Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

TAG Accounts @ WFB DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

TAG Accounts @ WFB

Page 1 of 2 1, 2  Next

Go down

TAG Accounts @ WFB Empty TAG Accounts @ WFB

Post by ministerb Sun Mar 11, 2012 7:49 am

Here it is from the horse's mouth re: TAG accounts...I hope this has not been posted as I did not see.

Important FDIC insurance updates: Beginning January 1, 2010, Wells Fargo will no longer participate in the FDIC's Transaction Account Guarantee Program.
https://www.wellsfargo.com/jump/about/fdic
© 1999 - 2012 Wells Fargo. All rights reserved. NMLSR ID 399801 Equal Housing Lender
ministerb
ministerb
Elite Member
Elite Member

Posts : 256
Join date : 2011-06-18
Location : TX-USA

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Blexum Sun Mar 11, 2012 9:56 am

Well, that's one less bank to worry about opening an account with.
Blexum
Blexum
Elite Member
Elite Member

Posts : 608
Join date : 2011-06-19

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by aksafeone Sun Mar 11, 2012 11:08 am

You mean one less competitor? hehehehe TAG Accounts @ WFB 3091836158 :joker: :geek:
aksafeone
aksafeone
Super Moderator
Super Moderator

Posts : 4074
Join date : 2011-07-06
Age : 74
Location : Arctic

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Blexum Sun Mar 11, 2012 11:19 am

They can give out all the toasters they want to, but I give a case of beer with each 100,000 IQD sent to me at" Blexums United Transaction Trust @ Headquarters European American Deposits....or B.U.T.T.H.E.A.D. inc.
Blexum
Blexum
Elite Member
Elite Member

Posts : 608
Join date : 2011-06-19

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by aksafeone Sun Mar 11, 2012 11:31 am

Right ON!! And don't let them tell you any different either. But, darn, I liked the auction, now where did that auctioneer go? Oh, i forgot, he is selling ice cubes to Alaskans this week. Twisted Evil affraid Sleep Sleep Sleep


COORS (Lite) please. :drunken:
aksafeone
aksafeone
Super Moderator
Super Moderator

Posts : 4074
Join date : 2011-07-06
Age : 74
Location : Arctic

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Blexum Sun Mar 11, 2012 11:40 am

Waaaa Haa haa Pilgrim, no lite beer served in my bank...only the good stuff.
Blexum
Blexum
Elite Member
Elite Member

Posts : 608
Join date : 2011-06-19

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by aksafeone Sun Mar 11, 2012 12:13 pm

Pilgrim is it? WELL!! I remember the time when it was 50 below ...... . Sleep
WE sourdoughs prefer to follow the doctors directions, and unfortunately mine told me "Lite beer only", but I could have something "heavier" if I chose. Since it takes the RV for this OLD MAN to be able to afford Crown Royal I stick to "Lite" beer.
But, alas, there was the day when I was trying to drink the Budweiser brewery dry, and then the Oly, and the ... . Nah, couldn't do it so I quit for awhile. Now I just enjoy a bit of brew every now and again. AHHHHHH. What joy!!!!! :drunken:
aksafeone
aksafeone
Super Moderator
Super Moderator

Posts : 4074
Join date : 2011-07-06
Age : 74
Location : Arctic

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Blexum Sun Mar 11, 2012 12:30 pm

The best american beer ever was Olympia Dark Draft that I had at the brewery in Tumwater Wa. It was never canned or bottled. It only came in kegs. Unreal stuff. But if you want good beer.........go anywhere but america. Canada's really good as well.
Blexum
Blexum
Elite Member
Elite Member

Posts : 608
Join date : 2011-06-19

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Sun Mar 11, 2012 3:59 pm

Not much of a bear drinker, but as I remember when I was on Kodiak back in the early 70's a good way to start a bar fight was to order anything but Oly. Twisted Evil

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by aksafeone Sun Mar 11, 2012 4:25 pm

Yea, but we drank all the OLY back then. Haven't seen any for so long I wouldn't recognize the can (and I used to have a up close and personal relationship with each and every can right up to the last drip ah ah drop.) But your right about the fights. It wasn't just Kodiak, either. Once ate potato salad out of an interesting "serving dish" after drinking a BUNCH of Oly - actually ate myself pretty much out of a drunk that day - twas my birthday too!! Memories, sweet memories.
aksafeone
aksafeone
Super Moderator
Super Moderator

Posts : 4074
Join date : 2011-07-06
Age : 74
Location : Arctic

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by prosetian Sun Mar 11, 2012 8:16 pm

@ministerb wrote:Here it is from the horse's mouth re: TAG accounts...I hope this has not been posted as I did not see.

