UPDATED on November 17, 2018: Land Bank’s mobile banking app can now transfer funds to BPI and BDO.
Online banking is convenient, practical and, if you ask me, is right up there with running water when it comes to mankind’s greatest innovations. However, because it is so convenient and still some sort of a novelty, it’s easy for evildoers to use online banking to prey on innocent people who are not familiar with how this technology works.
Hands-down the most popular post in my blog is my tutorial on how to transfer funds to other banks using the Land Bank Mobile Banking app. I’m used to people reaching out to me privately because of the blogposts that I’ve written, specially those on my husband’s angioplasty or on Manila Bankers Life, and I’m always happy to help and share what I know.
However, a few weeks ago, I received a strange message regarding Land Bank’s mobile banking app. The guy asked if the Land Bank mobile banking app could really transfer funds to his BDO account. The quick and easy answer there is “No” because BDO is not one of the destination banks listed in the app.
Philippine Investment Funds Association, the association of mutual fund companies in the country, is holding a half-day conference on November 24 (Saturday) at SM Aura:
Dubbed “RISING WITH THE CURRENT OF ECONOMIC GROWTH THROUGH INVESTING”, the conference aims to offer a diversified view of where your investment journey may go. Learn the pros and cons Digital versus Traditional Entrepreneurship as well as Investing in Mutual Funds versus Property and Real Estate.
Check out the program agenda after the jump.
After several weeks of not opening this blog, I was surprised to find this comment from Manila Bankers Life Insurance (Manila Bankers). I have already published the comment but since it has been buried under the dozens of comments in my first Manila Bankers post, I have decided to publish it in a separate post for everyone’s information. My reply and thoughts will follow after Manila Bankers’ comment.
If you’re earning a salary then you will directly benefit from the Tax Reform for Acceleration and Inclusion, or TRAIN, because it lowers the personal income tax, among its other features. Check out this calculator from ABS-CBN to get an estimate on how much you’ll be saving on income taxes every month. The Department of Finance also has its own income tax calculator but it’s currently under repair. I do hope that the DOF version becomes functional very soon since it should be interesting to compare the results between the two calculators.
There was a time I had about 3 months worth of expenses in my savings account, I was steadily buying stocks, and would go on regular trips, both local and abroad, with my family and friends.
I recently reminisced about those happy, flush days while I filled out another stock withdrawal form and I couldn’t help but ask: “How did it all go downhill? Where did I go wrong?”
And the answer was simple, I tried to do too much too soon.
If I had only seen this financial needs pyramid from Boomer & Echo 2-3 years ago, I bet I would have been smarter with my financial decisions. Or so I tell myself 🙂