Itís Your Money > Banking

Banking, new laws, no more bank accounts for tourists period

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spin:
How things have changed since we last lived in Philippines. Guess we have an uphill road ahead of us this time.

ABCDeVil:

--- Quote from: Frosty on August 01, 2019, 04:46:56 AM ---I found out that BDO will not allow you to with draw money from an account that's on a different island

--- End quote ---

Hi Frosty,

My wife and I have separate BDO accts, but we travel all over the country and have had NO problem withdrawing any amount, no matter where we are in the country.

EG, earlier this year, we traveled to Manila, Dumaguette, Cebu island, then onto Mindanao (various places) then back to Manila on the way home to Zambales. At no time did we have any problem, withdrawing money, from either an ATM or over the counter at another BDO branch. Even using our BDO debit card at shops "point-of-sale". In all our travels over the last 6-7 years, around the Phils, we have never had any issues with our BDO accts.

The only time BDO seemed concerned (made an inquiry to us), was when I transferred AUS$9999 per day over a 2 week period. I took my own laptop into my BDO main branch, opened my Aus bank acct, showed them, which they were ok. NO photocopy or anything. Then they asked what the money was being used for, so I explained we were buying a house n lot. After purchase, went back to the BDO branch, showed the house sale papers and all was good with them. I did not borrow a piso, did not give them any photocopy, just showed them where / why / when / etc and all was smooth.

A few years ago, whilst still living full time here in Zambales, we traveled to Davao to buy a car. Advised my BDO branch to expect me to withdraw a very large amount at some branch in Davao. Was asked which branch, I replied, somewhere in Davao. Whilst in Davao, when I found the car to buy, I visited the nearest BDO, told them how much (a few hundred thousand piso's) to buy the car. They advised that they needed to contact my branch. So my wife and I went out, had a coffee, returned to the BDO, 30 mins later and collected the cash. It seems my main BDO branch, made a note on my acct, as to what I was going to do. All went very smooth. The 30 mins delay, was just to confirm and to count the cash.

ABC

Frosty:
We don't have any BDO ATM, debit, or credit cards. may be that is the reason we can't make any with draws.
I'm headed back to Dumaguette in December. I think I need to check into getting a card.

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