🏦 Banking in the Philippines as a Foreigner: A Complete Guide

Are you an expat, digital nomad, retiree, or long-term visitor living in the Philippines? Managing your money just got easier! In this video, I’ll walk you through how to open a bank account in the Philippines as a foreigner, plus share top money transfer options, best banks for expats, and important tips to avoid banking headaches.

✅ What is covered
Why you need a local bank account
Banking requirements for foreigners (ACR, passport, visa, etc.)
Best banks in the Philippines for expats (BDO, BPI, Metrobank & more)
Sending & receiving money internationally (Wise, PayPal, SWIFT, etc.)
Banking tips to avoid dormancy fees and penalties

💡 Whether you're sending money abroad, receiving funds from your home country, or just want to pay bills and shop easily, this video has you covered.

💳 Best Philippine Banks for Expats:
✔ BDO
✔ BPI
✔ Metrobank
✔ Security Bank
✔ CitiBank & HSBC for global access

🌍 International Money Transfer Options:
🔹 Wise (formerly TransferWise)
🔹 PayPal
🔹 Western Union / MoneyGram
🔹 SWIFT transfers via local banks

📌 Helpful Tips for Expats
✔ Check maintaining balance requirements
✔ Watch out for dormancy fees
✔ Choose banks with strong mobile apps if you’re always on the go
✔ Bring cash for initial deposit—some banks won’t accept transfers

👍 Like this video if it helped you!
🔔 Subscribe for more tips on life in the Philippines as an expat
💬 Comment below with your questions or share your experience banking here

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