how much money can i bring in and out of the philippines?

Question

whether its us dollars, euro or any other currency..

Answer 1

Hahaha, $10,000 is a very wrong answer. You are in fact allowed to carry $3,000 usd on your person at time of entry, However there are no set limits on the amount of money you can bring into the country as long as you declare the amount to the customs officer and the money is in the form of a cashiers check or bank draft. If entering with more than $3,000 usd you will be required to proceed from customs to an aproved bank to open an account and deposit the money (Its for your safety)

PROOF CAN BE FOUND ON THE INTERNET
http://www.filipino.com/sfdot/geninfo/geninfo2.htm

CUSTOMS REGULATIONS
To facilitate customs examination, visitors are advised to fill in the Baggage and Currency Declaration Form before disembarking. Visitors are allowed to bring in the following articles duty-free: reasonable quantity of clothes, jewelry and toiletries, 400 sticks of cigarettes or two tins of tobacco and two bottles of wine or spirits of not more than one liter each.


CURRENCY REGULATIONS
Visitors carrying more than US$3,000 are requested to declare the amount at the Central Bank of the Philippines counter situated at the customs area. Foreign currency taken out upon departure must not exceed the amount brought in. Keep all exchange receipts for record purposes. Departing passengers may not bring out more than P1,000 in local currency.


BUSINESS & BANKING HOURS
Private and government offices are open either from 8a.m. to 5p.m. or from 9a.m. to 6p.m., Mondays to Fridays. Some private companies hold office on Saturdays from 9 a.m. to 12 noon. Most shopping centers, department stores and supermarkets open from 10a.m. to 8p.m. daily. Banks are open from 9 a.m. to 3 p.m., Mondays to Fridays.


CREDIT CARDS
International credit cards such as Visa, Diners Club, BankAmericard, MasterCharge and American Express are accepted in major establishments.

Answer 2

Well in cash I suggest not bringing more than $10,000USD. For a trip with your kids with no hotel and just a stay in Baguio somewhere around $2,000 should suffice and you will have some left. My suggestion is to get a bank account with CitiBank. I dropped BOA because of the ATM fees. Citibank only charges 3%...period! (If you withdraw from a CitiBank ATM, which are everywhere in the Philippines!!). Any other bank in the USA will have you charged 3% + $5 for every ATM transaction. The exchange rate won't be too bad at an ATM either, within .5 to 1P off from current market exchange rate. It's better to be robbed with a little money in your pocket than to be robbed of everything. Find an international currency exchange in your area and exchange about $40 USD for whatever they will give you in PHP. This way you will have some money for taxi and food after you get off the plane. Exchange your money at the SM Department Store, from what I hear, the airport currency exchanges are a ripoff.

Answer 3

You can bring in and out any amount, as long as you declare it properly.

People get into trouble only because they sneak in/out money when all they have to do is declare it. Otherwise, you will be seen or accused as a money launderer.

The Customs forms specify the amounts you can bring in and/or out without a need for declaration.

Answer 4

You can bring in an out as much a you want. Anything over the equivalent of USD 10,000 must be declared.

Answer 5

Last time, it was 10,000 pesos, or its equivalent.
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Whoops! It's supposed to be US dollars, not pesos.

Answer 6

$10,000.00 u.s. or its equivalent.**

Answer 7

no more than $10,000.00.