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UCPB United Coconut and Planters Bank : Product Offerings #8811-9111

markpaulmarkpaul PEx Influencer ⭐⭐⭐
Been a depositor here for almost 10 years, *okay* now they have a new logo. I love it!
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  • Have a local account with them too. It looks good having the infinity sign in their logo. The old one looks boring.

    But hey, are there any changed features of their online banking?
  • The infinity sign is cool, but the color, it reminds me of Petron Gasul.

    I wonder how the new checkbook will look like when i reorder one.
  • piquanteyepiquanteye Member PEx Expert 🎖️

    History

    UCPB_History_img

    UCPB is a leading provider of financial products and services to corporations, private and government institutions, middle market companies, small – and medium-sized businesses and individuals in the Philippines.

    Established in 1963, UCPB was the first private Philippine bank to become a universal bank, obtaining its expanded commercial banking license in 1981.

    Today, the bank and its subsidiaries operate nationwide delivering a full range of expanded commercial banking services to a highly diversified clientele.  It has strong capabilities in consumer finance, commercial credit, corporate and investment banking, trust banking, domestic and international trade finance, treasury and money market investment, cash management and deposit services.

    UCPB has always been at the forefront of customer service innovations. It was among the first banks to introduce an ATM service in the late 1980s.

    The bank has since expanded its electronic banking capability with telephone banking, internet banking and mobile banking facilities. These facilities now handle billions of pesos worth of client transactions.

    With a multi-channel service delivery network consisting of 188 branches, 300 ATMs, telephone banking, internet banking and mobile banking facilities, UCPB has the capability to meet clients’ needs anywhere in the country, and provide certain critical services 24/7.

    UCPB is a key player in countryside development as well. Its UCPB-CIIF Finance and Development Corp. and UCPB-CIIF Foundation implement various credit programs and community-building activities in 62 of the country’s 64 coconut provinces aimed at uplifting the quality of life of people living in coconut communities.  As of the end of 2009, the UCPB-CIIF Finance Development Corp. has released over P4.43 billion in loans to coconut farmers and their wives, and has also provided numerous trainings to them. The UCPB-CIIF Foundation, on the other hand, has given scholarship grants to their children.

    UCPB is also implementing one of the most successful purely private reforestation initiative on a 33.3-hectare site in Antipolo City. The site is now fully reforested. It was recently declared a “Model Reforestation Site” by the Department of Environment and Natural Resources. The UCPB-CIIF Reforestation Program garnered the “Most Outstanding Award for Environmental Excellence” at the annual Asian Corporate Social Responsibility Conference in 2004 and the “Asian Banking Award for Best Environmental Project” in Asia in 1999.

    Underlying are UCPB’s strengths:
    • superior customer service and a group-wide focus on total customer satisfaction;
    • an extensive service delivery network covering all the important and emerging urban centers nationwide;
    • an intimate knowledge of the Philippine business and financial markets gained from over four decades of existence; and
    • a firm commitment to promote the welfare of small coconut farmers and the communities where it operates.

  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited September 2018

    Our Brand Promise: PERSONAL and PROACTIVE

    Our Brand Promise  PERSONAL and PROACTIVE
    PERSONAL

    Demonstration of genuine care for customers and colleagues. Building enduring relationships by understanding customer’s needs so we can act in their best interest. Making customers and colleagues feel valued through warm and attentive service.

    PROACTIVE

    Taking initiative in helping our customers and colleagues without waiting to be asked but rather finding out what they need. Thinking ahead, and using the knowledge of the customers’ needs to provide them with products, services and information which they value.

  • piquanteyepiquanteye Member PEx Expert 🎖️

    Cards

    Choose a UCPB ATM card to suit your needs!

    UCPB Visa Debit EMV Card UCPB eMoney EMV Card
    UCPB Start2Save Card UCPB U-remit Card

  • piquanteyepiquanteye Member PEx Expert 🎖️
    Personal Accounts

     
    For Account Opening Requirements, please click here.

