All of us want to save. But we’re too distracted with too much spending. In this generation, many people still don’t want to save because of fear. And for usual employees, they put their money in the bank for safekeeping. However, there’s some consequences that comes with it. If you don’t save for the rainy days, you will run out of funds to survive. You want to open a savings account, but there’s too many requirements to pass.
So Cebuana Lhuillier came up with a solution that will help you save your hard-earned money without fear and hassle. The Cebuana Lhuillier Micro Savings was made to give Filipino microentrepreneurs and minimum wage earners a chance to save like usual bank savings. The only difference is you don’t need too many requirements and it’s applicable to all Cebuana Lhuillier branches nationwide.
How Cebuana Lhuillier can help me Save?
1. It acts like a BANK ACCOUNT
Acting as a cash agent of the Cebuana Lhuillier Rural Bank (CLRB), micro savings is Cebuana Lhuillier’s platform for Filipinos to overcome the barriers to saving. Using an ATM card, people can now save their hard-earned money like bank deposits. And through the circular, anyone can open a basic deposit account for less than Php100, with no maintaining balance and dormancy charges.
2. Your Bank Transactions are EASY TO REACH.
You don’t need to go that far and undergo long line for your bank transactions to happen. For ALL Cebuana Lhuillier branches are authorized to offer and receive Micro Savings deposits. Cebuana Lhuillier branches serving as cash agents are authorized third party service providers of the bank, according to circular no. 940 of the Bangko Sentral ng Pilipinas which details the guidelines on deposit and cash servicing outside of bank premises.
You can deposit and withdraw your savings in any of Cebuana Lhuillier’s close to 2,500 branches nationwide. Monday to Sunday, you can come to the branches near you. Now that’s what you call CONVENIENCE.
3. It will give you MORE DISCIPLINE to SAVE for the RAINY DAYS
While Filipinos like to save, they opt to keep it at home according to the Bangko Sentral ng Pilipinas (BSP).
The lukewarm attitude of the masses towards opening a savings account is attributed to the barriers to saving in banks. The lack of access to banks among the country’s many cities and municipalities remains as the top deterrent, according to a BSP study. In fact, only 33% or 551 cities in the Philippines have access to banking institutions. The numerous documentary requirements is a major turn off for many, along with the high cost of initial deposit, high maintaining balance, as well as, high dormancy charges.
Cebuana Lhuillier Micro Savings enables every Filipino to break through these barriers. Opening a Cebuana Lhuillier Micro Savings account requires only one valid ID and a minimal Php 50 initial deposit. And because of Cebuana Lhuillier’s wide network of branches comprised of 2,500 retail infrastructures, account holders can deposit and withdraw anywhere at their most convenient hours.
So let’s break the traditional way of saving and let Cebuana Lhuillier Micro Savings help you save for your future goals. For savings now made easy and affordable. Visit your nearest Cebuana Lhuillier branches for more inquiries.