Monday, April 11, 2011

4 Important Benefits of Banco de Oro's Easy Investment Plan

DEAR INVESTOR JUAN



Dear Investor Juan,

I just want to know your opinion and views on BDO's Easy Investment Plan.
Thanks.

By the way, awesome blog!

Regards,
Clark Kent

I kid. I kid.
-Vergel


Dear Clark, er, Vergel,

BDO's Easy Investment Plan (EIP) is an alternative way of investing in UITFs that offers several advantages over conventional lump-sum investments. It doesn't really involve anything newfangled or complicated, and other banks should offer the same option to their trust clients, if they don't already: by opting into the service, an investor gets to automatically transfer a fixed amount from his bank account, once or twice a month, into a BDO UITF of his own choosing. Here are some ways EIP can work to your advantage:

1. Prioritize savings

Perhaps the biggest challenge we face in building our emergency fund and investment portfolio is self-control. Midnight sales in malls on paydays reflect how conspicuous consumption has started to pervade our culture and psyche: every 15 days we feel we deserve to spend a bit more than we normally do for working very hard in the previous couple of weeks. This preference for short-term gratification over financial stability in the long run has led to very low savings rates among many Filipinos, a deficiency whose pitfalls unfortunately only become apparent after the fact, often when it's already too late. EIP helps you better avoid the temptations of overspending by automatically deducting a predetermined amount for investment, leaving you with less funds available for expenses. The good thing about this is that since you'd be investing in UITFs, which are liquid to a certain degree, you would still have access to your invested funds even during financial emergencies.

2. Face less hassle and stress

You enroll once, and that's it: your chosen amount will be invested for you automatically, unlike making periodic investments on your own where each instance entails going to the bank and filling out forms. Also, regardless of your investment horizon, you needn't worry about market timing and daily fluctuations in NAVPU (see item 4 below), which basically protects you from the stress and anxiety typically associated with investment decision making and monitoring.

3. Invest less than the minimum required

The trouble with UITFs is that the minimum additional investment is usually prohibitively high, at 10,000 pesos or more. For most people, setting aside 10,000 for investment would take more than a couple of months, which basically eliminates the opportunity to earn returns on what could be invested earlier. With the EIP, investors can invest amounts as low as 1,000 pesos per month, allowing them to benefit from time value of money by investing early and to build up their investments slowly but surely.

4. Benefit from cost averaging

"Cost averaging" is the conventionally used term for the investment strategy that EIP is based on; as was already described above, it involves investing a fixed amount regularly over a period of time into a particular investment instrument. If this were a perfect world and we have costless access to perfect information, then the best investment strategy would be to only invest when prices are at their lowest; unfortunately, the world is far from perfect and timing investments in risky securities, like bonds, stocks, and even UITFs, is essentially an exercise in futility. By spreading your investable funds evenly across your investment horizon, as you would with EIP, you are betting that you would be buying when prices are low about as often as you would be when prices are high, which averages the unit cost of your investment (your "buying" NAVPU, in this case) and gives you a better chance to earn higher returns.

Overall, the EIP provides several valuable benefits in exchange for very little costs (like having less spending money), so it's as close to a free lunch as we could ever get in the wonderful world of investing. It's the perfect investment scheme for intermediate investors, particularly those who are entering the systematic stage of investing, and for those who don't want to delve into the pseudo-science of market timing.

UPDATE 24 APR 2011:

BPI has a similar investment scheme called Regular Subscription Plan. An initial deposit of 10,000 pesos is required, and periodic increments of as low as 1,000 pesos per month or per quarter can be invested to the BPI UITF of your choice. Thanks to Anonymous for the heads up.


Disclosure: Again, while this post looks like some sort of infomercial for BDO, it is not: it is a plain and honest response to an actual query from one of our readers. I am not in any way connected with BDO or its affiliates. If you are aware of any similar products offered by other banks, kindly inform me so I can update this post accordingly. Thanks!

