Don't Put Your Dollars at BDO
I just wish that many foreign banks will enter the Philippine market so that our local banks will provide better services to their depositors. Consider this scenario: Friend A, who is working in London asked me to deposit $10 in his dollar account in BDO to prevent his account from getting dormant. So to BDO I went and since I have no dollars laying around, I attempted to buy from BDO, but I was refused because they only sell dollars to those who will go on a trip overseas. I did not make a fuss about that because a policy is a policy and I can see logic here. Dollars should be used wisely and sparingly so that we would have a steady supply around us. After that, I went to a money exchange who allowed me to buy $20 for P47.50 each dollar. It seems that it's the only deal I can get, so I went for it. With $20 with me, I went to BDO to deposit it to my friend's account only to find out that the said account was already dormant and he has to appear personally to a