Bankaccount

Even with an ACR card, a 12 month lease on a condo and my better half , PH. national and employed with a government department with me got rejected at 3 BDO branches and finally at the forth requested to talk to the manager, grovelled a lot and finally got a personal account and a joint account. It was very frustrating as well as a lot of wasted time.
I hear of others waltzing into different banks on tourist visas and walking out with a bank account, perhaps we were unlucky.

The 2 accounts in Manila we tried to move to La Union a year ago, no sir different branch you need to start a new account even though we had been with them for 7 years. The better half opened a new account but I could not without an ACR card even though I hold a 25+25 year lease on a local property, go figure.

I think most of the banks are run through franchises and appear to interpret and apply the rules as the manager sees fit.

Cheers, Steve.

Small correction, it is not "retired military" even thought that is what the rules say.  It is retired and military.  I spent 3 years in the military and I qualified without any problems.  Simply had to show proof of honorable discharge.

AaronAardvark wrote:

Small correction, it is not "retired military" even thought that is what the rules say.  It is retired and military.  I spent 3 years in the military and I qualified without any problems.  Simply had to show proof of honorable discharge.

thanks. that is an important distinction

Philippine Destiny wrote:

AaronAardvark wrote:

Do you remember what happened to the SRRV holders who lost their deposits with the bank going under?  With me and my meager $1500 deposit it would not be a real catastrophe  If it was 10K or 20K, that would be more difficult.

Well, it is never fun even when they eventually pay. But any single account with more than 500k is hosed for the amt over that limit.

So you are military? What about the yearly fee is that $10 or $360?

The yearly fee for those with the SRRV courtesy, which is available to veterans is $10 per year. I paid my three years in advance.

For some reason, the PRA told me that I could only pay the 3 years in advance after the first year.  I don't know why but it is not a big deal so I just won't make any waves.

TeeJay4103 wrote:

Philippine Destiny wrote:

AaronAardvark wrote:

Do you remember what happened to the SRRV holders who lost their deposits with the bank going under?  With me and my meager $1500 deposit it would not be a real catastrophe  If it was 10K or 20K, that would be more difficult.

Well, it is never fun even when they eventually pay. But any single account with more than 500k is hosed for the amt over that limit.

So you are military? What about the yearly fee is that $10 or $360?

The yearly fee for those with the SRRV courtesy, which is available to veterans is $10 per year. I paid my three years in advance.

wow

that is a great deal

well , we got different experiences

i did walk in BDO with my housekeeper and wanted to open accout for us

separate accounts

and we did walk out from there with 2 accounts

i did need my passport and ARC

she did need her driver licence and birth certification

only question was how much she earn a month and how much i put money to account at once or monthly

then we did walk to BPI and do same with same result

usd account just did have 10 000 minimum requirement , BPI 5000 php for her and 50 000 for me

BDO 50 000 for her and 500 000 for me