Thursday, March 7, 2019

Cebuana Lhuiller launches easier, more convenient way to save through micro savings product

One of the country's leading microfinancial services company, Cebuana Lhuiller launched the Cebuana Lhuiller Micro Savings. This product will provide Filipinos with a more convenient and affordable means to save their hard-earned money.

Cebuana Lhuiller Micro Savings is Cebuana Lhuiller's response to BSP's call for financial inclusion. In 2018, the Bangko Sentral ng Pilipinas (BSP) released circular order 992 also known as the Basic Deposit Framework which eases the process of opening a bank account. Through the circular, anyone can open a basic deposit account for less than Php100, with no maintaining balance and dormancy charges.

Cebuana Lhuiller Micro Savings launch with Senator Chiz Escudero

Opening a Cebuana Lhuiller Micro Savings account requires only one valid ID and a minimal Php50 initial deposit. And because of Cebuana Lhuiller's wide network of branches comprised of 2,500 retail infrastructures, account holders can deposit and withdraw anywhere at their most convenient hours.

The minimum cash deposit is Php50 while the maximum cash deposit is Php50,000. For withdrawal transactions, the minimum amount is Php100 and the maximum amount is Php5,000. Cebuana Lhuiller Micro Savings account earns interest per annum if the account has an average daily balance of Php500.

For more info, you may contact Cebuana CARES team at cebuanacares@pjlhuiller.con or you may visit Cebuana Lhuillers facebook page.

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