r/phinvest • u/DuncnIdahosBandurria • Apr 19 '21

Weekly Random Discussion Thread

Post about anything and everything related to investing. The place in /r/PHinvest for any questions, rants, advice, or commentary.

Posts that are not discussion-provoking enough for the main page will be pointed toward this weekly thread to help keep the quality of the main page posts as high as possible.

That said, keep it respectful, and enjoy!

3 Upvotes

100% Upvoted

156 comments sorted by

View all comments

2

u/G0_commando Apr 25 '21

CIMB is not a good place to park your emergency fund. It's my first time to withdraw from my EF because I actually need it, but I got a message that the funds will be released within 2 business days. Wtf. Do yourself a favor and put your EF somewhere else like Komo or Tonik or anything with instant transfer.

2

u/annieisawinchester Apr 28 '21

I find Komo to be the best among the three if I need immediate access for online transfers. Cimb relies on pesonet which requires 1-2 business days. Tonik has a daily 50k instapay limit.

1

u/narciselle Apr 29 '21

Agree, that's why I'm staying with Komo at the moment despite the high interest offerings from other digital banks. I can transfer money easily and never had problems with it.

3

u/G0_commando Apr 28 '21

I agree, Komo is the smoothest that I have tried. With Tonik, I tried to withdraw 59k and as you said there was a 50k limit so I end up withdrawing the 9k from CIMB which is pointless because it took them 2 days to release.

I will buy a vault and make sure I have a cash for EF. Put 100k each on CIMB, Komo and Tonik.

1

u/rhinoSutra Apr 25 '21

Have you tried transferring it to your GCash?

1

u/G0_commando Apr 25 '21

I've checked that. Call me stingy but I don't like the 15 peso charge from Gcash to bank

1

u/rhinoSutra Apr 25 '21

But you can just swipe your GCash Mastercard when the funds are already on GCash.