It’s Your Money > Banking

Navy Federal Credit Union

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bigrod:
The quickest way is the transfer services, but they all cost something.  Some of the services will drop you if you are sending money to yourself and live here versus visiting.  Seen this happen to people using Xoom and WU.  Since I live here I use Transferwise because I am looking for Php at a good rate, normally the transaction fee equals about 1% of the send.  With Transferwise I have found that I can request the transfer a few hours before my money hits my US bank.  PNB has a branch in Los Angeles and you used to be able to open an account there and they would open an account in the Philippines for you.

Chuck

clarkee:
Thanks for the info Chuck!

Frosty:
We are in the process of moving in the next year.
We plan to build a house.
Has anyone had any problem with sending more then $10,000 U.S. at one time.
I think to build i'm looking at a $100,000 U.S.

medic3500:
If you're a vet you should look at USAA as your bank. Been using them for several years now. My Gov't pension is direct deposit to them and I use ATM for withdraw here . They do not charge for ATM withdraw and they also credit your account $15 or 20 (I don't remember which) each month to cover the foreign ATM fees. I use BPI atm as much as possible as they allow 20,000php per draw most of the others only allow 10,000. In theory I can draw $2000 dollars a month at no cost to me except the exchange rate which is competitive. Yes anything over that and you will be charged the 250php fee locally but nothing from USAA. I seldom have to draw more than that and I live just fine. 

suzukig1:

--- Quote from: Frosty on February 09, 2019, 10:19:32 PM ---We are in the process of moving in the next year.
We plan to build a house.
Has anyone had any problem with sending more then $10,000 U.S. at one time.
I think to build i'm looking at a $100,000 U.S.

--- End quote ---

If you send in more than P500,000 or the equivalent in foreign currency the bank will ask how you are going to use the money.  Answering that it is for a house should be acceptable.  It's due to the PHL anti money laundering rules.

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