The BPI / Globe BankO, the first Microfinance Banking Account for Filipinos

For many Filipinos who hesitate to input or see banks, BPI and Globe produced a bank account that matches them. It had been called Banko from the ventures of Globe along with the Bank of Philippine Islands. BanKO is the very first to offer banking services via associate outlets. All these are pawnshops, drugstores, grocery shops, internet cafes, stores, gas stations, and such, chosen, trained, and licensed to take BanKO account software. Also, to execute CASH-IN (convert physiological cash to digital worth credited to the client's accounts ) and CASH-OUT (alter digital price debited from the client's budget into physical currency acts ). Clients can transact in some of those 1,500 BanKO companion outlets nationally. BanKO account holders have simple access to additional services via their cellular phones. They can quickly check account balance, send money and purchase load (prepaid airtime), and cover accounts by simply obtaining the BanKO menu onto the cell phone. BanKO trades don't consume airtime and may be accomplished even if account holders don't possess prepaid airtime load. The BanKO savings accounts are intended to cater to the demands of the unbanked. This account doesn't need clients to keep a minimum balance; they can save as small as P50 at one moment. BanKO clients can cash in and cash out capital from their accounts through 1,400 BanKO spouse outlets nationally. All BanKO account holders can also be supplied using an ATM card that could be used to draw money from any ATM nationally. Every ATM withdrawal has a minimum service charge of P20 (for each P4,000 withdrawal). Additional advantages are given to depositors who save. Deposit balances and a P2,000 average daily balance may get a 3% interest rate per annum or 1% interest per annum PLUS free life insurance policy up to five times the magnitude of their average daily balance (around P200,000 maximum approach).

To start a bank account, go to any BanKO Partner Outlet together with the following prerequisites:

1. Globe or TM SIM card
2. P100 (P50 for your ATM card and P50 for your first deposit)
3. Photocopy of 1 legitimate ID or barangay certification with a photograph

BanKO charges a minimum service charge to get cash-in and cash-out trades, as follows:

Much information concerning this account came from your official BPI / Globe Banko site: http://www.banko.com.ph/home. To obtain one, visit their site and learn more. I'll be posting it quite soon.

How to Win your BPI / Globe Banko Account...

1). Pay a visit to any Globe Banko partner shops with the Globe Banko posters exhibited in their institutions. A number of those BPI / Globe Banko partners are everywhere, Generika-Drugstore, Tambunting Pawnshop, and several other retail partners nationally. Visit their sites for complete listings of those retail partners www.banko.com.ph 2). Present upon going to the retail outlets and branches; some Valid ID. Any authorities IDs will perform, such as BIR, Voter's ID, SSS I.D., Philhealth, GSIS, Drivers License, NBI-clearance, and some other Authorities issued ID or your firm ID. If non of the IDs can be found, make a Barangay Clearance; it can do. Do not neglect to deliver P100 Pesos to the initial deposit of P50 and the processing fee of P50 in a total of just P100 pesos. They also ask that you possess a Globe Sim naturally, as you'll need them to get your accounts. The Globe Banko is your very first Mobile-Banking-Account, so all of your trades can be made via your cellular phone. Thus don't forget to make your Globe cellular telephone. And just like every other money, deliver a 1x1 most recent colored photograph of you, then it will be required to your program form. 3). The Globe Banko representative can provide you a form to fill up, request your cellular amount, and obviously for your immediate loading and processing charge of P100 pesos. After filling out the form, they will configure your own Globe cell phone to trigger your Globe Banko accounts. Your account will be clearly connected to your cellular phone, which you'll need for the trades. 4). Once you submit your form and image, compensate the number above, after which they have completed configuring your cellular telephone for your accounts. The agent will provide you with your ATM Kit that includes your BankO ATM-Card along with a few documentation or leaflets so you will understand how to transact with your Globe Banko accounts. Incidentally, your ATM kit does not include your PIN-Slip as your ATM pin can also be your MPIN, the PIN you will use on your cellular phone. Do not worry; the agent will lead you on the way you can get your MPIN.