Updated List of Bank Perks

TNT:

LC:   Updated 7-7-19 List of Bank Perks

DISCLAIMER: Some of these bank perks will be based on the amount you are depositing or the quantity of currency you or your family group have to exchange.  I hope this info will be helpful to everyone to negotiate during your bank appointment.
 
Bank Perks
 
1.     No exchange or spread fees ever for foreign currency exchanges

2.     Stability rates for customers holding large amounts of currency (new)

3.     Bank Tier 2 long term contracts for qualified depositors (new)

4.     IMF humanitarian projects (new)

5.     Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an overnight high yield interest rate account that will yield a minimum of 1% per month. 
  
6.     Family Office Services

7.     Perks can be based on AUM (Assets Under Management) in a tier grid

8.     Discounts on AUM fees

9.     No fees ever - no fee to deposit/wire transfer money

10.    No Broker fees ever

11.     Free Safe Deposit Box, Certified Checks, Notarized, Courier Services

12.    Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers)  

13.    Provide Senior Wealth Managers/Investment Bankers for selection

14.   Tax/Business/Estate Attorney & CPA

15.    Private transactions representation –assistance in buying a house/car/anything

16.    Free Due Diligence Services provided for outside investment opportunities

17.    100% funding availability

18.    Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees

19.     Line of Credit available

20.    Group Health Insurance - to cover the signers and families of depositors

21.     Guarantee 12-15% interest per year on deposits

22.     Bank Trading Platforms & Repurchase Agreement Sweep Accounts

23.    Short Term/High Yield Interest Rates

24.    Assist in opening an offshore bank account with affiliate bank for foreign investments

25.    Access to information on great investment opportunities

26.    Pre-IPO deals

27.     Provide free Executive Privacy Plus subscription with Reputation.com

28.    Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals,   College Bowls, NCAA Final Four, World Series & the Olympics. Based on AUM in a tier grid 

29.   Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid

30.    Limousine & VIP transportation based on AUM in a tier grid

31.    Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in a tier grid on flight hours per month

32.    First Class seats/commercial airlines based on AUM in a tier grid

33.    Private Yacht access/usage (40 hrs. annually) based on  AUM in a tier grid on access/usage hours per year

34.   Donations to our favorite charities (Banks matching a certain percentage)

35.   Prime seats at charity events

36.    Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM

37.   Membership fee & Annual fees to Inspirato Core resorts & residences

38.   Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually

39.   ClubCorp Private Membership based on AUM

40.   Spa & Massage Club Membership based on AUM in a tier grid

41.    Concierge Services 24/7 based on AUM

42.    Provide a free Vertu Ti cell phone & concierge subscription service for members with $1 million and over AUM

43.    Free Family Financial Education provided for group family members
44.   Provide any and all other perks that was not mentioned
 
AUM - Assets Under Management
 
Global Leader Risk Mitigation & Response

www.Kroll.com
 
Luxury Destination Clubs

www.Inspirato.com            

www.ExclusiveResorts.com

www.Marriott.com/loyalty.mi (new)

Private Business Club

www.ClubCorp.com

.Currency Exchange Checklist and Tips for Banking Appointment

From Recaps Archives

Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.

Bank appointment for Currency EXCHANGE Instructions/Checklist

Bank Name_________________________________________

Bank 800#__________________________________________

“I am calling to schedule a foreign currency exchange”

My name is___________________________________________

My zip code is__________________

My e-mail address is  (If they ask for it)________________________________

I have________________________ IQN/IQD (Iraqi)currency

I have________________________VNN/VND (Vietnamese)currency

I have________________________1000 notes from2000 of IDN (Indonesian)currency

I have_________100Trillion,________50Trillion,_______20Trillionand_______10Trillion
2008 AA notes of ZWN(Zimbabwe)currency

FILL IN THE BLANKS for EXCHANGE appointment information that you get from the call
center representative:

Your appointment Information:

Date_________________________

TIME_________________________

The Location____________________

------------

The Day of Your Appointment- Things To Do

1. Make sure you know where you are going. Arrive early so you can “get yourself together, take a deep breath”.

Do not loiter. If you are too early, stay SECURELY in the general area but not in the bank
parking lot! 

