship.

Jackie
Online Banking Specialist

[Waiting in WI]

Said I would check on Mitchell Airport. Only bank that I saw there was M & I Bank. Sent the following email and received the following response.

Sent to M&I via Internet Contact Us:

In speaking with a teller of a local bank that sells/buys Iraqi Dinar they stated that a branch at General Mitchell Airport would be able to handle a transaction of this sort at their branch.

I am inquiring to find out if this is the only branch that will handle Iraqi Dinar? Are other branches in the Milwaukee area able to sell/buy Iraqi Dinar?

Please advise. I currently am seeking a bank in this area that can help me with this transaction as well as regular daily activities.

Thank you in advance for your attention to this matter.

Reply received:

Dear XXX,

Thank you for your e-mail. You should be able to get foreign currency, including Iraqi Dinar, at the 770 N Water St branch downtown as well. There probably aren't too many other branches that offer this service, but if you call the 770 N Water St branch at 414-765-7500, they should be able to tell you of any other branches that offer this service.

I hope this information has been helpful. If you have any further questions, Pam, please call us 24 hours a day at 1-888-464-5463. You may also reach us by e-mail anytime at mibank@mibank.com. Have a nice day.

Sincerely,

Steven Roller
M&I Direct

Introducing M&I Online Statements! Get your personal checking, savings, and money market account statements in writing - without the paper. They're fast, safe, and convenient. To learn more, visit mibank.com/onlinestatements.

Keeping your personal information private and secure is very important to us. If you have a question that requires the sharing of confidential information such as social security numbers, passwords or account information, please sign on to your M&I Online Banking account at mibank.com and submit your inquiry via the 'Message Center' or call us directly at 1-800-236-9265.

[Switchgear]

Has anyone heard of any banks in Florida buying or selling dinar?

[jesusfan]

I haven't ever posted but I thought I'd drop a note to your post. I spoke to a gentleman in the foreign exchange dept. at M&I Bank in Madison, WI this past summer regarding this investment. He said that he had a couple of accounts already set up with people that had invested in the iraqi dinar and seemed very open to talk about this investment. He said that this was the best investment that anyone could invest in but it's a waiting game. He said that the Madison branch would be able to handle the transaction when the time came for it to be exchanged at the new reval price. I ended up calling them back with a different question and the lady that answered didn't seem as open to talk about it. I just thought I'd add my two cents. God's timing is always best!

[Waiting in WI]

Had to go out of town this weekend and decided to check in person on the M&I Bank at Mitchell.

Originally when asked about the dinar she said they did not sell it. I explained my email responses so she made a call to another branch. The person she spoke with said they just started selling dinar (maybe the ones in this area just started). They will sell to those that have an account.

The rate was .00077

Asked if they would also purchase them back, she said yes they would.

[Packtoad]

WOW, This is a great development fo rteh midwest.

I am in Illinois and haven't checked Chase yet. They used to be Bank One here.

I have a safe deposit box full.

Go Dinar !!

Go Iraqi people,........"Here is your Freedom, Preserve it if you will"- Ben Franklin

:happy64: :happy64: :happy64:

[m_doiron]

Packtoad,

I contacted Chase online and asked a general question about exchanging dinars through their bank. Their response was to contact my local bank for info, which I haven't yet had time to do - I want to go in, instead of call - I hate being forwarded all over the place.

Please post if you find out anything concerning Chase, and I'll do the same.

Mark

[Laurali]

That report if I am correct is required for anything over 5000 dollars no matter where you are or what bank you bank at in the US. I believe it is part of the Patriot act as you said but someone more knowledgeable in banking could confirm this. I am not a banker but did work for aperiod as a car salesman and our finance department was required to report any downpayments larger than 5000 dollars and any cash sales exceeding that. It seems some involved in 911 bought cars cash and this would have flagged them.
I'm curious. If such a report is required for anything over $5000, then they must have a mile high pile of reports just for us folk that work overseas and have our pay directly deposited into our accounts byour employer (ie KBF, Parsons and other stateside companies)

[Laurali]

That report if I am correct is required for anything over 5000 dollars no matter where you are or what bank you bank at in the US. I believe it is part of the Patriot act as you said but someone more knowledgeable in banking could confirm this. I am not a banker but did work for aperiod as a car salesman and our finance department was required to report any downpayments larger than 5000 dollars and any cash sales exceeding that. It seems some involved in 911 bought cars cash and this would have flagged them.
I'm curious. If such a report is required for anything over $5000, then they must have a mile high pile of reports just for us folk that work overseas and have our pay directly deposited into our accounts byour employer (ie KBR, Parsons and other stateside companies). What about if you are employed by a middle eastern company?

Maybe I misunderstood your statement and it's pertaining to just deposits of foreign currency exchanges?

