Choosing a bank is an important decision that should not be taken lightly. You have to choose a bank that meets your needs and helps you achieve your financial goals. Banks are crucial in facilitating financial transactions. It is important for individuals, businesses, and the economy as a whole. It provides a secure and efficient means of managing finances, promoting economic growth, and safeguarding deposits.
I am one person, you are another. But each of us has more than one role to play. And BDO finds a way.
BDO, The Employers, and The Employees
BDO connects the parties of the labor sector. Gone are the days when salaries are handed in an envelope. The trend nowadays is that salaries are given via ATM cards. Banks can even process payroll on behalf of employers. The process may involve calculating employee salaries, withholding taxes and other deductions, and depositing the net pay into employee bank accounts.
Being partnered with banks, employers can offer their employees the convenience of receiving their paychecks directly into their respective bank accounts. It’s easy to get your hard-earned salary comes payday as ATMs are convenient all over, you can set up auto-payments on bills, debts, and subscriptions.
Cashless transactions are smooth so you can check out your cart from your favorite shopping site, pay for lunch or dinner through BDO Pay and walk with your groceries after a swipe or tap on the payment terminals.
In addition, bank transfers through an online gateway are also accessible so you can send funds to your loved ones, payment to an obligation, or donations through a few taps in the app.
BDO, The Schools, The Parents, and The Students
Number 1 is the convenience of payment processing wherein schools receive payments from parents and students for tuition, fees, and other expenses. By having a bank account, schools can process these payments easily and securely. This can reduce the administrative burden of collecting and processing payments manually. Also, an equal time saving on the part of the parents and student by eliminating the process of flocking to cashiers of schools during exams and enrollment season.
More time to study and do schoolwork works for students as you don’t have to spend a day at the registrar and experience the long line of waiting. All you need to do is to copy the bank account correctly, go to the nearest branch, open your online account, launch the app, and it also functions the same way leading you to payment of your school fees.
Parents can also do the same for those with small kids. They can save time by not going to school anymore, saving time and money on commuting, gas, or driving to the schools.
BDO, The Freelancers, and The Content Creators
For those who are in the freelancing and digital creation world, having a bank account adds credibility and professionalism to the business. Freelancers and creators can receive payments from clients for their services through their bank accounts, easily and securely. This can also help to avoid payment delays and ensure timely payment processing.
There are even platforms where you can connect to your bank directly. Even top money transfer like Paypal and Payoneer makes it easier to transfer and withdraw money through any BDO account. Furthermore, top e-money applications like GCash and Maya have a convenient and secure link with BDO.
BDO, The Businessmen, and The Consumers
Businesses receive payments from customers for their products or services through their bank accounts. They can manage their expenses carefully, including tracking expenses, paying bills, and saving for taxes. Consumers, on the other end, are assured of the security of their payments. They are protected against theft, loss, or damage to cash or checks.
The top applications from shopping, entertainment, healthcare, and e-commerce are connected to BDO. It gives consumers the ease to connect everything, cashless, without the scare of contact from money to money especially since we are all in the post-pandemic era of COVID-19.
BDO has served millions of Filipino people, here and abroad. Its user has benefited from all the technology and innovation it has brought.
BDO has worked hard for all its advancements and even working harder on developing features that will be useful soon.
With you, we know that our hard-earned money will be alright.