First Bank depositors here?

[jolog1]

Sumara na daw. More likely, bankrupt na. Kawawa mga vendor diyan sa Divisoria, diyan sila lahat nagde-deposit. Pero insured naman hangang P250,000.

Kaya talaga wala akong tiwala sa maliliit na banko.

[tagalnasaabroad]

di ba central bank nagreregulate ng mga solvent banks..?! hirap namang basta matutunaw nalang ang pera ng mga small depositors..buti pala tumaas na ang PDIC insurance..taasan pa nila kahit isang milyon maliit parin 'yon..umiikot-ikot lang naman 'yang peso currencies sa local economy natin..kaso pag mataas na ang inflation at me fiscal crisis ang economy bugbog at lamog-lamog na naman ang peso sa international markets..

except sa asean airports at sa dubai di pwede palitan ang peso to other stable currencies..and the currency is one of the gauges of how a country fares economically..

we're among the tail-enders and also very close to fart smelling source...

[baiskee]

first bank? never heard.

[timyong]

kawawa ang mga small depositors because you know its hard earned money for most of them. I think they wont be getting the money back, if makukuha nila maliit na lang.

[diesoline]

di ba first bank was the former producers bank? it became pdcp bank then another name i can't remember now. it was then acquired by the sm group which then turned its network into banco de oro branches.

[kiper]

Originally posted by timyong
kawawa ang mga small depositors because you know its hard earned money for most of them. I think they wont be getting the money back, if makukuha nila maliit na lang.

Deposits are now insured upto P250,000. Kung masmalaki ang deposito mo jan..kuha ka pa ulit ng isa pang insurance.

Di ko pa narinig ang bangko na yan ah? Kung maliit lang yan..madali pa ring makakabayad sa mga depositors yan..marami pang assets at reserve yan sa BSP.

[flakez]

kawawa mga vendors sa divisoria. hirap na nga kumita ng pera tapos ganon pa mangyayari. siguro ung iba don lampas 250,000 ung pera sa bangko. kawawa talaga.

sabi sa balita kanina meron daw nag deposit ng 3m. tsk tsk. kawawa.

[boybi]

Originally posted by diesoline
di ba first bank was the former producers bank? it became pdcp bank then another name i can't remember now. it was then acquired by the sm group which then turned its network into banco de oro branches.

First e-Bank yung tinutukoy mo, iba yan sa First Savings Bank.

Originally posted by kiper
Deposits are now insured upto P250,000. Kung masmalaki ang deposito mo jan..kuha ka pa ulit ng isa pang insurance.

pwede ba kumuha ng additional insurance? saan at paano?

[greenlyt]

Hanggang 250K lang talaga ang insurance ng deposito, yun sobra dun pwde mo pa makuha after liquidation ng nagsarang banko, pero it will take years bago ito ma liquidate, to be on the safe side mag deposit ka na lang sa mga malalaking banko. And one more tip kung may isang bank na nago-offer ng malaking interest think twice bago ka kumagat kasi most likely nag hihingalo na yan bank na yan kaya sila nagtatataas ng interest kasi they want to attract more depositors para dumami cash nila.

[FrankDrebin]

Oo nga kiper, may additional insurance pa ba yun?

[FrankDrebin]

greenlyt, yan ba yung AMA Bank? Syet!

[jolog1]

Kahit insured yung pera, kawawa pa rin ang mga vendors sa Divisoria. Araw araw dine-deposit nila ang collection nila. Nakatali ang pera nila hangang ngayon. Saan sila kukuha ng pundo para replenish mga inventory nila? Rent? Bills?

[greenlyt]

FrankDrebin d siya yun AMA bank from the start Fist Savings na ang pangalan niya, mga 20 yrs. na yun bank in operation until last Wed. when it was ordered closed by the Monetrary Board.

[EC248M]

Originally posted by boybi
First e-Bank yung tinutukoy mo, iba yan sa First Savings Bank.



pwede ba kumuha ng additional insurance? saan at paano?

Cguro pwede split deposit maximum of 250T para insured. Let say you have 500T deposit it into two account numbers. Regarding sa insurance, i think its automatically insured.


just my two cents..

[the_wildthing]

Medyo OT:

My personal preference is: don't put too much money in a regular savings account. Sayang. It just sits there earning minimal interest. As much as possible, look at the financial "health" of the bank you're banking in.

If you have money to save, put it in other savings instruments.

I use the regular bank account for an emergency fund - something to draw against just in case, and a checking account.

The rest are in mutual funds, pension and insurance...

[FrankDrebin]

How about treasury bills? My stock-broker tropa is always bragging about this. He said it is better than those bank's time-deposit.

[jolog1]

Cguro pwede split deposit maximum of 250T para insured. Let say you have 500T deposit it into two account numbers. Regarding sa insurance, i think its automatically insured.

It doesn't work that way. It's 1 insurance per DEPOSITOR. Kahit may 10 accounts ka, iisa pa rin ang depositor - ikaw. Kaya hangang P250k pa rin ang insurance limit mo.

FrankDrebin - Treasury Bills are good too. Pero you have to consider na sabi ni GMA malapit na daw tayo sa fiscal crisis. Tingnan mo yung utang ng pinas, lubog na pagtapos umutang pa ng $1 billion kahapon through bonds. Kung bumagsak ang economy natin, default lahat ang loans kasama mga bonds/bills. Tingnan mo ang nangyari sa Argentina 2002. Short term is good pero anything longer than 3 years I think it's a risk. Pero the higher the risk, the higher the interest rate.