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Life in the Philippines

Discussion in 'Life in the Philippines' started by CatchFriday, Jul 2, 2021.

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  1. oss
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    oss Somewhere Staff Member

    Two peso markdown on GBP conversion on the ground, on average, in the Philippines, if spot rate is 67 you will get ~65 from a "good" money changer and a lot worse from a bad one.

    Some BPI ATM's but not all will give you 20,000 peso in one transaction for a 250 peso fee that's just about 1% versus nearly 3% (on a good day) at a money changer.
    oss, Mar 15, 2023
    #21
  2. oss
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    oss Somewhere Staff Member

    She needs to drill into one of those transactions then tap "Details" to see the breakdown of the fee's Wise and the Philippine banks are charging.
    oss, Mar 15, 2023
    #22
  3. Druk1
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    Druk1 Well-Known Member

    I still take money everywhere,cash is still king.I was in Canada last year,in Ontario,when the telecommunications failed for a few days,I remember how people panicked because the outage lasted a few days and they had no……….Cash.:D
    Druk1, Mar 16, 2023
    #23
  4. Mattecube
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    Mattecube face the sunshine so shadows fall behind you Trusted Member

    I think it’s 2 transactions free over £200 in a month, atm charges apply then thereafter you are charged 1.75% on the total withdrawal each time
    Mattecube, Mar 16, 2023
    #24
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