Lets see how many accounts opened in Warka BanK

[Monty]

Yehh... yehhh...

I received email today AM regarding opening of accounts. They did it. I requested savings accounts (Dollar and Dinar) to start with. That’s what I got. Turnaround time for me is 2.5 days. YMMV

Kudos to Marilyn. You have one more admirer, me. Thank you.

:happy64: Monty :happy64:

[Part-timer]

you opened 2 savings accounts...one IQD and one USD?

G

[Monty]

That's correct.

Monty :happy64:

[Part-timer]

:happy64: outstanding...working on doing the same.

G

[SwansonHomes]

Did you open one at Warka? That is where you email them your DL and signature?

[BRYAN]

Yehh... yehhh...

I received email today AM regarding opening of accounts. They did it. I requested savings accounts (Dollar and Dinar) to start with. That’s what I got. Turnaround time for me is 2.5 days. YMMV

Kudos to Marilyn. You have one more admirer, me. Thank you.

:happy64: Monty :happy64:
Was that 2.5 from time you sent info or after the forms were sent with the deposit ??

[Monty]

Hi Bryan, its 2.5 days from the time I sent required documents by email (pdf files: 1. DL, 2. Required authorization, 3. Specimen signature). As I said YMMV. Very brief email stating account numbers and advise in regards to transferring funds.

Tony, No, I did not yet and no mention regarding minimum amount. Definitely don’t want to send small amount ($500-$1000) as fees will eat up initial amount (wire transfer/fedex, exchange fees and so on).

SwansonHomes, thats correct. Its at Warka. Look for Marilyn posts here in this board. You will get all the details. She is great.

As of now, it did not cost me anything. I guess once you start wire transfer, fees will start incur.

Monty :happy64:

[Northof48]

So I'm getting ready to do the same. Can you tell me what to send for signature? What is attested? Do they need a witness?

Did they give any indication when we can trade?

[bkewl]

Here's what I did. I sent this yesterday and am waiting to hear back.

1) scanned driver license
2) inserted the image into MS Word document
3) typed the following:

I ---------------- authorize Al-Warka Investment Bank to draw from my
Dollar account ( current or saving ) in the above Bank and exchange the
Dollar into Iraqi Dinar according to price fixed by the Central Bank of Iraq
at that day , and then deposit it in my Iraqi Dinar account at the said
bank.

4) I specified that I wanted a Savings Account opened in my name
5) I included my name, address, phone number
6) printed it out
7) signed it
8) scanned it back in
9) attached it in an email and set it on it's way

That's it.

[Northof48]

Thank You.

[Monty]

Northof48,

You attest your own signature. As long as you are sending your DL which should show your signature anyway, you should be fine. What I did is sending in 3 different documents as pdf files.

1. Scanning of DL.
2. Authorized letter signed and scanned
3. Specimen signature with name, address and phone number scanned.

Then convert them into pdf files if you have software. If not, insert them into word document. As a precaution print these, look how they are. You are all set.

Monty :happy64:

[Northof48]

Northof48,

You attest your own signature. As long as you are sending your DL which should show your signature anyway, you should be fine. What I did is sending in 3 different documents as pdf files.

1. Scanning of DL.
2. Authorized letter signed and scanned
3. Specimen signature with name, address and phone number scanned.

Then convert them into pdf files if you have software. If not, insert them into word document. As a precaution print these, look how they are. You are all set.

Monty :happy64:

Thanks. My only access to a scanner is a commercial guy and he will put them in jpeg format. Can I just insert these into a word document? I'm a bit challanged as you can see. Thanks.

[bkewl]

Create an email saying you want to open an account at Warka bank. Inser the jpg file and state: The attached file contains your drivers license, authorization letter and signature.

I'd think that would suffice.

[nubain45]

Do you recommend opening the accounts with Monty? Obviously, if I deposit 5k USD, I would want the majority of it in Dinar.....say 4k in the Dinar account and 1k in the USD account. Am I tracking here?

Fred

[joec]

My question to all of you who have opened accounts is this:

How many of you have actually wired money over there so far? How smooth is the process? How did you go about doing it? Please enlighten me!

Once I have these details I will think about sending my personal info over to these people.

