BANKING FINALS

• The rural bank is a banking institution organized and operating under the provisions of

  Republic Act No. 720
• The rural banking system was introduced in the early

   

   1950s
• BDO Network Bank (BDO NB) ESTABLISHED IN

  2004.
• RB Panabo has been servicing Davao Province since

  1967
•  took over the reins as president of Probank

  Elpidio F. Masbad
• WHO FOUNDED RBPANABO

  Founded by Dr. Luis A. Buenaventura, Jr
• in 1980 that RB Panabo saw the induction of Alex V. Buenaventura as President of the bank.
• -THIS RURAL BANK IS COMPOSED OF 5 RThe rural banking system was introduced in the early 1950s

  NETWORK RURAL BANK,INC.(NB)
• The Network Rural Banking Group was created in

   

  1998
• Chairperson/Non-Executive Director

  TERESITA T. SY
• President & Chief Executive Officer/ Executive Director

  NESTOR V. TAN
• BDONB lives by the Service Philosophy of

  “Sama-sama tayo”.
• • Regular Savings Account It has a fixed interest rate and the savings can be monitored using a passbook. For added convenience, there is also an option if you want to have a BDO Network Bank EMV Debit Card to easily access the account at any ATM or you can request that only a passbook is needed.

   

  -INITIAL DEPO 500

  -INTEREST PER ANUM 0.125%

  -ACCOUNT DORMANCY 30
• Young Perasavers - Children age 0-12 years old can open a BDO Junior Savers account and get a free BDO Junior Savers ID Card for as low as Php100.00 in initial deposit. On the other hand, kids from 7-12 years old may opt to get a BDO ATM Debit Card instead of a BDO Junior Savers ID Card.

  
  

  INITIAL-Php 50.00

  INTEREST- 0.125%

  DORMAINCY- 30
•  ATM Savings Account- it is easy to access the savings account at any time , at any ATM such as: BDO Network Bank ATM, BDO Unibank ATM, and Cash Instant Terminals.

   
• • Pinoy Savings it offers low maintenance but profitable Savings Account. At Pinoy Savings, a P100 initial deposit is very affordable to start saving.Min. Initial Deposit

  Php 100.00
• Primo Savings- it has a higher maintaining deposit. It offers free transactions and can withdraw up to P100,000 per day, at any BDO Network Bank and BDO ATM nationwide!Min. Initial Deposit

  Php 3,000.00
• KABAYAN Peso Savings Account- is a safe and secured savings or remittance account for OFWs and beneficiaries.
• cHECKING- A checking account is a type of bank account that allows you to easily deposit and withdraw money for daily transactions.
• Regular Checking Account- Checking Account gives you the convenience of disbursing funds through requesting an ATM Card to transact or access the account at any BDO Network Bank and BDO ATM with no on-us transaction fee.
• Auto Transfer Account- Disbursing funds using your Auto Transfer checking account is now secured and linked to an interest-bearing savings account.
• time deposit- Earn higher interest than a regular Peso savings account.
• 2-YEAR TIME DEPOSIT- Higher interest earnings than a regular Time Deposit, credited monthly to your designated BDONB current or savings account. It is available for individual, business & non-business entities across all branches nationwide.
• TEACHER’S LOAN- BDO Network Bank’s Teacher’s loan provides affordable financing deducted from payroll for hassle-free repayment with lower interest rates. Advantages of Teacher’s Loan:

  – Borrow from Php10,000- Loans can be made from Php10,000 to Php1,000,000
• KABAYAN Peso Savings Account- is a safe and secured savings or remittance account for OFWs and beneficiaries.