Important FDIC insurance updates: Beginning January 1, 2010, Wells Fargo will no longer participate in the FDIC's Transaction Account Guarantee Program.
https://www.wellsfargo.com/jump/about/fdic
© 1999 - 2012 Wells Fargo. All rights reserved. NMLSR ID 399801 Equal Housing Lender

You might want to keep in mind that the TAG program expired dwc. 31, 2010. There are no banks that have TAG accounts. There has already been a bunch of onfo posted on this in the last couple of days.

prosetian
Elite Member
Elite Member

Posts : 217
Join date : 2012-01-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by MTmann Sun Mar 11, 2012 8:32 pm

@ministerb wrote:Here it is from the horse's mouth re: TAG accounts...I hope this has not been posted as I did not see.

Important FDIC insurance updates: Beginning January 1, 2010, Wells Fargo will no longer participate in the FDIC's Transaction Account Guarantee Program.
https://www.wellsfargo.com/jump/about/fdic
© 1999 - 2012 Wells Fargo. All rights reserved. NMLSR ID 399801 Equal Housing Lender

Yes, I agree; but, that's because TAG accounts ceased to exist in 2010 and were replaced by Dodd-Frank Act guaranteed accounts. And no, the banks will not know them as Dodd-Frank accounts, they simply know them as non-interest bearing checking accounts that are 100% insured by the FDIC to an unlimited amount through 12/31/2012. And yes, WF does participate. I know, I have accounts there and have verification that they are, in fact, insured by the FDIC regardless of the balance through 12/31/2012.

MTmann

MTmann
New Member
New Member

Posts : 9
Join date : 2011-08-04
Location : South

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by vet4ever Sun Mar 11, 2012 11:47 pm

MTmann
You have it right....I read that too in the Frank Dodd FAQs doc on the govt site. It also says that participants in the Frank Dodd non-interest bearing transaction accounts are required to have signage worded specifically as given in their FAQs sheet.

I have seen this signage at two of the WF branches I visit. (see below)

Here is the quote from
the federal government website FAQs:




Each IDI that offers
noninterest-bearing transaction accounts must have
posted,


prominently, a copy of
the following notice (“Dodd-Frank Notice”) in the lobby of the
IDI’s


main office, in each
domestic branch, and, if it offers internet deposit services, on
its


website:



NOTICE OF CHANGES IN
TEMPORARY FDIC INSURANCE


COVERAGE FOR TRANSACTION
ACCOUNTS


All funds in a
“noninterest-bearing transaction account” are insured in full
by


the Federal Deposit
Insurance Corporation from December 31, 2010,
through


December 31, 2012. This
temporary unlimited coverage is in addition to, and


separate from, the
coverage of at least $250,000 available to depositors
under


the FDIC’s general
deposit insurance rules.


The term
“noninterest-bearing transaction account” includes a
traditional


checking account or
demand deposit account on which the insured
depository


institution pays no
interest. It also includes Interest on Lawyers Trust
Accounts


(“IOLTAs”). It does
not
include other accounts, such as
traditional checking or


demand deposit accounts
that may earn interest, NOW accounts and
moneymarket


deposit
accounts.



Hope this helps.

vet4ever
New Member
New Member

Posts : 6
Join date : 2011-06-22

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by roadkingrider Mon Mar 12, 2012 9:04 am

What about what some of the gurus are saying that if it is not in a tag account then when the new treasury bills come out you will only get 60% of your money because the old Federal Reserve notes are only worth 60% of what the new treasury bills will be worth?? Anybody??

