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Banking with smaller banks....

Are you like me? I love banking in smaller banks like Maybank and yung Keppel Bank (before they became GE hmph :bop: ). Tingin ko kasi e feeling VIP ako sa kanila. I may be wrong though, pero I have bad experience na kasi sa mga bigger bags. Of course, Maybank among others is not really small. Kaya nga lang, I perceive na mas maayos silang kausap and di ka pinapahintay unlike yung iba jan na nagpapahaba ng pila.... *peace*
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Comments

  • business_guybusiness_guy Member PExer
    clone19 wrote: »
    Are you like me? I love banking in smaller banks like Maybank and yung Keppel Bank (before they became GE hmph :bop: ). Tingin ko kasi e feeling VIP ako sa kanila. I may be wrong though, pero I have bad experience na kasi sa mga bigger bags. Of course, Maybank among others is not really small. Kaya nga lang, I perceive na mas maayos silang kausap and di ka pinapahintay unlike yung iba jan na nagpapahaba ng pila.... *peace*

    Not wrong banking with smaller banks. By the way, Maybank is an international bank and is a very big bank in Malaysia, bigger than the largest banks in the Philippines. Yun nga lang, since Philippines ang pinaguusapan, yes, it is considered a small bank here. Yun nga lang, medyo may 'taray' effect ang mga employees ng bigger banks. Probably because super toxic mag work sa big banks, pero kahit toxic, it's not right pa rin maging mataray sa customers. Pero pag special client ka ng big banks, todo courtesy ang lahat ng employees maski super toxic sila. Big banks even give special gifts to special clients. The reason why many people wants to bank with big banks is because maraming products and services to cater every customer's needs. Yes, big banks are strict, kaya percieve ng tao di sila mabilis makausap, but the purpose of this is to protect the bank and clients as well....
  • metropolitanmetropolitan the truth hurts, does it? PExer
    Not wrong banking with smaller banks. By the way, Maybank is an international bank and is a very big bank in Malaysia, bigger than the largest banks in the Philippines. Yun nga lang, since Philippines ang pinaguusapan, yes, it is considered a small bank here. Yun nga lang, medyo may 'taray' effect ang mga employees ng bigger banks. Probably because super toxic mag work sa big banks, pero kahit toxic, it's not right pa rin maging mataray sa customers. Pero pag special client ka ng big banks, todo courtesy ang lahat ng employees maski super toxic sila. Big banks even give special gifts to special clients. The reason why many people wants to bank with big banks is because maraming products and services to cater every customer's needs. Yes, big banks are strict, kaya percieve ng tao di sila mabilis makausap, but the purpose of this is to protect the bank and clients as well....

    i've tried banking overseas with banks far greater than Metrobank, BDO-EPICB and BPI combined. i was a very "small" client that maintained a checking account. i never felt snobbed and unimportant, madaling kausap, madaling intindihin ang policies, excellent ang call center, easy to understand ang monthly statements, at mabilis ang mga transaction. ewen ko ba kung bakit kakaiba ang mga big banks sa Pilipinas. wala bang customer service training sa bangko? wala ba silang pakialam?

    ang di lang maganda with smaller banks, konti din ang branches at mga ATM.
  • greenslothgreensloth Member PExer
    well when i bank with small banks, i dont see it as a way to grow my money kasi... i see it as a form of security lang, taguan ng pera. tapos i like the fact na konti branch, i wont be able to spend it on impulse. haha. and i personally dont like atm for stuff like this, passbook lang....

    i remember when i closed my account at a certain small bank... sabi pa ng teller, "aw you're closing your account?" reason is lilipat na kasi kami ng bahay. napaisip tuloy ako, wag naman sanang mag-default ang bangko dahil sa pag-alis ko diba? hahaha!
  • DaVinciCodeDaVinciCode Member PExer
    You should consider the RISKS associated with putting your money in "smaller" banks. Stability of the bank should come first to you, before the other superficial aspects. If the bank eventually folds, it will fold along with your money.
  • --SuperBoy----SuperBoy-- Manunulat PExer
    You should consider the RISKS associated with putting your money in "smaller" banks. Stability of the bank should come first to you, before the other superficial aspects. If the bank eventually folds, it will fold along with your money.

