Activity 4.
Banking
Products and Services
Universal Bank – LANDBANK OF THE PHILIPPINES
Overseas Filipino ATM Account
Card-based type of Savings Account intended primarily for Overseas Filipinos and their
beneficiaries. Opening amount and maintaining balance is only Php 100.00.
Issued in two forms: generic and personal. The generic card is
issued by LBP Overseas Officers and other ORG designated personnel upon application while
the personal cards are issued by LANDBANK branches with the account holder’s name
embossed in the card.
OFW Passbook Account
Passbook-based Savings Account available at LBP Branches. It can be opened by the Overseas
Filipino or his/her designated beneficiary.
Opening amount is Php 100.00 but Average Daily Balance (ADB) required is Php 5,000.00.
US Dollar Passbook Account
Passbook-based USD Savings Account available at LBP Branches. It can be opened by the
Overseas Filipino or his/her designated beneficiary.
Opening amount is USD 10.00 but Average Daily Balance (ADB) required is USD 10.00. To
earn interest, ADB required is USD 500.00. Deposit to this account is represented in US Dollars
and other currencies are not accepted.
LANDBANK Remittance Service (thru Remittance Partners)
Direct Credit to LANDBANK accounts (CA/SA)
Credit to other banks'account (through PESONet)
Cash pick-up via any LANDBANK branch
Cash pick-up via Partner Paying Agents (Palawan Pawnshop, LBC, RD Pawnshop,
Puregold, etc.)
SMS Notification
Commercial Bank – CHINABANK
Deposits
Peso Accounts E-banking
China Bank Online
China Bank TellerCards
China Bank TellerPhone
Other Services
Branch-based Services
Insurance
Stock Brokerage
Foreign Currency Accounts
Credit Cards
China Bank Credit Cards
China Bank Credit Cards FAQs
Properties for Sale
Metro Manila Real Estate
Provincial Real Estate
Vehicle
Loans
HomePlus Loans
AutoPlus Loans
Commercial Lending
Business Banking
Cash Management Services
International Banking
Trust Products and Services
Unit Investment Trust Funds (UITFs)
Wealth Management
Corporate Trust
Escrow Services
Remittance
Money Transfer
Overseas Kababayan Services
E-banking
China Bank Online
China Bank TellerCards
China Bank TellerPhone
Other Services
Branch-based Services
Insurance
Stock Brokerage
Rural Bank EAST WEST RURAL BANK
EW's principal banking products and services include deposit-taking, loan and trade
finance, treasury, trust services, credit cards, cash management, custodial services, insurance
services and leasing and finance. The Company offers the financial services to consumer and
corporate clients. On January 25, 2012, EW obtained from BSP the approval to operate as a
universal bank.
The Company's wholly-owned subsidiaries are East West Rural Bank, Inc.; East West
Insurance Brokerage, Inc.; East West Leasing and Finance Corporation; Quest Marketing and
Integrated Services, Inc.; and Assurance Solutions Insurance Agency, Inc. EW also owns 50% of
East West Ageas Life Insurance Corporation, a life insurance firm formed with Ageas Insurance
International N.V.
Cooperative Bank CITY SAVINGS BANK
Checking Account
Secure and quick access to funds anywhere and anytime. Open a checking account with
us.
Savings Account
Easy and affordable savings account. Start saving with us.
Time Deposit
Make your investments work for you. Open a high-yield deposit with us.
Deposits are insured by PDIC up to P500,000 per depositor.
Teachers' Salary Loan
Get the most out of your salary. Avail of our Teachers' Salary Loan.
Pensionado Loan
Enjoy financial security in your retirement. Available in all PERA HUB outlets.Checking
Account
Secure and quick access to funds anywhere and anytime. Open a checking account with
us.
How can an individual make use of their products and services
as means to finance a start-up business?
Banks accept deposits from depositors and then lend the
money to other people and companies. Banks play an important role in
the economy. They allow individuals and businesses to pay for goods
and services, investments and goods they cannot afford.
Let’s say for example. You are about to start-up a business
and you don’t have enough cash or money. You can borrow or take a
LOAN in a bank. There are banks that can help businesses grow, they
give less interest in your borrowed money, and even have discounts.
Another one is, when you start a business, ofcourse you need
to save money. You can open a savings account in a bank wherein you
can deposit your money. You can monitor your income too.
You can have a credit card in some banks too. When starting
a business, you should be thrifty. In a credit card, you can have
cashbacks, discounts, reward points, you can avoid fraud, and the best
quality is the insurance.
There are services in a bank wherein people get a free
seminar for those who wants to start a business. All we need to do is to
be wise in choosing your bank.
