BEST BANK

[Naughty Picks]

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If you are a regular depositor, it would be hard to qualify which bank is "best" for you. Because it will depend as to how much you will deposit and for what purpose (refers to your regular transactions). For those who would only go for some savings account with minimal account opening, go for BDO and BPI (Savings ATM) which are at P2,000 and P3,000 only respectively. But if you are into millions and or corporate accounts, BDO, BPI, MetroBank and UnionBank would be the best choice for local universal banks. BPI, MetroBank and UnionBank can give you relationship managers that will cater to your needs and give you personalized service according to your deposits/investments. Of course it's quite absurd if we compare interest rates on deposits against every other banks because they just differ in some very little figures and mostly the people's intention of having their money deposited in banks is for safety. But little do they know that having some money in the bank is in big help when you apply for loans and applying for VISAs. Your accounts will be checked - not just the balance but including the ins and outs of your money. This will give some reflection of your lifestyle and money handling and might conclude your paying capacity. So I suggest you guys should place your money in the bank no matter how big or small it is. In terms of Time Deposits, the maximum isn't only 4%. You can negotiate your interest rate higher than that even triple especially when you have like 7 or 8 digits TD account - you know what I mean. Transact only in banks if you really want to secure your money safely. On the later part of this reply, I can suggest names of banks where your investments and deposits are safe. DO NOT risk in investing your money in some rural or whatsoever investments that offer very high interest - remember the scam on TV?
When the depositor has died, the legal spouse and children can claim his money upon showing documents. Except only for those dummy accounts. In case there is no claimant, the bank will freeze the account and after the grace period the proceeds will go to charities or to the bank's (company) foundation -> not to the government.
Here are some banks I can suggest (these are not in order):
UnionBank (Aboitiz Group), City Savings (Aboitiz Group), BPI (Ayala Group), MetroBank, Banco de Oro, ChinaBank, Security Bank, Bank of Commerce (San Miguel owned), EastWest Bank, Sterling Bank of Asia, Maybank (Malaysia's biggest bank), RCBC (Yuchengo group), CitiBank and Standard Chartered.
Investments like stocks and bonds are also available in the bank.

Hope this helps. Thank you.

By the way, I work in a bank.

[Metz]

sorry bai I have to disagree in putting an amount above 500k in just a bank. kay 500k lang ang insured sa PDIC, so better put it in higher yield vehicles like mutual funds.

even if you can negotiate higher interests, I don't think it will match the performance of an equity fund as long as long term ang plan.

if you want a fund trusted by banks go for FAMI(owned by metrobank) or PEMI(big banks invest here).
Why let the bank earn interest on your money when you can earn it yourself by going directly to mutual funds companies?

[trabahador]

bag-o pa ko nakagunit ug ATM card.. sa payroll namu..unionbank but ganahn ta ko muopen ug account sa BPI thru online..naa ba na bayad? if naa unsaon pagbayad nga sa online ra man ko nagapply? unsaon nako pagkuha sa sa ATM card? ila ra nang i.mail? sori ignorante kaau ko.hehe

[jhnpl]

yes, BPI jud ang best bank if you ask me.

It is where I load my roaming sim (prepaid) when I was abroad
Pay my bills (credit card bills)
Internet transfer of funds (to and from my wife's account)
Deposited my $ personal check (US Account) for free
Interbranch transactions --- no fees
I use my BPI Credit Card to pay Gas --- Gives me fuel rebates of P30.00 for every P1,000 of gas
I use my BPI Credit Card for paypal transactions (Online Purchases) ---- no additional charges. di parehas sa Metrobank CC nga mopatong pa jud sila on top sa online purchase....so cut off ang Metrobank.

[fwi-fwi]

OT ning akong pangutana mga migu pero hinaot na matabangan ko ninyo.
nakadawat ko og citibank cheque, last pay nako gkan sa akong trabahoan pag-summer, pero giingnan ko na knahanglan og 2 valid ID's para ma-withdraw nako ang money. unya kay 1 raman akong ID, school ID ra tawn nako. ala pasad ko kakuha og driver's license. ala sad koy bank account.
unsai dapat buhaton nako mga migu?
d^^,b

[makie]

@fwi-fwi:

Naa kay savings account? Ideposit na lang na sa imong savings account. Sa akong experience, dili mangayo ug IDs kung imong ideposit sa imong account (I'm not sure sa imong bank). However, naay clearing but it should be worth the wait.

[fwi-fwi]

ala jud lagi bai makie. nakahuna2x mansad ko himu og savings account pero murag nanginahanglan sad na sila og valid ID's.
dT.Tb

[GuyOfYourDreams]

naako bdo atm ra noon with passbook. Okay ra man sad sila.. maintaining balance is 5000. nya kung ma below kana even kadjot lang P500 dayon charge nila. Minimum withdraw amount is P200. (one of the things mao nahan ko) Without charge if adto ka sa machine nila magwdraw and they do always have P100 bills.

Naa pud ko bpi, employers atm. Ari ko kuha sako sueldo. P100 maintaining.
Minimum withdraw amount is P500. Pirmi lang walay tig P100 or even P500 bills ila mga machines bisag asa. always P1000. Mamroblema ko usahay kai wala ko plete nya ing withdraw nako P600 dili musugot kai walay 100 peso bills.

Pero kung padaghanay machines daghan kaayo ang bpi bisag asa ka lingi naa tanang lugar halos.
Compared to bdo nga medyo nihit ug tuyuonon pero nagkadaghan na pud ila machine ron.

[BernTags]

mas maayo mag multiple accounts ka...because each banks has its own advantages and disadvantages...me i maintain 6 accounts for high earning interest for savings i go to Rural banks and thift banks...City Savings Bank, Rural bank of cebu south..for day to day expense and payroll its my landbank and unionbank atms...for projects in the house (furnitures, appliances, car maintenance, vacation) my UCPB account..for extras like my own expense is my BDO... mas maayo kay makapili and maka enhance sa imu financial skill

[wizard_jamex]

mas maayo mag multiple accounts ka...because each banks has its own advantages and disadvantages...me i maintain 6 accounts for high earning interest for savings i go to Rural banks and thift banks...City Savings Bank, Rural bank of cebu south..for day to day expense and payroll its my landbank and unionbank atms...for projects in the house (furnitures, appliances, car maintenance, vacation) my UCPB account..for extras like my own expense is my BDO... mas maayo kay makapili and maka enhance sa imu financial skill

wow, nindot gyud nimo. Naa ka six accounts. Cool. I have two accounts at Bank of Commerce - Cebu Main Branch. One account is ATM Account for my emergency funds and the other account is Time Deposit Account for my short term savings/investment. Tenor of CTD is 30 days.