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@  grahamuk : (28 September 2016 - 10:06 AM)

Beating around Beating about...same same.

@  ccrider : (28 September 2016 - 07:47 AM)

I think Jon Benets Brother killed her. She got what she wanted for Christmas and he didn't...really, that is my theory. Spoiled brats.

@  doctor who : (28 September 2016 - 03:59 AM)

any Americans know who killed Jonbenet,, if thats how you spell her Name,, Shoot me if iv got it wrong

@  doctor who : (28 September 2016 - 03:57 AM)

Red Guy i put my hands up please shoot Me ,,i deserve it,,

@  reders2 : (28 September 2016 - 02:18 AM)

Hope the AUD keeps going, I was there in Nov 14 and back again this November. Can't wait to get back

@  Melanesian : (28 September 2016 - 02:02 AM)

Good news for my fellow Aussies with the dollar at 37Php, Highest since Dec 2014

@  Red Guy : (28 September 2016 - 12:05 AM)

@docwho you said No Beating ABOUT the Bush not around. So what you said has different meaning in context to LGH

@  kantutero : (27 September 2016 - 10:36 PM)

We use that expression on this side of the pond also

@  doctor who : (27 September 2016 - 10:12 PM)

Red Guy,, maybe you Miss understood the meaning of ,:No Beating around the Bush,, i was making that remark to Tangfu,J, its a Pommie saying for , st8 talking ,, i think you are American so it wouldnt be an American saying ,, The Poms would understand,, Im a Pom,so i can use that term

@  richie155 : (27 September 2016 - 02:31 PM)

@tangfu_jim, thanks for the reply

@  teedeeboy : (27 September 2016 - 01:45 PM)

Jim, there was a long and interesting article published ten days ago in an obscure magazine which analyses his disappearance and the messages sent from his phone later. It also names many names. Would it be inappropriate to try to post a link?

@  grahamuk : (27 September 2016 - 12:21 PM)

Oh nooo... not a suggestion of dishonesty in AC. lol

@  Red Guy : (27 September 2016 - 12:17 PM)

No beating about the Bush haha well he blew out of town so what does that tell you?

@  tangfu_jim : (27 September 2016 - 11:53 AM)

@doctor who See Rule 30A. The Topic was felt to breach that Rule.

@  doctor who : (27 September 2016 - 11:19 AM)

tangfu_jim, well that seems ok to me, no beating about the Bush ,just a st8 answer ..

@  tangfu_jim : (27 September 2016 - 09:07 AM)

@richie155 It was deleted as there were some speculative assertions made which do not belong on this board.

@  tequilareef : (27 September 2016 - 05:02 AM)

As you guys should know we try to be transparent. As time goes by more people tend to try to play games. I hope our actions are consistent as I believe they are as well as they can be. Obviously we do make mistakes freely admitting them too

@  hoegaarden_p : (27 September 2016 - 04:58 AM)

seems some topics are taboo and/or frowned upon..Seems to have gotten worse as the years have gone by

@  doctor who : (27 September 2016 - 04:15 AM)

Kanttutero,, this is a forum , and if we had a topic blocked its a fare Question? dont you think,, Or should we only Pm the Team with secret Questions and let them Answer in secret replies, we used to call that the PURPLE Circle,,whats the point of having a forum if we can only PM the A,team

@  kantutero : (26 September 2016 - 06:05 PM)

Why not PM the moderator rather than draw attention to it here?



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Philippines Atm Bank Charges


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34 replies to this topic

#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.

#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.

#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

#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.



#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.

#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.

#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.



#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.



#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

#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.



#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.


#14 OFFLINE   youngwillie

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Posted 27 August 2013 - 12:57 PM

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



#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

#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



#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.



#18 ONLINE   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.



#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.



#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.   



#21 ONLINE   RonnieGB

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Posted 27 August 2013 - 11:12 PM

hsbc premier no charges :)



#22 OFFLINE   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.



#23 ONLINE   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.



#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.



#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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