How to transfer money to Philippines

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Philippine Retirement and Travels

[@gerrymcnally9344]

Great video. This helps those of us who send money to the Philippines. Plain, clear explanation of money transfers. Thanks a bunch!

[@maretvilla1531]

We send $1k a month to my mother in the Philippines via Western Union. We send it IN DOLLARS, NOT PESO. My mother would get it in dollars and she said it has higher exchange rate when it's exchanged into peso right there in the Philippines. Plus, the more you send, you get bonus points which can lead into zero future zero to discounted price on service fee.

[@PhilippineVillage]

If your mother have bank account and you have account bank of America, you can send peso, bank not take charge and rate high . I am not have expirens, but I am check this information website bank of America.

[@briansweeney5930]

Grandpa, thank you for all the information. I love your channel. I live close to you right now in Philadelphia. I have only visited the Philipines twice but I fell in love with your country! I have never met so many genuinely friendly people in my life and I have traveled quite a bit. Its also the most beautiful place I have ever seen. But the people really made an impression on me. I have only seen Legazpi and the area around MNL between terminal 1 and terminal 4. As soon as I get used to being next to a smoking volcano Im sure it will seem even nicer. I just wanted to let you know that all your information especially with the constantly changing travel rules. Thank you so much. I hope you are offended that I called you Grandpa but I intended it as a term of endearment!

[@vloggergrandpa2707]

No offense taken. That's what everybody calls me. 😄

[@zaida13vlogs78]

Thanks Vlogger Grandpa. Very informative. More power!!!!!! God bless you and your family

[@joemelpomarca3857]

I agree, wise(transferwise) is the best option in transferring money to the Philippines.

[@artpunsalan2957]

Xoom has app on the phone and you can send remittance wherever you are. That is what I do when I’m in the Philippines, I send remittance to my dollar account in the philippines and have never had a problem.

[@Katrinabuttles827]

Wow thank you for this

[@Amen.22]

No problem, but it costs you more.

[@leonoraalmanza9970]

@@Amen.22 no fee if it’s bank to bank. There’s a certain fees if it goes to MLullier etc

[@doesntmatter3068]

Remitly has a LOT better rates then Xoom has of this date 4/2/2022. And if your planning to retire in PH, a MUST to do before you go is make a Charles Schwab account. You can link your bank account to C/Schwab account, Once this is done, 3 clicks, money from your bank is transferred to CS account. Reimbursed international ATM charges, plus they can wire larger amounts of funds to you.

[@fereimer9842]

Thank you grandpa for a very good information. Enjoy life in the Philippines.

[@moonflower1433]

When sending thru Western Union, they will charge you 3 or 4 bucks per $300.00, then the counterpart in the Philippines will deduct 35 pesos more, maybe higher today...yup lower conversion Thanks vg for the info..

[@fcicabyss74]

It is always helpful to watched your videos, thank you so much God bless po and stay safe!

[@Cebuprince]

The easy way and the cheapest way is to open a Philippine Bank Dollar account is to write a check on your USA bank and deposit it here to your Philippine Bank account the usual fee for this is $5.00 . Now your money is deposited in your Philippine bank in US dollars , I have written checks for as much as $30.000.00 at one time and no problem for the same $5.00 fee the only problem is that the check usually clears the US bank in 5 to 10 days this varies and then it usually takes another ten days to arrive in the Philippine account. The banks usually give a very good exchange rate but sometimes you can beat that rate on the black market, shop around a phone call is all it takes. I am sure you understand this fact but for the sake of others, The Black market is a term used for a licensed foreign exchange dealer that is not a bank, he is not some guy down a dark ally somewhere.

