Bangko Sentral trims small banks’ reserve requirement ratio

Credit to Author: The Manila Times| Date: Thu, 23 May 2019 10:07:55 +0000

THE central bank has trimmed small banks’ reserve requirement ratio (RRR) on Thursday, with monetary authorities ordering a total of 300-basis-points (bps) reduction on the liquidity-mopping tool. “This morning, the Monetary…READ

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Several banks announce system upgrades from Maundy Thursday to Easter Sunday

Credit to Author: The Manila Times| Date: Wed, 17 Apr 2019 07:03:37 +0000

Some of the country’s biggest banks will take advantage of the holiday break in observance of the Holy Week to upgrade their systems. This means that besides their physical branches,…READ

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BSP confirms BPI’s continued post upgrade problems

Credit to Author: The Manila Times| Date: Fri, 12 Apr 2019 02:56:29 +0000

THE Bangko Sentral ng Pilipinas (BSP) on Friday confirmed that the Bank of the Philippine Islands (BPI) was still facing post migration problems following its systems upgrade. “The BSP is…READ

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Keep personal information safe online

Credit to Author: Ivy Chiu| Date: Mon, 04 Mar 2019 04:09:46 +0000

Lots of everyday services like banking, the post office and even some medical care providers offer digital management services that can be accessed from a computer and likely a smartphone or tablet as well. Most of these digital services require you to provide personal information in order to use them which can come with risks […]

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Offer from RBC for new customers

Credit to Author: Canadian Immigrant| Date: Mon, 25 Feb 2019 18:03:24 +0000

Looking for a new bank? RBC, the title sponsor of our RBC Top 25 Canadian Immigrant Awards, is offering new customers a great incentive to open an account with the bank. When you open an all-inclusive banking account, you can get $300 cash, as well as the following advantages: You get unlimited free Interac e-Transfer transactions. You automatically […]

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How to maintain a good credit score

Credit to Author: Margaret Jetelina| Date: Tue, 22 Jan 2019 14:20:37 +0000

What newcomers need to know about credit ratings We often hear how important it is to have a good credit score. Every time we apply for credit products, such as credit cards, loans, line of credits or mortgages, a credit check will be required. It is also common for apartment rentals, utilities and mobile phone […]

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Money supply growth accelerates amid slower bank lending in November

Credit to Author: The Manila Times| Date: Tue, 08 Jan 2019 08:41:36 +0000

MONEY supply growth accelerated in November despite slower bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. Domestic liquidity or M3 expanded by 8.4 percent year-on-year to P11.250 trillion, faster than…READ

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PayPal launches international money transfer service, Xoom

Credit to Author: Canadian Immigrant| Date: Wed, 12 Dec 2018 18:36:50 +0000

Xoom is a fast and secure international money transfer service that makes sending money back home easier for Canadian immigrants Canadian immigrant families remit nearly $24 billion annually to support family and friends back home, according to the World Bank’s latest Migration and Development Brief. To meet this demand, PayPal has launched a new international money transfer […]

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