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for Australian Pensioners how do you get pensions in The Philippines?

Discussion in 'Expat Section' started by Brian_Goddard, Jan 22, 2019.

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  1. Brian_Goddard

    Brian_Goddard DI Member

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    Hi I am an Australian Pensioner
    Looking for Info from Australian expats on the best way to get your Pension sent and received in the Pension Do I need to have a local Bank account and if so how do i get one what documentation is required best friendly bank
     
    Brian_Goddard, Jan 22, 2019
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  2. Philpots

    Philpots DI Senior Member Restricted Account

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    There is some stuff on here about this but as far as I know , the Philippines is not listed as a country that Centrelink will pay a pension into directly. It can be paid into an australian bank and you can do a transfer to a Philippine account but opening an account here has its problems. Lots of paper work usually but BPI is a good bank to start with. Also the bank to bank exchange rate and transfer fees can be expensive. Are you in Dumaguete now? if so, call into YNOT and talk to the Aussies there.
     
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    Philpots, Jan 23, 2019
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    Brian_Goddard

    Brian_Goddard DI Member

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    Hi still in Thailand till next week Then heading for Melbourne, after that in the lap of the various unseen gods. It seems that I will need a Local bank account, i checked with Transferwise and with them that is my only option, I hope to do a recce soon and ask the Questions IE Boots on the Ground is the best source of Intell Thank you for your response
     
    Brian_Goddard, Jan 23, 2019
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  4. Pompolino

    Pompolino DI Member Showcase Reviewer

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    Brian take a look at Jalandoni & Company http://jalandoniandcompany.com/#dialog1 have been using them for over 10 years from Oz was put onto them by a Filipina there and the service has been great. I EFT to their bank account and the next day they either deposit into my account here in Dumaguete or can be picked up at either one of the 2 largest remittance shops. The exchange rate is far better than being offered by banks and better than Transferwise with the advantage that the funds are available the next day. Cost is AUD 9. I usually accumulate and bring across AUD 9,000 to keep the admin and costs down. Now I live in Dumaguete all my communication is by email but they have offices in Manila and Laguna if I need to talk to them.

    Hope that helps.

    P.
     
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    Pompolino, Jan 23, 2019
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  5. greko

    greko DI Junior Member

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    Use TransferWise to exchange money with the google exchange rate and low fee. It is a respected safe service.
     
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    greko, Feb 8, 2019
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  6. AlwaysRt

    AlwaysRt DI Forum Patron Highly Rated Poster Blood Donor Veteran Air Force Marines

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    I don't know much about the system in Oz but I do have several Ozzie friends. I suggest you research very carefully the specific version of Pension you have as it makes a HUGE difference. Ozzies I know recieve their pension no problem, another had his cut by 30%, and another lost his all together.
     
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    AlwaysRt, Feb 18, 2019
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