BPI Europe Ceases Remitting to Philippines
#31
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Joined: Jun 2014
Location: Philippines
Posts: 1,853
Re: BPI Europe Ceases Remitting to Philippines
Used Transferwise for the first time the other day. Quick and simple to use with no problems. Cheap transfer fees with good exchange rate.
Regards
Regards
#32
Just Joined
Joined: Sep 2019
Posts: 7
Re: BPI Europe Ceases Remitting to Philippines
Just open an account with Transferwise. ATM card available. Add what ever currencies you wish to use. You can then decide what currency to send out to another bank. Once set up, it is very easy to use. Just watch the ATM fees in PH, they can mount up because the card will be seen as a foreign card. I transfer direct into Metrobank which is almost immediate.
People advising to set up direct payment of pensions etc. direct to PH account beware of fluctuations in exchange rates. No control over them.
People advising to set up direct payment of pensions etc. direct to PH account beware of fluctuations in exchange rates. No control over them.
#33
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Joined: Nov 2012
Posts: 1,643
Re: BPI Europe Ceases Remitting to Philippines
well somethings are just not straightforward
I tried to transfer my balance from BPI to Transferwise I gave the sort code and account number etc and Transferwise bounced the payment back to BPI!! as I had not ''activated' my account with them. The activation process is to place funds in from one of their listed banks which does not include BPI!! As BPI was my ONLY UK bank I appear to be stuck unless any of you here managed to get funds directly transferred from BPI into transferwise?
thanks
I tried to transfer my balance from BPI to Transferwise I gave the sort code and account number etc and Transferwise bounced the payment back to BPI!! as I had not ''activated' my account with them. The activation process is to place funds in from one of their listed banks which does not include BPI!! As BPI was my ONLY UK bank I appear to be stuck unless any of you here managed to get funds directly transferred from BPI into transferwise?
thanks
Last edited by mikemike; Dec 26th 2019 at 6:48 am.
#34
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Thread Starter
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Re: BPI Europe Ceases Remitting to Philippines
well somethings are just not straightforward
I tried to transfer my balance from BPI to Transferwise I gave the sort code and account number etc and Transferwise bounced the payment back to BPI!! as I had not ''activated' my account with them. The activation process is to place funds in from one of their listed banks which does not include BPI!! As BPI was my ONLY UK bank I appear to be stuck unless any of you here managed to get funds directly transferred from BPI into transferwise?
thanks
I tried to transfer my balance from BPI to Transferwise I gave the sort code and account number etc and Transferwise bounced the payment back to BPI!! as I had not ''activated' my account with them. The activation process is to place funds in from one of their listed banks which does not include BPI!! As BPI was my ONLY UK bank I appear to be stuck unless any of you here managed to get funds directly transferred from BPI into transferwise?
thanks
Not sure if it is possible but open a PNB account here, get them to help opening one in London and then transfer the BPI balance when closing your account with them to the PNB account number in London and then transfer from there to here. A bit long winded, but the only way I could think of doing it. Apparently PNB have reasonably low transfer fees and are also quite good on the exchange rates, I checked the other day and Forex mid rate was 66.31 and PNB was 66.30 GBP>Ph.
Last edited by Stokkevn; Dec 26th 2019 at 9:58 am. Reason: Rubbish grammer
#35
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Joined: Nov 2012
Posts: 1,643
Re: BPI Europe Ceases Remitting to Philippines
PNB have the same services that BPI have just closed and they have two offices in London.
Not sure if it is possible but open a PNB account here, get them to help opening one in London and then transfer the BPI balance when closing your account with them to the PNB account number in London and then transfer from there to here. A bit long winded, but the only way I could think of doing it. Apparently PNB have reasonably low transfer fees and are also quite good on the exchange rates, I checked the other day and Forex mid rate was 66.31 and PNB was 66.30 GBP>Ph.
Not sure if it is possible but open a PNB account here, get them to help opening one in London and then transfer the BPI balance when closing your account with them to the PNB account number in London and then transfer from there to here. A bit long winded, but the only way I could think of doing it. Apparently PNB have reasonably low transfer fees and are also quite good on the exchange rates, I checked the other day and Forex mid rate was 66.31 and PNB was 66.30 GBP>Ph.
transferwise have thrown my confidence in them when they told me the sort code and account number given are in effect dummy numbers!!!
#36
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Joined: Feb 2014
Location: Marikina Philippines
Posts: 885
Re: BPI Europe Ceases Remitting to Philippines
mike mike Have you had any direct communication with Transferwise?
#37
Just Joined
Joined: Dec 2019
Location: La Union
Posts: 1
Re: BPI Europe Ceases Remitting to Philippines
Hi Guys, new member, im also a BPI Earls Court victim - my only UK Bank Account was BPI. My Pensions (Military and War ) are stuck there. I have no UK address ect, and my status here is as a tourist (been here 13 years +) and have been told unofficially i cannot open an account in the PI... any advice would be of great value - tried emailing Transferwise but they didn't seem to be very helpful. Needless to say everything is closed till Jan 2020 so its fish heads and rice diet at the mo ...Ive emailed "Jeremy BPI Earls Court" who isnt the most helpful guy at christmas.
