Dumaguete Info Search


china bank in dumaguete

Discussion in '☋ Expat Section ☋' started by jimmylew, Jul 5, 2011.

  1. jimmylew

    jimmylew DI Junior Member

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    Anyone a member of china bank in dumaguete?I have Construction Bank(Union Pay) thru my university here in Shanghai where I teach and will retire to Dumaguete next JUly,2012.I am wondering about opening an account with China bank here and puting my money into it that I have in Construction Bank so I an use the ATM there.I also know there is a Bank of China but hink it is not the same as China Bank.Anyone provide info about any of this pls email me on my private email.......jlewellen2003@yahoo.com and my name is Jimmy
    Appreciate any help.Thanks!
     
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    jimmylew

    jimmylew DI Junior Member

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    Wanted-furnished apartment to rent in Dumaguete July 2012

    I am interested in a 1 bedroom furnished apartment for rent in Dumaguete beginning July10th/1th 2012.I am on a modest soc sec budget so cant afford the higher rents that are being charged there.No foreigner mark-up places please.Just wanna pay the same that a philippino would pay.Dumaguete or Valencia is where I wanna retire.Pls contact me on my private email and my name is Jimmy in Shanghai........jlewellen2003@yahoo.com
    Also-I am a conversational English teacher with 9 years teaching experience in Korea and China all ages 8 yrs and older as well as at a university and will be interested in possibly teaching English part time there.
     
  3. dodong

    dodong DI Member

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    I had an account at China Bank here before, through my employer. No problems with it. You can find work teaching in Dumaguete, but the pay rate is pathetic. My job here pays less than 10% of what my last job in the states did. The percentage is even smaller compared to when I taught in Taiwan. Working here is just a fun way to keep busy.
     
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    jimmylew

    jimmylew DI Junior Member

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    China Bank

    DoDong-Is the bank in the middle of Dumaguete(or Valencia?) and easily accessible?Do they have full service like savings accounts,ATM and transfer service?What do they charge for withdrawals?Do they accept "Union Pay" atm cards?Will they exchange pesos to American usd in case I choose to transfer money from there to usa?Was is the limit or a savings account that I can have there?Also are they an honest bank?I would think so being china based and all the branches they have in Philippines.....Jimmy
     
  5. PangitPilot

    PangitPilot DI Forum Adept

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    I bank with several banks here and as far as I am concerned, China Bank is the best.

    Facts:

    Located in Central Dumaguete, and all over the Philippines in major cities.
    Has an Excellent On Line Offering. Highly recommend you get it, its free. see China Banking Corporation [ChinaBank] - Personal Banking
    Member of Bancnet, so you can withdraw from thousands of ATM's all over the Philippines
    Can transfer on Line to any Bancnet Bank, up to 20K per day for cost of P25.00. Transfer is Instant.
    Daily Withdrawal Limit P20K (includes any on line transfers in this amount, so total cash out per day is 20K)
    Pay a whole bunch of bills and reload PrePaid Sim Cards On Line
    You can link many different types of Accounts to your On Line Access, including $US and Euro
    You can do foreign Exchange transfers on line (very few banks offer this) up to P 500,000.00 per day. Exchange rate is sometimes better than on the street, surprisingly. I use this extensively
    They only Charge $3.00 for incoming transfers, however, watch out for your TT or Swift Charges from the sending bank.
    You can transfer to other Chinabank Accounts up to P50K per day (this is over and above the 20K daily withdrawl limit)
    Excellent IPhone App, it is actually a web app that detects the IPhone and other mobile devices. You can do most of the above on the mobile device.

    Only time I actually go to the bank is to deposit checks or pick up bank statements, both of which are rare. Do not need statements as transactions are on line anyway.

    The only negative I have experienced is that if you need a password reset, you have to order it and actually turn up to collect the envelope. Some other banks will do it via email. So , don't screw up your login, you get three goes and it will lock the access, requiring a password reset, which is a pain

    Cheers
     
  6. Rarity54f

    Rarity54f DI Forum Adept

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    My only comment about China bank here is the waiting. During peak hours, you could be sitting there a long, long time before you are served. It is a good bank, thoiugh. Regarding apartment, I know of a new bachelor's pad which I am sure does not cost much. Would you like me to inquire how much the bachelor's pad cost?
     
  7. Knowdafish

    Knowdafish DI Forum Luminary

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    What is your budget, if I may be so bold to ask? This info may help myself and others to steer you in the right direction.
     
  8. dodong

    dodong DI Member

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    It's in the middle of Dumaguete, and easily accessible. I don't think they charge for withdrawals. I don't know what services they offer. I don't know about Union Pay cards, or if they exchange pesos for dollars or if there are limits on accounts. All I've ever done there is withdraw money, in person or with the ATM card. I do my banking elsewhere, it's just the bank my employer used to pay me.
     
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    jimmylew

    jimmylew DI Junior Member

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    China Bank balance

    DoDo-I think I will just open a China bank account here in Shanghai beore I leave here next July and then transfer the money or most fo it to Dumaguete branch to use for atm withdrawals when I get there.Is there a limit on the amount I can deposit there in China Bank?Can check for me?Also what is the transfer fee to transfer money from my account here in Shanghai to Dumaguete branch?Wont be much-maybe 10-15 K deposit.Is my money safe there in philippines in their bank?
     
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