13th Month Pay: What Will You Do With It?

13th Month Pay is 1/12th of the basic salary of an employee within a calendar year. Under PD 851, a law enacted during the time of President Ferdinand Marcos, also known as Such employees are entitled to the benefit regardless of their designation or employment status and irrespective of the method by which their wages … Read more

Philippine Banks With No Maintaining Balance

Philippine banks with no maintaining balance, are there such? I wanted to open a Philippine Bank with no maintaining balance for the purpose of saving for a rainy day. I have also a relative abroad that occasionally send me money by way of a remittance and I need a savings account for that purpose. It … Read more

How To Save On Bank Fees and Charges?

  How To Save On Bank Fees and Charges? Perhaps once in your life, you were told by your parents to be thrifty and frugal because life is hard. Most of you were told to save some money in the bank so you can have something to use in case of an emergency. You may … Read more

Mandaluyong City Investment Scam

An alleged investment company failed to give back the money it owes to its investors. The Investment company said that it is a legitimate business and it is registered in the Securities and exchange commission (SEC). The Company said that its office was robbed which was the reason it failed to give back the money … Read more