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  1. #1
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    Quote Originally Posted by sheldon1 View Post
    So please beware if you go below 2,000 your account will be closed.
    Did they return the 1000php?

    I have an HSBC Savings Philippines account with only 5000php balance, haven't touched it for 2 years. They sent me a letter to notify new T & C's and any accounts with a balance of less than 50,000php will be closed as of September 2009, but mine seems to be open and I'm getting regular statements.

    Banks in the Philippines seem to favour only the well off, if your poor, they don't wanna know, and whats sad is that there are no alternative basic banking facilities available to those with a small income. Probably why the Philippines still deals mainly in cash for most day to day transactions as opposed to the UK where most transactions are via debit or credit card.


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    Quote Originally Posted by walesrob View Post
    ...They sent me a letter to notify new T & C's and any accounts with a balance of less than 50,000php will be closed as of September 2009, but mine seems to be open and I'm getting regular statements...
    Php50,000 Ouch - That's a lot to just have sat there not being spent!


  3. #3
    Respected Member Sim11UK's Avatar
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    My wife just opened a PNB account, you need to keep a balance of 5000 php.
    She also has BDO account, but I think she may have gone under the minimum requirement.

    Interesting, when we went into a BDO branch, there were girls working there, carrying little baskets, full of 500 or 1000 php notes, great wads of them.
    Openly putting them infront of us & putting them through the counting machines.

    The 2 armed guards, on the door prevent you from doing anything silly.


  4. #4
    Moderator Arthur Little's Avatar
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    bdo gone crazy ...

    ... they're not the ONLY ones!!! I would've gone too, with all the falderals involved in Phils' banking.


  5. #5
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    Quote Originally Posted by Sim11UK View Post
    My wife just opened a PNB account, you need to keep a balance of 5000 php.
    She also has BDO account, but I think she may have gone under the minimum requirement.

    Interesting, when we went into a BDO branch, there were girls working there, carrying little baskets, full of 500 or 1000 php notes, great wads of them.
    Openly putting them infront of us & putting them through the counting machines.

    The 2 armed guards, on the door prevent you from doing anything silly.
    Yeah, when I went to bank here, no one is on the door,no security guards, no gun from policeman, lovely ! isnt it?


  6. #6
    Respected Member Sim11UK's Avatar
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    Quote Originally Posted by September View Post
    Yeah, when I went to bank here, no one is on the door,no security guards, no gun from policeman, lovely ! isnt it?
    We never had guards here generally on the door, but banks used to be such serious places, with big wooden polished counters...now you go in them & they're very laid back, sometimes even have music playing.

    Not really sure which I prefer?


  7. #7
    Moderator Arthur Little's Avatar
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    Quote Originally Posted by Sim11UK View Post
    We never had guards here generally on the door, but banks used to be such serious places, with big wooden polished counters...now you go in them & they're very laid back, sometimes even have music playing.

    Not really sure which I prefer?
    ... the FORMER, for me at any rate ... minus the security guards, of course! As for the so-called "music" blaring out ... a resonant as far as I'M concerned. Gone are the days when customers could consult their Bank Manager in the privacy of *HIS [*not intended to be sexist!] office.

    I invariably find myself yearning for the 'Good Old Days'!

    But then, I'm very much a product of the "Old School". And proud of it!


  8. #8
    Respected Member Sim11UK's Avatar
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    I agree Arthur, somethings need to be serious, Banks are one of them.
    I think many of the staff, certainly in mine, are quite rude...I've queue'd up before & then they say "You could have used the machine to do that".
    Well I don't always want to use the machine, arrggghhhhh!!!

    Bring back Capt. Mainwaring

    Gone right here.


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