This trip and the last couple we have just used ATMs and withdraw in PHP instead of home currency. Haven’t used a money changer yet this trip for USD. It helps that we have a card that refunds 100% of ATM fees, but the rate seems to be better than money changers…at least last time I checked. ATMs all over terminal area.
Please note, though, that there is only one ATM I know of in Padre Burgos (near police station), if that is where you are headed. Also, need to make sure your resort accepts credit cards for room / incidentals. Most of our expenses there last couple weeks were charged to room. Transport fee is often cash only direct to driver, depending on where you are staying. Tips will, of course, require cash.
If you are going to be in the Philippines for a few weeks, heartily recommend setting up a GCash account! Accepted everywhere, it is a Philippines-developed, no-fee payment system like PayPal on steroids, and has really taken off since our last visit. It is run by the Philippines Central Bank (BSP - Bangko Sentral ng Pilipinas). Payments and sending money uses QR codes…the vendor shows it to you, you point your phone at it and payment is pending…requires you to confirm on app. That’s it. Requires a Philippine cell SIM, or working home country phone with you, but those are available outside the NAIA terminal bag claim. Can’t verify without working cell, either from home country or the PI. Apps for both Android and iOS.
Turn your mobile phone into a virtual wallet. Using the GCash app, you can pay for items and send money at the speed of a text message.
www.gcash.com
GCash can be used for local purchases even in the remote areas, and you can “Cash In” or “Cash Out” all over the PI at many, many diverse kinds of stores and shops. You will see GCash signs far more places than you will see ATMs. Can be tied to your bank card, or loaded from a credit card. We used Philippine Pesos to “Cash In” rather than tie account to a card, so not sure if there are fees involved with that aspect.
Need a bus or ferry ticket? GCash! Pay restaurant bill? GCash. Need a “load” for your phone (minutes / data)…GCash. Need Grab Food wallet refilled? GCash! Transfer money to a driver or local? Everyone has GCash…lol.
Have a blast. Diving there is wonderful. Didn’t meet a single diver in two weeks who was unhappy with diving, even with more rain and lower viz than usual. Weather pattern has been much better since we left.