Getting Access To Your Money in The Philippines Through Various Sources! 

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Another wonderful reason to move to the Philippines - no one knows their right from their left 😮

As always very useful information. 😊

Gio, may you and Maya have a wonderful Christmas and New Year season!

Gio I wish to say MERRY CHRISTMAS to you and your family, may you all live in safety and good health.

Wow I didn't know about that in banks here in the Philippines Gio thanks for the info. I was thinking about opening up a bank account here because I'm living here permanently. Now I know. Merry Christmas Happy New year 🎄🎄

Well done - thanks. I'm adding this one to the ”First Week" playlist.

Merry Christmas Gio and Maya!

These are essentials to know. Thanks again Gio.

Very Informative. Great video!

Merry Christmas To you Geo n your wife 💖

Merry Christmas Gio, and Your New, Wife.

Bio, it’s horses for courses but with the greatest respect to you I think a PH bank account is essential. I use it at atm, debit card, top up gcask, grab etc.

Another great video Gio. I agree, I see no reason to open a bank account in the Philippines. I've been with Schwab for about 2 years now and I couldn't be happier. I use them for my retirement and brokerage accounts, as well as their investor checking account. Everything under one roof couldn't be easier. Also, great customer service and no ATM fees. My only regret is that I didn't leave Bank of American and Merrell Edge sooner.

Thanks Gio. Happy Christmas to you both 💞💞

Thanks for sharing G!

Thanks Gio great video 👍

Thanks 🙏🏻 again for the info 👍 . Your the best 👍

Schwab allows me 50k ATM per day. For a larger amount I write a personal check to my Philippines bank, for the lowest fee and best exchange rate.

I couldn't recognize you without your trademark cap and shades. 😎

Thanks for the information

Great info, I have USAA

Hey Geo just got my Gcash account using my US Passport this was like 2 weeks ago thanks Jim

Great vid

I opened Remitley and had nothing but problems. After a month my account was closed. They nonstop continually wanted more information and finally I said enough is enough. Run from Remitley.

Business here is very different than the states. I have heard and seen enough to know I don’t want a large amount of money kept in a PH bank. Debit cards. Wise account and Gcash. I’m good with that. Have a Merry Christmas Gio

MERRY CHRISTMAS GIO

HSBC in Makati has an Atm 40,000-peso limit, more important if you open a bank account outside the USA, you have some tax filing that has to be done for overseas accounts not worth the hassle Gio.

Great information

Merry Christmas 💖

Bank transfers from your country are easy way to transfer to local businesses, most have accounts even if they ask for cash, they will accept it generally. Smaller amounts are better through usual companies like Western Union, sent to yourself.

Thanks for the info Gio, by my reading gcash charges 2% in and out, is that what you pay?

I do wise and Gcash too

Sounds like pH banks got sticky fingers

If you live out there you can have the Bank transfer money monthly into your account or are the fees to much

Thank you Gio for the good advice. I think I will go the way of Gcash or wishes. What about credit cards use from America?? Is it safe to use??? Capital One or Bank of America card

Always name drop so we'll know to look out for it

Schwab works great here

Great advice Gio. Hope you and Maya have a great Christmas

What does Wise charge to transfer dollars to your g-cash. How is the exchange rate compared to the "real" rate of exchange.

If got bank account just into the bank and take big amount it's not hard.

Im the cautious type and I have seen the Philippines after a major Cat 5 type Typhoon and the city is shut down for 3 weeks or more. ATM run out of money or not working at all. The other scenario is maybe war conflict in China sea and then cash will REALLY be king. I personally keep a large sum of pesos and U.S dollars in my home safe. I have seen the videos of foreigners in the province low on cash after a typhoon and no ATM access..

I tried to open a bank account at BBI but was told I have to wait 6 months to open in Iloilo I have acr card and Philippines drivers license looking to buy a condo or house keep going back and forth on Iloilo and dumagette going to dumagette in February with GF she never been and I have a friend there as well that’s why I like it there lol

The big issue in some cases is getting a replacement bank card sent to you, so if you do happen to run into that problem having a local bank account isn't a bad idea along with using a remittance company of your choice for having an easy way to access some cash. But again at some point, the atm card will expire some banks are better at handling the replacement process while others are so paranoid it becomes a hassle to actually receive the card. Having a local account reduces the need to constantly expose your US atm card in the Phils. Many of us have alternate US banks to access funds, having a local bank account is handy at times. I set up automatic monthly transfers to a second US bank account which saved me. Dealing with my primary bank concerning a replacement atm card was a disaster for the first few months was able to get it worked out while still having access to other funds.

