bring or leave fancy new $100 bills?

[veenjac 51]

be in Cebu Monday...still time to get to chase bank Saturday to pick up two grand. should I bring nice old bills or the fancy new $100 bills. don't want to confuse anybody or get turned down when I exchange for pesos. comments please....thanks jim.

[roaddog 219]

I just arrived a week ago.  I had both bills. There are a few places still not accepting the new bills. I just went next door and no problems. If you are going to be out in the province I think you should have the old bills for a while yet.

[Paul 55,112]

I would carry whatever you get from the bank, honestly. If you get the older bills, take 'em. If you get the newer bills, take 'em. Don't go out of your way to get any specific bills, man. 

Edited November 1, 2013 by Paul

[Paul 55,112]

I just arrived a week ago.  I had both bills. There are a few places still not accepting the new bills. I just went next door and no problems. If you are going to be out in the province I think you should have the old bills for a while yet.

 

If you arrive in the Philippines with old and new bills, just start spending the new ones first. That way, if you happen to end up at a place where they do not want to take the new bills, you still have the old ones in hand.

[broden 57,113]

just try and make sure the bills are nice, no tears

[Hy H 1,987]

100 bucks is hundred bucks, whether their old, new or individually wrapped.

[+RogerDuMond 13,140]

100 bucks is hundred bucks, whether their old, new or individually wrapped.

 

Not really. Some places will refuse to take the new design. Since you are going to be at the bank why take the chance with the new design.

Edited November 2, 2013 by RogerDuMond

[Hy H 1,987]

 

 

Not really. Some places will refuse to take the new design.

 

Well...it`s not going to change any of its value, just go to next money changer.  Was more referring to getting better change rate as some think they will.   There was one time a rumour going around in AC if you have some crispy new $100 bills you get better rate for them. 

[udonthani 2,027]

you don't get a better rate for new bills but they can definitely refuse old ones, especially if damaged in some way as in ripped or torn, or with writing on them. $100s can get a better rate than other bills, especially the low ones in some countries like Thailand and Cambodia, though I have not noticed that in the Philippines so much.

[miles-high 3,917]

100 bucks is hundred bucks, whether their old, new or individually wrapped.

 

As long as the scanners or the ink or whatever they use to verify are uptodate in the area you intend to use, no problem... Otherwise, bring the old notes...

 

* Foreign banks have no legal obligation to accept your "legal" tender, unless they are located in your country...

Edited November 2, 2013 by miles-high

[veenjac 51]

went to chase bank...it was Saturday morning in eagle point Oregon. the teller just let me look through about 2500 dollars and I picked the really crisp like new old style 100's.

she never took her eyes off me or the money...haha. so am good to go.

thanks for the heads up.

[Enuff 29,735]

be in Cebu Monday...still time to get to chase bank Saturday to pick up two grand. should I bring nice old bills or the fancy new $100 bills. don't want to confuse anybody or get turned down when I exchange for pesos. comments please....thanks jim.

 

how did it go? did you bring the new colorful ones or the older?

[Scottiev 2,143]

No problems with the new bills at Park mall exchanger.. the only place i had troubles was Hong Kong..go figure lol

[Enuff 29,735]

Thank you

 

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[Monsoon 28,935]

Bring em. I got a bunch from the money changer already yesterday. That is metro MnL but i imagine the changer at rain tree is probably on a similar page.

 

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[veenjac 51]

I had no problem getting rid of the old 100's....I just gave them to my girlfriend.

[T.S. 781]

you don't get a better rate for new bills but they can definitely refuse old ones, especially if damaged in some way as in ripped or torn, or with writing on them. $100s can get a better rate than other bills, especially the low ones in some countries like Thailand and Cambodia, though I have not noticed that in the Philippines so much.

I think he was just worried about changers not recognizing the newest US $100 bill design yet vs the previous design used from 1996 until last month... not bills that are actually old and worn.

[Josh 3]

Had a few of them and no problem with exchange at the two places i went here in Cebu.  In Thailand they use a machine to run the bills through so do not know IF the machines are set for the new ones however

[tomaw 1,341]

Do you get a better rate when you exchange the Philippines? Otherwise why not just do it at the bank or at the airport before you leave the US?

[Woolf 8,548]

Do you get a better rate when you exchange the Philippines? Otherwise why not just do it at the bank or at the airport before you leave the US?

Well that could be a bad idea, you are allowed to bring only 10,000 PHP into the philippines

you are allowed to bring in 10,000 USD

[Scottiev 2,143]

Do you get a better rate when you exchange the Philippines? Otherwise why not just do it at the bank or at the airport before you leave the US?

 The online rate yesterday was floating around 43.71p/$ +/-   ..i got 43.69p/$ at the money exchanger , no fees , no bank rate of exchange ( my bank was barely above 42p/$ , add on the atm fee of 200p).. Airport exchangers are the WORST rates ever , surprised anyone uses them for more than taxi money exchange

[tomaw 1,341]

Thanks for that information. What about just leaving your money in your US bank and just use plastic (debit/atm)?

[Scottiev 2,143]

Thanks for that information. What about just leaving your money in your US bank and just use plastic (debit/am)?

I did that the first year , then calculated how much it cost me in ATM fee's , bank exchange rates ( always was about %1.5-%2).. remit was only slightly better.. and it works better for me to bring cash as i am only here a few months a year , still have to work in the summers.... i did put a small, hidden ,fireproof safe in my GF's floor when we remodeled it so I have a safe place to keep the cash, only she and I know the combos and where its at .. i save enough on fees and such to pay for a nice weekend at a beach resort..altho if you can keep a large sum in the US bank lots of those fee's will be waived...the best way i have heard and what i will use once i live here full time is having a US$ account and a Piso account then writing a check from your US bank to be deposited in your $ account here( theres a waiting period as i understand before the funds are available) then transferring to your piso account when the exchange rates are favorable. Lots of posts about how to do it here on the forums

[Enuff 29,735]

The online rate yesterday was floating around 43.71p/$ +/- ..i got 43.69p/$ at the money exchanger , no fees , no bank rate of exchange ( my bank was barely above 42p/$ , add on the atm fee of 200p).. Airport exchangers are the WORST rates ever , surprised anyone uses them for more than taxi money exchange

Where is that money changer?

 

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[tomaw 1,341]

I did that the first year , then calculated how much it cost me in ATM fee's , bank exchange rates ( always was about %1.5-%2).. remit was only slightly better.. and it works better for me to bring cash as i am only here a few months a year , still have to work in the summers.... i did put a small, hidden ,fireproof safe in my GF's floor when we remodeled it so I have a safe place to keep the cash, only she and I know the combos and where its at .. i save enough on fees and such to pay for a nice weekend at a beach resort..altho if you can keep a large sum in the US bank lots of those fee's will be waived...the best way i have heard and what i will use once i live here full time is having a US$ account and a Piso account then writing a check from your US bank to be deposited in your $ account here( theres a waiting period as i understand before the funds are available) then transferring to your piso account when the exchange rates are favorable. Lots of posts about how to do it here on the forums

...... Thanks for that infomation. Im thinking along those same lines for semi-retirement.