The Columns is home to may Megacitizens but the area is also frequented by non-residents because of its restaurants. This includes Kopiroti, New Bombay, Joey Pepperoni among others. It is also home to one Bank of the Philippine Islands branch.
Opening a bank account at a Philippine bank will get you a national debit/credit card that you can use for most of your transactions in the Megacity. Local debit or credit cards makes cashless shopping available and enables you to withdraw from any ATM anywhere in the country.
To cheque or not to cheque, that is the question. Cheques are very common in the Philippines. They are used to issue wages or to hand over as security when renting an apartment. Will you be needing an account for cheque payments during your stay in the Philippines?
Planning to open a Philippine bank account while you are in the country? Take a look at bank requirements here.
You can find ATMs of the different local (and some international) banks everywhere across the city. Most ATMs are situated inside malls, banks and on the outside walls of banks. The latter are accessible 24/7. Outside the Megacity, there are still ATMs in every town. If you plan to go to the deepest countryside or smaller village, though, you might not be able to find an ATM for a while.
Home to the headquarters of many banks and major companies, some call it the Wall Street of the Philippines: Ayala Avenue is the main road of Makati's business district, framed by flashy skyscrapers on both sides of the road.
Driven by a vision to improve people’s lives, the Asian Development Bank (ADB) based in Manila targets its investments wisely to help alleviate poverty. From infrastructure to health services to the improvement of public administration systems, ADB has always aimed to lend a helping hand.
"Money makes the world go round". Philippine money, like other currencies, started out as gold, but at the Money Museum in Manila, there is more to it than that. The museum in the Philippine Central Bank is dedicated to the evolution of the country’s currency, the Philippine peso.
Banks are regularly open from 9 am to at least 3 pm. Some, like the Bank of the Philippine Islands, operate until 6 pm. Banks outside the Megacity may close earlier. All banks are closed on national and on many special holidays.
As there is no other choice than Meralco, a word of advise regarding electricity consumption has to be given: The Manila Bulletin reported in 2011 that the country has the most expensive electricity in the whole of Asia.