Saturday, May 24, 2014

How MUCH?


Now that you've chosen the bank of your choice, how much will you put in your savings account?

First things first. 

Know the maintaining balance of the account you wish to have rather than the interest it will pay you. 

Maintaining balance is the amount of money required that you need to maintain on your account or else you will be charged by the bank of below maintaining fee, ouch!

Simply put it this way, everyday your account must maintain 1,000 pesos, so if you withdraw the whole amount, be sure to deposit immediately on the next banking day or suffer the consequence..

Right now, universal banks have high maintaining balance, just look for a savings account that only requires around two thousand pesos. 

You already know what bank I'm talking about don't you?

BTW, don't forget to bring 2 valid government unexpired issued IDs when visiting a bank.

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