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Thread: Which US Banks accept Dinar?

  1. #1
    Join Date
    Jan 2008
    Posts
    4

    Default Which US Banks accept Dinar?

    Hello,
    Looking for confirmation of any US Banks that will accept IQD deposit (exchnage for USD). I believe Chase does, any others? I am looking to deposit my cash dinar and wire the funds to Warka. Any suggestions? Thanks!

  2. #2
    Join Date
    Nov 2007
    Posts
    35

    Default don't put all your egg in one basket

    Quote Originally Posted by Duke77 View Post
    Hello,
    Looking for confirmation of any US Banks that will accept IQD deposit (exchnage for USD). I believe Chase does, any others? I am looking to deposit my cash dinar and wire the funds to Warka. Any suggestions? Thanks!
    I recommend keep the cash with you and send additional money to warka. some of the online copany will buy back your dianr if you still want to.

  3. #3
    Join Date
    Oct 2005
    Location
    Bourbonnais IL
    Posts
    1,189

    Default

    My Chase Bank says they buy there dinars from bank of America
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  4. #4
    Join Date
    Aug 2007
    Location
    ALABAMA
    Posts
    105

    Default

    I bought a million at Regions Bank today. 800,000 in 1000 denoms and 200,000 in 5000 denoms. paid $1004.40 plus $5 fee. must have an account with them. I ask the lady what the fee/percent would be when I come to exchange back to dollars and she said it would only the the exchange rate at that time unless it was less than 150,000 then there is a $5 fee. I thought that was odd, but that is what she said. I know where I will be depositing my dinars when they revalue!!!!!! I will probably slip her a $1000 tip for being so nice about the rate.

  5. #5
    Join Date
    Sep 2005
    Posts
    1,055

    Default

    Quote Originally Posted by Duke77 View Post
    Hello,
    Looking for confirmation of any US Banks that will accept IQD deposit (exchnage for USD). I believe Chase does, any others? I am looking to deposit my cash dinar and wire the funds to Warka. Any suggestions? Thanks!
    You won't be able to do that quite like you suggest. What you CAN do is SELL it at the current rate offered by a particular bank. (Understand that this is not like taking Canadian or Euro in and getting the current market exchange rate. It's like buying a gold watch from a jeweler and taking it to the pawn shop for cash.) Then you can deposit the cash and wire it.
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  6. #6
    Join Date
    Jan 2008
    Location
    northern mn
    Posts
    4

    Default

    why would it be different ,if they handle these currencies? please explain ,thanx

  7. #7
    Join Date
    Jan 2008
    Location
    Texas
    Posts
    54

    Default Banks that trade with Warka

    Quote Originally Posted by TiredOfWork View Post
    You won't be able to do that quite like you suggest. What you CAN do is SELL it at the current rate offered by a particular bank. (Understand that this is not like taking Canadian or Euro in and getting the current market exchange rate. It's like buying a gold watch from a jeweler and taking it to the pawn shop for cash.) Then you can deposit the cash and wire it.
    Will the German bank or the bank of China take IQD paper on just the exchange rate to wire to Warka if you did it in person or do you think they would have some large fee.
    Firedog

  8. #8
    Join Date
    Jan 2008
    Posts
    4

    Default Thanks

    Thank you all for the info. I am under the impression that when the IQD revals, it would be significantly easier to make an electronic transfer/wire back to my US bank, than walk in to a local branch with a few million to deposit.

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