Hi Guys, With the limit on how much cash you can carry into Philli what's the best way to get money into the country for large amounts, say to buy a house for example. Western Union has limit nd crazy fees for large amount. Can you just do a bank transfer from a UK bank to a philli bank account?
Forget Western Union, period. A bank to bank electronic transfer would be the simplest and cheapest method and if you have an account with HSBC in the UK and your Philippine base is in or near Manila, Cebu or Davao, you can ask your branch to establish a Sterling account with HSBC Phils. You will then be able to transfer funds between the two accounts online yourself at little or no cost.
However you choose to do the transfer, I'd be quick if I were you, the £ is dropping like a stone........