Higher Interest and Digital banks

[Stardom22]

I think the digital Banks are more preferably here. This is because their transaction and cost of operations seems very cost effective in deed compared to the higher interests banks. They would remain my options forever.

 

[relcap23]

It's very convenient to use. It's also free to transfer from digital bank to e wallet, no transfer fees. Normal banks charge a transfer fee and some cashing in stations charge 1 percent

 

[nomad]

I do not know what kind of digital banks the OP is talking about but the local banks in my home country offer digital banking services and offer around 6 percent interest on saving accounts.

 

[RicAngelo]

In my country, digital bank offering a high interest rate than traditional ones, and I still do not have this kind of digital bank but maybe in the future I will do it, maybe

 

[IB D]

Even when you save with traditional banks, they would be offering you ridiculous interest rates. It is better to save in trusted and insured digital banks.

 

[Yohanna]

The interest rate of digital banks are considerable.

 

[relcap23]

I do not know what kind of digital banks the OP is talking about but the local banks in my home country offer digital banking services and offer around 6 percent interest on saving accounts.

I am referring to those banks who only transact virtually. They have no physical branch where clients can do their banking transactions. One example in my counter is CIMB and Gotyme.

 

[Starmix]

Gcash has some investment features I have yet to explore. Let me know how is it progressing.

I have a GCash account but do not have a GCash card. That is my problem now because PayPal no longer accepts my Union Bank link. I send my accumulated money in PP through my niece and she sends it back to me through my bank.

 

[relcap23]

I have a GCash account but do not have a GCash card. That is my problem now because PayPal no longer accepts my Union Bank link. I send my accumulated money in PP through my niece and she sends it back to me through my bank.

I don't also have a GCash card, I only use my Gcash e wallet. You can link your debit card to Paypal.

Post automatically merged: Apr 2, 2023

I have a GCash account but do not have a GCash card. That is my problem now because PayPal no longer accepts my Union Bank link. I send my accumulated money in PP through my niece and she sends it back to me through my bank.

You can link your Gcash to Paypal...just provide your PayPal address to your G cash.

 

[Yohanna]

It is very correct that digital banks have high interest rate.

 

[Stardom22]

I think digital banks are far much better than the traditional banks. This is because in those Banks people got to save their time and the efforts of going to the bank halls as they do all the transactions online.

 

[relcap23]

I think digital banks are far much better than the traditional banks. This is because in those Banks people got to save their time and the efforts of going to the bank halls as they do all the transactions online.

It's convenient as you never have to queue in banks. It's time saving , no holidays, no cut off time.

 

[Stardom22]

Like this coming Easter holidays whereby we will be having the longer weekend and holidays at large, people would enjoy the thrill of online banking as usual and unlike the traditional banks that would be closed throughout the holidays.

 

[uptrendfinancialsignal]

It is not encouraging and that is why people do not like to take loans from them

Taking loan from the digital banks could be a suicide mission sometimes.

 

[Bisolami]

Taking loan from the digital banks could be a suicide mission sometimes.

I always tell people not to try this because it is not safe for them

 

[uptrendfinancialsignal]

I always tell people not to try this because it is not safe for them

Sometimes you will be left with no choice other than to pick this type of investment.

 

[Starmix]

I don't also have a GCash card, I only use my Gcash e wallet. You can link your debit card to Paypal.

Post automatically merged: Apr 2, 2023

You can link your Gcash to Paypal...just provide your PayPal address to your G cash.

The problem is, I do not have a Gcash card. I am searching anywhere but cannot find one store selling GCash cards. I went to Robinson's business center, but they run out of GCash cards.

 

[relcap23]

The problem is, I do not have a Gcash card. I am searching anywhere but cannot find one store selling GCash cards. I went to Robinson's business center, but they run out of GCash cards.

You can try gotyme card of Robinsons

 

[Starmix]

You can try gotyme card of Robinsons

I been there in Robinsons last month in the business service department. They ran out of GCash card. Is there other place in Robinsons where GCash is possibly sold?

 

[Blessed19]

Instead of putting funds on a non interest bearing e wallet I put the fund on a digital bank affiliated with the wallet and once I need to use my e wallet that is when I transfer fund. There is no transfer fees and interest rate on my savings is higher than what is given by traditional banks. I hope this stays as this is a better option.

Good for you to actually be making such a trade and savings there in your e wallet as I will also want to do the same thing for traditional banks are really making things a lot difficult for people as you open up a savings account which is supposed to be having interest but rather they will always deduct money from your account in the name of charges.