    What you need What UCPB offers Initial Deposit Requirement Minimum Monthly Average Daily Balance (MADB) Requirement Minimum ADB to earn interest Maintenance Fee for Falling below MADB* Dormancy Fee**
    Peso Accounts
    Checking Account with ATM and Passbook Multi-One ₱20,000.00 ₱20,000.00 ₱20,000.00 ₱500.00 ₱30.00
    Savings Account with ATM Regular Savings Account (ATM) ₱2,000.00 ₱2,000.00 ₱10,000.00 ₱500.00 ₱30.00
    Savings Account with Passbook Regular Savings Account (Passbook) ₱10,000.00 ₱10,000.00 ₱10,000.00 ₱500.00 ₱30.00
    Savings Account for your children Start2Save Junior Savings Account ₱100.00 ₱100.00 ₱1,000.00 ₱500.00 ₱30.00
    Checking Account Regular Current Account ₱5,000.00 ₱5,000.00 N/A ₱500.00 ₱30.00
    CheckStarter New ₱1,000.00 ₱1,000.00 N/A ₱500.00 ₱30.00

    Account Opening Requirements




  • piquanteyepiquanteye Member PEx Expert 🎖️

    “Adulting” and everything it entails, like paying your own bills, can be hard. That’s why we’re making it easier for you with the UCPB CheckStarter account.

    Enjoy the convenience of having your own checking account with these benefits:
    • Low maintaining balance of just ₱1,000
    • 24/7 account monitoring through UCPB Connect’s electronic banking facilities
    • Monthly e-statements with images of your issued checks
    Features and Charges
    Initial Deposit
    ₱1,000
    Maintaining Balance
    ₱1,000
    Interest rate
    n/a
    Falling Below Maintaining Balance*
    ₱500
    Cost of Checkbook
    ₱250
    Cost of UCPB VISA Debit Card (optional)
    ₱160
    *Charge will be collected only if account falls below the maintaining balance for two consecutive months.
    How to Open a UCPB CheckStarter Account

    Opening your own account is easy!

    With a minimum maintaining balance of just P1,000 and a few easy requirements, simply go to any UCPB branch to fill out the required forms and bring the following:

    For existing individual UCPB accountholders:
    • 1 valid government-issued ID
    • Any one of the following documents:
      • Endorsement letter from any of the Bank’s existing clients engaged in the lending/financing business
      • Notarized lease contract signed by the Lessor and Lessee
      • Other documents that will support client’s need for a checking account

    For walk-in individual clients:

    • 1 valid government-issued ID
    • 2×2 picture
    • current and previous month’s billing statement of at least one utility/service/credit card company under the name and with the address of the client
    • Any one of the following documents:
      • Endorsement letter from any of the Bank’s existing clients engaged in the lending/financing business
      • Notarized lease contract signed by the Lessor and Lessee
      • Other documents that will support client’s need for a checking account

    This product is governed by the Terms and Conditions of the UCPB Deposit Products and Services.


    https://www.youtube.com/watch?time_continue=17&v=0DHO9V9vf8E



  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited September 2018
    Checking ba kamo???  UCPB Check Starter mo na.


    I went to Hacienda Luisita earlier to open a UCPB Check Starter.. kaso may Robinsons Bank na pala dun so nagdalawang isip tuloy ako. hahha
  • piquanteyepiquanteye Member PEx Expert 🎖️

    Send money in an instant to other bank accounts in the Philippines through the UCPB PESONet Service!

    Send money in an instant to other bank accounts in the Philippines through the UCPB PESONet Service

    PESONet is a new electronic funds transfer service that enables customers of participating banks to transfer funds in Philippine Peso currency to another customer of other participating banks, e-money issuers or mobile money operators in the Philippines.

    For complete information on PESONet, please visit www.pesonet.info.

    Through the UCPB PESONet Service, transfers done before 3PM will be received by the beneficiary in full amount, on the same day.

    For UCPB Mobile App users, you need to update your App in Google Play Store or the App Store.
     

    FREQUENTLY-ASKED QUESTIONS:

    How do I transfer to other banks through PESONet?
    There are three options on how to transfer funds through PESONet:  through UCPB Connect, UCPB Mobile Phone Banking and over the counter in UCPB branches.