Also, has anybody actually got a tag account??

roadkingrider
Active Member
Active Member

Posts : 37
Join date : 2011-06-27

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Mon Mar 12, 2012 11:45 am

To answer that allow me to make several points:

1. Tag accounts no longer exist.

2. The images of "new" treasury bills I have seen are late 1800-early 1900 bills that have been photoshopped.

3. There is absolutely NO evidence that the NESARA bill was ever introduced into congress, let alone passed and signed. I know, I know, that's because it's been covered up, well prove it. Give me solid evidence, not nebulous allegations.

4. The only money currently in production but not in circulation are the new C notes, and they have serious production issues they have not yet overcome.

I know some will say I am wrong, some will say they are wrong, This however is my opinion based upon my own research, I have read and listened to much of arguments and "facts" the NESARA believers have put out and find them unconvincing.

Most of them are so full of holes they look like swiss cheese.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Druflow Mon Mar 12, 2012 12:09 pm

I went to that link and it never shows or says that Wells Fargo opted out of the TAG program. It actually states that there are increases in coverage until the end of 2012. So I don't see how that was misinterpreted unless I misread the entire article.

Druflow
Active Member
Active Member

Posts : 31
Join date : 2011-12-15

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Mon Mar 12, 2012 12:27 pm

Well you misinterpret from the get go as TAG accounts ran out in December 2010. There IS a provision in the Dodd-Frank legislation which covers non-interest bearing accounts to the end of 2012, but they are not TAG accounts. My question is why would anyone want one? There are plenty of relatively safe investments, (no investment or non-investment is 100% safe,) that will allow your money to at least earn interest of some sort.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by doodoo Mon Mar 12, 2012 1:22 pm

Let's all worry about the accounts post RV and post seeking professional advice!

I just heard it's gonna RV this week!

TAG Accounts @ WFB AwHZQsy8IsMZcZHZJmrGSXUkTEen6XEpwihogwJQsUCIJwCPFiiPUSL34YJF84eszBOEloP9rmLjBEc48SJEwXiExnCocgCKXQdA8ziGYohowTIyflX380Yax3cEWSh2Koh2LoSEAiC2HYCo3mIKnxDwEBADs=
doodoo
doodoo
VIP Member
VIP Member

Posts : 1173
Join date : 2011-10-08

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by davidpg Mon Mar 12, 2012 6:10 pm

@doodoo wrote:Let's all worry about the accounts post RV and post seeking professional advice!

I just heard it's gonna RV this week!

TAG Accounts @ WFB AwHZQsy8IsMZcZHZJmrGSXUkTEen6XEpwihogwJQsUCIJwCPFiiPUSL34YJF84eszBOEloP9rmLjBEc48SJEwXiExnCocgCKXQdA8ziGYohowTIyflX380Yax3cEWSh2Koh2LoSEAiC2HYCo3mIKnxDwEBADs=

I agree with the smart cat! Don't worry till you have the money in your paws (oops hands for you humans)
TAG Accounts @ WFB 3346874973
davidpg
davidpg
Forum Friend
Forum Friend

Posts : 107
Join date : 2011-10-12
Age : 61

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Clydesdale Tue Mar 13, 2012 3:07 am

Blexum/Aksafeone this clydesdale only drinks Budweiser

*****************
JESUS IS KING :king: GOD BLESS YOU ALL TAG Accounts @ WFB 3151798102
TAG Accounts @ WFB Clyde2
Clydesdale
Clydesdale
Elite Member
Elite Member

Posts : 293
Join date : 2012-01-24
Age : 40
Location : In my Father's House

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by czinser Tue Mar 13, 2012 6:54 am

Clydesdales are my very favorite horses. I held and rubbed the mug of a

Clydesdale once, and he went to sleep in my hands 5 times. His head would start to drop and he would wake only to fall asleep again. Sooooo very precious.

I was very blessed by this magnificant creature.



