Halu, have a nice day to everyone..very sunny today am almost melting joke!
Ummmm, we are going to Philippines next monday..
What is the best thing to do so that we can save a money?
Get php money here or bring english £ money to Philippines?
Suggestion please..tnx!
Don't go!What is the best thing to do so that we can save a money?
Keith - Administrator
As long as you are going somewhere that you can get English money changed you will be ok but the best way is to bring a visa debit card over and use it if you have one..
The last time i tried to get pesos in the UK the exchange rate i was offered was not good.
Better if you have a debit or credit atm card ...some banks dont accept travellers check anymore and cash is also good but be wary in carrying so many.
You could get PHP here but only enough to get you from the airport to where ever you are staying.Originally Posted by aug06_2006
Take GBP with you if you feel comfortable carrying large amounts of cash and can find somewhere safe to keep them on your arrival. The money changers give excellent rates with little if any commission.
If you are going to use ATM's when there be aware that maximum withdrawal in many is only 4000 PHP. You can use the machines at the banks in the financial district of Makati where you can withdraw up to your daily limit.
Most banks will charge £2-£3 for each withdrawal so if you are staying in Manila a trip to Makati is worthwhile.
The Nationwide is the only bank, to my knowledge, that does not charge for withdrawals when abroad but if you do not bank with them then I do not think you have time to open an account before you depart.
In Davao, BNP atm machine allowed me to withdraw up to my daily limit. no problems in QC either.
http://www.philippine-embassy.org.sg/index.cfm?GPID=100
Currency Regulations
It is illegal for any incoming or outgoing passenger to bring in or out Philippine Pesos in excess of P10,000.00 without prior authoirty from the Bangko Sentral ng Pilipinas. Any violation of this rule may lead to its seizure and civil penalties and / or criminal prosecution. (BSP Circular 98-1995)
The transportation of foreign currency or monetary instruments is legal. However, the carrying of foreign currency in excess of US$10,000.00 or its equivalent in other foreign currencies must be declared to a Customs Officer or the Bangko Sentral ng Pilipinas. VIolation of this rule may lead to seizure and sanctions, fines and / or penalties.
well i wouldn't carry £5k in cash
What's that...?????well i wouldn't carry £5k in cash
hi lisa if you have a bank account in the philippines send your spending money on there before you go and get some php money here for the taxi when you arrive in manila ,as far as i know you allow to bring a sterling money not more than £100
i'm not sure that is true, i've always gone with at least £1,000 cash, never been stopped or asked, and i've never read anything that suggests that, i think there is a limit on goods you can bring in, but if its your own personal use, i dont think that applies
wn i went back to the phil. i brought £1,000 too w/o probs..and wn in phil. we just w draw using debit card to any atm machine that gives maximum 10,ooo pesos each wdrawal to save charges coz its only £1.50 per w drawal wn it charges. the dsadvantage is that wn u need more than 30,000pesos in a day u cant get it coz theres a limit to the withdrawable amount for the day..so hv to wait for another day to withdraw again..
Whats the wording on the form all non phill nationals need to fill in?
Iam sure it states you cant take in or out more than 10,000 pesos. Im sure also it mentions foreign currency and informing certain departments of the goverment.
That or use a phill account fo your own or one of your family then at least you know the exchange rate it was remitted at and the fees already.
I always take in excess of £1,000 cash. My understanding was the max is $10,000. I can usually withdraw up to 16,000 PHP a day while there. Has to be done in 4,000 PHP amounts with a withdrawal charge approaching £1.20 a time.
Be responsible with little so that you can be trusted with much!!
_____________________
in PNB if your account there is PRIORITY ACCOUNT theres no limit to withdraw in a day in ATM or over the counter as long as you got enough money on it
Hi, thanks a lots to all of u who are replying and sharing your different experienced .
Hello vbkelly, how r u and how was ur vacation in Phils.?
Btw, yes I had account in Metro Bank there in Consolacion Cebu.
we order php money there in post office yesterday..then will bring £ to the Phils.
hi ya we're fine thankyou for asking my vacation was brilliant 3weeks in davao and 4weeks in bohol will its hard to leave in our place bcoz the wheather there is very nice and the beaches
yes, i agree with u we have a nice weather and etc.
HAVE A SAFE JOURNEY TO YOUR FAMILY LISA wow ilang tulog nalang pinas na
tnx! vbkelly...yep, we really excited na.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
