May 15, 2013
The Bank of the Philippine Islands (BPI) currently has this promo where they offer a 3% rebate whenever you use your BPI debit card using the Express Payment System (EPS) for any minimum purchase of P2,000. The promo started in March 15 and will end in May 31, but unfortunately I got to hear of this promo only recently.
I like the 3% rebate offer because it’s one good way to “earn” money back. Of course, that assumes you are using your card for necessary purchases, and not for some “impulse” buys or, worse, for anything you do not have a need of, just for the mere sake of earning the rebate.
May 2, 2013
Do you know how much your bank is charging you whenever you use your automated teller machine (ATM) to make a withdrawal or balance inquiry in another bank’s ATM?
Be aware, because if you have no idea how much the fees are, they can eat up your total deposit balance.
February 11, 2013
I’ve always had this love-hate relationship with the Bank of the Philippine Islands (BPI).
In the past, I’ve ranted about their customer service, the ATMs that do not dispense cash, BPI’s smartphone iOS app which proved too tedious to download and my missing stocks in BPI Trade’s online trading platform. I’ve been severely disappointed by them so many times and yet until now I have remained a loyal client. Ours is indeed a whirlwind of a relationship but to this date, I can say I’m still generally satisfied with BPI.
Here’s another one of those stories that makes me like them.
September 11, 2012
We continue our research regarding interest rates charged by local banks on housing loans in the Philippines.
Last week, we already got the Bank of the Philippine Islands (BPI)‘s housing loan interest rates. Our goal, before the end of September, is to update our 2011 article Housing loan interest rates in the Philippines to include rates for the year 2012.
September 5, 2012
I’m currently browsing the web and talking to various bank managers to get more information necessary to update our 2011 article on Housing Loan interest rates in the Philippines. I want to come up with a comprehensive list of interest rates for housing loans in the Philippines for the year 2012.
Since I don’t have the complete information yet, I’ll just post what I got from each individual bank regarding their housing loan offerings. I was recently informed by a branch manager of the Bank of the Philippine Islands (BPI) that they are offering low interest rates in celebration of the bank’s 161st anniversary. Here are the details.
August 21, 2012
A lot of social media users on Facebook and Twitter were enraged yesterday after rumors surfaced that top Philippine bank Banco de Oro (BDO) will start charging PHP2.00 for every withdrawal made using BDO’s ATM terminals.
The commotion ensued after TV5′s Interaksyon website published a report saying that effective “September 1, it will cost a BDO ATM card holder P2″ every time a withdrawal is made from any BDO terminal.
August 8, 2012
“You f*cking Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.”
That obscene statement was how a London executive of Standard Chartered bank allegedly replied to a warning issued by the head of its U.S. unit that the bank’s dealings with Iran could cause “catastrophic reputational damage” and “serious criminal liability.”
July 13, 2012
Here’s an update to one of the recent high-profile banking scandals in the country. The Department of Justice (DOJ) has found probable cause in the qualified theft case filed by Citibank against its former employee, Francis Bryan Ang, who supposedly ran away with more than P135 million of clients’ funds.
The DOJ has recommended the filing of 87 counts of qualified theft through falsification of commercial documents against Francis Bryan Ang, a former assistant vice president of Citibank’s Citigold Wealth Management Group and Relationship Manager of Citibank Binondo branch.
May 28, 2012
Two separate rural banks in Cabanatuan City and Quezon Province were again ordered closed by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) less than a month after a big commercial bank, ExportBank, declared a bank holiday due to liquidity problems.
On May 24, Millenium Bank of Cabanatuan City was ordered closed and placed under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution No. 817.
A few days earlier, on May 17, the BSP placed Quezon-based rural bank New Rural Bank of Tagkawayan, Inc. under the receivership of the PDIC by virtue of MB Resolution No. 772.
April 27, 2012
Export and Industry Bank, more popularly known as ExportBank, is now closed and has been put by the Bangko Sentral ng Pilipinas (BSP) under receivership effective today, April 27, 2012.