Posts Tagged "BDO"
The Fake Money- The Story Continues
I seeked the help of the BPI Family Savings Manager and told her my BDO story. She said if I had checked the money while on the counter and thought that the money was suspected as fake, then the bank will have no reason but to replace it. But since I have already taken it out of the bank, and used it to pay for other transactions, and the money was later found to be fake, the bank hold no liability or obligation to replace the said money.
Huh?
This means one thing, I was robbed of my One Thousand Bill. This day has just turned crappier. Paging, Warrior Lawyer, help, if you can!!
* * *
For those who has no idea what I was talking about, the previous post can be found here:
Whose to Say if it was a Fake?
Read MoreWhose to Say if it is really a Fake?
This is in continue to my previous post, here.
Since the money I got from BDO was only P1,500, there was no other choice but to use the suspected fake one thousand. My neighbor who owns a store thinks the money is okay so I used it to pay for some goods.
Then she herself used it to pay for some stuff she got from Procter and Gamble and they came to see me today to say that THEY suspect that the money is a fake however, since their bank has not officially identified as a fake, the money will remain a suspected fake. Dang!
Read MoreBeware of Fake Currency
I went to BDO today to take some cash. Since the ATM machine was being serviced, I was prompted to withdraw over the counter. I only needed P1,500 so the teller gave me one one thousand bill, 2 two hundred bill and a 50 peso bill. Since my account was held in Manila, they charged me P50 for the withdrawal since my account was out of town.
When I got home, my water delivery guys came and I paid them with my One Thousand Bill. Since they did not have any change, they promised to return in a few minutes to get the change since they are buying gas at the nearby Shell Station. I said okay since the water company has been delivering my water for the past 6 months and they have been very reliable with delivery and such.
After an hour, they came back and told me my money was fake and the Shell Station refused to take my money– as they tried to pay their gas with the One Thousand in order to get some change. I looked at them and stared them down to see if they were lying. Ofcourse none of them even blinked (they said blinking or looking at the left side might be a sign of deception). They said that the Shell people thinks my bill was a fake. So I took the money back and asked why they think it was fake. They said it felt funny. Ofcourse, it felt funny, my then crispy bill from the bank was now soft, thanks to the manhandling of the Shell people. They have rubbed and crumpled my bill until it turned into mush. I flipped the money and checked if the shadow (konsensya) was present and it was! The usual marker or ribbon like material weaved on the bill was also present. Apart from the soft texture of the bill, they appear alright to me.
So what now?
What if the bill was indeed fake? Where did exactly did it come from? The only place where I got the money was straight from BDO, unless those water people switched my bill with a fake one. If the money indeed came from BDO, were they liable for giving out fake currency? If someone unwittingly passed on a fake currency to you, what are you supposed to do? Can we just return the fake bill and be replenished? Perhaps, I can test this and go to BDO 2 days from now and check if they will replace the said bill. Hmmm…
This also reminded me of an old email from my husband’s colleague and she actually complained that BDO in SM Megamall gave her 2 fake One Thousand Bill. This happened years ago. With the holiday related spending on the rise, we should be wary of bills exchanging on our hands. According to the water guys, they actually got fake Two Hundred Peso bills last week. They have been forewarned and is on the lookout for fake Thousand Bills too.
I checked online and did not really find anything substantial about what the government can do in the event a fake currency falls into our hands, apart from yes, you can get into prison for passing fake currency around. But, how about on instances wherein you have no idea you were totting a fakie?
According to the Bangko Sentral ng Pilipinas although the counterfeiters have more sophisticated techniques in generating fake currencies, there are some easy ways to spot a fake currency.
The color is too vivid
The paper is too smooth.
The shadows were not present
The ribbon weaved into the paper is not even there.
If you suspect a fake bill, you can report it to the nearest police station. Doing so will help you trace where the fake might have originated. There is however no clear guidelines on how one can get a refund if lets say the counterfeit indeed came from a legal institution like your own bank or even a huge retail store (for example SM). We just have to be careful and be vigilant as bills exchange our hands.
