As far as I know, BPI doesn't list the fees separately anymore, so Schwab doesn't reimburse them.

I read that it only applies if your Schwab address is in the Philippines

Mine didn't post today! If you call them they'll give it to you, but it's a pain!

I use BDO and they reimburse them.

Get a Maya or GCash debit card. It takes a bit of effort and time, but I find it easier than dealing with banks, and keeping only a small balance limits your exposure. You send money from your US account with Wise, Sendwave or another third-party app and it's available in seconds.