Road trip this long weekend? Here are some tips to keep it hassle-free

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With the long weekend coming up, many Filipinos are gearing up for a well-deserved break. Road trips are a popular choice during this time, especially to beach destinations as summer approaches.

Here are some tips to ensure your road trip is smooth sailing:

1. Plan your route.

Long weekends may involve road closures, maintenance, or construction, so it’s best to check the news for updates. Navigation apps will prove helpful during this time. The holiday rush may also affect traffic, so beat other travelers by leaving earlier, if possible.

 

2. Check your car.

A vehicle in top condition will be your best friend during a long journey. Ensure your tires are aligned and balanced, car fluids and battery are secure, and lights and turn signals work. Inspect your car before the trip to ensure everyone’s safety.

 

3. Pack essentials.

Long drives call for ample snacks to keep hunger at bay and a steady water supply to prevent dehydration. Bring essential medications and a first aid kit for any untoward incidents.

 

4. Go cashless.

Long lines at ATMs during holidays are inevitable. Embrace hassle-free travel by going cashless. Opt to pay through bank transfers, QR codes and the like.

5. Use Easytrip and Autosweep RFIDs.

Streamline your tollway transactions with RFID payments. By eliminating the need for cash transactions, drivers can breeze through tollways, avoiding long lines and unnecessary delays.

For a stress-free road trip this long weekend, effortlessly set up a PSBank account by simply downloading their mobile app. Enjoy cashless transactions through QR codes, and instantly reload your Easytrip and Autosweep RFIDs with PSBank.

For more information on PSBank’s products and services, visit psbank.com.ph or facebook.com/psbankofficial.

PSBank Extends its Payment Grace Period for All Loan Clients

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Manila, PH (April, 2020) – With the extension of the Enhanced Community Quarantine from April 13 to 30, 2020 and in compliance with the ‘Bayanihan To Heal As One’ Act, Philippine Savings Bank continues to provide valuable assistance to all of its loan customers during these challenging times.

Loan payments for all types of loans with due dates falling within the new ECQ dates will further get a 30-day grace period. This adds to the loan payment moratorium that the country’s maaasahan bank granted the previous month, for loan dues beginning March 15, 2020.

For more information, visit the PSBank website or facebook.com/psbankofficial or refer to the Frequently Asked Questions below: 

1. Who are / Am I qualified for the grace period on amortizations due for payment?

All loan clients/ accounts are qualified.

2. What type of loan products are covered by this grace period?

All types of loans – Home, Auto, Flexi & Multi-Purpose Personal Loans, SME, Corporate, Deposit-Collateral

3. What are the inclusive due dates covered by the 30-day grace period on amortizations due for payment?

With the extension of the ECQ to April 13 to 30, 2020, loan payments for all types of loans with due dates falling within the new ECQ dates will further get a 30-day grace period. The same loan payment moratorium was granted earlier to loan dues beginning March 15, 2020.

Any payment due falling in the covered dates may not be paid. Payment of your loan/s will continue after the end of ECQ. Your loan maturity date will be moved further by 1 or 2 months depending on the number of amortizations which were granted a grace period for payment.

For Flexi / Multi-Purpose Personal Loans, those included are accounts whose statement cut-off dates fall between March 15 and April 30, 2020.

To illustrate --

For Auto, Home, SME, Corporate and DCL:

    Original Payment due date: March 17, 2020

    Adjusted/New due date: May 17, 2020

    Original Payment due date: April 12, 2020

    Adjusted/New due date: May 12, 2020

For Flexi/Personal Loan:

    Original SOA cut-off date: March 15, 2020

    Adjusted/New SOA cut-off date: May 15, 2020

    Original SOA cut-off date: April 10, 2020

    Adjusted/New SOA cut-off date: May 10, 2020

4. Does this mean that I have to double my amortization on my next due date (after extended ECQ ending April 30,2020)?

No. You will NOT PAY DOUBLE on succeeding due dates after the covered period. “HINDI ka namin sisingilin ng DOBLE ng regular na amortization mo matapos ang April 30 kung kailan inaasahan naming muling maguumpisa ang pagbayad ng loan (pagkatapos ng ECQ).”

Your loan maturity date will be moved further by 1 or 2 months depending on the number of amortizations which were granted a grace period for payment.

Example:

Due Date: every 16th of the Month

No. of payments covered by the grace period: 2 ( March 16 & April 16)

Current/Original Maturity Date: April 1, 2021

New Maturity Date: June 1, 2021*

*You may need to submit another check or adjust your auto debit arrangement to cover for the May & June 1, 2021 due dates.

You may do advance payment should you wish to shorten the entire loan term.

5. Is this only applicable for Metro Manila booked accounts?

No. The grace period will cover all loan accounts booked NATIONWIDE.

