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Sumomaster2004 wrote:

Thanks for all your input.. But i have 2 accounts here in PI already. What im looking for is how to open a bank account from US from here. I want to be able to do a direct deposit from IRS in that account from the US then i can transfer my money from there to my PI account.

You may run into some problems. My bank in the states is Citibank, they even printed up checks with my Philippine address on them. My ss is direct deposit.

I went to Citibank here in the Philippines, I wanted to open an account to transfer money here between accounts. They answer I got was a flat "NO". That was three years ago.

Enzyte Bob wrote:

Sumomaster2004 wrote:

Thanks for all your input.. But i have 2 accounts here in PI already. What im looking for is how to open a bank account from US from here. I want to be able to do a direct deposit from IRS in that account from the US then i can transfer my money from there to my PI account.

You may run into some problems. My bank in the states is Citibank, they even printed up checks with my Philippine address on them. My ss is direct deposit.

I went to Citibank here in the Philippines, I wanted to open an account to transfer money here between accounts. They answer I got was a flat "NO". That was three years ago.

What did tey say "No" to?   There have been so many frauds with checks, so I suppouse banks dont like checks, but cant you just make transfers bank acount to bank acount ?

coach53 wrote:

Enzyte Bob wrote:

Sumomaster2004 wrote:

Thanks for all your input.. But i have 2 accounts here in PI already. What im looking for is how to open a bank account from US from here. I want to be able to do a direct deposit from IRS in that account from the US then i can transfer my money from there to my PI account.

You may run into some problems. My bank in the states is Citibank, they even printed up checks with my Philippine address on them. My ss is direct deposit.

I went to Citibank here in the Philippines, I wanted to open an account to transfer money here between accounts. They answer I got was a flat "NO". That was three years ago.

What did tey say "No" to?   There have been so many frauds with checks, so I suppouse banks dont like checks, but cant you just make transfers bank acount to bank acount ?

.

They said I could not link my Citibank account in the states with their Citibank in the Philippines if I decided to open an account with them.

The Citibank in the states printed up my checks with my Philippine address as to make it easier for me if I was going to make purchases in the Philippines.  But, that never came to be. The only check I ever wrote was to BDO adding another $2500 to an existing account and that took 20 working days and more to be accredited.

For purchases made in the Philippines from day one, I used the BDO debit card or my charge cards from the states. I prefer using the charge card from the states paying a 3% fee because in case of fraud you have more protection than a debit card. Like having money in your savings account disappear and someone at BDO shrug their shoulders at your misfortune.

Now for any newbies when you arrive here you can use your stateside issued debit card and withdraw Pesos, up to 10,000 php from your dollar account, you can do this multiple times. Citibank allows up to $15,000 pesos, but why bother.

After you've been able to open a bank account in the Philippines and can have your ss or other funds direct deposited without all the workarounds in getting cash for your daily living.

I don't direct deposit to the Philippines, I prefer to keep my savings & ss in the states and then transfer to BDO as needed.

Enzyte Bob wrote:

They said I could not link my Citibank account in the states with their Citibank in the Philippines if I decided to open an account with them..

I see. But I suppouse you CAN send money from a bank acount in USA to a bank acount in Phils (if not over the max limit demanding approval in USA).  It dont even need to be same bank nor same nam,e at sender as reciever.

I know because I have done it      although from Sweden and with amount over the max without approval so I had to involve my bank to get that. 
If under that amount , I suppouse no problem to make the sendins yourself if you have access to such function online.

coach53 wrote:

Enzyte Bob wrote:

They said I could not link my Citibank account in the states with their Citibank in the Philippines if I decided to open an account with them..

I see. But I suppouse you CAN send money from a bank acount in USA to a bank acount in Phils (if not over the max limit demanding approval in USA).  It dont even need to be same bank nor same nam,e at sender as reciever.

I know because I have done it      although from Sweden and with amount over the max without approval so I had to involve my bank to get that. 
If under that amount , I suppouse no problem to make the sendins yourself if you have access to such function online.

Yes send money from one bank to another, but not transfer money between your American accounts to the Philippines accounts within the Citibank group.

Enzyte Bob wrote:

I don't direct deposit to the Philippines, I prefer to keep my savings & ss in the states and then transfer to BDO as needed.

same here, I trust the banks here as much as I trust their G ...........

There are so many horror stories with people's money just disappearing from their account and  yes, BD.... I mean Banks just say they investigate and basically close the ticket after a week with no actual resolution. To be fair, it's not only BDO, other banks more or less has this same issue.

I actually had a problem with BDO once regarding a TT, they are the most strict bank regarding their policies and their policies differ depending on who you talk to. You are literally at the mercy of that 1 staff if they choose to help you or not. They act like they are doing you a favor by allowing you to put Your money in their bank.  I know I'm no Elon Musk but dannnnng (facepalm)

lets not forget how many people here actually falls for phishing scams, I mean seriously.. People actually fall for that whole "I'm Sr. Manager Aboot Du Roobu, there has been some suspicious activity on your account, please click on link and follow instructions. Then Mr. Aboot Du Roobu call you to ask you for your OTP and you actually GIVE it to him". Derp..

Anyhoot, a lot of good info here. I didn't know you can do online account setup now a days, I'm old school. I did everything and made sure everything worked before I left.

Plan Twice, Execute Once.

A friend once told me before I left, it's best to be prepared and have everything in order before you go as returning just to fill out a form is going to be expensive.

Sumomaster2004 wrote:

Guess i have to try to find that code so i can try it. So you already had direct deposit from IRS sent to your PI bank?

I suppoue he talk about SWIFT code for the RECIEVING. bank.  Ask your recieving bank to get their SWIFT code.

Sumomaster2004 wrote:

I think the best solution is if someone has DD already from IRS to a PI bank account. I have 2 accounts here in PI already. Just need to make sure it can work just need the procedure set it up.

You need the SWIFTcode to YOUR bank in Phils.,

@Sumomaster2004 I opened a Capital One bank account using my VPN from here in the Philippines.   Had no problems getting it set up.  However I did use my kids address in the states.  There are no problems with international transactions.   Hope this helps!