Originally Posted by
A_flyer
Get an account at PNB Europe. My wife has there an account in Pesos based in Cebu. She have also an account on a French bank where she get her salary. The transfert from her French Bank to PNB Paris is free of charge (fee = 0€), and the fee for the money to arrive on her account in Cebu is 12€ till 2000€ with an exchange rate usually over P2 the rate at PNB Philippines (that's 3% more... for us) so it's very interresting and less expensive than a direct French bank to PNB Philippines (was 16€ till 1500€). So our gain at each transfert is 4€ + 3% of the amount sent in pesos. Not bad!
The only difficulty we had to open the account is that she had to go in Paris as they need personal appearance and copy of her residency card and passport (they can't open an account for illegal immigrants, they were authorized to reopen in Paris at this condition only).
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