Wachovia - will they exchange Dinar?

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10-05-2007, 01:26 AM
apwerner

Wachovia - will they exchange Dinar?

I know there's a previous thread regarding Wachovia, but I wanted to get your attention so you Wachovia customers (and non-customers) will know.

I just got off the phone with them. They told me that if you are a customer, there is no charge to exchange Dinar. They will just credit your account. The cost is only a $15.00 transaction fee.

Wachovia will not exchange for non-customers at all.

I asked if they know if currencies are going to revalue before it takes place. She told me sometimes they know, and sometimes not. She directed me to Bloomberg.com (which I believe we already know about here).

I guess it would pay to be a Wachovia customer at the time of the reval - whenever that might be.

NENO, if you're reading these, I know you said you are a Wachovia customer and you were wondering if my statement about their exchange policy was true. I called them again and the above was their response. So, I've had 2 Wachovia employees tell me the same thing. They DO indeed do foreign currency exhanges and they DO exchange dinar - but you have to be a customer.

Anyway, just wanted to pass that along. Thanks!!
10-05-2007, 01:45 AM
dinartank

my mom is an employee for wachovia.....unless this is brand new policy this is not true she told me. She told me they do not exchange currencies of opec nations. Take it for what its worth she has been an employee for wachovia for over 15yrs... Yes there is a $15 transaction fee this is true on foriegn currencies. She said she will check the computer tommorow....so i will post back tommorow.....Question ....this info you got was this at your local branch or from the foriegn exchage dept. thanks tank
10-05-2007, 03:14 AM
Cyberkhan

I know for a fact that Wachovia does not deal dinar.

I have yet to see any Middle Eastern Currency on sale by Wachovia. Sorry to burst your bubble. I will verify it again tom.
10-05-2007, 03:16 AM
Cyberkhan

As well, what number did you call...you can pm it to me. On the branch level noone has a clue as to what is going on. Foriegn Currency is not something that the majority deals with during day to day operations. They know what the rate on the screen is...that is it.
10-05-2007, 03:30 AM
neno

Yes they do the Exchange....

But here where I am at, and I am in a Big Area. The Wachovia Branches do all their currency buisness for their customers thru Thomas Cook. Now Thomas Cooks rate exchange is on top of that $15 transaction that Wachovia charges their customers to go thru Thomas Cook. I never meant they want get it done for you. Just remember this when you go thru the Transaction. Make sure you know what Thomas Cook exchange rate will be for Wachovia. Thomas Cook actually services many Banks. Other members here have said that they supply a Bank in Canada as well.

Quote:

Originally Posted by apwerner

I know there's a previous thread regarding Wachovia, but I wanted to get your attention so you Wachovia customers (and non-customers) will know.

I just got off the phone with them. They told me that if you are a customer, there is no charge to exchange Dinar. They will just credit your account. The cost is only a $15.00 transaction fee.

Wachovia will not exchange for non-customers at all.

I asked if they know if currencies are going to revalue before it takes place. She told me sometimes they know, and sometimes not. She directed me to Bloomberg.com (which I believe we already know about here).

I guess it would pay to be a Wachovia customer at the time of the reval - whenever that might be.

NENO, if you're reading these, I know you said you are a Wachovia customer and you were wondering if my statement about their exchange policy was true. I called them again and the above was their response. So, I've had 2 Wachovia employees tell me the same thing. They DO indeed do foreign currency exhanges and they DO exchange dinar - but you have to be a customer.

Anyway, just wanted to pass that along. Thanks!!
10-05-2007, 03:33 AM
neno

But..................

It is believed that they will be in the Game. Acording to some older articles they will most likely somehow be involved with the ISX, but not direct dinar exchanges.

Quote:

Originally Posted by Cyberkhan

I know for a fact that Wachovia does not deal dinar.

I have yet to see any Middle Eastern Currency on sale by Wachovia. Sorry to burst your bubble. I will verify it again tom.
10-05-2007, 03:47 AM
readytogo

Good to hear from ya Neno!

Hi Neno! How's the extra work going? Hope well. Do ya have any info for us? Big Fat Juicy Rumor? I love 'em!
10-05-2007, 04:47 AM
Cyberkhan

Quote:

Originally Posted by neno

It is believed that they will be in the Game. Acording to some older articles they will most likely somehow be involved with the ISX, but not direct dinar exchanges.

It is possible for them to get involved but as of right now they deal in a very limited number of currencies. I will procure a full list tomorrow. Wachovia tends to steer away from the speculative areas.

They are conservative in nature. I will be suprised if they do deal with the Dinar but who knows...they did buy World Savings.
10-05-2007, 04:49 AM
Cyberkhan

Wachovia is one of the largest brokerage companies in business...they very well could have some sort of link to the overseas markets. Most likely not right away but the wealth services group might make some exceptions.
10-05-2007, 01:27 PM
ourhouse37

I've given up on Wells Fargo. I've talked to the international currency persons here in Denver a couple of times, and they always say that they can't trade currency of a country that we are at war with. Can you believe it? Sometimes I think the outback of Australia is probably better informed that parts of the good old USA.
10-05-2007, 01:40 PM
Icemann 30

Wells Fargo!

