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Philippine Online Banking : Is it safe ?

One of the fast growing scenario in the Internet is buying online and making business online, But one could have a question on which Bank or Company could be trusted? I have made a list of banks in Philippines and their links to their online transactions. I have made a list , links and experience with this banks as follows :

Metrobank Philippines

I have been using Metrobank for almost 3 years in doing Online Banking transactions and all seems to be fine. I did not encounter any problem with them. Except that they turn off the third party enrollment due to Online Phishing. But its a great move. I feel safe in using their online banking.

Citibank Philippines 

My experience in Citibank is by using their online banking for their Credit Card. I can check my Balance and Payment made thru online. They also support Payment system thru their online Banking. I feel safe in using their online banking.

PNB ( Philippine National Bank ) 

I don’t have experience at this bank. You may check their site for additional information

HSBC

I don’t have experience at this bank. You may check their site for additional information

BPI ( Bank of the Philippine Island )

I don’t have experience at this bank. You may check their site for additional information

Chinabank

I was using Chinabank online before to check and transfer money form an account to another account. They also support payment Online, To enable you to pay your debts and Utilities Online

Equitable PCI Bank

I have tried to used their service before and I may say that I did not experience problem with their online system . Except that if you are an OFW and working far from Philippines you will having a hard time to get your password if in case you forget it. Which is good for us. I feel safe in using their online banking.

BDO ( Banco de Oro )

They have also a simple interface that is being used in online system. You can apply to have an online PIN thru their branches which is commonly seen in SM Supermarket. Payment can also be made thru their Online Banking.

United Coconut Planters Bank

I don’t have experience at this bank. You may check their site for additional information

RCBC ( Rizal Commercial banking Corporation )

I don’t have experience at this bank. You may check their site for additional information

AIG

My experience in this bank is using their Credit Card system, At that time I am checking my balance thru emailing their Customer service. And since I am abroad they are replying to me after some verification question. Although this might be dangerous since you do not know where this information goes. Anyway I did not have any problem wit them.

Standard Chartered Bank Philippines

I don’t have experience at this bank but their online information

Is there any additional Bank which you think should be included in the list. At present I am using Metrobank.

Almost all this bank is working fine in I-explore and not in Fire Fox.

I would like to know your experience on the above mentioned banks. This aims to help others to feel comfortable in doing online transactions and Business. I just hope that Paypal is available in Receiving and sending money to and from Philippines. You may put the advantage and disadvantage of the Technology being used in Online Banking.

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