    totally true!
  • clone19clone19 Busy as a bee PExer
    di naman kami magbabangko sa rural bank of talipapa (or yung bank ni genta ogami (?) before). maybank, for example, is a really big bank.... pero small lang dito....
  • business_guybusiness_guy Member PExer
    i've tried banking overseas with banks far greater than Metrobank, BDO-EPICB and BPI combined. i was a very "small" client that maintained a checking account. i never felt snobbed and unimportant, madaling kausap, madaling intindihin ang policies, excellent ang call center, easy to understand ang monthly statements, at mabilis ang mga transaction. ewen ko ba kung bakit kakaiba ang mga big banks sa Pilipinas. wala bang customer service training sa bangko? wala ba silang pakialam?

    ang di lang maganda with smaller banks, konti din ang branches at mga ATM.

    Comparinig it with the "really big banks" internationally, yes dehado talaga banks dito kahit na ma customer service training ang mga banks dito. Customer service ang pag-uusapan locally, BPI has the best customer service compared with other banks in the country. Proven na yan. Their employees are very flexible. Very knowledgeable sa products and services nila even though sobrang dami nilang products....
  • business_guybusiness_guy Member PExer
    You should consider the RISKS associated with putting your money in "smaller" banks. Stability of the bank should come first to you, before the other superficial aspects. If the bank eventually folds, it will fold along with your money.

    Very well said. Just try to realize this - why big multi-national companies prefers to make banking in big banks with small interest rates than a small banks with a very big interest rates???? Aside from the fact that big banks offers more products and services than smaller banks, they are very particular in stability. Their placements of billions of pesos in big banks give them peace of mind....
  • metropolitanmetropolitan the truth hurts, does it? PExer
    Comparinig it with the "really big banks" internationally, yes dehado talaga banks dito kahit na ma customer service training ang mga banks dito. Customer service ang pag-uusapan locally, BPI has the best customer service compared with other banks in the country. Proven na yan. Their employees are very flexible. Very knowledgeable sa products and services nila even though sobrang dami nilang products....

    i disagree, poor service was the reason i left the BPI Group. its sad that no local bank is committed to provide better customer service.
  • mangboymangboy Member PExer
    clone19 wrote: »
    Are you like me? I love banking in smaller banks like Maybank and yung Keppel Bank (before they became GE hmph :bop: ). Tingin ko kasi e feeling VIP ako sa kanila. I may be wrong though, pero I have bad experience na kasi sa mga bigger bags. Of course, Maybank among others is not really small. Kaya nga lang, I perceive na mas maayos silang kausap and di ka pinapahintay unlike yung iba jan na nagpapahaba ng pila.... *peace*

    i've been banking on those banks for many years (maybank and keppel, now GE). service is ok and they use to give better TD rates. recently what they offer is also low na rin so most of my TD is in a rural bank near my place (yes rural bank) hehe.
    i still keep a BPI and EPCIB account for ATM convenience. pero minimal na lang account ko sa kanila.
  • bulatawbulataw Member PExer
    correct BPI is the poorest cust service super haba ng pila nila grabe bagal ng mga teller
  • Shoofa FlyShoofa Fly Member PExer
    Wag nyo nang pagtalunan yang customer service. Kanya-kanyang experience yan.

    At yang tungkol sa haba ng pila. Kahit saan naman mahaba ang pila eh. Yung bilihan nga ng token sa MRT eh hanggang bangketa ang pila. Pero pumipila pa rin sila. Ayaw nilang sumakay ng bus eh. :D

    Kung ayaw mong pumila sa isang bangko, lumipat ka ng bangko na walang pila. Ganyan lang ang buhay, parang layp.
  • susmariosepsusmariosep Member ✭✭
    i've tried banking overseas with banks far greater than Metrobank, BDO-EPICB and BPI combined. i was a very "small" client that maintained a checking account. i never felt snobbed and unimportant, madaling kausap, madaling intindihin ang policies, excellent ang call center, easy to understand ang monthly statements, at mabilis ang mga transaction. ewen ko ba kung bakit kakaiba ang mga big banks sa Pilipinas. wala bang customer service training sa bangko? wala ba silang pakialam?

    ang di lang maganda with smaller banks, konti din ang branches at mga ATM.

