Bank Deposit Insurance Raised To P500,000

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Posted

I think HSBC and PNB are pretty safe.

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Hot Diggedy. Can someone loan me P495,000. :thumbsup: SugarwareZ-003.gif

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I bank with BDO and trust them up to the insured amount. I think as long as you are doing plain vanilla deposit or time deposit accounts the banks are safe. Its when you start getting in to the high return Legacy type accounts that you're in trouble.With this increase in insurance, I might actually open a dollar account now. I didn't do so before because the minimum balance requirement ($5k) was too close to the PDIC limit.

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Posted

Maintaining balance is $500 at BOC

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  • 1 month later...
Posted

Bank deposit insurance doubles starts todayhttp://www.philstar.com/Article.aspx?artic...bCategoryId=107The maximum deposit insurance coverage for bank deposits starting today, June 1 will be doubled from P250,000 to P500,000.

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Bank deposit insurance doubles starts todayhttp://www.philstar.com/Article.aspx?artic...bCategoryId=107The maximum deposit insurance coverage for bank deposits starting today, June 1 will be doubled from P250,000 to P500,000.
Great, now if I only had that much to deposit and if I did I would not put it in a Philippine bank.
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