USMC-Retired 10,995 Posted October 1, 2013 Share Posted October 1, 2013 Yep think outside the box but really who wants to do that much thinking. Should they (banks) not what if the situation and ensure that customers have a enjoyable experience. However it is what it is and you must endure this and prepare yourself mentally. Link to post Share on other sites
streak03 3,540 Posted October 2, 2013 Share Posted October 2, 2013 (edited) Terrance, Yep, I send a bit more than that over on occasion. Its very easy to just give USAA a call, have them send it, and its in BDO in about 2-3 days. USAA is the bank I use in the US. Edited October 2, 2013 by streak03 1 Link to post Share on other sites
Flash8100 1 Posted November 3, 2013 Share Posted November 3, 2013 Xoom Exchange rate sucks 42.2350 PHP per $1 US today., Western Union is much better 42.9350 PHP per $1 US today 1 Link to post Share on other sites
johnormoc 533 Posted November 3, 2013 Share Posted November 3, 2013 My wife had a dollar account at China Bank. When we were building our house, I wanted to deposit some funds in it so she'd have the resources to cover the ongoing expenses for the house materials. I went to deposit a check for $2,500 and they wouldn't take it. They said it was too large of an amount and wanted me to write 5 separate checks of $500 each and deposit them on different days. Makes absolutely no sense. Like the OP said, I have no idea why anyone would want to do business here. You really have to leave your brain at immigration when you enter this country. Link to post Share on other sites
mpt1947 956 Posted November 3, 2013 Share Posted November 3, 2013 I use a service called Remithome. Currently their rate is 42.30 plus they charge me $10 up to $1000 per day. I have been using them for several years and they allow me to send more and they move the funds in about 24-36 hours. My bank back in the US is Affinity Plus FCU Link to post Share on other sites
throttleplate 1,898 Posted November 3, 2013 Share Posted November 3, 2013 I deposited $5000.00 check written to myself and was in my account in less than 2 weeks at BDO.Maybe because I sat down with the more older and wiser man that works there and treated him with courtesy and didn't stress out he did more for me than I would expect from a usa bank.Since then he has become a friend whom I will pop into the bank when walking by just to say hi. 1 Link to post Share on other sites
Triple Diamond Sponsor Monsoon 28,941 Posted November 4, 2013 Triple Diamond Sponsor Share Posted November 4, 2013 I deposited $5000.00 check written to myself and was in my account in less than 2 weeks at BDO.Maybe because I sat down with the more older and wiser man that works there and treated him with courtesy and didn't stress out he did more for me than I would expect from a usa bank.Since then he has become a friend whom I will pop into the bank when walking by just to say hi. While we are on the topic I am curious what was the bottom line cost? I thought BDO charges a fee for clearing US checks? Did they give you their published rate when it cleared? Sent from my GT-I9300 using Tapatalk Link to post Share on other sites
JSL-USMC 1,020 Posted November 4, 2013 Share Posted November 4, 2013 Why use USAA (whatever that is) for $35 when Xoom only charges $5 for transfers up to $2,999. Maybe you were transferring more? I think XOOM makes their profit on the exchange rate. Quite a hefty one at that. Half of a peso on $3000 is 1500 is $35. You ain't gonna beat em. Link to post Share on other sites
Majorsco 3,400 Posted November 4, 2013 Share Posted November 4, 2013 I think XOOM makes their profit on the exchange rate. Quite a hefty one at that. Half of a peso on $3000 is 1500 is $35. You ain't gonna beat em. Yes that's true. I get my transfer to a bank in less than 5 minutes. I use them every month to transfer my retirement. I wouldn't trust the banks here. Link to post Share on other sites
throttleplate 1,898 Posted November 4, 2013 Share Posted November 4, 2013 While we are on the topic I am curious what was the bottom line cost? I thought BDO charges a fee for clearing US checks? Did they give you their published rate when it cleared? Sent from my GT-I9300 using Tapatalk no fee,money from check deposited matched current rate at that time. Link to post Share on other sites
+RogerDuMond 13,820 Posted November 4, 2013 Share Posted November 4, 2013 Opened both peso and dollar accounts at HSBC before leaving the US with $10 each. 1 Link to post Share on other sites
Triple Diamond Sponsor Monsoon 28,941 Posted November 4, 2013 Triple Diamond Sponsor Share Posted November 4, 2013 I was just talking to BPI and apparently I can open a BPI account in the US. I haven't had a chance to discuss all the terms with them yet as I had to go to another appointment. They did say it would be a US based account number, SWIFT code, ABA# etc. So that could be interesting way to transfer from US to Philippines. Link to post Share on other sites
Triple Diamond Sponsor Monsoon 28,941 Posted November 4, 2013 Triple Diamond Sponsor Share Posted November 4, 2013 Opened both peso and dollar accounts at HSBC before leaving the US with $10 each. You won't do that today. Wondering when they will update their slogan to a more appropriate one: HSBC - the world's terrorism bank... Link to post Share on other sites
+RogerDuMond 13,820 Posted November 4, 2013 Share Posted November 4, 2013 You won't do that today. Maybe not as that was a little over 2 years ago. Link to post Share on other sites
MaKe 226 Posted November 4, 2013 Share Posted November 4, 2013 Why use USAA (whatever that is) for $35 when Xoom only charges $5 for transfers up to $2,999. Maybe you were transferring more? I transfer US $ to my HSBC dollar account here for free...why spend $5, when you don't have to? I keep only about $50 in that $ account and am a wondering why have US$ in an account here? Certainly, the bank isn't paying interest. Link to post Share on other sites
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