Babs47 Posted April 28, 2011 Report Share Posted April 28, 2011 A gal I got into this currency speculation went into our mutual tiny bank a few days ago and went to the office of the bank manager. Instead of telling her their bank doesn't deal with foreign currency (which is what they've always told her and me), she was brought into the office, the door was shut, and she said that they could set up the proper accounts for her and she could have her new-found wealth wired into them. Also, yesterday, the middle manager there was really "chatting me up" and treating me with respect, instead of treating me like a fool and telling me that I've gotten the whole island into a scam. I found that behavior change on her part interesting... Today, I'm going to go visit her boss and see about her wealth management strategy for me... We'll see if she thinks it's a waste of time to discuss it, knowing I'm currently broke...or if she sets me up with one of those limitless FDIC-protected interest-free accounts... I'll let you know what happens. Go RV! God bless us, every one! 16 1 Link to comment Share on other sites More sharing options...
dinarhound Posted April 28, 2011 Report Share Posted April 28, 2011 Excellent News, thanx for the post! Link to comment Share on other sites More sharing options...
graml Posted April 28, 2011 Report Share Posted April 28, 2011 Thanks for the info. I love the bank news. Link to comment Share on other sites More sharing options...
HYDRANT Posted April 28, 2011 Report Share Posted April 28, 2011 INTERESTING---WHATS THE CHANGE OF HEART------RV MAYBE Link to comment Share on other sites More sharing options...
ckh Posted April 28, 2011 Report Share Posted April 28, 2011 ...or if she sets me up with one of those limitless FDIC-protected interest-free accounts... I'll let you know what happens. What's a limitless FDIC-protected interest-free account? I understood that FDIC protects up to $250k per account... my banker said he could set up POD (payable on death) accounts attached to mine. ie: #1) my account @$250k #2) my spouse's account @ $250k #3) my account with my daughter, payable to her only upon my death @ $250k #4) my spouse's account with my daughter, payable to her only upon his death @ $250k This way, there are 4 accounts totaling $100k, all at the same bank, all insured by FDIC. The others named on the account have no access to the funds, in fact I am told they need not even know about it at the time you set it up. (in this example, my daughter) He told me a story about a couple with a trust in the 8 figures, they set up these accounts with all the kids, grandkids, etc who were beneficiaries of the trust and managed to get all the funds into the same bank and FDIC insured this way. Link to comment Share on other sites More sharing options...
AngelBaby Posted April 28, 2011 Report Share Posted April 28, 2011 Sounds interestingly enough. Hancock Bank here has a message when you call to check on your checking account it say "We will help you with all your foreign currency needs". Link to comment Share on other sites More sharing options...
Carrello Posted April 28, 2011 Report Share Posted April 28, 2011 If you have the minimum amount required to open a checking account ($1, $5 or whatever), you can get an FDIC protected account (no maxiumum on the amount covered) if it is an interest free account. Nothing unusual here. Don't let a bank let you think they are doing you a favor. They are not. Why would you set up accounts before you know what you have, and why would the bank do that. The type of wealth management you get into, depends upon the amount of wealth that you have. You said you currently have none. If the bankers wants to set up accounts prior to you have anything to put in them, you may want to look for another banker. Or maybe you will make enough off of pumping that you won't have to worry about it. 6 4 Link to comment Share on other sites More sharing options...
coleman619 Posted April 28, 2011 Report Share Posted April 28, 2011 If you have the minimum amount required to open a checking account ($1, $5 or whatever), you can get an FDIC protected account (no maxiumum on the amount covered) if it is an interest free account. Nothing unusual here. Don't let a bank let you think they are doing you a favor. They are not. Why would you set up accounts before you know what you have, and why would the bank do that. The type of wealth management you get into, depends upon the amount of wealth that you have. You said you currently have none. If the bankers wants to set up accounts prior to you have anything to put in them, you may want to look for another banker. Or maybe you will make enough off of pumping that you won't have to worry about it. Right on..... People on this forum believe anything, as long as it's positive. 5 4 Link to comment Share on other sites More sharing options...
tnl5338 Posted April 28, 2011 Report Share Posted April 28, 2011 Here in calif. you can have an account with you and your spouse thats 500,000 k put your kids say two without having the ability to access the account now you have one account with 1,000,000 with all the protection! 1 1 Link to comment Share on other sites More sharing options...