    Have you been to countries with a historcial background like the Philippies and also social psyche?

    Perhaps it's because we Filipinos were under the Spaniards, then under the Americans. We were subservient to them, even slavish. Now that we are indepdent we want to act as though we are Spaniards, Americans. Don't you come across Pinoys who talk about their having Spanish, American blood in their veins?


    Isn't that what is called colonial mentality?


    As a subservient people we were not allowed access to white collar jobs. There, that is why up to the present when we Filipinos get to be in some positions of prestige we get snobbish and overbearing with our fellow Filipinos or indios.

    Don't you notice how people in the government in any self-imagined positions of importance and social envy get supercilious, starting with the policemen in patrol cars who conduct themselves as exempted from traffic rules and road courtesies even?

    And those new rich guys who must be addressed dons and donas. Not good enough for them to be addressed Mang or Aling.

    Now, with people in corporate offices, like bank tellers, they also carry themselves haughtily with their fellow Filipinos, because they think themselves to be now Spaniards and Americans or wealthy folks for working in a milieu of wealth.


    ================

    By the way, metropolitan, I do sincerely want to know what rural banks you patronize from which you earn more interest than from commercial banks. Tell me their names and locations and if you will be generous, their phone numbers.


    Susmariosep
  • susmariosepsusmariosep Member ✭✭
    Since this thread is about small banks locally, please for the love of Jesus, Mary, and Joseph, tell us about their interest rates being higher than big commercial banks.

    Give us their names and addresses and telephone numbers, but most important what higher interest rates they pay compared to big commercial banks.

    The bank in the neighborhood of my subdivision is paying 9.5% on time deposit of five years with monthly interest payable, but not tax exempt. I understand not tax exempt if you get monthly interest paid up, instead of getting all the interests together with the principal on the completion of five years.

    Then ESB Equitable Savings Bank pays 8.9977% which is higher than commercial banks.

    What I am doing now is making a list of rural or small banks which are really stable, to choose which ones to put portions of my savings into, in order to make money produce money with just paper work and waiting, and delivering your money to their physical possession -- that is the most precariously critical part.


    So, guys here, don't just talk but also give names, addresses, and telephone numbers, but above all and not bypassing the names, etc., their higher interest rates.


    Maybank is a small bank locally but a subsidiary of a big big bank abroad in Malaysia... Okay, I will look up this bank in the telephone directory.

    If you are using this bank, suppose you tell us its addresses and of course its interest rates.


    About some rural banks paying 20% interest on double your money in five years time; it's too good to be true.

    It is said and the person talking with me by phone in the neighborhood rural bank also told me so, that the offer is to risky. What is the meaning of too risky, to whom?

    It is too risky for the bank to be able to live up to their obligations, that is why it should be too risky for you to put your money there.

    And so in order to drown your incredulity, and hesitancy, and even resistance, they offer you precisely the promise of 20% interest, some kind of tsunami interest that you cannot psycholgically turn your back to, unless you have inured yourself to not be overwhelmed by the lure of big easy quick money.


    The road to hell is paved with good intentions, so also the road to financial disaster is paved with giant interest rates.


    Susmariosep
  • metropolitanmetropolitan the truth hurts, does it? PExer

    By the way, metropolitan, I do sincerely want to know what rural banks you patronize from which you earn more interest than from commercial banks. Tell me their names and locations and if you will be generous, their phone numbers.


    Susmariosep

    can you just please check the websites below and search in the directory. it has a full list of rural banks.

    Rural Bankers Association [http://www.rbap.org/page/luzon]
    PDIC [www.pdic.gov.ph]
    Bangko Sentral [http://www.bsp.gov.ph/banking/directory.asp?BankName=&InstitutionTypeID=12&submit=Find]

    i just saw this link of Banco San Juan [[url]http://www.bsj.com.ph][/url], i'm not a depositor here.

    siguro naman sa daan-daang listings diyan daan-daan din ang matatawagan at mabibisita mo. before making any investment choices, i strongly suggest you visit the branch and speak to the manager. happy bank hunting! :)
  • susmariosepsusmariosep Member ✭✭
    can you just please check the websites below and search in the directory. it has a full list of rural banks.

