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⌛ Safest Banks in The Philippines

Discussion in '☋ Dumaguete City ☋' started by israelidancer, Oct 1, 2008.

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  1. israelidancer

    israelidancer DI Junior Member

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    With the bank failures in the USA in mind, which banks in the PR are the safest and least likely to fail?
    Thinking of retiring in Dumaguete.

    Keith and Cristy
    Concord, CA
    :eek:
     
    israelidancer, Oct 1, 2008
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  2. India-One

    India-One DI Forum Adept

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    Bank of the Philippine Islands
     
    India-One, Oct 1, 2008
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  3. john boy

    john boy DI Forum Luminary Highly Rated Poster

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    At the moment I would say the safest Bank is the River Bank! :D
    or under the mattress !!
     
    john boy, Oct 1, 2008
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  4. India-One

    India-One DI Forum Adept

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    sounds good

    makes a good alternative to the brits...:D
     
    India-One, Oct 2, 2008
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  5. Union Jack

    Union Jack DI Forum Adept

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    Risks free?

    Given that current interest rates on saving accounts are neglectable, wouldn't make sense to deposit your hard earned cash into a bank safety box?
    At least it would be safe wouldn't it? Or not? :eek:
     
    Union Jack, Oct 2, 2008
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  6. Timn8ter

    Timn8ter DI Forum Adept

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    Gold coins and a big safe sunk in concrete.

    :D
     
    Timn8ter, Oct 2, 2008
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  7. firea

    firea DI Junior Member

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    I bank with BPI (Bank of the Philippine Islands) and Banco De Oro (owner is the same with the SM Malls)
     
    firea, Oct 2, 2008
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  8. Timn8ter

    Timn8ter DI Forum Adept

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    On a more serious note;
    I think most expats put their money into government insured banks that have an international presence either with local branches or via Internet transfers. Examples may be HSBC or Regal. Then they transfer smaller amounts as needed from the international account into the local bank.
     
    Timn8ter, Oct 2, 2008
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  9. archon_manofsteel

    archon_manofsteel DI Forum Adept Blood Donor

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    Safest bank? no such thing... but is a good move to deposit savings on banks.

    Cheers! :smile:
     
    archon_manofsteel, Oct 2, 2008
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  10. jellyfish

    jellyfish DI Forum Patron

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    What seems today the safest (and of course that IS the bank you hove NOW :wink: ) bank, can be tomorrow the most unreliable and unsafe bank.
    I don't believe in ferrytales anymore :smile:
     
    jellyfish, Oct 2, 2008
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