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Dafey

Pesos account VS. Dollar account

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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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