Sunday, December 4, 2011

I would like to open time deposit but im here abroad?

The time deposit i want will be a joint account with my sons and they in the phils. Is it possible? Can the form be fax to me and can send back to you? Can my sons go to BPI branch in Novaliches, Gen. Luis and accomplish the forms and can take the certificate with them. How much is the interest will it earn?|||depends on where you are.For example, in Hong Kong you can open a PNB account though i'm not sure about BPI. In Singapore, you cant for both. In US or western countries I doubt it cuz they have less coverage unless you want to open an OCBC or HSBC account instead, they have more coverage worldwide and they have main branches in Phil too.





For a joint account i dont think they allow it cuz you need to be with your son in the same place/branch at the moment you're openin the account. You can either ask them to open a personal time deposit or personal savings account. Savings have interest gain too but very small. Then you can bank in money from where you are through remittances. For interest rates on time deposit, can vary from time to time you should check with the bank itself.





Postcriptum: If you're working abroad you might want to consider openin a US dollar account, more stable than peso in the long term if you're doing time deposit, you might have greater returns too.








Phil is Philippines. General Luis and Novaliches are provinces in Philippines, pretty much like the equivalent of Fujian and Guangdong in China... s.hit i gotta get out of this continent...|||I have no idea . . . I'lll look it up .. . .|||Well it all depends on the bank and if they are connected and if you are able to that at that bank and i am sorry if you can't but most banks here in canada let you do that i am not sure how things in the states work. Well that is the best advice i can give and let me know if that helps|||i don't know where the phils or the novaliches are but if you have a work visa you should be able to get a bank account. I don't think your sons can open an account for you though. You'd have to go with them and give them authority over your account. Different banks have different policies. You're better off contacting a particular bank and asking them any questions you have. Banks in the carribean handle off shore accounts like switzerland does, but not for accuring interest you usually have to pay for such transactions.|||You can open a brokerage account at TD Ameritrade.





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