I just feel the need to blog about this because recently, I tried to exchange currency at the bank and I kept going back due to incomplete requirements. So in the future to avoid wasting time and effort when exchanging currency again, I will just browse to this blog post and see the complete requirements.
Different banks have different requirements and it also differs depending on what purpose you will be using the money. What I will be posting here are the requirements that BDO required me to present to them before I could exchange currency. My purpose is for travel expenses.
Here are the requirements:
1. Printed copy of my trip’s itinerary
3. Passbook – I wanted to auto debit to my account the peso that I will be exchanging
ATM cash card
4. TIN Number
Basically, those were the requirements needed. If only I knew them before hand, I don’t have to waste time and effort going back to the bank 3 times.🙂