[Merged] What's your favourite bank?

[edcruzonline]

I'm thinking of opening an account, kaya lang i'm not sure which bank to open to...

any suggestions!!!

thanks...

ed:)

[:Þ]

bankruptcy

[raven23]

Bank of the Philippine Islands.

They've been around quite a bit (they're the oldest, right?) and are quite stable (they've even acquired other banks, such as Far East, in the process).

They're backed by the one of the largest Philippine conglomerates -- Ayala.

They have more branches & ATMs than most other local banks (in and around Greenbelt pa lang there are at least 5 BPI ATMs). They have branches in key cities / countries around the world, too.

Speaking of ATMs, they were the one of first banks (if not the first) to pioneer and aggressively promote and deploy ATMs.

Their innovations don't stop there... from ATMs, to phone-banking, to EPS (electronic payment systems), to bills-free payment, mall-based 'mini' banking stations, and now Internet banking.

All of this well integrated with their other consumer banking services (credit cards, personal finance management).

No, I'm not from BPI, but a close personal friend of mine is a VP. ;)

I've been a happy BPI customer since 1995.

[Ice Burn]

Citibank cause I'm bias and I really know what's going on inside so I know I can trust them with my money. :)

ABN-AMRO even if it is relatively new but it's one of the more stable banks worldwide.

I don't like BPI because I have an err court case with them and in my opinion they ought to pay up for the rather unfortunate incident that happened to me while I was withdrawing money from their ATM instead of dilly-dallying. And in my opinion, they're really stupid for not having guards at their banks at night.

[Idiosyncratic]

I don't have a favorite bank, but I'll tell you my least favorite...Chinabank!
They have the worst service I've ever experienced, talk about Rude, Rude, Rude!

My grandmother went there and the teller :shout: *itched her out. I was so mad I wrote a letter complaining to the manager, because my grandma is like 80 and was traumatized after that. This is aside from the bad service I've recieved myself. :grrr:

I don't advise Chinabank! :)

[council]

Originally posted by edcruzonline
I'm thinking of opening an account, kaya lang i'm not sure which bank to open to...



Globalbank. A member of the Metrobank group.
The largest regular commercial bank in the Philippines, with more than 120 branches nationwide.

Global Business Bank (http://www.globalbank.ph)

[hat_tr1ck]

In no particular order...

BPI, Citibank and Equitable Bank.

Haven't had any problems with either one of them.

[egg]

BPI-Family Bank (http://www.bpiexpressonline.com)! *okay*

[frenzy]

Not really my fave but haven't got a problem yet with Equitable Bank...





*pexadik*

[Andrei]

Well aside from it being the only bank i have an account in, Equitable Bank's Internet Banking Facility (http://www.fastnet.com.ph) is very efficient. I haven't had any problems with it and i do hope i won't encounter any. the interface could use some rework though

[tofi]

METROBANK - still the largest among our banks here in the country.

[KuyaDanny]

Originally posted by edcruzonline
I'm thinking of opening an account, kaya lang i'm not sure which bank to open to...


In this day of technology, electronic banking, ATMs, etc, I think it's still important that you choose a bank with a convenient location. Which banks are within a 10-minute walk/ride from you home or workplace?

[mongee]

BPI Family would be a good starting point since the initial deposit required and maintaining balance is low compared to BPI main (P1,000 for Family and P3,000 for main sa Express Teller ATM). Just make sure that the branch is near your place if you need frequent trips.
I have an Express Teller ATM account from BPI main and it has helped me a lot for so many years. The Express Phone is very convenient especially with their check-free payments. I don't need to go to any Globe Telecom branch to pay my Monthly cellphone bills. :)

[edcruzonline]

thank you guys for your input.

looks like BPI have the highest point on banking.


all the best to everyone,
ed:)

[Adroth]

Originally posted by council


Globalbank. A member of the Metrobank group.
The largest regular commercial bank in the Philippines, with more than 120 branches nationwide.

Global Business Bank (http://www.globalbank.ph)

Something tells me that you work in that bank.

If your a small depositor, your better off going to medium size banks, or the consumer oriented subsidiaries of large banks. BPI Family for BPI, and PS Bank for Metro. They'll take care of you better.

[aticus]

Originally posted by edcruzonline
thank you guys for your input.

looks like BPI have the highest point on banking.


all the best to everyone,
ed:)

I would just lower my expectations with regard to service, however. BPI isn't famous for being "friendly" to customers unless they're multi-millionaires. I've had a lot of bad experiences with BPI tellers who are rude and/or snotty. I swore never to bank with them again.

[BadGiRL]

BPI..pati yung BPI FAMILY.

Kasi, sobrang ok, dami expresspayment..and daming BPI sa buong manila..kahit saan puwede ako mag withdraw! Cool d ba? Kesa naman maghahanp ka pa ng kung ano anong bangko...

[Krakista]

I'd say BPI too. Four (4) branches within walking distance, branches everywhere and highest uptime for ATMs. *okay*

They're also very conservative. Must have heard thousands of complaints of their Purchasing Dept. being so barat. It shows their taking good care of the depositors' money.

