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Delarue machine locations


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#1 larry143

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Posted 26 November 2010 - 11:14 AM

I know it's been asked and answered but as a reminder to those of us with ADD like me....

I understand we will want to go to a bank location that will have the Delarue authenticating machines.

That way we wouldn't have our dinar sent to another location for verification and thus, have our dinar out of our sight right?

So then:

#1 What's the best way to locate these bank locations. Are there major banks who will have them for sure? Knowing decisively might be important if time is short right?

#2 If we take them to a bank (Citibank, Bank of America, Wells Fargo, BB&T, 3rd Fifth) will will be able to deposit them in to an account if they are a "world currency". And
what guarantees would we have?

#3 I know the simple answer would be to "just call around and see" but to those of us in rural areas, and those of us who are lazy...it might just be very useful.

Thanks and Happy Days ahead!!!!
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#2 thegente

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Posted 26 November 2010 - 11:26 AM

I spoke with my banker and a currency manager the other day at Wells Fargo. Once the IQD RVs and is recognized, they will exchange just like they would a Kuwaiti Dinar, Yen, Ruble, Pound, or ANY other world currency. They will know what to look for in a counterfeit as well. You will be credited IMMEDIATELY. You MAY have to go to the main branch in your area for a large exchange. They will bring you into a private room, count out your Dinar, and you will verify the deposit. Funds are available right then.
You DO NOT need to travel to Dinar Trade to cash in.
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#3 larry143

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Posted 26 November 2010 - 11:36 AM

Thanks "the Gente" I appreciate the consciencious answer. I'm sure it helped lots of folks and me.

I sure was keeping open, the option of driving 800 miles to Brentwood, Tn. to exchange my dinar. Not knowing what other options were as expeditious.

I think the thing to do is to make those calls to major banks in larger cities.

Will them having a Delarue machine have any bearing on the funds? Or do you think the "security measures" built in to the currency suffice?
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#4 1967L71

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Posted 26 November 2010 - 11:41 AM

A friend of mine knows someone in the highest management of Chase Bank, and they have already been playing with a De La Rue machine in a back room. Very Hush Hush!!!
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#5 larry143

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Posted 26 November 2010 - 11:48 AM

If that's true, that's very COOL!!!!
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#6 tbush

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Posted 26 November 2010 - 12:40 PM

I have heard myself through BOA that when this occurs RV/RI it will be no different than anything else at all banks. There will be no waiting, when you walk out the doors you will have your money in your account.
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#7 cbs71

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Posted 26 November 2010 - 12:43 PM

I spoke with my banker and a currency manager the other day at Wells Fargo. Once the IQD RVs and is recognized, they will exchange just like they would a Kuwaiti Dinar, Yen, Ruble, Pound, or ANY other world currency. They will know what to look for in a counterfeit as well. You will be credited IMMEDIATELY. You MAY have to go to the main branch in your area for a large exchange. They will bring you into a private room, count out your Dinar, and you will verify the deposit. Funds are available right then.
You DO NOT need to travel to Dinar Trade to cash in.



Interesting cause I am weighing my options too in regards to where I am going to cash in and if what you said is true, AND they won't charge a arm and a leg to cash in, then this will be the way to go instead of driving several hundred miles to Brentwood like the other poster said. I already have an account with Wachovia/Wells Fargo. It is still called Wachovia here in Richmond.
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#8 Tiffany

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Posted 26 November 2010 - 01:02 PM

Thanks "the Gente" I appreciate the consciencious answer. I'm sure it helped lots of folks and me.

I sure was keeping open, the option of driving 800 miles to Brentwood, Tn. to exchange my dinar. Not knowing what other options were as expeditious.

I think the thing to do is to make those calls to major banks in larger cities.

Will them having a Delarue machine have any bearing on the funds? Or do you think the "security measures" built in to the currency suffice?


