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First Citizens Bank in NC, SC, VA, TN, WVA, DC, WA, California


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#1 luckylucy

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Posted 04 March 2010 - 05:45 PM

Had in-bank meeting today (March 4, 2010) with rep, "Brandy," in local Cary, NC branch of First Citizens Bank. We spoke on speaker phone with rep from their International Banking dept, in Garner, NC.

Here's what I learned.

First Citizens Bank DOES buy and sell dinar.

1. website is https://www.firstcitizens.com; to find branch near you in NC, SC, VA, TN, WV, CA, DC & WA.

2. Home office is in Raleigh, NC with Data Center in Garner, NC. Data Center in Garner, NC has the de la rue machine for foreign currency.

That's Garner, North Carolina, Wake County (a few miles outside of Raleigh, NC .. .home of the NC Hurricanes!)

3. Any exchange of foreign currency can be taken to the Garner office and exchanged there. Otherwise, you can make the exchange at a branch bank, but the currency will be sent to the Garner office. I suggest taking it to the Garner office AFTER opening an account.

4. they do exchanges for non-members of their bank, but have a maximum cap of $200K USD per non-member. There is NO Cap on bank members. (ie, open an account with them).

5. Apparently, they are such a strong bank they are buying out others ... and, have a great CD rate to increase their liquidity. First Citizens Bank was started by the Holding family of Wake Forest, NC and still operates like a small town bank, but increasing in national presence.

I asked about TODAY's exchange rates, just to get an idea: here's info on March 4, 2010:
BUY dinars from First Citizens at .0017076
SELL dinars to First Citizens at .00067271

I'm planning to talk to several other banks and when I do "cash-in," I will go with the bank or exchange business that gives me the best rate. I do plan to negotiate. Remember, public rates do not take into consideration large currency exchanges.

Hope this is helpful, but PLEASE ... do your own research and establish your relationship with your banker and financial advisor!

Anyone in my area, feel free to leave me PM or Visitor Message.

Jeanette
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#2 Nate

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Posted 04 March 2010 - 05:50 PM

Remember people to note the amount your bank (the FDIC) will insure, I think it's like 250k. Me personally, Im will spread it across several accounts until I figure it all out.
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#3 junnito

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Posted 04 March 2010 - 05:54 PM

$1,706 per mill it seems a bit high.
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#4 kirk motorsports

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Posted 04 March 2010 - 05:57 PM

thanks i live just outside raleigh
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#5 jackdavis1364

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Posted 04 March 2010 - 06:10 PM

Go to this site to see how safe the banks are that you are or may be dealing with. I was surprised to see that one of the banks I deal with (Suntrust) has a rating of D- which is in the weak catagory, "E" is the lowest rating which is "very weak". Suntrust appears to be a blip away from E or very weak.
http://www.thestreet...fety/index.html
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#6 markisuncfan

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Posted 04 March 2010 - 09:39 PM

I knew you could get the info. I tried and they sent me around in loops till I got dizzy. TY very much!!

It is also "RUMORED" to be a Del A Rue at BB & T and BOA in Charlotte NC. No concrete verification.
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#7 luckylucy

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Posted 04 March 2010 - 10:04 PM

I knew you could get the info. I tried and they sent me around in loops till I got dizzy. TY very much!!

It is also "RUMORED" to be a Del A Rue at BB & T and BOA in Charlotte NC. No concrete verification.


i'll do some more checking...i bank with BOA ... I just wanted to get one place for sure. my trusty BOA manager wasn't there today. there's also some other big banks in Raleigh (& Charlotte) ... wonder if those of us in this area should get together and negotiate a better rate .... more we have the better the rate.. talk later!
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#8 luckylucy

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Posted 04 March 2010 - 10:08 PM

Good point, Nate.. Also, you can increase your FDIC insurance; but I like spreading the wealth too ... make 'em work for your business!


Remember people to note the amount your bank (the FDIC) will insure, I think it's like 250k. Me personally, Im will spread it across several accounts until I figure it all out.


