David,
That would be great. Thank you for your help. We plan to move to
Cebu next year 2010 late.
Jack


--- In cebucitytoday@yahoogroups.com, "David Bannister"
<dajobann@...> wrote:
>
> Jack,
>
> One prime suggestion I would make is that you open a stateside
account
> with a good credit union rather than with Citi or any other bank.
>
> If you are interested, I will post my arrangements for accessing my
> funds while living in the Philippines, but I think others may offer
> better solutions for you than mine would be.
>
>
> David
>
> barnes72000" <barnes72000@> wrote:
> >
> > Hello, I am in the process of looking into the many ways to
access our
> > money when living there in the PI. Citibank US is good however
they
> > told me that I would have to keep $5,000 in checking and or
savings. The
> > Citibank in the PI (Ayala) told me when I was there in 2005 that
I
> > would have to keep $5,000 in their bank. This amount in both
banks was
> > to have free services. Things may have changed there in the Pi.
> > However, I called Citibank US this week and unless you use their
ATM
> > machines here and there you will have to pay a fee. You will have
to
> > pay a fee outside their system here (US) and a fee plus a % in
the PI.
> > $5,ooo in each bank plus PI cost could be expensive. Well, for
someone
> > like myself. As for now I plan to use SCFCU (South Carolina
Federal
> > Credit Union)and Wells Fargo. Why two, never put all your eggs in
one
> > basket. SCFCU will charge $10.00 for a money transfer (any
amount) and
> > no PI ATM fee for in system transactions. This is star and a
couple of
> > others. Wells Fargo will charge ATM fees in the PI. They will
make
> > money transfers for $5.00 regular accounts or $2.50 for special
(more
> > money) accounts. This transfer is $3,000 per day and $75,000 per
30
> > days. They will send money to BPI and you can walk in and pick it
up.
> > Also both give the option to invest in stocks and bonds. I plan
to use
> > the check method and for quick money the bank to bank transfers.
The
> > idea is easy access and to keep as much of your money as
possible.
> > Well, hope this will help. I will read all the replies just to
see if
> > there is a better way out there.
> > May you have a safe and easy move. Have fun.
> > Jack
> >
>