One-Day Check Clearing for Local or Regional Checks. Will it happen soon? Will cheques soon clear on the same day it is presented to the bank? It is expected, the BSP announced on its website. It announced that electronic check clearing will start on January 1, 2017. This means that checks will no longer be […]
Category: Checking Accounts
22 Tips for New Checking Account Owners
Here are 22 of the most helpful tips for first-time owners of checking accounts: 1. Avoid issuing your check to CASH. Anyone can encash it. If lost or misplaced, any person who finds your check can encash it. 2. When writing your payee’s name and check amount, always start writing: […]
Rural Banks That Offer Checking Accounts
If the bigger banks denied your application to open a checking account with them, try opening a checking account with one of these rural banks that offer checking accounts or demand deposits. Bring: – at least 2 valid photo IDs – initial deposit (maintaining balance amount) […]
Savings Banks That Offer Checking Accounts
Savings Banks with Checking Accounts Many banks require you to maintain a savings account with them for at least 6 months before you can apply for a checking account. Or they require a referral from a loyal client or bank officer. This is because checking accounts entail responsibilities such as: . Funding your checking account […]
When a Checking Account Becomes a Test of Friendship or Kinship
What do you when your close friend or relative asks you to lend him or her a check? Before we can answer this checking account-related question, there are at least three meanings of this request: Friend A: Makikigamit lang ng tseke (yong papel). Popondohan niya yong checking account, ibibigay sa iyo yong deposit slip showing nakadeposit na siya, […]