I thought Brentwood was my only option as well since I live int he middle of nowhere KY. I am looking into what options I have around here this week, now! Thanks for asking the question!
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#9 thegente

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Posted 26 November 2010 - 01:16 PM

I thought Brentwood was my only option as well since I live int he middle of nowhere KY. I am looking into what options I have around here this week, now! Thanks for asking the question!



I would just open an account at one of the major banks if you don't already have one. Also, think about this: Banks deal with foreign currencies everyday, and many do not have De La Rue machines and they accept and exchange currency on the spot . I have traveled extensively for business and pleasure, and have never had a problem exchanging any of the foreign currency I had back into dollars. Sometimes it was several thousands of dollars worth. Some banks MAY have differing protocols, I am just stating what I was told by WF. Hope this helps
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#10 larry143

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Posted 26 November 2010 - 01:33 PM

As a side note and maybe it's pertinent.

We went to our bank last week with a $25,000 check from Progressive and they put a "hold" on it for 10 days!

I just am hoping when we go into a "major" bank with...say...between $500,000 and $4,000,000...or more....if there will be some kind of concession waiting period. IF they have or IF they DO NOT have the Delarue machine. Just curious.

Thanks for your input Gente and you are welcome Tiffany, my pleasure.

Just trying to get our ducks in a row like the rest of you.
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#11 djwebby

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Posted 26 November 2010 - 02:00 PM

As a side note and maybe it's pertinent.

We went to our bank last week with a $25,000 check from Progressive and they put a "hold" on it for 10 days!

I just am hoping when we go into a "major" bank with...say...between $500,000 and $4,000,000...or more....if there will be some kind of concession waiting period. IF they have or IF they DO NOT have the Delarue machine. Just curious.

Thanks for your input Gente and you are welcome Tiffany, my pleasure.

Just trying to get our ducks in a row like the rest of you.




Pity you didn't ask the reason for them putting it on hold.
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#12 thegente

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Posted 26 November 2010 - 02:03 PM

As a side note and maybe it's pertinent.

We went to our bank last week with a $25,000 check from Progressive and they put a "hold" on it for 10 days!

I just am hoping when we go into a "major" bank with...say...between $500,000 and $4,000,000...or more....if there will be some kind of concession waiting period. IF they have or IF they DO NOT have the Delarue machine. Just curious.

Thanks for your input Gente and you are welcome Tiffany, my pleasure.

Just trying to get our ducks in a row like the rest of you.



That is normal to put a hold on a CHECK. THIS IS CURRENCY, ACTUAL MONEY 2 totally different animals. There will be no hold.

Try this: go to a currency dealer and buy $50 dollars worth of Kuwaiti Dinar. (You will lose a few dollars exchanging it back because of the exchange rate) Now, take it to your bank and cash it in. Do a dry run if that makes you feel more secure. Stop worrying. Do your own research, and you will be sitting pretty.
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#13 GMsales

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Posted 26 November 2010 - 03:40 PM

Now keep in mind that I live in Central Florida about 30 min from Orlando. I recently went in to my local Wachovia branch and spoke with the bank manager. She told me point blank that when this occurs, or for that matter any foriegn currancy has to be sent to Pennsylvania to be verified before that would show in my account. Needless to say I told her, Well after banking with you since this 1996 and three name changes I guess its time to find a new bank. Needless to say she was very negative and said that "in her opinion this is a BS scam" I simply said Ok then only time will tell. and have a great day. By the way she is a complete idiot. But I thought I'd share never the less
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#14 thegente

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Posted 26 November 2010 - 04:22 PM

Now keep in mind that I live in Central Florida about 30 min from Orlando. I recently went in to my local Wachovia branch and spoke with the bank manager. She told me point blank that when this occurs, or for that matter any foriegn currancy has to be sent to Pennsylvania to be verified before that would show in my account. Needless to say I told her, Well after banking with you since this 1996 and three name changes I guess its time to find a new bank. Needless to say she was very negative and said that "in her opinion this is a BS scam" I simply said Ok then only time will tell. and have a great day. By the way she is a complete idiot. But I thought I'd share never the less



