ALERT! Possible robbery in the GREENHILLS / SAN JUAN area.

[ghosthunter]

(I got this through my Facebook. Given the rash of robberies, it is better to be safe.)

ALERT! Possible robbery in the GREENHILLS / SAN JUAN area.

[vinj]

I can confirm that the banks are aware of casing activities in the Greenhills area. They're not only after banks but also checking out possible big time cash depositors/withdrawals.

[Retz]

Up lang natin ito.

[Retz]

Mahina ata itong administration sa pagsugpo ng criminality kaya matatapang ang loob nila.

[JohnM]

Mahina ata itong administration sa pagsugpo ng criminality kaya matatapang ang loob nila.

Either that or effective sila to the point na the crooks are forced to resort to more extreme and violent means to get what they want. Besides malapit na election period. Robin Hood is out and about to rob from the rich and give to the poor

[uls]

tsk delikado na talaga less cash are going in the streets coz of bank to bsnk, online and credit cad transactions. The people are wondering why there is less cash on the streets and tapos the economy is growing daw. There is disparity in repors so the criminal elements are targeting the Fil-chinese community coz somehow in their minds, nasa mga intsik ang pera. Di lang dapat sa greenhills maginat, dapat sa banawe, binomdo, ongpin, san juan, dapitan, evangelista kung san natitira pa may cash transaactions, the makati, prtigas, fort transactions are mostly electronic transactions na, how can they steal that. But the fil-chinese, they still carry petty cash whether in motorcycle and of course, in corollas and fortuners, their favorite cars. Kaya yan ang target

well ya it's true most payments now happen online

BDO-to-BDO (seems like everyone has a BDO account)

[ghosthunter]

Our office also moved to ATM payroll system. Much safer than having to withdraw cash for each payday.

[vinj]

Our office also moved to ATM payroll system. Much safer than having to withdraw cash for each payday.

That's a good move. Your BIR payments, SSS remittances, etc. can also be done electronically free of charge.

[Balikpinoy]

That's a good move. Your BIR payments, SSS remittances, etc. can also be done electronically free of charge.

How can we do this?

[jon777]

one of our business deals with cash. what I did was to set up an armored bank pickup service from Metrobank. the 1st 4 weeks, i was personally carrying cash from our business to the bank 5 minutes away sometimes 3-4x/week. nakakatakot but i made it a point to change time, day of cash collection. Now, its the armored car from metrobank that is picking up the cash, all they require is a P3 Million ADB.

[vinj]

one of our business deals with cash. what I did was to set up an armored bank pickup service from Metrobank. the 1st 4 weeks, i was personally carrying cash from our business to the bank 5 minutes away sometimes 3-4x/week. nakakatakot but i made it a point to change time, day of cash collection. Now, its the armored car from metrobank that is picking up the cash, all they require is a P3 Million ADB.

P3M ADB (Average Daily Balance) should be easily attainable if it's the working account of the company. Even if you keep the balances low and transfer excess funds to TDs or SDAs to earn a little more interest, your floats should be able to sustain it if you have sizeable disbursements or collections.

How can we do this?

Contact your suking bank (preferably where your payroll or mother account is lodged) and you can ask to meet with their Cash Management Unit/personnel. There's SSSNet and BIR EFPS which the banks can tie to their E-banking modules so you can work on your remittances. This is free of charge.

[jon777]

^^^^ VInj, metrobank requires P3M ADB but the bank does not restrict the ADB to the business account alone. the bank also considers the other metrobank personal accounts of the business account holders also kaya magaan naman

[vinj]

^^^^ VInj, metrobank requires P3M ADB but the bank does not restrict the ADB to the business account alone. the bank also considers the other metrobank personal accounts of the business account holders also kaya magaan naman

Yep, they'll always aggregate it. If you have any business loans, the rate should also be commensurate to your deposits to a certain extent. Yung iba, their working funds and placements alone is at par with their corporate loans so their borrowing interest rates is pegged quite low and near the TD rates + taxes.

Buti at it seems happy ka pa sa Metrobank... napupundi na ako sa kanila with our corporate account.

[number001]

Our office also moved to ATM payroll system. Much safer than having to withdraw cash for each payday.

ATM is ideal but if your employees have lots of deductions (fr. loans, bale, etc...) its impossible.

[Horsepower]

Not impossible but more like taxing.

[Boy Bastos]

ATM is ideal but if your employees have lots of deductions (fr. loans, bale, etc...) its impossible.

Possible! As long as your HR and Accounting Dept are proactive and doing their jobs.

[ghosthunter]

ATM is ideal but if your employees have lots of deductions (fr. loans, bale, etc...) its impossible.

It is possible and we are doing it, including employee deductions.

[JohnM]

Buti at it seems happy ka pa sa Metrobank... napupundi na ako sa kanila with our corporate account.

OT: Our company shifted from Metrobank last year. That's a payroll account worth 1000+ employees. Sounds like napupundi na rin sila. Quite a few instances of very late ATM credit and giving our accounting officer the runaround when asked about the problem. Their ATMs are always offline or out of cash especially on sweldo days.

Our new bank is a lot better. No charges on any transaction from any Bancnet/Megalink/Expresslink ATM

[vinj]

^ Gusto ko na nga ipa-evict si Metrobank sa office building, pero i think they bought already the space (sayang yung recurring income!).

BTW, one of our employees recently got tripped by those ATM scan gangs. Be careful at the ATMs people.

[Horsepower]

OT: Our company shifted from Metrobank last year. That's a payroll account worth 1000+ employees. Sounds like napupundi na rin sila. Quite a few instances of very late ATM credit and giving our accounting officer the runaround when asked about the problem. Their ATMs are always offline or out of cash especially on sweldo days.

Our new bank is a lot better. No charges on any transaction from any Bancnet/Megalink/Expresslink ATM

Citibank? but it can't be, laki ng ADB nila, unless you managed to have that waived.

Out of curiousity, what bank is this sir?