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tokyoman

Do NOT bring more than 10,000 pesos into the country!

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SkyMan

And what is you arrive at a place with ATM's or banks there are out of service...or worse still none at all?.How are we supposed to get Pesos? Beg?

I was at SM bicutan mall yesterday in Manila and there was not one BPI atm machine

I think p10K can hold you over a weekend until the banks open.  Also, you can bring $10K so you can get to an exchange.

 

 

The only thing the security at Manila got out of me was a box of chocolates.

Cavity search, huh?
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Britishandproud
The only thing the security at Manila got out of me was a box of chocolates.
Cavity search, huh?

As much as you want to be right I'm sorry to say you are wrong sir!

 

The security searched my suitcase and when the woman saw I had some chocolates for my ex gf an her family, She would nor let me go an kept saying she likes chocolate and I have a lot etc. Basically hinting to me I better give a box to let me go!

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smokey

And what is you arrive at a place with ATM's or banks there are out of service...or worse still none at all?.How are we supposed to get Pesos? Beg?

I was at SM bicutan mall yesterday in Manila and there was not one BPI atm machine

just carry all your spare change in here no one will mess with you

post-35-0-98261100-1375152915_thumb.jpg

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Monsoon

I always take out some cash so I have pesos upon arrival for whatever. But anytime I may have left with more than 10k it would be by accident. I cant think of a good reason why anyone would want to take a lot of peso out of the country. Have you ever seen the exchange rates for peso outside the Philippines?? 

 

By the way they are looking or this at security. My wife left with a bunch of $ once in her purse and they pulled her bag and went directly to the envelope asking her whats that? And they said, "Oh its dollar... OK." I can assure you they knew it was currency and were checking it. THey didn't mistake an envelope for some other contraband. 

Edited by Monsoon

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A_Simple_Man

Ahhh that's why they have the 1000 peso massage and the 200 peso coffee in the secure area of the Mactan airport.  So travelers can get rid of their extra cash that they cannot leave the country with.   :bashtroll:

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Lee

Speaking of taking over p10,000 out of the country or for that matter any amount out of the country, I hope you all are aware that the old money is supposed to expire around the beginning of next year, so you might not wish to take any old money out of the Philippines if you do not plan on being back before the end of the year or it will/may be worthless if you come back in 2014. 

 

New Design/BSP Banknote series

The "New Design Series" was the name used to refer to Philippine banknotes issued from 1985 to 1993; it was then renamed into the "BSP series" due to the re-establishment of Bangko Sentral ng Pilipinas from 1993 to 2010. It was succeeded by the "New Generation banknotes" issued on December 16, 2010. Until 2012 the existing banknotes are still in print. Existing banknotes will remain legal until 2014. Wikipedia
 

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Open_Ended

This is an easy one to follow ....

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Jim in Cebu

Although US Customs prominently post signs in US airports warning people that *individuals* cannot take more than US$10,000 out of the country without reporting it, the actual Customs rules say that the $10,000 limit applies to the sum total amount being carried by *all members* of the family or "travel group".  

 

Travelers flying out of Seattle are frequently pulled out of the jetway while boarding and questioned regarding this by US Customs officials.

 

Families in violation of the currency limit are usually warned/scolded for not having filled out the required form and are required to fill out the from on the jetway.  What makes this situation even more "interesting" is that Customs form that they fill out states that the $10,000 limit applies to "individuals" (with no mention of families or travel groups)!

 

It's disappointing that the Customs Service signs and forms are inconsistent with Custom rules and what is actually being enforced:  It's bad for families and travel groups that consciously follow the information in the Customs Service' signs -- and it creates public ill-will for the Customs Service itself. 

 

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Monsoon

Although US Customs prominently post signs in US airports warning people that *individuals* cannot take more than US$10,000 out of the country without reporting it, the actual Customs rules say that the $10,000 limit applies to the sum total amount being carried by *all members* of the family or "travel group".

 

Travelers flying out of Seattle are frequently pulled out of the jetway while boarding and questioned regarding this by US Customs officials.

 

Families in violation of the currency limit are usually warned/scolded for not having filled out the required form and are required to fill out the from on the jetway. What makes this situation even more "interesting" is that Customs form that they fill out states that the $10,000 limit applies to "individuals" (with no mention of families or travel groups)!

 

It's disappointing that the Customs Service signs and forms are inconsistent with Custom rules and what is actually being enforced: It's bad for families and travel groups that consciously follow the information in the Customs Service' signs -- and it creates public ill-will for the Customs Service itself.

This is true. And I have been inadvertently in that situation once. I am reclined and about to get absorbed into a movie enroute to the US and it dawns on me so I lean over and ask my wife how much money she has on her... ooops.

 

There was a case a few years back of a guy and his buddy coming back from Windsor Canada. One of them won a nice jackpot at the casino.They decided to split the money for purposes of bringing it back under the threshold. As a result of the CBP interview all the money was seized and he lost on appeal.

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Lauie

And what is you arrive at a place with ATM's or banks there are out of service...or worse still none at all?.How are we supposed to get Pesos? Beg?

I was at SM bicutan mall yesterday in Manila and there was not one BPI atm machine

 

Bring both Php 10,000 and some USDs so that you'll have pesos to spend while looking for an open ATM. Your 10K pesos should last you at least a day.

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Davaoeno

This is true. And I have been inadvertently in that situation once. I am reclined and about to get absorbed into a movie enroute to the US and it dawns on me so I lean over and ask my wife how much money she has on her... ooops.

 

There was a case a few years back of a guy and his buddy coming back from Windsor Canada. One of them won a nice jackpot at the casino.They decided to split the money for purposes of bringing it back under the threshold. As a result of the CBP interview all the money was seized and he lost on appeal.

 

 

why didnt he just declare it ? I assume for tax reasons ??  [ in Canada there is no tax on casino/lottery winnings, but in the US I think it is almost 50% ? ]

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miles-high

 

why didnt he just declare it ? I assume for tax reasons ?? [ in Canada there is no tax on casino/lottery winnings, but in the US I think it is almost 50% ? ]

 

I have done this several times... just declare it and they would only ask the "intended use" (e.g., buying a car, airplane, boat) of the money (or any negotiable instrument) but not its source... the declaration of income (if in fact it's "income") is to be made on your tax return... easier and safer to "wire-transfer" the money for your "Living Expenses" (not to live in North Korea or Iran though  ;))...

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Davaoeno

I have done this several times... just declare it and they would only ask the "intended use" (e.g., buying a car, airplane, boat) of the money (or any negotiable instrument) but not its source... the declaration of income (if in fact it's "income") is to be made on your tax return... easier and safer to "wire-transfer" the money for your "Living Expenses" (not to live in North Korea or Iran though  ;))...

 

Yes  but in this case it was casino winnings, so i wonder whether if he did declare it the US would try to tax it ??  [ foreign earnings/winnings by a US citizen anywhere in the world ]

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miles-high

 

i wonder whether if he did declare it the US would try to tax it

 

I don't know but my income outside the US is declared on my tax return... I don't know if the gambling income is taxable at the boarder... I seldom gamble and won only $325 in Quarters... once... :D

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Davaoeno

I don't know but my income outside the US is declared on my tax return... I don't know if the gambling income is taxable at the boarder... I seldom gamble and won only $325 in Quarters... once... :D

 

and I am sure that you declared every single quarter !!  :ROFLMAO:

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