February 23, 2012

BDO Cash card

Today, my parents send me money or the company send me salary through BDO Cash card. What is a BDO Cash Card? BDO cash card is just like a reloadable card. It does not earn interest and has no maintaining balance unlike the savings account card. However, you can get money from the ATM machine.

There are three types of cash cards. The first one is the Retail Pre-Embossed cash card in which the card contains no name and the maximum balance that you could send in the card is P10, 000. You can get this card three working days after you applied. The second one is Retail Embossed cash card in which it contains the name of the owner with a maximum balance of P25,000 and can be get 14 working days from the day that you applied. The last one is the Corporate Embossed card in which you need a corporate ID because the sender can send you up to P100, 000.

In my case, I got the Retail Embossed card. I just presented one valid ID with photocopy and paid only P120. However, when applying and sending money you need to go the BDO bank in the morning because the system only works during that day. Moreover, the sending of money is free if you only send one cash reloading slip however if you have two cash reloading slips, you need to pay the other cash reloading slip.

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