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Old 08-08-2010, 12:37 PM   #41
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Your credit union sux. Of the 6 credit unions I've been a member of none did what you are explaining. I'm not doubting what you are saying.
You are probably right. But they do have great rates on their reward checking so we are going to keep them for that only.

I guess if we switch credit unions in the future I know now what to ask. But back when we opened the account I didn't think to ask questions about things like bill pay times and hold times because it had never been a problem for us anywhere else.
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Old 08-09-2010, 11:32 PM   #42
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[QUOTE=Finance Dave;963766]Yes, there may be a disadvantage. Many credit unions don't have access to some of the more fancy "services" as the banks do. For example, I went to buy Euros last week for my trip to Germany next year (wanted to lock in the rate). My credit union does not sell foreign currencies. Local banks do sell, but you must be a customer with a minimum history and balance of x. "

At least some AAA branches sell foreign currency, as well as some American Express Travel service offices (both Travelers Checks and currency) If you have an Amex card you can buy at the amex office. (Limits vary by the color of the card of course)
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Old 08-10-2010, 04:19 AM   #43
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Originally Posted by Finance Dave View Post
Local banks do sell, but you must be a customer with a minimum history and balance of x.
Wow. You can walk into any European bank with non-drug-dealer amounts of US$ cash and convert it to Euros on the spot. Has Homeland Security declared that you need a background check to buy "furren" money?
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Old 08-10-2010, 05:41 PM   #44
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Wow. You can walk into any European bank with non-drug-dealer amounts of US$ cash and convert it to Euros on the spot. Has Homeland Security declared that you need a background check to buy "furren" money?
I have never seen a limit in any US institution, but then again, I have never attempted to convert a large amount. The only Homeland Security directive that I've seen is that you have to let them know on your customs declaration if you bring greater than US$10K or equivalent in another currency.
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Old 08-10-2010, 06:32 PM   #45
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I have never seen a limit in any US institution, but then again, I have never attempted to convert a large amount. The only Homeland Security directive that I've seen is that you have to let them know on your customs declaration if you bring greater than US$10K or equivalent in another currency.
It's actually a federal statute, not a DHS directive.
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