Where is your money safe? Bank or to your wallet?
By Jandie
@tech40 (23128)
Philippines
September 5, 2018 9:11am CST
There are so many snatchers nowadays who steal phones, wallets, and other stuff from you, but where is the safe place where we can hide our money?
I put mine on my wallet, and some in my bank, just in case something happened, I still have back up money.
"I also heard that there are banks getting bankrupt, ends in running away from their clients"
9 people like this
11 responses
@louievill (28851)
• Philippines
5 Sep 18
I have money in my wallet, vault, bank and believe it or not I piggy bank coins and folded bills 
I think you have an edge if you bank with the top banks in our country ( Philippines) like BPI, BDO and Metrobank, they are more stable than small banks.
I think you have an edge if you bank with the top banks in our country ( Philippines) like BPI, BDO and Metrobank, they are more stable than small banks.2 people like this
@louievill (28851)
• Philippines
6 Sep 18
@tech40 my wife also banks with BPI, anyway our bank deposits are insured by PDIC up to 500,000 PHP, so do not put more than that amount in a single bank.
1 person likes this
@tech40 (23128)
• Philippines
6 Sep 18
Yes currently I'm using BPI where I receive my salary so far they're good, so far I didn't encounter any problems on our banks that we have here in Philippines, but I remember before that I watched a news on TV that one of the banks that we have before went bankrupt and they're not able to return their customers money
1 person likes this
@tech40 (23128)
• Philippines
7 Sep 18
@louievill I believe in that, even the rich people have multiple bank accounts, they have BPI, BDO, Metrobank, and other Philippine Bank Company.
1 person likes this
@Mavic123456 (21898)
• Thailand
6 Sep 18
Still bank since I don't have that much.
1 person likes this
@tech40 (23128)
• Philippines
7 Sep 18
@Mavic123456 Yes but it's depends to your bank policy, because there are banks that have fee's even if it's a small or large amount of money you deposited to their bank, as long as you occupy space to their bank space, there's a cost.
1 person likes this
@Mavic123456 (21898)
• Thailand
7 Sep 18
@tech40 fees? my gosh! then we should be keeping under the ground.
1 person likes this
@Starmaiden (9311)
• Canada
5 Sep 18
The banks are bigger thieves than those who steal wallets. I keep much of my money on hand at home and take with me only what I need for the outing.
Leaving it in the bank will see it decrease with every transaction I make...and then some.
2 people like this
@Mike197602 (15487)
• United Kingdom
5 Sep 18
In the UK your deposits in banks are guaranteed by the government up to £85K.
I banked in Iceland for a while before the crash and got scared but did get my money back as a dutch bank bought my bank.
I rarely carry more than £10 cash as I use my contactless card for purchases under £30.
1 person likes this
@yoalldudes (35040)
• Philippines
6 Sep 18
The key is not putting all your eggs in one basket. Some in bank, some in stocks, some on hand etc.
1 person likes this
@Nickzter1331 (4229)
• Philippines
5 Sep 18
,,,some of my money are at the bank.. and some are in my wallet..
1 person likes this
