Dumaguete Info Search


Banking

Discussion in 'Expat Section' started by Jackbean, Jul 7, 2020.

  1. Jackbean

    Jackbean DI New Member

    Messages:
    5
    Trophy Points:
    16
    Ratings:
    +0 / -0
    Is anyone had a problem paying money to a overseas company using a Philippines bank visa debit card , keep getting message " payment declined insufficient funds"
    Ample funds in account.
    My bank tells me that there is a glitch in the system,
     
  2. Show Pony

    Show Pony DI Forum Patron Highly Rated Poster Showcase Reviewer

    Messages:
    1,110
    Trophy Points:
    356
    Ratings:
    +1,682 / -1
    You might want to call the credit card company directly. At the bank they will give you whatever excuse that will make you go away.
     
    • Agree Agree x 2
  3. you_have_been_removed

    you_have_been_removed DI Member Restricted Account

    Messages:
    178
    Trophy Points:
    29
    Ratings:
    +171 / -4
    As a big nose you will still have a limit on how much you can purchase at any one time irrespective of all the clearances the bank SAY you have
     
  4. camote

    camote DI Junior Member

    Messages:
    31
    Trophy Points:
    128
    Location:
    Maluay , Zamboanguita , Negros Oriental
    Ratings:
    +5 / -0
    Had the same problem with BDO, you can go to your online banking and change the limit for foreign payment. Depends on your bank too.
     
    • Informative Informative x 1
  5. djfinn6230

    djfinn6230 DI Senior Member

    Messages:
    674
    Trophy Points:
    136
    Ratings:
    +610 / -2
    Blood Type:
    B+
    Best to use USA credit cards for USA billing accounts. You need a USA address for that. Use your kid’s address, other relative or friend. No problem, pay online, no currency conversion etc..


    Sent from my iPhone using Tapatalk
     
  6. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

    Messages:
    2,631
    Trophy Points:
    286
    Ratings:
    +2,956 / -1
    Does anyone do that in the UK? I thought UK banks/credit card companies ask for proof of new address using utility bills - on which your name will not appear if you don't live there.
     
  7. djfinn6230

    djfinn6230 DI Senior Member

    Messages:
    674
    Trophy Points:
    136
    Ratings:
    +610 / -2
    Blood Type:
    B+
    Crazy, wonder why they would want to do that? Suppose you move to PI while already having an established credit card account from previous years? Are people on the honor system to inform CC card company, then payoff their full balance and close one’s line of credit? Makes no sense for such as business-friendly country.


    Sent from my iPhone using Tapatalk
     
  8. hansie

    hansie DI Junior Member

    Messages:
    37
    Trophy Points:
    28
    Ratings:
    +47 / -0
    I have a Dutch bankaccount with my address in the Phils. and a credit card (Mastercard) from that bank with the same Phil address. No problem whatsoever. All my pension payments come in on that bankaccount and every now and then I transfer via internet a lumpsum to my wife's BPI account here. Some banks are more internationally-minded than others it seems....
     
  9. Always a Poppy

    Always a Poppy DI Forum Adept

    Messages:
    352
    Trophy Points:
    115
    Location:
    Philippines
    Ratings:
    +385 / -0

    I do more or less the same with my UK bank account (Halifax). They don't allow new customers living overseas (naturally), but also don't allow any changes to accounts while living overseas (unless they want to add some restrictions to my account, of course). They have also written to me to say they won't be sending me a new c/card when one of the two I have expires next year, but would reissue one to me whilst visiting UK. Fortunately I renewed my other one and debit card before moving out as I could see potential problems, so still have a few years to run on those.

    Only ever use the UK cards for purchases outside Philippines, the wife's BDO account being the day-to-day use one and topped up with transfers from UK account via TransferWise.

    So, we seem all set for a few years, but come the day, may need to think about an international account (quite big balances required in those, I believe though).
     
    • Like Like x 1
  10. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

    Messages:
    2,631
    Trophy Points:
    286
    Ratings:
    +2,956 / -1
    Seems what I thought.

    I took measures not to depend on my home country for almost anything as I guessed in advance they make life difficult if a person is abroad.
     
Loading...