38 comments:

  1. If i have a payroll account on BPI and i want to avail the EIP of BDO what do you think is the best strategy to use in transfering my funds from my BPI payroll account to BDO. Note that im in the office during mondays-friday 12pm-12am so i dont know how to manage my time to transfer the funds and my pay date is 15th and 25th of the month.

    please help me plan for my future investment thank you.,,

    ReplyDelete
  2. This is the best solution that I can come up with:

    1. Open a BDO account (if you don't have one yet)
    2. Subscribe to EIP
    3. Activate your BPI Express online account (if you haven't already)
    4. Enroll your BDO account as a 3rd party account that you can transfer funds to using BPI Express Online
    5. Transfer funds from your BPI account to your BDO account to finance EIP as needed

    I hope you find this helpful. Good luck. :)

    ReplyDelete
  3. Hi Investor Juan!

    I think this is BPI's counterpart to EIP: Regular Subscription Plan (http://www.mybpimag.com/index.php?option=com_content&view=article&id=734&Itemid=154)

    Downside though is you still need 10,000 for an initial deposit. :( But after that, it can go as low as 1,000 monthly or quarterly. :)

    ReplyDelete
  4. Hey thanks for this helpful info. I will update the post with this. :)

    ReplyDelete
  5. Hi there!
    Questions:
    Do you have any idea regarding their reports on gains? How will I know that my investment has been productive?
    Also...
    Will they deduct 1000 pesos each month for the rest of my account's stay in their bank, or will they stop if they've already reached 10,000? Thanks so much!

    ReplyDelete
  6. 1. As far as I know, banks only provide monthly reports of the performance of UITFs to their customers, who are just advised to keep track of daily NAVPUs, which are published online, to manage their investments. If you want to track the performance of your investments, you can just use Bloomberg's free portfolio management online tool since it lists Philippine UITFs. I should be able to come up with a post about this in May.

    2. I think as long as you're enrolled in the program (i.e., BPI's Regular Subscription Plan) and as long as your account has enough funds, your specified periodic contribution will be deducted from your account. That means you'll have to "unsubscribe" from or opt out of the service if you want to stop the payments.

    ReplyDelete
  7. BPI's Regular Subscription Plan has a `default` period of 5 years unless you specify it in the agreement.

    ReplyDelete
  8. HI Investor Juan,

    Been enrolled to BDO EIP, have any idea if I can monitor my fund online. During enrollment BDO does not provide me with any proof of subcription or number other than my account #. Thanks, your blog really helps a lot

    ReplyDelete
  9. Hello. I don't think BDO has a facility that allows investors to do this. You would have to create an Excel file that keeps track of your transactions, current position (i.e., number of units owned), daily NAVPU, and daily total value.

    ReplyDelete
  10. Hi Investor Juan,

    Regarding your post below, I have visited BPI and they told me that transferring funds to BDO is not possible. Have you tried this? And if you did, is there any costs involved? Thanks a bunch =)

    This is the best solution that I can come up with:

    1. Open a BDO account (if you don't have one yet)
    2. Subscribe to EIP
    3. Activate your BPI Express online account (if you haven't already)
    4. Enroll your BDO account as a 3rd party account that you can transfer funds to using BPI Express Online
    5. Transfer funds from your BPI account to your BDO account to finance EIP as needed

    I hope you find this helpful. Good luck. :)

    ReplyDelete
  11. You know what, this might actually work. Thanks for your suggestion!

    ReplyDelete
  12. Hi Investor Juan,

    Actually I have just quoted your older post regarding enrolling BDO as a 3rd party account. I have asked BPI if that's possible but told me that it's not. 3rd party accounts are accounts in BPI under a different name.

    Do you have any more suggestions how to have our funds transferred monthly from BPI to BDO(my payroll acct is under BPI)? Thanks =)

    ReplyDelete
  13. Haha, sorry for that lapse. To help me overcome my frequent bouts of memory loss, please use quotation marks or italics next time you quote me, hehe.

    I can't think of any other alternative approach to this issue. If you really want hassle-free UITF investing, maybe you should just buy BPI UITFs and use the bank's Regular Subscription Plan and/or online investment facility. Or cross your fingers that BDO comes up with a usable online platform soon. :)

    ReplyDelete
  14. Anonymous,

    Maybe you can do this:

    1. Have a BDO SA where the EIP will get the fund.
    2. Have a BPI SA where the original funds would come from.
    3. Have a BPI CA so you can issue PDC from BPI to BDO. Just ensure that you give at least 5days allowance between the check maturity date and the EIP transfer date. This is ensure that your check have cleared before it EIP takes the fund from your BDO SA.
    4. Set-up an automatic transfer from your BPI SA to your BPI CA so fund the checks issued.

