PRA SRRV US $ Deposit

bad thing is in srrv is 320 us$ deposit every year

iftikhar65 wrote:

bad thing is in srrv is 320 us$ deposit every year

US $360.00 per annum, a little less than the 12 months on a tourist visa requirements and not the hassle of rocking up to Immi all the time, plenty of other benefits as well.
We save more than that with one car registration in PH. compared to Australia. Living/retiring to the Philippines is certainly not the cheapest country to retire too by a long shot but has plenty of pros especially if your chosen one is from that country.

Cheers, Steve.

The original poster said that PRA will keep your passport for about 30 days.  If that is true and I arrive on a 30 day visa, is it best to get that extended first?  And what happens if the visa expires before the passport is returned?

Using Transferwise for deposit.  i also intend to use Transferwise for my deposit.  Can you tell me how you entered your specific information into Transferwise so that the bank knows who and what the money is for?  All I see is an area for "Reference". is that what you used and specifically what did you enter?

AaronAardvark wrote:

The original poster said that PRA will keep your passport for about 30 days.  If that is true and I arrive on a 30 day visa, is it best to get that extended first?  And what happens if the visa expires before the passport is returned?

Hi Aaron, welcome to the forum. Only just picked up on this thread. Only an opinion but could/would suggest that upon arrival extend your visa for a further 29 days with immi at the airport, relatively painless but suggest you have pesos including small change. Last time I entered/did this was less than 3,000.00 pesos, similar to an immi office in the area you are in.
Allow 28/30 days but on occasion 21 days or from different input 45 days. Cover your b*m and extend your visa when you arrive and should have no problems.

Enjoy.

Cheers, Steve.

AaronAardvark wrote:

Using Transferwise for deposit.  i also intend to use Transferwise for my deposit.  Can you tell me how you entered your specific information into Transferwise so that the bank knows who and what the money is for?  All I see is an area for "Reference". is that what you used and specifically what did you enter?

Again Aaron welcome to the forum. While I personally have not gone down your path yet would advise that you talk directly to your PRA marketeer with regards to these requirements to achieve your goal.

Cheers, Steve.

bigpearl wrote:

AaronAardvark wrote:

Using Transferwise for deposit.  i also intend to use Transferwise for my deposit.  Can you tell me how you entered your specific information into Transferwise so that the bank knows who and what the money is for?  All I see is an area for "Reference". is that what you used and specifically what did you enter?

Again Aaron welcome to the forum. While I personally have not gone down your path yet would advise that you talk directly to your PRA marketeer with regards to these requirements to achieve your goal.

Cheers, Steve.

Sorry, I forgot to do a quote.  There was a poster who used Transferwise.  I was seeking that person's input on what exactly he had entered on the Transferwise transfer form which is not very clear.

My question about passports was not so much the visa time I needed to finish the process but how long PRA would actually keep my passport itself.  I will need it to set up bank accounts and SIM/mobile accounts, e.t.c.

AaronAardvark wrote:

bigpearl wrote:

AaronAardvark wrote:

Using Transferwise for deposit.  i also intend to use Transferwise for my deposit.  Can you tell me how you entered your specific information into Transferwise so that the bank knows who and what the money is for?  All I see is an area for "Reference". is that what you used and specifically what did you enter?

Again Aaron welcome to the forum. While I personally have not gone down your path yet would advise that you talk directly to your PRA marketeer with regards to these requirements to achieve your goal.

Cheers, Steve.

Sorry, I forgot to do a quote.  There was a poster who used Transferwise.  I was seeking that person's input on what exactly he had entered on the Transferwise transfer form which is not very clear.

My question about passports was not so much the visa time I needed to finish the process but how long PRA would actually keep my passport itself.  I will need it to set up bank accounts and SIM/mobile accounts, e.t.c.

Hi again Aaron, as said I would avail the extra 29 days upon arrival, this will give you 59 days. Given what I said earlier with SRRV processing times can be 3 weeks if you are lucky and some suffer 3 months. Very difficult to extend your visa at the local immi office while the PRA hold your passport I would think, as said not gone this path yet myself but have read/researched and eventually will travel the path myself.

Setting up house or condo is easy for phone, electricity, internet and leases on a tourist visa. We did this for 12 months without a problem. Make plenty of copies of your passport and drivers licence for ID to secure the above, your original Passport is with the PRA and should be stated to new creditors the same.

While I have never transferred into the PRA's preferred banking requirements I have transferred large amounts of dollars to PH. for property/house purchase some years ago and earlier this year for a new car and never a problem as I have always stated the facts. If I were to transfer 10, 20 or 50K US to the PRA's designated bank, I would simply insert Visa requirements no different to me/us detailing "property purchase" also giving the address of the property or the "car purchase" and the company details. Again very simply supplying the required information, nary a problem in PH. or Australia.
The best thing you can do if you are going down the SRRV route is to contact them directly prior to making you sojourn and accomplish the correct path to achieve, find a marketeer that you are happy with. If extra pesos are asked for the process  then that is not on, the PRA have employees/contractors to accomplish your needs that is included within the application fee.

Good luck and hope it works out. What area are you looking at? We are in La Union north of San Fernando City.

Cheers, Steve.

I don't believe the visa time is going to be a problem but I will ask again.  PRA states, someplace, that they will do any required visa extensions during the SRRV process.
As far as the funds transfer goes, I live in Thailand and my banks live in the US.  I have been transferring "large" (in my case it should only be $1,000) amounts frequently for a year.  The PRA uses different banks in different locations.  Apparently in Clark/Angeles they use Bank of Commerce but PRA is not very forthcoming in giving the necessary SWIFT code and routing number.  I have just emailed them asking again.  Otherwise, they told me that they will send me to the correct bank once I show up there and get the information then.  I prefer to do it earlier.  It is easiest for me to use Transferwise as the earlier poster did.  The online transfer form is not really suited to enter the information required by the PRA preferred bank.  The form does have a place called "Reference" which I can use.  I was hoping the person who actually did this could tell me exactly what they entered and where.
If you are saying that I can accomplish all my settling stuff using passport copies, that would be good news.  I think a personal bank account might be difficult with out an original passport and no ACR card.

If your x military not retired there is permanent visa $1500 USD deposit $1400 fee to apply $10 fee every year

Exactly.  I am aware of the fees.  At this point I am only interested in the deposit because that is the one that is a bit tricky because it cannot be done in cash.  The deposit has to come from overseas (out of the PI).  The other fees I can pay in cash.  The deposit would be less tricky if I lived in the US which I don't.

That is not correct.  You have to prove that you have a pension but you do not have to put any of it in a bank except for the initial SRRV deposit.

AaronAardvark wrote:

That is not correct.  You have to prove that you have a pension but you do not have to put any of it in a bank except for the initial SRRV deposit.

Agreed