Typical Filipino Depositor’s Bank Balance...

[mda]

Per person pala yun? Inassume ko lang na per account so laging tig-500k lang nilalagay ko sa isang account tapos lipat sa kabila yung sobra. Parang alkansya ba. Useless pala ginagawa ko. [emoji23]

Although parang di naman ako comfortable na 500k lang laman ng banko ko for emergency. Magkasakit lang or something ubos kagad yun.

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Yes, sa pagkaalala ko hehe [background, a few years of banking experience]

In the event na mag bank run yan or the bank becomes insolvent, you can only really get the PDIC's 500K.

You can always run around this by having the accounts in family members' or (eventual, in your case) kids' names. Pero alam ko may rules din if joint account. Just forgot how those work.

[MR_BIG18]

Per person pala yun? Inassume ko lang na per account so laging tig-500k lang nilalagay ko sa isang account tapos lipat sa kabila yung sobra. Parang alkansya ba. Useless pala ginagawa ko. [emoji23]

Although parang di naman ako comfortable na 500k lang laman ng banko ko for emergency. Magkasakit lang or something ubos kagad yun.

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SDB...can be used for jewelries and land titles, just park 1m for emergency

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[mda]

SDB...can be used for jewelries and land titles, just park 1m for emergency

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Possible din, pero if the money rots inside the SDB or if binaha yung bank like nung ondoy (heard of a few cases during this time nung nag ondoy where nabaha yung buong branch), wala rin guarantee for that. May risk either way hehe.

[uls]

remember a bank deposit is lending money to the bank

can your bank be stronger than the government?

why not lend to the govt instead

mas mataas pa interest

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and since you're already lending your money to a corporation (your bank)

why not lend your money to other corporations?

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spread it out

[MR_BIG18]

Possible din, pero if the money rots inside the SDB or if binaha yung bank like nung ondoy (heard of a few cases during this time nung nag ondoy where nabaha yung buong branch), wala rin guarantee for that. May risk either way hehe.

bro...in life there is no guarantee, people leave money in SDBs mostly for 2 reasons, for extra judicial use or medical emergencies..pag binaha ang SM dito sa bicutan, SDBs are least of our problems..that means, laguna lake has flooded and taguig and makati is under water..

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[uls]

naalala ko noong 2008 financial crisis when US financial institutions were falling like dominos

there were people withdrawing large amounts of cash and stuffing them in safety deposit boxes

[carwhacko]

How do I lend money to government?


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[uls]

How do I lend money to government?


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invest in government bonds po

[carwhacko]

invest in government bonds po

Interesting. Will take a look. Salamat boss uls.


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[Syuryuken]

Kung totoong mayaman yan, you'll run out of banks and family members first.

500K yung insured per bank, per person, not per account hehe.

potek ganun pala yun kala ko per account hehehe

sa government bank lang pala ang sigurado kahit milyones ang ideposito mo.

[mda]

potek ganun pala yun kala ko per account hehehe

sa government bank lang pala ang sigurado kahit milyones ang ideposito mo.

Sure. Kung naubusan sila ng pera, they can always print more money...

[carwhacko]

Para sainyo anong bank ang okay magimbak ng pera? Although alam ko namang tulog pera ko dun. Currently nasa EWB lahat ng accounts ko pero I find Security Bank’s All Access account convenient at may life insurance pa atang libre.


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[chronicle]

Any major bank na convenient sayo. Wag ka lang sa rural bank kasi may chance na magsara

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[carwhacko]

Any major bank na convenient sayo. Wag ka lang sa rural bank kasi may chance na magsara

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Naisip ko rin yan. Hehe!


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[XTO]

Para sainyo anong bank ang okay magimbak ng pera? Although alam ko namang tulog pera ko dun. Currently nasa EWB lahat ng accounts ko pero I find Security Bank’s All Access account convenient at may life insurance pa atang libre.


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BDO, BPI, SecBank.

Few years baka dami ko account sa Rural Bank 6% per annum TD. Pinaglalagyan ko ng less than 500K each of the 5 accounts. Come every maturity date which is January kumita din. Inalis ko lang nung nag iba na may ari - Napatay (ambush) ang son-owner and mismo mga employees ang ang tip sa kin. Pati silang mga luma paalis na rin.

[MR_BIG18]

i used to have a water container used as a piggy bank..5 and 10 pesos..took me 2 daya to sort and bring to the bank..

https://s14.postimg.org/600non7bl/IMG_0077.jpg

now to anymore at bawal na daw..

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[_Cathy_]

Marami ring naka deposit sa foreign banks.

Yup! This is something we don't declare but deposits in offshore banks are fully insured. I'm not sure if it's still the same though. Dami ng new laws and changes sa retail banking.

Per person pala yun? Inassume ko lang na per account so laging tig-500k lang nilalagay ko sa isang account tapos lipat sa kabila yung sobra. Parang alkansya ba. Useless pala ginagawa ko. [emoji23]

Although parang di naman ako comfortable na 500k lang laman ng banko ko for emergency. Magkasakit lang or something ubos kagad yun.

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Wow! You've only been working for less than 5 years and you can already separate in 500k increments!

mda is right, per person kaya there is only one customer account number kahit gaano pa karami accounts mo.

Yes, sa pagkaalala ko hehe [background, a few years of banking experience]

In the event na mag bank run yan or the bank becomes insolvent, you can only really get the PDIC's 500K.

You can always run around this by having the accounts in family members' or (eventual, in your case) kids' names. Pero alam ko may rules din if joint account. Just forgot how those work.

You worked retail banking pala I do know people who do that (account under a relative's name) Tiwala na lang talaga.

[mda]

Yup! This is something we don't declare but deposits in offshore banks are fully insured. I'm not sure if it's still the same though. Dami ng new laws and changes sa retail banking.

In any currency ba? (aside from PHP i guess)

You worked retail banking pala I do know people who do that (account under a relative's name) Tiwala na lang talaga.

Yes worked as a management trainee sa isang local bank. From frontlining sa branch to trading sa treasury may [konteng] exposure hehe.

[_Cathy_]

In any currency ba? (aside from PHP i guess)

Yes worked as a management trainee sa isang local bank. From frontlining sa branch to trading sa treasury may [konteng] exposure hehe.

Yes I think.

Maganda talaga pag may experience sa retail/branch banking, maraming alam Mga traders samin get million peso bonuses, although ang sweldo nila coming from asia pacific head office, not Manila. Big time mo :P

[mda]

Yes I think.

Maganda talaga pag may experience sa retail/branch banking, maraming alam Mga traders samin get million peso bonuses, although ang sweldo nila coming from asia pacific head office, not Manila. Big time mo :P

Never worked at a multinational... kayong mga iba yung bigtime... :O

You guys probably are making several times my salary there.