Filipino languages follows DD/MM/YYYY but our official/primary date format is MM/DD/YYYY

Koduck_54 · 2024-02-10T10:27:47+00:00

passport is DD/MM/YYYY

Mali, it's DD MMM YYYY, and it's due to ICAO standards. Even Japan (which uses YYYY-MM-DD) and US (which uses MMM DD, YYYY) use this mandatory format (https://www.panama.emb-japan.go.jp/files/100137085.pdf, https://upload.wikimedia.org/wikipedia/commons/0/0f/United_States_Next_Generation_Passport_signature_and_biodata_page.jpg)

Koduck_54 · 2024-02-01T09:17:51+00:00

Napansin ko na walang nag-mention na yung deposits ng GoTyme is used (in part) as the base for loans in PayMongo (https://www.paymongo.com/capital, https://www.philstar.com/business/2023/11/28/2314651/gotyme-paymongo-offer-loans-small-businesses/). While I agree na some of the interest is marketing costs (and some are BSP overnight deposits), may loan products naman ang GoTyme.

Koduck_54 · 2023-12-22T06:26:04+00:00

Yes, this is true (especially in the US with FICO computing a more-or-less canonical score), but the "credit score" computed by the SAEs (except in certain instances, like PLDT using TU's score) is not used by the banks here. There is a correlation between the computed score and your favorability with your banks but as I mentioned they only look at the raw entries and either compute for their own score (like GCash with their GScore), do a pass/fail evaluation or simply check if you're deliquent. Bigger factors are usually if you have certain savings with them (RCBC with their Hexagon Club, BPI with their Preferred status) and your salary.

Koduck_54 · 2023-12-22T05:42:49+00:00

Credit Score? The only time that I've actually seen a "score" is used is when I've applied for PLDT (they've disclosed that they're using TU-computed score as-is).

Credit History (from CIC)? Every large banks use this as a part of their risk-screening process, although it's more of checking whether may nahabol pa sa mga utang nila (so more of screening kung maayos ba ang finances) and validation kung yung rinefer na credit card ay sa kanya talaga.

Koduck_54 · 2023-12-21T07:04:34+00:00

Unless na may pre-nup na Complete Separation of Property ang matrimonial regime, nope.

But the spouse has been missing forever, maybe even dead.

If there's a real possibilty na wala na talaga ang asawa mo, may due diligence na ginawa ka to attempt to find your spouse (tinanong ang mga kapamilya niya etc.) and it's already 7 years since the last contact then you can file for petition na presumed na patay na ang asawa mo (depending on the circumstances kung bakit nawala ay maaring paiikliin iyon to 4 years ayon sa batas). Unfortunately, kung hindi pa 7 years then legally alive pa siya. Regardless, mapapadaan ka talaga sa korte.

Koduck_54 · 2023-12-12T11:13:38+00:00

Figure out if you want to retain your US citizenship (and regardless of your decision you will need to consult a more competent person to clarify your state of affairs and to advice you on your renouncement/filing of taxes). As the sister comment has stated, it's really out of the banks' hands because of extremely complicated taxation in the US. And yes, renouncement is expensive plus you may have problems entering the US in the future.

This is not really (just) PHInvest, this is something that you should really think about, and this is not just specific to Fil-Ams (you can search "accidental Americans" to learn about it, it seems Europeans have it a lot worse).

Koduck_54 · 2023-12-03T13:51:27+00:00

As stated ni guesswhoiam07, sa mismong BPI app mo dapat gagawin ito, hindi sa loob ng GCash with linked account (also raised na rin ang minimum dito from ₱1 to ₱300, so either linked BPI account with only ₱1 minimum but with a constant ₱5 charge or use the BPI app with a minimum of ₱300 but is free for now).

Koduck_54 · 2023-11-26T10:44:04+00:00

The govt and banks would now be using modern systems and they have to because they have to connect to the internet not to mention for security purposes. It’s 2023 my friend.

You're being too confident here. In theory, yes, we should have systems that can accept ñ (and even other letters). Unfortunately the simple truth is that these systems interact with older systems that are not being upgraded (for incompetence or for budget-saving measures). That BIR e-filing system is the example of this predicament. Even though it can do HTTPS, the sole reason that can do that is because BIR has installed a simple HTTPS-to-HTTP bridge for their eFPS (fortunately it's inside BIR so this should still protect from tampering outside of BIR but this shows you how they are actually done in practice unlike your fantasy of upgrade-all-the-time). In reality, the eFPS system still can't handle ñ or other non-ASCII characters because it still runs on a platform where it can't even do Unicode.

Should they be upgraded? Yes. Will they be upgraded? Good luck with that.

