I've been really busy the past few months (notice the sharp drop in blog post rate) but I was finally able to file a claim with the PDIC this month. I'd actually had the documents ready for some months, I just didn't have the time. I spent a little less than an hour at the PDIC office. Most of that time was spent waiting for my number to be called. The actual filing took less than ten minutes, because all my documents were in order. I found the PDIC staff to be pleasant and courteous. There were a lot of other people filing claims, I don't know how many of them were Banco Filipino depositors.
Here are a few tips for Banco Filipino account holders wo have yet to file their claims:
1. Download the form here: PDIC Claim Form
2. Read the instructions on the form carefully and fill in the form. Instructions are also available at the PDIC website: How to File Claims
3. Make sure to bring all required original documents and photocopies.
4. Bring three valid IDs if you have them. One for the building pass, and two to present to the PDIC officer (I think they only need one but better to be safe.). If you only have one ID you might be allowed to retrieve your ID from the building guard.
The PDIC office is located at the 4th floor of the SSS building, Rufino (formerly Herrera) corner Ayala.
There are ways to predict which bank could be next. It just takes some rudimentary financial analysis. The basic idea is that if a bank has a lot of money parked in bad loans, acquired real estate, or even hidden losses, any deterioration in the value of these distressed assets will eat into the bank’s profits and capital.
ReplyDeleteCheck out my blog at:
http://bancofilipinofailure.blogspot.com/2011/09/lbc-bank-bites-dust-are-there-other.html
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ReplyDeleteThanks for dropping by. I think the PDIC should take a more proactive approach in protecting itself. Ultimately, that will protect depositors too.