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
Showing posts with label eastwest. Show all posts
Showing posts with label eastwest. Show all posts
Thursday, September 6, 2012
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.
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.
Friday, June 22, 2012
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
Wednesday, June 20, 2012
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.
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.
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