Monday, July 22, 2013

EastWest Bank's Basic Savings Account

 The link of EastWest Bank's Website: here


Earn big savings from small beginnings! 



Bakit kailangan magbukas ng Savings Account? link: here.


I opened another account just after four months of opening my Easy Saver Account in BPI Family Bank. I have my reason for doing so (read after the break) and I've been wanting to open this account since two weeks ago but I only found the time to go to the bank this afternoon.


The reasons why this S.A. is worth considering:

1. Low initial deposit and maintaining balance
With only P 100.00, you can have your own Savings Account. 

2. With P 500.00 in your account, your money would already start earning interest. 
That's 0.25% in EastWest.

3. It comes with a VISA/Bancnet Debit Card.
I'm sure that you've seen a Visa logo whenever you went to malls or dined at restaurants. This Debit Card can give you the convenience of swiping the card at any VISA accepted POS terminals. No need to withdraw in ATMs.

EDIT: 4. You can use this card to pay your online purchases thru Paypal and to verify your account there too. (Thanks, Jeramy.)

Fees:

1. P 1
00.00 minimum initial deposit.

2. P 100.00 over-the-counter transaction fees.

EDIT: 3. No charges in P.O.S transactions and Eastwest Bank ATM withdrawals.

I will edit this part again in the future. I am still unaware of other possible charges of this account (i.e How much is the service charge going to be if you'd withdraw from another bank's ATM.) You may comment if you know though.


Requirements:
I.D
Initial Deposit




I am now an official EastWest Banker too!


Eastwest Bank Prepaid Card vs. BDO Cash Card: Click here.


I wanted to subscribe to something but even if my Credit Card is supposed to be accepted, mine wouldn't connect even after I tried three times.

Applying for another credit card isn't an option. First, based on the requirements of credit cards I'm not eligible. Until now I am still wondering why I received a pre-approved JCB Lucky Cat Credit Card. Second, I don't want to pay an annual membership fee.


I was left with either a Prepaid Card or a Debit Card as my choices. 
I need one under Bancnet, Visa or Mastercard.


I first had my eye on a Mastercard Prepaid because it would be easy to reload my card using my account in BPI but then that would cost me a renewal fee of P 500.00 every two years. I want something that I will not have to renew and I actually have a BDO Cash Card (I initially wanted a Mastercard cash card but when I asked the person or whatever we should call the bank person, she told me that there's no such thing as a Mastercard Cash Card. Yeah, right when it's in BDO's website.) which serves as my Prepaid Card. But this doesn't mean that I'm closing my door to this Prepaid Card because this would come in a lot handy when travelling abroad. I'm not saying that Debit Cards are unsafe but it's no doubt that prepaid cards are safer since you'd only reload what you need for the day. For more information click here. (Maga-out-of-the-country kase talaga ko. Claim lang ng claim!! :D) 



So there, upon continuous searching, I found EastWest Basic Savings account. It has matched my savings account requirements perfectly.

53 comments:

  1. thanks for this blog.. I already opened my basic savings account yesterday.. Just waiting for my ATM card..:)

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  2. Hi Kjaren! You're welcome. Glad you did. :)

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  3. Php100.00 over-the-counter transaction fee? Does this mean that every time you make a deposit you will also be charged Php100.00?

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  4. Hi! The P 100.00 fee is only for over-the-counter withdrawals. Definitely no payment for deposits. :)

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  5. Ano yung P 100.00 over-the-counter transaction fees?? What does it mean po? Didn't get it?

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  6. Paki expalain ng complete and well po thanks :)

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  7. Hi Renzie!


    Actually, di pa ko nagbabayad ng transaction fee na 'yan eh. Pero ang ibig sabihin niyan, pagka magwi-withdraw ka sa teller e magbabayad ka ng Php 100 kaya hanggat kakayanin e sa ATM machine na lang para hindi ganyan kalaki ang bayad. Kung deposits, walang binabayaran.

