subject: Transfer Money To Philippines Before You Move Using A Few Methods [print this page] Planning a move is not complete without considering how to get your money to your new home, and how you will access it later. You might think that taking cash in the form of American dollars is fine, but in many cases, this is not a good idea. Not only could easily lose it, but you will likely not be able to spend it once you arrive because the currency in the Philippines is the Philippine peso. Aside from knowing how to transport it to another country, you should know that $1 USD equals about 46 Philippine pesos.
Some people like to put their cash into a prepaid debit card that they can take with them to any nation, whether they are traveling or moving. This could work well as a way to transfer money to Philippines because there are few fees associated with such a card. It typically costs $5 to add funds to it, and then you can spend it at retailers or withdraw money. Additionally, ATMs are rampant in this country. Just be sure to withdraw money during the weekdays, because some ATMs in the Philippines actually run out of money to dispense during the weekends.
Many people moving to a new country like to open a bank account before they officially move. Sometimes, the easiest way to do so is to find out if your current bank has a branch in Philippines. Bank of America, Citibank, and HSBC all have branches in the Philippines, meaning that you can more easily have access to your money both before and after you move. If you choose to open an account at a bank that only exists in the Philippines, you will have to wait until you move to do so. You will need to present your Alien Certificate of Registration, two forms of identification, and a utility bill that proves your address in this country. Once you have an account, you can begin sending money from your current bank to your new one.
There are a few ways to transfer money to Philippines, but these are some of the most commonly known. They are always known as much safer than carrying cash. If you want safe, fast access to your money, such methods should work for you.
by: Peter Frampton
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