    This will FREE you from going to each bank every time you need to transfer money.
    BPI charges 200pesos for inter-bank transfers. But no charge to deposit a check to another bank.

    In addition: BDO will give you an EIP certificate to once you have 10,000 on your fund. This serves as your proof of owning a UITF with BDO.

    When 10,000 is achieve, the investor is now given an option to:
    1. withdraw the fund at prevailing NAVPU
    2. continue your contribution for the next 10,000 investment
    3. increase the amount you invest
    4. stop the monthly contribution and just watch your money grow

    Btw, I have an EIP and the is from my BPI payroll accnt... cheers!

    ReplyDelete
    Replies
    1. Wow, great. This has been my question, but from BDO to BPI.

      Delete
  15. Hi Investor Juan,

    I like BDO's EIP, but as an OFW working here in Saudi Arabia and my payroll account is in Al-Rajhi Bank, how do i avail that for my future investment.. thank you

    ReplyDelete
  16. You have to give someone in the Philippines authorization to open an account and enroll in the program, or do it yourself.

    ReplyDelete
  17. hi investor juan i so interested in eip or uitf also can u give me a example like for a year rough idea how much in return you will get if u invest like 10k as for staring in bpi
    thanks for the big help as before i used to invest in bpi direct savings and its always 90days period as interest is higher than regular time deposit in bpi

    ReplyDelete
  18. Hi. Okay, let's use BPI's equity UITF as an example. In the past 5 years, it has earned 6.42% per year (based on Bloomberg data). If we assume that the fund will continue to earn that much in the next five years and you invest 10,000 pesos today, your investment will have grown to 13,649.48 in five years.

    ReplyDelete
  19. My profits have been looking great and I was able to pay off my account also.

    ReplyDelete
  20. BDO EIP has better returns than BPI RSP

    ReplyDelete
  21. i'm w0rking in h0ng k0ng but would like to subscribe to BDO EIP. I already have a savings account with BDO. I called up s0me branches but they said i really need to be in the philippines to enrol to EIP. I cannot authorize somebody nor just mail the forms. Is there another way i can invest?

    ReplyDelete
    Replies
    1. Unfortunately, as of now opening a UITF account in the Philippines still requires the physical presence of the account holder/investor. Yes, it sucks for people like us who are based abroad, but it also sucks for the Philippines because funds from Filipinos outside the country would surely start pouring into our financial markets once this stupid limitation gets addressed.

      Delete
    2. Hi Foehns_419

      Why not try BPI UITFs, I enrolled to BPI UITFs and Mutual funds via their expressonline. It is very convenient as you can check your gains via net and you can buy additional units thru online also. All you need to do is enroll to the program, sign it and mail it to BPI Direct branch in Makati City. I am working here in Saudi Arabia and this online service of BPI is very convenient for us working overseas.

      Delete
    3. I will try this myself to see if it works, document the procedure, and write a post about it. Thanks for sharing your experience!

      Delete
  22. Hi Investor Juan, I'm a newbie investor, I've just opened an equity and bond fund in BPI last January and that's before seeing the track record of BDO vs BPI. I'm really tempted to transfer to BDO cause it looks like BDO fund managers are a lot better. The thing that turns me off a bit is the convenience factor. In BPI I can monitor my investment online, and can subscribe and redeem online as well. If I choose too I can also do that regular subscription plan. I was searching the BDO website (I don't have a BDO account) trying to look for any mention of an online facility for investment but I could not find any, so it looks like I can't monitor online and I would need to go to the branch. I guess I'm just being 'tamad' since as you mentioned I can just do go to bloomberg website and see the latest price and do some math everyday to see If what I'm earning (loss)... I guess I just wanted to get your opinion on the convenience factor of having an online facility for BPI, vs no online facility of BDO... would the potential better performace of BDO outweigh the convenience factor of BPI? Thanks

    ReplyDelete
  23. Hello. I share the sentiment that one important (maybe the only?) benefit of going with BPI is convenience. However, how much that advantage is worth is purely subjective. Like you said, you're "tamad," so maybe the convenience is worth more to you than a person who is not so tamad. To help you decide, maybe see how much better a comparable BDO fund has performed against your BPI UITF in percent terms ever since you started investing, then multiply that by your initial investment to get a peso amount. Then ask yourself: is the extra convenience provided by BPI worth this much? If yes, stick with BPI; if not, move to BDO. It's like if you need to buy a sachet of shampoo and there's a store beside your house that sells it for 6 pesos and another store 5-minutes on foot away sells it for 4 pesos. Is the extra 10 minutes of effort worth the 2 pesos that you save? Only you can answer that.