[aticus]

I forgot to add that it also depends on what you're after.

If you're after convenience, then I'd listen to the others here and open it in BPI.

If you're after higher deposit rates, so you make more money, then I'd go elsewhere. BPI has among the lowest (if not the lowest) rates in the industry.

If you're truly after stability, go for a foreign bank. My picks would either be Citibank or HSBC. BPI, like many local banks, has a lot of Non-performing Loans (NPL's), which are loans that are in default from people or companies that can't pay back. They just recently lent billions in UNSECURED pesos to a certain local company, which is going to default on its debts. Then again, just about every local bank is getting creative with its accounting and totally misrepresenting their actual financial position to the general public.

Don't get me wrong. I doubt the Philippine government will ever let BPI fold (remember, they saved Equitable) since it's too big and its collapse will be devastating to our economy. Besides, if you plan on depositing less than 100,000 pesos, it's all insured anyway. So it really doesn't matter which bank you put your money in, as long as it's PDIC insured.

So bottomline, if you're depositing less than 100,000, then the only real issues, I think, are whether you want convenience or higher rates. The answer to your question will vary according to which of the two you find more important.

By the way, Metrobank is actually our country's largest bank, with the most branches. BPI is just much better at advertising. That's why you may notice they always say they're the country's "first" rather than the country's no.1 bank, which they're not. :)

[rains_delight]

If you have the P10,000.00 to open an account, then you can also have the opportunity to open a safety deposit box there. I am also a depositor of the said bank and currently availing ther SDB services. Unlike our local banks, their SDB's are already occupied and some of them require an average daily balance of P100,000.00 for you to enjoy this benefit. Aside, they also post your interest on a monthly basis unlike other local banks who post quarterly.

[Adroth]

Originally posted by aticus
By the way, Metrobank is actually our country's largest bank, with the most branches. BPI is just much better at advertising. That's why you may notice they always say they're the country's "first" rather than the country's no.1 bank, which they're not. :)

Largest also doesn't mean best. The Metrobank group goobled up a lot of banks that past two years -- so their going through digestion ills. They also have major exposures to bad accounts.

I agree with Aticus . . . small accounts are safe because they're secured by PDIC. Its a major league hassle to collect from PDIC though.

Go to the bank that treats you right, satisfies you needs, and that your comfortable with. Sometimes the branch can matter -- some are run better than others. Unless your chinese, don't go to a branch in a chinese-dominated district; those branches are placed there to cater to a specific customers.

[scubaotaku]

If you're after higher deposit rates, so you make more money, then I'd go elsewhere. BPI has among the lowest (if not the lowest) rates in the industry.



what banks offer higher rates???

[aticus]

Originally posted by scubaotaku


what banks offer higher rates???

Well, if you're really after BPI, you can go to BPI Family Bank. It's a savings bank, so it offers higher rates. Most (if not all) savings banks offer higher rates than full-service commercial banks, and at least with BPI Family you still have the convenience of using the BPI atm network. Once again, your money will be pretty safe as long as you have less than 100,000 and the bank is PDIC insured... (make sure of this when you open an account).

As for some of the larger banks, banks like Banco de Oro, UCPB and others all offer higher rates than BPI.

[Ice Burn]

It's hard to talk about rates cause it changes faster than you can encash your paycheck.

I wouldn't go to citibank if you're after high rates cause the current interest is pegged at 3.5% per annum.

I think the highest I ever got was a 7.5% per annum at Union bank, this is for savings but that was a number of years ago.

Abn Amro currently gives me a little below 5% per annum.

BPI gave me a 9% per annum but that was for their platinum account. Your maintaining balance has to be above P25T though if you want this high an interest.

Put it this way, if you deposit let's say P100,000 at Citibank. you'll only get around P291.62 pesos a month.

I suggest you have a tour around banks and get a copy of their current rates.

[anwarlorenzo]

ok hindi ito weakest link anyway the last time that ive had a bank account is when i was in ummm... gradeschool hehe :D

so im planning on getting one. any suggestions? or pare pareho lang silang lahat and it doesn't matter where? thanks in advance ;)

[Krakista]

Try this link --> What's your favourite bank? (http://www.pinoyexchange.com/forums/showthread.php3?threadid=65032)

[anwarlorenzo]

hey thx :D

[anaphoenix]

I like BPI Family's brand of service. I opened an account with them at 12:20pm and got my ATM 10 minutes later. And the staff were really very nice, very courteous.

Same day, I opened an account with Metrobank and got my passbook around 20 minutes later.

The worst bank I've been to was Security Bank. I was going to open a new account with them so when I entered their bank, I went straight to the new accounts dept. and no one bothered to ask me how they can help me. I called one of their clerks but she just ignored me. After 30 minutes of being ignored, I went out na and vowed never to go back to that bank.

[Textcraft]

Originally posted by anaphoenix
I like BPI Family's brand of service. I opened an account with them at 12:20pm and got my ATM 10 minutes later. And the staff were really very nice, very courteous.



Same here. I opened an account with BPI before when I was still in Davao, and one with BPI Family when I was in Makati -- same kind of service on both counts.

