depending on the Hotel... pensionhouses don't have a safe, but most offer you a safe at the frontdesk, what is safer than those toys in the rooms of most hotels worldwide. I try to find out something with the banks. But I guess if you talk to the right persons in a bank it is just a question of payment for it. If its aout storing cash, It is actually quite easy to open a peso account, than your money is really safe, and you can have access to it allover the philippines with your ATM card.

cheers

Rhoody