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#9 markisuncfan

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Posted 05 March 2010 - 02:23 PM

I think working together (keeping $$ seperate obviously) and going in as a squad of investers may rattle the chains moreso than one person.
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#10 ghaggerty

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Posted 05 March 2010 - 02:36 PM

It's only going to get higher...us little people can easily be squeezed out of this opportunity because that's not ($1706) is not a small slice of pie.

$1,706 per mill it seems a bit high.


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#11 ghaggerty

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Posted 05 March 2010 - 02:37 PM

FYI - There are 10 branches of this bank in GA as well.
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#12 dolfan

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Posted 05 March 2010 - 02:40 PM

went to bb&t in richmond, va they buy and sell dinar, he said they have more people asking and buying it, hope that means it a good sign.
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#13 beachboy7

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Posted 05 March 2010 - 04:12 PM

I called the First Citizens in Garner this morning at 9:05 AM. I wanted to cash a small amount in if I could. The Guy I talked with was very nice. He ask me to wait while he called the International Currenct Dept. He came back and tols me they would be hapy to cash my Dinas in. He gave me the exchange rate of .00067271. He told me that a 25,000 Iraqi note would give me $16.25. I thanked him and told him I would call back when the rate gets better. At least they are willing to do business now with the Dinars. Do you think someone knows something???
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#14 angel216

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Posted 12 March 2010 - 02:48 PM

Bank of America won't convert more than $10,000 worth of foreign currency per day.

I have had an account with the same Bank of America branch for at least ten years. Since they are a foreign currency exchange bank, I talked to them about possibly having a large sum of foreign currency to deposit in the near future. They told me it was their policy to not convert or accept in a deposit more than $10,000 (USD) worth of foreign currency per day. I asked them to make a call to verify with their corporate office and the answer came back the same.

I do not know what the other foreign currency bank policies are but I thought I would give you a heads up regarding Bank of America. Maybe they will change their policy when the dinar RVs if they realize how much money is involved. After researching the different ways to cash in my dinar, and reading the posts from Adam and others, I have decided to go with Adam's recommendation to hold off for a few days; especially in light of his latest email with the excerpt from his Iraqi contact.

Thank you Adam for all the hard work you put into the websites, posts, and doing whatever it takes to keep your members informed with the most reliable sources possible. Also, thanks to all the members that contributed a lot of time and effort to explain in detail their views and predictions. This has been an unique experience and I look forward to Adam's email notification that the day we have all been waiting for is finally here!
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#15 gregg450

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Posted 12 March 2010 - 02:50 PM

Remember people to note the amount your bank (the FDIC) will insure, I think it's like 250k. Me personally, Im will spread it across several accounts until I figure it all out.


Remember, it is 250K insurance per owner. So, if you and your spouse own the account it is insured for 500K.
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#16 srb

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Posted 12 March 2010 - 03:12 PM

sorry to tell you this but when i called data center they never heard of the dinars or if they are part of the banking indrustry why do you people make up things like this just to get a rush from people You need to do more research Jeannette and there is no first citizens bank in so california. can you give me the phone number of your so called person to verify Brandy pplease sewnd it to.




If you need to get your email address to another member the safe way to do it is to go to there member page and leave it there, and have them delete the message as soon as they copy it.

Edited by ToddS, 12 March 2010 - 04:39 PM.
removed members email address

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#17 jbbdolphins

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Posted 12 March 2010 - 03:43 PM

Does anyone know of a bank that does foreign exchange in Florida? I live in Gainesville. Thank you.
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#18 ToddS

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Posted 12 March 2010 - 04:41 PM

Does anyone know of a bank that does foreign exchange in Florida? I live in Gainesville. Thank you.


Try this thread and you may find your answer.

http://dinarvets.com...-physical-Dinar
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#19 5jcklee

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Posted 12 March 2010 - 04:58 PM

To me, buying from them at $1706 is high, but the sell rate to them seems very low, unless I'm not reading it right.
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#20 Greg Jeneses

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Posted 13 March 2010 - 01:24 AM

try this thread and you may find your answer.

http://dinarvets.com...-physical-dinar


Edited by Grumpy and banned

Edited by grumpy, 13 March 2010 - 01:30 AM.

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