Category Archives: Business / Finance

It’s True: BDO to Start Charging P2 per Cash Card ATM Withdrawal

As of today, withdrawing money from your bank account at any of their ATM terminals doesn’t cost you a cent. But, yesterday, an online newspaper’s tweet resulted to a Twitter hate against Banco de Oro after they announced that BDO will be charging Php 2 per ATM withdrawal.

Here’s the tweet:

Apparently, the one who handles InterAksyon’s Twitter account incorrectly pushed out this article by saying that ALL ATM withdrawals from BDO accountholders will be charged a Php 2.00 fee even if it’s a withdrawal within the BDO network.

From that alone, you would understand why people were enranged. You usually only get charged when you withdraw from other bank’s ATMs (inter-bank), so it was totally bad news for BDO accountholders.

BDO charges P2 for Cash Cards ATM withdrawals

The TRUTH

So, you might be wondering if it’s true that BDO is charging Php 2.00 per ATM withdrawal. Thankfully, after clarification (another article here), it was found out that the Php 2.00 fee will actually be implemented towards CASH CARD withdrawals only.

BDO Cash Cards (BDO Prepaid Cards) are reloadable electronic debit cards that one can use for shopping like your regular credit card. The hook there is it’s reloadable.

This means all other BDO ATM withdrawals will NOT be charged any amount upon withdrawing money from any BDO terminals.

The Php 2.00 ATM withdrawal fee for BDO prepaid or cash cards will start on September 1, 2012.

I hope this clarifies this issue. I’m thankful it was just a mistake. A lesson to always be careful with what copy or messages you put out on social media sites, especially Twitter, as it can easily be seen and shared. What a PR nightmare this was! :D I’ll be opening an account with BDO soon, so I’m really glad everything was clarified.

Earn Online and SAVE : A New Goal and My Purpose

If you’ve been following this blog, you know that I made some changes with the layout and the theme. I have decided to revamp Pinay Online Money Maker because I believe that there is more to online money-making than meets the eye.

New header of Pinay Onliney Money Maker

For some of us whose online earnings go through our Paypal accounts, managing that “virtual” cash may seem more difficult because of the convenience online shopping provides us. I am one of those who are guilty of spending too much money over the internet than I do offline, which is a terrible habit. And there is no one else to blame, but myself.

So, I decided to take control of my finances, both offline AND online. There is no excuse for me to not save money since the temptation to purchase should be of less intensity since online shopping means I don’t get to see and touch what I’m about to purchase. I understand now that saving money when buying online shouldn’t be an issue since there are hundreds or even thousands of ways for me to keep my online finances in check. I just need to know where to look for coupon codes online, discounted prices and other promos that I can take advantage of. And, of course, knowing how to spend money wisely, and save for my future and for a rainy day.

Saving money online

I have moved this blog to a new server along with new sites that I’m working on. I’ve been inspired by many people over the past weeks, which made me decide to take my online finances more seriously, especially because of the upcoming projects I’ll be busy with. I know that I’ve helped a lot of online money makers like me with my tutorials and guides from the past, and this time, I am aiming to also help in managing their online finances, so we can all maximize the money we earn over the internet. I hope you join me. :)

The Benefits of Offshore Investing

For people who have made it big in the UK, it has become a necessity to look for ways to ensure that the succeeding generations benefit the most from their family’s wealth. There are many ways asset protection services take to accomplish this for individuals. One option that is growing in popularity is through offshore investing.

Offshore investments

The gist of it is that a legitimate and reputable finance company takes part of an individual’s assets and invests this in funds outside of the UK. Investment experts are often able to look for offshore arrangements that protect what has been invested from taxes. This means that future generations stand to inherit more.

This form of investment is entirely within the bounds of law but is not always a simple undertaking. It’s important to try to source the best possible expert on the subject. Naturally, you’d first have to begin with a proper assessment of your finances before any investment decisions can be made.

Also, perhaps it’ll be worth your while to first evaluate your tax situation on your own. A basic UK income tax calculator can help you determine if you’re paying a hefty sum in taxes to require the services of an asset protection company.