Philippines accessing money when abroad

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Information Philippines accessing money when abroad

Title	:	Philippines accessing money when abroad
Lasting	:	13.05
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Views	:	11 rb

Conjunction junction whats your function

When I visit for 3 weeks to a month I think I'm just going to keep it simple deal with the service fees and use my debit card when I'm over there
Comment from : Conjunction junction whats your function

Which one would you recommend for longer term stay in the Philippines (Wise or Charles Schwab!? I’ll be moving to Philippines for school in a couple months
Comment from : Sister in Christ

So your channel has been so helpful and amazing im enjoying my stay here near Manila, newport blvd SO in my bank app, i set my card to ON "FOR INTERNATIONAL USAGE " yet at ATMS im asked : "visa/or us debit" Trying us debit , it was BDO BANK has visa logo but it would not complete idk Making a purchase worked but id like to have PHD Cash
Comment from : JohnyDoGood

@5:25 the problem with bank to bank transfer is the bank will always give you the worse currency conversion rateplus shittty feeso not worth it sometimesalmost a rip off
Comment from : Chavacano

@1:32 is that P10000 per day?
Comment from : Chavacano

I load up my Mastercard with several thousand dollars Every 7-10 days I go to BDO to get a cash advance I believe my bank charges me $2000 each time I do this Comments?
Comment from : Al Courtines

Hey quick question,if you date a Filipina, that is separated, is that a no no ? I would hate to end up in trouble,
Comment from : mounten100

Subscribed! Very useful information I’ve got ten years to start figuring it out Thanks
Comment from : Saul Goodman

If you are an American and you have an amount of $10,00000 or more or equal to this amount in pesos deposited in any of the Phil banks, do not forget to report that account to the IRS by filing your FBAR every year If not your will be fined for it
Comment from : Edelweiss Queserasera

In NYC there are Philippine based bank branches like Metro Bank, Banco de Oro and Philippine National Bank If you deposit your monthly check in those banks, they send the amount straight to your account here in the Philippines The only thing is that you cannot withdraw money from those account in NYC
Comment from : Edelweiss Queserasera

Chase charges 3 when used here in the Phils
Comment from : Edelweiss Queserasera

AMERICA is push for a centralized, digital currency How is this going to affect world travel ? I see the visa requirements may be changing in June
Comment from : slave to the grind

Shave your body
Comment from : CAMEL CHAD akagrandpaincel

What about when your cards expire? How do you get the new ones from the us?
Comment from : ReiN

Use Remitly and send money to yourself and collect the money in the Philippines They charge me $5 fee if sent from my debit card There are so many areas where you can collect the money you sent
Comment from : Marivic Garlit

I'v e been seeing suggestions about the above name until I attempted him he's real and solid individual
Comment from : NIGHTDARKLITE

I use BDO and I can take 50,00000 a day
Comment from : Robert Jones

I have a td ameritrade debit card Schwab bought them
Comment from : Shain Haggadone

This is so helpful Thank you so much
Comment from : Jordan Price

11:26 do you have a video comparing ph vs singapore?
Comment from : Passport bro in the making

7:06 do businesses accept dollars? or only strictly pesos? in addition, i think i will only be bringing 1,000 USD and may even consider converting it to ph pesos in advance here in JFK airport
Comment from : Passport bro in the making

5:28 are there any modern atm machines in ph? that allows you to just put your phone next to the computer the way chase bank does here in NYC in additional to that, do you have a video talking about the top most modern cities in ph?
Comment from : Passport bro in the making

Dr Laway, what kind of health insurance do you recommend in the Philippines?
Comment from : ChrisnKai

Oh, one question How does Schwab work? Can one just open a checking or savings account?
Comment from : Carlos Lazu

Awesome informationthanks a million!
Comment from : Carlos Lazu

Like the Bible says I think my heart is where my money is, here in the UK I could not abide being separated from my money I would rather go deep-sea diving using an oxygen hose-pipe operated by a man in a boat above
Comment from : Charles White

Shut up jou f blaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Comment from : Asdf

Shut up
Comment from : Asdf

Get out there f Ami go home
Comment from : Asdf

No money the f filipinos
Comment from : Asdf

I don't mind the fees the only issue I have is bending limited to only a couple of ATMs like PNB and RCBC which can only be used at Lee plaza in Dipolog So if we take a trip we have to plan whats needed in advance
Comment from : Ricky Sickles

