Ok I guess your talking about the Philippines National Bank - the only draw back if you use this service - All deposits (which is now classed as source of Income) is reported to the IRS - and is set off against Income if you are Pilipino living abroad - which when you make the next visit under new revenue laws - you are obligated to fill in a tax return form and declare all Income if you are still classed a Citizen of the Philippines - and they will have records of all revenue wired into the Philippines? if you use the Banks as a conduit for money transfers
