Author Topic: Wire Transfer Question (Read 794 times)

superjan · « **on:** Jul 06, 2012, 04:18 PM »

hi guys, i just have a question about wire transfer.. im a blogger and earning thousands of
dollars online every month, i use wire transfer to get my payments from the US..

Few days ago when i went to BANK OF COMMERCE to receive the wire transfer, they ask who
is sending the wire transfer every month, sabi ko yung employer ko sa US..

Then tinanong kung how do i earn those money, sabi ko i work online tapos pinapadala yung bayas thru wire... Ngayon hinihingan ako ng receipt nung payment or proof of payment na hindi ko naman maibibigay kasi wala naman ganun...

Ang tanong ko hindi ba nila alam kung sino nagpapadala ng pera sa kanila.. eh pano naman yung mga OFW Na nagpapadala ng pera, hinihingan din ba ng proof of payments yung mga nagrerecieve ng pera sa Pilipinas..

thanks sa mga magrereply..

ferrariEverest · « **Reply #1 on:** Jul 06, 2012, 07:33 PM »

why not use paypal? bawal ba paypal?
baka chismoso lang yung nagtanong

george88 · « **Reply #2 on:** Jul 06, 2012, 08:08 PM »

apply ka na lang EON account...

Baka kasi regarding sa AMLA yan so para iwas hassle EON na lang...

Prospera · « **Reply #3 on:** Jul 06, 2012, 08:18 PM »

@superjan: Is this the first time this happened? Have you been receiving wire transfers on a regular basis without any problems previously? How much money are we talking about here, btw?

If it's in excess of the limit (parang 500 k PHP yata per day?), this might have something to do with the stricter anti-money laundering measures that banks are now supposed to implement . Maybe that's why they're inquiring into the source of your funds?

cloudduster · « **Reply #4 on:** Jul 06, 2012, 08:42 PM »

OP says thousands of dollars a month. Probably due to the money laundering guidelines. Naku! Baka ma BIR ka yan

EngrjEEpoy · « **Reply #5 on:** Jul 06, 2012, 08:56 PM »

Baka naman sobrang laki na talaga ng pinapadala sa'yo kaya medjo kaduda-duda na.
Few months back e nagpapawire transfer rin ako sa BPI around 3k monthly nga lang pero wala naman silang hinihingi na proof of payment gaya ng sa'yo. Di kaya kanya-kanyang trip lang yan depende sa bangko?

freefront · « **Reply #6 on:** Jul 07, 2012, 03:16 AM »

^Nakakasura yung ganyan. Na para namang hindi kayang gawan ng paraan kung may ginagawa talagang katarantaduhan. Mas malamang yung mga naglalaba ng pera ang may mga nakahandang mga supporting docs. Yung mga legit, puro inis at kaba at abala na lang.

Minsan, familiarity na rin lang sa mukha mo. Magsasawa din ang mga taga-bank if you do the same business often enough.

superjan · « **Reply #7 on:** Jul 07, 2012, 12:33 PM »

Quote from: ferrariEverest on Jul 06, 2012, 07:33 PM

why not use paypal? bawal ba paypal?
baka chismoso lang yung nagtanong

oo pwede naman ehe.. wala bang limit paypal sa Philippines? Sa ibang country meron yata..

Post Merge: Jul 07, 2012, 12:35 PM

Quote from: Prospera on Jul 06, 2012, 08:18 PM

@superjan: Is this the first time this happened? Have you been receiving wire transfers on a regular basis without any problems previously? How much money are we talking about here, btw?

If it's in excess of the limit (parang 500 k PHP yata per day?), this might have something to do with the stricter anti-money laundering measures that banks are now supposed to implement . Maybe that's why they're inquiring into the source of your funds?

yeah every months di naman sya fixed amount, hanggang 7k dollars pa lang naman ang highest so far lols.. yeah first time, nung medyo lumaki na sya..

