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SRRV continued

Discussion in 'Expat Section' started by Marmar, Sep 17, 2020.

  1. Marmar

    Marmar DI Junior Member

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    First I want to thank you all for your help.
    Working on it with a maker you recommend. Still waiting for my extension been about a month now. Hopefully it comes soon as I only have till the 26th this month. Every thing else is ready. Any suggestions on which bank I should use for the$10,000 deposit.
    Again very appreciate your help.
     
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  2. djfinn6230

    djfinn6230 DI Senior Member

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    We used BDO in Makati and they were very familiar with the process. Not sure if you are working out of PRA in Makati or Cebu. Your PRA consultant or maker should be able to recommend a good bank as well. Good luck.


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  3. Pompolino

    Pompolino DI Member Showcase Reviewer

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    Likewise I used BDO in Makati and they were excellent. It was a specific branch (near the offices of PRA) called Pacific Star and the staff knew exactly what was to happen and directed me accordingly. I am not from the US and didn't have another US$ account so needed to open a second bank account to receive the interest payments. When every 3 years it is time for renewal I simply top up the second account and then draw sufficient to meet the charges for that renewal charge.
     
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  4. djfinn6230

    djfinn6230 DI Senior Member

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    Exactly, that BDO is walking distance from the City Garden hotel where we stayed for the duration of obtaining SRRV. It was our first stop and we met our consultant there as we had 2 more places to visit that day for SRRV (lawyer to notarize SPA and NBI clearance by appointment) on the first day. There are 2 City Gardens, one 3 star and one 4 star. Both are excellent (we stayed at both, the 4 star when we came back to pick up the visa and it had a better restaurant). All are near the Trump Tower. We stayed there the whole week, not in any rush, seeing about 2 agencies per day (no more due to traffic); your consultant helps you get through the lines. We went out on the town at night. Grab is your friend! Actually we remember it as an enjoyable trip.


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  5. Rye83

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

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    If they will let you break it up into a few different banks I would go that route since the PDIC only covers P500k per account. You definitely can't put all your eggs into one basket in this country. You never know when a politician will get a wild hair up their @ss and decide a business should no longer be allowed to operate.
     
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