Hi! It's okay kahit bago lang yung account as long as it's your account, not your parents' account.
Here are the conditions for sending a wire transfer:
- Scotiabank must receive $10,200 CAD.
- Incoming wire transfers will be rejected with funds being returned (less our charges) in the following scenarios:
- If Scotiabank receives less than $10,200 CAD. Note: All fees associated with sending the wire transfer must be paid by you
- If a wire transfer is sent from a source (e.g. money transfer services, forex services, etc.) that is not a bank in Philippines where you hold your account.
- If payment is received from a third party (e.g. parents, relatives, friend, etc.).
I recommend BPI, because BPI can wire transfer to Scotiabank whether you have a peso or a dollar account.
Nag inquire ako sa BDO if they can wire transfer using my peso account tapos convert na lang nila to CAD, di daw pwede. I need to have a dollar account daw.
Pero since you mentioned na kayo na magpapalit sa labas at magdadala ng CAD sa bank, pwede yun. Open ka ng Canadian dollar account on your name. BPI has lower maintaining balance, $500. Sa BDO I think, $1000.