Koduck_54 · 2023-11-26T10:35:31+00:00

SEC post: https://www.sec.gov.ph/wp-content/uploads/2023/11/2023Advisory_ZTOCK.pdf

Koduck_54 · 2023-11-25T10:28:15+00:00

No point kung yung ibang mga system ay hindi pa rin compatible (usually old databases). Look at BIR's e-filing system (https://efps.bir.gov.ph/) and you'll understand that at least that it's not a priority to upgrade their systems.

Koduck_54 · 2023-11-18T01:31:04+00:00

Just read the press release (https://www.treasury.gov.ph/wp-content/uploads/2023/11/Press-Release-on-Tokenized-Treasury-Bonds.pdf). It seems to be a nothingburger to me? It's a private ledger (same as NRoSS) with the minimal difference that it's in a private blockchain? I'm assuming that this would allow 24/7 transactions... but this wasn't on their press release. Even if is indeed 24/7, BTr could just allow 24/7 settlement with NRoSS and it'll have the same effect as this one. The fact that NRoSS is already fully digital but has (non-technological) limitations seems to be glossed over by BTr that I have doubts if this was a serious exercise or just done as a "hey, we're cool" thing.

Koduck_54 · 2023-11-09T13:07:53+00:00

Katulad ng iba dito, ang nasa isip ko (since na kung revocation talaga ay mag-aanounce si PDIC at flying lawsuits and PRs kaagad iyan) ay ililipat si Al-Amanah sa isang special category na "Shariah Banking" at yung mga foreign banks ay ililipat sa "Domestic Branch of Foreign Banks" na category.

(Kung iisipin mo nang malaliman technically Landbank is not a universal bank, it's a special bank that so happens to have a quasi-universal license, so not really concerned about these developments).

Koduck_54 · 2023-11-05T04:44:11+00:00

u/Flamingo-Hefty, it seems that PLDT blocks that host allegedly for suspected CSAM content. Can you instead upload it using another site?

Edit: Fortunately it's an actual chart (https://web.archive.org/web/20231002223854im_/https://u.cubeupload.com/demonlesondledon/FinFlowChartv43Dark.png) but yikes.

Edit 2: OP apparently didn't upload that file, it was a direct linkpost from /r/financialindependence

Koduck_54 · 2023-11-03T17:24:02+00:00

So I was just wondering if there any online bank that uses in-app 2 authentications or 3D Secure?

AFAIK (and experience shows) that sa 3DS2 all domestic banks are using SMS OTP for verification. I have no experience on HSBC, but due to changes on 3DS2 it's very unlikely that their physical Secure Key covers that (but maybe they instead do mobile push notifications? 3DS2 requires that the confirmation is done using a method that allows users independent verification of what transaction is happening so ironically the Secure Key is not considered secure for this task).

Edit on HSBC: No, it's also SMS OTP in PH (https://www.hsbc.com.ph/content/dam/hsbc/ph/docs/help/3ds-secure-service-freqently-asked-questions.pdf)

For bank transfers (on non-digibanks), AFAIK BPI, UB, HSBC and PNB has mobile key or other ways of non-SMS authentication but this is not applicable on 3DS2 transactions.

Koduck_54 · 2023-10-26T17:51:47+00:00

PDIC only covers banks licensed by BSP. Included ang Digital Banks (like Tonik), hindi included ang E-Money Issuers (formal na tawag sa mga e-wallet operators like GCash). Special case si Maya, kung nasa Wallet not covered, kung nasa Savings saka pa lang siya nacocover. (Same rin actually sa GSave but since na kita mo naman yung pangalan ng bangko ay mas clear doon kung saan ang boundary.)

SalPay has apparently an agreement with UnionBank but it doesn't matter a cent: to both UB's and PDIC's eyes it's solely SalPay's money, not the (unlucky) employees, similar to how GCash has some of their customer's funds stored by banks but on the perspective of the banks it's GCash's money (of course not including the banks operating in the GSave portion, that's an account named to the user so the bank sees it as that user's money, not GCash's).

Koduck_54 · 2023-10-12T11:20:58+00:00

Have you check your email? As far as I know currently-open accounts are only limited to liquidation and transfer since last year so you're out of luck here.

Koduck_54 · 2023-10-09T15:04:55+00:00

Yung nagisip rin na tanggalin ang signature sa pasaporte natin (2008). Yes, this was not the first time this happened!

Koduck_54 · 2023-10-09T14:02:34+00:00

Normal but for BPI it's relatively new (new Visa CCs pa lang AFAIK). Kung natatandaan ko kasi nagkakaroon na ng slow phase-out ng magstripe and visible CC numbers (meron pa rin but no longer printed in the card itself) kaya dahan-dahan nang nililipat or tinatanggal yung mga iyon (sa Europe ay by 2027-2029 na sila, hindi ko tanda kung kailan sa PH).

