List of CASH CARDS in the PHILiPPINeS

it seems that trend now a days is go on plastic were in most banks from thrift bank to commercial and even the universal banks offer cash card or so called prepaid debit card. There are banks who offer the master card or visa presence which can be useful if you travel abroad or if you buy online while others are just for domestic use only. The cash card fees ranging from 100 to 500 depending of on what cash card do you want to get. there are banks who impose annualy fees and dormant fees and some cash cards has a validity of one year to five years depending on the card or your life time card. You can put funds any were from 10k to 100k a month and it is not covered by the Philippine Insurance Corporation.

BPI cash card

it has a wide array of cash card ranging from money order to e prepaid card for internet access.
card fee 150-500 card validity is 2yrs up to 10k maximum allowed amount
reloading of your cash card free of charge.

Banco de Oro

Generic card 10k with 6 months dormancy
Personalized 25k with 1 year dormancy
reloading of your cash card free of charge

PSBank

prepaid master card Free if you load atleast 500 php no dormancy fee and the vadility of the card is 5 yrs you get your card instantly pay 10php for every reload and the only cash card than can accumulate up to 500k balance.

RCBC

offers wide range of cash cards from mrt card to mercury drug powered by visa card fee is 150 and pay 10 fee for every reload and card validity is 1yr can store up to 100k a month.

East west bank

powered by Visa can store up to 100k a month pay only 100php and no dormancy fee and no fee when you load your card

Metrobank

Powered by mastercard just purchase the kit for 100php the card is valid for 3 yrs renew the card for 100php. Pay 25php regardless the amount you put on your cash card. Get your card right away

EastWest Prepaid Card Visa

A Better Way to Pay!
East West bank is one of the newest universal banks in the philippines a publicly listed company at the philippine stock exchange which was listed last march it has 200 branches all over the country and aim to expand it within three years to reach its middle class target.

East west bank has joined the latest trend in banking sytem the prepaid debit card. The EastWest Prepaid Card is a safe and convenient method for making payments for goods and services.

It removes the risk and inconvenience brought about by carrying large amounts of cash to pay for big ticket items.
It is a generally accepted form of payment for purchases through Point-of-sale terminals found in most establishment, as well as through automated teller machines and electronic payment channels used by online merchants.
It is an effective budgeting tool that prevents you from spending more than the amount that you have allotted and loaded into the Prepaid Card.
It is supported by features and processes to help safeguard your funds from theft, loss and unauthorized usage.
No bills, finance charges or other fees for you to worry about at a later date.
Unlimited Use & Global Recognition!
You can use your EastWest Prepaid Card to pay for dining, shopping, fuel, groceries, utility bills and online purchases. For as long as the merchant or establishment that you are transacting with accepts VISA as a payment option, you will be able to use your Prepaid Card for payment.

With over 30 million VISA affiliated establishments and 350,000 online merchants worldwide your cashless shopping options are virtually limitless. Even cash withdrawals are allowed at all VISA affiliated ATMs across the globe, subject to applicable fees and charges of the host bank and/or network.

Where to Start?
All you need to do is visit any EastWest Bank branch and follow the simple steps below.

Approach an EastWest sales officer and inquire about the Prepaid Card.
Fully accomplish an EastWest Prepaid Card application form.
Present at least one (1) valid government issued identification card.
Pay a minimal card application fee of P100.
Load your Prepaid Card with any amount between Php 100 to Php 100,000 and it will be credited to your prepaid card for immediate use.
Fees & Charges
Enumerated below are the fees and charges related to the usage of the EastWest Prepaid Card

TYPE OF TRANSACTION AMOUNT (Php)
Card Application Fee Php 100.00
Card Replacement Fee Php 100.00
PIN Regeneration Fee Php 50.00
Over-The-Counter Load / Reload FREE
ATM Balance Inquiry - Domestic Php 1.00/transaction
ATM Balance Inquiry - International* Php 45.00/transaction
ATM Withdrawal - EastWest Bank ATM Php 10.00/transaction after 3rd transaction**
ATM Withdrawal - Other Bank ATM Php 11.00/transaction
ATM Withdrawal - International VISA ATM* Php 157.50/transaction
* Subject to applicable fees and charges that may be imposed by the host bank.
** For every one (1) calendar month period.

PSBank prepaid MASTERCARD

Psbank is a thrift bank owned by metrobank it is publicly listed company at the philippine stock exchange with a trading symbol PSB.Philippine Savings Bank or PSBank is rank 2 in terms of capital among thrift banks with resources same as the size of a universal bank. With most banks offering cash cards to tap the unbank segments PSbanks prepaid mastercard is a standout among other banks which offer the same product.
With PSBank you can get your prepaid mastercard in 30minutes or less pa that right you read it right! Unlike other banks or most banks that offer cash card you have to wait for three days or one week as the case may be (familiar with we find ways) that will take you a week or even worst two weeks.
You can use it for shopping no need to bring huge cash and you can even pay your utility bills via online or via atm same as other cash card, it can be use as a remitance from abroad and you can use it when you travel abroad and it is accepted worldwide powered by mastercard
Whats nice about it is you can track it online just log on to the remote banking of PSbank so you can monitor everything go on and register your prepaid master card.

It has no dormancy fee like sa ibang cash card wala din annual fee minimal ang loading fee nya na 10php kaht anung amount and pwede kang maglagay ng up to 100k a month at sya lang ang cash card na pwedeng umabot ng 500k maximum outstanding balance mo pero siyempre pag ganito na ang pera mo e mg savings account ka na diba. You can put funds from your own psbank account via online or via atms and it can accept fund from other bancnet banks with a minimal fee of 25php

Sa ibang cash card e mababa lang yung allowed na pwedeng ilagay my isang bangko 10k lang good for two yrs ang card merun naman din pag generic 10k pag personalized 25k
Tpos pagng withdraw k naman yung isang bank 15php kaht sa sariling atm na nya at yung isa si we find ways e sumali na din my 2php na charge na din.
Si we find ways my doramncy charges sya both sa generic at personalized na card nya.

Sa psbank wala syang atm charges mg withdraw o mgbalance inquiry within psbank atnms at pag gamit mo naman ay metrobank e 2.50 ang withdrawal and 2.00php pag balance inquiry.
pero pag ibang atms na e 11-15php na ang charge.

Tandaan wala syang dormancy fee good for 5 yrs ang prepaid mastercard pwede na din sya gamitin sa online shpping at soon pwede na sya sa itunes as of the moment di pa sya pwede sa paypal pero malapit na din

Madali lang kumuha ng psbank prepaid mastercard mag dala ng isang valid id or dalawang secondary id.
Initial load zero pero pwede na 500php free na yung card after that you can use it right away no need to wait for one hour or 24hrs to use the card. your account is active right away and your on your way to an exciting experience with PSBank prepaid mastercard so what are you waiting for go to you nearest PSBank branch today.

East west bank respond

One of the banks that i emailed to bsp a few days has replied and they sent me a letter citing the BSP circular 608 that no TIN no processing of opening of bank accounts. It seems that people with no TIN number will excluded to have a savings account. For those potential depositors with no TIN number avoid EAST WEST BAnk, METROBANK and SECURITY BANK they are very particular with that specific recquirment. As of the moment im still waiting for the feedback coming from security bank and metrobank they have to communicate with me within 10 days as ordered by the Bangko Sentral ng Pilipinas

Quick respond from BSP

There are some problems encountered when we an ordinary individual open an account with some banks. Most common problems are ids which as a normal practice is we need 2 valid ids to open an account regardless if is an atm or a passbook. As we all know there are primary ids and secondary ids. Primary ids are ids issue by the goverment like passport licenses,company id , sss, gsis and others.secondary ids are postal ids,nbi clearance,police clearance,voters id,school id and other form of id. If you look at it they have no difference they are all ids bearing your name, basic info,signature and othere but not all.
When we present primary ids or one primary and one secondary id we can they will accept it.as for the difference of using primary ids to using secondary ids in opening of account. The difference is when you use primary ids are your allowed to deposit check even if you use one primary id and one secondary id you can still deposit check but if you present or use secondary ids you can only deposit cash meaning no checks i dont know why.

When you satisfiy there id recquirements they will ask you if you have a TIN number which i dont have one. Some banks will not allow you just like what i experience while some will allow you provided that you can present more recquirements like utility bill under your name,brgy clearance etc. Those banks who did not allow you will tell you that one of there recquirements in opening of accounts is TIN number so all you can do is look for banks that will allow you but there are branches who are very accomodating.
Because of this incident i have sent an email to BSP last june 01,2012 about banks who doesnt allow to open an account if you dont have a TIN number. To my suprise BSP has replied and endorse my problem to the banks three president.that namely metrobank,east west bank and security bank. Ordering them within 10 days to communicate with me directly and copy furnish bsp on the feed back and steps taken to resolve this.So far only east west bank has communicate with me regarding this problem.

Low initial and maintaining balance for regular savings account

No maintaining balance
Bpi and bpi family bank
Pay 250php 200php initial deposit and 50php for the atm fee. 5php transaction fee every time you use the card. 1000php to earn interest
China bank savings account
100php charge for the atm get your card instantly 1000php to earn interest

100php initial and maitaning balance

East west bank 

basic savings account 

initial deposit is 100php and 500 to earn interest comes with an atm visa. The lowest initial and maintaining balance in the market today

500 initial and maintaining balance
Land bank of the philippines
500 initial deposit and 500 For maintaining balance
Security Bank
500 initial deposit and maintaining balance 2000 to earn interest
Security bank savings (subsidiary owned by security bank formerly premiere bank) 500 for atm
The Real Bank
500 for passbook
100 initial deposit and 500 maitaining balance for atm
China bank savings
500 initial deposit and 1000 maintaining balance
RCBC savings
500 initial deposit
BPI direct
500 initial and maintaining balance
*apply through online
Sterling bank of asia
Any amount but you need to maintain 2000php with in 3 months comes with atm and passbook
Bank of commerce
500 initial deposit
Equicom savings bank
500 initial deposit

1000 initial and maitaining balance

China bank
1000 for atm or passbook
Opens till 5:00pm mondays to saturday inside sm malls

5000php to earn interest
Philippine business bank
1000 for atm or passbook
BPI family bank
1000 initial depost
City state savings bank
1000 atm
GSIS bank
1000 initial deposit atm
Philippine veterans bank
1000 atm or pass book or both
Philtrust bank
1000 passbook

2000 initial deposit

Banco de oro
2000 initial and maintaining balance
Branch are open till 7pm mondays to sunday inside sm malls
Philippine savings bank (PSB)
2000 initial and maintaining balance
*get your atm instantly
Planters bank
2000 initial deposit and maintaining balance
Metrobank
2000 initial and maintaining balance
EastWest bank
2000 initial deposit
Robinsons Bank
2000 initial deposit

Bank recquirements on opening of account

The basic recquirements for opening of accounts are as follows

2 valid ids
Primary ids
Passport
SSS/GSIS id atm type
Company id
Credit card with picture
Drivers license
PRC or IBP license
TIN atm type

Secondary ids
Voters id
Postal id
Phil health id
NBI clearance
Police clearance
*note if your presenting secondary ids you need four coz 2 secondary ids is equivalent to 1primary id
*for secondary ids use for opening of account you are prohibited in depositing any checks purely cash deposits

Picture either 1x1 or 2x2 depending on the banks.
Utility bills
*meralco,pldt,skycable etc
For record purposes (some bank recquires one billing statement under your name)
If the bill is not under your name some banks my ask for a brgy clearance just like in Land Bank.

For students bring your birth certificate school id and your study load or proof that you are enrolled.

Oops no bank account

The philippines has to many banks ranging from rural bank, commercial banks, thrift bank and universal banks we so many branches dominated by the universal banks were ever you go you ll find banks every were even inside a village but with so many bank present in every corner both the small bank and the big bank this has not solve the unbanked segment of our society.
In the first ever financial consumer survey of the Bangko Sentral ng Pilipinas they found out the 8 out of 10 filipinos does not own a savings account in any bank or 78.5% of our population are still unbanked this is very high considering that we have over a thousand banks in the country. We also have one of the highest unbanked in asia or even in the world. Bank tends to be aggresive in expanding and reaching out to the public but it has failed to address or minimize the unbanked segments of our society. With so many banks around the corner you might think that the recent survey was all lies but then again its true that we have a huge unbanked segment of our population with that there is still room to tap the untapped segments of our society. There a lot of factors why most of us have no bank accounts most common is that some people have nothing to put on in a bank. Then theres the huge amount of opening and maintaining balance. While there are banks who lowered there initial and maintaining balance to entice public to open a savings account this has not be implemented by majority of the banks in our country.3rd factor is the charges and fees impose by the bank when its depositors fall below fhe daily average balance in a month. With high fees why should save if you dont have the capacity to maitain one. 4th is to many recquirement were in when you open an account you have to present goverment issued ids. There are two types of id primary and secondary.
If you use primary ids like passport and sss you can open an account by presenting 2 primary ids but if you tend to use secondary ids you need to present 4 secondary ids like voters id,postal id,nbi clearance and so on. Two primary ids is equivalent to one primary ids. There are banks who are recquiring to have a landline,TIN number and utility bill under your name. If the bill is not under your name you have to get a barangay clearance. If you have no landline or even TIN they wont allow you to open an account. I have experience that with some banks. As you can see securing ids entails cost how can you open an account without spending much for ids whats left on your money may not be enough. Then when you have the ids needed you wont be able to open again why you dont have a landline or even a TIN number. If your successful in opening an account using your secondary ids your allowed to depost cash only no check deposit.
If i recall before the BSP has instructed banks to loosen up on there recquirements on opening a savings account but still youll encounter banks who are strict.
There are moves by congress to stop charging fees by the banks but to no avail it didnt materialize but resisted the calls stating it might affect there operations just like in the credit card segment high rates. Some lawmaker propose to have savings account with no maitaining balance while some banks did this there are two banks who have this type majority of the banks has no product like this. The first bank is a universal bank for only 100php you can have this account 100php goes for the atm the only problem is that every time you withdraw they impose charge of 5php regardless if its on there own atm machine while over the counter is around 100php. The 2nd bank is a thrift bank the former manila bank same procedure pay 100php for atm youll get it instantly the atm whats good to this bank they dont charge any fees when your withdrawing with there own atms but whats bad to this bank they have limited braches but they tend to expand aggresively.

BANKO a Saving Bank

Every one wants to open an account no matter how big or small your money is. There are a lot of banks in our country ranging from rural bank to universal banks. One needs to find out what suites his need.

One consideration most of us use in opening a savings account is the proximity of the banks, its product and service etc. Most of us want to have a savings account that offers low initial and maintaining balance. There are banks who offer no maintaining balance and some offer high maintaining balance. It is hard to maintain your money especially this hard times. There are cases were in banks are very strict about the requirements that some of us are having a bad experience with banks.( i can relate to that) They demand to many ids,tin,land line and utility bills etc.

BPI and GLOBE telecoms partnered and lunch BANKO the first bank in the Philippines that embraces mobile technology. BANKO aims to cater to "unbank" sector of our population who have no access to any financial products and services because of so many factors. BANKO was inspired by the mobile revolution in KENYA where in it is the highest country that uses mobile technology to facilitate deposits, bills payment etc.

This morning i went to BANKO to inquire on how to open a savings account with them it so easy to open an account you just need 1 valid id, a globe or touch mobile simcard and 100php as initial cost. 50php goes to atm fee and 50php for your initial deposit. They will link your g-cash to your banko account. There is no maintaining balance so therea no need to worry that your account will be close or pay any service charge. Your globe mobile number acts as your account number you are given 4 cash in in a month after that youll pay a minimal fee for every deposit that you make ranging from 1.25 to 37.50. You can cash in to any BANKO outlets nationwide. Sending money through your loveonce is just so as text the transaction fee ranges from 5-110php and you can send as low as 50php to 15000php the fee will be deducted to sender right away.

You can also withdraw via atm to any atms nationwide the fee is 20php for every withdrawal and 3php for every balance inquiry.

When you reach 2000php average daily balance you ll get a life insurance times 5 of your savings and can use your savings as loan for your business. They pay 1% interest per annum.

To chck your balance or pay your bills dial *118*1# on your globe or touch mobile link to your banko account its free of charge

This can be ideal for students or people who wish to have a savings account. All saving account are insured by the PDIC
As of the moment BANKO atms cannot be use to purchase goods like we use to enjoy on an ordinary atms. It is limited to deposits, sending money, buying loads and bills payment. The BAnko is one of the fatest growing banks in the country who know there might be a banko branch near. I hope that all interest from its savings account will not be subject to a 20% with holding tax since they are a cooperative bank
* good news globe banko atms cAn nowbe use to pay for your groceries at all hypermarket and all sm super markets what wores you can use to at sm department store.