Should I Start Pulling My Money Out Of Bdo?

[deejay_capslock]

http://www.pdic.gov.ph/index.php?nid1=10

 

Section 4 on Item G. You can also see this information on banks posted somewhere...

 

250k.. wow, that's it? Do you have a link that you can show?

[rapturousone]

I've read that Sen. Roxas has proposed a bill doubling the deposit insurance to 500k.

 

That's right but with the closure of the rural banks that make up the Legacy Group the PDIC could to be taken to the cleaners! :thumbsdownsmiley:

[jack08]

bdo, bpi, metrobank and all the other big banks are generally stable. yung sa amerika at europa lang ang may problema kasi pinasok nila ang negosyo ng derivatives. e yung mga bangko natin 'pawnshop' mentality pa lang, medyo beginners, kaya swerte di tayo halos kasali sa krisis.

 

tulog muna lahat ng mahimbing.

[Guest inquirer]

strong and financially stable? look at lehman's, aig, and even citigroup lahat yan sarado na if not bailed out (except lehman)by the u.s government.

 

bdo? hmmm they have used gsis/sss money to take in ebc/pci....no respect at all.

 

if there is one thing that asian banks have learn during asian financial crisis is to build up capital and be conservative, compared to the banks in the west who are over expose to risky investment.

 

because of that we can safely say that bdo or any big banks here are financially stable.

[Guest inquirer]

ask ko lang..yung account ko before ay sa equitable and now nalipat na sa BDO..gusto ko lang malaman kung okay lang ba kung hindi nakakapagdeposit ng more than 6months na?or mababawasan dahil may fee sila kapag hindi ka na nakakapagdeposit ng matagal..

 

thanks in advance

 

usual practice in banks if an account does not have any activity (no deposit/withdrawal) for one year, your account will become a dormant account, then that's the time they'll charge you fees. I suggest that you make a deposit/withdrawal at least once a year para hindi ma dormant yung account mo.

[dexterhaba]

Mga bossing,, may Special Deposit Account ako sa BDO (SDA),,, kasama ba un dun sa 250 k gurantee insurance.... ? kung ndi ,, ndi ko na irerenew ang sda ko although mejo mataas sya compared sa regular savings account.....

[rapturousone]

Mga bossing,, may Special Deposit Account ako sa BDO (SDA),,, kasama ba un dun sa 250 k gurantee insurance.... ? kung ndi ,, ndi ko na irerenew ang sda ko although mejo mataas sya compared sa regular savings account.....

 

An SDA is a security issued and guaranteed by the Bangko Sentral Ng Pilipinas. It is not covered by the PDIC. However, relative to other financial instruments, default risk is low because it is a government issued security....even if the RP has a below investment grade rating.

[pussywagon]

bdo, bpi, metrobank and all the other big banks are generally stable. yung sa amerika at europa lang ang may problema kasi pinasok nila ang negosyo ng derivatives. e yung mga bangko natin 'pawnshop' mentality pa lang, medyo beginners, kaya swerte di tayo halos kasali sa krisis.

 

tulog muna lahat ng mahimbing.

 

not all big banks in the philippines are stable.

the "aggressive ones" had investments in the financial institutions that went bankrupt.

better to be more careful in where you place your money.

[k02]

question po: what's the best bank to open an account?

[Guest lustfortravel]

question po: what's the best bank to open an account?

 

depends on what you want from a bank. what is important to you - convenience? then choose a bank that has a wide atm network and is near your office/residence. security? then choose the bigger banks. personalized service? then choose the smaller banks. the bigger banks, unfortunately, have become impersonal due to the sheer volume of transactions.

 

one man's best bank might not be another man's best bank - opinions will always vary. so check first what you require in a bank, weigh what is more important, then choose the bank that can fit most , if not all, of your requirements.

[sopeso]

i stick on papang henry's company very convenient and getting stronger despite the inflation

[Warlocke05]

Most of the banks now have recovered to their 52-week high stock price....Everything's going smooth hopefully better days are here once again

[xrocka24]

wow. 2 years na walang post? i woder if i should pull my money out of BDO too...

[kesongputi]

I'd leave my money na lang since di pa naman ganun kalaki

[addick]

Continue pa din expansion ng BDO, malaki na capitalization, pero Karamihan utang Nita pero pinaganda, (tier two, bonds issuance, stock right) sm land, sm prime, sm investment, BDO, BDO leasing. Bumagsak Lang isa, domino effect na. Pero d mangyayari yan at present situation, d papayagan yan ng government natin because it will result to unhealthy economy. Basta be careful, pag due na ang bonds offering nila, they will offer again with a higher volume of money, paran kiting na ang lumalabas d nalalayo sa networking