Question Exchanging HSBC etc.
I am posting the entire question here:
Question:
"Questions for OWK"
Entry Submitted by Kiran at 1:28 PM EDT on April 5, 2017
Are all Redemption centers HSBC?
If there is no HSBC in the area, and you are exchanging at the Redemption centers or WF, how can you qualify for higher sovereign rates ?
Exchangers in Dallas TX area has no HSBC presence?
Thks for all you do OWK.
Much love and appreciation
Kiran
Answer:
HSBC will be "Represented" at EVERY Off Site Exchange Center. It does not matter if there is a "Retail" branch there or not. You can still set up an account with them and have a "Private Banking" relationship with them. Most likely, you will NEVER go in a regular bank branch EVER again. Wealthy people don’t do that and neither will you. They will come to you or make whatever arrangements you want.
However, as a side note: There will be HSBC Branches EVERYWHERE soon.
Also: They are the ONLY ones who will be exchanging Zim.
========================
Sovereign / Privately Negotiated Rates will be available at ALL Offsite locations and ALL "Designated" exchanging Bank locations as well.
BUT NOT AT OTHER NON-EXCHANGE LOCATION BANKS.
========================
I am not sure how HSBC will be "Represented" at the "designated Exchange Bank" locations that will only be exchanging the "Other" first basket currencies. But we will find out how that will work soon enough.
========================
Finally: We will be getting complete, easy to understand, step by step, instructions when this goes. Relax, all your questions will be answered "Officially" then.
May You Get Everything You Want and Live The Life Of Your Dreams/Plans
Signed: One Who Knows