Best Bank to Open a Checking account

[freelancer_babe]

^ yup, that's what BPI customer service told me. magkaiba kasi ang system ng BPI main sa BPI family. sa top management pa lang magkaiba na. but BPI Family operates as a subsidiary of BPI main.

so you just encash BPI Family checks at BPI Family branches lang, and encash BPI checks issued by main branches sa mga main branches lang nila, and not to BPI Family branch.

sa akin kasi yung checking account ko naopen ko sa main BPI. I keep on telling people na naissuehan ko not to encash my checks sa mga BPI Family, coz they won't honor it. Just BPI main branches lang ang pwede. anyway those people na naissuehan ko could just pick any main BPI branch at their convenience and encash them without paying any service charge.

same rule applies to depositing checks coming from BPI and BPI Family. you can deposit BPI Family checks in BPI branches but it will pass through 3-business-days clearing period just like depositing checks issued by the other banks, and ganun din other way - BPI check from main branches deposited to BPI Family account again passes through a 3-business-days clearing period.

however, expect a BPI Family check not to enter a clearing period if you deposit it in a BPI Family account; same with BPI checks issued by main branches, wala nang clearing period pag dineposit naman ang mga ito sa mga account na opened ng isang BPI main branch.

[eischied_21]

^ thanks sis

[niixiie]

hi mga sis ask ko lang re chinabank.. yung maintaning balance nila to earn interest is 1k.. kasama na ba yung passbook dun if ever mag open ako ng savings account..  HELP.. TIA

[missn]

Anyone.. knows how much will be the interest earned ng checking account sa BDO?

[freelancer_babe]

^ please check BDO's website: www.bdo.com.ph

in most banks, usually yung mga checking account na napakababa ng maintaining balance ay walang interest.

[gil12]

nag inquire ako sa BDO kasi I wanted to open a regular checking account. ayun sabi sakin kung may savings account ka sa kanila aside from dapat 6 months na dapat daw atleast P30k laman.

[jmeangeL]

@gil12, ganyan din ang sinabi ni BPI sa akin when I asked to open a regular checking account.  Not the value of the account, but how long was I an account holder of BPI

looks like it's a simple way for them to check kung talaga bang interested kang mag-banko at hindi tatalbugan lang ng tseke sa future

[freelancer_babe]

@gil12,

dami ko na ring na-inquire na banks about opening a checking account. same rules. they always require 6 months savings account.

@jmeangeL,

yun lang, nakakabigla lang yung 30k na required ng BDO. kasi sa BPI di naman umaabot ng 30k ang maintaining balances ko sa mga BPI savings accounts ko and yet pinayagan akong mag-open ng checking account.

[jmeangeL]

if you're working, you can open a checking account kung saan man ang banko ng payroll mo; unless your payroll is thru BDO Cash Card.  Ito talaga, hindi tinuturing ni BDO na savings account.

[kho_leen]

I like BPI also.  convenient kasi mag-transfer ng funds sa bpi online.  

[rhia00]

Kami we opened sa UCPB, 5k lang maintaining. Hindi kami depositors dun ni fiance pero tie up sa developer namin, i guess kaya kami pinayagan magopen sa kanila. Nakuha din namin same day, siguro minadali ni developer. May online transfers din naman sila pero we are planning to move it to either bdo or citibank. Bdo kasi un ang SA ko and payroll at 5k lang maintaining. Or citibank kasi payroll ni fiance pero nga lang 20k ang maintaining, mejo mahal. What do u girls think?

[bratinella08]

my friend recently opened a checking account in East West Bank, 5k lang maintaining, pero they asked for notice of approval from pag-ibig, walang ganun yung friend ko nun, pero she has documents to prove na it would be used for her housing payment, ang bilis nila i-process

[lime_eds]

BPI Family for checking. Akala ko kase di ko na kelangan kase sa pag-ibig branch na ko nagbabayad. Now, I'm planning to open new checking para issue na lang ako PDCs for a year sa Pag-ibig, wala din hassle kase online transfer na lang ang gagawin ko lagi

[sexytabachung]

i dont have any bank accts. ewan ko ba, lumaki kasi ako sa parents na hindi natuto mag impok ng pera sa bangko ) we feel more safe kasi pag nasa loob ng bahay namin ang pera.. now, my daughter's school is requiring us to issue post date checks para sa monthly fees namin.. i was so mad yesterday because we were not able to finish our enrollment dahil wala kaming post dated checks.. imagine the face of my daughter?! nakakadurog ng puso.

now, i dont know kung saan madali mag open ng checking acct para sa mga taong katulad ko.. any suggestions?

 but honestly, after reading all this thread, na-inspire ako mag save sa bank )

[freelancer_babe]

^ Interesting. Delikado sis kung nasa bahay ang pera. It's prone to theft, fire and calamities (uhm.. baha? bagyo?).

