New member... Philippine bank question

[jacker]

What is the best bank account for retired US citizen living in Phillillpines?

[Old55]

Welcome to the forum Jacker. Are you married to a Filipina? 

I moved your question into a new topic as the one you posted in was nearly three years ago.

[Jollygoodfellow]

41 minutes ago, jacker said:

What is the best bank account for retired US citizen living in Phillillpines?

First question is are you  living here on a 13a or a tourist or what? 

[jacker]

1 hour ago, Old55 said:

Welcome to the forum Jacker. Are you married to a Filipina? 

I moved your question into a new topic as the one you posted in was nearly three years ago.

No,  I have talked to several banks,  one bank told me get ACR, Proof of Residency, passport and they would consider

[hk blues]

14 minutes ago, jacker said:

No,  I have talked to several banks,  one bank told me get ACR, Proof of Residency, passport and they would consider

From my experience it is difficult to get an account without an ACR.  My wife and I opened a joint account just last week in Metrobank and it was smooth sailing because i had an ACR.  Same with my lone accounts in Metrobank and BPI.  

Edit: With ACR/Proof of Address and Passport I'm pretty sure you'd get an account no problem.  I think the word "consider" was used loosely by the bank staff.

Edited November 5, 2022 by hk blues

[jacker]

1 hour ago, Jollygoodfellow said:

First question is are you  living here on a 13a or a tourist or what? 

Tourist, not married,  planning on staying in Phillipines for several years.I  have talked to several banks. One bank wanted $60,000 deposit others said i have to have a Residential ACR. Metro bank said get Tourist ACR, proof of Residence ,passport and they would consider. 

[jacker]

4 minutes ago, hk blues said:

From my experience it is difficult to get an account without an ACR.  My wife and I opened a joint account just last week in Metrobank and it was smooth sailing because i had an ACR.  Same with my lone accounts in Metrobank and BPI.  

I was here in 2020 and had a ACR card......been here 3 months Immigration told me to get ACR near the end of the last 30day visa extension. 

[hk blues]

34 minutes ago, jacker said:

I was here in 2020 and had a ACR card......been here 3 months Immigration told me to get ACR near the end of the last 30day visa extension. 

Yep.

 

[Kingpin]

4 hours ago, jacker said:

What is the best bank account for retired US citizen living in Phillillpines?

HSBC, the only way you can transfer funds here instantly, free, and without limit (up to $200,000)

https://www.expat.hsbc.com/

 

[OnMyWay]

14 minutes ago, Kingpin said:

HSBC, the only way you can transfer funds here instantly, free, and without limit (up to $200,000)

https://www.expat.hsbc.com/

 

Does this matter?

https://www.hsbc.com/news-and-media/media-releases/2021/hsbc-exits-us-mass-market-retail-banking