Blessings Guys, CZ Smile

czinser
Elite Member
Elite Member

Posts : 657
Join date : 2011-06-18
Location : Dog is Praying for RV!!! He was told post RV that his treats will be stuffed with Filet Mignon. (-:

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Cardiac99 Tue Mar 13, 2012 11:43 am

czinser;

I have been around horses all my life. I got acquainted with the draft horses in 2008. I took a job driving a horse and carriage in Oklahoma City. We used mostly Belgians. The one that I drove was 19 hands tall (76 inches at the shoulder). His name was Mike. He was so tall that I couldn't even see over his back. Mike was a 2000 pound baby. He loved to pose for pictures and show off as we walked through the streets of Oklahoma City. When we did parades and on holidays, Mike always had a hat to wear. One night I even put a big pair of sunglasses on him. I popped the lenses out so it didn't affect his vision. "Magnificient Creatures" is an understatement. Someday I WILL own my own draft horse, just to have around, kind of as a pet. It will be fun to hitch him to a wagon and do hay rides out at my ranch.
Cardiac99
Cardiac99
Elite Member
Elite Member

Posts : 552
Join date : 2011-07-06
Age : 59
Location : Choctaw, Oklahoma

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Blexum Tue Mar 13, 2012 12:07 pm

That kitty really swings.
Blexum
Blexum
Elite Member
Elite Member

Posts : 608
Join date : 2011-06-19

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by tport2 Tue Mar 13, 2012 12:23 pm

I contacted the FDIC in Washington DC and was forwarded to an expert that specialized in non-interest on demand checking accounts. That person advised what several have already posted that TAG accounts no longer exist and financial institutions could opt out of that program. Under the Dodd-Frank Act, if a financial institution is insured by the FDIC they must offer the non-interest on demand checking account. Like previously stated, there must be posted in the insured bank's lobby under the FDIC guidelines verbiage stating this account is offered. The insurance coverage is the first $250,000 is covered by the bank and anything over and above the $250,000 is covered by the FDIC. This type of account will exist until 12-31-12.

I spoke to a branch manager at two local Chase branches and neither knew that their bank offered this type of account. In fact one manager told me that type of account only exists for businesses and handed me the FDIC instructions from FDIC's website which clearly showed that Chase had to offer that account. The manager advised me to call the FDIC which I did and received the above information. Since I had a few accounts at PNC, who had also advised me that they didn't offer a fully insured non-interest bearing account a few weeks earlier, I went to my bank and looked for the FDIC poster and there is was. I told the personal banker I wanted to covert two of my checking accounts to this type of account and showed the person their FDIC poster with the verbiage. The banker said "Oh, you want one of those accounts." So none of the bankers I spoke to had a clue about what their banks offered.

tport2
New Member
New Member

Posts : 7
Join date : 2011-08-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by cmaster10 Tue Mar 13, 2012 12:51 pm

Same here. I went to my local Chase branch yesterday and opened a non-interest bearing account but the manager had to look it up on her computer to learn what it was. Kinda fun when you get to tell them their own business

cmaster10
Active Member
Active Member

Posts : 26
Join date : 2011-07-03
Age : 66
Location : Cincinnati

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by dbara43 Tue Mar 13, 2012 3:09 pm

I just opened a Treasury-guaranteed non-interest bearing account at Wells Fargo yesterday. Make sure you talk to the business bankers.

db
dbara43
dbara43
Forum Friend
Forum Friend

Posts : 119
Join date : 2011-08-04
Location : Northwest

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by 1alaskan Tue Mar 13, 2012 5:30 pm

Still expires 12/31/12

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty

1alaskan
Elite Member
Elite Member

Posts : 4668
Join date : 2011-06-21
Age : 38
Location : Planet far far away

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by prosetian Tue Mar 13, 2012 6:53 pm

@dbara43 wrote:I just opened a Treasury-guaranteed non-interest bearing account at Wells Fargo yesterday. Make sure you talk to the business bankers.

db

What would be the purpose of talkin to the business bankers? All anyone has to do is open a regular checking account that is non-interest bearing at any FDIC insured bank, they are all covered by the unlimited insurance until the end of the year.

They will then all close their doors and steal yuour money.TAG Accounts @ WFB 437791839

prosetian
Elite Member
Elite Member

Posts : 217
Join date : 2012-01-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by 7freemom Tue Mar 13, 2012 8:16 pm

vet4ever quoted from bank sign: "... traditional checking account or demand deposit account on which the insured depository institution pays no interest...."

Is there a significant distinction between a non-interest bearing "checking account" and "demand deposit account" that someone can intelligently comment on?

