Is no bank safe anymore?
First BPI, now BDO. Who’s next?
Jun 16, 2017
It seems no bank is safe from ATM trouble. Just last week, BPI encountered a system glitch that resulted in misrecorded transactions, and earlier today BDO account holders have reported alleged ATM fraud.
BDO president Nestor Tan has tried to dispel depositors’ concerns by announcing that this incident is “Nothing out of the ordinary.”
— Inquirer (@inquirerdotnet) June 16, 2017
It seems the government is having none of this whole business with bank glitches and frauds though. Senate President Koko Pimentel has ordered a senate investigation be conducted on the state of the banking system following the ATM troubles experienced by two of our biggest banks.
While we wait for the outcome of the investigation, let’s do our part in making sure our accounts stay as secure as possible. We’ve compiled some easy steps here. Hopefully we won’t hear of more bad bank news next week.
“Dry” season is here (not summer), says Pagasa
LOOK: 5 endangered trees in the Philippines
QC Memorial Circle’s green spaces might be turned into an auditorium
Honesty bus ends its service after a week because people didn’t pay their fares
National Bookstore is having a warehouse sale on Mar. 28-31