You get your card in minutes; then its active the following day.

BPI's minimum deposit requirement was a little steep -- so I stuck to BPI Family.

[BeGuiLing]

i like citibank.. they give you a personal banker so its easier to track down all your transactions.. they also give you a lot of extras... parties, seminars etc for clients only..

[tidus1203]

For me its Banco de oro..

They have the best yields for their UITF in town as far as I can see...

Except for BPI they also have one of the most accessible ATM service around madami silang ATM machines which makes withdrawal convinient.

[Fortune]

metrobank is largest but bpi is most profitable
4.5b net income in first half
looking for full year of 9b

[philpay]

which bank has the most branches nationwide?

[tidus1203]

which bank has the most branches nationwide?

Not sure about this I think if you include only the COMMERCIAL BANK BRANCHES I think Metrobank. However, if you add kiosks and Express Banking Centers and the Family Banks then of course BPI.

[Tmac_1]

for sheer variety of services, i go for EPCI.

[business_guy]

Largest also doesn't mean best. The Metrobank group goobled up a lot of banks that past two years -- so their going through digestion ills. They also have major exposures to bad accounts.

I agree with Aticus . . . small accounts are safe because they're secured by PDIC. Its a major league hassle to collect from PDIC though.

Go to the bank that treats you right, satisfies you needs, and that your comfortable with. Sometimes the branch can matter -- some are run better than others. Unless your chinese, don't go to a branch in a chinese-dominated district; those branches are placed there to cater to a specific customers.

FYI, BPI have more branches than Metrobank. BPI has currently 820 Branches (excluding 'some' subsidiaries and affiliates). Metrobank's 800 branches includes all it's subsidiaries and affiliates. If BPI to consider it's entire subsidiaries and affiliates, BPI has at least 1,000 branches....

[business_guy]

Largest also doesn't mean best. The Metrobank group goobled up a lot of banks that past two years -- so their going through digestion ills. They also have major exposures to bad accounts.

I agree with Aticus . . . small accounts are safe because they're secured by PDIC. Its a major league hassle to collect from PDIC though.

Go to the bank that treats you right, satisfies you needs, and that your comfortable with. Sometimes the branch can matter -- some are run better than others. Unless your chinese, don't go to a branch in a chinese-dominated district; those branches are placed there to cater to a specific customers.

FYI, BPI have more branches than Metrobank. BPI has currently 820 Branches (excluding 'some' subsidiaries and affiliates). Metrobank's 800 branches include all it's subsidiaries and affiliates. If BPI to consider it's entire subsidiaries and affiliates, BPI has at least 1,000 branches....

[business_guy]

The bigger the banks, the lower interest rates. Medium to small sized banks offers bigger interest, but if you got like P20 million, better put it in big banks like Metrobank, BDO-EPCI, or BPI, because you'll be sure your money is safe, and you'll not worry about sudden bank runs or bank holidays. These banks may offer lower interest rates, but you can sleep and not worry any bank bankruptcy....

[metropolitan]

I bank with Citibank Savings for daily cash. its close to work, accepts deposits via ATM, no transaction fees when using other ATMs.

I keep a savings account at a rural bank.

[Brix99]

Metrobank is overrated... my sis works there before and if you knew how messed up their system works you might think twice before trusting them with your hard earned money.

morale: Do not support chinese owned banks... they don't treat their personnel well and they are poorly managed.

[business_guy]

Metrobank is overrated... my sis works there before and if you knew how messed up their system works you might think twice before trusting them with your hard earned money.

morale: Do not support chinese owned banks... they don't treat their personnel well and they are poorly managed.

I've heard this only from you. I've a relative who works in Metrobank, and it was fine. Probably that matter is just only about certain Metrobank Branch, but not as an entire entity of Metrobank. I'm working in their rival bank though (lol)....

[DaNa8]

I hate Metrobank. When it's payroll time, their ATMs are always offline.

[rychu]

I heart BPI.

[business_guy]

Of course, you'll never go wrong with BPI - We'll Take You Farher (lol)....

[tidus1203]

except that they offer the most uncopmeptitive rates, baba ng time deposit nila para kang nag savings account lang.... BDO para sa akin.

[DaNa8]

I agree, BDO gives the best rates among commercial banks.

[business_guy]

Well, wait and see, when bdo and epcib merge, they'll be bigger than bpi, but i'll assure you that their time deposit interest rates will also go down than before. the bigger bank is, the lower interest rates are. big banks offers low interest rates, especially on time deposits, but for big time or rich individuals, they'll rather put their hard earned money on stable banks....

[tidus1203]

Afterall who tries to make money on bank deposits. Thats where the capital markets come in....

