anthonytt Posted September 30, 2013 Posted September 30, 2013 Hey all, I have my New York City pension direct deposit into my USA Chase bank account. I remember seeing a Chase bank in Cebu near IT park. Anyone use Chase bank in Philippines with a USA account? Thanks Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Call me bubba Posted October 1, 2013 Posted October 1, 2013 Chase Bank (philippines) is a SEPARATE banking UNIT from CHASE BANK (USA) just as Citibank (philippines) is separate from Citibank (NA/USA) just as HSBC.Standard bank, etc etc.... and since CHASE BANK is limited in the "branches" that exist, perhaps you should consider another bank that you can transfer into.. (HINT BPI) could the CHASE BANK sign you saw be for Jp morgan/chase bank call center, as in the NCR(national capital region) .actually in taguig their too is a sign for Jp morgan/chase bank but its for their US call center operations 3 Link to comment Share on other sites More sharing options...
MikeB Posted October 1, 2013 Posted October 1, 2013 Right, Chase has no affiliated banks outside the US. The office in Cebu is a call center, also one in Makati. Chase is among the worst for foreign withdrawal fees - $5 flat fee+3%+lousy exchange rate. 1 Link to comment Share on other sites More sharing options...
anthonytt Posted October 1, 2013 Author Posted October 1, 2013 Chase Bank (philippines) is a SEPARATE banking UNIT from CHASE BANK (USA) just as Citibank (philippines) is separate from Citibank (NA/USA) just as HSBC.Standard bank, etc etc.... and since CHASE BANK is limited in the "branches" that exist, perhaps you should consider another bank that you can transfer into.. (HINT BPI) could the CHASE BANK sign you saw be for Jp morgan/chase bank call center, as in the NCR(national capital region) .actually in taguig their too is a sign for Jp morgan/chase bank but its for their US call center operations So how could I do it? Open a BPI account in Cebu ? Will I be able to transfer funds from my USA chase account to my Philippine BPI account? Sorry I'm really confused on this Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
joeatmanila Posted October 1, 2013 Posted October 1, 2013 Have your bank transferring a standard amount every month to a local Filipino bank BDO BPI etc and if you need more than that...you can always get by other means of communication with your bank, ask them before you leave. Link to comment Share on other sites More sharing options...
MikeB Posted October 1, 2013 Posted October 1, 2013 So how could I do it? Open a BPI account in Cebu ? Will I be able to transfer funds from my USA chase account to my Philippine BPI account? Chase currently charges $40 for an international wire transfer, $45 for international currency. https://www.chase.com/business-banking/online-banking/wire-transfer#!wiretransferstab:wiretransferstab3 There are a number of companies that offer much lower fees, Xoom is one. Link to comment Share on other sites More sharing options...
OnMyWay Posted October 2, 2013 Posted October 2, 2013 If you are going to be in the Philippines a long time then you can use the check deposit method that many do, like me. My U.S. bank is Chase as well. Open a BPI dollar account and a BPI peso account. Write a Chase check to yourself and deposit it in your BPI dollar account. It will take 21-30 days for the funds to be available. Transfer to your peso account as needed, or when the exchange rate is good. BPI has better than average exchange rates. 1 Link to comment Share on other sites More sharing options...
anthonytt Posted October 2, 2013 Author Posted October 2, 2013 Thanks , I finally got this figured out. I went to Metro Bank here in New York. Opened a peso passbook savings account and am going to have my SSD & pension direct deposit into that account . The only thing is I had to choose only one metro bank as my main branch in Cebu where I HAVE to go to get my money. But there's no fees involved.! I'm happy Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
i am bob Posted October 2, 2013 Posted October 2, 2013 One thing I was wondering about... Chase credit cards... I know in Canada all credit cards charge an extra 2.5% above the posted exchange rate for foreign transactions EXCEPT Chase cards. Chase charges the posted exchange rate only. Is it the same in all countries for Chase? Link to comment Share on other sites More sharing options...
MikeB Posted October 2, 2013 Posted October 2, 2013 Thanks , I finally got this figured out. I went to Metro Bank here in New York. Opened a peso passbook savings account and am going to have my SSD & pension direct deposit into that account . The only thing is I had to choose only one metro bank as my main branch in Cebu where I HAVE to go to get my money. But there's no fees involved.! I'm happy If they give you an ATM debit card with an MC/Visa emblem you can go to almost any ATM in the country and there should be no charge at Metrobank ATMs. Your location says Carcar, there's a Metrobank branch and a couple of ATMs in the Gaisano there, frequently offline. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now