[@92646snake]

The WF Portfolio program mentioned at 15:32 has two tiers: Portfolio and Portfolio Plus (WFP+). The $4 ExpressSend fee is only waived for the WFP+, and not for the regular Portfolio. An overall relationship (checking, savings, brokerage, retirement funds etc.) of at least $250K is required to qualify for WFP+. In Danny’s example, the difference between Wise and WFP+ would have been reduced to only PHP122, since the $4 fee is waived. But another advantage of WFP+ is international ATM fees are waived. It is like the Schwab ATM except WFP+ waives the ATM fees on the same day of the withdrawal, instead of end of the month for Schwab. Since the ATM withdrawal in PH is based on the local bank’s exchange rate (not WF exchange rate), it is like exchanging your dollar bills at the bank, which is the best exchange rate you could get, as mentioned by Danny, but without carrying actual dollar bills. You only carry one ATM card, whether you are in the US or somewhere else in the world. We moved some of our IRA’s from Fidelity to WF to qualify for WFP+. Since it is a self-managed IRA, the fees and yields would have been the same, anyway, whether it is parked in Fidelity or WF.

[@josephserfino91]

World Remit is the best...the lowest fee of 1.99 and exchange rate may not be the highest all the time but always competitive

[@glendooer6211]

IF you can find a local you can trust to open a local bank account,,I use Word remit, and do a bank transfer to my account cost about $3 per transfer. Using a debit will cost 250ph per 10k.. A few bucks will add up over yrs.

[@yomama383]

I always go to the local money exchanger, they give the best rates.

[@billyjohnson9166]

Your 100% correct

[@kristabellmercado8229]

Thank you Grandpa for this great video. Very helpful and informative. ❤️

[@rephillips56]

I have always had success with Wells Fargo and BPI, using ExpressSend from Wells Fargo. BPI gives me dollars on my Wells Fargo ExpressSend.

[@feltorres4807]

Thank you!Always very informative all the vlog you do,specially the health insurance policy for out of the country and out of states

[@anthonymcroberts2950]

Always best to transfer bank to bank or directly to yourself and pick up at Cebuano or Lehmueller. Never use debit or credit card, the fees are exorbitant.

[@bachelorlifestyle2068]

Haven't had any problems with xoom. I even lost my password & they logged me in through email. Their customer service has improved by a ton.

[@Amen.22]

No problem, but it costs you more.

[@eddenjoy5990]

I’ve been using Xoom since 2010 monthly basis until now i dont have any problem at all.

[@maricarlarimer5412]

I’ve been using Xoom for years without any issues . Thank Goodness 🙏🙏🙏

[@vetwidow]

I exceeded to my limit in Remitly now they only allow me $100.00 and charge me 3.99. In a way it’s good to stop sending for a while and probably find another different remittance later lol.

[@blackwaltz3135]

I use Remitly, it seems to be the most balanced, but I have not used all so dont take my word on that. I want to also add that its probably not correct to use a one time exchange rate for remitly, its more like $46.91 right now

[@oscieestanislao5840]

Another excellent informative video Grandpa..

[@Mariju_lpjb]

Wester Union is the worst ,any $100 to $500 is tha same fees$9.00 Then the recievers still they’re deducting fees from the money and they are offering insurance to reciever. Geee! I complained to the Head Branch they said it is wrong to deduct fees to the reciever . It always happened to me .

[@creswhiteside3749]

Very informative. I used Western Union. I don't used the company any longer. They are not reliable due to their machine break downs. . Walmart and Western Union charge $19.00 fee . They are available as needed. . I found out Wells fargo has the ability ,to do the work $4.00 fee on $1,000 limit per transaction. I am not a big sender. Just an info. Credit unions do not do do transfers. I do not know about other credit union in other areas. Grampa ,maraming salamat po.

[@andershedberg8867]

I can only speak from a Scandinavian point of view, Remitly and WorldRemit are reliable and the fee around 2 dollars. Used Western many years ago but its expensive.

[@bibingkamasarap]

Thanks for sharing your info.

[@8505jennylane]

paid Western Union a higher fee for the recipient to received the money in USD ... however ... once claimed at the remittance center/kiosk ... the recipient was handed the money in PhP. [Wrote WU about this but no response. So they’re history.]