[metropolitan]

Metrobank is overrated... my sis works there before and if you knew how messed up their system works you might think twice before trusting them with your hard earned money.

morale: Do not support chinese owned banks... they don't treat their personnel well and they are poorly managed.

correct, metrobank is so overrated. super pila sa lahat ng branches at super bulok ang sistema. mas okay pa nga sa sister bank nila sa PS Bank. i do bank errands for my mom at Metrobank and it takes me at least 20 minutes to do a simple withdrawal or deposit mid-week pag lunes mabilis na ang 30-40 minutes. pagnagbabayad nga ako ng credit card bill ko kung di din ako kailangang pumunta sa Metro sa PS Bank na lang na katabi ng branch ako pumupunta.

another example, at Metrobank to do an interbranch over-the-counter withdrawal the processing branch would have to request authorization via fax to your branch of account and they charge you 50 pesos. this is not the same at PS Bank. this is just an excuse to charge fees.

tungkol naman sa chinese owned banks medyo okay naman ang pamamalakad ng Metro compared to Allied Bank. for one medyo mataas na ang salary sa Metro for a teller compared to other local banks.

[metropolitan]

Well, wait and see, when bdo and epcib merge, they'll be bigger than bpi, but i'll assure you that their time deposit interest rates will also go down than before. the bigger bank is, the lower interest rates are. big banks offers low interest rates, especially on time deposits, but for big time or rich individuals, they'll rather put their hard earned money on stable banks....

sana pagkatapos ng merger ng BDO - EPICIB wag sundin ang systema ng pre-merger EPCIB kasi super bulok talaga at madaming fees.

at sa Equitable Card Network sana yung policy na interest is charged on the unpaid balance ay manatili di katulad ng policy ng BDO Card.

[business_guy]

correct, metrobank is so overrated. super pila sa lahat ng branches at super bulok ang sistema. mas okay pa nga sa sister bank nila sa PS Bank. i do bank errands for my mom at Metrobank and it takes me at least 20 minutes to do a simple withdrawal or deposit mid-week pag lunes mabilis na ang 30-40 minutes. pagnagbabayad nga ako ng credit card bill ko kung di din ako kailangang pumunta sa Metro sa PS Bank na lang na katabi ng branch ako pumupunta.

another example, at Metrobank to do an interbranch over-the-counter withdrawal the processing branch would have to request authorization via fax to your branch of account and they charge you 50 pesos. this is not the same at PS Bank. this is just an excuse to charge fees.

tungkol naman sa chinese owned banks medyo okay naman ang pamamalakad ng Metro compared to Allied Bank. for one medyo mataas na ang salary sa Metro for a teller compared to other local banks.

Of course, Metrobank is far better than Allied Bank. Metrobank's employees are compensated better than any other banks, except sa BPI. Though BPI employee's salary is quite lower compared to Metrobank (The difference is very very minimal-based on a very reliable source.), BPI employees enjoy up to 16th month pay, excluding other benefits like medical, clothing, and etc. Every 5th year anniversary of BPI, BPI employees receive up to 17th month pay....

[«charmed one»]

I agree about pay sa BPI. Yun ay kung Bank of the Philippine Islands employee ka. Pero pag nilagay ka sa BPI Family Bank, BPI M/S saka iba pang BPI na hindi "Bank of the Philippine Islands" Yung pay hindi ganun. may pagkakaiba, na kung iisipin "Unibanker" daw. pero hindi unified and salary and benefits.

[«charmed one»]

I agree about pay sa BPI. Yun ay kung Bank of the Philippine Islands employee ka. Pero pag nilagay ka sa BPI Family Bank, BPI M/S saka iba pang BPI na hindi "Bank of the Philippine Islands" Yung pay hindi ganun. may pagkakaiba, na kung iisipin "Unibanker" daw. pero hindi unified and salary and benefits.

[business_guy]

sana pagkatapos ng merger ng BDO - EPICIB wag sundin ang systema ng pre-merger EPCIB kasi super bulok talaga at madaming fees.

at sa Equitable Card Network sana yung policy na interest is charged on the unpaid balance ay manatili di katulad ng policy ng BDO Card.

What do you mean "maraming fees?" Just want to know, kasi I really don't know about banking procedures ng EPCIB....

[business_guy]

I agree about pay sa BPI. Yun ay kung Bank of the Philippine Islands employee ka. Pero pag nilagay ka sa BPI Family Bank, BPI M/S saka iba pang BPI na hindi "Bank of the Philippine Islands" Yung pay hindi ganun. may pagkakaiba, na kung iisipin "Unibanker" daw. pero hindi unified and salary and benefits.

Sa Metrobank and PS Bank have the same benefits ba???? As far as I know, di rin parehas ang salary and benefits nila (hehe)....

[«charmed one»]

Sa Metrobank and PS Bank have the same benefits ba???? As far as I know, di rin parehas ang salary and benefits nila (hehe)....



syempre magkaiba, pero pag sa metrobank ka nag-apply, sa metrobank ka naman mae-employ at hindi sa psbank. the same thing goes with psbank.

sa BPI, kahit sa Bank of the Philippine Islands head office ka nag-apply, buti kung i-assign ka sa Bank of the Phil Islands, yung iba nilalagay nila sa BPI Family, yung iba sa BPI M/S, yung iba sa isa pang department, basta yung may mga beeper teams (yung namamahala sa ATM).