Quote:

Originally Posted by ourhouse37

I've given up on Wells Fargo. I've talked to the international currency persons here in Denver a couple of times, and they always say that they can't trade currency of a country that we are at war with. Can you believe it? Sometimes I think the outback of Australia is probably better informed that parts of the good old USA.

I have info. on Wells Fargo in the RV in June Thread. They are only worth dealing with when buying the VND. Rate $72.88 as of Tues. With Dinar they are out of the loop, and don't want to be in the loop anytime soon.
10-05-2007, 02:01 PM
MOM2TWO

With all of the different stories that we receive from sooooo many different banks, I have some crazy visuals for when this thing finally does RV. I can see a bunch of crazy smiling people (me included), carrying tons of colorful currency, scurrying around like an anthill that has just been stepped on. Running from Chase to BofA to Wachovia to Wells Fargo...etc etc, occasional stops at the local interenet cafe to see what someone else heard from their bank. Then go to whatever that bank is, and scream at the bank manager spouting off a lot of really weird names that told them that there was no charge to exchange dinar. :wacko:

OH GOSH I CAN'T WAIT!!!!!!:leader: :leader:
10-05-2007, 02:03 PM
cooldolphins

Quote:

Originally Posted by MOM2TWO

With all of the different stories that we receive from sooooo many different banks, I have some crazy visuals for when this thing finally does RV. I can see a bunch of crazy smiling people (me included), carrying tons of colorful currency, scurrying around like an anthill that has just been stepped on. Running from Chase to BofA to Wachovia to Wells Fargo...etc etc, occasional stops at the local interenet cafe to see what someone else heard from their bank. Then go to whatever that bank is, and scream at the bank manager spouting off a lot of really weird names that told them that there was no charge to exchange dinar. :wacko:

OH GOSH I CAN'T WAIT!!!!!!:leader: :leader:

:rofl::rofl:I can imagine it, too!!!! "Cyberkhan and Mom2TWO SAID YOU'RE bank exchanged dinars. Shotgunsusie-too." :rofl::rofl:
10-05-2007, 02:04 PM
cooldolphins

mom2two-should I start making name tags for the Caymans???
10-05-2007, 02:15 PM
MOM2TWO

Quote:

Originally Posted by cooldolphins

:rofl::rofl:I can imagine it, too!!!! "Cyberkhan and Mom2TWO SAID YOU'RE bank exchanged dinars. Shotgunsusie-too." :rofl::rofl:

:rofl:
ME: LOOK, Cooldolphins, Rolls Royce, and SGS all said that you will give me millions for these dinars.
BM: What the?:eek:
ME: So, are you going to ship these off, or credit my account immediately?
BM:Okay, I agree that dolphins are cool, and I too like Rolls Royces, but what is an SGS??
ME: I have been waiting for an rv for years, and it finally happened. Just log onto ROL and see for yourself...even Adster and Wm.Knowles agree!....well, Adster may or may not be there....he may be back at the "dark side" check over there!!:mad3:
BM: picks up phone and calls security....

ugh, then all of my dinars are paying for bail money!!:nunu:
10-05-2007, 02:50 PM
cooldolphins

Quote:

Originally Posted by MOM2TWO

:rofl:
ME: LOOK, Cooldolphins, Rolls Royce, and SGS all said that you will give me millions for these dinars.
BM: What the?:eek:
ME: So, are you going to ship these off, or credit my account immediately?
BM:Okay, I agree that dolphins are cool, and I too like Rolls Royces, but what is an SGS??
ME: I have been waiting for an rv for years, and it finally happened. Just log onto ROL and see for yourself...even Adster and Wm.Knowles agree!....well, Adster may or may not be there....he may be back at the "dark side" check over there!!:mad3:
BM: picks up phone and calls security....

ugh, then all of my dinars are paying for bail money!!:nunu:

:rofl::rofl::rofl:then, BM gives you a pamphlet for RV's (he just purchased one, and will be boarding it shortly after his encounter with mom2 and others)

you: NOT THAT KIND OF RV-silly....:eek::eek:
10-05-2007, 05:58 PM
apwerner

Quote:

Originally Posted by dinartank

my mom is an employee for wachovia.....unless this is brand new policy this is not true she told me. She told me they do not exchange currencies of opec nations. Take it for what its worth she has been an employee for wachovia for over 15yrs... Yes there is a $15 transaction fee this is true on foriegn currencies. She said she will check the computer tommorow....so i will post back tommorow.....Question ....this info you got was this at your local branch or from the foriegn exchage dept. thanks tank

Sorry it's taken so long to get back here. It's been busy at work.

This is really confusing. I called them twice. Once in the a.m. and once last night about 8:00. I did not call my local bank. I called the Main 1-800 number. I can give it to you if you like.

