Ariel
JP Morgan Chase: Currency Exchange and What to Expect
No exchange fees.
No spread fees.
Two forms of ID.
Receipt for currency.
Not accepting Saddam notes.
On site authentication.
Meet with branch manager 1st.
Bring 2 bill payments.
Set up second appointment.
Iranian Rial is currently the only currency on the OFAC list.
Forex Rate vs Bank Screen Rate may differ.
Unlimited Exchange of Currency. No Caps on amount.
This is coming directly from JP Morgan Chase branch manager.
Do not deal with any teller. Go directly to the manager. Do not allow anyone to tell you otherwise unless they work in the bank. Gurus are not exchanging your currency. You are.
So stop taking their words as the final say on something that doesn’t involve their opinions as to how this process will go.
You need to touch grass and walk into the banks. Stop trying to take shortcuts and wait to see what your favorite guru has to say.
Talk directly with the bank from this point forward on everything regarding your currency.
Why? Because that is the bank that will need your reserves, deposit, and capital to function in the future. Not the other way around.
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