$5 is still a reasonable fee for an international transaction Most atms here in town charge $4 plus my own bank charges me $3 for going out of network I'm cheap so I usually circumvent this by buying a candy bar at Walmart and getting cash back I have also purchased a 001 stamp at the post office and got cash back 😅brbrI know this doesn't apply to the Philippines but I remember you once saying a lot of your viewers are in the US For those people, the post office is your friend
Comment from : Quackers Na

We have been in the Philippines for three years We find the cheapest way to move money is deposit a check for five thousand dollars, they charge only five dollars The big but is it takes about a month for the money is available So it works good for a monthly budget
Comment from : Jeff Karr

Made a mistake with my aunt's ATM card as she was in the hospital and needed some help Even sending a balance inquiry cost something like $10 a pop And I did it 3 times! Lesson learned
Comment from : Kenneth Chua

Don't know about USA but UK to a Philippines bank costs £2 and you can send 250k PHP for that through WorldRemit and its instant no waiting
Comment from : Tiltgameover

One question about I have a wise acct do I havecto open a bank account in Philippines to transfer to my self is G cash very good or a wise credit card so when I get money out monthly where to do get it from remitor wise?
Comment from : Jeff Horton

Capital One is the bomb No foreign transaction fees or cash advance fees for any transaction I have ever made In Ukraine and now in Philippines
Comment from : shawn gray

Charles Schwab is the way to go I've traveled the world with them They change zero fees and reimburse foreign bank fees FYI 250 P is kinda a low charge for banks internationally $6 is common
Comment from : Buster Hikney

Don't open bank account in PI, itsmeasy to put in but hard to take out Also carry cash when your in PT
Comment from : joeyj8675

I know of someone who transfers his money from his US Bank to his local bank online It works perfectly
Comment from : Yeye F

Liberian & Filipino wife in the Philippines

It's a good idea to bring $10,000 to the Philippines with you if you will stay there for a while, let's say one year?
Comment from : Liberian & Filipino wife in the Philippines

hey can i ask you a question privately by any chance???
Comment from : patrick mheich

A nice quick coverage video concerning money transfer, I'd like to get your take on cell phones, do you keep your US account phone and get a cheap phone for local use in the Phils via Smart or Globe Sim cards? Do you just purchase a phone in the US and make sure it's unlocked before leaving the US, how does that work? What's a longer term solution if you're going to retire in the Phils, I've heard others say they set up a Skype account with their local Phils phone as well, thoughts?
Comment from : Dharri

Very important to know, thank you 😊
Comment from : Sable Marello

Goodness, gracious!!! When I went home for my nephew's wedding in Gensan I had a lot of trouble with the ATM's When it rains, the machines are down and I could not withdraw cash A foreigner staying in the hotel we were in was having the same problem I ended up borrowing money from my nephew😓
Comment from : PinkLemonz

We used PayPal to Gcash There was at least 10 Gcash out places there in Digos Also, no problem getting cash in Mangagoy
Comment from : Sell Everything, Move to Philippines

Eye opening I didn't know you'd need to utilize an intermediary service to transfer money from your US bank account to another bank account you open in another country I figured it would be as simple as it is to transfer money between accounts in two different US Banks, and not getting charged service fees to do it It's also good to know you need credit cards without foreign transaction fees I have multiple credit cards but have no idea about their transaction fees if used out of country If I choose to be an expat when I retire, I have homework to do I'm happy YouTube is available to assist me in learning about things I didn't even know I needed to know Thank you for sharing
Comment from : Mark Loftin

Remitly and Zoom are my go to's VPN is essential using those services when in county
Comment from : josan

I've been watching videos on living overseas for a few years now and have always wondered about personal finances in a foreign country I hadn't seen it covered up to now This was an awesome discussion on this subject Many thanks!
Comment from : Walter Carillion

Nice video Is it common for foreigners to use Wise to pay rent straight to their landlord's bank account?
Comment from : Wes DeKoda

Great video I shared this to my parents, who are back home in the Phils and have no idea how today's international exchange systems work despite having lived half of their lives there They have a "suki" at the palenke who takes US checks and pay out in cash 1 PHP/1 USD Shady AF brbrI personally rely on online banking systems in the US (Betterment) that offer zero foreign transaction fees However, because they are affiliated with Visa, many ATMs in the Phils do not recognize them I noticed many ATMs in my province are Mastercard friendly This is why I also have an account with Aspiration, since they have Mastercard affiliation
Comment from : Pete Falcone

