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@  patabas : (20 September 2014 - 09:28 PM) Hmmm now I have 2 different answers, will ask on the bus for sure. Thanks guys.
@  mgrover1234 : (20 September 2014 - 09:24 PM) i just think he's stealing the plot of 'American Beauty'
@  bernie344 : (20 September 2014 - 09:12 PM) KH they have a word for your attraction.
@  big bo : (20 September 2014 - 06:39 PM) @patabas. have sat at Harbour Point and watched the bus stop there. Only a short walk to SM
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@  patabas : (20 September 2014 - 04:34 PM) Hello, does anyone knows, does the Victory liner bus form Clark to Olongapo pass by SM mall and if yes, is it possible to stop and exit the bus there?
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@  Peterpeter : (20 September 2014 - 12:28 PM) PI girls can't really dance?
@  nearlythere : (20 September 2014 - 11:52 AM) go alone or byo to bohol and boracay
@  nearlythere : (20 September 2014 - 11:15 AM) in the gogo bars iv been to they just stand and sway
@  TDCNINJA : (20 September 2014 - 11:06 AM) Lot of bars have pool tables
@  TDCNINJA : (20 September 2014 - 11:05 AM) Who told you that Filipinas can't dance?
@  nearlythere : (20 September 2014 - 11:01 AM) and i do like just having a few beers and a game of pool
@  nearlythere : (20 September 2014 - 11:00 AM) too bad because the pi girls cant really dance
@  TDCNINJA : (20 September 2014 - 10:55 AM) There's not really such a thing as a Thailand-style "beer bar" in Angles City.
@  nearlythere : (20 September 2014 - 10:33 AM) is premieter more beer bars or is it the same as fields with just gogos
@  mi tasol : (20 September 2014 - 05:56 AM) And i am 2 hours ahead of PI..
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Philippines Atm Bank Charges


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#1 OFFLINE   atcruz

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Posted 27 August 2013 - 10:22 AM

I could not remember if they charge for ATM use last time I went.

In Thailand they charged 150 baht every time. 

Does anyone know if all the banks charge a fee or are there any that don't in Phi?

In the UK 90% of the ATMs are free.


Edited by atcruz, 27 August 2013 - 10:22 AM.

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#2 OFFLINE   ParadiseTours

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Posted 27 August 2013 - 10:33 AM

If you are using a foreign card it usually costs 250 peso per transaction.
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#3 OFFLINE   zmxncbv

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Posted 27 August 2013 - 10:53 AM

My HSBC premier card no charge at any ATM I think the Capital1 ATM card is similar up to a certain dollar amount.
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#4 OFFLINE   ParadiseTours

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Posted 27 August 2013 - 10:56 AM

I said usually because that was my experience but yeah I've also heard of cards without charges
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#5 OFFLINE   bobbybeegood030959

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Posted 27 August 2013 - 12:03 PM

My HSBC premier card no charge at any ATM I think the Capital1 ATM card is similar up to a certain dollar amount.

Capitol1 charges 10$ usd per transaction no matter what amount.  I find I get a better rate with my Capitol 1 card plus the 10$ service charge than even sending my self money via Western Union or Xoom.


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#6 OFFLINE   zmxncbv

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Posted 27 August 2013 - 12:16 PM

Last information I read from Capital1 was they have not charges but if an out of network bank has a fee it will rebate up to $25usd per month in charged fees back to your account.
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#7 OFFLINE   Kimao

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Posted 27 August 2013 - 12:30 PM

I could not remember if they charge for ATM use last time I went.
In Thailand they charged 150 baht every time.
Does anyone know if all the banks charge a fee or are there any that don't in Phi?
In the UK 90% of the ATMs are free.


HSBC online free checking also gives an ATM with no service charges.
Even in Thailand you can use it at Aeon bank to avoid the 150 baht charge.
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#8 ONLINE   Kadachiman

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Posted 27 August 2013 - 12:38 PM

I use an Australian card.

Every ATM deduction (normally max of 10,000 pesos at a time) cost 200 pesos for the Phils ATM plus my home bank charges $4.00 per transaction.

I have looked at other options....e.g. transfer money to an "international debit card" all more expensive....so I just suck it up as a cost of living here.


