Would just like to share what I have realized so far with maintaining a minimum balance in your EON Cyber Account.

A few months have already passed and with a minimum balance in my account, it seems that the interest that I earned wasn’t really around the amount I thought it would earn.

I earned around less than five pesos every month. Not sure if its just because of the mimimum or with the little excess added in my account.

I just have to wait and see if things would change if Twenty thousand would be in my account. Would it earn me less than ten pesos or not?

Anyone out there who already did this? Would like to hear your experiences or ideas about it. I sure don’t have much idea about banking really (-_-”)

actually the reason why i created this blog is to share my personal experiences with readers like you =).. i hope in my own little way i was able to help. and from time to time you visit this blog or you can probably join the discussion forums =)

for any feedbacks and comments, feel free to message me here anytime =)

First time ko kasi mag debit card, I’m only going to use this to verify my paypal account. Kala ko kasi they will send a demand letter obliging you to pay the dormancy fee…my bad:)

Thank you so much for answering my queries. I am glad to have bumped into your blog. You have been a great help for people like me….

Keep up the good work!

If you still have a balance in your card to deduct the dormancy fee and you are still planning to use the account i think it is possible. But if your current account balance can’t deduct the dormancy fee, it would close the account automatically. This is my understanding… san nya idededuct yung fee diba?

I find this info useful when dealing with dormancy and inactive accounts:

Inactivity Charges
No Transaction Penalty (no transaction for 1 year)
—> PHP 200.00 per month starting on the end of 12th month of inactivity until the account becomes dormant
Dormancy Charge (no transaction for 2 years)
—-> PHP 500.00 per month starting on the end of 24th month of inactivity

http://www.unionbankph.com/index.php?option=com_content&view=article&id=926&Itemid=286

* Ooops, and one more thing pala… *** Transaction involves, depositing and withdrawal … balance inquiry is not considered a transaction by the way. I actually verified this to one bank officer coz i got confused before. I hope able to help you with your query.

Why not deposit something in your account. it might come in handy when needed. Ako nga i decided not to close the account sayang e. Medyo mahirap din mag apply ng bago kasi medyo mabagal service ng unionbank not unless meron ibang services yung ibang Banks like BDO or BPI which is better.. well those am not yet aware of. =)

I have a question regarding the inactive/dormancy fee. How are they going to charge with that in case your account has zero balance or lets say you decided not to use the card for a long time, are they going to bill you for that? Or they will just deduct the dormancy fee once you deposited money again to your account?

Excuse my ignorance but Im really new to this EON card.

1. Punta po kayo sa Union Bank. Sabihin nyo sa front officer kuha kayo ng EON Card. Normally 1-2 weeks ma release na EON card nyo it takes to 3-4 weeks pag malayo kayo.

2. Put some amount sa Union Card Account nyo say around 300-500 Pesos pde na. Kaylangan kasi eto ng paypal na may laman ang card para ma verification process, after maverify ma-rerefund naman ng paypal ang initial amount na macharge sa card mo.In short magkakalaman ng balance yung paypal amount nyo.

3. mag register po sa paypal then input mo yung card info mo. May charge.. pero yun nga e rerefund nman nila pag na verify na eon card mo. Then after registration.. ang paypal ay hihingi ng verification number.

4. Mag email po kayo pero mas maganda tumawag sa “Support ng Union Bank” para mabilis at hingin ang verification number na pinadala ng paypal. Makikita kasi ang number na ito sa transaction ng paypal nuong nag charge siya ng amount sa EON card mo or pwede din online via union bank cyberaccount.

5. Pag nakuha na po ang number from Union Bank ay e verify agad sa paypal account mo. Kelangan naka login po kayo sa paypal account nyo sa http://www.paypal.com . Pagktapos po e pwede kanang mag withdraw ng funds sa paypal.

6. Sa pag withdraw naman. Gamitin ang “Transfer to Bank Account” kasi mas mura ang charge ng transfer kaysa gamitin mo and EON. Sa aking experience 100php ang charge ng banko. Ang ganamit ko ay ATM account ko sa PNB.

7. Kung kaylangan nyo ng Bank Code. E google lang ang “paypal bank code” at makikita niyo ang list ng bank code for paypal.

Yun po. start your business na!!!! =)

Libre po ang account signing sa paypal kaya magmember na po kayo =)

I’m just wondering on the interest that UnionBank’s EON card would offer. 0.500% when you maintain a minumum of Php 10,000 in your account. That means you would earn Php 50 per month?

Has anyone really earned an interest like that with their EON card?

Thank you again.