[Monty]

Hi Fred, You can certainly open accounts with me. LOL. Seriously, I did open accounts with them. The rationale is of course first intent to get ready for ISX, but secondly the way I see is I will get 1460 Dinars per dollar, which is much better than any present deals (in fact it's best deal). Just for investment of 4k, you will get 1.2 mil additional Dinars and if you invest 20k, you will get 6.3 mil additional Dinars compared to other deals. These are approximate numbers. Imagine even if you get extra 5 mil for investment of 20k(after expenses) and if it opens up at 100 Dinars to 1 dollar (conservatively speaking) 6 months from now or when ever it opens up internationally, you will make $50k extra.

Joec, No I haven't send money yet. Sent an email with few general questions. After I get response, I will initiate transfer. As you can see, R (Warka bank official) is extremely busy. She is very helpful and answers all questions.

The first person I see on this board turnaround time 1 day, for me its 2.5 days and it appears its little longer now. It might become even longer as days go by. Make sure, if you decide to apply, to send all required documents in one email or Fedex.

Monty :happy64:

Disclaimer: Neither recommending nor against this investment. It is risky at some level like any other investments. Use your judgment.

[minigirl]

[QUOTE=Monty]3. Specimen
QUOTE]


LOL for a minute there, I was going to say, man, they require ALOT! :lmao:

[BRYAN]

Hello all, recieved a e-mail asking me for the current or savings < I underlined but must not have appeared . I responded and hopefully it will be completed today !!!! YEA ! :happy64: I will wire money to them on monday once I recieve my account # I thank Marilyn for all her help , and Thank you Monty for comfirming the time to set up the accounts . :happy64: :wave:

[minigirl]

woo hoo Bryan! :)

Speaking of... is this the same bank????

http://www.alwarkabank.com/index.html

I just noticed this on another thread now - I wasn't aware of the site before. :drunk:

[BRYAN]

Answer: It won't be long now !!!!! refering to the bank account set -up .
I'm happy that I didn't wait any longer . I dislike lines and delay's , but I must say that Ranadda is an efficient person at her job if she is all lone to set up new accounts from the added influx of work !!!!

[minigirl]

Answer: It won't be long now !!!!! refering to the bank account set -up .
I'm happy that I didn't wait any longer . I dislike lines and delay's , but I must say that Ranadda is an efficient person at her job if she is all lone to set up new accounts from the added influx of work !!!!


I might be screwed - i can't find my DL, and I don't want to have to wait weeks for a new one. grrr. I know what I'LL be doing this weekend! :no:

[BRYAN]

I might be screwed - i can't find my DL, and I don't want to have to wait weeks for a new one. grrr. I know what I'LL be doing this weekend! :no:
That s____s , I guess you need a messanger service . Do you have a passport , or mabey a notorized document with your siginiture and picture - check cashing card , or mabey a state id or college ID ??

[minigirl]

That s____s , I guess you need a messanger service . Do you have a passport , or mabey a notorized document with your siginiture and picture - check cashing card , or mabey a state id or college ID ??


nope, nothing else with my picture. I'm sure I'll find it. eventually. lol

[BRYAN]

Don't get a speeding ticket !! :huge:

[minigirl]

Don't get a speeding ticket !! :huge:

I don't speed! :no: I have kids, so I drive as slow as some old man...wearing a cap. Ever notice that? Old guys in hats drive slow... lol

I always buckle up too! :wave:

[BRYAN]

I don't speed! :no: I have kids, so I drive as slow as some old man...wearing a cap. Ever notice that? Old guys in hats drive slow... lol

I always buckle up too! :wave:
Excellent I pleased to hear that there are safe drivers :wave: !!

[heather]

I don't speed! :no: I have kids, so I drive as slow as some old man...wearing a cap. Ever notice that? Old guys in hats drive slow... lol

I always buckle up too! :wave:


LOL..I've never noticed that but we a high rate of old timers driving out here in AZ ..So..I'm gonna pay attention to that and see if I notice the same thing...LOL

[Marilyn]

This is all wonderful news.
We have created an entire culture here. It's truly amazing.

Mini, your DL is very important, make sure you advise the DMV that it's missing. Identy theft has gotten so bad in this country that GWBush just signed into law some real stiff penalties.

Gonrats Bryan ! Monty ! You are well on your way to being ISX moguls !

[minigirl]

LOL Heather, old SNOWBIRDS in hats! That's probably even worse! hehe

Marilyn - I know it's in this house somewhere... lol... it's lost somewhere IN the house. I have 3 kids, so who knows, maybe it got flushed. But I'm betting it's in a coat pocket or purse I've not used for a while or something. Thanks for worrying about lil ol me tho! :)

[Monty]

LOL, Minigirl. You are awesome. I see you everywhere!!

