Banking - Philippines

In the major cities of the Philippines, major International credit card are generally widely accepted. However please note that there are some important tips that may save you a lot of money when to comes to exchanging cash. As the Philippines is still very much a developing nation, the US$ is the best currency to carry with you. Therefore, no matter where you are coming from, purchasing US$ before you leave your country of origin is strongly recommended. Generally, the exchange rates are more advantageous at money changers than at banks and they often vary considerably not only from one money changer to another but also among banks, as every bank is free to set its own rates. The Philippine National Bank and the Philippine Commercial and Industrial Bank have a reputation of giving the best rates among banks. However, these rates are generally still lower than rates of money changers. Changing money with money changers is also much faster than changing in banks because there are fewer formalities. But money changers do not issue Central Bank receipts which are required to change back an oversupply of pesos when leaving The Country. Money changers are uncommon in all other parts of the metropolis, and in the provinces. Money can therefore only be changed at the banks. ATMs are also widely available in the country. Some banks found in Philippines are listed below.

Abn Amro Bank, Manila
LKG Tower 6801 Ayala Avenue 1200 Makati City, Manila Philippines
(632) 884 2000
www.abnamroprivatebanking.com

Allied Banking Corporation, Manila
6754 Ayala Avenue corner Legaspi Street, Makati City P.O. Box 2906 MCC, Makati, Philippines (632) 818 7961 to 69
www.alliedbank.com.ph

American Express Bank, Manila
Ground Floor Pioneer House Building Paseo de Roxas corner dela Rosa Streets Makati City Philippines
(632) 830 2286 to 88

ANZ Grindlays Bank, Manila
23/F GT Tower International 6813 Ayala Avenue corner HV Dela Costa Street Makati City Philippines
T: (632) 818 8117
www.anz.com

Barclay Banks P.LC
4/F Dolmar Gold Tower Bldg., Makati City Philippines
(632) 815-92-91
www.barclays.co.uk

Chase Manhattan Bank N.A.
Corinthian Plaza, Paseo de Roxas Makati City Philippines
(632) 811-33-48
www.chase.com

ING Bank
21 Flr. Ayala Triangle Bldg., Makati City Philippines
(632) 840 8888 / 848 5191
www.ing.com