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PNB (Philippines National Bank) Reviews Needed Please

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Happy Holidays everyone! :)

So I just found out that we have a PNB 8 minutes away from where I live. So I was so excited about opening an account with them and giving my mother in the Philippines access to the account so she can withdraw whenever she needs money. I literally have no idea about sending money aside from xoom since my mother doesn't really ask for anything, but I thought it would be nice to send her a little something every month or whenever I get my bonus checks.

Now my questions are:

1. Has anybody tried this set up and does PNB they even allow it? (I would appreciate any advice about this matter)

2. Are the exchange rates at least at par with what the remittance centers are offering or is it lower because they are a bank?

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I don't know about PNB personally, we have BDO but I do know I stopped using XOOM years ago and now use REMITLY as the exchange rate is better and there is NO fee for 3-day transfers. I deposit directly into our bank account.

I just asked my asawa, she said PNB is a very old bank, she called it a government bank, she said the government uses PNB . I would say it is a safe bank to use.


The Philippine National Bank is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Occupation.
VP: Constantino T. Yap (Head, Information Technology Group)
Founded: 1916, Manila
CEO: Reynaldo A. Maclang (May 28, 2014–)
CFO: Nelson C. Reyes (Head, Financial Management, Controllership Group)

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We use our Wells Fargo account to send directly to my wife's mothers account at BDO. Cost is $5 and the exchange rates are on par with other remittance company's. Money is available within minutes of sending. Doing it for 3 years and not one problem.


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Adjustment of Status

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Delivered March 8, 2014 AOS packaged delivered to USCIS drop box

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Green Card received July 17, 2014 GC received without interview

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Biometrics Appt. Jan 29, 2016 Biometrics Appointment Scheduled [Completed]

 

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We use our Wells Fargo account to send directly to my wife's mothers account at BDO. Cost is $5 and the exchange rates are on par with other remittance company's. Money is available within minutes of sending. Doing it for 3 years and not one problem.

That was one of my thing when looking for a spouse in the Philippines. I vowed I wouldn't marry a girl from a poor family, I have zero desire to be have to remit money on a constant basis. I made sure my wife family had at least a upper middle class lifestyle. I couldn't imagine having to remit money back to Philippines for the rest of my life or my wife sending money back.

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Thank you. I will look into Remitly. My mother has her own bank account but I thought it would be cheaper if I open a PNB account here and give her a full power of attorney in the Philippines so she can withdraw money during emergencies or whenever she needs it. We could avoid the fees. That's just what I thought, but it looks like there are other cheaper ways to do it.

I don't know about PNB personally, we have BDO but I do know I stopped using XOOM years ago and now use REMITLY as the exchange rate is better and there is NO fee for 3-day transfers. I deposit directly into our bank account.

I just asked my asawa, she said PNB is a very old bank, she called it a government bank, she said the government uses PNB . I would say it is a safe bank to use.


The Philippine National Bank is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Occupation.
VP: Constantino T. Yap (Head, Information Technology Group)
Founded: 1916, Manila
CEO: Reynaldo A. Maclang (May 28, 2014–)
CFO: Nelson C. Reyes (Head, Financial Management, Controllership Group)

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That was one of my thing when looking for a spouse in the Philippines. I vowed I wouldn't marry a girl from a poor family, I have zero desire to be have to remit money on a constant basis. I made sure my wife family had at least a upper middle class lifestyle. I couldn't imagine having to remit money back to Philippines for the rest of my life or my wife sending money back.

It gives me a great deal of satisfaction that I can share what wealth I have with my family whether they are, here in the USA or in the Philippines. The thought of them having a life that my wife's father would have continued to supply if he wasn't gunned down. In his day being a good man for him included serving his family as well as his community as a barangay capt.

You and I have very much different outlooks on life. Please in the future don't respond to my posts here on VJ as you and I have nothing in common that would require a comment from you.

Edited by Greenbaum

Spoiler

Adjustment of Status

AOS March 5, 2014 Submitted AOS with EAD/AP package to Chicago USICS

Delivered March 8, 2014 AOS packaged delivered to USCIS drop box

Accepted March 19, 2014 Text message with receipt numbers

Biometrics April 16, 2014 Biometrics completed

EAD May 23, 2014 Employment Authorization Document approved and went to card production

TD May 23, 2014 Travel Document approved and went for card production

Receipt EAD/AP May 30, 2014 Received combo card EAD/AP

Green Card Approved July 11, 2014 Approved, no interview. Went to card production.

Green Card received July 17, 2014 GC received without interview

Removal of Conditions

Mailed I-751 Dec 16, 2015 Submitted ROC (removal of conditions)

Received Dec 18, 2015 USPS notification of successful delivery

Check Cashed Dec 21, 2015 Check was cashed

NOA-1 Issued Dec 21, 2015 NOA-1 for ROC issued

NOA-1 Issued Dec 26, 2015 NOA-1 Received

Biometrics Appt. Jan 29, 2016 Biometrics Appointment Scheduled [Completed]

 

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