Thread: Barclays Bank UK

I have just taken a friend of mine to his local Barclays bank because he wasn't confident in talking about Iarqi Dinar. To my amazement the cashier told me that she had order some currency for herself at Halifax. I asked why she ordered, she said because its at a great rate AT THE MOMENT. She also said she has been ordering for herself since the summer.

Talk about a good feeling.

I'm Ready for a RV

Originally Posted by English

I have just taken a friend of mine to his local Barclays bank because he wasn't confident in talking about Iarqi Dinar. To my amazement the cashier told me that she had order some currency for herself at Halifax. I asked why she ordered, she said because its at a great rate AT THE MOMENT. She also said she has been ordering for herself since the summer.

Talk about a good feeling.

I'm Ready for a RV

Well we know Halifax, Nat West and Royal Bank of Scotland are exchanging them already.

Thanks for the info.

I'm not into the Building Soceities in UK but also knew that Nat West and BOS is on the bandwagon too! Once all the major Banks on High Street gets to trade...its a good greenlight for confidence esp. coming from the UK...when it decides eventually, EVERY other jumps and tags along ...!


YB. cheers to us ALL and shall we include Her Majesty too??? She HAS enuf really...

Been checking with various UK banks about selling them Dinar, and so far it has not been good news.

The HSBC just do the old Scooby Doo (I dunno) and say that the NID isn't listed on their system.

The Halifax are more than willing to sell you NID, but will only buy back what they have sold you.

The only positive lead so far is the Yorkshire Bank who currently say that when the money is tradeable, they will send it to head office to be verified, then deposit sterling into your account with them, minus a small charge.

Anyone else done any better?

Originally Posted by investor

Been checking with various UK banks about selling them Dinar, and so far it has not been good news.

The HSBC just do the old Scooby Doo (I dunno) and say that the NID isn't listed on their system.

The Halifax are more than willing to sell you NID, but will only buy back what they have sold you.

The only positive lead so far is the Yorkshire Bank who currently say that when the money is tradeable, they will send it to head office to be verified, then deposit sterling into your account with them, minus a small charge.

Anyone else done any better?

Col,

Nat West and Royal Bank of Scotland exchange.

Don't worry, once it's on the world markets every bugger will exchange them.

Cheers Adam,

At least they now know what NID means.

This is the info I have been given so far:

Halifax:They told me they will buy back and, at the moment, no commission. They don't send the notes away for verification, but you do have to have an account with them as they don't pay cash. No maximum exchange per day. I am picking up some more dinars tomorrow, will ask them about exchanging dinars not bought from them, see if I get the same answer as you Investor.

Nat West Bank: Will exchange, verification on site, will pay cash, don't need to have an account. Commission 2%.

Thomas Cook: Will exchange, have to send notes away for verification, no commission, maximum of around £1000 per transaction.

Does anyone have any knowledge re offshore accounts? I have been researching on the web and have gleaned some info but am not really sure where we stand.

Megansgirl

If you go offshore - go quite far away. Anywhere in Europe - i.e. Gibralter, Isle of Man, Jersey, Monaco etc the Government still have access to information on your accounts (maybe with the exception of Switzerland).

Look more towards Bermuda, Caymans etc - those kind of places

Originally Posted by Seaview

If you go offshore - go quite far away. Anywhere in Europe - i.e. Gibralter, Isle of Man, Jersey, Monaco etc the Government still have access to information on your accounts (maybe with the exception of Switzerland).

Look more towards Bermuda, Caymans etc - those kind of places

Hi Seaview, are you sure about the Isle of Man and the Channel Islands?

I know the government can force banks based in the UK to hand over details of offshore accounts (Barclays is a recent example).

What would happen if you moved to the IoM or CI and opened an account with a bank based there?

Since the IoM and CI are not part of the UK why would a bank based in one of these islands hand over customers details to Gordon Brown?

If you move to the IoM or CI you should be paying taxes to their governments and not the UK so it shouldn’t be considered tax evasion.

Just keep this in mind, the maximum rate of Capital Gains Tax in the UK is 40%, but the IoM and CI don’t have CGT.

And how about Americans who go to the CI, Iom, Jersey, Monaco, Gibralter,Switzerland. Do we get the US government snooping into our bank accounts over there? Do these places have agreements with the UK?