Thread: All Banks $ Dealers News Here.

Originally Posted by stik

I buy dinar in small amounts as I can afford to. I have no nearby banks exchanging them, so I have bought them from Dinartrade, since rolclub folks have ok'd them as a reliable source.

Always, until this morning, I have been able to order the amount I want and they'll ship overnight to me...and I exchange a certified check for the shipment the very next day.

I've really felt good about this, since there's a prompt exchange: my dollars for dinars - no waiting and worrying.

This hasn't been done for the last short while according to the person who spoke to me (not, I think, Ali).

I was not given a reason for the change.

Does anyone know of another source I can use?

Can this have any meaning for our investment?

Stik,
I just spoke with Dinar Trade not 30 minutes ago. One of the people I work with got his Dinar this morning, as Fed-Ex is moving even though the Post Office isnt.
He ordrerd his dinar Friday and got it this morning. we were not told of any issues.

I had called them to find out how to exchange my Dinars when it RV's. They siad they would only take 2% while chase will take 9%. Just meet them at the their bank and the would have the money wired to my account.


Interesting

If you would like to purchase offline call 661-472-8510
All Orders are shipped within 24hrs except public holidays and weekends.

Originally Posted by draft138

Stik,
I just spoke with Dinar Trade not 30 minutes ago. One of the people I work with got his Dinar this morning, as Fed-Ex is moving even though the Post Office isnt.
He ordrerd his dinar Friday and got it this morning. we were not told of any issues.

I had called them to find out how to exchange my Dinars when it RV's. They siad they would only take 2% while chase will take 9%. Just meet them at the their bank and the would have the money wired to my account.


Interesting

Did chase say they will charge 9% after the RV? As far as meeting them at there bank, arent they located in Tennesee?

Originally Posted by arvie

Did chase say they will charge 9% after the RV? As far as meeting them at there bank, arent they located in Tennesee?

I can gaurantee you. That they will not give you a favorable exchange rate! I will only settle for the CBI exchange rate. If not more, as is the case now!

Originally Posted by goldraker

I can gaurantee you. That they will not give you a favorable exchange rate! I will only settle for the CBI exchange rate. If not more, as is the case now!

Dinartrade told me they would exchange at whatever the CBI rate was and take 2% as a transaction fee while chase, they said, will charge 9%.

I can drive to Dinar Trades Ofice in about 20 minutes or so.

Originally Posted by arvie

Did chase say they will charge 9% after the RV? As far as meeting them at there bank, arent they located in Tennesee?

Screw Chase, Bank of America will charge no fee for exchanging dinars when the time comes. The only charge will be for shipping the dinars to their foreign exchange banking site. Wells Fargo will do the same. It will not be necessary to do business with banks that will rip us off for 9%. Heck, that is more than the long term capital gains tax on our profits.

Originally Posted by danny51

Screw Chase, Bank of America will charge no fee for exchanging dinars when the time comes. The only charge will be for shipping the dinars to their foreign exchange banking site. Wells Fargo will do the same. It will not be necessary to do business with banks that will rip us off for 9%. Heck, that is more than the long term capital gains tax on our profits.

I hope you're right.

I was just at Bank of America . They said when it goes on the market with the RV they would Most likely exchange it. asked if there would be a fee the teller told me she didn't know . BOB
I don't think she had a clue.

Originally Posted by danny51

Screw Chase, Bank of America will charge no fee for exchanging dinars when the time comes. The only charge will be for shipping the dinars to their foreign exchange banking site. Wells Fargo will do the same. It will not be necessary to do business with banks that will rip us off for 9%. Heck, that is more than the long term capital gains tax on our profits.

That really not true.

BOA tells you there's no fee to any customer but what they do is. Let's say the market rate for that day is, 1 IQD = $1.28 they buy your dinar at let's say $1.25 then they resell them on the market for the $1.28 thus making 3 dollars on every dinar you have. It works out to about 3 or 4%. I looked into this here in Boston and spoke to them. They don't tell you this until you grille them. They want money and that's all they want. Sorry wish it was different..


Rocky....

Rocky , thanks for the INF on BoA. I didn't think the girl had a clue and after i left the bank probably RAN to her supervisor to find out. I was in the drive thru lane and holding up trafffic when i asked her. BOB