6. Do I need to sign anything? Any loan amendment document?

No need to sign any documents. Adjustment will be made in our system. No need to sign any amendment documents.

7. What will happen to my post-dated check for my present due date/s ( within the covered period)? Will you hold the check?

Yes, we will automatically hold the post-dated check if your due date falls within the covered dates of the grace period. There is no need for you to request for deferment of check. You may need to issue another check/s to cover for the month/s as a result of the adjusted maturity date of the loan.

8. My loan will mature within the year. Do I still need to submit another check?

Yes, if your remaining loan term is 6 months and up.

For those with remaining term of less than 6 months, the Bank has the option to apply your held check to your adjusted last due date provided the check is not yet stale. You will receive an SMS notification on this.

9. My mode of payment is via Auto-Debit Arrangement. Will you still debit my deposit account on my due date?

We will automatically hold the debiting of loan payment within the covered period.

Debiting of loan due will resume on your next due date after the covered period for grace period ending April 30, 2020.

PAYMENT OF YOUR LOAN/S WILL CONTINUE AFTER THE END OF ECQ.

10. What if I want to be excluded from the grace period? I have funds now to pay for my loan due.

For over-the-counter (OTC) payments, you may visit any branch to pay for your loan due. You also have the option to pay online, thru the PSBank Mobile app, or via ATM.

For those whose mode of payment is via Automatic Debit Arrangement (ADA) or Post-dated Check (PDC), you may call our CX Hotline (02) 8845-8888 or email us at customerexperience@psbank.com.ph to request for manual debit or posting of your check payment.

11. What if I already paid for my loan last March 15-17 (before the announcement), can I request for a refund?

Your payment has been posted to your loan account. For now, there will be no refund.

12. Can I request for more than the grace period given?

No. For now, we will follow the rules on the granting of grace period for loan payments falling due during ECQ. Note that when payments on the loan resume after April 30, 2020, you will not be paying double your regular amortization in any month. Your maturity date will only be further extended accordingly.

Note: If you are qualified for the grace period assistance and the corresponding adjustment was not applied to your loan, please call us at our 24/7 CX Hotline (02) 8845-8888. We would be glad to process the adjustment. Thank you!

Contact us:

24/7 Customer Experience Hotline: (02) 8845 – 8888

Email: customerexperience@psbank.com.ph

PSBank Live Chat: www.psbank.com.ph

ISSA Chatbot: Facebook.com/psbankofficial

Embrace New Beginnings Partner with PSBank this 2020

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The New Year is undoubtedly one of the most exciting times of the season. This is the period when people, young and old alike, take the chance to remember the events of the year that has passed and look forward to the many opportunities that are in store for them.

As families and individuals enter a new decade, goals are created, revived, and are actively set in place. PSBank, as everyone’s “simpleng maaasahan bank” recognizes these aspirations in the lives of its customers—and purposefully presents solutions that allow it to be a reliable, consistent partner in the achievement of these important plans.

With its wide, innovative, and secure range of banking services and products, PSBank ensures that excuses fly out of the window—surely, there is no better time to seize the moment and take the chance to live life to the fullest.

Check out these PSBank offerings today, and see how you can make 2020 your best year ever:

PSBank ATM Savings – Grow your money and have the benefit of earning a fixed interest rate with a bank you can trust, as you work towards accomplishing your goals. Have the privilege of accessing your account anytime of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide.

PSBank Cardless Withdrawal – Forgot your ATM? PSBank assures you that you don’t have to worry about it, ever. With just a few taps on your smartphone, you’ll able to safely withdraw your hard-earned cash from over 599 ATMs nationwide. That’s peace of mind—right in the palm of your hand.

PSBank Mobile Check Deposit – New year, new way of depositing checks. No longer do you have to physically go to a bank to get them cleared. Now all you have to do is take a photo through PSBank’s Mobile App, and you’re all set.

PSBank PaSend – Sending cash is no longer a chore with this remittance service. For a very minimal transaction fee, you can easily send money to family, friends, and partners, anytime and anywhere—even to those who don’t have an account with the Bank. The funds you send may be withdrawn 24/7 at any PSBank or Metrobank ATM.

PSBank Time Deposit – Be more as you do more with your money. With PSBank’s Time Deposit offering, not only do you enjoy a low initial deposit amount, but you also gain profit in as fast as 30 days. Talk to PSBank and we’ll help you understand and manage your account as our firm commitment.

PSBank Auto Loan– Have you been eyeing a new car for your family or for yourself? PSBank has got you completely covered. Offering competitive interest rates and a fast approval time, the Bank will surely make possible the deal you’ve been craving for. Enjoy the bank’s Prime Rebate feature when you avail its Auto Loan which lets you earn discounts on your loan when you make advance or excess payments on your monthly due.

