PSBank helps provide a brighter future to underprivileged children

 

Photo courtesy of Chosen Children Village Foundation, Inc.

 

 

Philippine Savings Bank (PSBank) renews support for the welfare of visually impaired, indigent and special childrenthrough the Bank’s annual donation to its corporate social responsibility (CSR) partners -- World Vision, Chosen Children Village Foundation, Inc. (CCVFI), and Resources for the Blind, Inc. (RBI). 

 

PSBank donated a total of PhP300,000 to aid these three child-friendly organizations in providing shelter, basic necessities, education, and other special needs for the underprivileged children under their care. 

 

World Vision commits in using the financial assistance to continue their programs for the welfare of underserved Filipino families. The organization spearheads community development initiatives and helps parents find a source of livelihood to better support their kids. They also provide emergency assistance to those affected by natural disasters.

 

“As the largest non-profit organization in the Philippines, World Vision helps over 1.5 million children every year.  With the support of thousands of Filipino sponsors and donors such as PSBank, the children, along with their families, were able to build a sustainable life in all of its fullness,” said World Vision Donor Care and Development manager Precious Hope Basco. 

 

The Bank’s other partner, Chosen Children Village Foundation, provides abandoned children with mental and physical handicaps a caring and loving home. They also train the children as they grow to adulthood to become productive and self-reliant members of the society despite their disabilities.  To date, there are over 80 children who are being rehabilitated and cared for in their facility in Silang, Cavite. 

 

 

CCVFI  Executive Director Adrian Mendoza expressed his gratitude to the bank in his remark: “Your generosity and love enable us to continue living with our mission of providing a haven for these angels and creating programs to maximize their potential and quality of life despite their mental, physical, and social difficulties.” 

 

Meanwhile, PSBank’s donation to the Resources for the Blind was intended to help realize the organization’s mission in helping blind Filipinos reach their full potential through counseling, education and training, and rehabilitation programs. RBI also aims to transform the children’s lives into becoming an integral part of society by teaching them basic functions like chores in the home and other daily activities.

 

“With the untiring support and generosity of our corporate partners like PSBank, we equipped the children with the means to go to school and access the education system, thus giving them a chance for a brighter future,” said RBI Executive Director Amelia M. Torrente.

Here are top 5 must-haves of a mobile banking app

Not too long ago, the only way to get hold of a savings account was to physically visit a bank. Today, with lots of technological advancement, opening a savings account with just a couple of clicks on your mobile device is fast becoming the new norm.

 

Leading the change on this front is PSBank, which recently launched the Online Account Opening feature of its mobile banking app. The bank’s primary reason for this feature is simple -- to make banking hassle-free and safe for Filipinos by bringing the first step of digital banking right at their fingertips. 

 

In choosing a banking app, here are the top five must-haves:

 

ADVANCED/CUTTING-EDGE FEATURES. Suffice it to say, times have changed. With online banking, you get to do a variety of financial transactions while at the safety of your home. What’s cool about the PSBank Mobile app is you can now open a peso savings or prepaid account via the app with just one valid ID and a selfie. It also offers a wealth of built-in money management features and powerful functionalities which lets you do your banking requirements such as pay bills, transfer funds using account number or QR code, monitor your accounts in real-time, P2P payment using PayMe, grow your money through time deposit placement, apply for a loan, even deposit checks 24/7 and a lot more in between watching your favorite shows on Netflix or while sipping a cup of coffee at home.

 

CONVENIENCE. Let’s face it—who has time to wait in line and accomplish transactions within limited banking hours? There’s a lot you can do with the time you’ll spend visiting a bank. The simple, intuitive design and navigation of the PSBank Mobile app allows you to complete banking tasks with just a few taps on your smartphone and the app wherever you are, whenever you want. Yup, that’s as quick and easy as it gets.

 

SECURITY. With the rise in cyber fraud and financial scams, you would definitely need assurance that your hard-earned savings or accounts are secure. What’s great about the PSBank Mobile app is you can securely log in to the app using either face or fingerprint ID and transactions are authenticated by an OTP (One-Time Password) sent to your registered mobile phone.  Moreover, the app has an ATM Lock feature which allows you to lock/unlock your ATM card account/s to prevent it from unauthorized use.   

 

CONTROL. Nothing beats being able to access, manage, and move money as you see fit – from anywhere at any time. In addition to being able to perform banking tasks, you can also schedule transactions with the all-around PSBank Mobile banking app so you will not fall behind on your bills, forget to send money or reload your mobile phones. It also has and allows you to manage alert notifications for things like loan due date, withdrawal and other debits, and account balances.  

 

24/7 ACCESS TO CUSTOMER SERVICE. Well-designed mobile banking apps make it clear how to get help fast. Assistance via the PSBank Mobile app come with a simple tap and in the form of LiveChat, phone, email or filling out an online form. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 The PSBank Mobile banking app truly packed with powerful functionalities and more. It’s one of the most complete, reliable, and user-friendly banking apps in the market today. 

 

“Our commitment to innovation, convenience, and safety is what drives us to keep adding new features in our mobile banking app that we know would be of great help to Filipinos who live in an ever-increasing digital world. And we’re just getting started. There’s so much more to look forward to in the coming months,” said Noel Tuazon, PSBank Senior Vice President & Marketing Group Head.

 

Download the PSBank app from Apple Store or Google Play Store today. For more information, please visit  psbank.com.ph/other-products-and-services/other-products-and-services/product-lists/psbank-online-account-opening/

Autosweep and Easytrip Toll RFIDs reloading available via the PSBank Mobile App

PSBank made the instant and hassle-free reloading of Autosweep and Easytrip Toll RFIDs available via the PSBank Mobile App.

 

With the PSBank Mobile Toll RFID reload facility, PSBank customers will now be able to save time and breeze through tolls as with just a few taps, their Autosweep or Easytrip account will be reloaded immediately.

 

A fee of PhP10 will be deducted from the customer’s PSBank account when they make an Autosweep reload. For Easytrip reloads, the fee will be deducted from their Easytrip account.

Reloading Autosweep and Easytrip Toll RFIDs via PSBank Mobile is simple and easy.  Here’s how:

For more information on Toll RFIDs Reload via PSBank Mobile, visit www.psbank.com.ph

PSBank Extends its Payment Grace Period for All Loan Clients

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!