Living In The Philippines Forum

Itís Your Money => Money Exchanging => Topic started by: Montanacal on March 31, 2018, 12:30:34 AM

Title: First trip money questions
Post by: Montanacal on March 31, 2018, 12:30:34 AM
Hi All,,

I am going over for the first time in May,,

I have read about Xoom, Transferwise and others. I have watched videos about arriving there, using the ATM for some quick cash for the taxi situation and another video about going to an exchange place and what to look for in all of that.

Thats a lot of variation.

My questions are thus

I get off the plane and go where?
Do what?
Use what service?

Yes its remedial and wide open,,

I ask in this way because theres seemingly myriad of possibilities
Title: Re: First trip money questions
Post by: BudM on March 31, 2018, 01:16:55 AM
Hi All,,

I am going over for the first time in May,,

I have read about Xoom, Transferwise and others. I have watched videos about arriving there, using the ATM for some quick cash for the taxi situation and another video about going to an exchange place and what to look for in all of that.

Thats a lot of variation.

My questions are thus

I get off the plane and go where?
Do what?
Use what service?

Yes its remedial and wide open,,

I ask in this way because theres seemingly myriad of possibilities

Those are some good questions.  What are you talking about doing first?  Exchange money?  If so, get a small amount, since the exchange rate at the airport would not be that good, and go to your motel.  Then you can sit down and figure out more.
Title: Re: First trip money questions
Post by: Montanacal on March 31, 2018, 01:54:01 AM
Ya,, my first impression and I don't know if its correct,, ATM for some pocket money,, just for little things the night that I arrive. I bet I wouldn't need 1000p that night as I land at  10:15pm and I have a shuttle to the hotel..

So then the next day I need to find out where to exchange about 1000USD for the next leg of things.

Thanks
Title: Re: First trip money questions
Post by: Gray Wolf on March 31, 2018, 02:53:17 AM
Depending on which hotel you stay in that first night you should be able to exchange $100 for some pisos that night. Then the next day you can pick out an exchange office with a better rate. We get a great rate at the local SM mall and do 99% of our money exchanges there.
Title: Re: First trip money questions
Post by: Montanacal on March 31, 2018, 03:30:15 AM
Thanks Grey
I am staying at the Rappricondotel in Paranque, so Ill check ot see if there are services there. Im only there a couple of nights then off to Roxas Palawan.


So,, would you carry the cash to do that,, in other words,, Would it be easier to just carry cash? Is it too much of a hassle to do it from a bank card situation?

Or,, if I use Xoom or another service that I can send money to myself to be picked up at the Palawan Pawnshop in either Puerto or Roxas is that how you might suggest to do it.

I know this is probably much simpler than im making it seem in my head but you guys are my encyclopedia .. thanks
Title: Re: First trip money questions
Post by: marshie on March 31, 2018, 04:25:46 AM
Or you can just withdraw cash in ATM at the airport.  Thatís what I do when in need of cash (for cab/uber to the hotel).
Title: Re: First trip money questions
Post by: marshie on March 31, 2018, 04:36:32 AM
^Ooops, wasnít able to read all the replies. 

Oh okay, you may want to google the nearest money exchange shop from the hotel (trusted aside from SM are sanryís and czarina).  That is if you want to exchange your dollar to Philippine pesos.

If you are going to withdraw pocket money in the airport, maybe it is better to withdraw the intended Php5000 instead of just Php1000 because itís the same withdrawal fee regardless of how much is withdrawn (possibly).  Exchange rate difference from other means wouldnít hurt since itís just $100.
Title: Re: First trip money questions
Post by: Lee2 on March 31, 2018, 08:53:07 AM
Hi All,,

I am going over for the first time in May,,

I have read about Xoom, Transferwise and others. I have watched videos about arriving there, using the ATM for some quick cash for the taxi situation and another video about going to an exchange place and what to look for in all of that.

Thats a lot of variation.

My questions are thus

I get off the plane and go where?
Do what?
Use what service?

Yes its remedial and wide open,,

I ask in this way because theres seemingly myriad of possibilities

My advice would be to bring some nice crisp new $100 and $50 bills to start with, for those from the U.S. and crisp new largest bills when from other countries, also I would recommend those from the U.S. open accounts with Charles Schwab or Fidelity while still in the U.S. so they can use ATM machines for free since both reimburse fees ATM fees charged. I use Fidelity and always have a couple of other bank ATM cards with me as well when here, then either use the ATM at the airport to get pesos or go to the money changer there and exchange $50 to $100 worth to get you started.

Should it really matter to any of us who have just spent a large amount in airfare that we will get a few pesos less at the airport than at money changers elsewhere, the difference in my opinion is just not worth worrying about when exchanging $50 or $100 but over time getting the largest exchange rate can mean a huge difference in total cost of living.

Next, of course off to the hotel, and then ask at the hotel which money changers in your area offer the best rates and go from there, usually go to a local mall and there is often many money changers there, I check the rate online HERE (http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=PHP) to give me a general idea of close to what I should get, usually get 10 to 30 centavos less than the online rate except in the airport, then it will be a couple of pesos less.

My opinion is to always have more than one way to get money, there had been times when I saw that the ATM machines were empty or not working for some people when people tried to use them, the money changer is usually open but I had seen no one in the booth one time when my wife and I arrived in Cebu. Also one time years back the international cable got cut and I was unable to get money from the ATM for days using my U.S. ATM card but no issue when using cash at money changers, my point is to always have a backup plan because I have personally found that nothing is for sure when in the Philippines.

Enjoy your trip..

Title: Re: First trip money questions
Post by: Lee2 on March 31, 2018, 09:06:59 AM
I forgot to add, before you leave, make sure to tell your credit card companies and banks or sign into your accounts and do it, if possible, that you will be in the Philippines.
Title: Re: First trip money questions
Post by: suzukig1 on March 31, 2018, 10:01:21 AM
Ya,, my first impression and I don't know if its correct,, ATM for some pocket money,, just for little things the night that I arrive. I bet I wouldn't need 1000p that night as I land at  10:15pm and I have a shuttle to the hotel..

So then the next day I need to find out where to exchange about 1000USD for the next leg of things.

Thanks

ATMs in the PHL charge a fixed fee usually P250 per withdrawal.  So if you are going to use an ATM you should withdraw the maximum allowed if you want to minimize costs.

Example:

ATM withdrawal P2,500.  The P250 fee would be a 10% fee.

ATM withdrawal P10,000 (maximum allowed for most ATMs).  The P250 fee would be a 2.5% fee.

