How can a 'Newbie' receive cash if no bank account first three months in Philippines

On 12/16/2024 at 12:35 AM, likerdup1 said:

Could you provide some details about this "Schwab card". What type of account is needed? checking? trading account? what?. Can you open it online? etc etc. Is it an actual credit card or just a debit card?

The Schwab card is a VISA debit card that has no foreign currency fees and automatically refunds other banks' ATM charges that you may incur. both domestically and abroad.  The debit card is linked to a Schwab Bank checking account that Americans get automatically when they choose to open a no-obligation, no minimums Schwab regular brokerage account.

I believe non-Americans from certain countries can also obtain a similar Schwab debit card, but the non-U.S. accounts, last time I checked, had a required minimum initial investment to open of around $25,000 USD put into the brokerage account.

The opening process for Americans with normal ID documentation is easy and can be completed online. Not sure if the international version has that same capacity or not.