Post Merge: Jul 07, 2012, 12:39 PM

Quote from: cloudduster on Jul 06, 2012, 08:42 PM

OP says thousands of dollars a month. Probably due to the money laundering guidelines. Naku! Baka ma BIR ka yan

ehe, natax na sila sa US diba double taxation na yun kapag pinakialaman pa ng BIR...

Quote from: george88 on Jul 06, 2012, 08:08 PM

apply ka na lang EON account...

Baka kasi regarding sa AMLA yan so para iwas hassle EON na lang...

meron ako eon ng union bank pinangverify ko ng paypal ehe, pwede ba pang wire transfer yun?

Thank you guys..

pmtmember · « **Reply #8 on:** Jul 28, 2012, 10:51 PM »

ask mo nlang yong employer mo to have your pay tru paypal o d kaya mag open ka nlang ng 'kabayan' account sa BDO (not sure about the name). D kaya western union

freeman12 · « **Reply #9 on:** Jul 28, 2012, 11:02 PM »

Quote from: superjan on Jul 06, 2012, 04:18 PM

hi guys, i just have a question about wire transfer.. im a blogger and earning thousands of
dollars online every month, i use wire transfer to get my payments from the US..

Few days ago when i went to BANK OF COMMERCE to receive the wire transfer, they ask who
is sending the wire transfer every month, sabi ko yung employer ko sa US..

Then tinanong kung how do i earn those money, sabi ko i work online tapos pinapadala yung bayas thru wire... Ngayon hinihingan ako ng receipt nung payment or proof of payment na hindi ko naman maibibigay kasi wala naman ganun...

Ang tanong ko hindi ba nila alam kung sino nagpapadala ng pera sa kanila.. eh pano naman yung mga OFW Na nagpapadala ng pera, hinihingan din ba ng proof of payments yung mga nagrerecieve ng pera sa Pilipinas..

thanks sa mga magrereply..

Bro if the your transaction exceeds the amount P500,000 or equivalent in any currency, subject for investigation yan under "The Anti-Money Laundering Act of 2001".

just for precaution, i think you better get a lawyer as soon as possible. Especially if the BIR already knew about it, di ka tatantanan ng mga yan, and pwede ka nilang kasuhan for tax evasion.

naya · « **Reply #10 on:** Jul 29, 2012, 09:35 AM »

Two other options for money transfer from the U.S. ay Wells Fargo Express Send and Xoom. In both services, your employer can send money to you online from his/her account.

Express Send's maximum money transfer limit is US$3,000 per day while Xoom's limit is US$2,999 per month.

You can receive above money transfers in US$ or pesos over the counter at their partner banks and remittance agents, or through deposits to your bank account.

part_timer_lang · « **Reply #11 on:** Jul 29, 2012, 12:30 PM »

If mas sanay ka sa wire transfer, di ba pwedeng ibat ibang bank accounts sa ibat ibang banks ang gamitin mo? Baka lang pwede

MacDelta · « **Reply #12 on:** Jul 29, 2012, 01:29 PM »

as a depositor and a citizen that demands your right and I guess you have the right to ask them back why they are asking such questions and you demand a valid explanation as well, in a diplomatic way lng

The anti money laundering law that I know of is when you withdraw 500K and above the bank needs to to report it to authorities but not to worry if you are legit. On the other hand maybe there has some revision to this law already. To put you in safe side your bank has a point better asked a voucher from your employer that they paid you such amount for a freelance work that they hired you to do.

If you are uncomfortable with your bank then I suggest closed your account and switch banks and dami naman diyan. I suggest you use xoom.com for money transfer if your employer is in the US and direct deposit to your account in Philippines either banco de oro or BPI and you will received the money directly in your account without questions asked I suggest din open a separate account para safe and consider this as your business account and separate from you personal account para iwas sa identity theft.

In addition, its not a good thing once you're a red flag on the radar of authorities because they will start to be nossy on your business.