Philippines Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Money in the Philippines

  An overview of currency and banks

  As an expat moving abroad dealing with local currency and banks can be daunting at first. This guide will help you learn what you need to know to confidently negotiate the financial system.

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  Opening a bank account

  What you need to know

  It can be confusing choosing the right bank in your home country let alone in a foreign one. This article explains what you need, as a foreigner, to open a bank account in the Philippines.

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  Exchanging currencies

  Where and how to do it

  Travelers cheques aren’t widely accepted anywhere in the Philippines. The only areas you can use them are Metro Manila and perhaps Cebu city or other major cities.

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  International transfers and payments

  How to transfer money and make payments

  Handling your money in the Philippines can be simple as many methods are available for paying bills and transferring money into and out of the country.

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