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@  mgrover1234 : (18 September 2014 - 07:29 AM) Voting begins... will i still be British in 12 hours time??
@  mgrover1234 : (18 September 2014 - 07:28 AM) ...for, as long as but a hundred of us remain alive, never will we on any conditions be brought under English rule. It is in truth not for glory, nor riches, nor honours that we are fighting, but for freedom – for that alone, which no honest man gives up but with life itself.
@  instates : (18 September 2014 - 06:58 AM) *Bears won
@  instates : (18 September 2014 - 06:58 AM) Bears on but will not make it to the playoffs. Even if they do, Cutler will be Cutler. Da Bears are no longer Da Bears... Personally I would have saved the pesos for the trip to AC... and yes, I am a fan of the 49ers. :)
@  Dfnsmn34 : (18 September 2014 - 05:57 AM) Aloha all! What I miss? Been in San Fran for a week. Caught the Bears game. Good times! Gotta save my pesos for my next trip to AC. But it was worth seeing the Bears win.
@  kitiecarson : (18 September 2014 - 05:25 AM) I saw u were coming on CRT...where has CRTBound been?he get married to Bee?
@  Mucho Gusto : (18 September 2014 - 04:30 AM) Kitiecarson - you and me both brother. Wheels up in a few days!
@  kitiecarson : (18 September 2014 - 03:52 AM) 1 week countdown begins...Back to AC!
@  tequilareef : (17 September 2014 - 10:07 PM) Moved to Rest of PI in the interest of getting more responses. Threads started there tend to get buried from time to time
@  mgrover1234 : (17 September 2014 - 08:31 PM) my thread about a proposed trip from AC to la union has been moved from 'whats going on' to 'rest of PI'.. not sure why.. i'd have thought it was originally in the correct forum
@  TDCNINJA : (17 September 2014 - 07:35 PM) Political correctness run amok.
@  tequilareef : (17 September 2014 - 07:25 PM) dext the shoutbox was cleaned up prior to you making comments but we'll let the current status stand as we don't wish to get involved in any petty qualms anybody may have. Cheers
@  Rockman : (17 September 2014 - 07:18 PM) How about everyone leave board politics off the shoutbox, no matter who they are. The shoutbox isn't the place for it
@  dext : (17 September 2014 - 07:03 PM) sorry... shouldn't be chatting in the chatbox. as you were, mods feel free to delete my posts
@  dext : (17 September 2014 - 07:02 PM) (and we love everyone except Roadslut)
@  dext : (17 September 2014 - 07:01 PM) go back to m3thie ;)
@  asiansBtight : (17 September 2014 - 06:19 PM) kind of hypocritical considering they have sections titled: "nekkid womenz"....... bunch of mods on a power trip
@  asiansBtight : (17 September 2014 - 06:18 PM) i had the most viewed thread PI at night ever had, then a mod didnt like how i speed a girls name m3thie so he actually went in and changed the forum software to not let me spell it like that
@  tequilareef : (17 September 2014 - 06:15 PM) Ninja that's quite obvious there bro but a lot of us are and that includes myself. They don't seem to be fans of us here though
@  TDCNINJA : (17 September 2014 - 05:56 PM) I"m not a fan of PI@N, Chris


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Philippines Atm Bank Charges


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34 replies to this topic

#1 OFFLINE   TheCatFish

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Posted 28 August 2013 - 06:32 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.

 

I plan to use CitiBank as well.  I have done some research and it seems to be one of 2 possible banks that could work for me.  


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#2 OFFLINE   scuba539

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Posted 29 August 2013 - 03:08 AM

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


No I just transfer it to myself and go to BDO in SM mall with 2 pieces of picture ID (Passport, drivers license, I-Card, etc...) and pick up the cash. I can then watch the exchange rate and exchange as little or as much as I want when it is favorable.
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#3 OFFLINE   lolo

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Posted 29 August 2013 - 07:06 AM

I plan to use CitiBank as well.  I have done some research and it seems to be one of 2 possible banks that could work for me.  

 

You need to have a GOLD account before Citi will wave the fees.  If you are from the States make sure everything is in writing and never go below the gold card limit.


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#4 OFFLINE   Tukaram

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Posted 29 August 2013 - 08:07 AM

Do you need a ACR card to open your account?

Every bank seems different.  At first i opened an account at BDO - from online recommendations.  Every branch I asked had different rules for opening accounts.  That should have been a clue... they all said I had to have an ACR - then they said I had to open a joint account with a local (used my girlfriend).  I was not happy with their service and attitudes.  I talked to some expats and they all said BDO sucks - go with BPI.