[@amiewhittemore9838]

Did you tell the WU Customer Rep that you want them to claim in dollar? Because that's why I did. and they got it in dollar, though the exchange rate in the province is lower than the actual exchange rate, unless if your family is in Metro Manila, they get the exact exchange rate.

[@sgtusa90]

AWESOME Info. :)) THANKS ...... 4 Ur WISDOM And ASSISTANCE On the MATTER !!!!!!!!!!

[@miriamdeguzman7940]

Sir Vlogger, Bank to Bank tlaga pinakasafest kailangan meron karin bank acount sa Pinas Bank remitance mas madali at makamura ka, Metro Bank to Metro Bank depende sa location mo, i live in New York thats what i do,

[@boomslang2681]

What if wala pong bank account sa Philippines?

[@relaxbecalm5574]

I had issues with Xoom where they would put it on a 3day hold so I now use World Remit

[@deadbugdoug]

I belong to 2 credit unions. They have both quit doing international money transfers within the last year.

[@paulosborne32]

Excellent!!! Those who are permanent in the PI.....MUST...always do their own research with their actual transfer amounts. NEVER use Western Union....high fees and too many hoops. Grandpa....you are worth your weight in GOLD!!!

[@thecosmicsnail]

amen brother!

[@stevesettlemier5916]

Yes, WESTERN UNION is just so much Crap to use!

[@SpiralEnergies]

Thanks grandpa! 🤗

[@tmorales3196]

$22 fee on second and further transactions for remitely ??? Weird, Im using remitely mostly and always pay 3.99

[@FaFa-v1i]

Thank sir 🌺🌷❤️🌷🌺

[@medz1111]

...thank you Sir for the infos...God Bless...

[@Roma-zu4rp]

Yes Xoom is a good money transfer. We do send 1000k every month of our condo in the Phililppines it take couple minutes.

[@albertthomas7295]

My experience is that XOOM does not provide the best exchange rate when sending pesos to the Philippines..

[@johnnypastrana6727]

@@albertthomas7295 That is why you must send it in American dollars via XOOM. They offer the option to send it in dollars.

[@Katrinabuttles827]

We used MoneyGram to send money in the Philippines.

[@ckSport3000]

Xoom is a PayPal service and they have the best cyber security hands down.

[@gorgy621]

Wells Fargo is ok. I will check out Zoom. I prefer to send money to be received in dollars in the Philippines.

[@Neal_only1]

I can even call my bank Navy Federal Credit Union from home here in Manila and just tell them how much dollars i want for a flat rate fee of $14.50 (no Exchange Rate) sending US $

[@samsmester7983]

I usually use Remitly and Mi Bank, at 7:42pm today Remitly shows 1 USD = 46.91 PHP, my Bank shows 1 USD = 46.953 PHP. I just sent $500 via my Bank. Remitly has a fee over that rate, the Bank does not. With Remitly you get the money in PH instantly, International Bank transfer takes 2 to 3 working days.

[@DivineTrueGod]

Isn't there an advantage of opening a bank account with Philippine National Bank or Metrobank who are already doing business in the US where i can do direct deposit of my social security income (in US dollars) into the Philippines banks in the US which will be available in the Philippines, therefore, bypassing any foreign exchange fees? Whereas, if i open an account in the Philippines with a bank that has no presence in the US, then i will need to pay a transfer fee to get that money to the bank in the Philippines.

