How much money a foreigner can bring?

[lovekoto 3]

Hello guys, I need your help. I have a friend who needs to know how much money she could bring here in PI. She is thinking that she could bring money more than 10,000 USD. Does she need to declare that kind amount of money? What is the process? She is a bit worried.

Thanks in advanced.

Please share anyone who experienced the same way especially to those foreigners.

Edited March 8, 2011 by ilovedo

[Messybrownhair 251]

You are allowed to bring over 10,000 for as long as you declare it. And you cannot not declare it or else they might take it from you. We've done it before and all they asked was what it was for, and we said for my brother's wedding and they were like okay, whatever

[lovekoto 3]

@messybrownhair, it means she has to declare it and where? I mean during her travel here in PI? at the Customs here?

Thank you very much!

[Tim/Mav 305]

I might be wrong. I might be right. ? As I remember it my trip to the Philipphines and how much you can carry was like this. PI Pesos were limited to about 10,000.00 pesos. or about $ 227.00 USD at a Exchange rate of 44. However, you could carry as much UDS as you wanted under $10,000.00. Why you would carry that in cash makes you insane. But, thats the way I remember it approxiamately. So, Not trying to be a fool and carry alot of cash. Mav made all the arrangements and were paid for before I arrived and they were already paid for. Yes confusing. But, why carry USD or another currancy before your arrival in large quantities. Also, INFORM Your Bank ahead of time that these transactions will occur. Your bank will Stop Payment for reasons of Suspicious Activity if you don't let them know you are going to Travel. Thats all I remember.

[Tahoma 2,292]

Please let me know when your flight will arrive at NAIA. I'll have someone there to greet you.

[Richie Rich 70]

If you declare the $10,000 Us --make sure the Immigration in the Pi dont count it --you might end up being short by half

[Pinay Wife 47]

You need to declare the money with the Bureau of Customs Desk at the airport before you leave the Philippines and then you also need to declare it to the CBP officer when you arrive in the United States.

http://www.philippin...hilippines.html

BRINGING IN AND TAKING OUT OF FOREIGN CURRENCY IN EXCESS OF US$10,000.00

No permit is required from the Bangko Sentral ng Pilipinas to bring in to or to take out from the Philippines of foreign currencies. However, foreign currency in excess of US$10,000 carried by the traveler must be declared at the Bureau of Customs Desk in the airport. This is pursuant to the Anti-Money Laundering Act of 2001, which requires all money transactions involving amounts in excess of PhP400,000 to be reported to the Anti-Money Laundering Council (even if the transaction is done through the banks).

Travelers arriving in the Philippines must submit to the Bureau of Customs Desk in the airport Arrival Area a Declaration Form stating the amount (foreign currency in excess of $10,000.00) being brought in. The source of the money (e.g., personal income) must be stated.

Travelers departing the Philippines must submit to the Bureau of Customs Desk in the airport Departure Area a Declaration Form stating the amount (foreign currency in excess of $10,000.00) to be brought in or taken out of the Philippines. The source of the money (e.g., personal income) must be stated.

BRINGING IN AND TAKING OUT OF THE PHILIPPINES PHILIPPINE CURRENCY IN EXCESS OF PHP10,000

The taking in and bringing out of Philippines of Philippine currency in excess of PhP10,000 is strictly prohibited, and any need carry any currency in excess of the said amount must be given authorization by the Bangko Sentral ng Pilipinas (BSP) Cash Division.

http://www.cbp.gov/x.../kbyg/money.xml

Money and Other Monetary Instruments

(08/21/2009)You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $10,000, you will need to report it to CBP. Ask the CBP officer for the Currency Reporting Form (FinCen 105). The penalties for non-compliance can be severe.

"Money" means monetary instruments and includes U.S. or foreign coins currently in circulation, currency, travelers' checks in any form, money orders, and negotiable instruments or investment securities in bearer form.

[Messybrownhair 251]

Yup you HAVE to DECLARE it. In my case, we had payment stubs showing we needed to pay something (dues for the hotel reception, photographer etc.. it was for my brothers wedding) and so we presented it and had no problems. And we were travelling together (me and my mom)so technically we split it but we declared it anyway. Tell her to BE CAREFUL. And its not a good idea to do it alone. OR POST IT ON VJ.. haha..

[rheanick 42]

Hello guys, I need your help. I have a friend who needs to know how much money she could bring here in PI. She is thinking that she could bring money more than 10,000 USD. Does she need to declare that kind amount of money? What is the process? She is a bit worried.

Thanks in advanced.

Please share anyone who experienced the same way especially to those foreigners.

She has to declare it in her immigration paper. And not sure after that.

I wont suggest for your friend to bring that amount of money unless there is an emergency in the Philippines. Is she a filipina or a foreigner. Airport personnel are sometimes hesitant to ask money from foreigners. Hubby(USC) never experienced it. He was in and out alot in the philippines before.

[joyjohn 18]

well we all know .well should know.when u sit on that airplane and they hand you that little paper that says immigration declaration, do i check over 10,000.00 or not..will they search me hummmmmmmmmm i always check no and go on....

[Pinay Wife 47]

well we all know .well should know.when u sit on that airplane and they hand you that little paper that says immigration declaration, do i check over 10,000.00 or not..will they search me hummmmmmmmmm i always check no and go on....

Declaring "no" when you are carrying $10,000 is a great risk to take. Remember that ALL our bags go through x-ray. Customs can confiscate your money. Just check "yes" and be on your way.

[joyjohn 18]

Declaring "no" when you are carrying $10,000 is a great risk to take. Remember that ALL our bags go through x-ray. Customs can confiscate your money. Just check "yes" and be on your way.

well i wasnt saying that i did carry that amount........and if i did i surely wouldn't put it in a bag.. but many might, iam just saying its up too you to figure the risk!!!!! i personnly wouldn't carry that amount there so many other ways to get your money their...