Not to mention, bumababa ang spending power ng pera each year due to inflation.

I used to keep cash, pero I realized later na di maganda. Parati akong nananakawan. 

You can argue as well, kahit ang mga may ATM ninanakawan pa rin. :-p But at least the bank credits back the money if the theft is reported on time to bank - so the bank suffers the loss, not the depositor.

Unfortunately, most banks require six-months well-maintained savings account na nakadeposit sa kanila before you are able to open checking account. Naging problema kasi ang bouncing checks, so the banks are trying to filter out the good clients from the bad - through how they maintain their savings accounts.

Though I am against putting money in rural banks (madaling magsara ang mga ito so your money gets stuck with them when they close), baka sila na ang last option mo at di nila i-require ang six-month savings account requirement. Try to shop around for that one that requires smaller minimum balance and that is not strict with the six months requirement.

Since rural banks are risky dahil madaling magsara (some thrift and a few savings banks as well), then open ka na rin ng savings account sa mas malalaking banks. You could do some backreading dito sa thread kung aling bank ang pinakamababa ang maintaining balance, or if not go for convenience, or any other criteria na gusto mo sa isang checking account.

Once na naka-six months na ang savings mo sa big bank na pinili mo, then that's the time that you can open a checking account with that big bank and close the checking account you opened with that rural bank.

Hope that works. Let us know.

[sexytabachung]

^ Thank you so much sis. I was able to open a checking account yesterday at PSBank. Nung una nga, ayaw talaga nila ako payagan. But my tita kasi who is one their pioneer clients and also accdg to my tita eh medjo malaki daw savings niya dun kaya close siya sa mga empleyado at manager ng bank, called them. Ayun, isang tawag  lang ni tita kay bank manager, tinanguan na yung kausap ko sa new accounts. Ang hirap din pala nang wala kang bank account sa totoo lang.. parang nanliliit ako yesterday sa loob ng bank.. kaya nga napaisip talaga ako ngayon.. their maintaining balance is 5k lang naman.. I paid 165 sa check booklet.. (yun ba tawag dun?) rural bank ba ang psbank? do you think mas maganda mag open ako ng savings sa bdo or bpi?

[freelancer_babe]

^ Uy! Mabuti na lang at may tita ka na may ka-close sa bangko. Yes, having a relative to vouch you really helps a lot.

I think PSBank is a relatively safe bank. It's a good choice. Tingin ko it won't suffer such bank runs kasi tied up rin sila ng Metrobank (I think it's a Metrobank subsidiary). It's not a rural bank - it's a savings bank (though not all savings banks are that "safe", look up mo yung history ng Banco Filipino).

Personally I wouldn't mind opening a savings sa PSBank para iisa na lang ang pupuntahang kong bangko and fund transfers from savings to checking and vice versa would be easy, though it also a good option open a separate account in another bank. BDO and BPI are both good and very safe banks - pero personally I prefer BPI over BDO dahil mas customer oriented sila... things are so much easier sa BPI kasi.

BTW you need not close you checking account at PSBank. OK na sila.

[sexytabachung]

^ thank you sis ha, na-inspire talaga ako mag save ngayon sa bank.. tao na ako! hahaha! seriously, i plan to save kahit 2k lang monthly.. feeling ko kasi walang napupuntahan ang pera ko.. i cant save a lot this time because super daming gastos and debts na binabayaran kaming mag asawa.. pero siguro 2k a month will be a good start na rin for me.. i will keep na lang muna my psbank checking acct.. possible ba na pag nag open ako ng savings acct sa kanila, ma-connect siya sa checking acct ko or separated talaga dapat sila? sa totoo lang kasi, hirap ako mag handle ng mga ganito.. parang mas madali ata for me na iisa lang ang bank acct to keep and monitor..

[freelancer_babe]

^ Ah yes, maganda yun, keep the savings in a bank. Kung pwede passbook na lang, kasi pag ATM madali lang magamit sa withdrawals at sa mga pagswipe sa terminals. hehe.

OK na ang 2k monthly. In a year mga 24k na rin yan. Though it helps na palakihin mo rin ang savings - save more than 2k. You may want to visit this thread para di tayo ma-off topic: http://www.femalenetwork.com/girltalk/index.php/topic,270604.0.html

Ang gawin mo, i-avail mo ang internet banking para mamonitor mo ang funds mo. Mas madali kasing magtransfer ng funds from your checking to your savings and vice versa. The two accounts have to be separate - checking account kasi is for issuing checks, while yung savings account is (err...) for the purpose of saving. Online at real time na lang ang fund transfer that you can do most likely 24/7.

Yup ako, rin prefer ko na iisa na muna ang bank until the time na medyo malaki na ang funds at pwede na akong magdala ng pera sa ibang bangko.

[babyboo.0326]

if i open a checking account sa bpi family, can i use my bpi savings account to transfer funds to the checking from bpi family? TIA