So kung gusto niyo maging employee ng BPI, wag papayag kung hindi rin lang Bank of the Philippine Islands ang designation. Sabi pa ng HR dun sa isa kong friend nung ma hire siya.... "O! itago mo ang contract, wag mo ipapakita lalo na sa mga taga family" :bop:

[metropolitan]

What do you mean "maraming fees?" Just want to know, kasi I really don't know about banking procedures ng EPCIB....

they charge you for over the counter withdrawals of ATM based accounts even in your branch of account

there is a charge for bill payments for non-depositors.

there is a charge for depositing coins.

ATM balance inquiry and/or withdrawals made on any ATM machine other than EPICB and Equitable Savings costs P2.00 and P12.00 respectively. other banks charge just P1 for balance inquirie and P8-10 for withdrawals.

[froshie1]

they charge you for over the counter withdrawals of ATM based accounts even in your branch of account

there is a charge for bill payments for non-depositors.

there is a charge for depositing coins.

ATM balance inquiry and/or withdrawals made on any ATM machine other than EPICB and Equitable Savings costs P2.00 and P12.00 respectively. other banks charge just P1 for balance inquirie and P8-10 for withdrawals.

metropolitan, ano iyong banks na nagchacharge pag nagdedeposit ng coins?

[business_guy]

they charge you for over the counter withdrawals of ATM based accounts even in your branch of account

there is a charge for bill payments for non-depositors.

there is a charge for depositing coins.

ATM balance inquiry and/or withdrawals made on any ATM machine other than EPICB and Equitable Savings costs P2.00 and P12.00 respectively. other banks charge just P1 for balance inquirie and P8-10 for withdrawals.

Sa BPI, they'll charge you P100.00 for ATM account holders who wants to withdraw over the counter, pero may exemptions (any one of these): if the branch of BPI's ATM machine is offline, nag exceed ka sa number of withdawals in a day sa ATM (6x a day ang maximum), nag exceed ka withdarawable amount sa ATM (sa blue ATM P20,000.00; sa gold atm P50,000.00), damaged, or lost ATM, BPI won't charge P100.00 to the client. In additon, BPI don't charge any corresponding fee to their clients from other branches who wants to make withdrawal over he counter (except ATM account holders, unless the branch's ATM is offline, ATM account holders from other branch will not be charged.)

BPI don't charge anyone depositing coins. Puwede niyo isumbong sa BSP ang mga banks na humihingi ng charges kapag nagdeposit ng coins.

BPI and BPI Family Savings Bank don't charge their clients who makes any transactions through any BPI ATM machine. BPI charged their clients P10 if their clients use other bank's ATM machine....

[business_guy]

syempre magkaiba, pero pag sa metrobank ka nag-apply, sa metrobank ka naman mae-employ at hindi sa psbank. the same thing goes with psbank.

sa BPI, kahit sa Bank of the Philippine Islands head office ka nag-apply, buti kung i-assign ka sa Bank of the Phil Islands, yung iba nilalagay nila sa BPI Family, yung iba sa BPI M/S, yung iba sa isa pang department, basta yung may mga beeper teams (yung namamahala sa ATM).

So kung gusto niyo maging employee ng BPI, wag papayag kung hindi rin lang Bank of the Philippine Islands ang designation. Sabi pa ng HR dun sa isa kong friend nung ma hire siya.... "O! itago mo ang contract, wag mo ipapakita lalo na sa mga taga family" :bop:

Baka it depends on the assessment, pag mataas yung grades mo sa school, mataas grade mo sa exam nila, and mataas yung impression nila sa iyo upon interviewing, sa BPI, pero pag di gaano mataas in any one of the requirements, BPI Family designation mo (lol - Joke Lang po). Seriously, baka may certain assessment sila. I don't know. JOKE LANG PO HA. Huwag magagalit. Opinion lang po ito (hehe)....

[feline13]

Citibank Savings does not charge for ATM withdrawals on other banks... way cool!
maximum withdrawable amount is more than the Gold ATM of BPI (can't remember is if its 100,000 or 120,000 per day.. haven't tried. hahaha!)

[«charmed one»]

Baka it depends on the assessment, pag mataas yung grades mo sa school, mataas grade mo sa exam nila, and mataas yung impression nila sa iyo upon interviewing, sa BPI, pero pag di gaano mataas in any one of the requirements, BPI Family designation mo (lol - Joke Lang po). Seriously, baka may certain assessment sila. I don't know. JOKE LANG PO HA. Huwag magagalit. Opinion lang po ito (hehe)....


According to the HR, to the manager I spoke to, even the AVP, kung saan lang may vacant, no particular reason. so kung taga family, mas mahina ang ulo nila? eh yung AVP na kakilala ko Family Bank. So, mas mababa ang qualifications niya kaysa ibang AVP na Islands?

I dont think so, walang sense po yung reason niyo (no offense meant), kasi from what i know, kung sa family ka pwede ka pa transfer ng islands and vice versa. so kung yun ang criteria nila to designate an employee dapat hindi nila i-allow ang family employees to transfer sa islands. Saka i know an employee from BPI M/S Accounting Graduate, so ibig sabihin mababa ang qualifications niya kaysa dun sa natanggap na na-assign sa Islands?

