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Dafey

Pesos account VS. Dollar account

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AB2000

I have a question (and sorry if I missed it earlier in this thread). My wife has a dollar account at BPI. How should we send personal checks and get them deposited from the US?

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Derick

Do keep in mind, they are going to send you a TON of mail to whichever address you put on your account. I could build a bon fire with all the stuff they mailed to my brother. 

Paul does one need to be a US citizen to open a Schwab account.

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TheWhiteKnight

Paul does one need to be a US citizen to open a Schwab account.

Yes, and they need to think you are residing in the US.

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Paul

Paul does one need to be a US citizen to open a Schwab account.

 

Yes, and they need to think you are residing in the US.

 

Not sure. If I had a US Driver's Licence, at the time I applied, I could have done so online. Due to not having a licensed, caused me to go the "mail in" route, where my passport was required. Have a US license and address? Give it a try. 

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Lee

I have a question (and sorry if I missed it earlier in this thread). My wife has a dollar account at BPI. How should we send personal checks and get them deposited from the US?

Write a US dollar check to the person whose name is on the account, then put on the back

"for deposit only"

then the account number it is to be deposited into,

then account holders signature,

then send it to a trusted friend or family member to have them deposit it into your account, or make arrangements with one of the managers or assistant managers of the bank and send it directly to them to deposit for you into your dollar account.

Edited by Lee
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Monsoon
Paul does one need to be a US citizen to open a Schwab account.

 

You might be better off asking Schwab themselves. 

 

My non-US citizen spouse has several bank accounts in the US. 

Edited by Monsoon

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ckfm

Paul does one need to be a US citizen to open a Schwab account.

 

US residents only for Schwab US accounts.

 

http://www.schwab.co.uk/public/schwab-uk-en/nn/open-an-account/open-an-account.html

 

 

For UK residents.

You might be better off asking Schwab themselves. 

 

My non-US citizen spouse has several bank accounts in the US. 

 

 

She is probably a US resident with US tax number.

Edited by ckfm

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Monsoon

 

 

She is probably a US resident with US tax number.

 

All done while neither was the case. 

 

Two forms of identification (one being a passport) is all that is required at the US financial institutions that I use. 

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AlwaysRt

For Schwab the "catch" is you open a brokerage account to open a checking account. Requirements to open a US brokerage account are a bit more strict than basic bank accounts.

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Derick

YA Catch 22. My first problem will be opening account when i get there to transfer funds for first deposit on Condo then later funds as required for full payment. From what i have read BPI seems to be the easiest.

 

QUOTE

For Schwab the "catch" is you open a brokerage account to open a checking account. Requirements to open a US brokerage account are a bit more strict than basic bank accounts.

 

 

Both accounts are linked like it or not

Edited by Derick

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Monsoon

 

 

YA Catch 22. My first problem will be opening account when i get there to transfer funds for first deposit on Condo then later funds as required for full payment. From what i have read BPI seems to be the easiest.

 

I bet your developer will be able to assist you there.

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TheWhiteKnight

Land Bank, still til this day, is the cheapest bank I know of, to open a USD Savings Account at. The requirement is $100 USD. Their minimum to open a Piso ATM account is Php 500.

 

True it's a low minimum to open but still $500 average daily balance to avoid fees (and earn interest).

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rep1

it's only $100 in CTBC.

 

but the dollar account is passbook only.

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TheWhiteKnight

it's only $100 in CTBC.

 

but the dollar account is passbook only.

Wow never heard of this bank, but they do have an Angeles branch.

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rep1

Wow never heard of this bank, but they do have an Angeles branch.

Yes. See http://www.ctbcbank.com.ph/Locations/En_Branches.html[PROVINCIAL BRANCH]

 

 

but they really give only passbook for dollar account; ATM card and transaction history emails are for peso account only

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TheWhiteKnight

Yes. See http://www.ctbcbank.com.ph/Locations/En_Branches.html[PROVINCIAL BRANCH]

 

 

but they really give only passbook for dollar account; ATM card and transaction history emails are for peso account only

 

Yeah, I think I just need to open it up at my favorite BPI and leave $500 in there.

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