Author Topic: Live chat  (Read 1847052 times)

gcr

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Re: Live chat
« Reply #6900 on: March 22, 2018, 03:45:09 pm »
I want to relate a story which quite simply is making me livid and it involves  my bank - Nedbank for whom I worked for neigh on 40 years
About 6 weeks ago I wanted to load a new beneficiary to my list on my profile - and the banks system returned an error message. I detest visiting my bank because I find the staff clumsy and award (read inefficient and poorly skilled) to resolve the matter. The bank were unable to tell me why the condition had occurred and upon writing to senior management of the bank they informed me that they had my landline as the mechanism of contact and as such that's why the error message happened, yet when I told them that all previous beneficiaries had been loaded successfully and that the authorization to proceed to load the beneficiary had always been on record and used - I merely had to respond to the message ye or no. When I pointed this out to the bank that this was the case they then informed me that the reason for blocking my ability to load beneficiaries was because I had not completed a FATCA declaration. On questioning them on what this was all about they informed me that all clients and not only clients of Nedbank are required to sign this declaration. In 2014 SA signed (along with many other countries) an accord with the USA wherein, foreign country banks provide data to SARS of all USA citizens who are holding banking accounts in these foreign countries. The principle behind this is that the IRS is trying to determine which of its citizens are holding funds in a foreign country and why they have not been declared to the IRS - this has a lot to do with terrorism and the curtailment of these activities.
So given that all bank clients are supposed to sign this declaration (my bank says it is similar to FICA - which I dispute as this legislation was tackled far more professionally to get everybody on board) I checked with a number of existing Nedbank staffmembers/and pensioners whom I know to gauge whether they had signed such a declaration - of the 8 approached not one had signed the declaration. When I visited the designated Nedbank branch to sign the declaration with a particular person he was unavailable (I have yet to sign the declaration) ask asked the frontline staff of Nedbank whether they had signed such a declaration and only 1 of 4 confirmed signing such a document. I then visited Standard Bank and ABSA in the Northgate (JHburg) centre and proceeded to engage some of their staff on this whole FATCA matter and only Standard confirmed to me that their system flags customers who have not signed a declaration but they did indicate that it was not a general rule that all their clients were required to sign the form. I further learnt that though this legislation has gone to parliament it has not been approved so in essence this is not eligible for enacting until such time as it is passed by parliament

So my question is rather who has signed this document with their bank - because to ask who has not may end up with an overwhelming no answer

Maybe one of the clever ones on this forum can run a survey schedule allowing 1 of 2 option either forumites have or haven't signed a FATCA declaration. Just as an aside those who have in fact signed this declaration are you aware as to what you signed - especially since you may only have a single citizenship, that being RSA

Interested in seeing responses

Thanks   
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Bread

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Re: Live chat
« Reply #6901 on: March 22, 2018, 07:56:53 pm »
Or not  :mad:

jaDEB

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« Reply #6902 on: March 23, 2018, 09:19:59 am »
Today I is just gonna hold on to my nuts, and look away
jaDEB

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jaDEB

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« Reply #6903 on: March 23, 2018, 10:32:18 am »
I use Google Finnace to follow Tencent & TSLA & Netflix. But they broke it, any ideas which site I can use. Will appreciate it. Damn it rained alot.
jaDEB

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Maurice

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« Reply #6904 on: March 24, 2018, 01:50:50 pm »
I use google sheets use =GOOGLEFINANCE(JSE:NPN,"price") for the current price. Just google the other symbols. It works for now.

Hamster

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Re: Live chat
« Reply #6905 on: March 26, 2018, 06:29:20 am »
Google Finance doesn't always have all the tickers (well, SA ones anyway). Bloomberg quote pages and their watchlist still works the best for me.

jaDEB

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« Reply #6906 on: March 26, 2018, 11:15:11 am »
My shares in Afrikaans. Tiensent en Netflieks :)
jaDEB

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Nivek

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« Reply #6907 on: March 26, 2018, 12:22:24 pm »
Do you have any gesigboek?

jaDEB

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« Reply #6908 on: March 26, 2018, 01:37:18 pm »
Lmao - good one, Bietjie Munt ?
jaDEB

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Moneypenny

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« Reply #6909 on: March 27, 2018, 08:29:54 am »
Het Spotify al ge-list op NYSE?
« Last Edit: March 27, 2018, 08:33:16 am by Moneypenny »

jaDEB

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« Reply #6910 on: March 27, 2018, 11:11:15 am »
looks like next week. 12 hours ago - Just a week before its initial public offering, Spotify on Monday said it expected revenues this year to grow 20 percent to 30 percent
jaDEB

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jaDEB

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« Reply #6911 on: March 28, 2018, 11:46:10 am »
:'(
jaDEB

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Patrick

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« Reply #6912 on: March 28, 2018, 12:46:44 pm »
What's up?

Bread

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Re: Live chat
« Reply #6913 on: March 28, 2018, 01:16:23 pm »
Or down?

Patrick

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« Reply #6914 on: March 28, 2018, 01:54:58 pm »
Could it be NPN?