Living in the Philippines is such a give and take situation. I was ashamed of myself once when our group of expats were out one night along the blvd on Friday night in Surigao. They close of the road and put up a bunch of eateries, etc. Well they also had a singing contest and they started with the Philippine National Anthem, and due to peer pressure I didn't stand for the Anthem. I regretted it as soon as it was over because if they were in my country living there, I would expect the same respect. Lesson learned.
On the flip side of that is the endless BS that goes with living there. I made the SEVERE MISTAKE of taking Travelers checks with me. DO NOT DO THAT EVER!!!!. Well only 2 banks in town would cash them ( 1, BDO, charged 50P and the other, which one escapes me at the moment, charged 2%.) BDO then tired of me coming in on a regular basis because it took so long to do, but if they had just let me do a larger amount it would have taken the same amount of time because they were all sequential.
BDO said in order for me to continue to cash them I needed to have a bank account. OK FINE, SIGN ME UP.
Sorry but you need to have a permanent resident card . NO I HAVE A 1 YEAR VISA
Sorry but you can't open an account without being a resident. CATCH-22 , A CIRCULAR ARGUMENT WITH NO ONRAMP. I WILL PLAY YOUR GAME, I WILL OPEN AN ACCOUNT BUT AT LEAST MAKE IT POSSIBLE, OTHERWISE WHY WOULD I BE USING TRAVELERS CHECKS AND HAVE A VISA, BECAUSE I'M A QUASI RESIDENT/TOURIST.
Out of desperation, I called the main BDO Customer Service and found out this was all the managers doing. No bank wide restriction, No hard-n-fast rule of $200/day limit (managers discretion).
Using the expat network connection, I was able to get it resolved. One of the head expats was able to basically subtly shame the branch manager. So finally he allowed me to open an account using my 3 US ID's and the world was at peace, full of love and happiness.
It only took me 4 out of a total of 6 months to reach that nirvana.
Bought a motor scooter, all nice and legal. But it was going to take 3 months to get my registration. OK, no big deal. I paid for it. I have a receipt. etc.
WRONG!!! after paying I'm told not to ride it downtown where all of the traffic cops are because they can ticket me for not having a registration and impound the bike and keep it. It really defeated the purpose if you can't use it to go into town. Sorry no refunds.
Once again, that American connection comes to the rescue. Well you can't bribe people, but you can go buy 2 dozen donuts and go to the morning roll call of the traffic cops and being the friendly guy I am and I explain my situation that the company isn't even allowed to sell here legally, and they must get their registrations from Cebu, hence the delay. Please forgive me and please don't give me any problems. "Hoi, walang problema pare ko" . It wasn't a bribe. It was a chance to explain the situation. And I never had another problem in town. All of the cops knew me by site and would joyfully greet me as i passed by. Just don't take the bike to other cities.
LOL the wife and i stand for the anthem in SM movie theater yea we are the only ones standing but its habit
BDO or any other bank is BDO or whatever by the sign on the door and ATM use only other than that they are hiwalay
we had BDO acct in misamis oriental that we had to go to so we could transfer the funds to cavite they would not interbank wire because they are not interbanks (i guess) seems private owned and DO NOT trust PDIC to cover you..not
you say 1 yr visa so you are balikbayan and got ACR I-CARD try this
Foreigners legally residing in the Philippines can open an account by presenting the
How to Open a Savings Account in the Philippines
By Rianne Hill Soriano, eHow Contributor
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How to Open a Savings Account in the Philippinesthumbnail Open a savings account at the "New Accounts" section of the bank.
Unless you already have an active account in a major bank in the Philippines where opening an account online is also possible, Philippine banks always require you to be present when opening a savings account.
Foreigners legally residing in the Philippines can open an account by presenting the original Alien Certificate of Registration (ACR-I) card along with other standard requirements. For foreigners, the process of opening a bank account can take about one to two weeks after interview and background checks are made by the bank.
Go the bank with all of the required paperwork. It is best to photocopy all of the documents beforehand to make the process faster. Bring two valid identification cards, three identical photos (usually 1 x 1 inch in size, also called ID size) and the minimum deposit amount required for a regular savings account (in cash or in check, usually PHP 500.00 to 5,000.00 or $11.50 to $114.00, as of the June 2010 exchange rate).
Go to the "New Accounts" section of the bank. Inform the banker you want to open a savings account. Give all the documents you brought to the banker. You will receive forms and signature cards to fill out.
Fill out the forms. These typically include an AI (Account Information) Form for individual and joint accounts or a BI (Business Information) Form for business and corporate accounts. Fill out the three signature cards, more popularly addressed as the sig cards, with your contact details and signature samples. Your ID photo will also be pasted on each sig card.
Fill out the deposit slip and put down the amount of the initial deposit you provided to the banker. Give the banker your deposit amount in cash or check format. The banker validates all the forms, and will then give you your account number, which will also be placed on the deposit form.
Wait for the processing of your account. The banker goes to the teller to make the initial deposit for you, after which you will receive your copy of your deposit slip, which has now been stamped or signed by the teller. Depending on the bank where you opened the account, you may have to wait for five to 15 minutes for your ATM card or you may be asked to return after one to five banking days to pick up your card.
Once you receive your ATM card, change the initial/temporary password at the bank's ATM machine.
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