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Banking in the Philippines


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#21 don_cruzer

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Posted 30 August 2005 - 08:39 AM

Almost all banks are offering 5-yr TDs. Interest rates are higher plus the biggest catch is its TAX-FREE (that's 20% of the interest earned). If you really need it in an emergency, you can withdraw anytime but you loose the interest, suggest you keep your accounts at the 250K max level (PDIC insured) each.... its a safe investment

#22 weazerboi

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Posted 05 September 2005 - 02:46 AM

ano pong pinaka - ok na banks sa pinas, in terms of Loans...like housing, auto or cash loans.

pinaka - ok in terms of processing, service, etc.

Thanks.

#23 vent536

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Posted 06 September 2005 - 10:50 PM

ano pong pinaka - ok na banks sa pinas, in terms of Loans...like housing, auto or cash loans.

pinaka - ok in terms of processing, service, etc.

Thanks.

<{POST_SNAPBACK}>



I think BPI offers very low rates on car loan

#24 goomboo rumboo

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Posted 07 September 2005 - 01:42 AM

Why do all banks it seems have the same service format, 3 to 4 tellers and a long line. I bank with BPI and there's always a long line, but I also go to Metrobank and its the same. I mean when you look at income reports at the end of the year, banks are like the second top earners. Its even worse at UCPB, went there and spent 45 minutes in line. They had like two tellers alternating waiting on the people in line. Even in BPI with my privilege card, it takes a while to get served but the regular cue is unbelievable in my branch.

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EVERSINCE KASI NA MOST OF THE SAID BANKS IMPLEMENTED TO ACCEPT PAYMENTS LIKE MERALCO/CABLE/CC PAYMENTS ETC THAT THE LONG LINES EXISTING RIGHT NOW.THEY MUST HAVE ONE COUNTER W/C ONLY CATERS TO DEPOSITORS OF THE PARTICULAR BANK.LAKI KASI NG KINIKITA NG MGA BANGKO NA ITO SA MGA PAYMENTS.DI NAMAN DINADAGDAGAN ANG SUWELDO NG MGA TELLERS.DAGDAG TRABAHO PA.

#25 vent536

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Posted 09 September 2005 - 09:59 AM

well depende rin saan ka nag ba bank.. like i am also a BPI depositor, meron sila category doon na Preffered client, so once you are designated that, you dont have to fall in line, just go one of the counter na nakalagay preffered client... they would or should immediately assist you

#26 Guest_kicx_*

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Posted 09 September 2005 - 10:54 AM

try nyo chinabank, mabilis mag bank dun.

tsaka if ever piliin nyo yung mga branches na malayo sa mga residential areas, madami lagi dyan nagbabayad ng bills.

mas ok din kung madaming banks na katabi para hindi lahat nagpupunta sa isang bank para lang mag bayad ng bills

#27 redax

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Posted 10 September 2005 - 06:30 AM

well depende rin saan ka nag ba bank.. like i am also a BPI depositor, meron sila category doon na Preffered client, so once you are designated that, you dont have to fall in line, just go one of the counter na nakalagay preffered client... they would or should immediately assist you

<{POST_SNAPBACK}>

You do fall in line if you're not the only gold card holder at the bank at that time. Their requirement for being a preferred client is not really that arduous. Their requirement when they gave me mine is to maintain a P100,000 average daily balance.

#28 Guest_airmax_*

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Posted 10 September 2005 - 09:42 AM

try nyo chinabank, mabilis mag bank dun.

tsaka if ever piliin nyo yung mga branches na malayo sa mga residential areas, madami lagi dyan nagbabayad ng bills.

mas ok din kung madaming banks na katabi para hindi lahat nagpupunta sa isang bank para lang mag bayad ng bills

<{POST_SNAPBACK}>


i used to work for this bank ok din dyan

#29 Guest_airmax_*

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Posted 21 September 2005 - 06:53 PM

Ang citibank ba nag outsource na lang ng credit and collections dept nila? If thats the case eto lang masasabi ko there credit and collections dept. stink. Para kang nakikipagusap sa robot. Paulit ulit parang sirang plaka. Hindi ata nagamit ng computer etong mga ito.

#30 vent536

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Posted 04 October 2005 - 11:56 PM

You do fall in line if you're not the only gold card holder at the bank at that time. Their requirement for being a preferred client is not really that arduous. Their requirement when they gave me mine is to maintain a P100,000 average daily balance.

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well thats also true.... pero at least that would be seldom kasi kakaunti lang meron gold /preferred card sa branch na pinupuntahan ko... kala no lines for me

#31 mj_i_am

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Posted 07 October 2005 - 12:07 AM

BPI the best....

