What could OFWs do if they could open and manage an account from outside the country? A lot! I was talking to two friends in Los Angeles, California when one mentioned that his bank does not have brick-and-mortar branches. They don’t have branches to service customer over-the-counter transactions. All transactions are done online or through [...]

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Here’s a service by East West Bank Five days too long? East West Bank guarantees you will get the results for your housing loan application upon submission of complete requirements in just three days – a first in the market. In addition, it extended its maximum term to 30 years, breaking the previous maximum of [...]

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Here’s a bank service that can help OFW’s instill the value of savings in their kids — a kiddie savings account: A Savings account for youngsters, it’s the first of its kind that offers free personal accident insurance coverage and dental and health benefits in one account. It requires a low opening balance of P500 [...]

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Some Western Union branches carry an additional brand named “eBiz”. Here’s a clipping from an eBiz flyer about the eBiz Visa cash Card: ATM Access sa Buong Mundo! – Puwedeng gamiting pang-withdraw sa Bancnet, Megalink at ExpressNet ATMs sa Pilipinas o Visa ATM abroad. Globally accepted ito — magagamit ang inyong card sa mahigit 4,000 [...]

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One thing I’ve noticed over the past 8 years or so is the proliferation of ATM cards among the common Pinoy. There was a time when only the better-off office-class workers had ATM cards. The use of the ATM was a luxury only a small percentage of better-off Filipinos had. Other Pinoys would need to [...]

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On New Year’s day, Tuesday, January 1, 2008:   1 US Dollar = 41.96009 Philippine Peso    Annual Average Exchange Rate of Philippine Peso per US Dollar: 2007: Php  47.162 2006: Php 51.3451 2005: Php 55.0984 2004: Php 56.0411 2003: Php 54.2059 2002: Php 51.5762 2001: Php 51.002 2000: Php 44.1405 1995:  Php 25.7086 1990: Php 24.268 [...]

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