Us Bank Recommendation

Rye83 · Sep 2, 2015

Pigbelk007 said: ↑

Hello Jack , Could you advise me on how to go about a few things regarding banking? I get direct deposit here in the States and was wondering how easy is it to transfer that money or a portion I choose each month to a bank in the Philippines? Or is it easier to either Xoom or Western Union it electronically to myself when I need to? What bank is best to use to open both a peso and dollar account in the Philippines. Are safety deposit boxes used in the Philippines and are they safe and insured and if so for how much? Lots of questions I need answered and if yourself or any other fine member here can assist and advise me it would be greatly appreciated. Open a Philippine account on line here in the states beforehand or wait till feet are on the ground there? Debit card and or credit cards attached to Banks there recommended and which again are best. Sorry for all the questions but it is very stressful getting ready to pack up and make the permanent move back to the Philippines and not knowing as much as I thought I did.
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You could also open a US and Philippine PayPal account and transfer money that way. (Link us bank to US PayPal and Philippine bank to Philippine PayPal.)

Not sure what the fees are but I'm pretty sure it is cheap.

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PatO · Sep 2, 2015

I have my monthly U.S. Social Security sent to the BDO bank at Robinson's mall branch here. No problem but one issue is that, given it is a foreign bank, the SSA requires the local account to be a secure direct deposit dollar account meaning no ATM or checking and my wife cannot access that account. So monthly I transfer the funds to a regular dollar or peso account there.

Rye83 · Sep 2, 2015

PatO said: ↑

I have my monthly U.S. Social Security sent to the BDO bank at Robinson's mall branch here. No problem but one issue is that, given it is a foreign bank, the SSA requires the local account to be a secure direct deposit dollar account meaning no ATM or checking and my wife cannot access that account. So monthly I transfer the funds to a regular dollar or peso account there.
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Sounds like a hassle.

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