All about digital banking (ING, CIMB, KOMO, etc)

[akosijhay]

Hello gurus, question about these online digital banking na nau-uso ngayon. Compare to other banks, malaki ang interest rate per year nila compare to local banks kaya nakaka enganyo mag open ng account plus no minimum deposit amount required.

Concern ko lang is hindi kaya mahirap mag withdraw once na kailanganin ko?

So far eto ang promo/offer nila:

ING and KOMO - 3% interest rate per year
CIMB - 4% interest rate per year.

TIA!

[crazy_boy]

Hindi naman. You only need to transfer the money to your brick and mortar bank account. Usually next day nasa account mo na money.

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[akosijhay]

Hindi naman. You only need to transfer the money to your brick and mortar bank account. Usually next day nasa account mo na money.

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Thank you sir CB. Hesitant lang ako nung una kasi ang requirement is 1 valid ID lang compare sa local banks na ang dami hinihingi na requirements. Plus yung mas malaki na interest rate per annum na offer nila hehe kaya nagbabasa basa din muna ko.

[StockEngine]

Inquire with them if they have instapay..

ING Philippines: Bank anytime, anywhere

[crazy_boy]

Thank you sir CB. Hesitant lang ako nung una kasi ang requirement is 1 valid ID lang compare sa local banks na ang dami hinihingi na requirements. Plus yung mas malaki na interest rate per annum na offer nila hehe kaya nagbabasa basa din muna ko.

Insured naman sila ng PDIC up to 500k. And under parin naman sila ng BSP

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[crazy_boy]

Inquire with them if they have instapay..

ING Philippines: Bank anytime, anywhere

Pesonet gamit nila

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[StockEngine]

Pesonet gamit nila

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they're processing their inclusion with the instapay network..

[StockEngine]

Looks like BSP will be clamping down(maybe securing them as well) on Gcash and Paymaya

Bangko Sentral to lay down rules for ‘digital banks’ | ABS-CBN News

[misseksaherada]

Hindi ko pinansin dati yung post na ito.. this early December meron akong na-attendan sa company namin na free online program ni Chinkee Tan (paid by company).. then while listening sa entertaining class, open ang chatbox and people continuously exchange information about financial management.. dun lang ako nagka-interest to check out CIMB and ING.. sakto meron silang promotions and naalala ko yung mga posts na nabasa ko dito sa Tsikot.. Nanghinayang ako na bakit hindi ako kaagad na-curious at nag-reasearch before eh matagal ko na sya nabasa sa Tsikot (as usual nauna ko na naman nalaman sa Tsikot yung information.. like sa Typhoon Ulysses na mala-Ondoy atbp..).. Anyway, another life changing na naman na effect sakin ng Tsikot community.. Meron na din ako account sa CIMB (through G-Cash Save) and ING..

[misseksaherada]

Natanggap ko na ING debit card ko.. Ang sleek ng presentation, parang birthday greeting card / storybook..
Sa CIMB ang hirap ng conditions para magka-debit card.. Kailangan may Cash-In transactions [emoji28]..
Di ko pa nabasa if magkano fee nila sa inter bank transactions kapag mag-withdraw sa ibang bank atm machines.. Kung mahal, ok lang din backup bank lang for emergency..

[jut703]

Natanggap ko na ING debit card ko.. Ang sleek ng presentation, parang birthday greeting card / storybook..
Sa CIMB ang hirap ng conditions para magka-debit card.. Kailangan may Cash-In transactions [emoji28]..
Di ko pa nabasa if magkano fee nila sa inter bank transactions kapag mag-withdraw sa ibang bank atm machines.. Kung mahal, ok lang din backup bank lang for emergency..

How much is the interest of ING now vs CIMB?

I opened CIMB to park my emergency funds for the ease of transfer (via GCash) and the 4% interest rate.


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[misseksaherada]

How much is the interest of ING now vs CIMB?

I opened CIMB to park my emergency funds for the ease of transfer (via GCash) and the 4% interest rate.

Naka-4% din Sir Jut.. Naka-promo po kasi nung nag-open ako ng account.. 6 months 4% interest rate yung promo.. Mag-update ako pagka naka over 6 months na yung account ko kung may continuation yung promo or mag-baba na sila sa 4% interest rate.

[jut703]

Naka-4% din Sir Jut.. Naka-promo po kasi nung nag-open ako ng account.. 6 months 4% interest rate yung promo.. Mag-update ako pagka naka over 6 months na yung account ko kung may continuation yung promo or mag-baba na sila sa 4% interest rate.

Good thing Tonik opened and offered 6% interest, so now ING and CIMB have to maintain their 4% to stay competitive.


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[misseksaherada]

Good thing Tonik opened and offered 6% interest, so now ING and CIMB have to maintain their 4% to stay competitive.

Yan po next kong itatanong kung meron na po naka-try dito ng Tonik.. Nakapag-open na rin po ba kayo sa Tonik, Sir Jut?
Oks na ako ING and CIMB.. Ta try ko naman sana yung Tonik..

[jut703]

Yan po next kong itatanong kung meron na po naka-try dito ng Tonik.. Nakapag-open na rin po ba kayo sa Tonik, Sir Jut?
Oks na ako ING and CIMB.. Ta try ko naman sana yung Tonik..