ATM withdrawal P20,000 (maximum allowed for a BPI ATM).  The P250 fee would be a 1.25% fee.
Title: Re: First trip money questions
Post by: Lee2 on March 31, 2018, 10:06:36 AM
ATMs in the PHL charge a fixed fee usually P250 per withdrawal.  So if you are going to use an ATM you should withdraw the maximum allowed if you want to minimize costs.

Example:

ATM withdrawal P2,500.  The P250 fee would be a 10% fee.

ATM withdrawal P10,000 (maximum allowed for most ATMs).  The P250 fee would be a 2.5% fee.

ATM withdrawal P20,000 (maximum allowed for a BPI ATM).  The P250 fee would be a 1.25% fee.

ATM at HSBC, where available, p40,000 at a time, that is what I use whenever possible, even when fees would be reimbursed by Fidelity, why should I abuse Fidelity, it might make them stop the rebate someday if they get to be too much off their balance sheet.
Title: Re: First trip money questions
Post by: sonnychiba on March 31, 2018, 02:33:15 PM
I have used the ATMs in the Philippines for 9 years with my debit card that was issued in Florida by my bank. Nowadays, the fee is P250 each withdrawal on foreign issued bank cards at the ATMs in Bacolod. I do not know any ATM in Bacolod that allows more than P10,000 each withdrawal.

I have found that BP!, Metro Bank ,RCBC and China Bank of the Philippines give the best exchange rates at their ATMs, which is very near the official online exchange rate. My bank in Florida does not charge me a fee for using my bank debit card in Philippines ATMs. They know I live full time in the Philippines at my bank.

For larger ticket items, I write a personal check at my bank in Bacolod and deposit it. On average, it takes 17 calendar days before my money is available on this end. There is never a charge on either end of this type transaction, not in Bacolod and not in Florida.

I last visited Florida in 2014. Graywolf remembers it, as I probably burned his ears talking to him so much on the cell phone! When I returned to Manila, where I had to spend one overnight before returning to Bacolod, I exchanged U$D for Pesos at a money changer near the luggage carousel. I was surprised by the good rate of exchange I received, as I knew the official rate. It was within the ballpark.

~ Gary ~
Bacolod City



Title: Re: First trip money questions
Post by: Lee2 on March 31, 2018, 07:09:06 PM
I have used the ATMs in the Philippines for 9 years with my debit card that was issued in Florida by my bank. Nowadays, the fee is P250 each withdrawal on foreign issued bank cards at the ATMs in Bacolod. I do not know any ATM in Bacolod that allows more than P10,000 each withdrawal.
~ Gary ~
Bacolod City
I do not know about on other machines but on the BPI machines, you can choose another amount rather than the amounts shown and then type in p20,000, that is what I have done using my U.S. atm card and then it says there will be a p250 fee, I say okay and I get p20,000, that is the highest amount it allows and my Fidelity account reimburses the p250 within days.

So lets think about this, a person pays p250 for each transactions and I suspect most of us use at least p50,000 to p100,000 a month, that is p250 times how many times, times how many months, usually for expats 12 months, so at p20,000 a pop that can get expensive per year, so a Fidelity or Charles Schwab account could save a person a few hundred dollars to $1,000 a year. I do not know about you guys but I would rather spend that money on going out rather than give it to the banks on service fees.
Title: Re: First trip money questions
Post by: sonnychiba on March 31, 2018, 10:52:06 PM
I cannot change banks in Florida. My income there is property income from holding the paper on 2 houses that I financed through a sale of property. The payments are deposited in my long time bank, where I am also a registered voter in the same county. I vote via Absentee Ballot.

My SSA Pension is direct deposited into my bank in Bacolod, RCBC. I must use my passbook to make withdrawals in person. No charge for that.

I will check out BPI next time and see if I can get more than P10,000 out at one withdrawal. Thank you for the information.

I usually withdraw money 2-3 times each month with my Florida issued Bank Card at an ATM. Around $10-$15 per month at the current exchange rate.

~ Gary ~
Bacolod City

Title: Re: First trip money questions
Post by: Gray Wolf on April 01, 2018, 01:09:14 AM
Thanks Grey
I am staying at the Rappricondotel in Paranque, so Ill check ot see if there are services there. Im only there a couple of nights then off to Roxas Palawan.


So,, would you carry the cash to do that,, in other words,, Would it be easier to just carry cash? Is it too much of a hassle to do it from a bank card situation?

Or,, if I use Xoom or another service that I can send money to myself to be picked up at the Palawan Pawnshop in either Puerto or Roxas is that how you might suggest to do it.

I know this is probably much simpler than im making it seem in my head but you guys are my encyclopedia .. thanks

I think most of your questions are answered by the other members, but here's my two pisos worth:

We bring a stack of crisp, new, unblemished $100 bills for every visit. We usually set aside $2000-3000 in cash for our trips. I say unblemished because the money changers and banks won't give you a single centavo for an old, or wrinkled bill. Period. If we're out and need money for the week, we usually go to the money desk at the local SM Mall to get cash exchanged. We also carry our debit cards and sometimes if we find ourselves short we simply visit a secure ATM inside the mall and get as much cash as allowed so that we don't pay extra fees.

I've not yet tried sending myself money through Xoom, but it's an option, I guess. Although you may find issues if you try to send yourself money from your bank at home while you're in-country. I think they have a way to pick on up the IP address you're attempting to do the transaction from. Maybe, maybe not. Like I said already, it's not something I've tried as we have simpler ways of making our exchanges. Simpler for us, anyway.

As others have already posted, be sure to tell your bank and credit card companies the dates of your visit and any cities you may visit while in the PH, otherwise your card(s) could get flagged and put on hold for any type of transaction. Not a good situation to be in when you're thousands of miles from home.
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 01, 2018, 04:06:17 AM
I would suggest not to use XOOM to send yourself money here while in the Philippines. Xoom is a stickler when sending money to youself. I and others in the past have experienced XOOM to close and termite  transactions abruptly due to the Philippines Money Anti-laundring Act and they will never reinstate your account once closed for any reason. Read the reviews on Xoom's website of some of Xoom's horror stories.  If you don't want this to happen send the money to one of your wife's relatives. You can't send it to your wife if she is on your account.
To avoid having to handle large sums of cash in public I would suggest wearing a money belt with your new $100 bills. Don't flash your moneY around in public. Go into a secure bathroom stall to take your money out from your money belt. Too many prying eyes in public.   
I have used Transfer Wise for the past few months now to send pesos to my BPI PhP checking account. Haven't had any issues using them. "Knock on wood".
We're been retired here in the Philippines for 20 years now and here we shall stay forever.
Title: Re: First trip money questions
Post by: Lee2 on April 01, 2018, 07:09:55 AM
I cannot change banks in Florida. My income there is property income from holding the paper on 2 houses that I financed through a sale of property. The payments are deposited in my long time bank, where I am also a registered voter in the same county. I vote via Absentee Ballot.

