- Guidelines on Sale of Foreign Exchange (FX)
The Bangko Sentral ng Pilipinas (BSP) has increased the daily FX purchase limit to USD500,000 for individual customers and USD1,000,000 for corporate customers without the need of supporting documents other than a duly accomplished Application to Purchase FX form to cover payments to non-resident beneficiaries for non-trade purposes (e.g. education, medical and travel expenses, salaries of foreign expatriates).
Where can I get the Application to Purchase FX form?
This form will be provided to you in the branch during your transaction. You may also download it here.
What if I want to purchase FX exceeding USD500,000 (for individuals) or USD1,000,000 (for corporates)?
You may still do so but this will require you to provide supporting document/s together with the duly accomplished Application to Purchase FX form.
Click here to view the minimum documentary requirements prescribed by the BSP.