Today I sat patiently at the bank for a good half hour before the one and only available Customer Service lady was available to serve me. I told her I wanted to open a foreign currency fixed deposit account and she took the time to explain the bank’s promotions. I was undecided as to the term of the fixed deposit and she even recommended me what seems to be the best choice for my investment.
When everything was agreed upon, she proceeded to fill up the necessary forms and got me to sign all the documents. Then came the last part – placement for the FD. I told her I’d write her a personal check but she said no. The bank would only accept cold, hard cash! Fine, I can understand that they need to lock in the exchange rate.
But I wasn’t prepared to go to the bank and queue up just to start the process all over again. So I walked out without opening the account. Maybe this is a sure sign that I shouldn’t be going into this investment.
There’s always the ETF to look forward to…now I just need to find a broker!