[@vloggergrandpa2707]

There are usually two fees you pay when you move money. The specified service fee, and the exchange rate differential. I don't know which one you are referring to when you say transfer fee. The only way you can avoid exchange rate differential is to send dollars to yourself. If you send Philippine currency, there will ALWAYS be an exchange rate differential. I don't know if some banks will allow you to send dollars. If they do, you can receive dollars and convert them in the Philippines as you need them. All you have to pay the specifically disclosed service fee. I'm aware of PNB in New York where you can have your social security checks deposited monthly, and they will forward the money to you in the Philippines for a fee of, I think, $7 to $10 per transaction. I don't know though if they will send it to you in Pesos or Dollars. If they convert it and send the money in pesos, you will also incur the hidden exchange rate differential. Also, to open an account you have to do it personally at PNB in New York. That is not convenient for me that's why I did not even pursue PNB. Each bank is different and you really have to look into what is available to you, what is convenient, and what is most financially economical.

[@DivineTrueGod]

@@vloggergrandpa2707 Thank you for the clarification!

[@codybrucewilliams]

i finally decided to pay off my scooter since i don't know when i can get back to PH with border closure, I send the money through Western Union in 2 pieces since their fee was super high for sending 50,000 peso. I think it was $60 cad fee... but if I split it in 2 payments of $600 cad it was $8 each. lol

[@jamesloerzel4377]

Be careful some also want to charge a fee, for the person receiving the money as well as a fee for sending it...

[@kennethseif970]

I get the exchange rate posted for the actual forex rate at the close of trading for that day.

[@ianatkinson4512]

I'm using Worlremit to send to g/f bank acount from Australia.Usually in her account within 2 minutes.Western Union has limits on how much you can send to one person each month I think.

[@arlenedidal3188]

Thanks for the good info.

[@SuperSoftlad]

excellent advice

[@rickandmariafilipinaameric7869]

I use Remitly. I specify to recieve us dollars then she can shop rates. but, yes there is a fee for me depending on if i use debitbor credit card. i hear Citi bank and Charles Schwab have less fees.

[@vloggergrandpa2707]

Yes, I forgot to mention that. I have that account also but for purposes of using the Charles Schwab ATM card in the Philippines.

[@duals-growthofculture2085]

Have you tried western union? It's been good for me and money is there same day!

[@waterheaterservices]

Western Union rewarded my years of patronage by suspending my account, with out even courtesy of a notice.

[@susanball7051]

Going to a black market in the Philippines but as soon as you walked out someone is following behind you and rob you!

[@Amen.22]

I think if I was going to retire in PI it would be best to direct deposit my social security to a dollar account in a Philippine bank. Am I correct? Also I have a Charles Shwab checking account with 0 ATM fee and any fee the ATM charges is refunded anywhere in the world.

[@cryptoice707]

my bank atm card and its free , cost me nothing and my bank gets me the best rate.. beware of sending money to bdo or any other philippine bank .. anything over 100k peso’s they look at you crazy in the bank..

[@jaycockerille3227]

hehehehehe I sent over 9 thousand dollars twice in 48 hours.to my gf bank account and then we went to withdrawal $12,000 US dollars in peso's at one time. That was an experience to say the least 3 hours sitting in the bank waiting for help on the withdrawal. A lot of questions and they talked to me also and I affirmed who I was and they proceeded to collect the money at the counter and it was a big stack of money. I was not happy that they had nothing to put the money in, and I had not brought a bag to carry the money. And about 30 plus people sitting in the bank watching me as I am getting my money. Then I had to carry it out in my arms as everyone was staring at us.. OH the memories of yesterday m8... lol

[@TomBTerrific]

I believe if you have a Charles Schwab account they transfer money with no fee.

[@cdblatch]

Wells Fargo. Charges a lot to send a wire(40+). But if I use my credit union they will send via Wells Fargo for $25...crazy

[@justmusic8166]

Thanks, do you have any information on Charles Schwab,l have heard there's no charges on the atms when you use there

[@vloggergrandpa2707]

That is true. Here's the link: www.schwab.com/public/schwab/investing/accounts_products/accounts/account-step2.html?checking

[@robbieragsdalesarmered-dil1940]

You can just do a money transfer from bank to bank in usd and change it there in the Philippines

[@ropineapplehead2198]

Which banks? Any type of fees?