    ReplyDelete
  24. Thanks Investor Juan, I shall re-assess

    ReplyDelete
  25. Hi Investor Juan, me again (Prince)
    I did some number crunching using the BDO and BPI investment calculator, and If I've done it right (and the calculators are correct)then below are my result comparing with my 50K investment in BPI and BDO.

    Summary: Dates Covered (Jan-Feb 2013 & 2012-2009)
    BDO Bond Fund Ave. Yield: 5.496%
    BPI Bond Fund Ave. Yield: 4.754%
    Difference: 0.74%

    Summary: Dates Covered (Jan-Feb 2013 & 2012-2009)
    BDO Equity Fund Ave. Yield: 30.402%
    BPI Equity Fund Ave. Yield: 19.652%
    Difference: 10.749%

    My Assessment for myself:
    For the Bond fund: I'll stay with BPI (for now) The 0.74% advantage of BDO on the Bond Fund does not fully out weight the convenience factor of being able check/subscribe/redeem my bond fund in BPI's mobile app anytime I would like to.

    On the Equity on the other hand...
    the 10.749% advantage of BDO over BPI for the same amount of time covered (2009-2012 and Jan-Feb 2013) is VERY significant!!! I shall be opening a BDO account this month! :D

    Thanks investor Juan, if you have more advice it's very much appreciated from a newbie like me!

    If anyone is interested, below are the details of my number crunching with the BDO and BPI investment calculators.

    -
    Prince

    ReplyDelete
    Replies
    1. Looks good man. Congratulations and good luck!

      Delete
  26. BPI Premium Bond Fund vs DBO Peso Bond Fund 50K Comparison
    ===========================================================

    ****
    BPI:
    ****
    Investment: BPI Premium Bond Fund

    == 55 DAYS: Jan 4, 2013 - Feb 28, 2013 ==
    Start Date NAVpU 165.74
    End Date NAVpU 169.47
    Current Market Value 51,125.26
    Unrealized Gain/(Loss) 1,125.26
    No. of Days Lapsed 55 days
    Return on Investment (Absolute) [2.2505 %]

    == 1YR: Jan 4, 2012 - Dec 28, 2012 ==
    Start Date NAVpU 157.26
    End Date NAVpU 165.58
    Current Market Value 52,645.30
    Unrealized Gain/(Loss) 2,645.30
    No. of Days Lapsed 361 days
    Return on Investment (Absolute) [5.2906 %]

    == 1YR: Jan 3, 2011 - Dec 29, 2011 ==
    Start Date NAVpU 150.01
    End Date NAVpU 157.53
    Current Market Value 52,506.50
    Unrealized Gain/(Loss) 2,506.50
    No. of Days Lapsed 360 days
    Return on Investment (Absolute) [5.0130 %]


    == 1YR: Jan 3, 2010 - Dec 29, 2010 ==
    Start Date NAVpU 139.58
    End Date NAVpU 149.76
    Current Market Value 53,646.65
    Unrealized Gain/(Loss) 3,646.65
    No. of Days Lapsed 360 days
    Return on Investment (Absolute) [7.2933 %]


    == 1YR: Jan 5, 2009 - Dec 30, 2009 ==
    Start Date NAVpU 134.29
    End Date NAVpU 139.56
    Current Market Value 51,962.17
    Unrealized Gain/(Loss) 1,962.17
    No. of Days Lapsed 359 days
    Return on Investment (Absolute) [3.9243 %]