Sir it best to never exceed 1 k USA dollars on anything here in Philippines

I and my wife have a BDO bank account. Either she or I will transfer money from Bank of America to our BDO bank account in the Philippines. Never had any issues.

hey Gio thanks for this helpful info. with schwab; how are you handling the 2FA issue? skype US phone number doesnt work and ive heard that most voip numbers wont either. so is the only option to get an actual US sim activated in the US and pay their huge roaming fees? would be great to hear how people have solved this n the most economical way. thanks again and merry Christmas

Hello Gio, I'm 60yo and I married a philiipina and I'm planning to move to the Philippines in the next 2 years, I'm from CA and if you can give some hints to the route to accomplish that goal with all your experience, thanks Sir.

Which us bank account is best to use in the Philippines? I get VA and SS retirement and this is my biggest issue in regards to retiring to the PH. Not sure how to pay bills while there and if I have a maid how to have her pay bill without giving her my bank card lol.

Just wondering how much can you send per transaction from Wise to G cash and where or how to you pickup the sent cash from G cash? Thanks...also is 1 transfer a day and pickup allowed?

Have been reading a lot of posts about "digitization" of currency in the US. I don't understand what that means and am wondering how conversions into non- US currencies would be impacted.

Set up western union and wise before you arrive in the Philippines. I send my self dollars using western union and wise for sending peso to bank account. Link both to your bank account and send as needed. Been doing this for many years never had a problem. Both as apps and setting up before moving is highly recommend. Fees are not bad doing it this way.

I'm similar. I have PayPal linked to my GCash and use that for a lot of transactions. Does Western Union work with a large cash movement? I rented a condo and they wanted either post dated bank checks (but I don't have a bank account) or the full 12 months of rent up front. I wired the cash from my bank in the US to my girlfriend's bank account in the Philippines and then she withdrew the cash, but I want to be more independent with finances.

Can you use a visa credit card for major purchases?

What if you can't open a bank account in the country you are in abroad e.g. (Philippines) to receive your money from your home country e.g. (Canada) account because you are a tourist ...how would I then get my money e.g. ($1000.00 U.S. or over) from my personal bank account back home in Canada to the Philippines then? Do I have more options other than TransferWise? Thank you.

Hi Gio. My British pension company told me they will only send my pension to a Philippines bank, and not Wise or others! I have no idea how to prove that. Do you have any ideas please?

If you leave money in a bank account in the US be careful about secondary security. Having secondary security requires your US bank to ask you for your phone number, so they can text you a code number. IF your phone will not receive SMS texts from the US you will not be able to access you account. I agree with Gio, Wise and gcash is the way to go.

Since you’re married, you can transfer the money into your wife’s Philippine bank account easily

Online bank transfer from your US bank to your bank in the Philippines. That’s what my US bank advised me

Opening a bank account was a hassle. Luckily, I knew someone who had connections at a bank and could open a checking account. Also, they are extremely strict about your signature matching your passport signature.

, red alert red alert. Do not open a BANK account here in Philippines. Believe me, I know. Merry Christmas.

Hello, Gio, and thx for taking the time to do what you do. Have surfed lots of comments from various posts recently, but still not seeing buzzwords for which I'm searching.. namely; cash app, PayPal, venmo, etc. Any of those catching on over there yet, bc they're certainly handy, and are taking off back here in the States

Bank to bank transfer... Reserve the cash. Go to the bank. Get the cash. How did you get verified on GCash? I did not recognize my U.S. passport or my California drivers license.

Hi I no this is off topic but how come none of the expats buy or have boats or Jet Skis like Yamaha Sea-Doo? I would think if there was a place to really have one or the other it would be there in the Philippines.

If you are thinking off buying a condo or a bike a bank account would be much simpler

I've been able to open a BDO account after a hint of an expat pointing out a "loose" branch...

Interesting, Gio. I've only been here for 4 months, but I'd already come to the same conclusion. The only thing I haven't done is get a gcash account as I don't have a Philippines phone number. However, my fiancee has one and when I need to, I just remit to her. Thanks for all of your great content. Merry Christmas to you and Mia.

