Top Banks in the Philippines Based on Alexa Ranking
Here are the top banks in the Philippines based on their Alexa rankings as of April 4, 2011. In other words, they are the most searched banks online in the Philippines.
Best Savings Accounts for Students in the Philippines
Let’s look at the best savings accounts for students, children and teens in the Philippines.
You can choose from four types:
1. Cash Card or Debit Card — The key advantage of this card is No Maintaining Balance.
Walang maintaining balance kasi hindi regular deposit account ang cash card. Merong info about this below.
2. Savings Account with the Lowest Maintaining Balance
You can choose one from among the accounts offered by banks in this list of low-maintaining-balance savings accounts in the Philippines.
3. Savings Account Designed for Kids — The advantages of this account are the promos attached to this account.
Go to this post to check out savings accounts for kids, offered by Philippine banks.
4. Visa or Mastercard Debit Card — This type is just like any cash card, but it offers more features, particularly Internet use. Currently, the most popular in the Philippines is the Union Bank Eon card. Will write about this card type soon.
In the meantime, let’s focus on CASH CARDS.
The advantages of Cash Cards are:
- No maintaining balance
- Free ATM withdrawal, free ATM deposit, free ATM balance inquiry, and free over-the-counter deposit (for most, but not all)
- You can attach it to your Internet banking account, so you can transfer money to it online (for many, but not all)
- No annual fee (for most, but not all)
- No expiration date (for most, but not all)
- You can enroll in phone banking (for many, but not all)
Important notes to remember about Cash Cards:
- You withdraw through the ATM only; you CANNOT withdraw over the counter (for most banks, but not all).
- Reload or deposit to your cash card over the counter (for others, you can deposit through the ATM, or make ATM or online transfer).
- A cash card is NOT a regular bank account, so it’s NOT insured by the PDIC. Cash cards are debit cards and are just like prepaid cards.
- A cash card does NOT earn interest.
- As you already know, you pay a fee if you withdraw thru the ATMs of other banks.
Here are some of the Cash Cards in the Philippines:
BDO Cash Card
This cash card has two types for individuals:
Pre-Embossed: Hindi nakalagay ang pangalan mo sa card. Makukuha mo agad ang card when you apply. The maximum balance limit is 10,000 pesos.
Embossed: Ilalagay ang name mo sa card. Wait for 3 to 5 days, then you go back to BDO to claim the card. The maximum balance limit is 25,000 pesos.
- Withdrawal is through ATM only. Free, but there’s a limit of 5 withdrawals per day.
- To get this card, go to a BDO branch and apply with your ID. You pay about 150 pesos for the card (amount might have changed).
- Minimum reload or deposit is 100 pesos. No deposit charge, it’s free.
- To deposit, you go to BDO and fill up the Card Sale/Reload Slip.
- You can attach this to your BDO Internet banking account and transfer money to it. The same for phone and mobile banking.
- You can also deposit through the ATM.
- You can use it to pay your bills through the ATM, Internet, phone and mobile banking.
- There’s a dormancy charge: you must do at least one transaction every 6 months (for Pre-Embossed) and every 12 months (for Embossed)
- You cannot use this for telephone or mail orders.
LANDBANK Cash Card
- No opening deposit
- No maintaining balance
- No dormancy period
- Withdrawal up to 50,000 pesos per day
- Can be used for remittance
- Maximum balance is 100,000 pesos
- To get this cash card, just apply with your ID. Pay 100 pesos for the card.
- Reactivate the card after three years. Pay 50 pesos.
- You can request for a bank statement.
BPI Express Cash Card
- No maintaining balance
- ATM withdrawal fee is 15 pesos per withdrawal
- Withdraw only through the ATM.
- Valid for 2 years, renewable, but if you’re late in renewing, check charges before you renew.
- You can get this card at any BPI or BPI Family branch, or any BPI Express Banking Center with your ID. Pay about 150 pesos.
- You can track your last five transactions thru the ATM.
- Minimum ATM withdrawal is 500 pesos.
- Valid for use only in the Philippines.
- You can attach this to your Internet, phone, or mobile banking account, or you can enroll it as your main account.