PSBank Home Loan – Experience the family lifestyle you’ve been working so hard for this coming year through PSBank’s Home Loan. Enjoy loan approval in as fast as 24 hours, with convenient terms, and even better rewards. Benefit from Bank’s Prime Rebate feature—making the process of purchasing your new house even more fulfilling.

PSBank Personal Loan – This 2020, have the funds that will enable you to realize your travel and other life goals. PSBank’s Flexi Personal Loan, which also comes with Prime Rebate, is a collateral-free personal loan product with a revolving credit line and a fixed-term loan. The product comes with an ATM card, allowing you access to day and night banking from PSBank ATMs nationwide.

PSBank Money Market Fund – Create new possibilities in the coming decade: instead of being just a depositor, be an investor! With PSBank’s Money Market Fund, the Bank’s first Unit Investment Trust Fund (UITF), you can have a team of experts closely manage your investment for a minimum of PhP 10K. These partners will choose from different low-risk financial instruments to optimize your returns, giving you an affordable liquid investment option. Now is the time to invest in your future!

PSBank’s Senior Vice President and Marketing Group Head Emannuel A. Tuazon says:

“Celebrate new beginnings this year with the Bank that journeys with you everyday, a trusted and reliable group that puts your best interests at the heart of everything it does. With PSBank’s full suite of future-ready offerings, you can now confidently seize opportunities and make this new year, this new decade, a time of turning your big dreams into reality. We invite you to check out our products and services today!”

About PSBank

Philippine Savings Bank (PSBank) is an industry trailblazer in innovative and future-ready banking, and is the country's consumer and retail bank of choice for almost 60 years. Its primary objective of delivering quality customer service, simplified processes, quick credit decisions, and consumer-focused products are underscored by a clear promise: Simple Lang, Maaasahan.

It is the retail banking arm and a subsidiary of the Metropolitan Bank and Trust Company. To date, PSBank's nationwide network has already reached 250 branches and over 559 in-branch and offsite ATMs - ready to serve its ever-growing client base.

This 2020, Save Up to Level Up with PSBank

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Each new year comes with the promise of a better future for many individuals and families. To most, it is the opportune time to achieve new goals, to upgrade standards of living, and to seize new, exciting opportunities.

PSBank, everyone’s “simpleng maaasahan” bank recognizes the importance of this period, marked by resolutions and commitments—and invites all to make a firm, positive decision to progress in the attainment of their aspirations, through the act of purposefully saving moneyThe Bank believes that this allows one to level up, to grab what the new year and the new decade has to offer to those who actively prepare for it.

Look through these exciting ways on how you can grow your funds surely and securely this 2020 through PSBank’s Savings Account offerings:

PSBank ATM Savings – Commit to have an Average Daily Balance of PhP5,000, and have the benefit of earning a fixed interest rate as you further save. Access your account securely any time of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide. You can also avail hassle-free settlements of your utility and credit card bills, and experience the convenience of cashless shopping through BancNet’s electronic payment facility.

PSBank Regular Passbook Savings – Whether you’re saving up for an investment, a special life event, or an emergency fund, you can be assured that PSBank will make it easy for you. Having a Regular Passbook Savings Account gives you the benefit of also earning a fixed interest rate, and provides you a convenient way to monitor all your transactions.

PSBank Passbook with ATM – Maintaining a Passbook with ATM account with PSBank offers more than convenience and fixed interest rates. It also comes with a PSBank Debit Mastercard that allows you to safely access your funds, whether you are in the country or abroad.

PSBank Kiddie and Teen Savers – For those with children, starting kids early on the habit of saving will impart a discipline that will carry them throughout life. PSBank’s Kiddie and Teen Savers accounts are accompanied by free personal accident insurance from the Charter Ping An Insurance Corporation, allowing your child or teen the possibility of getting coverage equivalent to five times the value of the Average Daily Balance. These accounts may be opened as In-Trust-For (ITF) accounts, as joint accounts, or as individual accounts for each of your children.

PSBank Personal Checking Account – Possess check-writing flexibility for worry-free payments of your bills and other financial transactions whenever you need it. Open this account at any of the Bank’s branches and enroll in PSBank Mobile and PSBank Online to experience delightful banking moments.

PSBank’s Senior Vice President and Marketing Group Head Emmanuel Tuazon says, “As we enter this new year, we want to give our customers the ability and resources to become their best selves, through disciplined saving. We are confident that our suite of diverse Savings Accounts will allow them to do just that, and more—by instilling in them the importance of being prepared, and of having the mindset of constant improvement. We invite everyone to check out all of our products and services today.”

