Banking

Having the best bank for your savings or checking account is very important to have a peace of mind and protect your money in case of a future problem. Yet, selecting the best bank is not easy thing to do. It might require tedious research and surveys but if you can get a list of […]

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Today, I have received a phishing email informing me that my Development Bank of the Philippines (DBP) bank account was suspended and blocked. You can see the sample email message below. DBP Alert Message -####- “ACCOUNT SUSPENDED & BLOCKED” Dear Customer, We regret to inform our customers and the general public that we encountered an […]

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Last time, I made a post about Philippine Deposit Insurance Corporation (PDIC) and its function as a government corporation. I assumed that you heard or read the acronym PDIC in TV, radio or newspaper. Its primary function is to insure the bank deposits of each deposit that they made in the PDIC-bank members. You probably […]

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If you’re a frequent remittance sender, you probably encountered the word ‘SWIFT Code’ during your filling up of remittance form. At first, I also don’t know what it is and why it is important for sending money to your local bank where you are living. What is SWIFT Code? When sending money from abroad, almost […]

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Last time, I posted a background on BPI Express Cash card which you can see here: Introduction to BPI Express Cash Card. Now, I would like to make an article about on how to deposit money on it. In order to use BPI Express Cash (EC) card, it must have money or balance. You can […]

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BPI Express Cash (EC) is one of the great products that BPI bank offers to its customers. It is a prepaid card that works like an ATM card but it is not a savings or checking account card. It is better to have first a BPI savings account and then apply for it. It has […]

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What is PDIC

by Gily Tenorio on November 2, 2011

in Banking

Philippine Deposit Insurance Corporation or PDIC is a government-owned corporation the gives insurance to depositors on their deposits when the bank went to bankruptcy. The insurance coverage is up to P500,000 per depositor, which is the maximum insurance that you can get from your deposited money. So it is very important to limit the amount […]

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If you are looking for a directory or list of banks in the Philippines, you came to the right place. In this article, I compiled all of the banks with operation inside and outside of the Philippines. It is important to have a savings account or a bank account especially if you are working abroad […]

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