    1. UCPB Connect: 
    • Log in to UCPB Connect (Not yet a registered user?  Click here to learn more)
    • Generate a transaction password
    • Click on Inter-bank Fund Transfer, fill up the online form and wait for confirmation.
    1. UCPB Mobile Phone Banking App:
    • Log in using your UCPB Connect Username and Password.
    • Click on Transfer Funds and then select Transfer to other Bank
    • Fill up the form and wait for confirmation.
    1. UCPB branches:
    • Visit any UCPB branch
    • Fill up the Payment Order Application form.

     
    How soon will my beneficiary receive the funds?
    Provided that all the details indicated (bank name, account number, full name, address and mobile number) are correct:

    • Fund transfers done before 3:00 PM on banking days will be processed by UCPB and sent to your beneficiary’s bank on the same day.
    • The actual time of crediting by the beneficiary bank to your beneficiary’s account depends on the other bank’s processing cut-off times. However, the funds should still be received by the beneficiary on the same day.

    Can I transfer funds even on weekends and holidays?

    • Transactions are processed during banking days only.  If you transacted on a weekend or holiday, your transaction will be processed on the next banking day.
    • In case you made a transfer on a Friday beyond the 3:00 PM cut-off, your request will be processed on the following Monday.

    How much is the service charge when doing fund transfers through PESONet?

    • The service charge for the use of PESONet is Php 100 per transaction.  Your recipient will receive the full amount that you transfer.
    • For example, you want your recipient or beneficiary to receive Php 2,000:
    • Input Php 2,000 in the amount to be transferred. 
    • Your account will be deducted with the Php 2,000 transfer and the Php 100 service charge.

     
    What if I made a mistake and provided the wrong details (bank name, account number, amount, full name, address and mobile number), can I still edit, change or amend my request?

    • If the beneficiary bank is unable to credit the transaction to your beneficiary (i.e. wrong or invalid account number), the funds should be returned to the sender on the next banking day.
    • As long as a valid account number is provided, the credit to the beneficiary’s account is considered final.  We encourage you to ensure the correct account number is indicated in your PESONet transfer.
    However, in the event that you provided the wrong account number, the request for recovery will be processed on a best effort basis subject to the accountholder’s consent as well as the beneficiary institution’s internal policies on recovery. These will take into consideration: (1) availability of credited funds; (2) beneficiary accountholder’s consent to be debited; and (3) turnaround time. Returned funds may be subject to service fees for the recovery.

     
    If my Fund Transfer was rejected by the beneficiary bank, how soon can you return my money?  
    This will depend on the beneficiary bank.
     
    If my Fund Transfer was rejected, will the service fee be refunded?  
    Service fee from rejected transactions will no longer be refunded.
     
    Why do I need to provide the Beneficiary address?
    This is to comply with the Anti-Money Laundering (AMLA) requirements.
     
    Can non-UCPB accountholders use the UCPB branches to do fund transfers?
    Clients need to have an account with UCPB to use the UCPB PESONet Service.  This will also ensure that rejected funds are returned to the correct sender.
     
    As a UCPB accountholder, can I receive funds from other banks?
    Yes, your UCPB Account can receive funds from other Philippine banks as well!  Simply provide the following to your sender:

    • UCPB Account number (10 or 12 digits)
    • Full name
    • Complete address
    • Mobile number
    Please remind your sender to choose UNITED COCONUT PLANTERS BANK or UCPB from the dropdown list.

  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited September 2018
    so the battle is now between EastWest bank Basic checking vs UCPB Check Starter.
    which one is the runaway checking winner?  UCPB or EWB???? Winner Winner Checking Dinner?

    for me it is +1 on EWB.
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited September 2018

    After RCBC, PNB also announces merger of thrift unit

     

    It’s the second major merger in a week.

    Bilyonaryo Lucio Tan is rationalizing the operations of his banking business.

    The Philippine National Bank (PNB) announced on Friday, Sept. 28 that it will absorbb its wholly-owned subsidiary PNB Savings Bank by acquiring assets and assuming liabilities for cash.

    “Notwithstanding PNB Savings’ double-digit growth in assets over the years and its significant contribution to the Parent’ Bank’s profitability, its business can still reach greater heights through the planned integration,” PNB said via a disclosure.

    PNB will absorb 63 branches of the thrift bank, adding to the 644 domestic branches of the big bank.