My SSA Pension is direct deposited into my bank in Bacolod, RCBC. I must use my passbook to make withdrawals in person. No charge for that.

I will check out BPI next time and see if I can get more than P10,000 out at one withdrawal. Thank you for the information.

I usually withdraw money 2-3 times each month with my Florida issued Bank Card at an ATM. Around $10-$15 per month at the current exchange rate.

~ Gary ~
Bacolod City
I would never wish to tell anyone how to live their lives, I just wish to help people so there would be no reason to change banks, you could just open another account in one of the two I suggested and then go online and transfer money whenever you wish to and then withdraw it using their atm card because they reimburse the fees charged. If a person does not have any investments, then Charles Schwab might be the better account since they appear to be happy to have just the bank account, from what many expats who use them say.

Also for people who have a U.S. address, lots of expats have their SS direct deposited into their U.S. bank and then use their atm card to withdraw it in the Philippines, that might cut out the death form SS usually requires of people who live outside the country.

Anyway whatever I suggest are just suggestions, not only for you, but for those who have yet to move to the Philippines who might read this thread.
Title: Re: First trip money questions
Post by: Lee2 on April 01, 2018, 07:15:51 AM
Since credit cards were mentioned, I forgot to mention that Cap One does not charge any fees when their card is used outside the U.S. and Fidelity Visa charges 1% but gives back 2%, so using that card is also a win win, I am sure there must be others who do not charge for their use, I would suggest people look into those as well, why pay fees is my POV, when we can use our cards free. I have saved a small fortune over the years by not paying fees while living our yearly part time life here, how much more could be saved by those who live in the Philippines full time.
Title: Re: First trip money questions
Post by: BudM on April 01, 2018, 09:59:40 AM
The small fortune I would save is 60 bucks or less a year depending if I deposit every month or skip a month or two.  A small price, which I do not mind, and allows me to not deal with the BS, in my opinion, of credit cards.  Yeah, that is from a year round resident view.  If I live 35 more years, we are talking about, let us see, wow over 2k USD.  Maybe I need to rethink this.  OK, after thinking on it, I have decided to pass.  Unless the check deposit fee gets ridiculously high, I will deal with it rather than the BS, in my opinion, of credit cards.
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 01, 2018, 10:23:32 AM
Credit and or debit cards? I have them, but seldom use them only as a last resort or for emergencies. I don't quible about the exchange rate when they are about .20 to .40 centavos less than the going Forex
exchange rate.
I still deposit U.S. checks into our PhP account once every 2 to 3 months. So, there's no need for me to go around town looking for the best exchange rate just to make a little more unless we're dealing with millions of pesos, which then would be worth looking for the best rates, but if not, I don't bother looking.
Title: Re: First trip money questions
Post by: BudM on April 01, 2018, 10:57:01 AM
I am not going to run around town either for the best exchange rate but if I can get a better one down the road where I am going without causing me any extra time or effort, yeah, I am going to get it.
Title: Re: First trip money questions
Post by: piozam13 on April 05, 2018, 03:34:01 AM
forgot to mention that Cap One does not charge any fees when their card is used outside the U.S.

I have Cap One.  This has been my observation.  While it does not charge foreign exchange fee - the exchange rate is lower and one may end up paying more. I prefer to use cash in the Philippines.
Title: Re: First trip money questions
Post by: jjcabgou on April 05, 2018, 06:20:27 AM
I have Cap One.  This has been my observation.  While it does not charge foreign exchange fee - the exchange rate is lower and one may end up paying more. I prefer to use cash in the Philippines.
I get the best rate when using my credit card, and because of that I try to exclusively use my credit card.   No foreign exchange fee, no money transfer fee, no lessening of the exchange rate to pay a bank or business.   Look around for different credit cards I guess, for me it is the best option.
Title: Re: First trip money questions
Post by: Lee2 on April 05, 2018, 06:29:28 AM
Also we might wish to consider the cash back we get when using a credit card, Cap One gives 1.5% back, not a big deal but over the course of a year, I earn quite a bit of money using my Fidelity Visa to pay as many items as I can, the same would be true using my Cap One or other card that gives you the benefits that fit your lifestyle. One friend uses a mileage card for everything and ends up traveling pretty much free or getting free upgrades, different strokes for different folks, I just use every possible no work savings to my benefit.
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 05, 2018, 06:42:43 AM
I get the best rate when using my credit card, and because of that I try to exclusively use my credit card.   No foreign exchange fee, no money transfer fee, no lessening of the exchange rate to pay a bank or business.   Look around for different credit cards I guess, for me it is the best option.
I looked around quite a bit, but most credit cards do not offer much like what you have mentioned. Care to share what credit card you have? Most credit cards did away with their 25 to 30 days grace period and charge hefty finance charges per day and or month, also international fees with low XE rates.
Even though I have high credit limits, I watch our spending carefully. I only got credit cards mainly for unexpected emergencies and for small purchases I can payoff in a short period of time.
Title: Re: First trip money questions
Post by: jjcabgou on April 05, 2018, 08:17:26 AM
I looked around quite a bit, but most credit cards do not offer much like what you have mentioned. Care to share what credit card you have? Most credit cards did away with their 25 to 30 days grace period and charge hefty finance charges per day and or month, also international fees with low XE rates.
Even though I have high credit limits, I watch our spending carefully. I only got credit cards mainly for unexpected emergencies and for small purchases I can payoff in a short period of time.
Chase
Title: Re: First trip money questions
Post by: jjcabgou on April 05, 2018, 08:22:27 AM
Chase

Grace period and daily finance charges?   WOW, what credit card are you using?   As long as I pay my monthly charges in full, I am not charged one penny.   And yes, their is no international fee associated with my card.   Art, if you are being charged a daily fee for your purchases, I would strongly suggest dumping that card immediately and looking elsewhere.  There are many really good credit cards out there
Title: Re: First trip money questions
Post by: bigrod on April 05, 2018, 09:03:36 AM
https://nomadgate.com/visa-vs-mastercard-exchange-rate/
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 05, 2018, 09:06:27 AM
I also have a Chase Card, BofA, AMEX and USAA. Maybe I should look again for better deals, but most have what I have explained. As I've said, I seldom use credit cards unless I have to.
Besides we don't take trips out of the country anymore. We're just burnt out of all of our travels from the past.   
Title: Re: First trip money questions
Post by: BudM on April 05, 2018, 09:11:00 AM
I have Cap One.  This has been my observation.  While it does not charge foreign exchange fee - the exchange rate is lower and one may end up paying more. I prefer to use cash in the Philippines.

