Banking in the Philippines

[chessboxin]

The problem with these banks and the BSP is that they're adopting Western standards to a very financially informal country like the Philippines. A majority of people here earn money without the necessary documents. We're a developing country. People have side hustles which are not illegal. It just doesn't have the paperwork.

 

[kantonz]

Lokbu PH Banks

[cynophile]

Paano po ba nagiging Preferred client sa BPI? And other banks as well.

 Nagulat lang dn kse ako, hndi ko alam na preferred ako. Nalaman ko lang nung kumuha ako ng insurance and nagpa update ako ng ID and pirma since 16 yrs old lang ako nung inopen ung savings acc ko.  24 na ko btw, Then inalok nila ko maging preferred and dapat naman daw talaga preferred ako. then when they checked it, preferred na pala ako. Dapat daw cinontact ako ng RM ko sa branch of account ko which is di ko nga alam haha. 
 

so pano nangyare to? Haha. At para saan ba tong preferred preferred neto anong pros and cons neto 😂