What happens when your card expires do you have to go back to your country to get the card from is it safe to have the card sent in the mail

I have always had difficulty with money in the PI. My credit cards don’t work even if i do tell them about travel ahead of time. Cash is easier, but it is also easy to lose. I did have a bank account, but it is very restrictive now. I lost the account due to inactivity. If you bring cash, change it at the airport or in the big city. I thought they were picky about money condition in the big city. It is ridiculous and disabling in the Province. Don’t make a fuss, it does no good. Rules are not uniform. It depends on if the planets line up or not. I was short $300 on my last trip because of a tear on the bills that the cashier put there. I nearly imploded, quietly. Money changer in Manila would have taken it. Another problem is, do you carry or leave it. Don’t put it in one spot. Spread it around. Hide it. I think Gio has those money bags that are anti-theft. Lockable and difficult to cut open.

Can you discuss what is needed and how to make a Philippine Paypal and link it to your Gcash? I believe they require ACR card and a Philippine bank account. I am looking to link my US credit cards to Gcash so indirectly use my credit cards to pay rent via Gcash. Thanks Gio

Not sure why you need WISE or GCASH if you can just withdraw cash from your US bank account. I’m from the U.K. so I could either just use my existing bank account or open an offshore HSBC account based in Guernsey which effectively is a Global Bank so it doesn’t matter where you live. I suppose the only question is, how do you pay for monthly rent ? In cash or by a regular bank transfer?

Is Bitcoin becoming accepted in the Philippines?

Do you need a local SIM card/number to get Gcash?

Word of warning also, I went to a BDO atm to withdraw money. Went through the process but money was never dispensed? That was a night mare

What was the bank name??? Your vlogs are a great help to us but details like this cannot be omitted.

QUESTION? If I did purchase a bike and I need to pay the dealer. How would you pay them? in CASH, CHECK, WHAT AND HOW?

I plan on one day marrying my gf from Philippines and she will move to USA. Would a joint bank account in Philippines help validate our relationship?

What’s the sending limit on Wise to Gcash?

Hello! how are you? Are you familiar with the Monzo debit mastercard? I think it serves the same purpose as the wise card.

I want to purchase a Piaggio tuk tuk type motor. Because of my age I can not get financing. I plan to take out a cash advance on my Visa card to my CIBC bank account in Canada. Then do a global transfer to my BPI account here and just take out the cash and make my purchase. Then I can pay off my credit card at what ever rate I want. That is if my wife lets me. She's the boss.

Can you get Gcash as a Tourist as long as you have an ACR card?

Who out there speculates in Philippine pesos? It seems to me that while the dollar is strong I should be buying Pesos and stockpiling some for those large purchases. In 2019 it was 46 pesos to the dollar...today it's 54-56. You've been here for years but I've never heard a word from you or anyone else on this subject. What say you?

Does this GCash mean GioCash? 🤔

Can all foreigners have a G-cash without any problem?

So, what happens when your 150,000 php is transfered and can only pick up 50,000 php--how do you get the rest?

Access to my money. What money? LOL

Could I buy a motorbike with my U.S. credit card?

You can pay for your hotel with a US credit card, earning frequent flyer miles, knowing that you won't be overcharged. Why would anyone even contemplate using an incompetent, bureaucratic Filipino bank that doesn't even return money promptly when they screw up?

I'm very annoyed with gcash even though it's a great convenience in PH. I too don't put a lot in my gcash. Right now in New York City I can't access my gcash because the security code they send to my PH number can't be detected while I'm in NY which is annoying. So I guess I can't see my gcash account until I return back to the Philippines and I'm on their cell phone frequency. Hopefully the 3000 pesos I left in the account will still be there. I don't know how to access my gcash account while living in the USA.

Gio! I loved your content and your videos till you started to put those girly pictures so often. This is si annoying and what do you try to accomplish with that? Do you want viewers to focus on your content or pictures that just distruct your message? Stop it, just my friendly advice!

So your bank does a double charge, based on a hotel stay, and the double money does not go to the hotel, only the single original payment. Then the bank investigates (itself?) for 6 weeks and then finally credits you. I wonder where the money went during the 6-plus werks. If you didn't dispute the charge, you would never have heard anything about it.

Palawan pawnshop sucks 🤮

i wouldnt use our philippine debit for any thing but the atm , the banks here are backwards compared to usa . if your card is hacked good luck getting anything back

Can you get Gcash as a Tourist as long as you have an ACR card?