[WOTA]

What kind of rates WOTA? Buy??....Sell?? Interesting....They are a very conservative bank.
Sorry it took so long to respond.
Okay the employee who told me this was a branch manager/teller.
I contacted 53.com and asked them to verify this but i never got a response. If I remember, i will call them this week to see if i can ge a confirmation.

[WCKDinar]

nk we all need to start calling local chase and other major banks and posting the results on this forum. Things may heat up soon and this infor will be helpful to many. Good luck

[IQDman]

Has anyone received any info...on where I can Exchange Dinars in the Southern California Area...preferably Los Angeles County.

Many Mexicans Exchange Pesos there.:)

[cory]

Has anyone received any info...on where I can Exchange Dinars in the Southern California Area...preferably Los Angeles County.

Many Mexicans Exchange Pesos there.:)
chase in hollywood or beverly

[fproano]

Does anyone know if I can buy Iraqi Dinar in NYC without having to open up a check account with Chase or some sort of bank and if so where in New York can I do this transaction?

[MC Dig]

chase in hollywood or beverly

Do you have addresses or phone numbers for these branches. I went to Chase's web site and used their branch locator and it did not bring anything up for Los Angeles.

Thanks

[oldskiier]

ALL CHASE BANKS ARE DEALING IN IRAQI DINAR .....my branch just gave me the rates of $767.60 to sell it to me.....& $626.90 to buy it from me :)...13 th East & 8600 South Sandy, UT .....

:happy64:

[oldskiier]

Do you have addresses or phone numbers for these branches. I went to Chase's web site and used their branch locator and it did not bring anything up for Los Angeles.

Thanks


Chase

(213) 430-4100

1200 W 7th St
Los Angeles, CA 90017

[MC Dig]

Chase

(213) 430-4100

1200 W 7th St
Los Angeles, CA 90017

Any listings for Chase I have found in internet searches including the above # and address, are loan centers or offices for other financial services. I spoke to a guy at the above number and he said there are no branches in CA.

I heard somewhere someone got Dinar from Wachovia - has anyone heard of this?

[MsT]

Chase Personal Banking Investments Credit Cards Home Auto Commercial Small Business Insurance (http://www.chase.com/)

There is a branch locator on this site at the top left side... Hope this helps...
Have a great day...

[IQDman]

Any listings for Chase I have found in internet searches including the above # and address, are loan centers or offices for other financial services. I spoke to a guy at the above number and he said there are no branches in CA.

I heard somewhere someone got Dinar from Wachovia - has anyone heard of this?


That Guy must be Uninformed because I found a ...
'Chase and Manhattan BANK' In Manhattan Beach...
on Pacific Coast Highway...off of THEIR Map Search!

a BANK! Branch!

However...he is correct about the rest being loan offices...
so far I haven't checked the ones in Hollywood and Beverly Hills.

You can find a 'Map Location Search Guide' on The OFFICIAL CHASE Site...
I found it using the Search in my Browser.:huge:

[Stout Hearted Man]

I just bought a half-million dinar from Chase for $383.00
It took only two days to get. I have a Safe Deposit Box there too, so its one-stop-shopping for me. :lmao:

[John Jay]

Interesting links

Trade Bank of Iraq: Opportunity Amid Challenges (http://www.jpmorganchase.com/cm/ContentServer?c=TS_Content&pagename=jpmorgan%2Fts%2FTS_Content%2FGeneral&cid=1102380206843)

http://www.jpmorganchase.com/cm/BlobServer?blobtable=Document&blobcol=urlblob&blobkey=name&blobheader=application/pdf&blobwhere=jpmorgan/cash/pdf/tbiraq.pdf:)

[richceo]

ALL CHASE BANKS ARE DEALING IN IRAQI DINAR .....my branch just gave me the rates of $767.60 to sell it to me.....& $626.90 to buy it from me :)...13 th East & 8600 South Sandy, UT .....

:happy64:

is that 18% to turn in dinar? not goo at math if it is they are cutting deep.

Rich

[oldskiier]

is that 18% to turn in dinar? not goo at math if it is they are cutting deep.

Rich

well the Iraqi exchange rate is about $685 a million.....so probobly closer to 5-8 % when we cash in :)

[mike brown]

any main chase bank branch will sell you. the only difference is if you have an account or not. there is a $5.00 service fee if you do not have an account. .0007676 is the buy rate nation wide, and is usually available for pick up the next business day. also, do not call them because more than likely they will tell you they do not deal in dinar, but rest assured if you walk in, it is a 5 minute process to order....

[richceo]

well the Iraqi exchange rate is about $685 a million.....so probobly closer to 5-8 % when we cash in :)

$685.00 if you were in Iraq? well I would pay 5- 8 % if i did not have to go there to get my money. convenience does have a price.

