Banking Question

I opened a multi currency account with HSBC after Metrobank told me i did have to maintain a peso account for 6 months with at least 50 pesos (!).
So they (Metrobank) preferred a client with 50 pesos on a savings book over someone with a few thousand Euro's!

 

you have ACR-I then
lucky man

 

No, i never had an ACR, just 6 months a year on a Balikbayan visa.
This HSBC account (in Cebu) is more as an emergency, you never know when it may be needed.

 

I myself used to hate Xoom, and would tell customers to add an extra $20 if they insisted on using it, but when they added M. Lluillier to their list of pickup places it got much easier to use for me, and no problems since. Just my experience. But based on the number of complaints of them shutting down accounts over the last year I would not recommend counting on them in an emergency, doing so might just cost someone their life.

 

Xoom Doom http://www.dumagueteinfo.com/board/images/smilies/mad2.gif

Reading this got me to give Xoom a try. I've been making the Philippines a richer place for several decades. the last by depositing a check in the bank here every couple of months. I found an online coupon code good for a free transfer and it worked. Then I received an email stating:

To complete the referenced transaction we will require several documents be provided to us in order to verify the transaction details and your account.

Please provide all of the following so we may complete the verification process and your transaction as quickly as possible:

1. Current (not expired) government issued photo identification

2. Your most recent bank statement showing the address which is currently listed on this transaction.


So I emailed the requested documents and received:

Your transaction has been cancelled on accordance with Xoom's user agreement policy.

- We are unable to authenticate your Xoom profile, as well as the intent of your transaction.

We have also disabled your account and recommend using an alternate money transfer service.


Duh, so I deposited my check in the bank still wondering, What The F???

 

Welcome to Xoom, you got cancelled before you even started, you were chosen as a lucky one!



Larry

 

xoom issues

The first time I used Zoom was for a small amount lik $500 USD to see how it worked. It took two days and the Pawn Broker did not have dollars and did not know when he would get them, but had pesos at a discounted rate. After chasing around town I got my money at BDO with little to no issues

The second time I sent a little larger amount. Then the problems arose, like the multiple requests including my bank statements etc. I told the fellow on the Phone that I would block out the amounts in the accounts....he said that was not acceptable...so I told him I wanted to talk to his supervisor and starting talking about US regulations while I was waiting...his supervisor got back to him, without getting on the phone and told him it was OK. You have to remember they are phone jockys and do not know what they are really doing. I always ask for their name, their supervisors names etc. and that usually get their attention as well as noting any governing agencies that have an influence over them... it usually works.

I use it for short amounts.