As per accounts, look for any official document. I imagine your employee identification should be fine. Meanwhile ask R, what other official documents are acceptable.

As per DL, you better find it. You definitely don’t want to be stopped without it. They are not going listen for anything.


Monty :happy64:

[minigirl]

LOL, Minigirl. You are awesome. I see you everywhere!!

As per accounts, look for any official document. I imagine your employee identification should be fine. Meanwhile ask R, what other official documents are acceptable.

As per DL, you better find it. You definitely don’t want to be stopped without it. They are not going listen for anything.


Monty :happy64:

:o :) thanks Monty! Good news, I DID find my DL - laying on top of the mantle! duh. lol

[Psycho for Dinar]

I don't speed! :no: I have kids, so I drive as slow as some old man...wearing a cap. Ever notice that? Old guys in hats drive slow... lol

I always buckle up too! :wave:

That hat wouldn't be a cheese head would it??? :lmao:

[minigirl]

That hat wouldn't be a cheese head would it??? :lmao:

LOL either that or a vikings cap. The irritating migration into Phoenix in the winter comes from MN/WI! LOL

[BRYAN]

woo hoo Bryan! :)

Speaking of... is this the same bank????

http://www.alwarkabank.com/index.html

I just noticed this on another thread now - I wasn't aware of the site before. :drunk:
Yes mimigirl , the letter that was sent to us is posted on a prior thread . But I'm glad to see you found your DL, It won't take you too long to get set . :wave:

[Northof48]

So is everyone comfortable with sending copy of their passport? Somehow I am not. However, my DL doesn't have my curent address so I may use the passport anyway.

[bkewl]

Seems like Warka was having some problems... but apparently everything is working now.

Dear Mr. xxxxxxx,
thank you for your e-mail dated July 22 , 2004 and i'm so sorry for the
delay , i faced some problems in the internet .
your dollar saving account no is : xxxxxx .
your Iraqi Dinar saving account no is : xxxxxx .
Best regards .

International Relationship Department
R

Now I need to figure out how to wire some USD....

[nubain45]

mid-term investing in the ISX. It should stabilize after a couple of months and the stocks should take off as the result of investment compounded by the > in value of the dinar. Double-edged profit.

If there is a serious political turnaround (going back to fundamentalism) that will take time to develop, grow, and become prominent enough to gain popular support to enabel a take over of the government. I am sure the US will intercede if we are supported by the arab world and the standing government. Popular insurrections take time.......2, 3 years? In the mean time, I will watch my interests closely and pull them if things get questionable.

[Rick]

Has anyone who already has an account at Warkaa received anything other than account numbers yet, like bank routing information (ABA routing #)?

I don't know, maybe I'm chicken, but businesses who use hotmail and yahoo email accounts spook me.

Different subject now- - I went to NBK in Kuwait City this morning and was told I have to have a civil ID number to open an account with them. Does anyone know of a way around that?

[Marilyn]

Got mine today !!!!

Can't wait to wire the funds! Heading to the bank today.... :happy64:

[Rick]

I have everything ready to send out, but just couldn't bring myself to send it to a free email account :D

Thanx a mil :happy26:

My stuff will go out in a few minutes.

Thanx

[minigirl]

Got mine today !!!!

Can't wait to wire the funds! Heading to the bank today.... :happy64:

Marilyn - how did it go? :)

[minigirl]

Well, except for the fact that I just noticed they mistook me for a dude, everything is going good for me to get set up with Warka - going to send tomorrow. I don't have a scanner, so it's off to Kinko's I go. I think I'll wear a trenchcoat and dark glasses just for fun. :happy26:


> Dear Mr. Marx,
> Thank you for your e-mail dated July 21, 2004 .
> Thank you for choosing our bank to be your
> assistance for your financial
> needs in Iraq, and it give us a great pleasure to
> deal with you in our bank

[diva]

lol glad i'm not the only mister

[BRYAN]

Got mine today !!!!

Can't wait to wire the funds! Heading to the bank today.... :happy64:
Marilyn : What branch are you sending it to and how do you check to see if it arrived into your account ? I tried to e-mail Warka -Via R to ask for more instructions . I feel that I should have recieved more directions and or instructions on HOW TO : monitoring and access to these accounts , transfer between branches ? . Do you know how to access your account with the #'s that were given to you , and where to look at the account on a web-site ?? Because I don't know how to with my account #'s either ???? :confused: I don't want to send any amount of money! anywhere! without knowing that it arrived safe & secure .Please let me know if anyone else has recieved an answer or asked the same/ similar questions and got a response ??