I prefer to use cash here also.  I don't feel like or want to pay a financial officer to keep track of all the credit card intricacies.  My time to relax is more important to me than worrying about all that stuff myself.
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 05, 2018, 09:35:11 AM
https://nomadgate.com/visa-vs-mastercard-exchange-rate/
When I retired in 1997, before moving here I got rid of all of my U.S. credit cards, but 10 yrs ago I reacquired them again for their conveniences.
Alot sure has changed what banks offer today it makes my head spin with the many various deals they all offer.
Title: Re: First trip money questions
Post by: jjcabgou on April 05, 2018, 09:43:46 AM
Here is a decent article   https://milecards.com/4697/no-foreign-transaction-fee-cards-are-you-ripped-off-by-the-exchange-rate/

In addition to the decent exchange rate I am getting, I also get points, that I can redeem as "cash" when using my credit card.   I still contend, as long as there are no foreign transaction fees and you are getting above average rewards, the credit card is the way to go.

People keep saying "cash", but how are you getting that cash?   I am really curious as I may change my spending habits. 
Withdrawing from an ATM?  What are the fees and the exchange rate?  If you are sending via xoom, western union etc etc... you are paying fees and relying on their exchange rates, and you are not getting any rewards points that you would get using a credit card.

1 PHP = 0.019204 USD
Title: Re: First trip money questions
Post by: jjcabgou on April 05, 2018, 09:54:53 AM
REALLY IMPORTANT NOTE:

If you do use a credit card and you are offered to pay in either pesos or your country's currency, ALWAYS ALWAYS choose pesos.   If you choose your country's currency, you will be charged an extra percentage, probably around 3 percent!!!
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 05, 2018, 10:01:28 AM
Since we don't travel much anymore out of the country, life is much simplier without the worries of paying alot of monthly credit card bills.
Now we just set aside 2 to 3 months of pesos cash on hand for our daily needs and pay on-line all of our utilities and our one time annual payments.
A simple life, is a happy life just kicking back and enjoying our retirement.
Before I retired, I was working my butt off just to pay our bills.
Title: Re: First trip money questions
Post by: BudM on April 05, 2018, 12:57:37 PM
Looks like I am getting a pretty good exchange rate.  And I do like a lot of us do here.  Write a USD check.  Deposit it in my USD account.  At my convenience of both steps here, I withdraw what I want in USD and go to the exchange where I know I get a good rate.  Then turn around and deposit the excess pesos in to my peso account.  I can deposit at any branch and there is one on almost every corner.  And most of them, I walk in and up to the money accepting machine with no line, put my pesos in and get out of there.

I am not going to take all the extra time for researching, handling, and paying credit cards.   Back in the US, the only place I used a credit card was at the gas pump and some online transactions like buying an airline ticket.  I have one USD credit card.  I use it here for some online stuff.  Maybe I will use it to buy golf clubs.  Cash, cash, cash, is the name of the game.
Title: Re: First trip money questions
Post by: David690 on April 05, 2018, 01:17:24 PM
Here is a decent article   https://milecards.com/4697/no-foreign-transaction-fee-cards-are-you-ripped-off-by-the-exchange-rate/

In addition to the decent exchange rate I am getting, I also get points, that I can redeem as "cash" when using my credit card.   I still contend, as long as there are no foreign transaction fees and you are getting above average rewards, the credit card is the way to go.

People keep saying "cash", but how are you getting that cash?   I am really curious as I may change my spending habits. 
Withdrawing from an ATM?  What are the fees and the exchange rate?  If you are sending via xoom, western union etc etc... you are paying fees and relying on their exchange rates, and you are not getting any rewards points that you would get using a credit card.

1 PHP = 0.019204 USD

I agree that credit card is a good option for making purchases.  So long as you settle the amount in full before the next billing date you will not have any interest charges.  On cash withdrawals however, at least on my cards, the interest rate charges begin immediately.
Title: Re: First trip money questions
Post by: bigrod on April 05, 2018, 01:22:53 PM
Most credit cards have grace period, but there is normally no grace period on a cash advance(ATM withdrawal/over the counter). The XE rate used by the CC companies is the rate for the date the transaction post to the CC not the rate on the day of transaction.

Chuck
Title: Re: First trip money questions
Post by: David690 on April 05, 2018, 01:53:37 PM
Most credit cards have grace period, but there is normally no grace period on a cash advance(ATM withdrawal/over the counter). The XE rate used by the CC companies is the rate for the date the transaction post to the CC not the rate on the day of transaction.

Chuck

That's how I understand it as well Chuck.  So CC for purchases, yes, but not for cash advances.
Title: Re: First trip money questions
Post by: jjcabgou on April 06, 2018, 09:05:16 AM
Looks like I am getting a pretty good exchange rate.  And I do like a lot of us do here.  Write a USD check.  Deposit it in my USD account.  At my convenience of both steps here, I withdraw what I want in USD and go to the exchange where I know I get a good rate.  Then turn around and deposit the excess pesos in to my peso account.  I can deposit at any branch and there is one on almost every corner.  And most of them, I walk in and up to the money accepting machine with no line, put my pesos in and get out of there.

I am not going to take all the extra time for researching, handling, and paying credit cards.   Back in the US, the only place I used a credit card was at the gas pump and some online transactions like buying an airline ticket.  I have one USD credit card.  I use it here for some online stuff.  Maybe I will use it to buy golf clubs.  Cash, cash, cash, is the name of the game.
My bank, BDO, is now charging 5 dollars on every deposited check, and their exchange rates are not even as good as western union.   Things like this just solidify my position that the right credit card is the way to go.     I still maintain my bank in the usa, so paying my credit card takes less time than writing this post.   I find it is significantly less a hassle using a credit card than using cash, and a money saver.


Edit: I removed the next post due to double posting. TY.
Title: Re: First trip money questions
Post by: David690 on April 06, 2018, 12:19:57 PM
My bank, BDO, is not charging 5 dollars on every deposited check, and their exchange rates are not even as good as western union.   Things like this just solidify my position that the right credit card is the way to go.     I still maintain my bank in the usa, so paying my credit card takes less time than writing this post.   I find it is significantly less a hassle using a credit card than using cash, and a money saver.

