I need to know if there is a maximum amount of money that the United States will allow a U.S. citizen to deposit in a Filipino bank? I was told there is. If there isn't and you deposit let's say $50,000.00 does U.S. require taxes to be paid or any penalties to be paid on this money?
if there are any Americans out there who have sold there homes or pull down there retirement money before they move to the Philippines. What did you do to move your money to the Philippines? let's say you decided to buy a home there how did you get your money from U. S. to Philipines?