Bringing Currency into the Philippines - Embassy of the Philippines in Singapore (2024)

FAQs

How much PHP can you bring into Philippines? ›

A person may bring into (import) or take out of (export) the Philippines, either physically or by electronical transfer, legal tender Philippine currency of an amount not exceeding PHP 50,000 (fifty thousand pesos, Philippine currency) without prior authorization from the Bangko Sentral ng Pilipinas.

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.

Currency Regulations

The transportation of foreign currency or monetary instruments is legal. However, the carrying of foreign currency in excess of US$10,000.00 or its equivalent in other foreign currencies must be declared to a Customs Officer or the Bangko Sentral ng Pilipinas.

It's easy to send money from the United States and receive money in the Philippines with MoneyGram. Use your Visa or Mastercard debit card to send to a bank account, debit card, mobile wallet, for cash pickup in the Philippines at thousands of places where you see the MoneyGram sign.

Members of a family dwelling in the same home who enter the United States on a joint or family declaration must report on their Customs Declaration Form if they carry money or monetary instruments totalling more than $10,000. Individual members carrying more than $10,000 must then complete a Members FinCEN Form 105.

(1) A single transaction involving an amount in excess of Four million Philippine pesos (Php4,000,000.00) or an equivalent amount in foreign currency based on the prevailing exchange rate where the client is not properly identified and/or the amount is not commensurate with his business or financial capacity.

Residents and Non-residents: local currency (Philippine Peso-PHP): up to PHP 10,000. -. Exceeding amounts require an authorisation from the Central Bank of the Philippines. foreign currencies : up to USD 10,000.

CUSTOMS DECLARATION

All arriving travellers must accomplish a Customs Baggage Declaration Form (CBDF) which will be submitted to the assigned Customs Officer at the customs arrival area for clearance. Arriving passengers are required to declare all goods carried/brought, indicating the quantity and value.

If you are entering or leaving Singapore carrying a total value of Physical Currency and Bearer Negotiable Instruments (CBNI)* exceeding S$20,000 (or its equivalent in a foreign currency), you are required by law to submit a full and accurate report to the Singapore Police Force.

The criminal consequences of failing to report cash are severe. Failing to make a report or making an inaccurate report by omitting or misstating a material fact in a report includes not only forfeiture of the money, but a fine ranging from $250,000 to $500,000 and jail time from 5 to 10 years.

How much money can you bring to Singapore without declaring? ›

SINGAPORE: All travellers entering or leaving Singapore with more than S$20,000 (US$14,700) in cash must declare them online from May 13. Those carrying over S$20,000 of bearable negotiable instruments – such as traveller's cheques, money orders and postal orders – will also have to declare them.

Any excess amount not covered by specific written BSP authorization is subject to confiscation by the Philippine Bureau of Customs. A person may carry up to the amount of USD 10,000 (or equivalent in any other foreign currency), in cash or other monetary instruments, into and out of the Philippines.

12 k pesos a day should be more than enough. Variables to consider are guided tours and transportation which can easily eat a chunk of your daily expenses. Also drinking and going to bars ( if you're into it ) can make a sizeable dent . Otherwise you're all set !

A person may freely bring into or take out of the Philippines foreign currency and other bearer monetary instruments (e.g., travelers' checks, other checks, drafts, notes, money orders, bonds) in amounts up to USD10,000 or its equivalent in other foreign currencies.

How much should I bring to Manila? As per Philippine law, you're allowed to bring $10,000 into the Philippines.

The extent varies as follows: (a) Regular Filipino Travelers and Foreign Individual Travelers are entitled to a tax-exempt maximum purchase of USD 1,000. Purchase must be made within 48 hours upon arrival.