Why credit card, why not debit card from your bank.  That way you don't have to worry about paying the card, even if it takes a few minutes, it still has to be done.
Title: Re: First trip money questions
Post by: JoeLP on April 06, 2018, 12:31:33 PM
2 things that have been brought up that I will say are pretty accurate are to not use xoom.com for sending yourself money.  They will deny it if they catch it.  Heck, they stopped my account because I kept sending Tina money monthly.  I had to call and tell them she is my fiance before they reinstated my account.  Anything fishy they will stop if they catch it.  Sending money to yourself is one of those things.  So if you do use xoom.com, send it to someone in the Philippines.

Also, no point in driving around for the best exchange rate.  About as crazy as when I knew people back abou 18 years ago driving to the next city over for gas that was 5 cents cheaper per gallon.  They blew $5 in gas to save $3.  What you might save in difference of exchange rate you could very well spend in the transport costs to that other money exchange office that is giving a better rate.

I have been here 5 years almost and only used my credit card in my first month here.  After that I found the best way to get my money through different transfer services until I found and settled on xoom.com.  Then I just send a flat rate every month after my income is deposited into my account in my bank in the USA.  Then we just live per that and any excess goes into a local bank account under Tina's name.
Title: Re: First trip money questions
Post by: Lee2 on April 06, 2018, 12:49:30 PM
We just call the money changer and ask the rates and if we are happy with the rates, then I tell them to meet us at the bank at a particular time, I go to the bank and pull out dollars and hand the money changer the dollars and they hand me pesos. The other day I exchanged $2,200 and they came to the bank we do business with, I deposited the p100,000 into my atm account and kept the rest for spending, easy.
Title: Re: First trip money questions
Post by: jjcabgou on April 06, 2018, 03:57:20 PM
Why credit card, why not debit card from your bank.  That way you don't have to worry about paying the card, even if it takes a few minutes, it still has to be done.

I get cashback rewards for using my credit card.   That, in itself, is enough to justify using a credit card.   Once I hit about 1000 dollars I cash out and use that money.   It is 100 percent painless to use a credit card, I am actually surprised by the resistance.   You get rewards/points, you dont need to worry about sending money, exchange rates, bank fees, atm fees, check fees, travel to retrieve money, and again, you can get cash back.
Title: Re: First trip money questions
Post by: bigrod on April 06, 2018, 04:35:16 PM
I get cashback rewards for using my credit card.   That, in itself, is enough to justify using a credit card.   Once I hit about 1000 dollars I cash out and use that money.   It is 100 percent painless to use a credit card, I am actually surprised by the resistance.   You get rewards/points, you dont need to worry about sending money, exchange rates, bank fees, atm fees, check fees, travel to retrieve money, and again, you can get cash back.

So you use your Chase C/C for all your purchases.  Do you also use it to get cash from ATMs since not everywhere takes C/C?  Do you pay your C/C off daily if you get cash from an ATM?  If not you are paying interest on the ATM transaction.  Following from Chase FAQ:

Q. What is an interest charge? When does it occur?
An interest charge is the sum of interest on your credit card account. The interest charge is broken down by transaction type: purchases, cash advances and balance transfers. If you pay less than the full balance, pay after the payment due date (or if your credit card does not have a interest free period) then you will pay interest on those purchases. Cash advances and balance transfers have no interest free period. This means they start accruing interest as soon as the transaction is made. This will result in interest due, even if your balance is paid in full. 

Chuck
Title: Re: First trip money questions
Post by: bigrod on April 06, 2018, 04:48:00 PM
2 things that have been brought up that I will say are pretty accurate are to not use xoom.com for sending yourself money.  They will deny it if they catch it.  Heck, they stopped my account because I kept sending Tina money monthly.  I had to call and tell them she is my fiance before they reinstated my account.  Anything fishy they will stop if they catch it.  Sending money to yourself is one of those things.  So if you do use xoom.com, send it to someone in the Philippines.

Also, no point in driving around for the best exchange rate.  About as crazy as when I knew people back abou 18 years ago driving to the next city over for gas that was 5 cents cheaper per gallon.  They blew $5 in gas to save $3.  What you might save in difference of exchange rate you could very well spend in the transport costs to that other money exchange office that is giving a better rate.

I have been here 5 years almost and only used my credit card in my first month here.  After that I found the best way to get my money through different transfer services until I found and settled on xoom.com.  Then I just send a flat rate every month after my income is deposited into my account in my bank in the USA.  Then we just live per that and any excess goes into a local bank account under Tina's name.

Are you sending USD or Php via Xoom?  If you are sending Php to an account here I have found Transferwise to be better than Xoom.

Chuck
Title: Re: First trip money questions
Post by: jjcabgou on April 06, 2018, 05:04:20 PM
So you use your Chase C/C for all your purchases.  Do you also use it to get cash from ATMs since not everywhere takes C/C?  Do you pay your C/C off daily if you get cash from an ATM?  If not you are paying interest on the ATM transaction.  Following from Chase FAQ:

Q. What is an interest charge? When does it occur?
An interest charge is the sum of interest on your credit card account. The interest charge is broken down by transaction type: purchases, cash advances and balance transfers. If you pay less than the full balance, pay after the payment due date (or if your credit card does not have a interest free period) then you will pay interest on those purchases. Cash advances and balance transfers have no interest free period. This means they start accruing interest as soon as the transaction is made. This will result in interest due, even if your balance is paid in full. 

Chuck
Chuck, I pay my card off every month so I never incur an interest charge.  When I need cash I send it via western union, the fee is 3.99, but I try to exclusively use my credit card for reasons already mentioned.   I never take a cash advance.   Went to Santi's today used my credit card, went to the tap house last night, used my credit card, wife went to Robinsons today and used the credit card, gas for the car credit card etc.   It takes me like 14 seconds to make a payment, I do not have to drive anywhere, I am not charged any fee at all, and I get cash back rewards. 
Title: Re: First trip money questions
Post by: BudM on April 06, 2018, 06:09:35 PM
My bank, BDO, is now charging 5 dollars on every deposited check, and their exchange rates are not even as good as western union.   Things like this just solidify my position that the right credit card is the way to go.     I still maintain my bank in the usa, so paying my credit card takes less time than writing this post.   I find it is significantly less a hassle using a credit card than using cash, and a money saver.


Edit: I removed the next post due to double posting. TY.

