PDIC Status Of Claims from the closed G7 BANK

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[segurista]

Philippine Deposit Insurance Corporation ..or pdic isa sa reason kung kayat marami ang sumusugal na maglagay ng pera sa mga banks na katulad ng rural banks na nagbibigay ng mataas na interest ...ang logic ay mag deposit lamang ng pera sa isang bank within the insured amount na sa ngayon ay 250 thou at huwag lalagpas pa..and to minimize the risk more  it is adviseable to create different accounts na within the insured amount lamang ...and with all those years kaliwat kanan ang nagsara na mga banks katulad ng Banco Filipino ,Orient Bank,Center bank ng legacy ,Wise bank ng mga ang  , Peoples bank ,ang mga depositors ng mga closed banks na ito ay positive na nakuha ang mga pera  nila within the insured amount ng mabilis ang iba ay less than 10 days pa ang malaking tanong sa pagsasara ng g7 bank ng mga CU

1 . Since malaki at marami ang depositors magampanan kaya ng pdic nang mabilis at efficient ang mga claims  ng mga depositors  ng g7

2. Ano ang effect ng chopped accounts na ginawa internally ng g7 to protect there big depositors may effect ba ito sa  mga depositors ng g7 ?

3. Under the flagship of Nograles ano ang mga pagbabago na nakikita natin sa pdic ...dahil na din sa kaso ng g7

4. Sa ika 7th day na under recievership ng pdic ang g7 ano ano ang mga positive at negative experience natin ....


Mga kasama isigaw sa thread na ito ang ating mga positive at negative experience mula sa pdic from the closed G7 bank since maraming depositors ang G7  at maraming pmt members ang depositors ng bank na ito ... .......


Personally dahil sa nasa labas ako ng bansa I have given my wife the power of attorney to transact my claims with pdic  ...she has personally visited the pasig office and pdic  have recieved all the documents so far so good ......but not yet recieve any checks as per my last phone call to her   abangan po natin  ang latest mula sa pdic mula sa closed g7 bank

segurista

[omani]

segurista, question lang re: the spa you gave your wife did you follow the format required by pdic? Me pinadala ko na spa (along with the passbooks authorizing my mother since kasama ko na din dito sa Middle East yun family ko), the pdic representative at G7 advised my mother that the spa I provided did not meet pdic requirement. I have requested for the spa template by sending an email at dab@pdic.gov.ph per the pdic representative.
 
I've sent an email to dab and is still waiting for the softcopy of the spa format which they require. Did you follow the same procedure?

Thanks.

[segurista]

Omani ,

Ang copy na pinadala ko ay dapat format na galing sa pdic may form na sila dito na makukuha mo galing sa pdic  sa makati office since in my case hindi pa sarado ang mga banks like G7  kumuha na ako ng copies sa makati office at pinirmahan ko na ito at iniwan kay mrs  para just in case may magsara na bank handa na si mrs .... .. at just in case may mangyari sa akin sa  abroad at least may chance si mrs na makuha ang pera mula sa pdic  kung just in case magsara ang bank  na single account ako or may itf ako na anak ko .

segurista

[freedomfighter]

Magaling yung ginawa mong paghahanda segurista.  Tama yun dapat may exit plan ka.  Hindi lang dahil sa possibility of the bank's closure.  Maari ring sa mga sitwasyon na kailangang may makuhang funds ang pamilya in the event of incapacity due to illness or an accident.  Mabuti na yung handa para hindi natataranta ang pamilya.


   
freedomfighter

[danlop62]

Sir Segurista, you truly deserve your name  

[omani]

thanks for the reply segurista

[nicoco]

Segurista , How many close rural bank had you experience ? I am impress with your peparation

[mokoy222]

gusto ko sana makita yong form na sinasabi ni segurista..para malaman ko kung gaano karami ang e fill up doon..para sakali makakakuha din ako kahit isang form lang at e    fill up pang preparasyon lang   pwedi ba  post ang form o larawan ng form na yon? dito?