2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in line so be thoughtful of their time as well.

You will have time for questions at your second appointment with your new Private Banker/Wealth Manager.

3. Be discrete, be professional, and be alert and aware of your surroundings.  BREATHE!   Seriously consider hiring security to accompany you to your appointment or bring  a trusted friend.

4. Collect business cards from everyone or take their name and phone numbers as well as the location of their regular branch office.

5. Read and Sign the NDA. If it is simple and states you cannot tell anyone except your spouse, lawyer, or CPA (These are the people that need to know how you came about your money for tax purposes) how you came about all of your new found wealth, sign it and move forward with your exchange.

Be prepared to uphold it!

If you break the terms, you could lose your newfound wealth.

If the NDA is more complex and you  are not comfortable with it, simply let them know you would like to explore your options with another banking institution. They may or may not waive the NDA.  

REMEMBER TO GET A COPY OF THE NDA IF YOU SIGNED IT.

The Day of Your Appointment Things NOT To Do

Do not demand anything while at the bank or act like a lunatic, you will be escorted out.

Remember the Golden Rule “Treat others the way you wish to be Treated”!!!

------------

Items to Bring to the EXCHANGE Appointment

(Check off the list as you put all items needed together to make sure you remember everything)

“Driver’s License

“Second form of ID (accredit card or passport)

“Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or for another form of ID

“Power of Attorney Paperwork (If you are exchanging for someone else)

“A pad, pen to take notes, calculator

“Receipts for all currency purchased or gifting letter if  they were a gift in case they are needed (Do not offer them, only do so if they are requested)

“IQN / VNN / IDN / ZWN currency

“Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses and Social Security Numbers written down that you want listed on your accounts.

You can have multiple TOD designations per account (Wife/Husband, Children, Grandchildren, Nieces/Nephews, etc.)

“Have a list of Cashier’s Checks you will need, if any, along with the exact amounts and who they need to be Payable to

“Decide in advance if you will be requesting cash for “Pocket Money” beforehand and how much.

DO NOT get more than $9,500 unless you would like Uncle Sam to visit you. Also remember the more you take with you, the bigger the target you are for thieves!  BE SMART!!!  Do you have a safe to store Cash In ??

“Know the ceiling rate!!! Make sure you do not get hit with a Spread Fee!  If you do not like the spread fee they are charging simply let them know  (In a Professional manner) you will go to another bank.

-----------

New Account Numbers for each Currency EXCHANGED

( DO NOT EXCHANGE ALL CURRENCIES IN TO ONE ACCOUNT, OPEN SEPARATE ACCOUNTS FOR EACH CURRENCY!!!!)  Note- this may be outdated information…….

Name of Bank Exchanger____________________________________________

Bank____________________________________________

Branch___________________________________________

IQN/IQD Checking Account Number__________________________________________

IQN/IQD Checking Routing Number__________________________________________

IQN/IQD Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

Add TOD (Transferable on Death) Names to Accounts (Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds __________

------------

VNN/VND Checking Account Number__________________________________________

VNN/VND Checking Routing Number__________________________________________

VNN/VND Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

“Add TOD (Transferable on Death) Names to Accounts ( Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one 

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds____________

-------------

Zim Checking Account Number__________________________________________

ZIm Checking Routing Number__________________________________________

Zim Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

“Add TOD (Transferable on Death) Names to Accounts ( Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one 

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds

(Use the same format for Rupiah and Rial or other currencies if they are also exchangeable at this time)

DID YOU GET A COPY OF YOUR SIGNED NDA?