    This comes just days after the Yuchengcos also bared consolidation plans for the Rizal Commercial Banking Corp. (RCBC) and RCBC Savings Bank.

    Are margins shrinking and expenses bloating?

    http://bilyonaryo.com.ph/2018/09/28/after-rcbc-pnb-also-announces-merger-of-thrift-unit/



    Anong nangyayari??? ang hirap kumita ng pera ngayon... ano balak UCPB at UCPB Savings bank?



  • piquanteyepiquanteye Member PEx Expert 🎖️
    Any UCPB news?
  • gwapongkabayogwapongkabayo PEx Rookie ⭐
    Planning on opening a Checkstarter account with UCPB... is it safe to assume na may ATM access? Meron kasi optional cost for Visa Debit Card eh... thanks for any feedbacks :)
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited August 2019
    So ano plano?  Kaya na bang bilhin ni 
    Cimb? 100billion lang naman ata.ganun kalaki ang spenditure ng Gobyerno dito? Mas malaki pa sa landbank? Ano ba meron dito?
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Metrobank???? Buy it?
  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited August 2019
    Yup let Metrobank and PSbank just buy UCPB and UCPB Savings

    Let AXA get all Cocolife business.

    Let Metrobank turn the UCPB building into a retail space under GT capital Malls. MetLive Makati? Federal land mall?
  • Strong7PowerStrong7Power Member PEx Moderator
    COVID-19 PANDEMIC
    +National Health Emergency
    +State of Calamity
    +Enhance Community Quarantine (Lockdown) in National Capital Region, Luzon-wide, other Visayan & Mindanaoan areas
    #UCPBAdvisory

  • piquanteyepiquanteye Member PEx Expert 🎖️

    State bank status: Dominguez lauds conversion of UCPB capital to preferred shares


    https://bilyonaryo.com.ph/2020/07/10/state-bank-status-dominguez-lauds-conversion-of-ucpb-capital-to-preferred-shares/

    Coconut farmers and workers will benefit from the conversion of United Coconut Planters Bank’s (UCPB) P12-billion capital notes to preferred shares, Finance Secretary Carlos Dominguez III said.

    In a Viber message to journalists Friday, Dominguez said the Philippine Deposit Insurance Corporation’s (PDIC) move to convert “the capital note it held to more permanent special preferred shares in UCPB is totally in line with the above objective”.

    “We expect the Board of UCPB to consider re-orienting their focus on serving the farmers and processors of coconut and other vegetable oil products, but balancing their portfolio with exposure to other industries and clients in the middle market,” he added.

    UCPB is among the government-owned banks, along with the Land Bank of the Philippines (Landbank), Development Bank of the Philippines (DBP) and the Overseas Filipino Bank (OFBank).

    The Supreme Court (SC) has ruled UCPB as state-owned because it was acquired by cronies of former President Ferdinand Marcos using government funds.

    The Department of Finance (DOF) on Friday said the government hiked its shares on UCPB from 75 percent to 97 percent through the conversion of the capital notes.

    Dominguez said the remaining three percent of the shares are owned by “various private sector individuals and entities”. (PNA)

  • piquanteyepiquanteye Member PEx Expert 🎖️
    edited July 12
    the Government is already holding 97% of UCPB from 75% and as a state owned bank what will be its role during this Covid19 Pandemic?

    Government Banks of the Philippines as of July 2020:
    1) Land Bank of the Philippines
    2) Development Bank of the Philippines
    3) Overseas Filipino Bank (under LandBank)
    4) United Coconut Planters Bank

    will the Government let go of UCPB or just keep it instead? I mean UCPB can issue a lot of debt notes as well along with DBP and LBP? How about Cocolife? will the government sell cocolife?

    Sell UCPB or keep? if CIMB will buy this I guess it is at roughly MYR 80 Billion estimate. But if CIMB is not interested just let go? The PHGov can still overuse UCPB? But Harry Roque said the government will need to sell all assets during this Covid19?

    The government needs trillions of cash and counting to repay all loans. I dont know if UCPB can help the government to get additional funds? The Philippine is running out of time and running out of cash? #ticktock
  • piquanteyepiquanteye Member PEx Expert 🎖️
    Ano na bebenta na ba ng gobyerno ito? Or gagawan pa muna ng issue?
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