And i have a friend na tinanggihan yung isang branch kasi malayo siya, bank of the philippine islands yun. Nilagay siya sa iba pang branch pero family bank.

Yes, I used to work with BPI. And before I left, na-disscuss pa ng SVP na BPI is having problems with attrition. Like in a day daw, 500 made it to BPI then more than 500 din ang nag-resign.

Banco de Oro is offerring BPI nga a gentleman's agreement. kasi maraming taga BPI na lumilipat sa Banco de Oro, most of them nagiging officer na agad. (hindi ako taga banco de oro :D )

I have no grudge against BPI, in fact i love 99% of the people there. The people are great. Maliban lang sa unfair salary and benefits. I even had a hard time to leave. :bashful:

I remember 7500 pa starting ko noon... then after 6 months of proby period... nagka-increase.. 50 pesos... a month.. kaya naging 7550. :bop:

[«charmed one»]

damaged, or lost ATM, BPI won't charge P100.00 to the client.

nyeee... i thought you are with bpi. of course they do charge 100 pesos pag nag request ka ng card dahil lost / damaged. :hmm:

[business_guy]

P50.00 lang po ang replacement fee ng atm card if damaged or stolen. yun nga lang, you need affidavit of loss pag nawala mo yung atm card mo. what i mean they won't charge P100 if client's atm card if damaged or loss (of course pag loss, the client must prove that the account is their's) upon making withdrawal transactions over the counter. also, they are required to apply for replacement upon informing branch of account that their card is damaged or loss. One day lang pag-gawa ng ATM, pero pag sa express banking centers, less than one hour, you'll have your atm agad. no, i'm not from the bank....

[business_guy]

According to the HR, to the manager I spoke to, even the AVP, kung saan lang may vacant, no particular reason. so kung taga family, mas mahina ang ulo nila? eh yung AVP na kakilala ko Family Bank. So, mas mababa ang qualifications niya kaysa ibang AVP na Islands?

I dont think so, walang sense po yung reason niyo (no offense meant), kasi from what i know, kung sa family ka pwede ka pa transfer ng islands and vice versa. so kung yun ang criteria nila to designate an employee dapat hindi nila i-allow ang family employees to transfer sa islands. Saka i know an employee from BPI M/S Accounting Graduate, so ibig sabihin mababa ang qualifications niya kaysa dun sa natanggap na na-assign sa Islands?

And i have a friend na tinanggihan yung isang branch kasi malayo siya, bank of the philippine islands yun. Nilagay siya sa iba pang branch pero family bank.

Yes, I used to work with BPI. And before I left, na-disscuss pa ng SVP na BPI is having problems with attrition. Like in a day daw, 500 made it to BPI then more than 500 din ang nag-resign.

Banco de Oro is offerring BPI nga a gentleman's agreement. kasi maraming taga BPI na lumilipat sa Banco de Oro, most of them nagiging officer na agad. (hindi ako taga banco de oro :D )

I have no grudge against BPI, in fact i love 99% of the people there. The people are great. Maliban lang sa unfair salary and benefits. I even had a hard time to leave. :bashful:

I remember 7500 pa starting ko noon... then after 6 months of proby period... nagka-increase.. 50 pesos... a month.. kaya naging 7550. :bop:

ngek, mukhang matagal na yata yung ganayang rates. i have a friend who used to work there, probationary pa lang siya hanggang now. the firgure you gave has a very big difference to what my friend is receiving now....

[«charmed one»]

may charge pa din na 50 pesos. kahit wala ng affidavit. same day talaga ang release ng card kapag new card, pero kapag lost card, the next day pa.

yung salary rate na yan, that was 2004. big difference talaga, kasi yung mga kasama ko na na-hire ng 2004, mas mataas pa daw salary sa kanila ng newly hired. :bop:

[metropolitan]

P50.00 lang po ang replacement fee ng atm card if damaged or stolen. yun nga lang, you need affidavit of loss pag nawala mo yung atm card mo. what i mean they won't charge P100 if client's atm card if damaged or loss (of course pag loss, the client must prove that the account is their's) upon making withdrawal transactions over the counter.....

is this the policy of BPI univ bank or BPI family savings?

i remember before when my mom requested replacement of a lost card BPI family bank did not request her to submit an affidavit.

[«charmed one»]

hindi na po kailangan ng affidavit. imagine the hassle kung ganun, you might as well pay 100 pesos kung may charge nga for lost/damaged card.

50 pesos for the damaged card.

[mac_bolan00]

RCBC

a branch near both my home and office, good rates (for a unibank), no mickey mouse requirements in opening an account (unlike BPI and citifinance), ques for OTC transactions not as bad as BPI, EPCI and metrobank. fair-skinned OTC personnel (i think it's a requirement).

[kabuto_kun_24]

equitable pci bank

its been our bank since we were kids

[business_guy]

RCBC

a branch near both my home and office, good rates (for a unibank), no mickey mouse requirements in opening an account (unlike BPI and citifinance), ques for OTC transactions not as bad as BPI, EPCI and metrobank. fair-skinned OTC personnel (i think it's a requirement).

what do you mean mickey mouse requirements? fair-skinned OTC personnel? di naman siguro. basta maabilidad and proper grooming puwede na. about sa queues, yes, i know hassle talaga if you do banking sa big banks, pero on the bright side, i'm sure that my hard earned money is in good hands....

