Quote:
Originally Posted by Killah
Well there are western union and other similiar services like transwerwise(cheapest i have found but i use my Philipine bank account to get the money, though i think they have other options as well.)... Offcourse they cost some money to use... But way less than 15%(though i think even atms dont cost that much usually). And offcourse cryptos are very popular now.
Though if you gona spent rest of your life here, you should get ACR and able to open bank accout aswell.
My Bank recently teamed up with WU to provide a cheaper than normal transfer (5$ as opposed to the normal $15). I currently have a transaction in progress with WU that they claim normally takes 2-4 hours to process but it has been over a day already so I am not hopeful that it will go through.
I withdrew 5000 pesos from a ChinaBank ATM, I got the usual 250 peso atm fee from ChinaBank, plus the 5$ fee from my bank plus the exchange rate I got was 47.50, when google listed the exchange rate of around 50 pesos to one USD, that adds up to around 15%. Now granted, when I get money next time I will be withdrawing my max limit of $300 so my fees on that will be $22 for a 7% rate but that is still pretty harsh. Crypto? Does that even exist in AC? I have yet to see anything related to Crypto here. I would have to find someone to trade with and pay some sort of vig?
I went to every Bank branch in AC and not having an ACR is a non-starter. I was planning to only spend a month here, but it seems I may never be able to leave unless I bite the bullet and spend the $5000 to go home and waste 2 weeks in quarantine.