    ****
    BDO:
    ****
    Investment: BDO Peso Bond Fund (PBF)

    == 55 DAYS: Jan 4, 2013 - Feb 28, 2013 ==
    Specified Acceptance Date: 2013-01-04
    NAVPU on Acceptance Date: 1,712.83
    Specified Redemption Date: 2013-02-28
    NAVPU on Redemption Date: 1,742.14
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Peso Bond Fund (PBF)
    No. of calendar days between Acceptance Date and Redemption Date: 55
    Absolute yield: [1.71]
    Units of Participation: 29.19
    Proceeds: 50,855.57
    Income / Loss: 855.57

    == 1YR: Jan 4, 2012 - Dec 28, 2012 ==
    Specified Acceptance Date: 2012-01-02
    NAVPU on Acceptance Date: 1,633.12
    Specified Redemption Date: 2012-12-28
    NAVPU on Redemption Date: 1,710.74
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Peso Bond Fund (PBF)
    No. of calendar days between Acceptance Date and Redemption Date: 361
    Absolute yield: [4.75]
    Units of Participation: 30.62
    Proceeds: 52,376.44
    Income / Loss: 2,376.44

    == 1YR: Jan 3, 2011 - Dec 29, 2011 ==
    Specified Acceptance Date: 2011-01-03
    NAVPU on Acceptance Date: 1,550.09
    Specified Redemption Date: 2011-12-29
    NAVPU on Redemption Date: 1,635.97
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Peso Bond Fund (PBF)
    No. of calendar days between Acceptance Date and Redemption Date: 360
    Absolute yield: [5.54]
    Units of Participation: 32.26
    Proceeds: 52,770.29
    Income / Loss: 2,770.29

    == 1YR: Jan 3, 2010 - Dec 29, 2010 ==
    Specified Acceptance Date: 2010-01-04
    NAVPU on Acceptance Date: 1,419.91
    Specified Redemption Date: 2010-12-30
    NAVPU on Redemption Date: 1,547.92
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Peso Bond Fund (PBF)
    No. of calendar days between Acceptance Date and Redemption Date: 360
    Absolute yield: [9.02]
    Units of Participation: 35.21
    Proceeds: 54,507.69
    Income / Loss: 4,507.69

    == 1YR: Jan 5, 2009 - Dec 30, 2009 ==
    Specified Acceptance Date: 2009-01-05
    NAVPU on Acceptance Date: 1,332.72
    Specified Redemption Date: 2009-12-29
    NAVPU on Redemption Date: 1,418.78
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Peso Bond Fund (PBF)
    No. of calendar days between Acceptance Date and Redemption Date: 358.04166666667
    Absolute yield: [6.46]
    Units of Participation: 37.52
    Proceeds: 53,228.65
    Income / Loss: 3,228.65

    ReplyDelete
  27. BPI Equity Value Fund vs DBO Equity Fund 50K Comparison
    =======================================================

    ****
    BPI:
    ****
    Investment: BPI Equity Value Fund

    == 55 DAYS: Jan 4, 2013 - Feb 28, 2013 ==
    Start Date NAVpU 130.55
    End Date NAVpU 140.87
    Current Market Value 53,952.51
    Unrealized Gain/(Loss) 3,952.51
    No. of Days Lapsed 55 days
    Return on Investment (Absolute) [7.9050 %]

    == 1YR: Jan 4, 2012 - Dec 28, 2012 ==
    Start Date NAVpU 107.91
    End Date NAVpU 127.11
    Current Market Value 58,896.30
    Unrealized Gain/(Loss) 8,896.30
    No. of Days Lapsed 359 days
    Return on Investment (Absolute) [17.7926 %]

    == 1YR: Jan 3, 2011 - Dec 29, 2011 ==
    Start Date NAVpU 105.64
    End Date NAVpU 105.66
    Current Market Value 50,009.47
    Unrealized Gain/(Loss) 9.47
    No. of Days Lapsed 360 days
    Return on Investment (Absolute) [0.0189 %]

    == 1YR: Jan 4, 2010 - Dec 29, 2010 ==
    Start Date NAVpU 73.05
    End Date NAVpU 104.75
    Current Market Value 71,697.47
    Unrealized Gain/(Loss) 21,697.47
    No. of Days Lapsed 359 days
    Return on Investment (Absolute) [43.3949 %]

