Philippines Banks

[stevewool]

there is a max you can put into a account in the phils that is safe , but what is it,

[Terpe]

there is a max you can put into a account in the phils that is safe , but what is it,

Well that is only for insurance purposes. Mind you I wouldn't advise going over. It's often a rocky road to secure an insured payout.

The number Steve is P500k per account.

If the bank goes belly-up then you've a reasonable chance to get that back. No more though.

I've been through that experience and it took me 2 years and plenty of visits to the Philippine Embassy for all sorts of 'red ribbon' documents.
Don't know if I was being delayed...but anyway got the money back.