Last edited by vmax42; Dec 27th 2019 at 1:42 pm.
#38
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Joined: Nov 2012
Posts: 1,643
Re: BPI Europe Ceases Remitting to Philippines
Yes just responded yet again. This time I sent them screen shots of each step they instructed. I get the feeling the outcome will show that the step is different to that which they have given me
As for issuing dummy sort code and account number ...there is no excuse
I will probably just instruct direct payment for now (Western union exchange rates!!)and cut transferwise out of the loop whilst starting the process with PNB
As for issuing dummy sort code and account number ...there is no excuse
I will probably just instruct direct payment for now (Western union exchange rates!!)and cut transferwise out of the loop whilst starting the process with PNB
#39
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Thread Starter
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Re: BPI Europe Ceases Remitting to Philippines
Yes just responded yet again. This time I sent them screen shots of each step they instructed. I get the feeling the outcome will show that the step is different to that which they have given me
As for issuing dummy sort code and account number ...there is no excuse
I will probably just instruct direct payment for now (Western union exchange rates!!)and cut transferwise out of the loop whilst starting the process with PNB
As for issuing dummy sort code and account number ...there is no excuse
I will probably just instruct direct payment for now (Western union exchange rates!!)and cut transferwise out of the loop whilst starting the process with PNB
#40
Just Joined
Joined: Sep 2019
Posts: 7
Re: BPI Europe Ceases Remitting to Philippines
Have you tried to use a bank card to transfer funds into Transferwise to activate the account. I never used bank transfer and always used a debit card to place funds.
#41
Re: BPI Europe Ceases Remitting to Philippines
Yes just responded yet again. This time I sent them screen shots of each step they instructed. I get the feeling the outcome will show that the step is different to that which they have given me
As for issuing dummy sort code and account number ...there is no excuse
I will probably just instruct direct payment for now (Western union exchange rates!!)and cut transferwise out of the loop whilst starting the process with PNB
As for issuing dummy sort code and account number ...there is no excuse
I will probably just instruct direct payment for now (Western union exchange rates!!)and cut transferwise out of the loop whilst starting the process with PNB
#42
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Joined: Nov 2012
Posts: 1,643
Re: BPI Europe Ceases Remitting to Philippines
Transfer wise gave me an account number and sort code which when BPI paid into it bounced the funds back to BPI.
BPI were my ONLY uk bank account and they are not seen as acceptable to Transferwise for the purpose of transferring funds in
Any it is resolved Transferwise are getting the Boot and my funds will be sent direct no fees charged just using western union rates.
Next week the boss and I will open an account with PNB once satisfying myself that they can accept stock broker funds
Perhaps one advantage of Brexit will be that expats can open UK based stock broker accounts and trade without prejudice!!
BPI were my ONLY uk bank account and they are not seen as acceptable to Transferwise for the purpose of transferring funds in
Any it is resolved Transferwise are getting the Boot and my funds will be sent direct no fees charged just using western union rates.
Next week the boss and I will open an account with PNB once satisfying myself that they can accept stock broker funds
Perhaps one advantage of Brexit will be that expats can open UK based stock broker accounts and trade without prejudice!!
#43
Re: BPI Europe Ceases Remitting to Philippines
Transfer wise gave me an account number and sort code which when BPI paid into it bounced the funds back to BPI.
BPI were my ONLY uk bank account and they are not seen as acceptable to Transferwise for the purpose of transferring funds in
Any it is resolved Transferwise are getting the Boot and my funds will be sent direct no fees charged just using western union rates.
Next week the boss and I will open an account with PNB once satisfying myself that they can accept stock broker funds
Perhaps one advantage of Brexit will be that expats can open UK based stock broker accounts and trade without prejudice!!
BPI were my ONLY uk bank account and they are not seen as acceptable to Transferwise for the purpose of transferring funds in
Any it is resolved Transferwise are getting the Boot and my funds will be sent direct no fees charged just using western union rates.
Next week the boss and I will open an account with PNB once satisfying myself that they can accept stock broker funds
Perhaps one advantage of Brexit will be that expats can open UK based stock broker accounts and trade without prejudice!!
#44
BE Forum Addict
Joined: Nov 2012
Posts: 1,643
Re: BPI Europe Ceases Remitting to Philippines
we are not using western union we just get their rates The trustees advised they do not charge for the transfer so they will make in shaving the rates with WU
anyway quick update on Transferwise they have gone silent when faced with clear evidence they did NOT get a third party transaction which was rejected by them....they are looking into it
anyway quick update on Transferwise they have gone silent when faced with clear evidence they did NOT get a third party transaction which was rejected by them....they are looking into it
#45
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Thread Starter
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Re: BPI Europe Ceases Remitting to Philippines
Any feedback on ability to open a UK bank account from here via a local branch would be grateful. If that is what you are doing.