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AllBank

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About

AllBank (A Thrift Bank), Inc. is a thrift bank in the Philippines, which offers a range of banking and financial services to individuals, businesses, and institutions. It was formerly known as the Rural Bank of Baliuag, and was acquired by the Chinese-Filipino businessman and entrepreneur George Ty in 2017. The bank was then rebranded as AllBank, and has since expanded its operations and offerings.

As a thrift bank, AllBank is regulated by the Bangko Sentral ng Pilipinas (BSP), and is subject to the same regulatory requirements and standards as other banks in the Philippines. AllBank offers a range of products and services, including savings and deposit accounts, loans, remittance services, and more, with a focus on serving the needs of its local communities and customers.

AllBank is committed to providing its customers with a high level of service and convenience, and has invested in technology and digital platforms to make banking easier and more accessible. The bank also has a strong commitment to corporate social responsibility, and has implemented programs to support local communities and promote financial inclusion.

Key Features

Some of the key features of AllBank (A Thrift Bank), Inc. in the Philippines include:

  1. Deposit accounts. AllBank offers a range of deposit accounts, including savings accounts, checking accounts, and time deposits, with competitive interest rates and flexible terms.
  2. Loan products. AllBank provides a variety of loan products, including personal loans, business loans, and agricultural loans, with competitive interest rates and flexible repayment terms.
  3. Remittance services. AllBank offers local and international remittance services, with a focus on providing fast, secure, and convenient transfer options for its customers.
  4. Electronic banking. AllBank has invested in technology and digital platforms to make banking easier and more accessible for its customers. This includes online banking, mobile banking, and ATM services.
  5. Corporate social responsibility. AllBank is committed to promoting financial inclusion and supporting local communities through its corporate social responsibility programs.
  6. Customer service. AllBank is committed to providing its customers with a high level of service, and has a dedicated customer service team to assist with inquiries and concerns.

Overall, AllBank is focused on providing its customers with a comprehensive range of banking and financial services, while prioritizing convenience, accessibility, and customer satisfaction.

Requirements

The specific requirements for opening an account or obtaining a loan at AllBank (A Thrift Bank), Inc. may vary depending on the product or service you are interested in. However, some general requirements may include:

  1. Valid government-issued ID. You will need to present a valid government-issued ID, such as a passport, driver's license, or national ID, to open an account or apply for a loan at AllBank.
  2. Proof of address. You may be required to provide a document that shows your current address, such as a utility bill, lease agreement, or bank statement.
  3. Income documents. If you are applying for a loan, you may need to provide proof of income, such as payslips, bank statements, or tax returns.
  4. Minimum initial deposit. Some AllBank deposit accounts may require a minimum initial deposit, which may vary depending on the type of account you are opening.
  5. Collateral. If you are applying for a secured loan, you may need to provide collateral, such as property, vehicles, or other assets.

It's important to note that these are general requirements, and the specific requirements may vary depending on the product or service you are interested in, as well as your individual circumstances. It's recommended to contact AllBank directly or visit one of their branches to get more information on the requirements for the specific product or service you're interested in.

Access on the Go

AllBank (A Thrift Bank), Inc. provides various options for customers to access their accounts on the go, including:

  1. Online banking. AllBank's online banking platform allows customers to view their account balances and transaction history, transfer funds between accounts, pay bills, and more. Customers can access the platform from any internet-connected device, including computers, laptops, and mobile devices.
  2. Mobile banking. AllBank's mobile banking app is available for download on iOS and Android devices, providing customers with convenient access to their accounts on the go. The app offers many of the same features as the online banking platform, including balance inquiries, fund transfers, and bill payments.
  3. ATMs. AllBank has a network of ATMs located throughout the Philippines, providing customers with 24/7 access to their accounts for withdrawals, deposits, and other transactions.
  4. Branches. AllBank has several branches located throughout the Philippines, where customers can conduct transactions, open accounts, and access other banking services in person.

Overall, AllBank offers a range of options for customers to access their accounts on the go, whether through online or mobile banking, ATMs, or in-person at one of their branches.

AllBank products

AllBank (A Thrift Bank), Inc. offers a range of products and services, including:

  1. Deposit accounts. AllBank offers various types of deposit accounts, including savings accounts, time deposit accounts, and checking accounts. These accounts may have different minimum deposit requirements and interest rates.
  2. Loans. AllBank offers a variety of loan products, including personal loans, salary loans, home loans, and car loans. Loan amounts, repayment terms, and interest rates may vary depending on the specific loan product.
  3. Remittance services. AllBank provides remittance services, allowing customers to send and receive money locally and internationally.