7freemom
7freemom
Elite Member
Elite Member

Posts : 417
Join date : 2011-10-13

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Tue Mar 13, 2012 9:50 pm

@Cardiac99 wrote:czinser;

I have been around horses all my life. I got acquainted with the draft horses in 2008. I took a job driving a horse and carriage in Oklahoma City. We used mostly Belgians. The one that I drove was 19 hands tall (76 inches at the shoulder). His name was Mike. He was so tall that I couldn't even see over his back. Mike was a 2000 pound baby. He loved to pose for pictures and show off as we walked through the streets of Oklahoma City. When we did parades and on holidays, Mike always had a hat to wear. One night I even put a big pair of sunglasses on him. I popped the lenses out so it didn't affect his vision. "Magnificient Creatures" is an understatement. Someday I WILL own my own draft horse, just to have around, kind of as a pet. It will be fun to hitch him to a wagon and do hay rides out at my ranch.

In my younger days I did horse logging for a bit. We had a couple Clydesdales, a couple of Percherons, a couple Belgians, and a couple cross bred horse. My favorite was a female Percheron Queen, she was usually teamed with her son a gelding. He was a bit of a pill, but she was such a good horse it was worth it.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Clydesdale Wed Mar 14, 2012 2:35 am

@tport2 wrote:I contacted the FDIC in Washington DC and was forwarded to an expert that specialized in non-interest on demand checking accounts. That person advised what several have already posted that TAG accounts no longer exist and financial institutions could opt out of that program. Under the Dodd-Frank Act, if a financial institution is insured by the FDIC they must offer the non-interest on demand checking account. Like previously stated, there must be posted in the insured bank's lobby under the FDIC guidelines verbiage stating this account is offered. The insurance coverage is the first $250,000 is covered by the bank and anything over and above the $250,000 is covered by the FDIC. This type of account will exist until 12-31-12.

I spoke to a branch manager at two local Chase branches and neither knew that their bank offered this type of account. In fact one manager told me that type of account only exists for businesses and handed me the FDIC instructions from FDIC's website which clearly showed that Chase had to offer that account. The manager advised me to call the FDIC which I did and received the above information. Since I had a few accounts at PNC, who had also advised me that they didn't offer a fully insured non-interest bearing account a few weeks earlier, I went to my bank and looked for the FDIC poster and there is was. I told the personal banker I wanted to covert two of my checking accounts to this type of account and showed the person their FDIC poster with the verbiage. The banker said "Oh, you want one of those accounts." So none of the bankers I spoke to had a clue about what their banks offered.



Do you by chance have a web link from the FDIC that mandates all FDIC insured banks must have the Dodd-Frank Accounts?

*****************
JESUS IS KING :king: GOD BLESS YOU ALL TAG Accounts @ WFB 3151798102
TAG Accounts @ WFB Clyde2
Clydesdale
Clydesdale
Elite Member
Elite Member

Posts : 293
Join date : 2012-01-24
Age : 40
Location : In my Father's House

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Clydesdale Wed Mar 14, 2012 2:37 am

Clydesdales are awesome I love them. I was called a "Work horse" and that is when the nickname Clydesdale took shape.

*****************
JESUS IS KING :king: GOD BLESS YOU ALL TAG Accounts @ WFB 3151798102
TAG Accounts @ WFB Clyde2
Clydesdale
Clydesdale
Elite Member
Elite Member

Posts : 293
Join date : 2012-01-24
Age : 40
Location : In my Father's House

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by tport2 Wed Mar 14, 2012 9:47 am

Clydesdale:

Here's the link: http://www.FDIC.gov/deposit/deposits/unlimited/index.html .

You'll have to copy the address into your search browser address field. It is stated

in the first line. However, this didn't convince the two Chase branch managers I spoke with.

I had to have another Chase employee in the branch speak with the FDIC employee to get the

right response from Chase.

tport2
New Member
New Member

Posts : 7
Join date : 2011-08-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by ou812 Wed Mar 14, 2012 9:50 am

Can someone please explain to me the purpose discussing TAG accounts if it expires
12/31/12 especially in regards to an RV?

ou812
Elite Member
Elite Member

Posts : 464
Join date : 2011-12-16
Location : New York

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Wed Mar 14, 2012 9:54 am

@ou812 wrote:Can someone please explain to me the purpose discussing TAG accounts if it expires
12/31/12 especially in regards to an RV?