[BRYAN]

I,m waiting to verify the account numbers that were sent to me from Waraka@hotmail . Call me paranoid , but I just want to be sure all this is real and authenic . I have sent a e-mail to the main Bank Branch in Bagdad , Iraq Inquiring if this account was indeed set up for me, if this is current account and who else may have access to this account ? I will post the response I recieved . I also e-mailed Warka@hotmail and asked if she would provide the information I had asked from the main branch . I want to see if the information from both of them to match for proceedures and security measures . I hope this isn't a scam . :confused:

[Marilyn]

I sent it to Bagdad, via Jordan.

Their phone number is on the website.



Warka Services---

Current Account
This is a non-interest earning account that caters our clients in both local and foreign currencies.


Saving Account
This is a flexible interest earning account that allows the client to enjoy competitive interest rates that are usually credited on a monthly or semi annual basis.

Term Deposit
A relatively long-term interest earning account that caters for the client’s long-term financial objective (Available in both local & foreign currencies). It allows the client to fix their deposits for a certain time period (Starting from one month and more), while enjoying competitive Interest rates. Our financial consultants are readily available for guidance.

Certificates of Deposit (CD)
The bank offers Certificates Of Deposit (Available in Iraqi Dinar and US Dollar) at a predetermined rate, amount, and a specified maturity date. The Certificate is versatile in its flexibility of allowing the bearer to exchange his/her bill to another party. The bearer can qualify for credit facilities by holding his/her certificate as collateral.


Financial Brokerage Services at Iraq Stock Exchange
Our long established experience of our Brokerage Financial office at Iraq Stock Exchange, manned by a highly professional team of experienced brokers and officers with a great insight into the Iraqi Stock Market, caters for all investment requirements and portfolio management.


http://www.alwarkabank.com/index2.html

[Monty]

Once again You did it, Marilyn. Let us know how it goes. I am waiting for few clarifications.

Monty :happy64:

[gilkman]

I got mine! Now I need to figure out how to wire them some cash... :happy64:


-----Original Message-----
From: Warka Bank Warka Bank [mailto:warkabank@hotmail.com]
Sent: Sunday, August 01, 2004 2:47 PM
To: XXXX@XXXXXXX.net
Subject: account no

Dear Mr. XXXXXX ,
Your saving Iraqi Dinar account no. is : XXXXXX .
Your saving Dollar account no. is : XXXXXX .

Best regards .

R

__________________________________________________ _______________
Help STOP SPAM with the new MSN 8 and get 2 months FREE*
http://join.msn.com/?page=features/junkmail

[iraqidinar2005]

I was just checking the contact page for warka bank and noticed they no longer have their hotmail account posted...Just thought I would point it out...

[fsm75]

I got mine! Now I need to figure out how to wire them some cash... :happy64:


-----Original Message-----
From: Warka Bank Warka Bank [mailto:warkabank@hotmail.com]
Sent: Sunday, August 01, 2004 2:47 PM
To: XXXX@XXXXXXX.net
Subject: account no

Dear Mr. XXXXXX ,
Your saving Iraqi Dinar account no. is : XXXXXX .
Your saving Dollar account no. is : XXXXXX .

Best regards .

R

__________________________________________________ _______________
Help STOP SPAM with the new MSN 8 and get 2 months FREE*
http://join.msn.com/?page=features/junkmailHow long did it take to get the account open.

[Monty]

Hey gilkman, Welcome to the club.

Monty

[jayboz]

Received my dinar and dollar savings account numbers today. Will wait to hear more feedback from others before I go wiring any money to them. If anyone hears anything, please spread the news! :drunk:

[Aunt Gwennie]

Received my dinar and dollar savings account numbers today. Will wait to hear more feedback from others before I go wiring any money to them. If anyone hears anything, please spread the news! :drunk:

Just wondering....how long did it take you to hear back from them that they had received your documents? I sent my documents around 9 am their time yesterday. I know they are probably overwhelmed with these types of requests to set up new accounts....just wondering how long it was before they acknowledged receiving your info. And then how long was it before you got your account info?

