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Top Reminders in Depositing your Money in the Bank

Do you want to deposit your hard-earned money to the bank? It's better to be careful how and where to entrust your money. These useful reminders can help you in making deposits in the bank.
Top Reminders in Depositing your Money in the Bank

1.  Only banks are permitted by the law to receive deposit from the public.

2.  Transact only inside the bank and only to the bank's employees.

3.  Be careful with the banks that offer very high interest rates in their deposit or if they offer cars, free travel, etc., in order to acquire deposits.

4.  Keep your certificate of deposit (passbook, deposit slip, time deposit certificate) in a safe place.

5.  Only money that are deposited in the banks are insured with P500,000 from the Philippine Deposit Insurance Corporation.

If you have more inquiries or concerns regarding depositing your money in the banks in the Philippines, you can contact the following:

The Head
Financial Consumer Affairs Group
Supervision and Examination Sector,
BANGKO SENTRAL NG PILIPINAS
A. Mabini St., Malate, Manila 1004
Email address: consumeraffairs@bsp.gov.ph
Telephone Number: 524-7011 local 2584

The Manager
Public Assistance Department
PHILIPPINE DEPOSIT INSURANCE CORPORATION
PDIC Extension Office, 10th Floor, SSS Building
Ayala Avenue corner V.A. Rufino St. Makati City 1203
Email address: pad@pdic.gov.ph
Telephone Number: 841-4630-31
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"Top Reminders in Depositing your Money in the Bank" was written by Mary under the Banking category. It has been read 2515 times and generated 0 comments. The article was created on and updated on 30 March 2012.
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