I don't doubt that you had this conversation, but think about this: What about all the currency exchanges in all the airports in the country-Do they send all their currency somewhere to be verified? No. they exchange it right there minus the spread. I've always exchanged my currency at whatever bank I had an account with and have NEVER heard of this until signing up on this Dinar forum. Strange. Try a Wells Fargo, I know they bought out Wachovia, maybe she hasn't gotten the memo yet!
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#15 Hawaii K

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Posted 26 November 2010 - 05:13 PM

Awesome news about the Wachovia in Richmond.
I live in Williamsburg and was planning on
driving to Brentwood, TN to Dinar Trade.

Would you happen to know the where in
Richmond (is it downtown?)

Thanks so much in advance!


Aloha
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#16 cbs71

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Posted 26 November 2010 - 05:29 PM

Awesome news about the Wachovia in Richmond.
I live in Williamsburg and was planning on
driving to Brentwood, TN to Dinar Trade.

Would you happen to know the where in
Richmond (is it downtown?)

Thanks so much in advance!


Aloha


Aloha:

I havent inquired yet in Richmond. When I do, I will post here. Hopefully I will get the same response as the other person. If not, then I may trek up to DC and I KNOW banks up there deal with all types of currency. But we will see.
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#17 hopeful1

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Posted 26 November 2010 - 07:29 PM

Isn't this great to think that we will have to worry about a issue like this in the future. :)
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#18 Jazzy baby

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Posted 26 November 2010 - 07:34 PM

I spoke with my banker and a currency manager the other day at Wells Fargo. Once the IQD RVs and is recognized, they will exchange just like they would a Kuwaiti Dinar, Yen, Ruble, Pound, or ANY other world currency. They will know what to look for in a counterfeit as well. You will be credited IMMEDIATELY. You MAY have to go to the main branch in your area for a large exchange. They will bring you into a private room, count out your Dinar, and you will verify the deposit. Funds are available right then.
You DO NOT need to travel to Dinar Trade to cash in.







I am in San Francisco and I got the same info from wells fargo were i back as well.
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#19 Vintage

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Posted 27 November 2010 - 09:40 AM

Thanks for all the input. I have talked to a WF cust. service rep on foreign currency and she said much the same thing though she said some small branches may have to send the dinar out to be verified in which case there would be a hold put on it. As I have WF account for years, I have kept it even though I am no longer in a state that has WF banks, so it will mean travel time for me.

However I have a question? Since Ali is setting up sites which require a De La Rue machine thereby meaning he has to bring one into those sites and somewhere I heard they are pretty portable machines I was wondering if you spoke to a bank manager at RV and explained what you wanted to do if they could bring one to the bank and set it up (of course for a fee no doubt) so that you could have it posted instantly? I think for enough of a deposit they might be willing to do that...don't know and don't know how much trouble that would be either but just a thought.
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#20 gman51

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Posted 27 November 2010 - 09:55 AM

As a side note and maybe it's pertinent.

We went to our bank last week with a $25,000 check from Progressive and they put a "hold" on it for 10 days!

I just am hoping when we go into a "major" bank with...say...between $500,000 and $4,000,000...or more....if there will be some kind of concession waiting period. IF they have or IF they DO NOT have the Delarue machine. Just curious.

Thanks for your input Gente and you are welcome Tiffany, my pleasure.

Just trying to get our ducks in a row like the rest of you.

That is interesting. My wife and I went into our bank(B of A) with a $22,000.00 check from our 401k account with T. Rowe Price and I expected they would do the same. But when I ask the clerk she looked at our accounts and told us it would clear immediately. We were shocked. I guess it depends on where you go and what kind of mood they are in that day. I don't know how else to explain it.
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