Terry's Wells Fargo Bank Story Emailed to Dinar Recaps

09/09/2011 I read all posts from everyone. Hope and pray with and for everyone, including the people of Iraq, but do not post. I just read, listen and learn. Not any kind of "guru" or any other terminology one might put to people who post on a regular basis. I have no "intel" or information outside what I get from the forums and read on the net, or watch or listen to ....

Today, Sept 9, 2011, I received an email saying that Wells Fargo had removed their disclaimer about the Iraqi Dinar on their outgoing voicemail. This is a recording I had heard about 2 months ago when we thought this HAD to happen in August. So, being the truth seeker I am, I called the number 800.626.xxxx. I heard the outgoing voicemail, just saying something to the effect of "If you wish to purchase press one. If you're calling about an online purchase, press two." I didn't press anything and was transferred to a real person. This is how the conversation went...

WF: "Hello, Foreign Exchange Dept. How may I help you?" Me: "Hi. I was just wondering what kind of spread WF charges on exchanges." WF: "Are you thinking about purchasing a certain currency?" Me: "No. I own a certain amount of a currency and I was wondering what your rate is going back to US Dollars." WF: "Well, typically, it's about 1 or 2 percent." Me: "And would I need to go to a main branch? Or can I exchange at a local branch?" WF: "Yes." Me: "Yes, a main branch or yes a local branch?" WF: "Oh, I'm sorry. A local branch. Yes." Me: "One more thing. Your outgoing voicemail used to have a disclaimer about a certain currency and I noticed it no longer does." WF: "Oh. We USED to have a disclaimer about the Iraqi Dinar. But, we don't anymore." Me: "Yes. That is exactly what I'm referring to. Is there any particular reason for that?" WF: "Well. It WAS because we weren't exchanging them. It was removed, but we're not exchanging them YET." ME: "YET... the KEY word there." WF: "(Giggles) Yes. That would be right." Me: "Thank you very much." WF: "Thank you for calling WF. Have a wonderful day."

Now, I know this isn't earth shattering.... but the last time I spoke with a WF PERSON, I was laughed at and ridiculed. This was a horse of an entirely different color! I now have personal experience of someone treating me with respect with regard to the IQD, instead of disdain. I have known all along we would be here, someday. It's so very nice that someday is sooner than later! Have a grand day, and be encouraged.
Terry

Why would they take the disclaimer about the IQD (if ever) out, if they still DO NOT accept it yet?
Don't mean to ask the poster just saying is all.

I had a very similar conversation a week ago with my WF branch manager, so keep the faith. I also had an even more interesting conversation this morning with my Chase Private Banker (also the branch manager). He said Chase was not released to cash in Iraq dinar yet, but Chase corporate was working on the procedures and he expected them at any time.

Thanks for sharing Terry!

It does make all the difference in the world when we experience something firsthand. I am so happy for your experience and am grateful you choose to share it with all of us.

And, it is quite clear that since they have removed the disclaimer and the WF person used the word "YET" we can all surmise where this is going.

THIS IS AWESOME!

This crazy ride will be grinding to a halt very shortly.

Thanks again!

"rvnow" I'm not 100% sure but I believe they took the disclaimer out to prepare for the RV. I to have account w/WF & contacted them couple months ago. They(teller) said the same thing except it was a scam, now I will follow up & see if this specific branch has changed their tune & keep you posted:~))

@rvnow55 wrote:Why would they take the disclaimer about the IQD (if ever) out, if they still DO NOT accept it yet?
Don't mean to ask the poster just saying is all.

it's 11 in bmt, tx i just got off the phone with both chase and wells fargo both said they do not deal with the dinar

Go rv!

People please stop calling the banks. You will only frustrate yourself. You don't need to hear from the banks to feel good about your investment. When the Rv occurs,the banks will be dealing!!

I called the local Wells Fargo exchange this morning and they told me it was a scam. They then put me thru to the dept in Portland Oregon. Even though they have removed it from the voice mail I was told the person had talked to the head of all foreign exchanges last week and they would in no certain terms be exchanging the Dinar. I told him that I was going to close my accounts then and he didn't even try to stop me when I told him I opened them especially for large wires of cash in.

When the info providers and mods tell you NOT TO CALL THE BANKS... it's for your own sanity!

WHEN the RV occurs, your bank will welcome you with open arms!

No worries!

also talked to compass bbva they have been hearing about this for 5 years now and have no info on a rv

Chase Bank downtown L.A knows nada on the Dinar and per management they have never received any correspondence stating "get ready".. Not sure what the gurus are trying to dig up and here's why.

Many banks are in the business of exchanging currency. When the Dinar goes "live" then and only then will Corporate send out their "get ready". Banks can adapt same day and probably within hours for the rate change. There has not been any "new" hiring for this. If you have to wait, will you wait? Darn right you will. Don't worry folks. The banks will be ready wen and only when the rate goes "live"...