Expat Community > Philippines

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markgottawinner
Joined 2010
Posts: 54

V.A. Direct Deposit in Pesos, not Dollars.

12 years ago

The V.A. makes special requests to deposit disability pay in Philippine banks with pesos or dollars. Does anyone have specific information and experience with having their pay deposited as pesos? Tell me the advantages and disadvantages but only if you have or had pesos deposited. I'd like to know if the exchange payout is higher than 42 pesos per dollar or if its lower. Your experience in this matter would be greatly appreciated.

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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