Did you know that you can now have most US Government payments (Social Security, Military Retirements, etc) deposited directly into your Philippines US Dollar Bank account? That’s right! BPI (Bank of the Philippine Islands) now offers direct deposit of US Government payments. Payments are made through ACH (Automated Clearing House) payment, which generally means that you should get your money in just a day or two. BPI is advertising that the money will be in you Philippine account within 24 hours after funds are received from the US Government.
It is my understanding that BPI is working in conjunction with Chase Manhattan Bank to offer this service for those who live in the Philippines.
You can get more information here.
What a great thing for Americans living in the Philippines and receiving payments from the US Government!