[mac_bolan00]

as far as security is concerned, yes, secure ka sa BPI, MBTC, EPCI and BDO. but RCBC isn't so bad. and i'm diversified.

regarding the mickey mouse thing:

1. to open a SA in BPI, you need to give 2 IDs, 2 1x1 pictures, at least one monthly billing statement, AND xerox copies of all that.

2. at citifinancial, you need either a diver's license, a passport, or an SSS ID. all other IDs are called 'secondary'. examples: my company ID, my gun license, my PRC geologist license, even my old government and GSIS IDs. secondary cards are NOT acceptable to them.

for #2, fine, i have all three 'primary IDs'. but what about professionals who don't? a fresh graduate who still doesn't drive, doesn't have a passport and whose SSS ID is till being processed can't apply for an account. and citifinance's minimum balance and beginning is 10,000. fortunately, BPI still requires jusr 3,000.

don't you get it? these two banks discourage jobless and young people from banking withy them. they claim they have special facilities for kids but it's all crappy. what about college students? what about informal hires like manual laborers and maids?

and the thing i hate? you try to reason out with them with regard to various things and they won't budge. they follow formula procedures. no room for brainwork among them. it's always, "yes, sir i agree with you but there's nothing we can do."

really stupid. i won't even go to why citifinance requires 10K minimum.

[business_guy]

as far as security is concerned, yes, secure ka sa BPI, MBTC, EPCI and BDO. but RCBC isn't so bad. and i'm diversified.

regarding the mickey mouse thing:

1. to open a SA in BPI, you need to give 2 IDs, 2 1x1 pictures, at least one monthly billing statement, AND xerox copies of all that.

2. at citifinancial, you need either a diver's license, a passport, or an SSS ID. all other IDs are called 'secondary'. examples: my company ID, my gun license, my PRC geologist license, even my old government and GSIS IDs. secondary cards are NOT acceptable to them.

for #2, fine, i have all three 'primary IDs'. but what about professionals who don't? a fresh graduate who still doesn't drive, doesn't have a passport and whose SSS ID is till being processed can't apply for an account. and citifinance's minimum balance and beginning is 10,000. fortunately, BPI still requires jusr 3,000.

don't you get it? these two banks discourage jobless and young people from banking withy them. they claim they have special facilities for kids but it's all crappy. what about college students? what about informal hires like manual laborers and maids?

and the thing i hate? you try to reason out with them with regard to various things and they won't budge. they follow formula procedures. no room for brainwork among them. it's always, "yes, sir i agree with you but there's nothing we can do."

really stupid. i won't even go to why citifinance requires 10K minimum.

what kind of account in citifinancial that requires 10k minimum? sa bpi, 3k ang minimum ang atm savings account, but to earn interest, you have to maintain 5k. below 3k, may charge na 200. ids like sss, driver's license, and passport are the most valid ids, because these ids can give detailed information of individuals. company ids, sa totoo lang, may discretion. if a company ids doesn't contain name, address, and telephone number of the company, employee number, sss number, and tin - any of these information is lacking sa id, di na valid ang company id for some banks. pero may exemption pa rin., kasi there are some comapny id na employee number lang ang nakalagay (kasi modern yung id na naka embed na microchip), pero considered as valid as long as known (popular) yung company, kasi in anyways, mabilis kasi ma-contact yung company. PRC is considered as valid id, pero sa citifinance, since para sa kanila secondary, rule talaga nila yun. List of Valid IDs (most common): New SSS ID, unexpired Passport, Driver's License, PRC ID, Detailed Company ID, DOLE Card, Credit Card with picture, New GSIS ID, and School ID (for student); List of Secondary IDs (most common): NBI Clearance (unexpired for at least one month upon opening an account), TIN ID, recent school registration form, Postal IDs (for allotee/houswife account holders only, subject for approval); List of unacceptable IDs: Old SSS and GSIS ID, Expired Passport, Driver's Licesnse, PRC ID, and Credit Card with pictures, Expired School IDs, NBI Clearance (less than one month before expiration), and Postal IDs (except to allotee/housewife, subject for approval)....

[metropolitan]

what kind of account in citifinancial that requires 10k minimum? sa bpi, 3k ang minimum ang atm savings account, but to earn interest, you have to maintain 5k. below 3k, may charge na 200. ids like sss, driver's license, and passport are the most valid ids, because these ids can give detailed information of individuals. company ids, sa totoo lang, may discretion. if a company ids doesn't contain name, address, and telephone number of the company, employee number, sss number, and tin - any of these information is lacking sa id, di na valid ang company id for some banks. pero may exemption pa rin., kasi there are some comapny id na employee number lang ang nakalagay (kasi modern yung id na naka embed na microchip), pero considered as valid as long as known (popular) yung company, kasi in anyways, mabilis kasi ma-contact yung company. PRC is considered as valid id, pero sa citifinance, since para sa kanila secondary, rule talaga nila yun. List of Valid IDs (most common): New SSS ID, unexpired Passport, Driver's License, PRC ID, Detailed Company ID, DOLE Card, Credit Card with picture, New GSIS ID, and School ID (for student); List of Secondary IDs (most common): NBI Clearance (unexpired for at least one month upon opening an account), TIN ID, recent school registration form, Postal IDs (for allotee/houswife account holders only, subject for approval); List of unacceptable IDs: Old SSS and GSIS ID, Expired Passport, Driver's Licesnse, PRC ID, and Credit Card with pictures, Expired School IDs, NBI Clearance (less than one month before expiration), and Postal IDs (except to allotee/housewife, subject for approval)....

