Bank of America

[MonteandMe]

Why would Bank of America deal in the Iraqi Dinar to other banks for their currency departments but not to Bank of America customers? By the way people are talking they are supplying a good number of other banks in this currency.

[Roninvestor]

I went to B o A in North Richland Hills,Texas Their foriegn currency book shows the dinar as tradeable, However, a call to the national foriegn trade department resulted in a "not trading at this time" Oh well, I tried.

[sun city]

I have read about BOA in several posts saying they deal the dinar.

Which BOA's do?

I can't find them. If you know of one please post.

[ThisWillBe]

I went to B o A in North Richland Hills,Texas Their foriegn currency book shows the dinar as tradeable, However, a call to the national foriegn trade department resulted in a "not trading at this time" Oh well, I tried.

When was the last time you talk to B o A about this??
Since we feel this will happen soon really want to get some opions on how to exchange this in?

[dollarsign]

Why would Bank of America deal in the Iraqi Dinar to other banks for their currency departments but not to Bank of America customers? By the way people are talking they are supplying a good number of other banks in this currency.

are they supplying BOA smaller branches, or rival banks? :wink:


:cash:

[wherbie]

BOA dosent sell direct...to people...but has been supplying chase for a long time....the one in texas...i believe...

.

[IGGY]

still... i would also like to know the awnser to the posters question

[ESEBMT]

Why would Bank of America deal in the Iraqi Dinar to other banks for their currency departments but not to Bank of America customers? By the way people are talking they are supplying a good number of other banks in this currency.

its a simple broker deal b.o.a. has the exclusive and can only sell to instutional banks of which chase has a deal with b.o.a.

chase can sell to the public it all normal securities lic deal

middle men middle men middle men

just like anybroker you buy from

[sunsetjet]

I think B.O.A. and Chase teamed up on this investment, chase has been international cougar on most overseas banking, and prob did not want to look to U.S. at the time as making money off the war.
JMO) they were sharing the risk.
they hooked up with Boa to buy, and made a pact to not sell only to Chase.
Chase was the first and only bank here in TX that I know of that sells the dinars.
take a peek at what chase bank does and who are the top dogs.
This has been discussed in other threads, so if you look up chase bank on the IIF forums you will find a lot of info.
JMO

[Taralon]

Went to BofA in my area. They looked up to see if the dinar was traded (probably FOREX), said it was not and therefore I cannot buy it from BofA. Wondering if I should press the issue with the bank manager.


hmmmm

[ThisWillBe]

Are any of the chase close to the NM border or does any one know of a Chase in AZ??

[tco]

I have an account with Bank of America but do you have to have an account with Chase in order to buy Dinars?

[if i was a rich man]

No, ordered mine from the teller and picked them up in 2 days.

[She's got the Jack?]

I ordered dinar from SunTrust bank...I don't have an account with them...They did say it was on a 3 week back order and they've only been allowed to start doing this 2mos ago

Just thought I'd share this info in case it helps anyone.