- Maximum withdrawal per day is 10,000 pesos.
RCBC MyWallet Cash Card
RCBC offers 4 MyWallet cash cards
1. RCBC MyWallet
2. Mercury Drug-MyWallet Card: Collect rewards points from your purchases from Mercury Drug Store.
3. RCBC MyWallet Visa
4. RCBC MyWallet MRT: Pay your MRT fares at chosen stations (Check MRT first)
- You can buy any of these at RCBC or at RCBC Savings Bank.
- Free ATM withdrawal, free ATM balance inquiry (RCBC and RCBC Savings ATMs)
- Pay 10 pesos to reload or deposit over the counter.
- Pay 10 pesos to transfer money from an RCBC account to MyWallet over the counter.
- You pay 50 pesos if you withdraw over the counter.
- Pay 10 pesos to transfer money from an RCBC or RCBC Savings account to MyWallet thru the ATM.
- Maximum balance is 100,000 pesos.
- No maintaining balance
ALLIED BANK ABC Cash Card
- No expiration date
- No renewal fee
- No maintaining balance
- Maximum balance is 100,000 pesos
- Accept remittance from OFWs
- Get your cash card for 100 pesos. You can get it for free if you load your card immediately with 500 pesos.
Security Bank SB Cash Card
- No initial amount to open
- No maintaining balance
- No annual fee
- No card expiration
- You can enroll in Internet, phone, and mobile banking
MAYBANK Cash Cards
1. My CashCard
- No initial deposit
- No maintaining balance
- No charge for first two interbank withdrawal
2. Money2U ATM Cash Card
- No initial deposit
- No maintaining malance
- Accept money from abroad
- No charge for first two interbank withdrawal
Related Articles:
Savings Accounts in the Philippines with the Lowest Maintaining Balances
BPI and BDO Internet Banking — Free and Quick Ways to Send Your Children’s Allowance
Ofws Parents Take Advantage of Free Internet Banking to Manage Your Childrens Weekly Allowance
Tuition Fees at FEU and Some Other Universities in Manila, Philippines
BPI, BDO, or Metrobank Fees — Why Keep Paying Them?
Savings Accounts in the Philippines with the Lowest Maintaining Balances
Here are the best savings accounts in the Philippines if our basis is low maintaining balance.
Landbank, BPI Bank Promos in 2011 — Win Cash, iPhone, iPad or Car
If you’ve been considering opening accounts in these banks, Landbank and BPI, you might as well open an account with them now or increase your transactions with them because you might win cash, an iPad, iPhone or a car.
Veteran Dubai OFWs, Have You Tried to Send Money to Dubai from the Philippines?
To veteran OFWs in Dubai who have tried to send money to Dubai from the
Low Interest Personal Loans in the Philippines
There are low interest personal loans in the Philippines. I decided to write something
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks
Here are the top 27 savings banks or thrift banks in the Philippines, based on number
List of Banks in the Philippines — Universal Banks, Commercial Banks
These are the 38 universal and commercial banks in the Philippines, ranked according to number of offices, based on data from the Bangko Sentral ng Pilipinas (BSP) or Central Bank of the Philippines.
Universal banks are bigger in scope than commercial banks. They are authorized to do all what commercial banks are authorized to do, in addition to all banking activities which investment banks are authorized to do.
Included are their telephone numbers and number of offices or full-service branches.
UNIVERSAL BANKS:
