CDARS with Federal Banks

[jlopus]

I went out to the CDARS site to see which banks around my area were part of the program. I noticed that Bank of America and Wells Fargo are not part of the program.

I'm interested in doing my cashin through Ali at DT (in order to possibly save thousands on xfer fees), but now my concern is not being able to use the CDARS program if I go through this way......

Any comments or advice?

Thx

[ds2]

cdars aren't used by your bigger branch banks such as boa. they are used by your smaller community type banks.

Edited November 14, 2010 by ds2

[bigoz89]

You can still do your cash-in through Ali and use your current bank account to receive the funds. You could then open an account with a branch that is in the CDARS network, transfer money to that account, and go from there. That is pretty much what I plan on doing.

[EBJNYC]

I went out to the CDARS site to see which banks around my area were part of the program. I noticed that Bank of America and Wells Fargo are not part of the program.

I'm interested in doing my cashin through Ali at DT (in order to possibly save thousands on xfer fees), but now my concern is not being able to use the CDARS program if I go through this way......

Any comments or advice?

Thx

Only CONVERT your Dinar to U.S.D denominated assets "AS NEEDED" -- otherwise you are wasting your investment (Dinar) on a depreciating (USD). Better bet - maybe "precious metals" or "foreign" denominated instruments.

Edited November 15, 2010 by EBJNYC