DetroittoAZ Posted January 29, 2012 Report Share Posted January 29, 2012 $10.00 fee for any amount of exchange. Sign up for a checking account near you!!! Link to comment Share on other sites More sharing options...
cheerful1 Posted January 29, 2012 Report Share Posted January 29, 2012 $10.00 fee for any amount of exchange. Sign up for a checking account near you!!! I have an account with them already, as it made it cheaper to buy my dinar from them on a periodic basis until they quit selling it recently. Where did you get this information about the 10.00 transaction fee? I believe that there was a 10.00 fee for a foreign currency transaction if you did not have an account with them. There was also a 10.00 handling fee that was charged if the transaction was less than 300.00 USD. I bought millions of foreign currency (not USD millions) through them, I hope what you are saying is true. 1 Link to comment Share on other sites More sharing options...
mrparrot Posted January 29, 2012 Report Share Posted January 29, 2012 $10.00 fee for any amount of exchange. Sign up for a checking account near you!!! A fee and a spread are two completely different things. Did they say specifically that there would be no spread? 5 Link to comment Share on other sites More sharing options...
Crow Posted January 29, 2012 Report Share Posted January 29, 2012 LOL...NEED AN RV BEFORE ANY SPREADS MATTER!! Got a sick feeling its gonna be a minute before we see it!! 2 Link to comment Share on other sites More sharing options...
DetroittoAZ Posted January 29, 2012 Author Report Share Posted January 29, 2012 The (FCB) bank is in walmart and im in Arizona, A $10.00 fee only. Link to comment Share on other sites More sharing options...
tj3659 Posted January 29, 2012 Report Share Posted January 29, 2012 The (FCB) bank is in walmart and im in Arizona, A $10.00 fee only. As mrparrot said,there is a difference between a fee and the spread. This may be the fee,but there will always be a spread too. And until it happens,nobody knows what it will start out at. No institution can eat the total spread.It will vary between who you deal with,but there will always be one. 4 Link to comment Share on other sites More sharing options...
bamagirl Posted January 29, 2012 Report Share Posted January 29, 2012 Like MrParrot said, a spread and fee are two totally seperate things...we will not know the spread till they start buying our dinar. But $10.00 is a good fee. Thanks for sharing. 3 Link to comment Share on other sites More sharing options...
DetroittoAZ Posted January 29, 2012 Author Report Share Posted January 29, 2012 Thanks!!!! Link to comment Share on other sites More sharing options...
tj3659 Posted January 29, 2012 Report Share Posted January 29, 2012 Like MrParrot said, a spread and fee are two totally seperate things...we will not know the spread till they start buying our dinar. But $10.00 is a good fee. Thanks for sharing. Sorry bamagirl,we must of been thinking the same and posting at the same time.. Link to comment Share on other sites More sharing options...
The Machine Posted January 29, 2012 Report Share Posted January 29, 2012 A fee and a spread are two completely different things. thats exactly what i was thinking ..... of course there's gonna be a spread, thats how banks make their money !! the transaction fee on the other hand can be reduced to nothing, thats just up to the individual bank ...... Whoever told the OP that a bank would be doing an exchange without a spread is full of BS ...... even the deals Adam has lined up for VIP include a spread of some kind (just guessing this I dont know what adam has lined up) ... reduced probably but a spread none the less. 2 Link to comment Share on other sites More sharing options...
iinvest2 Posted January 29, 2012 Report Share Posted January 29, 2012 I also bought dinar from FCB and was also told that any transaction done no matter what size would be 10.00 per transaction period no other fees to cash in... Maybe it is BS but that's what I was told over and over when I asked... Anyone out there know any different Link to comment Share on other sites More sharing options...
The Machine Posted January 29, 2012 Report Share Posted January 29, 2012 I also bought dinar from FCB and was also told that any transaction done no matter what size would be 10.00 per transaction period no other fees to cash in... Maybe it is BS but that's what I was told over and over when I asked... Anyone out there know any different yeah $10 per transaction is a transaction fee ...... nothing to do with a spread...... If the CBI rate was 1IQD = 1USD ....... and your local bank's rate was 1IQD = 0.91USD that is a spread .....so every dinar you cash in the bank makes $0.09 from you ....... A spread is to do with the cash in rate, and nothing to do with transaction fee's. 3 Link to comment Share on other sites More sharing options...
RRSport Posted January 29, 2012 Report Share Posted January 29, 2012 $10.00 fee for any amount of exchange. Sign up for a checking account near you!!! Where's the dinar rumor?????? Link to comment Share on other sites More sharing options...
Shick Posted January 30, 2012 Report Share Posted January 30, 2012 They have their way of making money and lots of it, my time is coming soon. go rv go! Link to comment Share on other sites More sharing options...
George Hayduke Posted January 30, 2012 Report Share Posted January 30, 2012 They have their way of making money and lots of it, my time is coming soon. go rv go! For the first time in my life I don't care if the bank makes money off of my money...let's just get it done already! GH Link to comment Share on other sites More sharing options...
Kay Posted January 30, 2012 Report Share Posted January 30, 2012 My FCB told me to go to the bigger banks as I would get a better rate from the big banks. Was sad to hear that. Link to comment Share on other sites More sharing options...
gatoraces Posted January 30, 2012 Report Share Posted January 30, 2012 if you have enough dinar and it actually revalued to a high enough rate, you can negotiate the fees and spread any way you want. the banks will want your money, you would have the upper hand. again, if. 1 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted January 30, 2012 Report Share Posted January 30, 2012 if you have enough dinar and it actually revalued to a high enough rate, you can negotiate the fees and spread any way you want. the banks will want your money, you would have the upper hand. again, if. ***/// BAM! and there it is.... They'd love to have all that money of yours in their bank so they can use it to loan out and make their money back - that they'd be getting from you in fees - from the interest they'll charge the borrower. So, 1st make sure you're talkin' to the head Magoot, then sit right down, look 'em in the eye and make that the deal! Tell 'em you can take your bajillions to another "lending" institution if they don't wanna make nice, get up and head for the door and see what happens. Don't forget to get security guarantee from them, as the FED will only insure up to a certain amount(250k) - so make THE BANK guarantee it! In it goes, you get your little black credit card right then n' there and it's a happy day.... Enjoy! 1 Link to comment Share on other sites More sharing options...
Recommended Posts