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Chase Cash Out
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Chase Cash Out
by Guest Sat Jul 02, 2011 10:18 am
https://app.freeconferencecallhd.com/playback.html?n=3293-17-65-677363-17-65-6712614-17-65-6775-17-65-675422;0OTc3NDYwNjg=0
The above is link to CC saying, "If Tuesday 7/5 is cash in date and Chase Bank will cash your dinar and not charge you a spread/fee, and give you the CBI [Central Bank of Iraq] rate, that's big."
I don't know whose call it is or validity. Sound like bunk to me. What do you'll think?
The above is link to CC saying, "If Tuesday 7/5 is cash in date and Chase Bank will cash your dinar and not charge you a spread/fee, and give you the CBI [Central Bank of Iraq] rate, that's big."
I don't know whose call it is or validity. Sound like bunk to me. What do you'll think?
Guest- Guest
Re: Chase Cash Out
by az-tex Sat Jul 02, 2011 10:28 am
I think ALL banks will pay CBI rate with NO spread... or else they will lose the business... And believe me, they DON'T want to lose ANY business...
Key to all this... be prepared to negotiate and IF they (banks) don't come around to your way of thinking... CBI rate... no spread... walk... there will be PLENTY of others who will agree to those terms just to get your money deposited into their banks... 8) 8) 8)
Key to all this... be prepared to negotiate and IF they (banks) don't come around to your way of thinking... CBI rate... no spread... walk... there will be PLENTY of others who will agree to those terms just to get your money deposited into their banks... 8) 8) 8)
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Re: Chase Cash Out
by 1alaskan Sat Jul 02, 2011 10:02 pm
A few days ago there was a nice post of three or four folks going in and sitting down with a chase banker in Fort Worth. I think it was said that banks will be giving the FEDERAL RESERVE rate. Reason being that the banks will only get paid the FEDS rate. any differnce would come out of the banks end. I gues they could give less, which I think is called the "spread".
But the FEDS rate could be the CBI rate, lets all hope for that.
Now is better
North of sixty
But the FEDS rate could be the CBI rate, lets all hope for that.
Now is better
North of sixty
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Re: Chase Cash Out
by az-tex Sat Jul 02, 2011 10:17 pm
1alaskan wrote:A few days ago there was a nice post of three or four folks going in and sitting down with a chase banker in Fort Worth. I think it was said that banks will be giving the FEDERAL RESERVE rate. Reason being that the banks will only get paid the FEDS rate. any differnce would come out of the banks end. I gues they could give less, which I think is called the "spread".
But the FEDS rate could be the CBI rate, lets all hope for that.
Now is better
North of sixty
If not, we can always cash in with Ty or Ali... they have both stated CBI rate... Ali said $150.00 per million was his fee, but Ty has said $150.00 per transaction...
Moral of story you ask???
We are NOT at the mercy of the banks... PRAISE THE LORD!!!
8) 8) 8)
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Re: Chase Cash Out
by TheBeav Sun Jul 03, 2011 12:13 am
az-tex wrote:
Cashing out with Ty or Ali will require a wire transfer to our bank accounts. My question is: Will that bank put a hold on our funds for weeks afterwards, or allow us immediate access to the $$ ? I'm thinking that each bank chain has it's own rules on this. However, if I set it up with them ahead of time to be expecting such a LARGE sum, one would assume that they would put out the red carpet for all big depositors and not penalize them. Guess I got some researching to do on Tuesday, huh?
If not, we can always cash in with Ty or Ali... they have both stated CBI rate... Ali said $150.00 per million was his fee, but Ty has said $150.00 per transaction...
Moral of story you ask???
We are NOT at the mercy of the banks... PRAISE THE LORD!!!
Cashing out with Ty or Ali will require a wire transfer to our bank accounts. My question is: Will that bank put a hold on our funds for weeks afterwards, or allow us immediate access to the $$ ? I'm thinking that each bank chain has it's own rules on this. However, if I set it up with them ahead of time to be expecting such a LARGE sum, one would assume that they would put out the red carpet for all big depositors and not penalize them. Guess I got some researching to do on Tuesday, huh?
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