 

So I went to BPI and all they asked for was my passport, and p5,000 for an opening balance.  I opened a dollar account and a peso account so I can XOOM or WU myself money in dollars to avoid the horrid exchange rates from XOOM or WU.  Then x-fer between accounts when the rate looks good.  Only thing I don't like is the dollar account can't have an ATM.  But I really only plan to hold a little money there and x-fer it to the peso account as needed.  My real account is USAA and my money will stay in the US!


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#5 ONLINE   hampshire1

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Posted 03 September 2013 - 08:22 PM

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

 

How do you get money into a PI bank account, is there not charges when you transfer money from your home country


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#6 OFFLINE   kokomolade

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Posted 03 September 2013 - 09:20 PM

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

+1 Attached File  Metrobank.JPG   87.26KB   7 downloads

 

Do you need a ACR card to open your account?

 

If you deposit a substancial amount (200kp min), you only need a passport. When i opened this Metrobank acc they just asked for a Bgy clearance to verify my adress but an electric bill would have been sufficient.

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.

My gf (nr77 :WinkGrin1: ) have used Landbank last 6 years. No fees wherever she go in Phils but in some pesky small cities thers a max 4000p withdrawal each try.

 

Hampshire1, on 03 Sept 2013 - 10:22 PM, said:

How do you get money into a PI bank account, is there not charges when you transfer money from your home country

 

Ordinary bank to bank online transaction. Cost me 900p each. I transfer my pension every month i'm in Phils.


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#7 OFFLINE   Bushdoctor

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Posted 03 September 2013 - 09:41 PM

THE ULTIMATE WORLD WIDE MONGERING CARD

All of these possibilities are OK, but don't forget that even if your bank of choice doesn't charge an ATM fee, the ATM you actually use will, if it's not a specified one or a branch. Also they almost all charge a bank fee, or foreign transaction fee.

I'm speaking from the perspective being a citizen of the USA, but if you get a Charles Schwab investor checking account they will never charge an ATM fee, they never charge a bank or transaction fee, they always reimburse for any ATM fees (there is no limit), at any bank or Credit Union, anywhere in the world. There is no account fee, there is no minimum fee. You can add your current Us bank as an external account and easily transfer money online. It is the ultimate world wide mongering card. As a bonus you get better exchange rates than you do at the currency exchange businesses. They pay what you see posted at www.visa.com, since they carry the Visa logo.

To check current exchange rates go to www.visa.com, select your country, then go to the search bar and enter "currency", a currency converter option will pop up, click on the pop up and then enter zero for bank fee, and put in your country of choice.
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#8 ONLINE   Chris in Makati

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Posted 04 September 2013 - 01:26 AM

How do you get money into a PI bank account, is there not charges when you transfer money from your home country

 

Depending on which banks you use there may or may not be charges involved. If there is, they're usually a fixed amount ranging from around US$10 to $25. To make it cost effective you need to send a large enough amount that the charges are small in relation to the amount sent.


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#9 OFFLINE   kantutero

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Posted 04 September 2013 - 04:38 PM

Metrobank in US charges $7 per remittance to Piso account in PI and gives good forex rate, about .25 off the listed rate online.  I think BPI and PNB are similar (have offices in US for remittances). 


Edited by kantutero, 04 September 2013 - 04:38 PM.

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#10 OFFLINE   Tukaram

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Posted 05 September 2013 - 01:09 AM

How do you get money into a PI bank account, is there not charges when you transfer money from your home country

 

It depends on if it is a dollar account or a peso account.  You can use XOOM or Western union for either account type but the charges are different.  Currently XOOM is $4.99 to x-fer dollars into a peso account - but the exchange rate sucks!  Western Union offers a no fee x-fer if done online direct to a bank.  They make money on the exchange fee but give a better rate than XOOM.  Western Union dollars to a dollar account is $7.99 because they make no exchange fee.

 

You can call your bank and do a wire transfer but I have never tried it because the time difference makes it weird to call the US and I just have been to lazy to look into it.  I don't know what the fees would be for my bank.

 

I just set up a dollar & peso account at BPI and will write a check from my American bank and deposit it in my dollar account here.  I can watch the exchange rates and withdraw my dollars and convert to pesos when I get a better rate.  Takes some planning (check takes 21 days to clear) but as I am retired here I got nothing but time!


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