Do you want to Make Money and Grow Money?

YES, I want it!


By: Marvin Germo | June 8, 2019

Technology Is Advancing

It’s a good thing to know that the Philippines is on its road to becoming more digital than ever. Imagine the benefits of technology to investors and entrepreneurs. Take a look at those 1-million trading accounts that are brought by the emerging online trading. Without advancing technology, I couldn’t think of any way that could expedite the process of almost everything today. Investing and saving are made easier because of online accounts that you can easily set up just by connecting to the internet. And now that we are in a phase of online saving, should you switch to digital banking than the traditional way of going to brick and mortar banks? Let me share with you some of my insights about digital banking.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

Stock Smarts Manila —  June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

Better Rates, Lower Charges

One of the best pros I consider about digital banking is the better rate that comes with lower fees. Say, for instance, ING Philippines has recently opened their digital banking to the public wherein you can earn as much as 2.5% P.A on your deposits. This is higher than the normal rates offered by other banks! So, if you’re looking for a bank that can offer you competitive percent per annum, I recommend you to try opening your accounts and saving in a digital bank.

Online Experiences Are Better

Switching to digital banking gives you access to better online experiences. This means that since it’s a digital bank, all activities will be done online, including the deposits and transfers. To set an example, the new digital banking of ING Philippines allows depositors to fund their accounts by taking a picture of their checks. That’s how convenient digital banking is. You don’t have to go to the physical locations of your banks and fall in line for hours. However, before you go for this kind of experience, make sure that you are prepared to deal with minor technical issues like the app not being able to read your check.

The Need For ATMs

Before you switch to a new and advanced kind of banking, ask yourself first—are you ready to forget about withdrawing from ATMs and do everything online? If your answer is no, then it’s not time for you to leave your traditional banks. Digital banks aim to give depositors an experience wherein they don’t have to go physically to the banks just to withdraw and deposit funds. Their goal is to do transactions at the comfort of your home while connected to the internet. And basically, they won’t be having any machines that could spit out cash anytime.

Talking To Customer Service Representatives

Keep in mind as well that when you switch to digital banking, you will have to talk the customer service representatives through chats or phone calls. If you still want a face to face interaction with bankers, I suggest that you do the traditional way of banking since not everyone is satisfied just by calling. Digital banking is not for everyone so if before you switch to his advancement, make sure you are prepared to experience the cons.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book