What is UCPB CIIF?
UCPB-CIIF Finance, one of the social development arms of the UCPB Group and the Coconut Industry Investment Fund (CIIF) Group, is tasked with delivering credits to the countryside in keeping with the two groups’ common mandate to help improve the living condition of coconut farmers.
Is UCPB different from UCPB Savings Bank?
As a result of the merger, its corporate name was changed to United Savings Bank and then to its current name, UCPB Savings Bank Inc. On December 29, 2005, the merger of UCPB Savings Bank and UCPB Rural Bank, UCPB Savings Bank as the surviving entity, was approved by BSP/SEC.
Is UCPB owned by the government?
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, is a government-controlled and one of the largest banks in the Philippines, ranking within the top twenty banks in the country in terms of assets.
What type of bank is UCPB Savings Bank?
domestic savings bank
UCPB Savings Bank, Inc. (the “Bank”) is a domestic savings bank, incorporated on October 18, 1962 to provide services such as deposit-taking, loans and domestic fund transfers. The Bank is a 97.4%-owned subsidiary of United Coconut Planters Bank (UCPB).
How much does it cost to open a UCPB account?
For Account Opening Requirements, please click here.
| Product | Initial Deposit Requirements | Minimum Monthly Average Daily Balance (MADB) Requirement |
|---|---|---|
| Peso | ||
| Regular Savings Account with ATM Card | ₱2,000.00 | ₱2,000.00 |
| Regular Savings Account with Passbook | ₱10,000.00 | ₱10,000.00 |
| CheckStarter Account | ₱1,000.00 | ₱1,000.00 |
What is the purpose of UCPB?
To be the bank of choice of the middle and consumer markets by providing personal and proactive service and innovative products. We will continue to provide personal and proactive service that effectively responds to the diverse and dynamic needs of our clients.
Who is the owner of UCPB?
The government
The government now owns 97 percent of United Coconut Planters Bank (UCPB), the Department of Finance (DoF) announced on Friday.
Why is UCPB?
With a multi-channel service delivery network consisting of 188 branches, over 300 ATMs, electronic banking facilities, UCPB has the capability to meet clients’ needs anywhere in the country, and provide certain critical services 24/7. UCPB is a key player in countryside development as well.
Is UCPB a universal bank?
Established in 1963, UCPB was the first private Philippine bank to become a universal bank, obtaining its expanded commercial banking license in 1981. Today, the Bank and its subsidiaries operate nationwide delivering a full range of expanded commercial banking services to a highly diversified clientele.
Can I withdraw 100 pesos in UCPB?
How much can I withdraw using my UCPB Visa Debit Card? The default limit for ATM cash withdrawals is Php 20,000 per day. The daily default limit for POS purchase transactions is Php 100,000 (or the Philippine Peso equivalent for foreign currency transactions).
How much do I need to open an ATM?
Renting out commercial space for ATMs will give you a monthly fixed rent but you will have to bear the expense of giving security deposit at the beginning which is 2-3 Lakh.
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What does UCPB leasing and Finance Corporation do?
UCPB Leasing and Finance Corporation provides leasing and commercial financing to medium-sized companies. UCPB Securities, Inc., an active member of the Philippine Stock Exchange, is the Bank’s securities arm which provides clients with access to the Philippine capital market.
What kind of banking services does UCPB offer?
For more than 52 years, UCPB has been at the forefront of Philippine banking, delivering a full range of products and services in consumer finance, commercial credit, corporate and investment banking, trust banking, domestic and international trade finance, treasury and money market investment, cash management and deposit services.
What does UCPB do for the coconut farmers?
Through the UCPB- CIIF Finance and Development Corporation and UCPB-CIIF Foundation, it implements various programs that benefit coconut farmers and their families. UCPB has a diversified range of financial services provided by the Bank and its subsidiaries to its various clients.
Who is the Consumer Protection Department of UCPB?
UCPB IS A FATCA-REGISTERED PARTICIPATING FOREIGN FINANCIAL INSTITUTION. UCPB is regulated by the Banko Sentral ng Pilipinas. For inquiries or complaints, you may contact our Customer Relations Center at (02) 8811-9111 / [email protected] or the BSP Financial Consumer Protection Department at (02) 8708-7087 / [email protected].