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How much cash can one bring to Philippines without declaring?

Discussion in 'Expat Section' started by ampalaya, Nov 13, 2017.

  1. ampalaya

    ampalaya DI New Member

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    Philippines customs form says no need to declare anything if bringing upto $10k in foreign currency. Customs form says that only one form needed per family.
    If husband and wife are travelling together to Phils, can they bring $10k each, i.e. total of $20k?
     
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  2. cabb

    cabb DI Forum Patron Highly Rated Poster ✤Forum Sponsor✤

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  3. OP
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    ampalaya

    ampalaya DI New Member

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  4. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I believe it is meant to be per person but traveling to such a corrupt and lawless country as the Philippines with that kind of cash on hand seems downright irresponsible. Also remember that interpretation of the law is up to the government employee you are currently talking to. Once you are detained the chances of you walking away with that cash is pretty small.

    It says one card per family is "sufficient".....not required. In the section about currency it says "any person" carrying more than $10k (not persons, group or family). The form lists several laws as sources for more information. Probably best to read those laws than take a guess if you are going to travel with anything close to that amount of money. Also note that it is not only cash that counts towards that $10k. Best be d*mn sure you don't have any loose change or those other forms of currency in your bags.

    There are much safer ways to get cash into the Philippines than to carry it on your person. Just don't do it. I never carry more cash than I am comfortable losing in 3rd world countries.
     
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    Last edited: Nov 13, 2017
  5. OP
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    ampalaya

    ampalaya DI New Member

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    I agree with you, I will not bring cash at all. I will bring travellers cheques, much safer
     
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  6. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Those are still a thing? Do Philippine banks honor them without any grief?
     
  7. RPlongtymer

    RPlongtymer DI Junior Member Restricted Account Infamous

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    Do NOT buy or bring travellers checks. you will find them nearly impossible to cash and if they do cash them they will charge you a hefty fee for doing it.
     
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  8. hawk263

    hawk263 DI Forum Adept Blood Donor Veteran Army

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    I think travellers cheques would severely limit your options when changing to local currency.
     
  9. cabb

    cabb DI Forum Patron Highly Rated Poster ✤Forum Sponsor✤

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    Bring a family of 5 and bring $50k, that's some vacation. :thumbsup:
     
  10. Dave_Hounddriver

    Dave_Hounddriver DI Forum Patron Highly Rated Poster

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    Yes, and quite legal under the BSP rules that changed last year. Here is a quote from them and the source link:
    http://www.bsp.gov.ph/downloads/Publications/FAQs/faqfxreg.pdf
     
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