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From late November to early December 2021, [1] numerous accountholders of BDO Unibank (Banco de Oro; BDO) lost their money through unauthorized bank transfers.The funds were noted to have been transferred to multiple Unionbank accounts under the name of a certain "Mark Nagoyo".
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
Balance transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate. ... Money tip: You can’t always transfer up to your full credit limit ...
Don’t forget to factor your balance transfer fee into the new balance on your card. This fee can be anywhere from 3 percent to 5 percent of your transferred balance, depending on the card.
A balance transfer fee is what credit card issuers charge when you transfer debt from one credit card to another. Balance transfer fees are typically 3 percent or 5 percent of the total balance ...
It was known for a wide range of services from savings to insurance and, through its wholly owned subsidiary Equitable Card Network, was the largest Philippine credit card issuer. The bank merged with Banco de Oro Universal Bank in early 2007, and is now branded as BDO as its new identity as part of the new Banco de Oro Unibank, Inc.
2. Apply for a balance transfer card. You can apply for a balance transfer card online in a matter of minutes. To apply, you’ll need to provide basic personal and financial data, such as your ...