I was told by 2 different people that Wachovia will exchange for me as long as I'm a customer. Hmmmmmm. I wonder if their policy has recently changed.

I specifically asked the girl if she may need to switch me over to "Foreign Currency Dept" and she said she could help. Then when I asked her my question, she told me she had to check. I assume she checked with a "higher-up." Then she came back and told me what I posted.

I don't know. I even asked if she knew when the reval would take place. She said no.
10-05-2007, 06:05 PM
apwerner

Quote:

Originally Posted by Cyberkhan

I know for a fact that Wachovia does not deal dinar.

I have yet to see any Middle Eastern Currency on sale by Wachovia. Sorry to burst your bubble. I will verify it again tom.

Burst my bubble. I must say, my bubble has splatted all over the place so many times and so hard in my life that this would be nothing...nothing at all. If you want, you can call them. I'll give out the number, but perhaps I should PM that information. I don't know. Just passing on what they told me.

Listen, I'm NO huge investor and I don't pretend to be. I was just curious to see what my bank would say if I inquired. I thought y'all might be interested in what they said. Skin me alive if you want - I can take it.
10-05-2007, 06:07 PM
apwerner

Quote:

Originally Posted by Cyberkhan

As well, what number did you call...you can pm it to me. On the branch level noone has a clue as to what is going on. Foriegn Currency is not something that the majority deals with during day to day operations. They know what the rate on the screen is...that is it.

I didn't ask for any rates. I'll give you the number - - in a PM. Let me get it out of my purse .... it's a jungle in there.....:smiley:
10-05-2007, 06:21 PM
apwerner

Quote:

Originally Posted by neno

But here where I am at, and I am in a Big Area. The Wachovia Branches do all their currency buisness for their customers thru Thomas Cook. Now Thomas Cooks rate exchange is on top of that $15 transaction that Wachovia charges their customers to go thru Thomas Cook. I never meant they want get it done for you. Just remember this when you go thru the Transaction. Make sure you know what Thomas Cook exchange rate will be for Wachovia. Thomas Cook actually services many Banks. Other members here have said that they supply a Bank in Canada as well.

What you say makes sense. They didn't mention that to me and I didn't know to ask. So that very well may be the deal. Ugh!! I'm over my head I think. Thanks for the info Neno. Sure hope this ride is over soon.:smiley:
10-05-2007, 06:26 PM
apwerner

Quote:

Originally Posted by MOM2TWO

With all of the different stories that we receive from sooooo many different banks, I have some crazy visuals for when this thing finally does RV. I can see a bunch of crazy smiling people (me included), carrying tons of colorful currency, scurrying around like an anthill that has just been stepped on. Running from Chase to BofA to Wachovia to Wells Fargo...etc etc, occasional stops at the local interenet cafe to see what someone else heard from their bank. Then go to whatever that bank is, and scream at the bank manager spouting off a lot of really weird names that told them that there was no charge to exchange dinar. :wacko:

OH GOSH I CAN'T WAIT!!!!!!:leader: :leader:

Lordy, ME TOO!!! It'll be so funny! I won't mind. I'll find someplace, I guaranty that. :leader: :leader:
10-05-2007, 11:37 PM
neno

Update on Wachovia back in Febuary07 from a Great Freind of mine...

* United Arab Emirates: Sunday, February 04 - 2007 at 11:01
* PRESS RELEASE
Wachovia celebrates 10 years of service in the Gulf region
This month, the Dubai office of Wachovia Bank, N.A. celebrates its 10th year of providing top-ranked correspondent banking and trade services to financial institutions across the GCC (Gulf Cooperation Council) region and around the world.

'We're proud of our history and the growth of our financial institutions and trade activity in this important part of the world,' said Michael Heavener, head of Wachovia's Global Financial Institutions and Trade Division.

'Our strategy has been to partner with financial institutions instead of establishing a competitive presence in the region, and this has allowed us to develop strong and lasting relationships with our customers here while delivering a full array of payment, deposit, trade and lending solutions,' said Chafic Haddad, Wachovia's chief representative in the Gulf.

Wachovia Bank, N.A., is part of Wachovia Corp., the fourth-largest financial services corporation in the U.S. based on assets. Wachovia is ranked the No. 1 bank in the Middle East for overall institutional satisfaction. The bank is also ranked No. 1 in overall satisfaction for its commercial payments and cash letter services. (FImetrix Research).

Wachovia's International Division has a 200-year legacy in International correspondent banking. FImetrix Research recently ranked Wachovia the No. 1 correspondent bank provider in Asia and Latin America in market share, No. 4 in Western Europe, and No. 1 worldwide in overall customer satisfaction. Wachovia is a global leader in correspondent banking and trade services and maintains more than 3,000 correspondent relationships in more than 130 countries through a network of 44 offices, including seven overseas branches.
11-05-2007, 05:13 PM
apwerner

Thank you for posting this Neno!