[@maretvilla1531]

But the exchange rate is small when you use bank to bank. We send $1k a month to the Philippines via Western Union and we send it in DOLLARS, not peso. My mother said it has a higher exchange rate when they receive it in dollars.

[@vloggergrandpa2707]

@ Ro PineappleHead Ask any bank then use the computation method to compare your real exchange rate.

[@cdblatch]

I use wu for pesos..2.99$ if I send debit to bank directly deposit. If I send bank to bank it says 0 fee(I haven't tried yet cause I think not as fast). If I send dollars I use Xoom because I can't send dollars with the others. I used remitly a few times but they gave me a hard time when I in the Philippines after sending successfully. They insisted I send my proof of bank account and US address by sending a copy of my bank account. Lol. They had all that information when I first signed up. This was when Taal blew up and we had no power and they were using up all my phone battery.

[@wyldwilms]

Great video. Glad I discovered you. Is there a minimum amount to open an account in the PI?

[@vloggergrandpa2707]

Yes, and it depends on the type of account you're opening and the bank you are dealing with.

[@OneWayOrAnother167]

I agree u Grandpa Zoom is the best.

[@waterheaterservices]

World Remit has served me well for several years.

[@dencioz55555]

Always admire Vlogger Grandpa! Sir, is there a bank here in the US that has a branch back in thr Philippines where you can just go there and withdraw your money even with a fee? I mean US banks like Wellsfargo, Chase or Bank of America. And also why is it that seems like WU is not a good choice to send money on the Pi?

[@vloggergrandpa2707]

I don't know about that because even foreign banks will be subject to Philippine laws. However, you can open an account at Charles Schwab online in the US and make withdrawals through ATM in the Philippines. At the end of each month, they will refund to you any ATM charges charged by the bank.

[@dencioz55555]

@@vloggergrandpa2707 thank you. I will check that one.

[@92646snake]

Of the 4 major US banks, only Citibank has retail banking operations in PH. BofA, WF, and Chase have a presence in PH, but they only cater to commercial/merchant clients. Citi only has 3 branches and 3 ATM centers in PH. I tried Citi in PH about 10 years ago, but due to the horrendous traffic conditions in Metro Manila, it took me almost an hour to get to the nearest branch in Eastwood, which was only 3 miles away. I just decided to do my banking with a BPI branch which was 10 minutes away from our house. It could be OK if you live very close to one of the Citi branches; otherwise, look for other options.

[@davidhutton]

The last time I used my Schwab card (and that was Dec 2019) I got my ATM fee right away.

[@remyyingst5025]

Hello sir Danny, First of all, thank you for all your informative vlogs. It help us understand things we are not aware of. I have a friend telling me that etheir you are US or Dual citizen, once you go out from USA,you must comeback within a year., if not, you may need a re-entry visa.? How long a US or dual citizen can stay outside the country?

[@vloggergrandpa2707]

In the U.S., you can stay out forever if you are a U.S. citizen. If you are a *permanent resident* , you have to be back in 12 months. However, someone told me that it is now 6 months.

[@ropineapplehead2198]

My wife is an US permanent resident that went over in December 2019 and then returned in early December 2020, nearly 12 months. If that changed, it had to be just recent.

[@cirtrisus]

PNB US to PNB Pilipinas has no limit as long you prove that it was not money laundering and a fee of $8. I sent some of the money on the proceed of sale of my house in the US, and bought a house in the Philippines.

[@Captford]

The BIG PROBLEM with PNB is that if you write a check from a bank in the US it takes 30-business days to clear the check even though your money, sent from the US bank, is sitting in the PNB band for over two weeks.

[@thecosmicsnail]

@@Captford seems like a problem if you don't budget and know your monthly flow.

[@marcelitosalvatus3533]

Grandpa, can you discuss ..what about if you want to convert Philippine Pesos to US Dollar when you're in the Philippines. Is there a limit how much US Dollar you can purchase with your Pesos?

