How to move funds from the Philippines to the US

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Information How to move funds from the Philippines to the US

Title	:	How to move funds from the Philippines to the US
Lasting	:	8.58
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Views	:	17 rb

Sorry, but you didn't mention how your proceeds of the payment from the Philippines transfer to the US
Comment from : Isagani Enriquez

I m us citizen sold my lot paid capital gain tax 6 percent and realtor services was 5 percent from the total sale price I bought dollar but I can’t send the money to my account in USA must be send thru pilipino bank account from Philippines Luckily my daughter in law has still valid account we use as the transit to my account in USA
Comment from : Manuel Amoyan

The trick is converting from Peso to dollar in the Philipines prior to transfer to the US This is difficult specially if you are dealing with large sum Expect a large transaction fee also Keep in mind that Peso is considered play money (Useless) in the US and most banks won't touch it
Comment from : Gil Ramin

i m problem now about is my winners Facebook account is my winning I am no get your prize winner wher is my winner money I have no money now i need claim to call or persional claim becouse is my email no clear
Comment from : princess 123

Would you know po If a foreigner travelling here po has US company insurance, does he still need travel insurance? Thanks grandpa!
Comment from : Gemini Lady

1) if earning in RP/living in RP as well, how will a dual citizenship, remit W-2 to IRS?br2) what form must be used for me to remit W2 if employer fails to remit (FICA taxes- Social Security 62 and Medicare 145 or would it be considered as independent contractor taxation, in case the employer did not do their part)?brbrThanks @Vlogger Grandpa
Comment from : apple corpus

268Lpanunuod from Fl
Comment from : Eva Shear Vlogs

This was an interesting vlog for me In reading through the comments its easy to see something as simple as purchasing a property can result in numerous problems and being a Filipino doesn’t protect you from being surprised by things after the sale
Comment from : Tom D

Interesting and important subject I look forward to future discussion on this matter I believe a lawyer is probably a good way to go When I purchased some vacant land in Zambales we used a person who did all the running around for us As we got title to the property I guess we are good to go
Comment from : Tom D

A little more than 7 years ago, a cousin of mine sold his house and lot in the Philippines for P4M It was an inheritance from his parents but the ownership was transferred to him many years back He has an agreement with the buyer to pay all document fees and taxes He used his dollar account in one of the bank in the PHilippines to transfer about half or about $40,000 proceed from the sale via bank to bank transfer to his bank in the US He carried the rest of the money with him back to the US Since he carried more than $10,000 with him, he declared the total amount with no problem at the border
Comment from : Burdagol

Just deposit money with your Philippine bank and ask them to wire the money to your US bank for a fee No big deal Had wired money several times already
Comment from : Nathaniel Carreon

Grandpa what is the procedure when foreigners would send money to philippines like Greater amount like hundreds thousands of dollars? How It would it be?
Comment from : Marie Sterlyn Bongcac

Please I need a help in the selling of my condo in the Philippines I live here in USA If you find more reliable informations in selling property inthe Philippines Iam afraid to deal with Filipino especially when it comes to big monies Please if you can refer me to a reliable people in the people whocanhelpme inselling my condo I will appreciate it Please pm me in your convenience I like to sell it inthe near future
Comment from : Thess Schobert

Wow I had no idea all the issues with carrying money, I had $8K 100 dollar bills in my person when I went home in the Philippines onceI had no idea it was against the law
Comment from : Thara Letz ISLANDER

Sorry but I am very leery to deal with Filipinos especially when it comes to moneybrLots of bad experiences Maybe there are still some that could be trustedbrI realize being slick is in all cultures, in certain degrees though
Comment from : Island Girl

Thank you for always posting very informative and knowledgeable information
Comment from : Reuben Francisco

"FATCA"If you are familiar with it please discuss this with your viewers
Comment from : Jesse Corpus

How about if you have a business in the Philippines, how will you transfer the money to the US ?
Comment from : Lito nieto

Question yes I understand that capital tax has to be paid but you didn’t state what was the percentage rate of the 200 thousand That needs to be paid before transfer can take place
Comment from : Nigel Harland

Moving huge amount of money from the US to Philippines there's no problem as long as you have valid reason of where you're using it But if you're moving large amount from PI to US be ready because Uncle Sam is waiting to tax you if you are a US citizens So, don't lie because they will know where your money came from if it's from a sale or bank account you are liable to report both
Comment from : edmhie1

I just bought a house last month in Philippines cash the capital gain tax is responsibility the owner all i did is deducted the amount that she’s selling
Comment from : Edden Joy

When we bought our first land in The Philippines, I was shocked, that the funds for the sale do not go into a lawyers trust account, until encumbrances are dealt with You must sign the deed of sale, fork over the money and hope for the best We have been waiting over an year for this recent purchase Yes, we did pay roll the Cap gains tax into the final price, in other words, it was our cost, to pay the CGT
Comment from : David Bruce

I did transfer last month from Philippines to usa using bdo to chase bank account they only asked me sourse of income her in usa simple as that
Comment from : Edden Joy

Its a bit desultory Sorry Grandpa
Comment from : Mr Miss

You are doing a interesting subject
Comment from : Michael Spencer

You are correct on capital gain cost or loss
Comment from : Michael Spencer

Good Topic as always Repatriation of capital is a essesiritive issue However, I was able to park $30k in PI Bank with NOT much difficulties
Comment from : Don Quixote

Hi Grandpa, I don't think they have Title Insurance Comp in the Philippines It would be easier to transact buying & selling of Real Estate Properties if they have the service available Sometimes you cannot trust the seller because they sell the said property to not only one but to another buyer which ended up to be 2 owners My family was a victim of this transaction
Comment from : al roberts

I have sent money back to the USA by wire from BDO to Chase a few times without issue This only occurs if I have sold a car and have a large amount that I don't want to carry in cash or leave in my account I don't buy real estate or anything of great value so the max coming in is about $50,000 USD and maybe $30,000 out one time every 3 to 5 yrs
Comment from : David C

I guess we're only about transferring money from the Philippines to outside of the country, not taxation
Comment from : Amir Cruz

My brother in Bohol, PH send/return my money from small business in PH to the US through bank in Bohol and I had pick up the money in Walmart by money gram transfer funds limit is not more than $10K He did the transaction twice so would not go over the limit I had no problem getting the money in $
Comment from : Candy Channel

Hello grandpai would like to ask how much money is allowed to bring in going home to the Philippines?thanks
Comment from : Giana ZaSerr

A related question:brSuppose you are living in the USA and you want to own a business or businesses in the Philippines How could you regularly have money transferred into your American bank account? Thanks
Comment from : ONEDIRECTION