Thread: 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!!

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

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.

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.

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.

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.

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.

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.

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.

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.....

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.

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!!