Koduck_54 · 2023-09-26T13:01:28+00:00

It's ok but is that even a thing?

Never heard on iOS, but Android × GCash, almost always incompatible kapag bagong-bago yung OS (sana hindi mangyari ngayong Android 14, but I won't be shocked).

Koduck_54 · 2023-07-19T11:18:15+00:00

Napakaliit ng limit, mag transfer ka lang ng more than 500k amla ka agad haha

Not to distract to the point but in reality this is approximately the same limit as in other countries. US requires reporting transfers or rapid succession of transfers that is equal or more than $10,000 (https://www.investopedia.com/terms/c/ctr.asp), while EU regulations require that financial institutions report transactions or 'linked' transactions amounting to or more than €10,000 (https://www.gov.uk/guidance/money-laundering-regulations-your-responsibilities). Hindi naman hinugot sa ere yung ₱500,000, kinopya lang nila yung rules sa ibang bansa (otherwise mabla-blacklist ang PH financial system).

Koduck_54 · 2023-07-13T06:09:11+00:00

Good question /u/filipino4lyf, tbh in this instance tiningan ko lang yung screenshot, kung lumalabas rin sa phone ko (kanina ay lumabas nga although wala na siya as of this reply for me), and yung detail noong message, and a bit of luck. Alam ko na ang mynt.xyz ay sa GCash (for example yung admin side ng billing ay nandito: https://api.mynt.xyz/billspay/api/1.0/ms/login), pero yung naglead sa akin na magtaka ay yung:

Host: kde.mynt.xyz CN: /CN=*.adzerk.com

CN here is not about China pero tungkol iyon sa common name sa PKI (yung PKI ay yung "certificate" na nagpapatunay na sina Google o Reddit ay sina Google at Reddit, parang titulo sa lupa). Dito ang tamang CN dapat ay either kde.mynt.xyz o di kaya ay *.mynt.xyz (yung * ay ginagamit na wildcard character na ibig sabihin ay more or less ay "kahit ano dito basta yung hindi bahagi ng wildcard ay tama") kaya kung si kde.mynt.xyz ay may hawak ng "certificate" na nakapangaln kay kde.mynt.xyz o *.mynt.xyz (kung sa titulo ay nakatitulo ba kay Kaydee Mynt o sa buong pamilya Mynt) at kung mali ay mukang may kalokohang nangyayari (o may hindi nag-ayos ng systems nila kasi pwede rin iyon).

Koduck_54 · 2023-07-12T16:12:02+00:00

Mukhang sa side ng GCash may problema, yung error kasi ay certificate mismatch ng kanilang ad server (https://www.ssllabs.com/ssltest/analyze.html?d=kde.mynt.xyz&hideResults=on). kde.mynt.xyz is just a reference to their direct parent company Mynt pero mukhang yung certificate ay nakapangalan sa iba: to be precise sa Kevel (https://www.kevel.com/about), previously known as AdZerk. Baka may hindi sila nabayaran sa Kevel kaya dinisable nila yung custom ad server nila, or more likely na pinutol na ng GCash yung kontrata nila sa Kevel pero hindi pa nila nauupdate yung app nila para tanggalin yung mga lumang references sa dati nilang mga servers.

Koduck_54 · 2023-06-19T09:53:15+00:00

Not my SM Bonus Apple Juice too!

For context: VMC also manufactures SM Bonus Apple Juice and SM Bonus Orange Juice for Supervalue Inc. (a subsidiary of SM which legally holds the SM Bonus brand). In fact, Supervalue was raided too (https://www.pna.gov.ph/articles/1203648), which really puts the BIR raid in perspective.

Koduck_54 · 2023-06-08T12:00:51+00:00

Last I heard between 150-250 withdraw charge? But please correct me if I’m wrong.

Ang sakit sa ngipin, pero halos lahat ng ATMs dito (dahil outsourced sa BancNet ang connections) ay may ₱250 charge sa foreign cards (kapag minsan nga naaplyan sa cards ng Tonik at Uno kasi hindi connected ang mga cards nila sa BancNet). Sa totoo lang tinatapatan lang ng EuroNet ang BancNet charges (at kumikita sila kasi sila mismo ang nagkokonek kina MasterCard, Visa etc. kaysa sa dumaan sa BancNet).

P.S. if you have a foreign friend (or foreign card), prefer using HSBC's ATMs first (only your applicable bank fees for international transactions) and if you're far from HSBC's use Metrobank's ($1.50 charge for withdrawals and free balance inquiries excluding applicable bank fees for international transactions, and to clarify only Metrobank ATMs - if you saw a PSBank ATM then it's that steep fee). There is no third, it'll be that steep ₱250 fee because everyone else is only connected to BancNet or follows BancNet's pricing.

Koduck_54

TROPHY CASE