    Kadalasan naman pag ATM lang ang account mo e nagbabayad talaga (kahit sa ibang bank) ng over-the-counter transaction fee unlike sa may mga passbook, wala silang binabayaran kapag nakikipag-transact sa teller kahit pa withdrawals 'yun. Sana luminaw na. :)

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  8. Hi! What are the ID's required for opening an account in Eastwest Bank Basic Savings Account?

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  9. Hi! I brought my Postal ID when I opened mine. But I think they also accept passport, driver's license, sss id, or company ID etc and for students, school ID. Pero pinakasure ka siguro sa passport.

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  10. Crizel Guevarra GalangMarch 10, 2014 at 12:20 PM

    may atm din ba to??

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  11. Crizel Guevarra GalangMarch 10, 2014 at 12:22 PM

    although this comes with a debit card, meron parin syang atm right???

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  12. Hi! Kung ibig sabihin mo ay merong dalawang card na kasama tong Savings Account na 'to, hindi. Pero 'yung card na kasama is both an ATM and Debit card.

    Pwede kang mag-withdraw sa mga machines pero unlike sa regular lang na ATM, 'yung card na 'to pwede mo iderekta na sa mga establishments na tumatanggap ng VISA at Bancnet (POS transactions). :)

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  13. Hi. How long po bago mo mkuha ung debit card after mo mag-open ng account?

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  14. Hi! Makukuha yung card one week after applying. :)

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  15. Hi! Nice blog. :) By the way, you can also use this card to verify your Paypal Account.

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  16. Hi! I pay at Paypal using this card but my account there is not verified. I'm not so sure but I think this can be used for verification too. :)

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  17. Yes you can. I verified my account using this card din. :)

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  18. Thanks. Last question po. How much ung chinarge ng PayPal sa debit card nyo nung nag verify po kayo ang how long did it take? I also want to have my PayPal account verifired kaya po gusto ko kumuha nitong card na to.

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  19. Ahh. Sorry, namali ako ng basa. Akala ko you were asking me too. I'll verify my card. Thank you! :)

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  20. Di pa verified 'yung Paypal account ko eh. Pero nung unang beses na ginamit ko to sa Paypal, na charge ako ng 45php ata. $1 dollar more or less siguro. At agad naman, enter lang card number and JAI number pwede na agad gamitin.

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  21. Pwede po ba mag deposit ng pera sa eastbank sa ibag tao kahit wala kang eastwest bank i mean for shipping transaction

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  22. Hi Ann! Oo, pwede naman kahit wala kang account. Kunin mo lang 'yung account number at account name nung taong babayaran mo para sa deposit slip. :)

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  23. Hi! magkano maintaining balance?

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  24. Hi Felicity! P 100.00 ang maintaining balance nito. :)

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  25. Hi! Can I use my S.A. pang show money?

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  26. Hi Samantha! Since ATM account lang to, pwede ka siguro mag request na lang ng bank certificate para gamitin na document para sa show money mo. Not sure though. :)

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  27. thus just solves my problem! thanks sa info aapply na ko today :) para makakuha na ako ng card! very good and helpful write up!

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  28. isang valid I.D. lang ba kailangan?
    pede ako magregister sa paypal using this S.A?

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  29. Hi! Yes, isa lang naman ID 'yung hiningi sa'kin pero dala ka na rin siguro ng isa pa para sure lang. Ay yes ulit, pwede 'to gamitin sa Paypal.

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  30. Matagal na siguro ang 30 mins. Kung walang ibang tao na inaasikaso at walang problema sa mga dalang requirements, sigurado mabilis lang. Magfi-fill out ka lang naman ng form tapos babalikan na lang 'yung ATM na card pagkatapos ng isang linggo.

