Currency, ATMs & Money Changers
Currency - Introducing the Philippine Peso
The official currency of the Philippines is the Philippine Peso (PHP). Denominations include coins (1, 5, 10, and 20 pesos) and banknotes (20, 50, 100, 200, 500, and 1000 pesos). While credit cards are widely accepted in urban areas, it’s advisable to carry some local currency for small transactions.
When exchanging your cash to Peso currency, you may use ATMs. Please note that bank charges may apply. Most ATMs will only allow you to withdraw a maximum of PHP 10,000 at a time. There are also several money changers and ATM throughout Manila.
When withdrawing cash, it is best to look for available international bank ATMs such as Citibank, HSBC, Chinatrust, Maybank, and Standard Chartered Bank. Withdrawal fees range from P150-200 (A$3.85/US$2.56) per transaction*.
ATM's in BGC
The ATMs in Bonifacio Global City accept all major debit and credit cards, including Visa, Mastercard, JCB, and UnionPay.
Most ATMs allow withdrawals, balance inquiries, and other basic banking transactions. Fees may apply for non-account holders using the ATMs.
Money Changers
These money changers offer competitive exchange rates for converting foreign currencies to Philippine pesos and vice versa. They provide a secure and convenient way to exchange money in BGC.
The money changers generally accept major currencies like USD, EUR, JPY, and accept both cash and card payments. Some locations are open 24/7 for added convenience.
Customers report the money changers in BGC provide good rates and a hassle-free experience. However, it’s still recommended to compare rates across different providers to get the best deal.