Well, I guess the idea would be to write a check for an amount that is not small enough for 5 stinking bucks to matter or really stick out.  I mentioned 60 a year (yeah BDO too) in a previous post, but that would be based on once a month.  It is more like less than 30 a year.  I draw out once a week though so obviously withdrawals are a lot less than the deposits.  I rather not keep too much cash around.  Plus, 30 bucks is a pretty good deal in giving me another activity to do by going to the bank and mixing with people there as they are a friendly bunch of people.  And then I go over to the next building and stop in at a cafe there where I know the owner and have a cup of coffee to take up some more time.  And believe me, I do not exchange my USD at the bank.  Yeah, I maintain banking in the US too and I have a credit card with one.  I have had only one credit card all my life.

So, like I said once before, I am not about to hire someone to track all the stuff on what the best deals are on credit cards. I have several different routines that I follow to keep me from sitting around at home too much but, I am taking life easy and there is not too much I really give a crap about now a days.  Credit cards fall in the class of the ones that I don't.

If they mean more to someone else, then as with others, I have a signature below.
Title: Re: First trip money questions
Post by: bigrod on April 06, 2018, 06:22:10 PM
Since I don't have stateside C/C anymore using your system is not an option.  So the two options I have found is depositing a US check to my BDO USD account and since I am considered a good customer by the manager the $5 fee is waived.  Option 2 is to use Transferwise to send Php directly to my Php account, they have the best XE rate and cost I have found.  I also use my BDO C/C to make our purchases plus it earns points.  We need to hit Santi's with the asawa for lunch and Antonio's for Breakfast one of these days.

Chuck
Title: Re: First trip money questions
Post by: BudM on April 06, 2018, 06:22:50 PM
All I can say is, all these pages of posting on how we deal with money in every day life is sure giving someone, who asked on what to do for the first trip, a lot to try a figure out how to go about spending a couple or few thousand bucks on vacation.
Title: Re: First trip money questions
Post by: BudM on April 06, 2018, 06:28:13 PM
Since I don't have stateside C/C anymore using your system is not an option.  So the two options I have found is depositing a US check to my BDO USD account and since I am considered a good customer by the manager the $5 fee is waived.  Option 2 is to use Transferwise to send Php directly to my Php account, they have the best XE rate and cost I have found.  I also use my BDO C/C to make our purchases plus it earns points.  We need to hit Santi's with the asawa for lunch and Antonio's for Breakfast one of these days.

Chuck

Well, you must be at a small BDO.  Probably 3/4 of people who work at mine know me and I know them.  I think the ones who I don't know, know of me because my wife goes in there too although we have only been in it maybe three times at the same time.  I don't even know who the manager is though.  Don't know if I talked to him or her.  I know the smaller level mangers though so maybe I should see about that  "good customer" waiver of the fee.  After all, almost all of us kanos are considered good customers, right?.  Plus, they like my wife's USD and peso accounts too.
Title: Re: First trip money questions
Post by: JoeLP on April 06, 2018, 06:49:05 PM
Are you sending USD or Php via Xoom?  If you are sending Php to an account here I have found Transferwise to be better than Xoom.

Chuck
How fast is the money available?  That's what has me waiting for doing anything with transferwise.  When I read the site it seems like it could take days.  As apposed to xoom.com where I can go online and send it and Tina can go inside of 10 minutes usually and pick it up. 
Title: Re: First trip money questions
Post by: bigrod on April 06, 2018, 06:51:48 PM
Well, I guess the idea would be to write a check for an amount that is not small enough for 5 stinking bucks to matter or really stick out.  I mentioned 60 a year (yeah BDO too) in a previous post, but that would be based on once a month.  It is more like less than 30 a year.  I draw out once a week though so obviously withdrawals are a lot less than the deposits.  I rather not keep too much cash around.  Plus, 30 bucks is a pretty good deal in giving me another activity to do by going to the bank and mixing with people there as they are a friendly bunch of people.  And then I go over to the next building and stop in at a cafe there where I know the owner and have a cup of coffee to take up some more time.  And believe me, I do not exchange my USD at the bank.  Yeah, I maintain banking in the US too and I have a credit card with one.  I have had only one credit card all my life.

So, like I said once before, I am not about to hire someone to track all the stuff on what the best deals are on credit cards. I have several different routines that I follow to keep me from sitting around at home too much but, I am taking life easy and there is not too much I really give a crap about now a days.  Credit cards fall in the class of the ones that I don't.

If they mean more to someone else, then as with others, I have a signature below.

I am the same try to keep 4-6 months worth of funds here so the checks are few per year even though currently I don't pay the fee.  This is my second manager in 8 years so it could change with a new manager.  While there is now the availability to change USD to Php on line the loss of 30 centavos per dollar on any large exchange definitely would require a trip to a money changer. Just saw your latest post while I was typing. Don't know if our BDO is small or not, six walk up tellers and another six for sit down.  Most probably do not know me but the manager will always wave me to his desk when I walk in or if he is busy with a customer he ask if I want to wait for him and if not gets the assistant manager to take care of the transaction.  If he is available I never leave his desk to accomplish what I came in to transact.  When I opened the account 8 years ago I did it with the manager having been briefed prior to coming to the Phils to introduce your self to the bank manager.  Heck he called me personally yesterday to inquire if I picked up the new EMV card for the USD account.  Ask if they will waive the $5 fee, worst is they say no.

Chuck
Title: Re: First trip money questions
Post by: bigrod on April 06, 2018, 06:59:46 PM
How fast is the money available?  That's what has me waiting for doing anything with transferwise.  When I read the site it seems like it could take days.  As apposed to xoom.com where I can go online and send it and Tina can go inside of 10 minutes usually and pick it up.

I normally make my transaction at 10 am local here, my deposit does not hit BoA till 1-3 pm local.  Transferwise confirms the transaction between 4-5 pm and then deposits in my BDO account.  If holidays weekends either end it can take longer.  I did the last on Good Friday and it was in my Php account prior to 5 pm local and BDO was closed for the holiday.  If you want to try use the following for discount.

transferwise.com/u/charlesr45

Chuck
Title: Re: First trip money questions
Post by: bigrod on April 06, 2018, 07:23:39 PM
JoeLP, also once you make the transaction you can cancel or change the transaction until they confirm(finalize)the transaction.  I have canceled and reinput due to a big change in the XE rate.  Unlike Xoom and others their XE rate changes all day long.

