Go Back  British Expats > Living & Moving Abroad > Far East and Asia > Philippines
Reload this Page >

BPI Europe Ceases Remitting to Philippines

BPI Europe Ceases Remitting to Philippines

Old Nov 21st 2019, 1:29 pm
  #31  
BE Forum Addict
 
Joined: Jun 2014
Location: Philippines
Posts: 1,856
Philosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond reputePhilosophical 11 has a reputation beyond repute
Default 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
Philosophical 11 is offline  
Old Nov 25th 2019, 11:38 pm
  #32  
Just Joined
 
Joined: Sep 2019
Posts: 7
FreeToChat is an unknown quantity at this point
Default 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.
FreeToChat is offline  
Old Dec 25th 2019, 6:46 pm
  #33  
BE Forum Addict
 
Joined: Nov 2012
Posts: 1,643
mikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond repute
Default 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

Last edited by mikemike; Dec 25th 2019 at 6:48 pm.
mikemike is offline  
Old Dec 25th 2019, 9:57 pm
  #34  
BE Forum Addict
Thread Starter
 
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Stokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond repute
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by mikemike
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
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.

Last edited by Stokkevn; Dec 25th 2019 at 9:58 pm. Reason: Rubbish grammer
Stokkevn is offline  
Old Dec 26th 2019, 6:53 pm
  #35  
BE Forum Addict
 
Joined: Nov 2012
Posts: 1,643
mikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond repute
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by Stokkevn
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.
Thanks i will take a look

transferwise have thrown my confidence in them when they told me the sort code and account number given are in effect dummy numbers!!!
mikemike is offline  
Old Dec 26th 2019, 8:00 pm
  #36  
BE Enthusiast
 
Joined: Feb 2014
Location: Marikina Philippines
Posts: 896
Bealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond reputeBealinehx has a reputation beyond repute
Default Re: BPI Europe Ceases Remitting to Philippines

mike mike Have you had any direct communication with Transferwise?
Bealinehx is offline  
Old Dec 27th 2019, 1:39 am
  #37  
Just Joined
 
Joined: Dec 2019
Location: La Union
Posts: 1
vmax42 is an unknown quantity at this point
Default 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 am.
vmax42 is offline  
Old Dec 27th 2019, 7:26 pm
  #38  
BE Forum Addict
 
Joined: Nov 2012
Posts: 1,643
mikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond repute
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by Bealinehx
mike mike Have you had any direct communication with Transferwise?
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
mikemike is offline  
Old Dec 27th 2019, 8:20 pm
  #39  
BE Forum Addict
Thread Starter
 
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Stokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond repute
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by mikemike
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
A friend of mine uses Torfx for his transfers, he recons better than Transferwise, I have never used it so it is only hearsay.
Stokkevn is offline  
Old Dec 28th 2019, 9:01 pm
  #40  
Just Joined
 
Joined: Sep 2019
Posts: 7
FreeToChat is an unknown quantity at this point
Default 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.
FreeToChat is offline  
Old Dec 29th 2019, 10:53 pm
  #41  
Forum Regular
 
David Mashael's Avatar
 
Joined: May 2016
Location: Davao
Posts: 260
David Mashael is an unknown quantity at this point
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by mikemike
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
Very strange Mike. I have used TransferWise numerous times, it's so easy to use. I've transferred £ from UK and $ from UAE. Really not sure what you mean by dummy sort code and account number??
David Mashael is offline  
Old Dec 30th 2019, 6:15 pm
  #42  
BE Forum Addict
 
Joined: Nov 2012
Posts: 1,643
mikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond repute
Default 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!!
mikemike is offline  
Old Jan 3rd 2020, 10:58 pm
  #43  
Forum Regular
 
David Mashael's Avatar
 
Joined: May 2016
Location: Davao
Posts: 260
David Mashael is an unknown quantity at this point
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by mikemike
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!!
Glad to hear that you have found a solution, but Western Union always in my experience gave lousy exchange rates and their charges were exorbitantly high.
David Mashael is offline  
Old Jan 4th 2020, 6:07 pm
  #44  
BE Forum Addict
 
Joined: Nov 2012
Posts: 1,643
mikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond reputemikemike has a reputation beyond repute
Default 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
mikemike is offline  
Old Jan 5th 2020, 2:21 am
  #45  
BE Forum Addict
Thread Starter
 
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Stokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond reputeStokkevn has a reputation beyond repute
Default Re: BPI Europe Ceases Remitting to Philippines

Originally Posted by mikemike
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!!
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.
Stokkevn is offline  

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.