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#9 OFFLINE   ParadiseTours

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Posted 27 August 2013 - 12:42 PM

I use an Australian card.

Every ATM deduction (normally max of 10,000 pesos at a time) cost 200 pesos for the Phils ATM plus my home bank charges $4.00 per transaction.

I have looked at other options....e.g. transfer money to an "international debit card" all more expensive....so I just suck it up as a cost of living here.

 

Do you actually 'live' here? If so why not open a local bank account and transfer the money internationally to avoid charges? I appreciate you'll pay shitty bank exchange rates but these won't be as bad as the obligatory charges levied by the banks


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#10 ONLINE   Kadachiman

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Posted 27 August 2013 - 12:51 PM

Yes I live here, but only 2 months so far...so really letting the dust settle before I start changing things like finances.


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#11 OFFLINE   ParadiseTours

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Posted 27 August 2013 - 12:54 PM

You don't need to change anything. Just open yourself a PI bank account as a start. I use metrobank
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#12 OFFLINE   youngwillie

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Posted 27 August 2013 - 12:55 PM

I think they all charge. Some of the banks (BDO could be one) will charge you and limit the amount you can withdraw in a single transaction, so if you want to take 10,000 PHP it will cost a minimum of 750 PHP to do it. The HSBC machines don't charge and I don't think the Citibank ones do either. The HSBC will give 20,000 as a single transaction. If you are in the UK, (you mention the cost of ATMs here) try to get yourself one of those prepaid currency cards before you go and "load" it before you go. I have one from Fairfx and another from Caxton. I set up both through the Money Saving Expert website and the set-up fee was waived when I did it through there. I get charged about £4 to withdraw about £200 on the Fairfx. The Caxton one is a bit more. It works out a lot better than using the RBS account who charge about £11 for withdrawing the same amount, i.e. £200. Hope this helps.


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#13 OFFLINE   zmxncbv

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Posted 27 August 2013 - 12:56 PM

Do you need a ACR card to open your account?


Edited by MrHammer3000, 27 August 2013 - 02:12 PM.

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#14 OFFLINE   youngwillie

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Posted 27 August 2013 - 12:57 PM

Didn't mean to write that in bold. Sorry.


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#15 OFFLINE   ParadiseTours

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Posted 27 August 2013 - 12:58 PM

I think they all charge. Some of the banks (BDO could be one) will charge you and limit the amount you can withdraw in a single transaction, so if you want to take 10,000 PHP it will cost a minimum of 750 PHP to do it. The HSBC machines don't charge and I don't think the Citibank ones do either. The HSBC will give 20,000 as a single transaction. If you are in the UK, (you mention the cost of ATMs here) try to get yourself one of those prepaid currency cards before you go and "load" it before you go. I have one from Fairfx and another from Caxton. I set up both through the Money Saving Expert website and the set-up fee was waived when I did it through there. I get charged about £4 to withdraw about £200 on the Fairfx. The Caxton one is a bit more. It works out a lot better than using the RBS account who charge about £11 for withdrawing the same amount, i.e. £200. Hope this helps.


You can get 10k per transaction at bdo with a fee of 250 but they'll only let you get 30k a day so yes 750 in charges
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#16 OFFLINE   Shanghai88

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Posted 27 August 2013 - 12:59 PM

I use Ozforex for money transfer....best rates with very very small commission...and i live here


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#17 OFFLINE   Tukaram

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Posted 27 August 2013 - 02:38 PM

I can't remember... BDO charges me p200 or p250 but USAA refunds it so I don't care.


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#18 OFFLINE   teedeeboy

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Posted 27 August 2013 - 09:56 PM

I could not remember if they charge for ATM use last time I went.

In Thailand they charged 150 baht every time. 

Does anyone know if all the banks charge a fee or are there any that don't in Phi?

In the UK 90% of the ATMs are free.

From the UK you can get a Norwich & Peterborough debit card which has a good exchange rate and no ATM fees, compared to around 2.75% plus £1 for a High Street bank's debit card.


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#19 OFFLINE   TheCatFish

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Posted 27 August 2013 - 10:11 PM

Capitol1 charges 10$ usd per transaction no matter what amount.  I find I get a better rate with my Capitol 1 card plus the 10$ service charge than even sending my self money via Western Union or Xoom.

