Burn Gutierrez – Page 159

What Are The Most Affordable Savings Accounts to Open for OFWs?

If an OFW wants to put up an online business or start investing in various financial instruments, he has to have a savings account for him to facilitate his transactions efficiently.

However, opening a regular savings account in the Philippines may not be too affordable for an OFW because of high required minimum maintaining balance. Remember that OFWs’ remittances to family members back home are oftentimes consumed to the last drop that leaving at least Php2,000.00 in their bank account may not be possible at all. In fact, if only a Php1.00 coin can be withdrawn from the ATM, their loved ones back home will definitely do it.

So let’s identify what are the most affordable and convenient savings accounts available in the Philippines for OFWs to take advantage of. Continue reading What Are The Most Affordable Savings Accounts to Open for OFWs?

You Can’t Complain “I Don’t Have Money”

Too many times we hear our co-workers say, “wala na ‘kong pera eh” (I don’t have cash on hand anymore.). Ironically, you hear that line usually within five days after the last payday.

If you are one of them, it’s understandable if you are sending a kid or two to school. Or when a relative is sick back home and you need to regularly send a fixed amount on a monthly basis. That applies especially if you are working overseas or outside Metro Manila.

But if you are saying that line and you don’t have savings or investment, and you are holding on to a brand new iPhone or Galaxy tab, then you do not have the right to complain.

Continue reading You Can’t Complain “I Don’t Have Money”

Are Banks and Stockbrokers (and Government) Violating the E-Commerce Law?

Browsing through the websites of banks, stockbrokers and even some government agencies, you will sometimes encounter a button that says, “Apply Online” or “Open an Account Online”.

Let’s look at some samples of what you may encounter when you decide to open an account.

Continue reading Are Banks and Stockbrokers (and Government) Violating the E-Commerce Law?