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  31. Hi tintina bket ba ang pag gamit ng visa debit card ay hndi na nirerequire na mag pin sa mga terminal nila? laht ng pinagamitan ko walang pinpin deretso swipe na. di man lng rin ako hiningan ng i.d? ganun ba tlga un?
    nkapa unsecure nmn kung gnun. please reply or email me here rcdcanlas@gmail.com
    salamat tintina

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  32. Hi! Nasa operating regulation kasi ng Visa (pati Mastercard atbp.) na huwag na manghingi ang mga merchants for ID pag ginagamit ang debit/credit cards nila kaya sa pirma mo na lang sa charge slip binabase kapag.ginagamit mo 'tong card na 'to. Pwede naman manghingi ng mga ID ang merchants pero since hindi naman kasi required, bihira lang ang humihingi.

    Kung pakiramdam mo naman e unsafe pa rin gamitin kahit nakapirma ka, pwede ka naman kumuha na lang ng prepaid card o isa pang card na paglilipatan mo na lang ng budget mo para hindi lahat ng pera e nasa isang card. Ma-trabaho nga lang pero for security, pwede na.

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  33. Hi there, some agent of east west bank called me to apply, then after couple of week nag response naman saying my application is already approved, How long do I have to take para ma-receive ko ung CC?

    thanks in advance :)

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  34. Hi Ann! Sorry, hindi ko alam kung gaano katagal. Wala kasi akong credit card from Eastwest din. :)

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  35. Hello,
    Why EASTWEST Bank is shit. mag dadalawang linggo na ako nag transfer ng pera skrill to Eastwest pero hangang ngayon wala pa eh..please ingat po kayo sa ganito case..

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  36. This is soooo helpful!

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  37. Hi tina ask ko lang saang branch ka nag open?

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  38. Hi po valid po kya ang philhealth id?un lng po kc ang meron ako.

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  39. kailangan pa ba ng ID picture?

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  40. Hi Dan! Parang hindi naman ako hiningan ng I.D. picture pero siguro, dala ka na rin para lang sigurado.

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  41. Hello! Kailan ba ng TIN no. pag-nag-aaply ka ng basic savings account? Thanks!

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  42. Hi, pwede to ba yung cheque deposit sa SA dito? Meeon kasi akong paycheck eh.thanks

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  43. Hi! Ask ko lang dba may ipapa fill up sayo? Dun ba sa fifill up-an need ng TIN number? What if unemployed ka so wla ka talaga tin. Ano ilalagay? Yung nag apply kasi ako sa bpi easy savers di ko na tinuloy kasi sabi nung nag assist sakin need tin kahit sa ibang banks need na daw.

    ReplyDelete
    Replies
    1. Hi. Hindi ko rin sure sa Eastwest kasi wala pa sigurong rule noon na kailangan ng TIN number pero so far, oo hiningan na ko ng ibang banks maliban pa sa BPI. Pero try mo pa rin.

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  44. Hi nice blog... Im thinking of opening an account after reading your blog. Ang kailangan ko lang kasi ay debit card for online transactions. Ito na yata ung best kasi ang passbook+debit card nila nagrerequire ng 10thou initial deposit and 25 thou para mag earn ng interest. But since debit card lang ang kailangan ko, ito na yata ang best deal na nakita ko... Thanks again for the info... ;-)

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  45. May expiry date ba yung card? Or as long as hindi sira pwede gamitin parang sa BPI ATM accounts? Thanks.

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    Replies
    1. Hi! Merong expiry 'yung card, hindi ko lang sure ngayon kung ilang years pero definitely more than 5 years.

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  46. Hi pwede ba ako mag tanong pwede bang 500php lang ang e diposet ko sa saving account ko ���� pwede ba nyon

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    Replies
    1. Kung itong savings account na 'to, opo. 100 po minimum.

      Delete
  47. Hi just wanted to ask Lang na basic saving account ng eastwest Masami Lang maglink said paypal ? Magkanu po ung fee everytime na magwwithdraw and kung may annual fee.. hoping for your detailed reply.. thank you

    ReplyDelete

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