These are some of the products and services offered by AllBank, although the specific options and features may vary depending on the location and other factors. It's recommended to contact AllBank directly or visit one of their branches to get more information on the products and services that are available.

Which associations the AllBank belongs to?

AllBank (A Thrift Bank), Inc. is a member of the Philippine Deposit Insurance Corporation (PDIC), which provides deposit insurance to account holders in the event that a member bank fails. AllBank is also regulated by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the Philippines and is responsible for overseeing the country's banking system. Additionally, AllBank may be a member of other professional or industry associations, although this information is not readily available.

Bank Reliability

Determining the reliability of a bank involves considering various factors such as the bank's financial stability, credit rating, customer reviews, and regulatory oversight.

AllBank (A Thrift Bank), Inc. has been operating in the Philippines for over 20 years and is a member of the Philippine Deposit Insurance Corporation (PDIC), which provides deposit insurance to account holders in the event that a member bank fails. As of December 2020, AllBank had a net income of 70.6 million pesos and total assets of 10.7 billion pesos, according to the bank's financial statements.

Credit rating agencies such as Fitch Ratings and Standard & Poor's (S&P) have not assigned credit ratings to AllBank. This may be because AllBank is a relatively small bank and may not have sought a credit rating from these agencies.

Overall, while AllBank may not have as much visibility or track record as some larger and more established banks in the Philippines, being a member of the PDIC and subject to regulatory oversight by the Bangko Sentral ng Pilipinas (BSP) can provide a certain level of assurance for depositors. As with any bank, it's important to conduct due diligence and research before opening an account or conducting significant transactions.

FAQ

Who owns AllBank?

AllBank (A Thrift Bank), Inc. is owned by the Cosiquien Group, a Philippine-based conglomerate that has interests in various industries, including real estate, construction, and power generation. Specifically, the Cosiquien Group acquired a majority stake in AllBank in 2017 through its holding company, Cosco Capital, Inc. However, it's worth noting that ownership structures can change over time, so it's possible that the ownership of AllBank may have changed since my knowledge cutoff.

Is AllBank a good bank?

Determining whether a bank is "good" can depend on several factors, including its financial stability, customer service, product offerings, and reputation. While I cannot provide a definitive answer, I can provide some information about AllBank that may be helpful in evaluating the bank:

AllBank is a relatively small bank that has been operating in the Philippines for over 20 years. It is regulated by the Bangko Sentral ng Pilipinas (BSP) and is a member of the Philippine Deposit Insurance Corporation (PDIC), which provides deposit insurance to account holders in the event that a member bank fails.

AllBank offers various banking products and services, including deposit accounts, loans, and e-banking services, among others. Its product offerings may be attractive to customers who are looking for a range of options to manage their finances.

As of December 2020, AllBank had a net income of 70.6 million pesos and total assets of 10.7 billion pesos, according to the bank's financial statements. While AllBank's financial stability may not be as strong as some of the larger and more established banks in the Philippines, it has shown profitability and growth in recent years.

Overall, whether AllBank is a "good" bank or not may depend on individual factors and preferences. However, being regulated by the BSP and being a member of the PDIC can provide a certain level of assurance for depositors. It's also a good idea to conduct due diligence and research before opening an account or conducting significant transactions with any bank

Is AllBank hard to get approved for?

The difficulty of getting approved for an account or loan with AllBank (A Thrift Bank), Inc. may depend on several factors, including the specific product or service that you are applying for, your financial situation, and the bank's lending criteria.

AllBank offers a range of banking products and services, including deposit accounts, loans, and e-banking services. The requirements and eligibility criteria for each product may vary, so it's best to check with the bank directly or review its website for more information.

Generally, banks in the Philippines may require customers to provide certain documentation and meet certain eligibility requirements in order to open an account or apply for a loan. This may include providing a valid ID, proof of address, proof of income or employment, and other relevant documents.

In terms of loan applications, AllBank may consider factors such as the purpose of the loan, the borrower's credit history, and the borrower's ability to repay the loan, among other criteria. The bank may also have certain minimum income requirements for loan applicants.

It's worth noting that being approved for an account or loan with AllBank (or any bank) is not guaranteed, and approval is ultimately up to the bank's discretion. However, as long as you meet the bank's eligibility criteria and provide the necessary documentation, you may have a good chance of being approved.

AllBank disputes number

If you need to file a dispute with AllBank (A Thrift Bank), Inc. regarding a transaction on your account, you can contact the bank's customer service hotline at +632 8 887 2888 or send an email to [email protected].

When filing a dispute, it's important to provide as much detail as possible about the transaction in question, including the date and amount of the transaction, the name of the merchant or recipient, and any other relevant information. The bank may also ask you to provide supporting documentation to help resolve the dispute.

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