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

Transfer large sums to philippines?

Transfer large sums to philippines?

Old May 3rd 2023, 7:15 pm
  #16  
BE Enthusiast
 
Joined: Aug 2015
Location: Penang
Posts: 959
SushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond reputeSushiFan has a reputation beyond repute
Default Re: Transfer large sums to philippines?

Originally Posted by Lenboy
So my question is how do you send large sums of money from the UK to the Philippines, its seems to me that £25,000 seems to be the limit per day from uk bank.
But what if I am buying a house and its over £200,000 for example? I have no Philippines bank account.
Is it a rule to pay the 200 k in one shot? If the seller allows you could pay in eight daily installments of 25 k.
SushiFan is offline  
Old May 3rd 2023, 7:36 pm
  #17  
Just Joined
Thread Starter
 
Joined: Feb 2023
Location: Norfolk. Uk
Posts: 13
Lenboy is an unknown quantity at this point
Default Re: Transfer large sums to philippines?

Originally Posted by SushiFan
Is it a rule to pay the 200 k in one shot? If the seller allows you could pay in eight daily installments of 25 k.
yes I was thinking that myself. Thanks for your time
Regards len
Lenboy is offline  
Old May 4th 2023, 1:29 am
  #18  
 
Pulaski's Avatar
 
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,500
Pulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond repute
Default Re: Transfer large sums to philippines?

Originally Posted by SushiFan
Is it a rule to pay the 200 k in one shot? If the seller allows you could pay in eight daily installments of 25 k.
Originally Posted by Lenboy
yes I was thinking that myself. Thanks for your time
Regards len
By sending multiple smaller amounts in rapid succession there is a fair chance that you will be reported for suspicious activity either by the sending bank, or another bank involved in making the transfer. Even if you don't use a bank, banks are still usually involved in moving the money.
Pulaski is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


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.