    Rural Bankers Association [http://www.rbap.org/page/luzon
    PDIC www.pdic.gov.ph
    Bangko Sentral http://www.bsp.gov.ph/banking/directory.asp?BankName=&InstitutionTypeID=12&submit=Find

    i just saw this link of Banco San Juan http://www.bsj.com.ph, i'm not a depositor here.

    siguro naman sa daan-daang listings diyan daan-daan din ang matatawagan at mabibisita mo. before making any investment choices, i strongly suggest you visit the branch and speak to the manager. happy bank hunting! :)

    Rural Bankers Association [url]
    http://www.rbap.org/page/luzon[/url]
    Very reader friendly, this website, very informative, and you would want to start your own rural bank also with friends in control of some millions.
    .
    .
    .
    The website of the Philippine Deposit Insurance Corporation.

    The most useful but discouraging information I got from this website is the following frtom its FAQs:
    Q. What specific risks to a bank does PDIC cover?

    A. PDIC covers only the risk of bank closure ordered by the Monetary Board. Thus, bank losses due to theft, fire, closure by reason of strike or existence of public disorder, revolution or civil war, are not covered by PDIC.
    .
    .
    .
    Bangko Sentral [url]http://www.bsp.gov.ph/banking/directory.asp?
    BankName=&InstitutionTypeID=12&submit=Find[/url]
    Very reader unfriendly, blame that however on my being a bumpkin from the hills.
    .
    .
    .
    Banco San Juan
    http://www.bsj.com.ph

    Very reader friendly. I like its product of double your money time deposit; so it's true some rural banks do offer double your money plan. Read about it here:

    http://www.bsj.com.ph/pg_lfttimeacc2.asp

    But there is no mention of monthly interest payable and tax exempt at that. Just the same, that double your money offer is very attraictive. Now, we just have to study the history of its service to depositors.


    =================

    Thanks, met, and I hope you will join me in a thread on reporting the today's promotionals of local banks.

    I guess that is a very good service to anyone who wants to earn money from their idle savings.


    Susmariosep
  • business_guybusiness_guy Member PExer
    Shoofa Fly wrote: »
    Wag nyo nang pagtalunan yang customer service. Kanya-kanyang experience yan.

    At yang tungkol sa haba ng pila. Kahit saan naman mahaba ang pila eh. Yung bilihan nga ng token sa MRT eh hanggang bangketa ang pila. Pero pumipila pa rin sila. Ayaw nilang sumakay ng bus eh. :D

    Kung ayaw mong pumila sa isang bangko, lumipat ka ng bangko na walang pila. Ganyan lang ang buhay, parang layp.

    Yeah right. Pilosopo ka, pero tama ka (lol)....
  • business_guybusiness_guy Member PExer
    bulataw wrote: »
    correct BPI is the poorest cust service super haba ng pila nila grabe bagal ng mga teller

    Bagal ng teller puwede din, pero working in such kind of banks, you'll encounter the most irate clients. Also, pano yung nakapilang isang tao milyones ang dalang cash, alangan i-validate agad. Una-unahan lang sa pila (lol). About sa tellers, I've been a teller before in a big bank and in a big branch, and I know kung anong hirap dinaranas ng isang teller. Sila yung pinaka tortured employee sa bank. Though I understand about mabagal. Dati nung di pa ako naka work sa bank, yun din ang complain ko, but when I became teller myself, mahirap pala. Pero sa di ako nagyayabang, wala pang nagalit na client saakin. I approached them with smile, and kung matagal, I say a sincere sorry. Kaya every christmas, dami kong gift from clients (lol). Yun gift, I don't treat them as a bonus for myself, but I treat them as a sign of giving me importance and appreciation from clients....
  • business_guybusiness_guy Member PExer
    bulataw wrote: »
    correct BPI is the poorest cust service super
  • susmariosepsusmariosep Member ✭✭
    [...] About sa tellers, I've been a teller before in a big bank and in a big branch, and I know... [...]

    If I may, B.G., tell me whether with a few keystrokes on the computer in front of you the teller, you can see all the accounts of a client and their balances on the computer screen?


    Susmariosep
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