1. Banco de Oro Unibank, Inc.
636-6060, 633-9842, 702-6001, 702-6000, 702-6242
746 offices
2. Bank of the Philippine Islands
89-100 — 671 offices
3. Metropolitan Bank & Trust Company
898-8000, 812-4341 — 576 offices
4. Land Bank of the Philippines
522-0000 local 7388, 551-2200, 405-7388, 405-7649
338 offices
5. Philippine National Bank
891-6258, 551-2950 — 338 offices
6. Allied Banking Corporation
816-3311 to 99, 818-7961, 816-6891 — 287 offices
7. China Banking Corporation
841-1101, 885-5555, 885-5402 — 243 offices
8. Rizal Commercial Banking Corporation
894-9000, 894-9995 — 227 offices
9. Union Bank of the Philippines
813-5715, 892-0011, 893-8613, 813-5715
180 offices
10. United Coconut Planters Bank
811-9000, 841-0740 — 178 offices
11. Security Bank Corporation
818-7677, 867-6733, 818-6788, 867-6788, 885-7065
125 offices
12. Development Bank of the Philippines
818-9511 to 20 loc 3801 to 3802, 893-8958
78 offices
13. Philippine Trust Company
524-9061 — 50 offices
14. Al-Amanah Islamic Investment Bank of the Philippines
816-4258 to 62, 816-4267, 893-4350
9 offices
15. Hongkong and Shanghai Banking Corporation
581-7700 — 8 offices
16. Standard Chartered Bank
886-7888, 878-2855 — 6 offices
17. ANZ Banking Group Ltd.
841-7777 — 1 office
18. Deutsche Bank AG
894-6888, 894-6900 — 1 office
19. Internationale Nederlanden Groep Bank N.V. – Manila Branch
840-8888, 840-8881, 479-8888, 479-8881, 479-8888
1 office
20. Mizuho Corporate Bank, Ltd. – Manila Branch
848-0001 to 10, 860-3558, 860-3500, 860-3556
1 office
COMMERCIAL BANKS:
1. Bank of Commerce
810-0672, 812-0000, 817-4906, 817-4905
117 offices
2. East West Banking Corporation
830-8999, 816-0603, 815-0233, 816-0609
94 offices
3. Philippine Bank of Communications
830-7288, 830-7000, 893-3448
64 offices
4. Philippine Veterans Bank
902-1700, 902-1708, 894-3919, 894-3919, 751-5000
60 offices
5. Asia United Bank Corporation
636-6107, 636-6888, 631-3333
53 offices
6. Export and Industry Bank, Inc.
878-0818, 878-0397, 878-0000, 878-9000, 887-9940, 878-9100
50 offices
Closed on April 26, 2012 by the Bangko Sentral ng Pilipinas
Taken over by the PDIC on April 27, 2012
First commercial bank to fail since the year 2000 when Urban Bank failed. It acquired failed Urban Bank in 2001
7. Maybank Philippines, Inc.
521-0096, 523-7777 — 50 offices
8. Chinatrust (Phils.) Commercial Bank Corporation
811-8503, 848-5519, 811-8501
24 offices
9. BDO Private Bank, Inc.
848-6300, 848-6555 — 6 offices
10. Citibank, N.A.
894-7700, 894-9120, 894-6888
6 offices
11. Bangkok Bank Public Co. Ltd.
752-0879 — 1 office
12. Bank of America, N.A.
815-5600, 815-5000, 815-5800, 815-2217
1 office
13. Bank of China Limited-Manila Branch
885-0111 — 1 office
14. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
886-7401, 886-7371 loc 110
1 office
15. JP Morgan Chase Bank, N.A.
878-1101, 885-7700 — 1 office
16. Korea Exchange Bank
848-1775, 848-1988, 814-2178
1 office
17. Mega International Commercial Bank Co., Ltd.
811-5807 to 14 loc. 10, 818-5807 to 13
1 office
18. Robinsons Bank Corp.
884-3900, 884-3988, 884-2000, 884-3746
1 office
Note: We moved Deutsche Bank from commercial to universal Oct 15, 2011 upon seeing change on BSP list.
Related articles:
Top 10 Banks in the Philippines based on Assets, Deposits and Capital
BPI, BDO, or Metrobank Fees — Why Keep Paying Them?
Top 27 Savings Banks in the Philippines — or Top 27 Thrift Banks
Cheapest Checking Account in the Philippines
BPI and BDO Internet Banking — Free and Quick Ways to Send Your Children’s Allowance
Top Banks in the Philippines Based on Alexa Ranking
BPI, BDO, or Metrobank Fees — Why Keep Paying Them?
BDO Fees, BPI Fees, Metrobank Fees, Bank Fees in the Philippines
Bank fees of 10 pesos, 2 pesos, 1.50 pesos, 150 pesos — they add up.
Let’s avoid them.
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