I have this checking account under Rizal Commercial Banking Corporation or RCBC for 8 years now. It all started with on offer of personal loan to me from the said bank 8 years ago. When I accepted the offer I need to pay it through post dated checks. I do not have one that time so I open this checking account with their bank. At first I am using the account exclusively for that loan. Subsequently, said account is being used to as depository bank for any of my loan proceeds and loan payments as well with other banks.
Being a professional and a businessman, I need a checking account to deal with my other financial transactions. Applying for a loan will be more easy to get an approval if I will declare payment through post dated checks (PDCs). In that way, the loan bank is more assured of my obligations as a borrower. On the other hand, I find it easy to pay loans under my checking account so I do not need to go to different banks settling my obligations. I just need to fund my checking account with the exact amount of my loan before the due dates.
So far so good. I can communicate with bank representatives from RCBC Pearl Drive regarding any concern or issue on my account. Although phone conversation is limited only on some information about my account. They are very strict when it comes to money matter inquiry over the phone and I do understand that.