Finding a diamond in the rough: Tips in purchasing pre-owned homes

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A property seeker is always hesitant when it comes to buying second-hand homes. This is because such properties could eventually cost you a fortune in renovations if you are not cautious.  

Spare yourself from possible buyer’s remorse. PSBank, through its “Good to Know” campaign, help you spot a gem among wide choices of pre-owned houses with these tips:

Know where to look.  The best places to find pre-owned real estate properties for sale are banks and local government institutions such as the Home Development Mutual Fund or PAG-IBIG.  Check out their website and you’ll find the best property deals.  There are also property auctions that these institutions organize.  Some properties not normally listed in their websites are being auctioned here. 

Schedule a visit or inspection.  Determine the real condition of the house yourself by asking a professional inspector for help.  Check if the basic structure, floor plan and infrastructure remain sturdy and durable. Ensure that there’s electrical and plumbing system installed, rooms are well-proportioned and there are no bad cracks or serious leaks. A great buy would be one with no major fixes and you’ll be able to move in to your new home soon.

Consider the location. The location is just as important as the house itself. If it is located within a good school system, a nearby transportation, market or grocery, then finding a home priced to accommodate the necessary updates could be a good deal.

Verify documents. Check the title and latest property tax receipt. The title will not only tell you how old the property is but it will also let you know if the property had a chain of previous owners. 

Check the market value of the property.  To ensure that you will not be paying more than you should, go through the current price trends and get an estimate or seek an expert to help you evaluate the second hand property against similar properties in the area.

Buying an excellent pre-owned property or a second-hand home entails lots of patience and due diligence. However, getting it for a bargain price should be more than enough motivation and be able to convince you that what you purchased is more than what you paid for.  You really just need to know where to look.

PSBank is currently offering significant discount on its already low-priced pre-owned real estate properties for sale.

Buyers looking for quality and affordable pre-owned condominium units, houses and/or lots will enjoy 20% to 25% discount on selected properties when they purchase from December 4, 2018 to March 4, 2019.

Aside from this great deal, you are assured of “clean” pre-owned properties for sale.  This means that each property in PSBank’s list of Real Estate Properties for Sale has a registered title and a tax declaration consolidated under the Bank’s name.  Plus, all properties are free from any legal issues and are already in the possession of the Bank.

To avail of the promo, you simply need to submit a completely filled-out Offer to Buy form and Buyer’s Information Sheet to PSBank Asset Sales Department, at any nearest PSBank branch, or via the Bank’s accredited brokers.  You also have the option to make their purchase in cash or by applying for a PSBank Home Loan with Prime Rebate.

PSBank Home Loan with Prime Rebate offers low interest rates, convenient payment modes, and flexible payment terms.  Applicants will also get a credit decision within five banking days or less via SMS.  Borrowers can also save money by paying early or before the due date or by paying more than their monthly loan amortization.  PSBank Home Loan has the Prime Rebate feature allowing home loan clients to earn rebates in the form of “interest discount” on any advance or excess payments made on the loan. Over time, clients could use the rebates to lower the loan principal, shorten the loan term, or even both.

Check out the list of properties and download the forms at www.psbank.coml.ph/propertiesforsale. 

For more information on the promo, you may call the following:

• Properties located in Metro Manila, Rizal, Visayas and Mindanao: (632) 885-8208 local 8990
• Properties located in North Luzon: (632) 885-8335
• Properties located in South Luzon: (632) 885-8208 local 8016

PSBank sweeps top honors in the 26th World HRD Congress

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Philippine Savings Bank (PSBank), the thrift bank arm of Metrobank Group, won top human resource (HR) awards for its innovative HR practices at the recently concluded 26th World HRD Congress last February 15-17, at Taj Lands End, Mumbai, India.

The 26^th World HRD Congress’ jury members bestowed the awards on PSBank VP and HR Group Head Mark Lord Limson during the 3-day conference.

PSBank was awarded the 2018 Global Best Employer Brand, and the Continuous Innovation in HR Strategy at Work. PSBank Vice President and HR Group Head Mark Lord Limson was recognized as one of the 100 Top Global HR Minds. Meanwhile, PSBank President Vicente R. Cuna, Jr. is the lone Filipino awardee to have been conferred the CEO with HR Orientation award.

The World HRD Congress recognized the thrift lender's exemplary initiatives and practices, particularly in simplifying employment processes with the use of automation, strengthening employee engagement through the use of internal social media, nurturing talents through career development programs, and boosting talent acquisition to become the top-of-mind employer of choice.

The India-based award giving body annually recognizes and appreciates the valuable contribution that the Human Resource professionals bring to the organization by aligning people strategy with Business Strategy. These awards were evaluated by an eminent jury comprising of senior professionals based on a pre-defined criteria.