Not me ... I don't get it ... it just doesn't make any sense .... even if they did not expire, putting your money in a zero interest account makes no sense to me.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by milleriniraq Wed Mar 14, 2012 12:10 pm

The worst part is that it's still FDIC or government insurance. The whole point is supposedly to protect yourself in case of collapse or sudden calamity. The idea that tag accounts have any more assurance than a regular account is suspect at best. I don't care what kind of disclaimer is used, this is just not a viable solution. It really surprises me that this isn't challenged more.

milleriniraq
Elite Member
Elite Member

Posts : 334
Join date : 2011-08-27

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Wed Mar 14, 2012 12:16 pm

I hear you ... I am amazed that so much emphasis is placed on them ... all else aside, why would you squirrel your money away where it's not going to grow and work for you?

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by tport2 Wed Mar 14, 2012 4:25 pm

It's amazing to me that there are those that cannot comprehend why one would not consider temporarily depositing a extremely large amount of money into an account where the full force of the federal govt will insure it and provide one some time to setup a financial team and to come to an initial decision on how to structure your legal entities and investments.

If you already have a financial team together and your legal entities setup, you probably don't need to consider a non-interest on demand checking account. We all will do what we want anyway and I'm sure almost everyone already has their financial teams and legal entities together so you're in great shape.

tport2
New Member
New Member

Posts : 7
Join date : 2011-08-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by ou812 Wed Mar 14, 2012 4:40 pm

@tport2 wrote:It's amazing to me that there are those that cannot comprehend why one would not consider temporarily depositing a extremely large amount of money into an account where the full force of the federal govt will insure it and provide one some time to setup a financial team and to come to an initial decision on how to structure your legal entities and investments.

If you already have a financial team together and your legal entities setup, you probably don't need to consider a non-interest on demand checking account. We all will do what we want anyway and I'm sure almost everyone already has their financial teams and legal entities together so you're in great shape.

I guess you're expecting an RV long before 12/31/12.

ou812
Elite Member
Elite Member

Posts : 464
Join date : 2011-12-16
Location : New York

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Clydesdale Wed Mar 14, 2012 5:00 pm

@tport2 wrote:Clydesdale:

Here's the link: http://www.FDIC.gov/deposit/deposits/unlimited/index.html .

You'll have to copy the address into your search browser address field. It is stated

in the first line. However, this didn't convince the two Chase branch managers I spoke with.

I had to have another Chase employee in the branch speak with the FDIC employee to get the

right response from Chase.




Thank you TPORT2 so much for posting that info.

*****************
JESUS IS KING :king: GOD BLESS YOU ALL TAG Accounts @ WFB 3151798102
TAG Accounts @ WFB Clyde2
Clydesdale
Clydesdale
Elite Member
Elite Member

Posts : 293
Join date : 2012-01-24
Age : 40
Location : In my Father's House

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by besh Wed Mar 14, 2012 5:18 pm

@ministerb wrote:Here it is from the horse's mouth re: TAG accounts...I hope this has not been posted as I did not see.

Important FDIC insurance updates: Beginning January 1, 2010, Wells Fargo will no longer participate in the FDIC's Transaction Account Guarantee Program.
https://www.wellsfargo.com/jump/about/fdic
© 1999 - 2012 Wells Fargo. All rights reserved. NMLSR ID 399801 Equal Housing Lender

I am not seeing that on https://www.wellsfargo.com/jump/about/fdic
Are you sure?
besh
besh
Elite Member
Elite Member

Posts : 203
Join date : 2011-10-07
Age : 108

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Kevind53 Wed Mar 14, 2012 5:21 pm

Halfway down the page:

What amount of insurance coverage do I have for my accounts?

The FDIC Standard Maximum Deposit Insurance Amount (SMDIA) for deposits has been permanently increased to $250,000 per depositor per insured financial institution. The following special rules apply to non-interesting bearing transaction accounts:

Starting December 31, 2010 through December 31, 2012: NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Starting January 1, 2013: The FDIC will no longer fully insure deposits in non-interest bearing transaction accounts (including IOLTAs). Funds in non-interest bearing transaction accounts (including IOLTAs) will be insured to at least $250,000 under the FDICs general deposit insurance rules.

