Banking in the Philippines: A Horror Story 1
Banking in the Philippines is a horror story. It is a horror story because it would seem like you lost in the casino whenever your bank would charge you fees for their service. Talk about point blank robbery. Case #1: I admit that I would have senior moments occasionally, and at one time, I forgot my PIN totally. So in order to access my account, which i hadn't done for almost 6 months, I had to also secure another card. To secure a new card, I had to go to the bank, sign anew and wait for 5 days, of course, you guess it right, I had to pay a service fee of P150.00. Isn't that great? Now, the horror story does not end there, since I want to withdraw some funds from my account, I had to withdraw over the counter. And, why was I not surprised: To withdraw my money at the bank where I am a depositor, I had to pay another P100. Wait, there is more, which is curious to me. In this bank of mine, I would be ...
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