Two Planholders of Danvil Plans Who Have Already Collected Their Maturity Benefits
These are comments from two planholders of Danvil Plans who have already filed their claims, got their checks and have encashed them.
From planholder Hill:
February 16
Planholder din ako ng Danvil Plans and in fact magma-mature na ang plan ko this March 2009. One last payment na lang sa March 1 ang kulang.
February 21
Originally, 5 years to pay and 10 years after ang maturity yung plan ko pero I had it changed to 10 years to pay. Kaya, March 1, 2009 ang last payment at sa March 25, 2009 naman yung maturity date nung plan ko. Kaya nga inaayos ko na ang mga requirements.
OFWs, Parents, Take Advantage of Free Internet Banking to Manage Your Children’s Weekly Allowance
Updated June 22, 2011
If you’re a parent whose high-school or college-age kid is living in a dorm or studying in another city or an OFW who likes to control your child’s weekly allowance, take advantage of free Internet banking services offered by local banks.
Most large banks now in the Philippines offer free Internet banking, and they offer lots of services that prompts you to say Wow.
However, in this article, I would describe only two, BPI Express Online and My BDO Internet Banking, because they’re the ones I use.
BDO Kabayan Savings, BDO Remit Cash Card for OFWs
Updated June 22, 2011
BDO Kabayan Savings for OFWs
This is a special savings account for OFWs and their families in the Philippines.
You can open an account here in the Philippines, or abroad if you work near BDO partner remittance firms chosen to issue this account.
- Can be in pesos or in U.S. dollars
- Initial deposit of 100 pesos for a peso account or $100 for a dollar account. (Update as of November 2010: was changed to 50 pesos. On brochure seen on June 2011: 50 pesos)
- No maintaining balance as long as you make at least 6 remittances a year. (Update as of November 2010: was reduced to ONE remittance a year )
- You will receive a Passbook and a Mastercard ATM Debit Card.
- Additional update for seafarers: You can open a BDO Kabayan Shipping dollar savings account with passbook for only US$10. Show one valid ID and your valid seaman’s book.
- With your Kabayan savings account, you can arrange with BDO for the payment of your home loans and insurance premiums through BDO’s Auto-Debit Arrangement (ADA).
Check here BDO correspondent banks.
Check also this blogpost: What happens if your BDO Kabayan account DOES NOT receive at least one remittance in a year?
BDO Remit Cash Card for OFWs
This card is similar to the regular BDO Cash Card,
but you can get this card abroad — in selected BDO accredited remittance
services. There are thousands of BDO Remit offices, partners and agents worldwide, particularly in countries where there are a lot of OFWs.
This also has a higher load balance and deposit limit, compared to the regular BDO cash card. While the regular cash card is limited to 10,000 pesos, BDO Remit Cash Card can be loaded with up to 100,000 pesos.
You can send money directly to this BDO Remit Cash Card account.
Your and your beneficiary can also check the status of your remittance through the BDO Remit Status Inquiry on the BDO website.
Related Articles:
OFW Parents: Take Advantage of Free Internet Banking to Manage Your Childrens Weekly Allowance
BPI and BDO Internet Banking — Free and Quick Ways to Send Your Children’s Allowance
Savings Accounts for OFW Remittances
Savings Accounts in the Philippines with the Lowest Maintaining Balances
Cash Cards for OFW Remittances to the Philippines
List of Banks in the Philippines — Universal Banks, Commercial Banks
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks
OFWs Can Send Money to the Philippines Thru BDO Remit
So Sad About Permaplans or Permanent Plans
I’m not a Permaplans planholder, but I’m so sad about what’s happening with Permaplans or Permanent Plans, especially with the pre-need firm’s interaction with the SEC.
Again, it’s the planholders who are suffering.
Back in April, Permaplans’ president Juan Miguel Vazquez said his firm isn’t considering going to court for rehabilitation because court rehab takes time and delays payments to planholders.
But now the firm has filed for rehab, which according to Justice Secretary Raul Gonzalez is not the best option for planholders. He mentioned this while commenting on the Legacy case.
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