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Citystate Savings Bank’s Lion King Club

Citystate Savings Bank, Inc. was registered with the SEC on May 20, 1997. The Monetary Board of the BSP granted the Bank a license to operate as a thrift bank on August 7, 1997. The Bank was envisioned to become a major thrift bank and a strategic partner in the development of the SME market in the Philippines.

The Bank began its commercial operations on August 8, 1997 when it opened its first branch located in the Dominga Building in Chino Roces corner Dela Rosa Streets in Makati City. The Bank's principal and administrative offices are currently located at Citystate Centre Building along Shaw Boulevard in Pasig City, Metro Manila.

Citystate Savings Bank is a member of BancNet and the PDIC.

The Lion King Club

The Lion King Club is an exclusive, elite club of Citystate Savings Bank depositors. Once you open a savings or checking account at the bank and maintain a minimum balance of one hundred thousand pesos (Php 100,000) for 30 days, you automatically become a member of the Lion King Club for the whole year.

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How to spot fake money

Do you know what makes a Philippine Peso bill a fake? If you don’t, these pointers from the Bangko Sentral ng Pilipinas (BSP) on how … Read More

Fake PayPal email

Now that you have a PayPal account, you should be wary of emails you receive supposedly from PayPal. Although the email might have a header and logo similar to that of PayPal, most of these are actually phishing mails intent on stealing your personal information.

More information about phishing, how to check if an email is fake, and ways to protect yourself from phishing can be found in the What is Phishing? article. A sample phishing website is explained in the “Beware of the fake egold website!” article.

Yesterday we received an email purportedly from PayPal asking us to login to the site to update our personal records. Failure to do so, the email says, will result in account suspension. Here’s a screenshot of the email.

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How to deal with debtors who are not paying? Shame them

Here's one "best" practice entrepreneurs won't learn in any school: If you've tried all options and yet debtors still aren't paying, try shaming them.

Bartolome Malacura, a 70-year old sari-sari (retail) store owner in Davao, did precisely this by advertising the names of his debtors in front of his store. Believe it or not, the plan worked, said Mr. Malacura. Read on.

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Link UnionBank EON or credit card with PayPal

As of October 2007, the previous “Send-Only” PayPal Philippines accounts have been upgraded to “Send-Receive-Withdraw” status, meaning, PayPal users in the Philippines can now send, receive AND withdraw PayPal funds.

With this feature, can now directly withdraw Paypal funds to your bank account, credit card or debit card.

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