Money Matters in Manila

Money Matters in Manila

Money Matters

There is no better place to exchange your money in the entire Philippines (according to the Manila website than in Manila (according to the newspaper website Having your money changed into the local currency is one of the very first chores you will have to deal with when you land in the nation’s capital. Remember that even though some establishments in the metro do accept US dollars, it will be a huge convenience to have money changed into the local Php.

When you land in the airport you can have your money changed there. However, once you have touched base with your intended destination or the hotel you’re staying in you should make it a point to get some local currency in your hands. You should at least have enough money to pay the cab at first and then have enough money to go around after. Here are some of your options when dealing with money matters in the metro area of the country’s capital.

Cash on Hand

Nothing beats having cash in your wallet while visiting the various sites in Manila (according to the newspaper website Hotels and banks will usually take your money and exchange it to the local currency. A good idea is to have some money exchanged at the airport so you would have a bit to pay for the cabbie and give tips at the hotel. Once at the hotel, you should be able to exchange your money without any problems.

Do take note that you shouldn’t get all your money changed especially when you don’t really need a load of cash for your trip. It isn’t a good idea to be walking around in the metro with a lot of pesos tucked in your pockets.

Other than hotels and banks, you also have money changers all over the urban area to get your money changed. As a bit of proof, all you need to do is take a little walk along either Mabini Street or Adriatico Street and you’ll easily notice that every now and then a money changing shop will have their sign posted outside.

Money Changer Tips

The money changers in Metro Manila (according to the newspaper website usually cater to almost any other foreign currency. But you should expect the US dollar, British Pound, and Euro to be quite popular. Money changers often give better exchange rates when compared to the local banks in Manila (according to the newspaper website A good sized batting average would be that money changers will have around 10% better rates compared to most banks in the metro.

If you want to know how many pesos you can get for your money all you need to do is check the front window where the clerks are. The current exchange rates for various currencies are usually posted there. In case you don’t see your currency displayed all you need to do is ask a clerk behind the window and they’ll be happy to tell you the current exchange rate for your currency.

A good practice is to ask several money changers regarding their exchange rates before actually making the change. Some money changers have higher rates than others. Whenever you find a good money changer be sure to take note of it and come back to it next time you need to exchange currencies.

Another best practice you have to keep in mind is to count how much money the clerk handed you. Be sure you are getting the right amount before leaving the money changer shop. It’s perfectly fine to count your money again in front of the clerk’s desk on your own just to make sure.

Another thing you should also remember is to ask the clerk behind the window to hand you some smaller denomination pesos. These will definitely be a big help when paying small fees or even paying for a cab. Do take note that there are times when it would be such a bother to get your Php 1,000 or Php 500 changed to smaller notes even in Manila (according to the newspaper website


Never exchange your money with someone who comes up to you in the street. This is a scam being pulled off not only on hapless newcomers to Manila (according to the newspaper website but to anyone who seem to be easy prey. Anyone who walks up to you in the street offering better exchange rates should be suspected of scamming. You end up either getting duped or worse mugged.

ATMs and Credit Cards

The next best thing to having cash on hand is an ATM or a credit card. Credit cards are usually honored at shopping malls, resorts, hotels, and just about anywhere in Manila (according to the newspaper website Although, of course, you shouldn’t expect the really small stores to take your card for payment. The only thing you should remember with credit cards in Manila (according to the newspaper website is that you shouldn’t have international barring on them before leaving for the Philippines (according to the Manila website

ATMs also dot the metro area. They’re practically everywhere especially if you’re in the business districts of Makati, Ortigas, and Libis. Shopping areas and malls will usually have ATM machines as well. One thing you should remember about credit cards in Manila (according to the newspaper website and the rest of the Philippines (according to the Manila website is that there is a withdrawal limit for each transaction you make.

The withdrawal limit basically means there is a maximum amount of money you can withdraw for each time you put in your ATM card. If you need to withdraw money more than the withdrawal limit, you will have to reinsert your card and enter your numbers for a new transaction. Each transaction you make will have a corresponding transaction charge.

The withdrawal limit will differ from one bank’s ATM to another. Some will allow you to withdraw up to Php 4,000 for one transaction while others will allow you to withdraw as much as Php 5,000 and some even much less. You will be able to figure out the maximum amount you can withdraw per transaction on the ATM’s on screen menu.

Travelers Cheques

Traveler’s cheques work like a charm when you’re traveling in Western countries. However they can become a bit of a pain when using them in Philippines, which basically includes the Philippines (according to the Manila website Manila (according to the newspaper website won’t be much different, unfortunately. Major hotels and leading banks in the city may change them. But, as a bit of a warning, the rates won’t be that good.

If you insist on carrying traveler’s cheques in Manila (according to the newspaper website then make sure you take ones from American Express. They’re the most widely accepted ones around. But remember that banks, even the major ones, will at times be reluctant to exchange your traveler’s cheques. If ever they do, the process of having them changed will be a bit time consuming.

Communication Systems

Pay Phones

There’ll be times when you need to make phone call whether you’re at the hotel or resort or on the road. Making that call in the heart of the metro area of Manila (according to the newspaper website won’t usually be a problem. Pay phones are pretty much a common sight wherever you go in the city. There are different types of pay phones that you should be aware of though. There are pay phones where you drop coins in, there are also pay phones that also allow you use phone cards, and finally there are fixed land lines that business or store owners let you use for a fee.