[@vloggergrandpa2707]

I will definitely do that when the time comes. 😉

[@lalisago]

Thank you for the details @Vlogger Grandpa! I also heard OFX is another good one (similar to Wise, formerly Transferwise). My question is to get your input on the opposite. Example: I sold a property in the PI, but want the proceeds to be transferred to my US Bank. (I realize that I will take a hit with the exchange rate, but for personal reasons, it makes sense for me to have the proceeds transferred from the PI to the States). What would be your suggestion in this situation?

[@vloggergrandpa2707]

I have not experienced this yet. I suggest talking to your Philippine bank. Two or three banks told me that it is not a problem provided I can show where the money came from (e.g. sale of your home) and that the capital gains tax has been paid. I don't see that as a problem.

[@ropineapplehead2198]

@Vlogger Grandpa, maybe some of the different types of taxes foreigners can incur in the Philippines would be another topic you could cover!

[@gtf564]

First of all, thank you for what you do. I salute you Sir! Do you have any information of transferring the proceeds back to the US for a sale of an inherited property in Manila? Is Bank wire transfer the most ideal way? Also, would you know if this is reportable to the IRS?

[@vloggergrandpa2707]

Work with your bank in the Philippines because wire transfer is the best for a large sum of money. Technically, if you are a citizen or resident, everything is reportable to the IRS.

[@sorola]

Thank you, po!

[@lydiairansom]

Hello there sir!I really enjoyed all your topics,retiring in Phils,SS benefits,Medicare and etc,I Love it👍🥰.My question is...Can I transfer monthly my dollar account here in CA.through online to my peso account ,in Phils? Thank you so much sir🥰👍🙏Take care and Godbless 🙏🙏🙏More power to you and stay Safe and Healthy🙏🙏🙏

[@vloggergrandpa2707]

Yes, you should be able to.

[@nestorvaluis2270]

Hello grandpa! I don't know, i could be wrong but i just checked Xoom's fee for dollar to dollar transactions to Philippines, if you send $2,999 to the Philippines the fee is $14.99 not $7.99. Perhaps, $7.99 fee is just for 1st time sender or some promo.

[@vloggergrandpa2707]

Are you from the U.S.? It's 7.99 for charge to debit card, and zero for direct charge to your bank account.

[@donaldzapanta3236]

Hello Sir, Can you make a vlog on VPN that you mention and what are secured VPN and rates for a yearly

[@hygieagaloos2019]

Thank you Sir ill check zoom

[@euie4520]

So, currently you say the best way to get the most for your dollars is to transfer dollars from the States to a dollar account in a Philippine bank. Then, get the dollars exchanged to pesos in the Philippines. Did I understand that correctly? Thanks!

[@vloggergrandpa2707]

That is correct

[@MrHawaii42]

I sent ,$5000 to PI using zoom,no fees if you use your bank account to pay,not debit card.

[@vicvillena]

I don’t believe it, show us proof.

[@ryanrhea1]

@@vicvillena its true, I sent also.

[@kheydess6268]

I use paypal with xoom there fee is 2.99 euro.. And i am satisfied there service..

[@nysmindnancs6899]

I’m thinking of buying a property in the Philippines Cash,correct me if I’m wrong,but I will open a dollar account there so l can wire transfer money via my bank here in the US.

[@vloggergrandpa2707]

That's correct.

[@BondservantofYah926]

I use WorldRemit

[@blum7076]

What are the hustles of bringing cash to the Philippines? I know that airlines are asking passengers to fill a form & asking you if you are carrying more than $10K cash. I don’t know why? Can you explain this please.

[@cirtrisus]

This is US law treasury department.

[@thecosmicsnail]

You probably know the reasons why.....drugs, guns, and lawyers, seems like a good call to me.

