BBalls Posted December 2, 2010 Report Share Posted December 2, 2010 HSBC is clueless about the dinar...After being on the phone over an hour with a rep, putting me on hold numerous times, I finally got the "we don't deal with that currency" answer...The only foreign currency they deal with and carry "on hand" is Canadian and that would be the only one they could cash in....If I'm not mistaken HSBC jointly owns a few banks in Iraq...All my accounts are with them as well as my mortgage, so now I would have to open an account that would buy my dinar..What a hassle and an inconvencience...If anyone planned on cashing there forget it... Heads up!! 1 Link to comment Share on other sites More sharing options...
hammer911 Posted December 2, 2010 Report Share Posted December 2, 2010 Yes, I believe I seen that they were in Iraq also.. Strange!!GO RV!!~~~ Link to comment Share on other sites More sharing options...
GMsales Posted December 2, 2010 Report Share Posted December 2, 2010 until this is a viable currency and Globaly recognized, NO banks even talk about it. Just wait till it hits the forex ... They Will change their tune. Sorry if spellings off (Crown) 4 Link to comment Share on other sites More sharing options...
prosperityclub Posted December 2, 2010 Report Share Posted December 2, 2010 HSBC is clueless about the dinar...After being on the phone over an hour with a rep, putting me on hold numerous times, I finally got the "we don't deal with that currency" answer...The only foreign currency they deal with and carry "on hand" is Canadian and that would be the only one they could cash in....If I'm not mistaken HSBC jointly owns a few banks in Iraq...All my accounts are with them as well as my mortgage, so now I would have to open an account that would buy my dinar..What a hassle and an inconvencience...If anyone planned on cashing there forget it... Heads up!! I had the same experience as you when I checked out ALL the banks in my area. No one knows what I'm talking about, but don't worry, one day they all will! Link to comment Share on other sites More sharing options...
BBalls Posted December 2, 2010 Author Report Share Posted December 2, 2010 until this is a viable currency and Globaly recognized, NO banks even talk about it. Just wait till it hits the forex ... They Will change their tune. Sorry if spellings off (Crown) My point is you can buy dinar at smaller US based banks such as 5/3...boa...chase and probably a few more..HSBC being an international banking institution I'm suprised they don't deal with it regardless it's not a globally recognized currency. Link to comment Share on other sites More sharing options...
paj1985 Posted December 2, 2010 Report Share Posted December 2, 2010 i have the same problem here i bank at hsbc and bought my dinar from halifax/bof scottland because they dont deal in it so im gonna open an account with halifax,just in case. I think after an rv though it will be on hsbc aswell.and i have also heard of hsbc buying banks in iraq,not sure how true though. Link to comment Share on other sites More sharing options...
BBalls Posted December 2, 2010 Author Report Share Posted December 2, 2010 The funniest part of the conversation I forgot to mention was if I have foreign currency to cash in (Canadian),I would need to mail it to a 3rd party company called Travelex located in Louisville, KY that HSBC uses...They don't even cash it "in branch" 1 Link to comment Share on other sites More sharing options...
blanc Posted December 2, 2010 Report Share Posted December 2, 2010 HSBC is clueless about the dinar...After being on the phone over an hour with a rep, putting me on hold numerous times, I finally got the "we don't deal with that currency" answer...The only foreign currency they deal with and carry "on hand" is Canadian and that would be the only one they could cash in....If I'm not mistaken HSBC jointly owns a few banks in Iraq...All my accounts are with them as well as my mortgage, so now I would have to open an account that would buy my dinar..What a hassle and an inconvencience...If anyone planned on cashing there forget it... Heads up!! Hey BB,Scooter had mentioned that he would look into the same thing but until it RV's you will probably hit road blocks until it is a recognized currency. I have had the same reaction to banks in La. God Bless Blanc 1 Link to comment Share on other sites More sharing options...
estephan Posted December 2, 2010 Report Share Posted December 2, 2010 Key word I heard "branch" alot of bank branches don't deal in fx period , Regional offices do , so if one was talking to HSBC" branch" no one there would know. Link to comment Share on other sites More sharing options...
METEMARLO Posted December 2, 2010 Report Share Posted December 2, 2010 (edited) think about this for a minute if the bank employee had a clue and it revalues hundreds of employees will get up and walk out .the bank is basically shut down then they have to do emerency training what a nightmare so dont sweat employes for the banks not knowing that is a life or death situation for them.you can bet when this goes down all the banks will be in the game Edited December 2, 2010 by METEMARLO Link to comment Share on other sites More sharing options...
DoD Posted December 2, 2010 Report Share Posted December 2, 2010 BBalls, HSBC owns 80% of Dar Al Salam Bank in Iraq. They are doing so well their changing the signs to read HSBC from Dar Al Salam. I own a lot of that bank stock through the ISX. 1 Link to comment Share on other sites More sharing options...
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