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Direct Deposit of US Government Payments

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Do you get US Government Payments?

You get Direct Deposit to a Philippine Bank

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!

How to Move to the Philippines Manual

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.

You can get more information here.

This video covers Bank Direct Deposit, and a side topic about having a dog put to sleep in the Philippines.

Other Banks too!

In the video, I said that I was going to give a list of Philippine Banks that accept US Government direct deposits. Here is that list (including the amount they charge for accepting the direct deposit):

Allied Banking Corporation – $3.00
Bank of the Philippine Islands (BPI) – $3.00
Development Bank of the Philippines (DBP) – $5.00
Land Bank of the Philippines – $5.00
Maybank – $3.00
Philippine Veterans Bank (PVB) – $3.00
China Bank – $3.00
RCBC – $3.00 to $5.00
Banco de Oro – Unknown
Bank of Commerce (BOC) – $5.00 to $7.00
Manila Bank – $1.00
Security Bank – $5.00
United Coconut Planters Bank (UCPB) – $4.00 to $6.00
Metrobank – $3.00
Philippine National Bank – $7.00

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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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Virgil Tiongson
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Virgil Tiongson

I can't download the form. Could you please help on where to get this info or could you send the link?

Thanks!

Bob
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Bob

Hi Virgil – I am not certain what form you are looking for. As far as I am aware, there is no form to be downloaded. What you need to do is to just go to any branch of BPI and open an account with them.

richard
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richard

Hi bob ,, there is a Form , However the form they are using is outdated and for people receiving checks and do not have direct deposit but setting one up , With that said , they use it anyway ….. on the form where they ask for check number use your Social security number , Also Fax the form to Social security( I attached mine in an Email and faxed it and called ) , call them and give them the account and routing number you’ll have your deposit the next month that way … As the other way… Read more »

Paul Thompson
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Paul Thompson

Sir Bob; I see that the charges Philippine banks deduct has dropped. I opened a dollar account in 1997 and was charged $20.00 A MONTH. I switched to leaving my money in the states after that. Because during that time two banks I used failed and it took a year to get most of my money back. I can now bring in three months of money from my Credit Union at $14.50 every 90 days, and on line I can transfer money to my wife’s debit card within seconds. It appears that 20 years later, banking has improved vastly as… Read more »

LeRoy Miller
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LeRoy Miller

Ouch,I see that the most convenient bank for where my place is located is also very expensive. Time to find plan B.

michael d burton
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michael d burton

Could you please send me your link on things i can do to make money here i dont mind doing things online

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