    == 1YR: Jan 5, 2009 - Dec 30, 2009 ==
    Start Date NAVpU 57.49
    End Date NAVpU 74.25
    Current Market Value 64,576.45
    Unrealized Gain/(Loss) 14,576.45
    No. of Days Lapsed 359 days
    Return on Investment (Absolute) [29.1529 %]


    ****
    BDO:
    ****

    Investment: BDO Equity Fund

    == 55 DAYS: Jan 4, 2013 - Feb 28, 2013 ==
    Specified Acceptance Date: 2013-01-04
    NAVPU on Acceptance Date: 355.15
    Specified Redemption Date: 2013-02-28
    NAVPU on Redemption Date: 399.72
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Equity Fund (BDO-EQUITY)
    No. of calendar days between Acceptance Date and Redemption Date: 55
    Absolute yield: [12.55]
    Units of Participation: 140.78
    Proceeds: 56,274.47
    Income / Loss: 6,274.47

    == 1YR: Jan 4, 2012 - Dec 28, 2012 ==
    Specified Acceptance Date: 2012-01-04
    NAVPU on Acceptance Date: 267.19
    Specified Redemption Date: 2012-12-28
    NAVPU on Redemption Date: 346.08
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Equity Fund (BDO-EQUITY)
    No. of calendar days between Acceptance Date and Redemption Date: 359
    Absolute yield: [29.52]
    Units of Participation: 187.13
    Proceeds: 64,761.50
    Income / Loss: 14,761.50

    == 1YR: Jan 3, 2011 - Dec 29, 2011 ==
    Specified Acceptance Date: 2011-01-03
    NAVPU on Acceptance Date: 257.36
    Specified Redemption Date: 2011-12-29
    NAVPU on Redemption Date: 262.76
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Equity Fund (BDO-EQUITY)
    No. of calendar days between Acceptance Date and Redemption Date: 360
    Absolute yield: [2.10]
    Units of Participation: 194.28
    Proceeds: 51,049.83
    Income / Loss: 1,049.83

    == 1YR: Jan 4, 2010 - Dec 29, 2010 ==
    Specified Acceptance Date: 2010-01-04
    NAVPU on Acceptance Date: 168.50
    Specified Redemption Date: 2010-12-29
    NAVPU on Redemption Date: 256.47
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Equity Fund (BDO-EQUITY)
    No. of calendar days between Acceptance Date and Redemption Date: 359
    Absolute yield: [52.20]
    Units of Participation: 296.73
    Proceeds: 76,101.97
    Income / Loss: 26,101.97

    == 1YR: Jan 5, 2009 - Dec 30, 2009 ==
    Specified Acceptance Date: 2009-01-05
    NAVPU on Acceptance Date: 109.87
    Specified Redemption Date: 2009-12-29
    NAVPU on Redemption Date: 171.00
    Amount Invested: 50,000.00
    Specified UITF Type: BDO Equity Fund (BDO-EQUITY)
    No. of calendar days between Acceptance Date and Redemption Date: 358.04166666667
    Absolute yield: [55.64]
    Units of Participation: 455.10
    Proceeds: 77,821.07
    Income / Loss: 27,821.07

    ReplyDelete
  28. Hi Investorjuan,

    I plan to avail of this program but I still have to settle this question: Suppose I make a monthly investment of 1K, will BDO wait for the remaining 9K before it's invested into equities/stocks? (I have heard from other people saying so)

    ReplyDelete
    Replies
    1. I don't think so. It does say here that the funds are for "immediate investment."

      And if what you're saying is true, then it defeats the purpose of plan, doesn't it?

      Still, it would be best if you get clarification straight from BDO.

      Delete
    2. I just subscribed yesterday to BDO EIP and from what they've explained, the first 1Ks deducted from your account are for immediate investment. They will issue COP as soon as your money reaches 10K and doesn't mean after 10 months (say you're enrolled to EIP for 1K per month). If your money grows 10K in less than 10 months, they can issue your COP that early.

      Delete
  29. hi i am an ofw i want to open an account what is the requirements?and i want to invest

    ReplyDelete
  30. Hi sir,

    Last week I have enrolled in Bdo's EIP every 15th of the month. My concern is today is August 15 but I haven't seen any deductions from my savings account. Does this mean that they haven't activated my EIP?

    Thanks a lot ,
    Lalaine

    ReplyDelete
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    ReplyDelete

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