Malaking pera from pinas to AUD

vhoythoy

Kung may malaking pera kayo sa pinas (i.e. 1 million pesos +), paano ginawa nyo para madala sa Australia?

TasBurrfoot

<blockquote rel="vhoythoy">Kung may malaking pera kayo sa pinas (i.e. 1 million pesos +), paano ginawa nyo para madala sa Australia?</blockquote>

Normally sa bank yan - there are black markets out there supposedly who can give you a better rate than the banks.

Worst case, sa banks ka - you need documentation for source of money though.

JCsantos

will have the currency exchanged to AUD then stuff it in the bag before leaving PH to AU 🙂

wizz

<blockquote rel="vhoythoy">Kung may malaking pera kayo sa pinas (i.e. 1 million pesos +), paano ginawa nyo para madala sa Australia?</blockquote>

#firstworldproblems #richkidproblems hahahaha!

wizardofOz

Saan ba pwede magpapalit ng PHP to AUD sa Pinas?

Parang bihira ata sa mga banks sa Pinas ang may AUD notes.. lalo na kung equivalent to around 30K AUD ang ipapalit mo...

@vhoytoy, safest way talaga is bank-to-bank wire transfer...

pero kung matatalo ka sa wire transfer charges and exchange rate ng PHP to AUD, I suggest ipa-palit mo na lang sa bank from PHP to USD yung pera mo, then pagdating mo sa Oz, saka mo na lang ipapalit from USD to AUD.. ingat na lang sa pag handcarry nung USD, around 22K rin yung equivalent ng 1M PHP..

Another option is.. pagawa ka ng USD na Traveler's Check.. yan mas safe pa yan kesa dalhin mo yung USD na notes...

vhoythoy

Just in case plang naman. Coz, im selling my condo and may isang willing to pay spot cash. Its discounted price but i think makakabawi ako dahil malakas piso ngaun. But still wondering paano nga ba. May 2 banks acct nman ako sa australia d nga lang fully activated. Madali kasi kung pera dito sa sg to au. Most probably will talk to bank manager for best way. Kung sa palitan ngaun atleast aud50k cguro. Kung magbitbit ng cash baka madelikado haha. Pero for sure may docs kami like notarised deed of sale if ever. Managers check, bank draft, wire transfer still dont know. Curious lang ako paano ung iba na may malaking pera talaga na dinala.

vhoythoy

<blockquote rel="wizardofOz">Saan ba pwede magpapalit ng PHP to AUD sa Pinas?

Parang bihira ata sa mga banks sa Pinas ang may AUD notes.. lalo na kung equivalent to around 30K AUD ang ipapalit mo...

@vhoytoy, safest way talaga is bank-to-bank wire transfer...

Another option is.. pagawa ka ng USD na Traveler's Check.. yan mas safe pa yan kesa dalhin mo yung USD na notes...</blockquote>

Di kaya malugi kung dadaan pa usd? Ilagay ko nlang kaya sa gym bag tapos mag maskara nalang ako hahaha

wizardofOz

@vhoythoy parang parehas lang naman kahit idaan mo sa USD.. pag pinapalit mo yung USd to AUD, mas lalaki pa rin yun dahil mahina ang AUD ngayon

goreo

@vhoythoy pagkakaalam ko may limit din ang cash on hand na pwedeng ilabas from pinas thru airport..10K din ata.. narinig ko lang to..di ako sure.. if ever na may ganyan din kami kalaki pera baka ipa-wire na lang..

kremitz

hmm try mo kaya iremit. parang 9900 aud max per transaction. so mga 5 transactions gawin mo. then transfer mo s au acct mo. eto details nila. C catherine Menor kausap ko dati jan when I sent money from Pinas to au. though im not sure pano if dipa activated au acct mo. I think pwede naman personally iclaim sa iremit office sa oz.

iRemit, Incorporated

26th Flr. Discovery Center, 25 ADB Avenue, Ortigas Center, Pasig City 1605 Philippines

Tel. No. +63.2 706.9999 local 116 / Fax No. +63.2 706.2769

Mobile no. +63.917.830.2851

TasBurrfoot

<blockquote rel="kremitz">hmm try mo kaya iremit. parang 9900 aud max per transaction. so mga 5 transactions gawin mo. then transfer mo s au acct mo. eto details nila. C catherine Menor kausap ko dati jan when I sent money from Pinas to au. though im not sure pano if dipa activated au acct mo. I think pwede naman personally iclaim sa iremit office sa oz.