DaveJen Posted April 28, 2011 Report Share Posted April 28, 2011 Read the fine print on FDIC protection. Yes each account is protected up to $250K. However, in the case of a default, the FDIC have up to 99 years to make you whole on your account. I am not sure I would call that protection. Link to comment Share on other sites More sharing options...
JuryPicker Posted April 28, 2011 Report Share Posted April 28, 2011 (edited) Right on..... People on this forum believe anything, as long as it's positive. Yea that's true. I'm positive you're an Idiot Edited April 28, 2011 by JuryPicker 5 2 Link to comment Share on other sites More sharing options...
pleasantvalleySunday Posted April 28, 2011 Report Share Posted April 28, 2011 A gal I got into this currency speculation went into our mutual tiny bank a few days ago and went to the office of the bank manager. Instead of telling her their bank doesn't deal with foreign currency (which is what they've always told her and me), she was brought into the office, the door was shut, and she said that they could set up the proper accounts for her and she could have her new-found wealth wired into them. Also, yesterday, the middle manager there was really "chatting me up" and treating me with respect, instead of treating me like a fool and telling me that I've gotten the whole island into a scam. I found that behavior change on her part interesting... Today, I'm going to go visit her boss and see about her wealth management strategy for me... We'll see if she thinks it's a waste of time to discuss it, knowing I'm currently broke...or if she sets me up with one of those limitless FDIC-protected interest-free accounts... I'll let you know what happens. Go RV! God bless us, every one! thanks for what may or may not have a darn thing to do with an rv ... who knows, maybe they had a "team marketing meeting". anyway, my point in responding is that personally I am leery of all "wealth management" situations within the banking sector ... be sure to read all the fine print even if it means getting out a magnifying glass and remember they first and foremost wish to better their bottom line, and may charge you an arm and leg for the ride. pvS Due diligence is required for success of any kind. Right on..... People on this forum believe anything, as long as it's positive. um I believe you're confused about which forum you're on right now!!! 5 1 Link to comment Share on other sites More sharing options...
AngelBaby Posted April 28, 2011 Report Share Posted April 28, 2011 Lol I'm with you pleasant most of these peep get real confused about which forums they r in . Link to comment Share on other sites More sharing options...
Ohioguy Posted April 28, 2011 Report Share Posted April 28, 2011 Read the fine print on FDIC protection. Yes each account is protected up to $250K. However, in the case of a default, the FDIC have up to 99 years to make you whole on your account. I am not sure I would call that protection. DaveJen, a new law, which just came into effect a few months ago, gives FDIC protection on any non-interest bearing account on an unlimited amount of deposited money. There is no cap on protection. Link to comment Share on other sites More sharing options...
DaveJen Posted April 28, 2011 Report Share Posted April 28, 2011 Hello Ohio guy, nice to see a fellow Buckeye on here. My comment is not about the protection provision. My comment is how long the FDIC has to make good on the protection/default of the bank to an individual depositor of the bank. I am well aware of the new law granting unlimited protection on deposits of non interest bearing accounts. However, the same law gives the FDIC a 99 year window of opportunity to make the depositor whole. Yes the protection is there, but what good is if your dead and gone in 99 years when they finally get around to it. 99 year windows are the same as no protection at all. 1 Link to comment Share on other sites More sharing options...
Babs47 Posted April 28, 2011 Author Report Share Posted April 28, 2011 So...I went into the bank to try to speak with the manager, as I said I would. She was on the phone. The middle manager asked if I needed help with anything. I said I wanted to speak with the manager, but she was on the phone. She asked me what I wanted to speak with the manager about, and I said, "the Iraqi dinar, believe it or not!", (since she's always treating that topic with scorn + I would've expected her to say something like, "Oh, Brother! Are you still involved in that crazy thing?"). But instead, she said, "Oh! Okay!" And I said I'd wait. Then I got tired of waiting + went to do errands...but I'll try again soon. 2 3 Link to comment Share on other sites More sharing options...
dinarmite Posted April 28, 2011 Report Share Posted April 28, 2011 So...I went into the bank to try to speak with the manager, as I said I would. She was on the phone. The middle manager asked if I needed help with anything. I said I wanted to speak with the manager, but she was on the phone. She asked me what I wanted to speak with the manager about, and I said, "the Iraqi dinar, believe it or not!", (since she's always treating that topic with scorn + I would've expected her to say something like, "Oh, Brother! Are you still involved in that crazy thing?"). But instead, she said, "Oh! Okay!" And I said I'd wait. Then I got tired of waiting + went to do errands...but I'll try again soon. You have got to wait for those millions Link to comment Share on other sites More sharing options...
