The Most Useful Accounts during the lockdown

The Coronavirus put us in a very difficult situation. It make our life like hell because during the lockdown we are like prisoners. During this difficult time we cannot do a normal things such as buying goods, paying bills, depositing money, travelling, and etc.

These 3 digital platform and debit cards are the most useful for me during the lockdown.

 1.) BPI Atm Saving Account - I used it during the lockdown depositing money thru their Deposit Machine and I also used it to transfer money for digital bill payment. My bpi atm account is really very useful during this difficult situation.

 2.) UNION BANK Atm Account - Just like my Bpi Account my union bank account is also very useful during this difficult time because I also used it depositing money and transfering cash for bill payment.

 3.) GCASH - This platform is the most useful for me during the lockdown for bill payment even the bill payment was extended.

The BPI AMORE PREPAID VISA

BPI AMORE PREPAID VISA - I can say it is safer than using your BPI DEBIT Card because it is not connected to your saving account. You can link your Amore Prepaid Visa to your BPI account so that you can load it using your saving fund. It is really a very simple prepaid card like a credit card and I really like it even it is not like the Gcash or the Paymaya where you can use the card to withdraw. Firsttime I used this card this year 2020 and I can say I am very satisfied using it.



    

 

Digital Saving Account

Which bank is the best to open a digital saving account?

Honestly I don't know if which is the best because I only have 2 digital saving account one is my old bpi atm saving account and the other one is The Union Bank of the Philippines Personal saving account.

*What is a digital saving account?

- As far as I know digital saving account is different from online banking. Yes, I am 100% sure because thru digital saving account you can buy anything including cellphone load, do a fund transfer, and pay Bills unlike online banking in which you can do the basic ( check your balance ). Honestly I don't know if digital banking is safe but I love using it for some purpose.

 If I Rank my 2 digital account MY Union Bank Personal Saving Account is #1 and My Bpi Atm Saving Account is #2.

1.) Union Bank Personal Saving Account - I like union bank because I just opened my account using the union bank app. It take me less than 10 minutes and I'm done. I recieved my atm card in just 4 working days.I love my union bank account even it has an annual fee of P350 because you can do anything using your account ( save and do a fund transfer ). The fund transfer is really the one I like of union bank because Pesonet is free and the instapay is cheaper compare to the other bank.

2.) BPI atm Account - this is my oldest saving account and I never closed it. I am very happy that bpi do an upgrade to their ancient account and transform it into digital saving . I think I will never close this account and wait for the future upgrade .

Honestly before I am thinking not to open a digital saving account for safety and I should be satisfied with only one digital saving account ( my bpi saving account ) but month ago I decided to open and try the union bank digital personal saving account because I really need another one for budgeting ( credit card payment and emergency fund ).

ATM Account System Error

  So far these are some of the problems I encounter.

1.) Metrobank ATM Account - It deducted my account even I requested to stop my autopayment. I think this is the cause of a delay process to stop the payment.

2.) Eastwest Bank ATM Account  - It deducted my account everyday. I think this is really a real system error but I am happy that the bank refunded all the money deducted to my account.

  

Credit Card Vs ATM Card Vs Debit Card

Which is better ( The Credit Card, The ATM Card, or The Debit Card ) ?

Honestly I don't know if which is better because all has a different purpose and function base on the way I use it.

* I used my CREDIT CARD in an emergency purpose in where I need to spend more than my ATM limit and my DEBIT CARD limit. Honestly now a day I never used my ATM card to pay things. I only used my Credit Card and my Debit Card to pay things and services because I think these cards is for this purpose.

* I used my ATM CARD as an emergency fund if I need cash but most of the time I use it to load and fund my DEBIT CARD.

* I used my Debit Card as my second option to pay things and If I need cash




                
                                                         

The Best Bank to Open an Atm Saving Account

All of the bank are just the same because they all have the same service and product. The requirements of opening an atm saving account are almost just the same.

1.) 2 valid I.D's ( any government I.D ).
2.) 2 picture I.D ( 2x2 or 1x1 )
3.) Initial Deposit ( Depending on the bank minimum Deposit )
4.) TIN Number ( some bank required SSS Number )
5.) Proof of Billing ( Billing Address)- Utility Bill


If  you will ask me if which bank is the best to open an ATM saving account . The list below is just base on my experience opening an atm saving account.

1.) Security Bank - I like the process of opening an atm saving on Security Bank very simple because I just submitted a 2 valid i.D's, 2 picture I.d ( 1x1) and I'm done. I just deposited a minimum amount which is P 5,000 . Honestly I don't know now if they are requiring the TIN number and the SSS number . I really like the Security Bank Easy Saving Account even though the Maintaining Balance is P 5,000 and the Balance Requirement to Earn Interest is P 100,000 because you can use your atm account to open an eSecure account which has the highest interest rate compare to any atm saving account.

2.) BPI - The requirements is just the same to the other bank and I don't have problem opening an account to BPI. I really like the BPI atm saving account because you can use it funding your GCash without using the GCash Apps. Checking your BPI Atm account balance is also very simple without using the apps and the atm machine you just need to Dial *119# ( GLOBE and TM ).

3.) Metrobank - The requirements is also the same to the other bank and I don't have problem opening an account to Metrobank. I can say it just fine but there is always a problem on their deposit machine because it is always not working.

4.) Land Bank - The requirements is just the same to the other bank but it has a low minimum initial deposit which is P500. The problem with Land Bank is there are too many people always in their bank so it is very difficult to deposit because you need to wait . But I solved my deposit problem on Land Bank I just used my VMONEY ACCOUNT to deposit.


5.) EastWest - The requirements is just the same to the other bank but this is the first time I submitted a Proof of billing, DTI permit, and a photo copy of my other bank statement. The minimum initial deposit is really very low compare to all of the bank here in our country which is P100 .

These are the best debit cards in the Philippines base on my experience.

1.) Vmoney Visa ( CTBC Bank )- the vmoney visa by CTBC I think is one of the best card I ever have. The reason for this even in the province I still use it to shop online, pay things online, and it can be use to deposit money to most bank ( your Vmoney Account ) unlike the Gcash which can only use to BPI and RCBC. I love funding it thru M.Lhuillier.

2.) Gcash - I love Gcash because it is very easy to use and it can connect to your BPI account. You can fund it using your BPI account by dialing ( GLOBE and TM  ) *119# ( Bank to Gcash ). It can also use to fund your Paymaya Account or MVP REWARD CARD by dialing (GLOBE and TM ) *143# SEND MONEY to PAYMAYA.

3.) Paymaya - I have an MVP REWARD CARD which is also a paymaya card but you can earned money to your load ( SMART, TNT, and SUN ). You can fund it as I said thru Gcash by Dialing ( GLOBE and TM ) *143# SEND MONEY to PAYMAYA. But I think the most simple way to fund it by using INSTAPAY ( Bank Transfer thru METROBANK online Account (Debit Card ).

4.) BPI DEBIT CARD - I like it even it is not a visa or a master card because you can connect it to your GCASH ACCOUNT which is very useful . Funding your GCASH and Paymaya is really fun using BPI Debit Card.

5.) Security Bank Debit Card - I think still one of my favorite even though you can earn interest if your account is 100k and the maintaining balance is 5k. It is still the best debit card because you can use it to open an eSecure Account which has the highest interest rate compare to any atm bank account.

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