Set second appointment with a Private Banker or Wealth  Manager  (The bank will guide as to who you need to speak with based on your EXCHANGE/deposit amount

This appointment will be the one in which you discuss all of your options for investment and
your “perks”

Private Banker Name__________________________
 
Telephone Number____________________________

Appointment time______________

Location___________________________

(Dinar Recaps Note: You may also want to have a list of "perks" with you so you know which ones are important to you)

.Adding Value

Adding Value

Adam M. Grossman  |  September 1, 2019

NIKOLA TESLA was a brilliant inventor, with nearly 300 patents to his name. He also had some unique habits. Among them: Every night, before he sat down for dinner, he would ask his waiter for a stack of 18 napkins. He would then use them to carefully wipe down his silverware.

Even at the Waldorf Astoria hotel, where Tesla lived for decades and where the silverware was presumably clean, Tesla insisted on this time-consuming process before every meal.

The first napkin, and perhaps the second, might have ensured a somewhat cleaner set of utensils—and it probably gave Tesla, who had contracted a debilitating infection as a child, additional peace of mind. That’s what economists would call positive marginal utility. It served some use.

But beyond that, it’s hard to imagine that all that additional cleaning and scrubbing contributed much. It just took time. That’s called negative marginal utility. It consumed time without adding any value.

When it comes to managing your finances, I suggest looking at things through this same lens.

The financial world, unlike more scientific fields, is full of uncertainty. In many situations, additional effort won’t get you any closer to a better answer—just as wiping down the silverware for the 18th time won’t make it any cleaner.

This notion strikes many folks as counterintuitive. When we were children, we were taught to work hard—and indeed, in most endeavors, additional effort does yield a better result. But in the world of finance, it’s more nuanced.

Historically, when people talked about personal finance, they focused primarily on investment-related questions—which way the market was going, which stocks were hot and so forth. For years, these kinds of questions received the lion’s share of attention from both experts and everyday Americans.

 But research has shown that time spent on these questions often isn’t time well-spent.

Stock picking, market timing and economic analysis rarely yield positive returns. What’s worse, these activities also tend to leave investors with higher investment costs and bigger tax bills.

To continue reading, please go to the original article at

https://humbledollar.com/2019/09/adding-value/

.12 Things A Lottery Winner Should Never Do

12 Things A Lottery Winner Should Never Do

From the Dinar Recaps Archives originally posted on 7/4/2019

Powerball & Mega Millions Lottery Above $650 Million:

12 Things the Winner Should Never Do

By Douglas A. McIntyre July 3, 2016 9:30 am EDT

This advice is worthy for any sudden wealth situation

It looks like lottery history is in the making for this holiday weekend. Neither the Powerball nor Mega Millions lotteries have produced a winner for the hundreds of millions of dollars up for grabs from June into July. With Mega Millions now rolling up to $415 million and with the Powerball now at $243 million, this now puts the weekend of July 1, 2016 as having a whopping $658 million combined.

The Mega Millions drawing is set for Friday, July 1 and the Powerball drawing is set for Saturday, July 2. There already could be a winner

It seems that the new American Dream is winning the lottery. After all, you can become filthy rich in an instant. Winning the lottery also has to sound much more exciting than a life of hard work followed by a lifetime of savings and being responsible. Besides that, the media and the politicians keep telling you how hard it is to get ahead and to succeed in life these days.
...

The odds should have generated a major winner in each of these lotteries by now. What is amazing is that the $658 million combined would not represent a record lottery even if it was combined. If no winners come this weekend, then they will likely roll up to around $700 million.

Lottery players must know that the cash option is lower. The annuity value of $415 million for the Mega Millions would be $286.4 million for the cash option, while the Powerball annuity value of $243 million would be just over $165.9 million for the cash value. Whether lottery winners take the annuity or the cash option, either lottery should be generating multi-generational wealth.

What lottery winners have to understand is that sudden extreme wealth brings the need for sudden extreme responsibility.