Thanks for your input!!! Aunt G :wave:

[jayboz]

Just wondering....how long did it take you to hear back from them that they had received your documents? I sent my documents around 9 am their time yesterday. I know they are probably overwhelmed with these types of requests to set up new accounts....just wondering how long it was before they acknowledged receiving your info. And then how long was it before you got your account info?

Thanks for your input!!! Aunt G :wave:

I sent the info on 7/29/04 at 8am EST and received the account numbers on 8/1/04 at 6am EST. So they received it late Thursday night their time and had the account numbers sent late in the work day Monday (their time). So seeings how their weekend is Friday-Saturday it took them about a day and a half work time to get the account numbers to me. Not bad seeings how Miss Rannda is overwhelmed with work. Now I just need to figure out how to wire money to them and a little reassurance it is a safe thing to do. Hope this helps Aunt G! :)

[jayboz]

Just wondering....how long did it take you to hear back from them that they had received your documents? I sent my documents around 9 am their time yesterday. I know they are probably overwhelmed with these types of requests to set up new accounts....just wondering how long it was before they acknowledged receiving your info. And then how long was it before you got your account info?

Thanks for your input!!! Aunt G :wave:

Forgot to tell you Aunt G! I did not receive any confirmation of my email. Just a return email with my account numbers. Good luck! :)

[Part-timer]

:happy64: :happy64: :happy64:
sent documentation 8/1/04 @ 9:30 pm central time.

Dear Mr. xxxxx ,
Thank you for your e-mail dated August 3, 2004.

Your saving Dollar account no is : $$$$$$
Your saving Iraqi Dinar account no is : $$$$$$

Best regards .

R

now my question about wiring USD>>>i already have all the wiring instructions per R from a previous email, but wondering about the information i give to my bank. i'll be using one of the Amman, Jordan banks to wire thru...and i do have all the wiring instructions for those banks...so do i just include instructions to the Amman, Jordan bank that i use to wire the money on to my saving Dollar acct # with Warka bank in iraq. sorry if this seems a bit elementary, but remember i'm from alabaaaama :huge: i'm surprised i have gotten this far!!! just want to get it right the 1st time. any help would be appreciated.
THANK YOU ALL FOR ALL THE INFO AND WONDERFUL POST
i don't post alot, but every spare minute i have i'm reading what you all have to say.

[iraqidinar2005]

All,

I know I am a day late and a dinar short in posting this precaution, however, I think it is informative for all future individuals requesting a bank account.

If I am not mistaken, Al Warka's fax number was posted somewhere on this forum. I recommend all that are going to open a bank account do the following.

1) Take $20-$50 dollars as applicable with you. (I don't know the rates)
2) Gather necessary documents, i.e. license, signed Warka form and everything else required.
3) Take a trip to Mail Boxes Etc or similar service store (That is the only one I remember while I was in the states...Damn I need to get back home...LOL)
4) Photocopy the items needed and FAX the documents.

I would never email my info for a number of reasons. Identity fraud being second on my list. (You figure it out).

You are providing at a minimum:

1) Your SSN.
2) Your address.
3) And who knows what else.

Once you scan it and put it into a digital format on a computer connected to the Internet. Consider it public knowledge.

I have worked in the industry for a long time. I am aware of the legal ramifications. I am aware of the lawsuits.

The following is a good rule of thumb to live by:

Never post or email anything you wouldn't want posted in the USA Today, The Wall Street Journal, or the New York Times.

I don't care how good your firewall is or how confidential your ISP company policies are, they have the lawyers, you don't.

Never put your info on a computer connected to the internet.

Buy cheap, second computer for your taxes, finances and such. Do not connect it to your LAN just because it is convienient. "Sneakernet" info to your "offline" secondary computer by using floppy, burned CD or USB Storage Device.

EW

[IrishNight]

:happy64: I got my acct. numbers from Miss R yesterday afternoon! All ready :happy64: Miss R is very pleasant, respectfull, efficient, & an overall great person to deal with. Thanks again! :happy64:

[arh777]

Naval Facilities Engineering Command (NAVFAC), through its forward-deployed Officer in Charge of Construction (OICC) detachment in Iraq, has processed what is believed to be the first electronic funds transfer (EFT) to the Iraqi bank account of an Iraqi construction contractor. The groundbreaking payment was made in October to a contractor building a new dining facility for the Iraqi National Guard.

http://www.portaliraq.com/shownews.php?id=634