Chuck
Title: Re: First trip money questions
Post by: David690 on April 06, 2018, 07:34:11 PM
Chuck, I pay my card off every month so I never incur an interest charge.  When I need cash I send it via western union, the fee is 3.99, but I try to exclusively use my credit card for reasons already mentioned.   I never take a cash advance.   Went to Santi's today used my credit card, went to the tap house last night, used my credit card, wife went to Robinsons today and used the credit card, gas for the car credit card etc.   It takes me like 14 seconds to make a payment, I do not have to drive anywhere, I am not charged any fee at all, and I get cash back rewards.

This is precisely what I have been trying to suggest to you.  Use CC for purchases OK, but not for cash advances via ATM's.  Glad we got that sorted out eventually.
Title: Re: First trip money questions
Post by: BudM on April 06, 2018, 08:06:54 PM
I am the same try to keep 4-6 months worth of funds here so the checks are few per year even though currently I don't pay the fee.  This is my second manager in 8 years so it could change with a new manager.  While there is now the availability to change USD to Php on line the loss of 30 centavos per dollar on any large exchange definitely would require a trip to a money changer. Just saw your latest post while I was typing. Don't know if our BDO is small or not, six walk up tellers and another six for sit down.  Most probably do not know me but the manager will always wave me to his desk when I walk in or if he is busy with a customer he ask if I want to wait for him and if not gets the assistant manager to take care of the transaction.  If he is available I never leave his desk to accomplish what I came in to transact.  When I opened the account 8 years ago I did it with the manager having been briefed prior to coming to the Phils to introduce your self to the bank manager.  Heck he called me personally yesterday to inquire if I picked up the new EMV card for the USD account.  Ask if they will waive the $5 fee, worst is they say no.

Chuck
Maybe they are the same size.  I know at least five but I think six.   I don't count them because I am not standing there waiting in line.  I just have never met the manager unless I did not know they are the manager.  I have only been going there five years.  It is about 4 km down the road and I do both of the savings there down the road and then my checking is at BDO near home.  I want to keep enough funds here for emergency but I try not to go over the PDIC coverage and if I do, at least too long.  I do deposits in a frequency where it doesn't come down too much.  Most of the original managers, the ones I know or knew have turned over since I have been going there.  There is one lady who most times I am there comes out behind the side counters there and stops behind whoever is helping me and says hi to me.  Maybe she is the bank manager.  I think she is the same lady my wife has mentioned when conducting some of her business or having been called by her.  Maybe, I need to find out for sure and see if I can save me a few bucks. 

Yeah, I know the option is there now to exchange online but I don't use it either.  I take it to an exchange but some people gripe about the time that involves.  Well, I don't make special trips for it and when I do, at the same time I will make my weekly trip to the particular hardware store I go to there once a week.  And if I don't need anything there, I have other things to do in that place or if my pal from the hardware store is taking break we sit around upstairs there for a bit with coffee and BS for a while.  So, I am not doing anything I don't want to when I go to the money exchanger.
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 06, 2018, 11:23:33 PM
I just go to the bank a few blocks from where we live once every 2 to 3 months, walk up to the teller senior citizen line, get my pesos and I'm out of there in a few minutes.
Title: Re: First trip money questions
Post by: D. Williams on April 07, 2018, 10:11:36 AM
One thing is certain, we have established that there are many different ways members use, what's important is that the means you use accomplishes what you need it to achieve.
Title: Re: First trip money questions
Post by: BudM on April 07, 2018, 11:18:33 AM
I just go to the bank a few blocks from where we live once every 2 to 3 months, walk up to the teller senior citizen line, get my pesos and I'm out of there in a few minutes.

I might try that.  Do you walk the few blocks to the bank or drive the few blocks and then walk up to the teller?
Title: Re: First trip money questions
Post by: jjcabgou on April 07, 2018, 11:58:17 AM
One thing is certain, we have established that there are many different ways members use, what's important is that the means you use accomplishes what you need it to achieve.
Or in other words, We have beat this to the ground    :)
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 07, 2018, 01:30:53 PM
I might try that.  Do you walk the few blocks to the bank or drive the few blocks and then walk up to the teller?
Both, because South Supermarket is next to our bank when my wife does her grocery shopping.
Title: Re: First trip money questions
Post by: BudM on April 07, 2018, 04:20:03 PM
Both, because South Supermarket is next to our bank when my wife does her grocery shopping.

Ahhh, ok.  I don't know why I even gave it any thought but after thinking more, I changed my mind about doing it your way.  My preference is not wanting to be drawing a 2 or 3 month supply of pesos and having it on me or around.  Will stick to once a week withdrawals of a piddly amount.  Still will do only occasional deposit though.
Title: Re: First trip money questions
Post by: bigrod on April 07, 2018, 04:43:16 PM
Ahhh, ok.  I don't know why I even gave it any thought but after thinking more, I changed my mind about doing it your way.  My preference is not wanting to be drawing a 2 or 3 month supply of pesos and having it on me or around.  Will stick to once a week withdrawals of a piddly amount.  Still will do only occasional deposit though.
 

Can't remember the last time I went to BDO to get pesos.  I normally get them from the BDO ATMs at Waltermart, S&R Imus, etc. Most Supermarkets and department stores take the BDO debit or C/C too.

Chuck
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 07, 2018, 07:41:27 PM
No problem keeping 2 to 3 months worth of pesos. I hate it when we don't have enough loose change on hand to pay cash on a variety of things like bottle water delevery, cleaning out our roof gutters, maid's wages 3 times a week, weekly palengke trips, hired help for repairs around the house, take out food home deleveries, on-line home shopping COD deleveries, wife's saloon beauty retreatments (not cheap), fast food drive-thru. I use our banks ATM card to pay for our Mercury Drug Store medications once every 2 weeks, since I need double receipts for our TRICARE reimbursement claims once a year. We just got back over $2,500 from our  meds claims for 2017.
So, having enough cash in the house works out for us without having to go to the bank often, but once every 2 to 3 months.
Title: Re: First trip money questions
Post by: BudM on April 07, 2018, 11:56:53 PM
 

Can't remember the last time I went to BDO to get pesos.  I normally get them from the BDO ATMs at Waltermart, S&R Imus, etc. Most Supermarkets and department stores take the BDO debit or C/C too.

Chuck

I don't get them from the bank either.  I was just debating whether to take that long walk to the bank and get them or stick with what I am doing.  And I forgot to mention that the withdrawals would be USD and not pesos.  I use the ATM once in a while if by chance I run out or low of pesos.  Sometimes the debit card too.  I mostly like to do what I am normally doing though.
Title: Re: First trip money questions
Post by: BudM on April 08, 2018, 12:04:40 AM
No problem keeping 2 to 3 months worth of pesos. I hate it when we don't have enough loose change on hand to pay cash on a variety of things like bottle water delevery, cleaning out our roof gutters, maid's wages 3 times a week, weekly palengke trips, hired help for repairs around the house, take out food home deleveries, on-line home shopping COD deleveries, wife's saloon beauty retreatments (not cheap), fast food drive-thru. I use our banks ATM card to pay for our Mercury Drug Store medications once every 2 weeks, since I need double receipts for our TRICARE reimbursement claims once a year. We just got back over $2,500 from our  meds claims for 2017.
So, having enough cash in the house works out for us without having to go to the bank often, but once every 2 to 3 months.