This is why 24/7 Wall St. has created the 12 Things Not to Do If You Win the Lottery.

Can you imagine winning a sum of over $100 million, $200 million, or $300 million? Even after you back out the cash discounts and the taxes, this is empire-building money.

To continue reading, please go to the original article at

http://247wallst.com/investing/2016/07/03/powerball-and-mega-millions-lottery-above-650-million-12-things-the-winner-should-never-do/

List of Bank Services to Request or find Out About

From Recaps Archives

(Feel Free to use which of these Suggestions may fit your own personal circumstances and discard those that don't)

List of Bank Services to Request or find out about

LIST OF BANK SERVICES TO REQUEST

Ask the private banker or bank manager to provide the following items:

1. No spread fees or bank fees of any kind charged on the currency exchange.
(With the “1% over-nights”, the “Quarterlies” and the “fractional banking loans”, this should not be an issue.)

2. Highest interest rates available to be paid on my accounts.

Forever Waive all bank account fees, cashier’s check fees, notary fees, wire fees etc.

Bank to provide and pay for insurance to cover all account balances. Lloyds of London - Abbott Downing with WF for accts with over 50M$

5. Access to information on investments such as pre-IPOs, real estate (REO), and bank trading and sweep accounts.

6. Bank to provide a team to include a Tax attorney, CPA, wealth planner, trust attorney, Estate planning, etc.

Private bank debit card such as opal or black card with no RFID

Multiple insurance types (Health, kidnapping, etc.)

Low or no interest loans rate if needed in the future

Increased ATM withdraw limits and Use of out of network ATMs without fees

12. No foreign exchange fees for debit card usage outside the U.S.

13. Concierge services (possible Vertu phone for mainland), First class travel arrangements as needed.

14. Unlimited limo service when visiting any city, in any country other than my hometown.

15. VIP Concert tickets

The following benefits will be available and apply to all accounts as long as a minimum balance of $____________USD (or it’s equivalent) is held in one or more Wells Fargo accounts by ____________ Trust or another entity who’s primary signatory is the client, _________________________.

All benefits will be available for my immediate family (son, daughter and their domestic partners) as long as the above requirement is maintained.

Banking Services
Complimentary Notary Services
Free courier services and overnight delivery with return
Two free safe deposit boxes (largest available, at preferred branches)
No fee/charge for cashing any form of check.
Free Traveler’s Checks

Wires and Bank Checks
No fees/charges for obtaining certified/cashier’s checks or money orders.
No fees/charges for sending/receiving domestic or international wires.

Foreign Exchange
No spread fees or foreign currency exchange fees on foreign currency exchange.
Bank rate (“no spread,” zero difference) on all currency exchanges.

ATM/Debit and Credit Cards
No annual fees on all credit cards
Zero percent APR on all credit cards (Visa, MasterCard, et al) for purchases and cash advances if paid in full within six months, followed by 2% APR on any remaining balances.
No cash advance fees.
Fully adjustable debit and credit card withdrawal limits set by card holder, changeable 24/7
Guaranteed “next day” replacement of lost or stolen cards.
No fees for additional debit cards (ie “linked” debit cards for employees, children, home staff, et al with specific monthly spending and withdrawal limits set for each cardholder.)

Checking and Savings Accounts
As stated above, all accounts shall be free of all bank fees and service charges as long as the client maintains a balance of $______________________USD (or it’s equivalent) is held in the client’s accounts.

These fees/charges include, but are not limited to:

Free checks (No fees or charges for any checks, including online overnight checks/payments from BillPay).

No online banking fees, checking account or savings account fees; No ATM or human teller fees, non-system ATM fees, debit or credit card fees.

No international/foreign transaction fees; transfer redirection charges, overdraft fees, excess transfer fees, returned deposit fees, stop payment fees.

No monthly or annual account maintenance/service fees or card fees, inactivity fees, account closing fees, lost card/replacement card fees.