#32 revi

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Posted 07 October 2005 - 01:09 AM

I am now currently banking with Banco De Oro.. sa deposits lang not sa loans..
Why? Coz all their branches are open til 5:30PM.. sa mall nga 7PM pa eh.. tapos one stop shop pa kasi almost all utility bills can be paid here.. andito savings, current accounts and T/Ds ng family ko.. pati pala FCDU account.. Ang problem lang medyo mahaba ang pila twing paydays (15 & 30).. Choose BDO branches that are small, especially not those located sa SM malls.. siyempre may mga favors din diyan sa pila if you have a substantial deposit..

I have a current account with Standard Chartered Bank.. okay din kaso malayo sa akin eh.. so hindi ko masyadong nagagamit.. okay din hindi kasi masyado mahaba pila dito..

Sa loans, maganda ang PS Bank.. competitive ang rates.. especially sa Car Loans..

#33 makeurday64

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Posted 07 October 2005 - 06:03 PM

I suggest BPI and METROBANK.

#34 Patricio

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Posted 08 October 2005 - 05:55 PM

if you have a large amount of cash to stash, i advise you to put it in several banks to lessen the risks and hassles, esp. during emergencies.

I have ATM accounts in a few banks, 1 for Expressnet, ! Megalink, 1 Bancnet. Despite their interconnections, you'll always find the other network inaccessible during peak perods like payday. Also pag kinain ng 1 ATM ang card mo, pwede ka pa rin magwithdraw from another bank acct elsewhere.

Tapos pag may excess cash ka outside your short-term funds (for example, beyond your 3-month's worth of expenses), you can try time deposits or special savings accounts (SSA). Yung SSA, parang TD pero passbook, saka wala nang doc stamp taxes na babayaran.

If you have a little more money, I suggest investing in treasury bills, para konti lang risk but higher interest. Or try UITF's or unit investment trust funds.

Banco de Oro's Peso Bond Fund is OK. Minimum P 100t to participate, you can withdraw anytime after minimum 30 day holding period. The bank pools your money with others and invests it in government securities. My placement in the past 2 months has an effective interest rate of 16% p.a. Not bad at all.

#35 redax

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Posted 12 October 2005 - 06:13 AM

That is high considering the current one year treasury bill rate is 8.976%.

#36 dodo

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Posted 12 October 2005 - 06:33 AM

Are banks open on Saturday in Manila?

#37 redax

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Posted 12 October 2005 - 07:05 AM

Keppel used to be. You might want to verify that though. This is the one in M. de la Fuente corner Fajardo (Lealtad) in Sampaloc

#38 dodo

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Posted 12 October 2005 - 11:17 AM

Keppel used to be. You might want to verify that though. This is the one in M. de la Fuente corner Fajardo (Lealtad) in Sampaloc

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I want to open a peso and dollar account when I get there in a few days. Preferably with a bank that has online banking since I am based in the US. I was thinking of Metro Bank because I like their online banking site. I was hoping they were open.

#39 rickyv

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Posted 08 March 2006 - 09:27 PM

hi, to all of those who work in banks, especially in allied bank, can you
please guide me to claim my fathers money in the bank. He just died last monday.

#40 walangiba

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Posted 09 March 2006 - 09:48 AM

My sympathies to you and your family on the passing of your father.

If you inquire from Allied Bank regarding their requirements for claiming a deceased account, they will gladly assist you. Some documentary requirements though, may take a while before you can secure them.

Offhand, these are the usual documents you'll need to submit to the bank:

1. Proof of evidence of bank deposit (passbook, deposit certificate, etc)
2. Identification papers of deceased
3. Identification papers of heirs (his spouse and children)
4. Marriage Contract
5. Birth Certificate of children
6. Death Certificate
7. Certification from BIR that all taxes have been paid (estate)
8. Extrajudicial Settlement among Heirs
9. Affidavit of Publication from newspaper of general circulation
10. Other documents as required by bank's approving officer/committee

Your bank may or may not require all of the above, or may even ask you to submit other documents not mentioned in this list, depending on amount of deposit involved, and if the submitted documents are to their satisfaction.

Pag ok na, they will issue you a Manager's Check payable in the names of all the heirs. If you are authorized by your mother and siblings to transact on their behalf, just secure a written authorization signed by each of the parties.

Wag kang matakot, you will be able to claim the funds, although it make take time. Many people think, pag wala kang documents na ma-submit, goodbye na ang pera. That's not true.

Is the account of your father a joint account or in his name alone?

Good luck, and if you have other questions , feel free to contact me.




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