Nope, emergency funds lang naman nasa bank ko, I don’t see the point of over-diversifying. Most other money is invested elsewhere (mostly stocks).

And since emergency funds yung nasa digital bank ko, it needs to be liquid and can be withdrawn anytime. The 6% interest requires a 6-month holding period so it doesn’t match my purpose.

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[akosijhay]

Sa CIMB ang hirap ng conditions para magka-debit card.. Kailangan may Cash-In transactions [emoji28]..
Di ko pa nabasa if magkano fee nila sa inter bank transactions kapag mag-withdraw sa ibang bank atm machines.. Kung mahal, ok lang din backup bank lang for emergency..

Re: CIMB, nag increase sila ng required amount sa account para mabigyan ka ng debit card Miss Eks. Dating 5,000 pesos, ngayon dapat 100k na laman bago sila mag issue ng debit card?

[misseksaherada]

Nope, not too keen on testing an unknown bank for an extra 2%.

Emergency funds lang naman nasa bank ko. Most other money is invested elsewhere (mostly stocks).

Yun yung wala ako.. Yung pure stocks.. Nag check ako ng GInvest sa GCash.. Di ko naman maintindihan.. [emoji24]
Naguguluhan na ako kasi sa banks inaalok din ako.. Sinula kasi nung kumuha ako ng Sun Felexlink1 sa Sunlife tapos kapag chinicheck ko minsan wala naman kinikita.. Eh more than 5 years ago na yun.. Lugi pa nga kasi binawasan pa nila ng 5K+ agad pag-open nung policy as Service Charge.. Naka dalawang policy pa ako na kinuha.. Same lang walang kinita..
May ma suggest ba kayo Sir Jut na panimula lang for me to invest.. Yung madali ko lang magets.. [emoji23][emoji23][emoji23] Mas ok sana yung meron mobile app..

[misseksaherada]

Re: CIMB, nag increase sila ng required amount sa account para mabigyan ka ng debit card Miss Eks. Dating 5,000 pesos, ngayon dapat 100k na laman bago sila mag issue ng debit card?

Kahit may 100K ka na.. Kelangan meron pa din equivalent na 100K Cash-In transactions.. Yung GCash > GSave hindi sya considered as Cash-In [emoji58]..
May dalawang klase pa ng Cash In, Over the Counter at Online via DragonPay.. Hindi naman ako gumagamit ng DragonPay.. Kaya mag-over the counter pa siguro ako.. Napansin ko lang, mas gusto ko customer support ng ING VS. CIMB.. Sa ING App mismo andun yung exchange ng messages..

EDIT: Sir Jhay, MALI / VERY WORNG yung mga sinabi ko.. [emoji28] Kung hindi mo pa naitanong hindi ko i-check yung previous inquiry ko sa kanila.. Nag-reply na pala yung Customer Care nila and nasa mismong app lang din pala.. User error yung pinagsasabi ko sa taas.. [emoji1787] Same lang sila ng ING (very good [emoji1303])
To answer kung paano magka-CIMB debit card ito yung sagot.. Kailangan pala magkaroon/mag-open ng FAST Account or Fast Plus Account sa kanila.

[jut703]

Yun yung wala ako.. Yung pure stocks.. Nag check ako ng GInvest sa GCash.. Di ko naman maintindihan.. [emoji24]
Naguguluhan na ako kasi sa banks inaalok din ako.. Sinula kasi nung kumuha ako ng Sun Felexlink1 sa Sunlife tapos kapag chinicheck ko minsan wala naman kinikita.. Eh more than 5 years ago na yun.. Lugi pa nga kasi binawasan pa nila ng 5K+ agad pag-open nung policy as Service Charge.. Naka dalawang policy pa ako na kinuha.. Same lang walang kinita..
May ma suggest ba kayo Sir Jut na panimula lang for me to invest.. Yung madali ko lang magets.. [emoji23][emoji23][emoji23] Mas ok sana yung meron mobile app..

If you have time, you can listen/watch this video on GInvest.

1-04 PRO Edition: G-Invest GCash brings Investing to All! ? - YouTube

In general, GInvest’s offerings are at par with what local banks offer. What I like with them though are their Global Feeder Funds - I’ll personally be investing in ATRAM Global Consumer Trends Feeder Fund. It’s an actively managed fund, with investments in global companies. Pretty high management fees (3%) but worth a shot for diversification.


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[akosijhay]

Kahit may 100K ka na.. Kelangan meron pa din equivalent na 100K Cash-In transactions.. Yung GCash > GSave hindi sya considered as Cash-In [emoji58]..
May dalawang klase pa ng Cash In, Over the Counter at Online via DragonPay.. Hindi naman ako gumagamit ng DragonPay.. Kaya mag-over the counter pa siguro ako.. Napansin ko lang, mas gusto ko customer support ng ING VS. CIMB.. Sa ING App mismo andun yung exchange ng messages..

Hindi ko alam na may equivalent 100k Cash-In transactions pala na requirement ngayon. Buti nalang naka abot pa ko dun sa dati nilang requirement hehe. Thank you sa update, MissEks.

Di ko rin gusto ang UI ni CIMB kung ikukumpara sa KOMO. Nababagalan din ako sa response ng app nila. Buti nalang at may 4% interest promo si CIMB hehe.