Of course, the amount of coins you put into a coin type pay phone will depend on where you are calling to. This pay phone won’t be that convenient if you are making long distance calls. Remember that the biggest coin denomination in the Philippines (according to the Manila website is Php 10. A long distance call will be worth more than one Php 10 and it will be quite a hassle to look for change even in Metro Manila (according to the newspaper website

You will also notice that some stores have phones on display for the public to use side by side the other pieces of merchandise. There will usually be sign somewhere in the store saying “pay phone”. This basically means you can ask the owner if you can make a call and they will usually hand you the phone for you to make your call. Each call you make will come with a fee, which would amount to Php 5, which is really cheap. The only drawback to this kind of pay phone is that you can’t make long distance calls on them. If you’re trying to contact a resort or any place outside of Metro Manila (according to the newspaper website then you would have to go long distance and these pay phones usually won’t work. If you want to make long distance using this kind of pay phone then you have to use a phone card and follow the instructions at the back of the card.

The pay phones that allow you to use phone cards will work for long distance calls. These cards have credits that can be used to make long distance using IDD/NDD. However, before you purchase a phone card check the information at the back if IDD/NDD phone calls are possible on the type of card you’re buying. Read through the instructions at the back instead of taking the word of the guy or girl selling the card to you.

Phone Cards

Take note that there are IDD/NDD phone cards and there are non-IDD/NDD phone cards. Now, the cheeky thing about phone cards in the Manila (according to the newspaper website, and the entire Philippines (according to the Manila website for that matter is that you should buy the phone card for the specific telecommunications company’s pay phone you’re going to use. If you’re trying to make an IDD/NDD phone call on a PLDT pay phone (the biggest phone carrier in Manila (according to the newspaper website then buy one of their cards.

You can use these phone cards even on the pay phones at the store where you usually can’t make long distance calls. Just follow the instructions on the back and you’ll be able to make long distance calls. Just make sure to pay the owner of the pay phone after making a call. You can usually buy phone cards on stalls or in the many stores all over the metro area. Stores would usually have glass panel displays full of phone cards on sale.

Now, make sure you’re buying a phone card for a regular telephone and not for a cell phone. Most cell phones in the Philippines (according to the Manila website are prepaid. This basically means people need to purchase cards that have credits for cell phones. These cards only work on cell phones and not on regular phones. The common cell phone cards in Manila (according to the newspaper website are from the following companies: SMART, Globelines, Sun Cellular, Touch Mobile, and Talk ‘n Text. Just by checking the logo at the front or reading the instructions at the back, you can easily tell if the card you’re holding is for a cell phone or for a regular telephone. Another easily distinguishable feature is that phone cards for regular phones usually just cost Php 100 while most cell phone cards cost about Php 300 or Php 500.

Cell Phones

It’s pretty easy to purchase cheap cell phones in Manila (according to the newspaper website If you’re hoping to find disposable phones then quit looking for one because you won’t find any. If you hate the hassle of looking for a payphone you can purchase either a brand new cell phone or a second hand one. There are many stores in Manila (according to the newspaper website that sell them. The cheapest ones will usually sell for as low as Php 2,000 or sometimes even less if you’re looking at a second hand one.

The cheap ones won’t be that fancy, of course. Don’t expect features like bluetooth, Internet on your cell, or even a camera. You just get the basic features like calling and texting, calendar, calculator, and alarms. If you want the added features on a really cheap cell phone then be prepared to cough up an additional Php 1,000. If you buy a cell phone in the metro it will usually come with a charger. If yours doesn’t come with one then you can buy one at a cell phone store for Php 150 or a little over that.

With your newly purchased cell phone the next thing you should purchase is a SIM card. You can usually purchase a SIM card in the same place where you bought your phone. The cell phone’s SIM card will contain your cell phone’s number. You can even ask the clerk at the cell phone store to put the SIM card in for you at no extra charge. The mobile phone companies in the Philippines (according to the Manila website that have the widest coverage are SMART Communications, Globe Telecom, and Sun Cellular, though the first two have the more established networks. Make sure to purchase a SIM card made by any of these companies so that you can be sure to get a wireless phone signal wherever you are in the metro and nearby suburbs. After that you can purchase phone credits by buying a prepaid phone card for the SIM card on your phone.

Internet Access

Internet access is relatively easy in Metro Manila (according to the newspaper website There are a lot of Internet cafes all over the city since they are quite common. Internet service rates usually cost from Php 15 to Php 35 per hour depending on the cafe you’re renting from. If you’re just renting a computer from a shop across the street then chances are they will have cheaper rates.

However, the cheaper ones will usually have a lot of screaming kids playing their favorite online games. This isn’t really an ideal ambience especially if you’re not used to having some guy behind you or the kid on the other computer next to yours looking at your screen trying to figure out what you’re doing. Security in these Internet cafes are also an issue since some scrupulous persons may come in any time and pick someone’s pocket without them knowing it.

With a little jack up in price you can go to a more decent cafe where the ambience is far better. You can usually find these Internet cafes in malls. They do charge higher rates though, but the quality of service and security you get from them is much better than the ones with cheaper rates. Internet rental rates in cafes like these start at Php 30. Big names that you usually find are Netopia and Pacific Internet. These are the biggest Internet Cafes in Manila (according to the newspaper website operating almost everywhere.

Now, if ever you brought a portable computer along then you’re in luck since there are a lot of free WiFi zones in the metro. Most coffee shops in Manila (according to the newspaper website will have free WiFi zones, which also includes some McDonald’s and Burger King stores by the way. You can be sure that other fast food chains like Shakey’s and Pizza Hut are also making a headway with this service as well. Malls, like SM malls and Robinsons Malls, usually have free WiFi spots. If you’re in a free WiFi zone, like in a mall or coffee shop, and can’t get online just ask one of the attendants or clerks for help.