Banking in the Philippines

What is a 13A Visa

OK, I have set up a new home for Podcasts on the site, and all future Live in the Philippines podcasts will be found here in this area of the site! Since I published my first podcast in my regular column, I will leave it there, but will also add a duplicate copy here, so that for future reference, all podcasts can be found here.

Remember, this is just my first attempt at Podcasting, so it is not perfect by any means. But, it is not too bad, and future Podcasts will improve!

For today, our topic on the Podcast is banking in the Philippines, and I am joined in the discussion by my friend, Dave Starr.

To listen, just click on the gray button below.

Do You Have a Question?

If you want to send a question for inclusion in a future Podcast, just use the app below, click on the button below, where it says “Start Recording”.

Questions submitted by eMail will no longer be answered, you must submit through the voice message above.

Thanks again for listening, everybody!

Bob Martin

Bob Martin is the Publisher & Editor in Chief of the Live in the Philippines Web Magazine. Bob is an Internet Entrepreneur who is based in Davao. Bob is an American who has lived permanently in Mindanao since May 2000. Here in Mindanao, Bob has resided in General Santos City, and now in Davao City. Bob is the owner of this website and many others.

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jonnijon
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jonnijon

Hi Bob, H.S.B.C bank for me, very good branch in Davao. Online banking and transfer funds from abroad. If you want to transfer money from abroad you just send them a secure message through their website and a few hours later its there.

John. J.

sugar
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sugar

Hey Bob, i listened to the podcast. Well, BPI owned by Ayala, BDO by Sy… and Dave is probably right BDO will probably become the largest bank just like SMDC taking over Metro Manila. I prefer BPI though. Here’s a question, what’s a better bank for Credit Card? and why?

MindanaoBob
Guest

I hear good things about BDO for credit cards, Sugar, but I am sure they all have their pluses and minuses.

sugar
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sugar

Thanks, Bob. I actually don’t have a credit card.. hence the question cause I want to get one.. I dunno why..he he. All my earnings stuck in my payroll atm then I transfer it to my personal atm. I’m too frugal actually. I think everybody has card credit card….except for me. I always like to pay in cash.

MindanaoBob
Guest

Go for it, Sugar!

ScottF
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ScottF

This is my first time listening to the podcast. This is pretty cool. I like being able to type my thoughts, as I am doing now, while listening to the podcast. The bank courtesy issue is something that happens here in the states too. With my own bank, I have one in particular that I use, and they know me by name. However, the manager there is a stickler and goes by the book on EVERYTHING. I understand their reasoning, but it’s nice to cut through some of the red tape sometimes. I’ve been referred to a different bank, of… Read more »

MindanaoBob
Guest

Hi Scott – Glad you enjoyed the podcast, and found it interesting!

Larry Saum
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Larry Saum

I’m curious about the date of the creation of this podcast. It is a timely discussion as ususal. When my wife and I were in Isabela last year we set up accounts at the BDO bank in Ilagan, Isabela. I also set them up with on-line banking access. I just happened to try out XOOM to send some money to the Peso account this weekend. It worked fine, but cost $4.99 for the XOOM fee. The money appeared in the on-line BDO account when I checked it a couple of hours after sending it, and it was charged against my… Read more »

MindanaoBob
Guest

Hi Larry – The podcast was originally recorded about 5 years ago.

bret
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bret

I am in Chicago but cant find any info or location of BPI. If Scott could provide info and addresss it would be appreciated. Any search just comes up all the remittance centers. I agree that XOOM is fantastic and I would just XOOM myself money when there because of ATM issues.

MindanaoBob
Guest

Hi Bret – I think that a remittance center is all you will find, I do not believe there are “full blown branches” in the USA.

Joe P
Guest
Joe P

FYI when visiting the Philippines you can also XOOM money to yourself and go pick it up. I normally go pick it up at SM Marilao or one of the Local Cebuana Pawnshops with no hassles ever. In fact once I do the transaction online on my iPad its ready in minutes. I do this and bypass ATM hassles, restrictions, fees and that pesky 3% plus five dollars plus 200 Peso fee. If I lived there I would probably do it a bit different, but XOOM is the way till the next big thing hits the islands. During my days… Read more »

Kristine
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Kristine

Hi Bob. Nice informative site you’ve got here. Regarding banking in the Philippines — have you guys tried Unionbank EON? I’ve been working from home since 2008 and most of my clients are US-based. What I did was I set up an EON account with Unionbank and connected it to my Paypal. Money withdrawals from Paypal to my Philippine EON account usually takes 36 hours, longer when there are bank holidays.

MindanaoBob
Guest

Yes, I have a Unionbank EON account, and I use it often. Thanks for stopping by!

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