I send myself world remit money transfer
Comment from : Malek Aouissaoui

I’ll be going to Davao on Sept 1 until Sept 25 I’ve been to the Philippines many times I’ve used my debit card and my Amex Platinum has 0 foreign transaction fees And you’re right I get rewards points So much so that I actually paid for a trip to the Philippines after going a few times and using my Amex
Comment from : Jimbo Cobb

Good video, Dr Luh-Why Remitly is a good place to send yourself money in the PH
Comment from : MV

Good information My wife and I are retired here in cebu city I have a capital one Venture travel card and it's a good card to have No international fees, 95 of the time we get the daily peso exchange rate, and 2 to 5 travel points per dollar spent chargedbr When you use a creditcard and the cashier ask charge in Peso or dollar always say peso or their bank will charge a 5 feebr I have a couple of questions for you If you have a Philippine bank account or any foreign bank account, do you file an FBAR with the USA govt?br When you use your Charles Schwab debit card, do you get a good exchange rate?
Comment from : Faron Ray

Doesn't the Schwab International account require $200k in a Brokerage account attached to the Checking and Saving and balance can't drop below that to get the "Reimbursed" fee's? Also, how do you handle filing US Tax Return's if you are living there permanently? And finally, other than a VPN, which I use all the time even here in the US, is there any other "Online Security" programs you use on your Computer to keep from getting hacked? THAT scares me the most, having your accounts drained and being screwed there overseas Thanks, great video!
Comment from : Big Johnson

What do you think of services like Remitly with a VPN showing that you are in the USA?
Comment from : Michael Geyman

I traveled to the Philippines from the US in March 2022brI had the foresight to transfer $8k USD to my fiancé s Philippine bank account before I left the US The purpose of this trip was to get married The 8k was used to pay for the wedding and to pay for 4 months of condo while I was in the PhilippinesbrThere was a BDO bank in the condo where we stay (my now wife uses a BDO bank)brI tried to open up a bank account with the BDO bank No joy I needed additional Philippine ID documents in order to open up a bank account Even the ACR card issued by Philippine immigration was no enough The ATM at the BDO bank would not accept my debit card The machine in the BDO bank was always down as well I did find a ATM at a market that I was able to use (250php fee) I didn't find out what the maximum withdrawal fee wasbrbrMy question How does one open up a bank account in the Philippines when you enter the Philippines on a tourist visa (30day visa upon arrival) ?brbrBanking, visa extensions, and transportation could be greatly improved in the Philippines
Comment from : Emmanuel Goldstein

Man, you are spot on I have brokerage account and IRA with Schwab just need to open Checking & Savings acct Specifically when I go home to PI I can do the same thing you’re doing Thank you so much
Comment from : Gus Camp

Learn Tagalog words sir please but i support to you video all adds no skip but please learn Tagalog for more nice video gudluck ingat ☺️🤭👊✌️
Comment from : Lhuffy Dedios

I use USAA and no fee's Except the initial 250p to withdraw here
Comment from : Flynhiway

Best video I have seen so far one money transfer This is what I needed to help me prepare
Comment from : T Wills

If you are a veteran get a Navy federal account If you absolutely need to go to your bank it’s only a short plane ride to Guam
Comment from : Bruce Latham

Good morning have a great day we are glad that you visiting in the Philippines
Comment from : Yolly Benas

Before I moved to the Philippines, I added my older son, whom I explicitly trust, to my bank account I did this so he could help me work out any problems I might encounter with my American bank while I am living in the Philippines I am glad he is on my account because I have needed help on two occasions, and he was able to go into the bank and deal directly with the issues Obviously you need someone you absolutely trust and who does not interfere with or question your business
Comment from : James Todd

I transfer money directly into my girlfriends bank account by Remitly It costs me $299 per transfer
Comment from : Rick McNeil

One question if you get a chance to reply How would you transfer money for the purchase of a vehicle?
Comment from : K9 Companion

I walk up to Metrobank, Banko De Oro, Palawan, Cebuana, MLeuhelier, and open my Xoom account Send money to my wife and 5 minutes later get the money They make money on the exchange rate with a nominal fee depending on the amount and if you want the money in US dollars brbrPrior planning will go a long way to make life easier in the Philippines
Comment from : Von Doromal

Make sure you have several access points for monetary reasons
Comment from : Willie Tee

I want to create a private online wallet exchange with very low fees for all foreigners to be able to use to move money around even in and out of crypto with out all of the trouble and issues here in the Philippines and globally
Comment from : Chris Cross