th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg
 
News and Events

How Much Are Banks Charging for Electronic Fund Transfers To Other Financial Institutions?

Fees vary per bank, and some offer the service for free

In a memorandum issued on September 4, the Bangko Sentral ng Pilipinas (BSP) required all financial institutions offering online banking services to introduce options for interbank electronic fund transfers (EFTs) by November 30.This will allow depositors in any Philippine bank or non-banking ...

by Lorenzo Kyle Subido  | September 20, 2018 03:00:00
News and Events

Who Are The Highest-Paid Bankers in the Philippines?

Top bank executives in one bank received an average of Php55.8 million each in 2017

A career in the financial industry is generally regarded as one of the most financially rewarding in the Philippines. Based on the average monthly wage rates data released by the Philippine Statistics Authority, “securities and finance dealers and brokers” ranked the second ...

by Pauline Macaraeg  | July 30, 2018 06:00:00
News and Events

Which Bank Branches Are Open During Holy Week?

Guide to operating hours of the country’s top banks during the Lenten break

Banking clients are advised to finish all their banking transactions on or before Wednesday, March 28, as most banks will be closed this Holy Week.From Maundy Thursday (March 29) until Easter Sunday (April 1), only a few branches of Metropolitan Bank & ...

by Pauline Macaraeg  | March 28, 2018 09:00:00
News and Events

Bank Schedules for the Holidays 2017

A guide to operating hours of some of the country’s largest banks between Dec. 26 and Jan. 2

Banks all around the Philippines will be closed on Christmas Day and New Year’s Day, but their ATM units and Internet banking channels will be available to continuously serve the banking needs of their clients. Check out the list below for the ...

by Pauline Macaraeg  | December 22, 2017 04:00:00
Startup Tips

Want to Save But Lack Money? Here's a List of Bank Accounts That Require Initial Deposits of Php500 or Less

9 of the country’s 20 largest commercial banks by assets offer easy-on-the-pocket savings account products

A survey by the Bangko Sentral ng Pilipinas in 2014 found that 86 percent of Filipino households do not own a bank account. The main reason? They don’t have enough money to open one.Some of the country’s largest banks are trying to ...

by Pauline Macaraeg  | December 19, 2017 11:00:00
Startup Tips

What Banks Need to do to Survive in Today’s Digital and Cloud Environment

The financial industry may need to start using artificial intelligence

Today’s established banks are already facing challenges and disruption. New competition in the form of on-the-cloud startups and fintechs are gaining the attention of potential clients and funders. Moody’s Investor Service already estimates that these groups are already 4,000-strong worldwide and that ...

by Nicai de Guzman  | September 12, 2017 10:00:00
News and Events

BPI Launches Direct BanKo for Self-Employed Micro Borrowers

Offers NegosyoKo Loans worth from Php25,000 to Php300,000

Bank of the Philippine Islands (BPI), the country’s third largest bank by assets, launched the BPI Direct BanKo, Inc., its micro finance bank unit that aims to cater to the underserved sector of self-employed micro entrepreneurs (SEMEs) today, July 25.“Many of these ...

by Pauline Macaraeg  | July 25, 2017 06:00:00
News and Events

How Much is the Typical Filipino Depositor's Bank Balance?

Almost two-thirds of families with bank accounts keep a deposit of only Php10,000 or less

If the average balance in your deposit account is only Php5,000 or less, you’re actually in good company. Almost half of the country’s households with bank accounts have only that much in deposits, according to the Bangko Sentral ng Pilipinas (BSP)’s latest ...

by Entrepreneur Staff  | May 29, 2017 10:00:00
News and Events

Bank Schedule for Holy Week 2017

Most will be closed, so make sure you're prepared

Banks are advising clients to accomplish all over-the-counter banking transactions by April 12, Wednesday, as most bank branches will be closed from April 13, Maundy Thursday, to April 16, Easter Sunday. However, a few banks will open some branches with adjusted hours ...

by Pauline Macaraeg  | April 12, 2017 11:00:00
Business Ideas

Singaporean tech startup offers Filipinos comparison service of loans, insurance

GoBear prides itself for easy navigation and reasonable rates

A tech startup from Singapore which claims to be “Asia's first and only metasearch engine for insurance and banking services” is now offering Filipinos a platform to easily compare different financial products such as insurance, credit cards and loans right from their computers ...

by Entrepreneur Staff  | October 08, 2016 12:00:00
News and Events

Kick start your day, March 29: Fewer banks in PH for 2015

Plus, bidding failed for the 'most complicated' public-private partnership project in the country to date.

Fewer playersThe Bangko Sentral ng Pilipinas' (BSP) reported on March 28 that the number of big and small banks operating in the country reached 632 in 2015, less than 2014’s 648.BSP said, "This indicates the continued consolidation of banks as well as ...

by Entrepreneur Staff  | March 29, 2016 08:00:00
Startup Tips

5 easy steps to save money

Even in the face of rising expenses, a sum put away every month can take you a long way.

Have you checked your personal finance lately? Some people find it hard to save for various reasons: insufficient income, rising household and business expenses, too many credit card bills, or too little time to check available investment plans in the market.  But ...

by Henry Ong and Henry Ong  | May 22, 2015 07:00:00
News and Events

Holy Week 2015: Bank and mall schedules

As you prepare for the very long weekend, check out schedules of banking and mall operations this Holy Week.

Whether you'll go out of town or stay at home during Holy Week, make sure you have enough cash in your pockets and food stock as most banks and malls are closed to observe the Lenten Season. Listed below are their schedules. ...

by MJ Dinglasan  | April 01, 2015 10:00:00
Close