<b>iRemit, Incorporated

26th Flr. Discovery Center, 25 ADB Avenue, Ortigas Center, Pasig City 1605 Philippines

Tel. No. +63.2 706.9999 local 116 / Fax No. +63.2 706.2769

Mobile no. +63.917.830.2851</b></blockquote>

Thank you, I will take note of this...

vhoythoy

Kapag nagreremit kasi ako sa lucky plaza dala ko pera. Jan ba sa iremit pinas pwede wire transfer? Kasi ung bdo namin is 50k pesos a day withdrawal limit so kung 9999 per transactions aud baka 7-8 days ka magwiwithdraw. Or pwede naman at palakihin withdrwal tumawag sa bank. Ano ginawa mo kremitz?

gernaez

@wizardofOz kami sa czarina kami bumibili ng AUD.. pero you have to call para magpareserve, 3 days before you pick-up the money.. ganun ginagawa ng company namin kapag may pupunta din ng au for training or small scale projects..

TasBurrfoot

<blockquote rel="wizardofOz">@vhoythoy parang parehas lang naman kahit idaan mo sa USD.. pag pinapalit mo yung USd to AUD, mas lalaki pa rin yun dahil mahina ang AUD ngayon

</blockquote>

My 2 cents @wizardofOz - everytime you do an FX, you immediately lose 1.5% of the fair value of your money as a result of what they call FX spread.

So to put it in perspective, you would lose approximately 3% of your 1M when you Sell PHP, Buy USD then Sell USD, Buy AUD - this is Php30K or mga approximately $900 AUD - sayang din! 🙂

vhoythoy

Plus meron kasi yan buy/sell rate para kumita ung banks/ forex money changer. Medyo lugi ka kasi laging sell rate bigay sau unless makatiming ka ng magandang rate or bigyan ka or pagpalit mo ng another currency favourable rates ulit

kremitz

@vhoythoy umm bpi kasi yung savings acct namen so ginawa ko pumunta ako bpi then nag over the counter ako deposit sa iremit account.parang nitransfer lang nila from my acct to iremit's acct. para hindi nako magbitbit ng pera or mag withdraw everyday from my acct. from what account po ba manggaling yung funds if ever? parang meron panaman ibang bank account ang iremit. mas makakamura kasi sa iremit compared sa banks eh.

kremitz

alam ko may bdo acct din ang iremit @vhoythoy.

vhoythoy

Paano process nyan. Magremit ka 9999 aud sa iremit sa acct mo. Tapos instruct ka ng iremit na deposit ka muna sa acct nila ng ganitong amt xxx in pesos. Then pakita mo ung deposit slip. Tapos saka nila send sa acct mo sa aus kapag pumasok na sa acct nila? By phone/personal ba to? Parang ganito kasi sa pay2homes online nga lang mas convenient and sarado na agad ung exchange rate

JCsantos

<blockquote rel="TasBurrfoot"><blockquote rel="wizardofOz">@vhoythoy parang parehas lang naman kahit idaan mo sa USD.. pag pinapalit mo yung USd to AUD, mas lalaki pa rin yun dahil mahina ang AUD ngayon

</blockquote>

My 2 cents @wizardofOz - everytime you do an FX, you immediately lose 1.5% of the fair value of your money as a result of what they call FX spread.

So to put it in perspective, you would lose approximately 3% of your 1M when you Sell PHP, Buy USD then Sell USD, Buy AUD - this is Php30K or mga approximately $900 AUD - sayang din! 🙂</blockquote>

I agree with this.. it is really a bad idea to convert your money to USD then AUD ... lalo na ngayon mababa ang value ng AUD .... talo na ka na exchange rate talo ka pa sa FEEs

wizardofOz

Best option pa din is to convert your money directly to AUD, but if AUD notes are not that readily available from where you are, good alternative, and probably the safest, pa din is to transfer money via wire..

For instance in my bank in Bangkok, the charge is only 300 Baht (_USD10 equivalent) per transaction up to 50,000 USD equivalent of any currency per day.

Then my receiving bank in Oz, which is NAB, only charges AUD10 for any incoming wire transaction.. Basically, 50K USD could move in less than USD20 fee.

Of course there would always be forex losses, that’s how banks make money.