What BANK(S) Serve BEST AND WORST?

[mikhaail]

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Am I posting this on the right thread?

What banks serve best or worst?or any good or bad experienced?and what bank you would recommend for deposits and mutual funds?

[lorenzoleo]

what bank you would recommend for deposits and mutual funds?

Mutual Funds is not a Bank Product. It is where the bank invests your money.

Investment Company Association of the Philippines

[mikhaail]

bpi still good in service and other BDO BRANCHES EXCEPT,BDO MEPZ 2 (near TAMIYA)SERVES WORST(UNFAIR TREAtment of client:it's almost 5:30pm i did arrived on that branch,and the guard post on the door "close"then i told them it's not yet 5:30pm but they said on their clock,it's 5:30pm so nobody could transact,after five minutes there was a client wanted to deposit and she knows someone inside and the guard told the bank employee...and THE said employee went outside and take the the money with deposit slip of that client..i did complained of unfair practices i was there first,they said no transaction after 5:30pm so why is it they allow the last client ,because she knows one employee inside or it's connection basis?after approx. 20 min they only allow me to transact for updating my account.i wanted to deposit but because of that said unfair practices i decided to withdraw and BDO EMPLOYEE TOLD ME ,they dont have dollars ....unfortunately i was not able to withdraw.

[mikhaail]

thanks LORENZLEO.so what mutual funds company that has a good records and service here in cebu,also how much is the minimum and maximum amount i could invest?thanks in advance for the help and correction.

[mikhaail]

Quote:
Originally Posted by mikhaail
what bank you would recommend for deposits and mutual funds?
Mutual Funds is not a Bank Product. It is where the bank invests your money.


i stand corrected.thanks leo!!!

[lorenzoleo]

thanks LORENZLEO.so what mutual funds company that has a good records and service here in cebu,also how much is the minimum and maximum amount i could invest?thanks in advance for the help and correction.

As of now, The Mutual Funds that I can recommend to you is PhilEquity, First Asset Metro Investment, PhilAm Asset Management and United Fund.

PhilEquity the oldest Mutual Fund in the Philippines.
First Metro is subsidiary of Metrobank
PhilAm Asset is part of PhilAm
United Fund is owned by Cocolife (United Coco Planters Life).

We IMG broker distribute this funds here in Cebu. The prices are same even you go direct or go through IMG. Pwdi sad ka mag broker sa IMG kung gusto pud ka para ikaw na mismo mu tailor sa imung Financial Plan. T_T!
As of now the best performing mutual fund is First Metro.

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[maria corazon]

my bank is BPI... no problem so far

[honey2723]

Mutual Funds is not a Bank Product. It is where the bank invests your money.

Investment Company Association of the Philippines

I think, you mean, it is ONE way that the bank invests your money/deposits...

To the TS: The bank is required to have a certain level of funding... We cannot directly compare the two... Just try to assess kung unsay purpose nimo sa imong money... If you think you don't need the money for more than a year's time, or your purpose for the money is in the long-term, then go for mutual fund or VUL*..



*(VUL is a mutual fund-structured investment w/ insurance... It is a product of several insurance companies. Not all insurance companies have this though. The advantage of this over mutual fund is that if you're investing especially for your family, and in case of "early departure from this world", and IN CASE the market is down, your family will be able to get a certain percentage higher than the initial amount invested... Not like MF, if the market is down and you get an early departure, you're family get's whatever the market value of the fund (which could be less than what you initially invested...)

By the way, to answer your question, so far sa akong na-try nga banks, BPI passes my preference (good service, online banking is good, ATMs are accessible). As for BDO, among the different branches that I've visited and transacted, puro jud unsatisfactory ang service for me... )

[mikhaail]

I will move my accounts to bpi.i was told by a fren that BPI is good,they were approachable,friendly and you can deposit money thru atm machines in sm so no hassle for me.

[mikhaail]

thanks HONEY!!!