Living in The Philippines > Expat life in Philippines

Safe Storage for Money?

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--- Quote from: lost_in_samoa on June 09, 2021, 02:08:23 PM ---From what I've heard there is no safe money storage.

I've read where safe deposit boxes were raided.  I've seen on tv news where bank employee's pull scams.  I've also heard a lot of different tales about relatives, friends, thieves, and pickpocket's.  I've been on the receiving end of this kinda stuff more than once.

Folks go so far as to reach through barred windows -n- doors with a kalawit to snatch stuff.

If I were wearing your flip flops I would organize a method of receiving money here.  Then pull from an off island account when I needed it.  Carry only what you are willing to lose.

The extra transfer fees would be the cost's of doing business.

Others may know of a better way.

--- End quote ---

I have only been here this time for 15 years and I had no idea how venerable my local finances were!! What should I do?


--- Quote from: fred on June 14, 2021, 11:52:24 PM ---What should I do?
--- End quote ---

Well .......  send it all to me.

I'll keep it safe for you.


Gray Wolf:

--- Quote from: sinsinbad on June 14, 2021, 02:47:54 AM ---
I plan to have several ATM cards.  Among them, USAA and Charles Schwab don't have ATM fees.  However, there are usually low limits on how much you can withdraw at a time.

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What is your definition of "low amounts"? We usually bring $2000-3000 cash (nice, crisp $100 bills get the best reception at the exchange desks) but also take advantage of the local ATMs when shopping. I've run into 10,000php limits, but simply returned to the same line a few seconds later and made another withdrawal with no problem. Hope this helps  :)

I've used my USAA card for years in the Philippines without a problem. I believe the daily limit is currently 600 dollars for ATM.


--- Quote from: lost_in_samoa on June 17, 2021, 01:41:52 PM ---
Well .......  send it all to me.

I'll keep it safe for you.


--- End quote ---

Best not to put it all in one place, I'll look after half of it for you  8)


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