I don't run out and still pay all that stuff.  I also pay our household help in a timely manner but not three times a week.  Don't need to worry about Mercury except for my spoiled kid's bottled water and on all the expensive crap women do to themselves, my wife pays her own way.  And with bills I pay online.  So, I don't have to worry about too much and I can relax.  I still prefer to visit with them at the bank.

Edit:  Also, I wouldn't have trouble keeping 2 or 3 months expenses for around the house even though I don't have and am not rolling around in all the big money that a few members on here have coming in.
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 08, 2018, 07:52:06 AM
withdrawals would be USD and not pesos. .
That means you have to look around town for a money exchanger with the best rates.
I haven't seen a few $100 bills in ages, because when I do have dollars in our dollar account, I just convert them on-line to pesos.
Now I use Transfer Wise, which they will give a good exchange rate/service fee and make the transfer in pesos to our peso account. I now only deposit our U.S. check once every 3 to 4 months to avoid the monthly service fee when our minimum bal falls below $500.
Title: Re: First trip money questions
Post by: bigrod on April 08, 2018, 08:30:52 AM
That means you have to look around town for a money exchanger with the best rates.
I haven't seen a few $100 bills in ages, because when I do have dollars in our dollar account, I just convert them on-line to pesos.
Now I use Transfer Wise, which they will give a good exchange rate/service fee and make the transfer in pesos to our peso account. I now only deposit our U.S. check once every 3 to 4 months to avoid the monthly service fee when our minimum bal falls below $500.

If you live here for a while why would you be looking around for a money changer, you should already know which one is giving the best rates.  I like my BDO Prime Savers(over 60) USD account since the minimum balance is $200.

Chuck
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 08, 2018, 08:44:55 AM
No Chuck, it wasn't me that use money exchangers. I haven't even handled any U.S. dollars in my hands in ages.
Title: Re: First trip money questions
Post by: BudM on April 08, 2018, 08:46:41 AM
That means you have to look around town for a money exchanger with the best rates.
I haven't seen a few $100 bills in ages, because when I do have dollars in our dollar account, I just convert them on-line to pesos.
Now I use Transfer Wise, which they will give a good exchange rate/service fee and make the transfer in pesos to our peso account. I now only deposit our U.S. check once every 3 to 4 months to avoid the monthly service fee when our minimum bal falls below $500.

I have only mentioned maybe 15-20 times on this board that I do not spend my time looking for a money changer with the best rates.  The one I always use I can count on having probably the best rate and if there is anything better, it is not enough to make it worthwhile to stress over.  I don't waste my time with all that.  I have a routine and that includes a money exchanger who at my convenience I will convert my USD and then go around the corner and deposit most of the pesos in a bank money machine.  Guess what?  I am in and out of there in a matter of maybe half a minute.

And I don't worry about my USD balance falling below.  And I don't worry about going over 10k for the year and having to submit the FBAR form.  Crap, it only takes about two minutes to fill it out and hit "Send" once a year.

I am not going to worry about this and that and going here or having to go there and worry about having to go outside.  I don't even take an umbrella.  I just take my time, do what I feel like and not worry about so much.  As long as I have everything covered on what I need to do, without too much effort, I am content.

I hope I never have a bunch of money so that my life remains simple and I don't have to worry about so much.
Title: Re: First trip money questions
Post by: bigrod on April 08, 2018, 09:20:03 AM
No Chuck, it wasn't me that use money exchangers. I haven't even handled any U.S. dollars in my hands in ages.

Did not say anything about you using money changers.  My comment was in regards to you stating they would have to search around to find the best changer.  Like I stated if they like myself, BudM or anyone else who has been here for a while and uses that system already know what changer to use, there is no searching around.

Chuck
Title: Re: First trip money questions
Post by: suzukig1 on April 08, 2018, 10:32:43 AM
I'm the same.  I don't do anything like anyone else.  ;)
Title: Re: First trip money questions
Post by: Art, just a re(tired) Fil-Am on April 08, 2018, 11:34:00 AM
I don't have and am not rolling around in all the big money that a few members on here have coming in.
Your last sentence in your comment fooled me too. Sounds like FERS didn't live up to your expectations.
I was just referring only to my particular situation which wasn't the norm under CRS, which provided me with an adequate pension to date, which I didn't expect at the beginning when we moved to the Philippines to retire.
Just luck of the draw I guess the way things happen unexpectedly good or bad. I just count my lucky stars and give thanks.
Title: Re: First trip money questions
Post by: Lee2 on April 08, 2018, 01:09:22 PM
Okay guys lets get this back on topic, I made another topic for the pension chat under pensions.
Title: Re: First trip money questions
Post by: ellenbrook2001 on April 16, 2018, 08:42:46 AM
hi
wow very very good answer I have been here 10 years do not I repeat do not carry the big sum of the cash on you we foreigners some time are a target be smart to be wise  taxi drivers always ask if your first trip always say oh I have been here many times same has girls always say oh been here many times so they may not to be smart on you 
Title: Re: First trip money questions
Post by: Montanacal on April 24, 2018, 05:28:13 AM
I want to thank all of you,, Especially Grey Wolf, Lee Art and Bud,, you guys are men of honour and I appreciate whenever you guys post anyting
Title: Re: First trip money questions
Post by: Lee2 on April 24, 2018, 06:37:37 AM
I want to thank all of you,, Especially Grey Wolf, Lee Art and Bud,, you guys are men of honour and I appreciate whenever you guys post anyting
You are welcome., that is what I am on this forum for, to help others and to learn from others, I find that I learn new things all the time, thus that is why I am on so often, so I can also post the information that I learn, so others can use it as well.

Thank you for the thank you, that way I know that I have accomplished my goal of helping.
Title: Re: First trip money questions
Post by: Gray Wolf on April 27, 2018, 01:45:41 AM
I want to thank all of you,, Especially Grey Wolf, Lee Art and Bud,, you guys are men of honour and I appreciate whenever you guys post anyting

Who? Me?  :D :D  You're welcome!  :) :)