SSA Direct Deposit to BDO Questions

NN3M/DU3 Active member

Member since 02 June 2023

NN3M/DU3Active memberYesterday 05:44:30

Hello fellow PH retirees -- My long-time credit union (since 1983) merged with another outfit some months ago.聽 I've had a couple significant issues with them.聽 (Example, I hadn't gotten my new debit card and the old one was expiring... waiting until 3 weeks before it expired, expecting it any day.聽 I called asking where it was.聽 Was it sent?聽 "No, sir, I apologize.聽 I'll send you one right now..."聽 Which meant he cancelled my existing card and it was about two months before I received its replacement.聽 Anyway...)聽 I've gotten to the point where I want to dump them.

I have an account with RCBC but we no longer live near that branch.聽 There are three BDO locations near me -- two BDO Unibank branches and one BDO Network Bank branch.

I am considering using BDO for direct deposit of my social security checks.

I don't have a dollar account at RCBC.聽 When we were building the house, I'd transfer in dollars and receive in pesos.聽 Is this how the SSA direct deposit works at BDO?

How has BDO worked for you?

Thank you very much,

Stef

Enzyte Bob ViP

Member since 26 October 2018

Enzyte BobViPYesterday 07:18:13

3954

Just a few questions sir:

(1) Is your SS direct deposited in the same bank as聽 your long time credit union?

(2) Did you check around with other US financial institutions for checking account offers?

(3) Examples of offers: I have Chase CC, They keep sending offers giving me $300 if I switch my direct deposit over to them.

I have a cc with a credit union, if I switch my ss direct deposit over to them they will allow me to access the money two days earlier than the payment date.

(4) Where will your new updated credit card be sent to?

(5) If you choose to have direct deposit to BDO or any other Philippine Bank you might be subject to proof of Life and you may never received notice sent by ss via PHLPost.

(6) I keep my money & SS deposit in the (USA) out of harms way.

NN3M/DU3 Active member

Member since 02 June 2023

NN3M/DU3Active memberYesterday 10:14:31

Hello Bob -- Thank you for your input.聽 Yes, the SS deposit has been made to this same credit union since Day One.聽 And, yes, it gets there a couple days early.聽

I have and use a USAA Visa card.聽 Very familiar with their services, been using them for insurance and credit cards for years.聽 Earlier today I applied for their checking account, after logging on and being teased by a $250 credit when opening a new account with direct deposit.聽 I completed the paperwork through Docusign, but haven't heard back from them yet.

I use Northwest Registered Agents with a Delaware address.聽 (Was a Delaware resident for about fifty years.)聽 Mail is delivered there, scanned, and uploaded as a PDF all throughout the day.聽 Credit cards can be forwarded to me by DHL through them.聽 Expensive (like $70) but reliable.聽 There is a DHL office not far from me.

I've heard mixed reviews on Philpost but never any negative experiences personally.聽 Though it's certainly not up to US standards.)聽 Same with BDO.聽 The folks I know using BDO have no issues.聽 They are locals, happy to wait patiently for service, and only ask for basic services from their bank.聽 I'll likely have the same needs as them -- a debit card for Shopee, Lazada, and local groceries, and cash at the counter or ATM as needed.

For those of you following along, do you have a peso account at BDO?聽 Does your SS deposit show up at pesos?聽 How has BDO worked for you?

Thanks again,

Stef