Rich

[Betty]

I e-mailed Wells Fargo last week asking them if they are or will be exchanging the Iraqi Dinar in the near future. This is the reply I just received. What do you think????

Betty



Dear xxxxxxxxxxxxx

The Treasury Department has established restrictions that prohibit offering services for the following restricted countries: Balkans, Belarus, Burma/Myanmar, Ivory Coast, Cuba, Iran, Iraq, Liberia, Libya, North Korea, Sudan, Syria, and Zimbabwe.

Wells Fargo provides many foreign exchange services. For more information about our foreign exchange services please visit www.foreignexchangeservices.com

Thank you for banking with Wells Fargo.

Sincerely,
Kristin Haslam
Wells Fargo
Online Customer Service

[PapaPark]

What I don't understand is why there are restrictions from the Treasury Dept for Wells Fargo and not for Chase

[lglwzrd]

wells fargo cant be trusted

[oldskiier]

wells fargo cant be trusted


:lmao: :lmao: :lmao:

[buck74]

They are probably reading from a list that is five years old.

[oldskiier]

I e-mailed Wells Fargo last week asking them if they are or will be exchanging the Iraqi Dinar in the near future. This is the reply I just received. What do you think????

Betty



Dear xxxxxxxxxxxxx

The Treasury Department has established restrictions that prohibit offering services for the following restricted countries: Balkans, Belarus, Burma/Myanmar, Ivory Coast, Cuba, Iran, Iraq, Liberia, Libya, North Korea, Sudan, Syria, and Zimbabwe.

Wells Fargo provides many foreign exchange services. For more information about our foreign exchange services please visit www.foreignexchangeservices.com (http://www.foreignexchangeservices.com)

Thank you for banking with Wells Fargo.

Sincerely,
Kristin Haslam
Wells Fargo
Online Customer Service

Just got off the phone with Wells Fargo foreign currency dept....I was told that this person who sent this ..is wrong...and that thier policy was that, when it becomes more profitible they would deal in it ........:wave:

If you have questions, please call:

800-626-9430

Monday through Friday, 7:00 a.m. to 6:00 p.m. Pacific Time
Saturday 8:00 a.m. to 2:00 p.m. Pacific Time

[LakewayDaze!]

I e-mailed Wells Fargo last week asking them if they are or will be exchanging the Iraqi Dinar in the near future. This is the reply I just received. What do you think????

Betty



Dear xxxxxxxxxxxxx

The Treasury Department has established restrictions that prohibit offering services for the following restricted countries: Balkans, Belarus, Burma/Myanmar, Ivory Coast, Cuba, Iran, Iraq, Liberia, Libya, North Korea, Sudan, Syria, and Zimbabwe.

Wells Fargo provides many foreign exchange services. For more information about our foreign exchange services please visit www.foreignexchangeservices.com

Thank you for banking with Wells Fargo.

Sincerely,
Kristin Haslam
Wells Fargo
Online Customer Service



You guys are exactly right. All this is due to some poorly paid bank teller too lazy to actually look into it because they think we are insane for investing in a country we are at WAR with. LOL

I know we are not at war with IRAQ so I don't need a lesson. I was told this very thing by a teller at BOA a few weeks ago....

Don't worry they will all fall in line when we need them to. :drunk:

[oldskiier]

You guys are exactly right. All this is due to some poorly paid bank teller too lazy to actually look into it because they think we are insane for investing in a country we are at WAR with. LOL

I know we are not at war with IRAQ so I don't need a lesson. I was told this very thing by a teller at BOA a few weeks ago....

Don't worry they will all fall in line when we need them to. :drunk:

I wonder how the ladys boss would feel if he knew I had 50 million dinar I would like to depsoit with them .............:wave:

I bet the confersation would have gone more like this..." Well sir right now we are not dealing in Dinar, however when we do, we would sure like to be of assistance to you :)

[44special]

wells fargo cant be trusted
Since I am in Alaska, we don't have many choices. Went into Wells and they said that they aren't currently buying or selling dinar but gave me an 800 number for further investigation of future possibilities. Needless to say, I got the run around but the man I finally spoke with did tell me that there was a "rumor" some time ago on the Iraq forum web site suggesting that they did. I came home and searched the forum and found nada. Most of these people are clueless. Was hoping you might elaborate on your comment if it is worth while? :cool:

[Teslyn]

Early last year I remember a specific rumor that Wells Fargo would be the premere bank for dealing with dinar.

If I recall, it was proven wrong back then and hasn't been mentioned since.

I once was going to open an account with them, but I didn't like their fees, or their customer service, so I went with Boeing Credit Union and will probably bank with them for the rest of my life. . . . . though I am fairly certain they will not be able to help me with the NID when it gains any decent value.

Ah well, can't have everything, they are after all only stupid bankers.:drunk: