Banking in the Philippines

[PenetrayShawn]

Hi bankers ask ko lang if gaano ka stable ang BDO? Do you guys think its ok to keep 1M mahigit sa bank na ito? Or mag triple bank na lng?

 

medyo may exposure yata sila during the late 00s recession. to be fair halos lahat yata ng PH banks nagkaroon, ang balita ko na wala ay BPI group

 

for your 2nd/3rd question keep in mind deposit insurance is up to 500,000. i would rather have the 1m spread out across 4 different bank companies

[Yahiko44]

Which bank has the lowest interest rate? Say, 200k payable in 2 years. Any bankers or loan officers around?

[AvocadoStreet]

It was Citi bank last year and now ING is also exiting the retail banking market in PH

Edited June 24, 2022 by AvocadoStreet

[chessboxin]

Foreign banks cannot compete with local banks sa retail banking. Bakit nga naman magdedeposit ang isang depositor sayo kung isa lang branch mo sa vicinity? Napaka unaccessible.

Take it from me. I was once a Citibank depositor but they closed so much branches that the nearest branch to me is sa Greenhills. Ano yun, magddrive ako 45 minutes on a weekday to do my bank s--- lang?

At ang pangit ng interest rate ng foreign banks, pati Forex rates lugi ka. Wala nang benefit for the average depositor ang foreign banks, brand name na lang binabayaran mo. Baka nung 80s may appeal kasi napaka unstable ng local banks, but gone were those days.

Natuto na rin ang mga high net worth individuals na wag magtiwala sa foreign banks. Ang dami nang naging foreign retail banks dito, puro nagsara din at the slight minor inconvenience. Remember Standard Chartered, GE Bank, Santander? Kung magsasara lang at lilipad, why bother building a relationship with them?

Ang napansin ko na kailangan dito, mas accessible na private bank. Yung BDO Private Bank masyadong mataas ang TRB needed

[MartinDomingo]

banks in the philippines sucks

[francis_0170]

Nag-sign up ako sa Seabank 6% p.a pero daily posted. 

[SirMiks]

Any ideas on where to put cash? ambaba ng mga interest sa Bangko ngayon eh.

 

[sexycayote]

On 8/8/2022 at 1:52 AM, SirMiks said:

Any ideas on where to put cash? ambaba ng mga interest sa Bangko ngayon eh.

 

Kung for savings, ok naman ang rates ng mga digital banks (Seabank, CIMB, Tonik, etc) lalo na kung may ongoing promo sila.

For investment naman maraming iba't ibang options - stocks, fixed income, mf, etc.

[tommy69]

On 8/8/2022 at 1:52 AM, SirMiks said:

Any ideas on where to put cash? ambaba ng mga interest sa Bangko ngayon eh.

 

rates are going up. 

[tommy69]

On 7/6/2022 at 10:59 PM, chessboxin said:

Foreign banks cannot compete with local banks sa retail banking. Bakit nga naman magdedeposit ang isang depositor sayo kung isa lang branch mo sa vicinity? Napaka unaccessible.

Take it from me. I was once a Citibank depositor but they closed so much branches that the nearest branch to me is sa Greenhills. Ano yun, magddrive ako 45 minutes on a weekday to do my bank s--- lang?

At ang pangit ng interest rate ng foreign banks, pati Forex rates lugi ka. Wala nang benefit for the average depositor ang foreign banks, brand name na lang binabayaran mo. Baka nung 80s may appeal kasi napaka unstable ng local banks, but gone were those days.

Natuto na rin ang mga high net worth individuals na wag magtiwala sa foreign banks. Ang dami nang naging foreign retail banks dito, puro nagsara din at the slight minor inconvenience. Remember Standard Chartered, GE Bank, Santander? Kung magsasara lang at lilipad, why bother building a relationship with them?

Ang napansin ko na kailangan dito, mas accessible na private bank. Yung BDO Private Bank masyadong mataas ang TRB needed

Santander became part of BDO private bank

[Dealdealers]

Go digital

[hitokiri_3020]

Good afternoon, maaari po bang mag inquire ang kamag anak sa banko kung na-claim na yung pera na naiwan nung namatay na tao?

[PenetrayShawn]

On 10/9/2023 at 4:33 PM, hitokiri_3020 said:

Good afternoon, maaari po bang mag inquire ang kamag anak sa banko kung na-claim na yung pera na naiwan nung namatay na tao?

Baka ma bank secrecy sila kasi may ganiyan tayo na mga batas dito sa Pilipinas. Best siguro is makipag usap sa abogado para mag draft ng formal letter sa bangko, ipaliwanag yung dahilan sa request at kung bakit ito hindi pasok sa bank secrecy laws...

[Maykeee]

If you have questionable funds, no problem sa mga commercial banks. Negats lang sa landbank...

[MartinDomingo]

bdo and bpi sucks