Islandgirl7 Posted April 28, 2011 Report Share Posted April 28, 2011 Keep trying can't wait to hear the outcome...I deal wth 5/3 also and will be interested to see what they have to say here...thanks for the post.. GO RV !!! Link to comment Share on other sites More sharing options...
Mongo Posted April 28, 2011 Report Share Posted April 28, 2011 I went to my 3rd friends 5th bank or was that my friends 5th /3rd bank and they smiled at me. What's up with that. I no more than said dinar,and the president come out and gave me a toaster. we plugged that baby in and had bagels with cream cheese and talked dinar......Imagine that,...... bagels and dinars 3 1 Link to comment Share on other sites More sharing options...
Texas1 Posted April 28, 2011 Report Share Posted April 28, 2011 A gal I got into this currency speculation went into our mutual tiny bank a few days ago and went to the office of the bank manager. Instead of telling her their bank doesn't deal with foreign currency (which is what they've always told her and me), she was brought into the office, the door was shut, and she said that they could set up the proper accounts for her and she could have her new-found wealth wired into them. Also, yesterday, the middle manager there was really "chatting me up" and treating me with respect, instead of treating me like a fool and telling me that I've gotten the whole island into a scam. I found that behavior change on her part interesting... Today, I'm going to go visit her boss and see about her wealth management strategy for me... We'll see if she thinks it's a waste of time to discuss it, knowing I'm currently broke...or if she sets me up with one of those limitless FDIC-protected interest-free accounts... I'll let you know what happens. Go RV! God bless us, every one! Wow, congrats! you certainly have a ton of success getting Banks to open up to you and your friends about the dinar. Werent you the one several months back who had the BofA experience with their Wealth Management Dept's young new employee telling your friend Debs the dinar was about to rv and he wanted to set a meeting up with her the following Tuesday? I guess some folks have more luck than others, cause below is a direct comment from a Chase employee and dinar investor I know personally: Spoke to the wealth manager here at Chase and she thinks I’m crazy. She said if there was any indication about the Dinar changing that much she would have been sent details long ago. 1 Link to comment Share on other sites More sharing options...
Babs47 Posted April 28, 2011 Author Report Share Posted April 28, 2011 I guess banks are more pleasant to us gals who are creeping up in age (fifties + sixties + seventies, to cover all 3 bank rumors! I get it that this is not confirmation of anything, to strangers, but my local friends, who know these bankers, are thanking me for the info about the behavioral changes... I went back in, but the manager was at lunch. Now I'm at lunch. I'll let you friendly types know what happens, once I get into her office, if you're interested. (This bank isn't Fifth Third. It's Washington Trust. They don't deal with foreign currency, but they certainly have wealth mgmt folks...) Link to comment Share on other sites More sharing options...
Bambino3 Posted April 28, 2011 Report Share Posted April 28, 2011 I think you are right to look into wealth management, etc.. This is positive thinking and when you anticipate and prepare for abundance, guess what, it's going to happen. Link to comment Share on other sites More sharing options...
Babs47 Posted April 28, 2011 Author Report Share Posted April 28, 2011 That's right, Bambino3! It doesn't surprise me the results skeptics get! Sad! 1 1 Link to comment Share on other sites More sharing options...
hookerwife Posted April 28, 2011 Report Share Posted April 28, 2011 You might want to look into Cdars accounts. They link mulit million dollar accounts with total FDIC protection. http://www.cdars.com/ Most major banks offer them 1 Link to comment Share on other sites More sharing options...
Bobbydee Posted April 28, 2011 Report Share Posted April 28, 2011 Thanks for the positive post. Let us know what happen. God Bless Semper Fi Link to comment Share on other sites More sharing options...
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