Any “non-system” or “out of system” banking or ATM charges/fees will be paid for by Wells Fargo and reimbursed to my account within three business days.

In the event of any accounts being closed, all estate administrator fees will be paid by Wells Fargo.

Loans
Maximum 0.5 percent above Wells Fargo’s ________ bank rate from mortgages, real estate, auto and business loans

No loan application fees

Transactions
There will be no limitations of time or amount, penalties, charges or fees on transfer or withdrawal of funds from any of the client’s accounts.

Concierge Services and Misc Benefits
Complimentary Concierge Services 24/7
Complimentary premier lounge access at airports, ballparks, arenas, hotels, clubs, et al worldwide.

Insurance
Lloyd’s of London or Abbott Downing insurance coverage for all accounts.

Private Banking
Dedicated Private Banker / private banking services available 24/7
Upon request Private Banking will provide information and access to pre-IPO offerings and other “by invitation only” investment offerings.
No charges, fees or annual membership dues for full and unlimited access to Wells Fargo Commercial Electronic Office® (CEO) Portal or similar online executive banking management and market analysis services.
After hour appointments on request

Dispute Resolution
Any and all disputes will be resolved by an independent third-party mediator.
Their opinion will be binding and serve as a final ruling.
All parties will honor and abide by their decision.

.Manage Money Based On Reality

Don’t Live a Financial Fantasy: Manage Money Based On Reality

Post From Brave Saver

 $800.

That’s what I consistently spend on monthly groceries for our family of four.But I’m not always happy with that number.

Other finance bloggers spend far, far less — sometimes as little as $100 per person, per month.

I compare my budget that’s double that and wonder, why can’t I do that too? I get sucked into googling how to save on groceries, looking for an easy answer or a simple way to spend less on food. I obsess over my meal plans and grocery mailers and coupons until my eyes cross.

Other times I tell myself: It’s fine! I’m trying! Feeding a family is no easy thing, and our spending is below the average for a family of four. I already keep costs low while feeding everyone, and my spending is consistent. I’m doing great, really, and there’s just no room or need for improvement.

In both cases, I’ve noticed something happens: I idealize a financial situation — either someone else’s or my own. 

When I Idealize Other People’s Finances

In the first case, I look at someone else’s situation and automatically view that as the ideal. In this example, it’s other people’s grocery budgets. But it also happens with their debt-free lifestyles, higher savings rates, or more-impressive freelance incomes.

I see someone doing better than me and get starry-eyed and a little jealous. There’s a compulsion to try to accomplish the same. To show I can put in the hard work to earn the same outcomes.

But why do I idealize others’ finances? Why do I look at their money situation from the outside and see only easy success?

Because I want it to be as easy as it looks — easy enough that I can do it, too. I want that idealized version of money management that promises results and always delivers. I want to know that if I only follow this financial advice, I’ll always get amazing results.

When I idealize other’s finances, however, I’m missing the steep costs that are paid to reach that success. While cutting groceries costs looks easy when it’s packaged into a slick list of 10 tips, that doesn’t mean it is. It doesn’t reflect the author’s effort coming up with these tips. Or how hard it was to apply them to build a consistently frugal system for buying groceries.

When I idealize others’ money, I buy into the fantasy that money is easy, the myth that these one-size-fits-all solutions will work for me.

When I Idealize My Own Money

I don’t just idealize other’s finances, however. I’ve noticed another pattern that crops up: I idealize my own finances.

I minimize money issues, smooth over financial bumps, and tell myself I’m already doing my absolute best. My grocery budget or money simply is what it is — and it can’t really be changed, I say to myself.

Or I justify my car loan and why I’m not yet focused on paying it off. I tell myself that my retirement savings rate is already okay, that saving at all puts me ahead of the average person, anyway.

To continue reading, please go to the original article at

https://bravesaver.com/2019/08/07/financial-fantasy-money-reality/