[@marvinphillips1326]

How do expats transfer money from there US bank to themselves? I hear the issues they have with Philippine ATM's. I have a Charles Schwab acct, but if the ATMs are out of money how do expats get money?

[@vloggergrandpa2707]

Try other ATMs or open a bank account in the Philippines. Try other facilities like Wise.com, Remitly.com, etc.

[@KrayPurn]

I only use China Bank ATMs when in the Philippines. They are the most reliable from my experience. By the way, I use my Charles Schwab card nearly exclusively while in the Philippines. Charles Schwab pays all ATM transaction fees back to your account. If you have a US Dollar Philippines account, I would have recommend writing a check from Charles Schwab account to your US Dollar Philippines account if it is a very large amount.

[@marzopapz1416]

Im from Philippines and i would like to send money to UK which is the best to use?

[@konasteph]

I have a few questions: I went on the website of wise (I think) and it said that the recipient in the Philippines must fill out paperwork to declare the money received (if a threshold is reached) and pay taxes. (6% was mentioned) and failure to file that paperwork would result in ... whatever. IN ADDITION: my fiancee in Philippines (while we are waiting for the k1 visa for her to come to the US) was advised by the BDO manager that transfers from abroad will trigger "questions" unless each transfer is below 300 000 php. I would please ask for a opinion on this, if you wouldn't mind. I am very uncertain that I am doing the right thing in retiring in the Philippines. No ownership of real estate for foreigners permitted in the Philippines... It is a country of many restrictions.

[@vloggergrandpa2707]

I'm not familiar with respect to money being received by others in the Philippines. My fund transfers are all to my own personal account.

[@charmchiggs4102]

Use Remitly

[@bjreacher6402]

I have the same question. I've seen that the limit is 250,000 pesos for the year. Above that the recipient? gets taxed 6%. This is for a monetary gift to anyone in the Philippines regardless of relationship to the donor. Wise did not warn me about this, nor did Remitly but it is something I looked up on the internet. Is this true? I want to send 400,000 pesos to a friend but I don't want to make a hassle for them or me. Anyone have knowledge of this?

[@humancaos]

I only used western and wise WU I ran into trouble so many time needed to provide documents then money would not go through. I then started using wise (transfer wise at the time) never had a problem Opened and account with them got a visa from them and now most of the time when I send money it's there the same day. Because I have an account and visa card I only need to add money to my account and withdraw from an ATM in pesos.

[@jeffbrandenburg8672]

Western Union is horrible!

[@iyakinlang1234]

Hi Sir.Pls.vlog how to travel with a big dog (Doberman)to Philippines.Documents needed to airlines.How much will it cost? Thanks

[@vloggergrandpa2707]

I don't know anything about that yet. Sorry. Maybe later I will decide to do a vlog on that. 😀

[@Gary-pogi]

Too much talk of exchange rate. Always send USD and do the exchange yourself in town with the best rate.

[@jesusconcepcion6489]

Transfer $200,000 from your own US. bank to your dollar account at say PNB they will waive the transfer fee ($50.) if you have $ 15,000 combined savings and checking balance in your accounts. I have been away from the Philippines for 20 months and my peso and dollar will be closed being inactive. Please reiterate this to your viewers about this.

[@nelcaps1965]

By Transfer sir, do you mean wire transfer from your US Bank to a dollar account at a PH Bank? And are you saying the PH Bank also charges for receipt of the wired funds even if you opt for US unless it is a big amount? What "documentary" requirements does one expect for such a "large" wire transfer to a foreign country? Salamat po...

[@Joe-ox7qg]

Can explain more about the dollar to dollar account in Philippines? How did you open a bank account in the Philippines as a US citizen?

[@vloggergrandpa2707]

I did it personally, but I am a dual citizen. Just presented my Philippine passport.

[@ropineapplehead2198]

Another vlogger indicated they had to be in country for at least 3 months and show some type of long term visa. So it can be done but he indicated the process was extremely slow and your patience will be tested!