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865  TAG Accounts @ WFB 2805820865
Kevind53
Kevind53
Super Moderator
Super Moderator

Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here!

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by tport2 Wed Mar 14, 2012 6:08 pm

@ou812 wrote:

I guess you're expecting an RV long before 12/31/12.

You're not?? When are you expecting it?

If it doesn't RV, the bank clicks a few buttons on the screen and the accounts are converted back to interest bearing of .5% or there abouts. If someone has $250,000 in their checking account now, they would be missing out on $12,500 minus their tax bracket but I'm not one of those. You might be.

tport2
New Member
New Member

Posts : 7
Join date : 2011-08-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by ou812 Wed Mar 14, 2012 6:11 pm

@tport2 wrote:
@ou812 wrote:

I guess you're expecting an RV long before 12/31/12.

You're not?? When are you expecting it?

If it doesn't RV, the bank clicks a few buttons on the screen and the accounts are converted back to interest bearing of .5% or there abouts. If someone has $250,000 in their checking account now, they would be missing out on $12,500 minus their tax bracket but I'm not one of those. You might be.

After being in this for six years im not all that convinced anymore that we will ever see an RV.

ou812
Elite Member
Elite Member

Posts : 464
Join date : 2011-12-16
Location : New York

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by tport2 Wed Mar 14, 2012 7:16 pm

@ou812 wrote:
@tport2 wrote:
@ou812 wrote:

I guess you're expecting an RV long before 12/31/12.

You're not?? When are you expecting it?

If it doesn't RV, the bank clicks a few buttons on the screen and the accounts are converted back to interest bearing of .5% or there abouts. If someone has $250,000 in their checking account now, they would be missing out on $12,500 minus their tax bracket but I'm not one of those. You might be.

After being in this for six years im not all that convinced anymore that we will ever see an RV.

I know what you mean!!

tport2
New Member
New Member

Posts : 7
Join date : 2011-08-04

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Clydesdale Wed Mar 14, 2012 7:37 pm

I don't know how you guys do it, I've been in this around a year and I'm tired of it already.

*****************
JESUS IS KING :king: GOD BLESS YOU ALL TAG Accounts @ WFB 3151798102
TAG Accounts @ WFB Clyde2
Clydesdale
Clydesdale
Elite Member
Elite Member

Posts : 293
Join date : 2012-01-24
Age : 40
Location : In my Father's House

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by 1alaskan Wed Mar 14, 2012 7:38 pm

tport,

Your math is a bit off,

250k at .5% is 1,250 not $12,500

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty

1alaskan
Elite Member
Elite Member

Posts : 4668
Join date : 2011-06-21
Age : 38
Location : Planet far far away

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by ou812 Wed Mar 14, 2012 7:56 pm

@Clydesdale wrote:I don't know how you guys do it, I've been in this around a year and I'm tired of it already.

Think about where your head might be if 5 years from now you are still here
asking the same question, WHEN IS THE RV.


Last edited by ou812 on Thu Mar 15, 2012 7:37 am; edited 1 time in total

ou812
Elite Member
Elite Member

Posts : 464
Join date : 2011-12-16
Location : New York

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by Clydesdale Wed Mar 14, 2012 8:07 pm

I would try to find someone willing to buy my dinar 1:1. Heck if we hit april without an RV I will be trying to find some one to buy them 1:1.

*****************
JESUS IS KING :king: GOD BLESS YOU ALL TAG Accounts @ WFB 3151798102
TAG Accounts @ WFB Clyde2
Clydesdale
Clydesdale
Elite Member
Elite Member

Posts : 293
Join date : 2012-01-24
Age : 40
Location : In my Father's House

View user profile

Back to top Go down

TAG Accounts @ WFB Empty Re: TAG Accounts @ WFB

Post by tport2 Wed Mar 14, 2012 8:51 pm

@1alaskan wrote:tport,

Your math is a bit off,

250k at .5% is 1,250 not $12,500

Thank you!

tport2
New Member
New Member

Posts : 7
Join date : 2011-08-04

View user profile

Back to top Go down

Page 1 of 2 1, 2  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum