Hope someone can direct this to BellaGrits for a response since she has been posting notes about Dodd/Frank recently.
Had been seeing a lot lately about making sure we have a Dodd/Frank compliant, NIB account.
I opened an NIB in February and I had gotten an email from my group that had more info and said that we could be sure we had the correct account if we signed a DSG7233 Agreement,
Read More Link On Right
I knew I did not sign one of these so I went to the bank yesterday to get the correct account set up. I spoke with a personal banker, (not mine as only second time I have been in this bank and keep in mind, DINAR was never mentioned.)
When I explained what and why I wanted the D/F compliant account, to get the extra insurance coverage for anything over $250K, (did not mention the treasury versus federal reserve notes backing with a real asset instead of the backing based on the faith of the federal gov't) he told me he had never heard of Dodd/Frank.
I explained further about the coverage versus the FDIC limited coverage and provided the agreement form # and he looked this up in his forms and said they did not have that form or he could not find it.
He was very cordial and said he would make a phone call to get the info for D/F and set it up. He spoke with someone in corporate I assumed, and he was told, and told me verbatum, "we are not allowed to advise on any of it and are not even allowed to talk about it."
Said he was told I would have to research it online thru my account. Said he was advised the customer would have to find it themselves.
I also heard from the conversation he was having that she would not allow him to tell me if it is or is not even available.
He apologized for the vagueness of this and then reiterated he had been instructed that they are not allowed to talk about it. He said he found it weird that he could not even direct me to where to find this on their website within my account online.
I found all this odd that an act of congress could be shrouded in so much implied, secrecy.
Again, hope this can be forwarded to BellaGrits or someone with knowledge of how we can get these accounts properly set up so our assets will be backed by the treasury notes/hard assets and not the federal reserve.
In Answer to above ------- Posted Yesterday, 06:18 PM By Readyforrv:
If you Google DSG7233 Agreement, you will find a post by CAP that addresses this ... you only need to use the form if you are CONVERTINF AN INTEREST BEARING ACCT to a non-interest bearing.
If you are setting up a new account, no form is required.
Also, if you walk into any WF branch, there are signs on every desk stating that non-interest bearing accts are covered under the Dodd Frank Act until 12.31.2012.
Regards & blessing! Readyforrv