Read MoreBeware of Fake Currency
I went to BDO today to take some cash. Since the ATM machine was being serviced, I was prompted to withdraw over the counter. I only needed P1,500 so the teller gave me one one thousand bill, 2 two hundred bill and a 50 peso bill. Since my account was held in Manila, they charged me P50 for the withdrawal since my account was out of town.
When I got home, my water delivery guys came and I paid them with my One Thousand Bill. Since they did not have any change, they promised to return in a few minutes to get the change since they are buying gas at the nearby Shell Station. I said okay since the water company has been delivering my water for the past 6 months and they have been very reliable with delivery and such.
After an hour, they came back and told me my money was fake and the Shell Station refused to take my money– as they tried to pay their gas with the One Thousand in order to get some change. I looked at them and stared them down to see if they were lying. Ofcourse none of them even blinked (they said blinking or looking at the left side might be a sign of deception). They said that the Shell people thinks my bill was a fake. So I took the money back and asked why they think it was fake. They said it felt funny. Ofcourse, it felt funny, my then crispy bill from the bank was now soft, thanks to the manhandling of the Shell people. They have rubbed and crumpled my bill until it turned into mush. I flipped the money and checked if the shadow (konsensya) was present and it was! The usual marker or ribbon like material weaved on the bill was also present. Apart from the soft texture of the bill, they appear alright to me.
So what now?
What if the bill was indeed fake? Where did exactly did it come from? The only place where I got the money was straight from BDO, unless those water people switched my bill with a fake one. If the money indeed came from BDO, were they liable for giving out fake currency? If someone unwittingly passed on a fake currency to you, what are you supposed to do? Can we just return the fake bill and be replenished? Perhaps, I can test this and go to BDO 2 days from now and check if they will replace the said bill. Hmmm…
This also reminded me of an old email from my husband’s colleague and she actually complained that BDO in SM Megamall gave her 2 fake One Thousand Bill. This happened years ago. With the holiday related spending on the rise, we should be wary of bills exchanging on our hands. According to the water guys, they actually got fake Two Hundred Peso bills last week. They have been forewarned and is on the lookout for fake Thousand Bills too.
I checked online and did not really find anything substantial about what the government can do in the event a fake currency falls into our hands, apart from yes, you can get into prison for passing fake currency around. But, how about on instances wherein you have no idea you were totting a fakie?
According to the Bangko Sentral ng Pilipinas although the counterfeiters have more sophisticated techniques in generating fake currencies, there are some easy ways to spot a fake currency.
The color is too vivid
The paper is too smooth.
The shadows were not present
The ribbon weaved into the paper is not even there.
If you suspect a fake bill, you can report it to the nearest police station. Doing so will help you trace where the fake might have originated. There is however no clear guidelines on how one can get a refund if lets say the counterfeit indeed came from a legal institution like your own bank or even a huge retail store (for example SM). We just have to be careful and be vigilant as bills exchange our hands.
Read MoreOn the Lookout– New Local Bank
There is no doubt that I am on the lookout for another bank. I am greatly dissatisfied over the performance of Banco de Oro especially with their poor internet banking facility. Darn it! My family used to have accounts with Citibank and their internet facility is up to the nines. Transferring funds here and abroad is such a breeze. Paying for bills online can be done with a click of the mouse.
I even had a claims dispute years ago with Citibank, of which I was charged 5 times of the same magazine subscription and after I complained, the amount was credited back to my account the next day. It was such easy breezy operation that I am dumbfolded over the internet banking facility of Banco de Oro when it is supposed to be one of the biggest banks in the country.
Years ago, I also held an account with Metrobank and years ago, the local banks were just starting their online facilities. Metrobank‘s interface was not very good but it was fast rendering. I have never tried their bills payment facility since my Citibank was doing that job efficiently. Paying PLDT and Meralco online was so convenient.
Now I am on the hunt for a new bank. I want a bank that has Banco de Oro’s late hours, and with Citibank’s outstanding internet facility. Is there any bank that fit the bill?
Feedback, anyone?
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