[@aloha6441]

Hello Grandpa! I will be migrating to US as K1 Visa Fiance. Can you recommend US banks where I can transfer my BDO and BPI savings? I also don’t have a Credit Card here in PH. Will that be a problem when I go to US if they will be looking at credit rating?

[@vloggergrandpa2707]

Before you can transfer, you have to open an account. I'm not sure you can open one without you being in the US. One way you can do it is to open a dollar account at BDO and open an online account to access it. Ask them how to transfer the U.S. dollar account to a foreign bank before you leave. Make sure it is working. If you want, you can try to transfer a small amount to someone you know just to test to make sure it is working. You should be able to get a credit card but the credit limit might be small if you don't have a established credit in the US.

[@aloha6441]

@@vloggergrandpa2707 awesome! Thank you!

[@abgeebssr7344]

I wonder if you had made a video before about transferring money from the Philippines to the U.S.

[@vloggergrandpa2707]

Not yet because I have not experienced that.

[@abgeebssr7344]

@@vloggergrandpa2707 Would be interesting topic for folks with legacy properties in the Phil.

[@oscieestanislao5840]

Grandpa, can you do Bank like Wells Fargo, Bank of America, Chase Bank, Charles Shwab, Fidelity and other big bank to compare of sending money to the Philippines? Thanks

[@vloggergrandpa2707]

I did Wells Fargo on the video as a comparison. You can do the others when you are about to make a transfer since they change every single day or hour.

[@Amen.22]

I have a charles Shwab checking account. I can use any ATM in the world with 0 fee. If the ATM charges a fee Shwab will refund the fee.

[@joancolumbis941]

Good day Sir I may ask our concern? My husband is planning to transfer his money and planning to retire in our country what are the best banks in the Phil's that are more safe to transfer?

[@vloggergrandpa2707]

I use BDO, but for no reason other than they have lots of branches. It's best to know someone inside the bank for better service. Relationship is gold in the Philippines.

[@joancolumbis941]

@@vloggergrandpa2707 thank you for the reply Sir.

[@esmeniatagare8495]

Hello sir, Which bank is doing bank to bank, can I go to wellsfargo ? Bank to bank remit, I asked my daughter to open a dollar account, Can I go to wellsfargo and ask them for a bank to bank remit. Thanks grandpa vlogger, Always watching your vlog, very helpful. Thank you so much

[@jamesfulmer6427]

Why not moneygram ? I use them after I told soon to stick it up there! Lol I transfer to my wife bank account and get 48.058 on the us dollar fee is only 2.99 to send . zoom was horrible

[@nebbgallard2748]

Hello grandpa, how can I send $35K to the Philippines to pay off my condo unit before i retire. Any suggestions?

[@vloggergrandpa2707]

Through your bank. Or, to get better exchange rate, use Wise.com. You have to send it in smaller amounts multiple times since there is a limit. I can't remember the limit at this time.

[@Finno.]

Hi. I like your content. Wanted to seek some information from you. If a foreigner is earning KZbin income while on permanent visa, does he need to pay taxes and register with AEP?

[@vloggergrandpa2707]

My understanding is that if you're staying for longer than 6 months, you will be subject to tax. But I don't know how they tax you since your earnings will be coming *_from all over the world_* .

[@susanball7051]

VPN Thats a very secured when banking

[@robindavis2370]

Do you know if you can have your social security ira or what not direct deposited in the philippine banks and just do away with the usa bank to eliminate the possibel transfer problems... or is the philippines not trust worthy for that route..

[@vloggergrandpa2707]

You can on Social security, but I don't know about your IRA. You have to check with the IRA custodian.

[@Amen.22]

@@vloggergrandpa2707 So direct deposit social security to Philippine Bank dollar account, no fees? If SS is $1000.00 you would have $1000.00 in your dollar account. Correct?

[@vloggergrandpa2707]

I don't really know if SS charges any fee. You have to find out about that.