[segurista]

Nicoco ....... First time ko ang g7 pero I expect na may isa pa bago matapos ang taon ...Mokoy222   paano ba mag post sa forum ng document   gusto ko sana post ganito ang laman ng pdic  power of attory

   Special Power of attorney

Know all men by these present

I_____________by these present do hereby depose and state that ia,

1 . Of legal age ,single /married and i resident of _________________

2. The owner of savings account /certificate of time deposit /current accounts nos ___________maintained with ________

3. In possession of the foregoing since the opening of the accounts and there is no conflict or dispute arising from my ownership and possession of the same ,

4 . Naming and appionting ________(name of attornery in fact )who is of legal age single married and a resident of _______as my true and lawful attorney in law for me and my name place and stead for my own use and benefit to do and perform any or all of the following
a. sign all bank documents and requirements relative thereto

b. deal with bank transactions pertaining to deposits and withdrawals

c Recieve cash or check payments upon maturity of certificate of time deposit

Hereby giving and granting unto my .......sorry mokoyyy 222 I need to go since may kailangan pa ako na gawin sorry pero masyado pala mahaba ito pag type ko lahat     since may acknowledgement pa sa baba ....

OO nga pala aside from the pdic  power of attorney may advance na ako na form with signiture na iniwan kay mrs ito nga pala ang authorization ito ay para sa  bank that  I autorize her to

1 Recieve all cash or check payments upon maturity of ctd

2 . deal with all banks transactions pertaining to deposits and withdrawal

3 Sign all bank documents relative thereto ....

pero ang pina inportanteng paghahanda ay ang emotional preperation since minsan mahirap tanggapin ang pagbagsak ng isang bank na may deposit tayo kahit na ito ay with in the insured amount ng pdic ...Ang iba masyadong  attach sa bank  ...At kahit paano ay may pressure sa mga taong nakapaligid ...Karamihan sa pagbasak ng isang rural bank na may  deposit sila ay lay low muna sa rural bank investment....Kayat marami din talagang dapat ihanda sa pag invest sa rural bank kayat ang tanong ano pa ang mga preparations na pwedeng gawin ng mga rural bank inverstors ?  

segurista

[todjikid]

went there last friday, di pa nila kinuha ang passbooks ko. di pa raw sila (PDIC) tapos sa auditing. pinabalik ako sa tuesday.

[cool_78]

Hello Segurista, I tried to pm you pero puno na po pala inbox ninyo. I would like to ask can you please pm me the rurual bank you think might also close before the end of the year. Thanks!

[nats_357]

Wala pa bang news or comments sa thread na ito regarding the subject? I'm sure marami din gustong malaman mga experiences ninyo with pdic claims.

[investor_dude]

Good pm to all!

pdic starts Servicing Claims of G7 Bank on August 18  ... check the pdic.gov.ph website
Posted on: Aug 15, 2008, 04:55 PMSana naman wala ng hassles in claiming. New RB hunting na uli after i get my cheque. Good luck sa lahat ng depositors!  

[freedomfighter]

Grabe nga po kanina pila sa G7 Caceres branch...if mahina resistensya nyo wag na lang muna sumabay sa crowds...after na siguro na hindi na ganun siksikan at chaotic sa pila...makukunsumi ka lang lalo.

[isabelino]

pdic starts servicing G7 bank depositors

By Doris Dumlao
Philippine Daily Inquirer
First Posted 18:12:00 08/17/2008

manila, Philippines--The state-owned Philippine Deposit Insurance Corp. will start servicing Monday the claims of the depositors of padlocked G7 Bank Inc. based in Naga City.

In a statement Friday night, pdic said that during the initial claims servicing operations, pdic staff will distribute claim forms indicating when the depositor will return to the bank to submit the accomplished forms together with the documentary requirements.

Initial servicing of claims at the bank's head office at Panganiban Drive corner Concepcion Pequena, Naga City, Camarines Sur, and Naga and Nabua branches will be conducted during office hours from Monday to Friday, including holidays, until Sept. 12.

Claims will be serviced in Daraga, Ligao, Polangui and Pasig branches from Aug. 18 to Sept. 5.

pdic will resume claims servicing at the head office from Oct. 1 to 28 for depositors of Naga and Nabua branches; at Polangui for depositors of Polangui, Daraga and Ligao branches; and at the pdic Ayala Office for the depositors of Pasig Branch.

For the third phase, all G7 Bank depositors are advised to mail their claim forms and documentary requirements to the pdic-Claims Processing Department, 6/F, sss bldg., Ayala Avenue corner Rufino Street, Makati City.

In a statement, pdic assured depositors that all valid deposit insurance claims shall be paid.

G7 Bank, a seven-unit bank, was ordered closed by the Monetary Board of the Bangko Sentral ng Pilipinas last July 31.