Mr Lee Posted April 30, 2009 Posted April 30, 2009 (edited) Bank deposit insurance raised to P500,000http://business.inquirer.net/money/topstor...ised-to-P500000MANILA, Philippines Edited June 1, 2009 by Mr. Lee Link to comment Share on other sites More sharing options...
chimellie Posted April 30, 2009 Posted April 30, 2009 I think HSBC and PNB are pretty safe. Link to comment Share on other sites More sharing options...
tom_shor Posted April 30, 2009 Posted April 30, 2009 Hot Diggedy. Can someone loan me P495,000. :thumbsup: Link to comment Share on other sites More sharing options...
TheMason Posted May 1, 2009 Posted May 1, 2009 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. Link to comment Share on other sites More sharing options...
tom_shor Posted May 1, 2009 Posted May 1, 2009 Maintaining balance is $500 at BOC Link to comment Share on other sites More sharing options...
Mr Lee Posted June 1, 2009 Author Posted June 1, 2009 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. Link to comment Share on other sites More sharing options...
Guardian Posted June 5, 2009 Posted June 5, 2009 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. Link to comment Share on other sites More sharing options...
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