WARKA teams up with CITIBANK!

[RotaryRevn]

I'd sure love to Rotary, but none close to me unfortunately...

That's alright Billy, I'm sure there are alot of guys here that do live close to Citibank. I'm just curious, I'm sure that the info on this partnership will only get better. It will be nice to hear from a few people what they have found out.

[RoyalBeluga]

go to the warka bank website and add an external beneficiary, ( I think you are prompted there to add another password so you can send money to an external bank account)

takes about two weeks

No, I've added external beneficiaries already but it didn't ask me to create a password. All I can see is change Login password and change Transfer password the only problem IS you have to enter an OLD password to create a NEW one, I don't have any transfer password at all. How do I get one?

[Will-it-happen?]

No, I've added external beneficiaries already but it didn't ask me to create a password. All I can see is change Login password and change Transfer password the only problem IS you have to enter an OLD password to create a NEW one, I don't have any transfer password at all. How do I get one?

i've always had a transfer password

I think I got it when I set up my first external beneficiary (need it for internal beneficiarys too)

[RoyalBeluga]

i've always had a transfer password

I think I got it when I set up my first external beneficiary (need it for internal beneficiarys too)

In that case I can only assume I created one and forgotten it

What should I do now? How do I get it back?

[rich man]

In that case I can only assume I created one and forgotten it

What should I do now? How do I get it back?

i went throught the same circles.......

after sending a letter to warka requesting a transfer password....i received a response from Mr.I that said..."use the one you have"

The password you use to login with IS your transfer password...

[RoyalBeluga]

i went throught the same circles.......

after sending a letter to warka requesting a transfer password....i received a response from Mr.I that said..."use the one you have"

The password you use to login with IS your transfer password...

Unfortunately thats not correct. If you want to transfer internally then YES its your login password but you need a separate 2nd password for external transfers.

[rich man]

Unfortunately thats not correct. If you want to transfer internally then YES its your login password but you need a separate 2nd password for external transfers.

worked fine for me.....I had money send back to my BOA account here in tx....it took about 5 days....

that was several months back....perhaps they have changed the procedure....?

[rich man]

Unfortunately thats not correct. If you want to transfer internally then YES its your login password but you need a separate 2nd password for external transfers.

here is a reponse from Mr. I


Dear Mr. xxxx,

Please note that the transfer password must be credited from your end through your online account. For further details please contact our e-banking department to assist you accordingly.

Best regards,

Mxxxxxxxx X. Xxxx
Deputy Managing Director
International Affairs

[wherbie]

ok...citibank and warkaa " merged "...for a lack of a better word,....so when is the warka stock going up ?....

3 years ago, their stock was 30 dinars per share, they had 24 banks then.....NOW they got @ 100 banks, AND a merger with citibank.....

and the stock is 1.40 dinar per share ?....

dont make sense to me....

anyone want to help me out here ?

whats it take for a stock to go up ?....

all my have gone down....WITH ALL THIS GOOD NEWS ...

i guess i dont get it....HELP

.

[rich man]

here is a reponse from Mr. I


Dear Mr. xxxx,

Please note that the transfer password must be credited from your end through your online account. For further details please contact our e-banking department to assist you accordingly.

Best regards,

Mxxxxxxxx X. Xxxx
Deputy Managing Director
International Affairs

going back through my emails trying to remember exactly how to do it..

i think....

Login Password: your bank login password
New Password: "any password you want"
Verify Password: has to match "any password you want"


i think that was the procedure....

[Ridewithme38]

going back through my emails trying to remember exactly how to do it..

i think....

Login Password: your bank login password
New Password: "any password you want"
Verify Password: has to match "any password you want"


i think that was the procedure....

Watch out now everyone on IIF knows your Warka Password

[rich man]

Watch out now everyone on IIF knows your Warka Password

[Will-it-happen?]

Email their IT department

In that case I can only assume I created one and forgotten it

What should I do now? How do I get it back?

[Midnight Tide]

Not wanting to burst peoples bubbles here, but Citibank is one of the many banks that may fall - it was bailed out by Saudi Prince Al-Waleed bin Talal with a $590 million investment a short period ago. (major capitol issues)

Many people know that Citibank overextended itself - so even a small decline in the value of a bank’s assets can significantly erode its capital and make it insolvent.


You sure you want your assets tied up with Citi?

[H2OLover]

well well ......this is a good thing

or is it ??

got to love the ride ...... NOT

[LongShot]

You beg for everything you get.....LOL ;) At least you stopped talking in riddles.

Everyone picks on the poor crow. But don't worry Luko1234 I'll show em! I never forgot the prayer you posted! It was from your heart, it had great power.

[Seaview]

Not wanting to burst peoples bubbles here, but Citibank is one of the many banks that may fall - it was bailed out by Saudi Prince Al-Waleed bin Talal with a $590 million investment a short period ago. (major capitol issues)

Many people know that Citibank overextended itself - so even a small decline in the value of a bank’s assets can significantly erode its capital and make it insolvent.


You sure you want your assets tied up with Citi?

Well that aside. Why don't they join forces with Citibank, London.

[RotaryRevn]

Has anyone else tried contacting Citibank yet to see what you can find out?

Has anyone deposited to their Warka account through Citibank?

[Tallil1]

I guess no one ever heard of "Correspondent Banks"?

correspondent bank Finance Definition
A bank that takes deposits for and performs banking services for other depository institutions in exchange for a fee. Correspondent banks typically provide banking services when the others banks, often foreign banks, aren't able to offer the services or find that it is more cost effective to outsource this need. Commercial banks typically provide correspondent banking services.

OR

correspondent bank
Definition

Bank which handles the local leg of a business transaction and the associated documents, as an agent of a bank in another city or country. Also called agent bank.

OR

Correspondent bank
Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in different cities.

Google correspondent bank.

[RoyalBeluga]

Yes Citibank are just another correspondent bank as is Dresdner. You can wire your USD or deposit into warka the same way as one did with Dresdner only this time to Citibank NY