Quote from: Dagol on February 27, 2019, 11:18:07 AM

Quote from: Bitkoyns on February 27, 2019, 11:08:56 AM

Quote from: Ipwich on February 27, 2019, 09:54:37 AM

Maybe you have already consumed your limit because you always cashed out, heheh
We have the same level of verification, I am also at level 4 but mine is better since my cash out is unlimited for monthly and yearly, but I have a limit of PHP 25,000 per day.

so iba iba pala ang limit kahit parehas na level4 verified? sakin nasa 150k per month cashout ko pero never ako nagkaproblema sa limits na yan. wala din extra verification na hinihingi sakin

Sa palagay ko kung magwithdraw ka ng above ng Php 500,000 in a month. Pasok na ito sa money laundering law. Marami na sila hinihingi na katibayan kung saan nangaling yung pera.

I guess so, my account is an old one, AFAIR, it was created last 2015 and I have upgraded it to level 4 once through submission of ID and water bill.

Quote from: Bitkoyns on February 27, 2019, 12:14:08 PM

nope. ang pasok sa AML ay yung lagpas sa 400k php sa isang araw, pero kung hindi ka lalagpas dyan kahit pa araw araw ay 399,999 ang pagalawin mo na pera ay walang problema yan base sa pagkakaalam ko

saka yung sakin, diretso lagi sa bangko, wala naman silang hinihingi na extra proof sakin kung san galing ang pera, ang nasa records pa nga nila ay student ako kahit hindi ko naman sinabi yun LOL

Wrong, it's 500K php for one day and that is called covered transactions, AFAIK, AMLA reporting is for two types of transaction, there are covered transactions and suspicious transactions which irregardless of the amount.

Check this definition by BSP- http://www.bsp.gov.ph/regulations/laws_aml2003.asp

Quote

"(b) 'Covered transaction' is a transaction in cash or other equivalent monetary instrument involving a total amount in excess of Five hundred thousand pesos (P500,000.00) within one (1) banking day."