So you have opened a WU account.  You login and setup a payment to the local WU office, charge it to your bank account and pick it up a few hours later?  You wait for a confirmation code before going to the WU office?  Is the WU charge like 5 - 8 bucks US?

 

My ex sends money to her folks, she said it costs less to send it to them in the Philippines than to send to her kids in the states.


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#20 OFFLINE   JerryK52

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Posted 27 August 2013 - 10:46 PM

Yes I live here, but only 2 months so far...so really letting the dust settle before I start changing things like finances.

As others have commented, not required to change up your finances all that much.  Various ways of working this out and best for you to think out what your requirements are so you can implement a process which works best for you.  Think about safety and convenience as your building blocks.

 

Safety:

-  Keep your money and direct deposits (pensions/income) in your home country bank and set up a process where you can get money as you need it.

-  Don't keep large amount of cash in your pocket or at your home in the PI.

-  Keep an emergency fund amount in your PI bank account so it is available when needed (aka bugout fund).

 

Convenience:

-  Check with your bank in your home country to see which banks in the Philippines are set up within their financial system to electronically transfer funds and any associated fees.

-  Select a PI bank that is on your home bank's list, that has a banking office location near your PI home.  Suggest one of the nationwide banks so you will have access all across the PI.

-  Set up a Savings/ATM account in PI and then set up a bank to bank transfer account.  Check the fine print on the account type and ensure you understand minimum balance and fee charges.  Easy to set one up such that if you maintain a minimum balance there are no account fees or ATM use fees as long as you stayed within the banking network.  You can also set up linked accounts where you can transfer funding from your home bank to your primary PI account (yours) and have secondary Savings/ATM account card (spouse/girlfriend) that you can then transfer money to from your primary account.

-  All set up for online banking.  No paper work, no standing in line and no waiting for the money to show up.

 

Lots of ways to minimize fees and get best exchange rates, but you might find that keeping your money safe while having convenient access worth a few dollars a month.   


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#21 OFFLINE   RonnieGB

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Posted 27 August 2013 - 11:12 PM

hsbc premier no charges :)


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#22 ONLINE   Chris in Makati

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Posted 28 August 2013 - 01:49 AM

The HSBC machines don't charge and I don't think the Citibank ones do either. The HSBC will give 20,000 as a single transaction.

 

In fact the HSBC machines will give you up to 40,000 Pesos in a single transaction.


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#23 OFFLINE   scuba539

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Posted 28 August 2013 - 03:13 AM

I also live here and use Xoom.com and send myself money directly from my US bank account in USD. Once this is set up, you just go to the Xoom web site, log in and transfer the money to yourself. It only takes a couple of minutes and it is ready for pickup.  Cost is based on the amount you send. For $2000 USD it cost $15 US. BDO in SM Mall is the only place I have found that cares this much USD and the bills are all new and crisp so exchanging them is simple. Reason I send USD is I can then exchange money on the street when the exchange is favorable. If you send it in Pesos the exchange is a lot less and in the end it cost more then the Xoom fee.

 

 

Do you need a ACR card to open your account?

Yes you do need this card to set up an account here in the Philippines.


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#24 OFFLINE   lolo

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Posted 28 August 2013 - 05:18 AM

Citibank waves all of my international fees and ATM fees if I use citi branch. You need a special account and it works great. I even have a letter stating my fees are waved. Been with Citibank for over 12yrs and it works great.  When in Thailand use AON bank because of know ATM fees.


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#25 OFFLINE   ParadiseTours

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Posted 28 August 2013 - 06:17 AM

I also live here and use Xoom.com and send myself money directly from my US bank account in USD. Once this is set up, you just go to the Xoom web site, log in and transfer the money to yourself. It only takes a couple of minutes and it is ready for pickup.  Cost is based on the amount you send. For $2000 USD it cost $15 US. BDO in SM Mall is the only place I have found that cares this much USD and the bills are all new and crisp so exchanging them is simple. Reason I send USD is I can then exchange money on the street when the exchange is favorable. If you send it in Pesos the exchange is a lot less and in the end it cost more then the Xoom fee.

 

 

Yes you do need this card to set up an account here in the Philippines.

 

So you use xoom.com to transfer to a local PI bank account in your name mate?


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