Can someone tell me whether or not you need to write up a "gifting letter" for people you are going to gift dinars to? I've heard if the letter is done before the dinar RVs then there won't be tax consequences. Does anyone have the real facts on this? Thanks...
So after the initial transfer into either the checking or savings account (non-interest bearing) should you move the money to accounts within the same bank or does it make any difference if you move the money to other banks?
Okay, thanks for all the info. On the "blog" I've read several times about making sure "you have your secured non-interest bearing checking accounts" in place. I'm curious, what banks are people using to set up these accounts? I know someone said Fifth Third Bank, which I have never heard of before but there is one in Las Vegas, which is where we live.
Can anyone tell me what BIG BANKS are doing the "non-interest bearing savings accounts" that are being posted as a reminder for us to get? I've called Wells Fargo, US Bank (actually my sons works for them) and our local bank and none of these banks offer this particular savings account. Is there more information I need to do this? Thanks...............