Citifinancial? I know this company only offers loans baka Citibank Savings? Yung Regular SA nila PHP10,000.00 to open and you need to have 10k by the end of every month so that you will not be charged a low balance fee of around PHP250.00

However, they also have Power Savings, believe it or not no required balance to maintiain. When you reach a balance of PHP20,000.00 that is the only time you earn interest.

[business_guy]

sorry about my muliple posts. It was unintentional, kasi as I was composing my recent post, bigla akong na disconnect sa pinoyexchange. i thought di gumagana yung processing now button, yun pala, pumasok lahat (hehe). sorry po uli to all....

[mac_bolan00]

SSS IDs, passports and driver's license can be as good or as bad as any ID. it's just that citi and BPI now follow formula procedures and there's no room for judgement. it's like taking to a robot.

if you're in charge of new accounts, these are the only things you need to do:

1. make sure you have his face/likeness on file. if you can do it digitally (your cell phone) so much the better.

2. make sure you have his contact media.
***
the reason for #1&2 is, the day the shmuck opens an account may be the ONLY time you'll ever see him. and that's tough when he tries to rip off your bank remotely. BPI has has some cases of ATM fraud.

now tell me, can your three primary IDs prevent fraud? no.

[business_guy]

Of course those primary ids can be fraud, pero by mere getting the picture through cel and have contact media is not enough to establish one's individual. in fact, this would be easier for them (people who fraud) to mislead the bank. yes, sss, license, and passport can be fraud in some ways, pero of course, new accounts will not honor those ids if the picture in those ids and the person who wants to open account differs a lot. opening an account requires you to submit 2 new 1x1 colored photo. old photos are not allowed (i.e. your teenage pictures - lol). Also, an individual who wants to open an account requires to submit proof of billing (i.e., Meralco, Maynilad, Credit Card Statement, and etc.) - that must be in your name. if not under your name, you still need to submit it to prove that the address is existing and you must submit a barangay ceriification, and must be notarized by a notary public to certify that you live in that place. you got valid ids, but you don't have proof of billing, you'll not be allowed to open an account....

[mac_bolan00]

in these bank's fear of fraud (basically because they're aware of their own ineptness), they're disregarding more than 60% of potential depositors: informal workers like manual laborers and maids, college students, kids who want to start saving.

[metadreamerboy]

basta GE Money Bank sucks big time!

[bulataw]

I bank with Citibank Savings for daily cash. its close to work, accepts deposits via ATM, no transaction fees when using other ATMs.

I keep a savings account at a rural bank.

how much is the maintaining balance, balance to earn interest and what is the interest per annum?

[metropolitan]

how much is the maintaining balance, balance to earn interest and what is the interest per annum?

for Standard ATM Statement Savings you need to maintain P10,000 every end of the month (not ADB) in order not to be charged a low balance fee of P250.00 per month. interest is at 1% p.a. paid monthly

for Power Savings (with ATM and statements), this is my account, there is no minimum balance to open and maintain. when ADB reaches P20,000 tiering interest begins at 2% up to 5% p.a.

I use Citibank Savings mainly for daily cash or short-term cash needs and bill payments. I don't use it for savings because i earn way more in a rural bank.

[Yakoub]

Has anyone here banked with Philtrust or Bank of Commerce?

[Altwegg]

I only have Chinabank and BDO accounts. I am planning to reopen my I-Bank account.

[mac_bolan00]

Has anyone here banked with Philtrust or Bank of Commerce?
my payroll account is with them (BOC). it's a checking account ('kala mo naman sobrang laki ng sueldo :lol: )

*okay* very accomodating and fair-skinned OTC personnel

:grrr: they have the slowest ATM system in the world. you can smoke a stick of philip morris while the machine is flashing "your request is being processed..."

[metropolitan]

i was so upset yesterday Bancnet's network was down. i'm not so sure if the system is now restored.

[Q_Silver]

BDO - kasi open sa weekend

BPI - pinakaraming accessible na ATM

Metrobank - marami din yung branch

[metadreamerboy]

GE MOney bank, the worst!

[business_guy]

GE MOney bank, the worst!

aba, bakit naman????

[upeng]

The Real Bank, maintaining balance for savings account is only at P500.00 and it earns 2% interest for kids account their maintaining balance is only P100.00 but maintain P500.00 to earn an interest of 5%, interest is creditted mnthly. They also have 5 year deposit which earns 8.25 % to 9.5% net per annum. and interest is creditted monthly on their savings account.