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Can't you say it was a gift??Galvatron wrote:Recently opened a USD account. My bank require proof of funds deposited into the account.
I recently bought some USD from a visiting national. Seeing that only financial institutions have the authority to buy and sell forex, is there anyway I can get around this and deposit the cash into my account?
Dizzy28 wrote:Can't you say it was a gift??Galvatron wrote:Recently opened a USD account. My bank require proof of funds deposited into the account.
I recently bought some USD from a visiting national. Seeing that only financial institutions have the authority to buy and sell forex, is there anyway I can get around this and deposit the cash into my account?
maj. tom wrote:The way things going boy, buy a Serta in Pricesmart. The bank will just take your money and then tell you it not available when you want it.
Kenjo wrote:maj. tom wrote:The way things going boy, buy a Serta in Pricesmart. The bank will just take your money and then tell you it not available when you want it.
Yes I don’t think anyone warned him about this . To get back money from US$ accounts is pressure . As you walk out the door it’s given to someone else at their increased exchange rate and won’t be available physically to you , they will then hit you all the Goldilocks and 3 bears story after
Can you accept payment in USD?Galvatron wrote:Recently opened a USD account. My bank require proof of funds deposited into the account.
I recently bought some USD from a visiting national. Seeing that only financial institutions have the authority to buy and sell forex, is there anyway I can get around this and deposit the cash into my account?
xtech wrote:the service fees is a killer.
I cant get USD from the bank but they taking out of my account every month. I made a request that they take the fee from my TTD account because I need USD to do biz and it already hard to get and my account manager flat out said no sorry not possible.
xtech wrote:I am currently posting this while in hiding.
Could never understand why this happens .....it's your cash you deposit into your account and you cannot get it whether it's one week , one month or one year later.......banking system sickening in tnt.....especially for Forex.Gem_in_i wrote:Kenjo wrote:maj. tom wrote:The way things going boy, buy a Serta in Pricesmart. The bank will just take your money and then tell you it not available when you want it.
Yes I don’t think anyone warned him about this . To get back money from US$ accounts is pressure . As you walk out the door it’s given to someone else at their increased exchange rate and won’t be available physically to you , they will then hit you all the Goldilocks and 3 bears story after
This! Cant get your own money or the amount you want, anytime you want.
SR wrote:Carefull your monthly service charges are more than interest on the account....rbc likes big balances to break even on interest
Dizzy28 wrote:SR wrote:Carefull your monthly service charges are more than interest on the account....rbc likes big balances to break even on interest
The paltry US$ I have in a UTC US account luckily attracts no service fees. The quarterly interest is around 0.8% now down from 6% when I first took out that account.
Stress to access the money though.
Rockram wrote:Dizzy28 wrote:SR wrote:Carefull your monthly service charges are more than interest on the account....rbc likes big balances to break even on interest
The paltry US$ I have in a UTC US account luckily attracts no service fees. The quarterly interest is around 0.8% now down from 6% when I first took out that account.
Stress to access the money though.
It's stress to get the hard currency but i recently withdrew all my USD funds from Unit Trust easily via a CITIBANK Check, used most for the MPC IPO and opened an account with JMMB with the balance, one of the few banks that offer zero fees on a Forex Account.
Dizzy28 wrote:Rockram wrote:Dizzy28 wrote:SR wrote:Carefull your monthly service charges are more than interest on the account....rbc likes big balances to break even on interest
The paltry US$ I have in a UTC US account luckily attracts no service fees. The quarterly interest is around 0.8% now down from 6% when I first took out that account.
Stress to access the money though.
It's stress to get the hard currency but i recently withdrew all my USD funds from Unit Trust easily via a CITIBANK Check, used most for the MPC IPO and opened an account with JMMB with the balance, one of the few banks that offer zero fees on a Forex Account.
How hard is it to get physical US$ in JMMB?
This is true. I know someone that's been a business customer with them for years and because he does not need to borrow from them ...or any bank at all....they forced him to take a loan saying that's the only way he would access their forex supply for his business needs.Ben_spanna wrote:Found out yesterday that a certain Bank - the reason why you get problems to get foreign Exchange for your company is Because youre NOT a borrowing customer- to hell with the Fact that you have been banking with them for over 40 years... if youre NOT a borrowing customer then you are not on a preferred list to get FOREX.
So screw relationships with the bank, its all about if you owe them money .....
Ben_spanna wrote:Found out yesterday that a certain Bank - the reason why you get problems to get foreign Exchange for your company is Because youre NOT a borrowing customer- to hell with the Fact that you have been banking with them for over 40 years... if youre NOT a borrowing customer then you are not on a preferred list to get FOREX.
So screw relationships with the bank, its all about if you owe them money .....
Didn't realise the matter concluded, niceRedVEVO wrote:^^
He sued the State .
Sued = Court Action
He won !!!
sMASH wrote:Didn't realise the matter concluded, niceRedVEVO wrote:^^
He sued the State .
Sued = Court Action
He won !!!
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