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.)
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 100.00 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.
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.
Napansin ko na maraming tumitingin ng tungkol sa savings bank na posts ko. Nilagay ko 'to rito almost ten years ago and thanks, everyone, for continuously accessing them but we now have better options if we're talking about the interest that our money will gain while deposited.
Unfortunately, I wasn't able to keep the two bank accounts that I wrote about before and stuck with BDO because there's a branch a few blocks away from home making it the most convenient traditional bank for me at the moment. And well, my credit card is still with BDO so yeah.
While the information in this post are still relevant. Digital banks are emerging these days and I made the switch. Here's my review of two Digital Banks here in the Philippines: