Getting your atm

We all want to have our own bank account no matter how big or small our money is. Some my opt for a passbook while some want a passbook and an atm in one account for easy monitoring and convinience of withdrawing. Theres also the atm account it gives convinience and flexibility than a passbook. You can use your atm for purchasing, paying bills via the atm,online purchasing etc. But getting your atm card is not that easy it you have to wait for 3 days (minimum) for most banks and a whopping 7-10 days for other banks. You ask them why is it taking so long for you to get your atm. They will say that they have no embosser machine in inside the bank. Some banks prefer to print in bank thats why you have to go back and wait for several day. If your in a hurry why not generic atm but seldom wants to have a generic atm banks that issue generic atms are bdo and rcbc savings. But if you are a first time you want to have your name emboss on your first ever atm. We only have two banks that offers convenience of getting your card right away first is PSBank largest thrift bank member of metrobank group within minutes you have your atm with you even your prepaid mastercard right away then chinabank savings subsidiary of china bank take note that some branch of chinabank savings are the former branch of manila bank just like psbank you can get it right away no time wasted you have  it when you leave the bank and what good about it you can use it right away not like all the atm cards that you have to wait for 24hrs for activation. Come to think of it why cant bdo,bpi,metrobank or  any other bank do what psbank and chinabank savings did by offering a on the spot atm. They have the resources and capability to install embossing machine on all there branches. If banks will have this banking will truly be less huscle and convinient to all of us since were leaving in a fast pace life were every minute is important to us no matter what your statue maybe

Basic savings account

In this hard trying times maintaining a savings account is very difficult specially if your a student or a plain house wife. Opening a savings account maybe stressful to some most banks have a high initial deposit ranging from 1k to as high as 5k depending on the account wether atm or passbook some banks recquire 10k for passbook. Then you have to maintain huge amount to earn interest or for some banks to avoid monthly service fee. There are banks who offer low initial and maintaining balance. While there are two banks who introduce the no maintaining balance account for almost two years now. Now east west bank the newest universal bank in the country which was given a universal license by the BSP last March of this year has a new product called the basic savings account initial deposit is 100php can you believe it wow and whats more if you reach 500php youll earn interest not bad. All you need is 100php as a maintaining balance and 500php to earn .0025% per annum. Its truely a simple yet very affordable and easy to maintain. Ideal for students and ordinary individual who really on a thight budget. Other features of the account is a visa debit card, electronic statement, can use as point of sale even internet shopping. Do remember of the fees they impose on basic savings account withdrawal over the counter and fund transfer over the counter you have to pay 100php and for deposit free of charge. Transfering fund from your personal account going to your other account is free of charge. On line transfer is also free. It is truly a small begining with east west banks basic savings account now every one can have there own savings account

Happy plus vs SM tap n pay

Last year jolibee together with bpi lunch the tap n pay system in the country were in you can use the card to buy food on all jfcs company from jolibee to re ribbon and soon mang inasal (when will that be) for only 100php valid for 2yrs you can use it buy loading it with 100php up to 10000php. Whats good about this is you get a rebate of 2% of total purchase at any jfc stores nationwide. Last May happy plus card has lunch a survey about expanding the use of its happy plus card. The survey ask its members on where they want to use the card etc. Not to be out done by this is SM's tap n pay card replacing there e plus card which was lunch last year for its cinema business. Last June 10,2013 sm officially lunch its tap n pay card same function as the happy plus card but in the meantime you can use it on sm cinemas. Hopefully by september we can use it at all sm tenants n uv xpress taxis and if sm wins the bidding of mrt ticketing system tap n pay cardscan be use for riding mrt n lrt. Is int great to have this thing one card for all. If you think tap n pay system is not that new to us if my memory is correct way back 2006 mastercard together with bdo lunch an atm called pay pass even smart communication has a pay pass to for smart money unfortunately it didnt went well because of lack of interest at that time after 3 yrs you can see so many terminals of pay pass but the pay pass card of mastercard has banish. Now that the goverment is serious about this its time to have this tap n pay in our country other countries like singapore n hongkong are using this system and dotc envision this project like those two countries. All this tap n pay card has an expiry of 2 yrs for sm you can load it all sm outlet nation wide n for happy plus card at all jfc companies nationwide. Its good to have this but wouldnt it be better to make all atm tap n pay instead of having another card. But its a long way to go but soon we will have a taste of a first world payment system. Soon we might see other banks or business establishment lunching there own tap n pay card. 

Metrobank prepaid mastercard

Metrobank recently joined the bandwagon of banks issuing prepaid cards. Metrobank the second largest bank in the philippines in terms of assets among universal banks,loans and deposit and currently the largest capitalized bank in the philippines. The former no 1 lunch there cash card powered by master card. The pre paid card is valid for 3yrs. To avail of the card simply go to the nearest metrobank branch near you.

Recquirements:
1 valid id (any goverment issued ids)
If secondary ids like postal,voters, nbi etc present two ids of secondary ids
Photocopy it
Then pay 100 peso for the kit.
Then you can get your personalized card right away no need to wait for 3 days or more.

You can access your account via online and mobile banking through smart. Just enroll your prepaid card on smarts mobile banking just type MBT or MBTC. It can also accept fund from other bancnet banks subject to approval of bancnet members.
Recieve funds via online trough metrobank account free of charge.

Fees

Every top up you pay 25php regardless of the amount.
Withdrawal is free for metrobank atms and 11.50 to 15 to other banks atm
Balance inquiry 2.50 metrobanks atm frre of charge
For international withdrawal 3.50$
For international balance inquiry 1.50.
Point of sales free of charge.

Go to your nearest metrobank branch

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.