{"id":716,"date":"2025-04-16T07:35:21","date_gmt":"2025-04-16T07:35:21","guid":{"rendered":"https:\/\/kensmartips.com\/finance\/?p=716"},"modified":"2025-04-16T07:35:21","modified_gmt":"2025-04-16T07:35:21","slug":"%f0%9f%8f%a6-guide-to-bank-accounts-for-beginners-what-why-how-finance-from-scratch-%f0%9f%92%b0","status":"publish","type":"post","link":"https:\/\/kensmartips.com\/finance\/?p=716","title":{"rendered":"\ud83c\udfe6 Guide to BANK ACCOUNTS for BEGINNERS (what, why, how) | Finance from Scratch \ud83d\udcb0"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/eC5riudKJG8\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>Welcome back to an episode of Finance from Scratch \u2014 where we learn finance concepts, from scratch. In this video, we&#8217;ll be talking all about BANK ACCOUNTS \ud83c\udfe6<\/p>\n<p>\ud83d\udccc Learn more about Chinabank&#8217;s new MyCBC app<br \/>\n\u2023 App Store: https:\/\/apps.apple.com\/ph\/app\/chinabank-my-cbc\/id6465135914<br \/>\n\u2023 Playstore: https:\/\/play.google.com\/store\/apps\/details?id=ph.chinabank.digital&amp;pcampaignid=web_share<\/p>\n<p>We&#8217;re going back to the basics! Getting a bank account is usually the very first step in everyone&#8217;s personal finance journey. When you\u2019re just starting out with managing your finances, these could get pretty overwhelming at because of the many options available \ud83d\ude35\u200d\ud83d\udcab<\/p>\n<p>This is a beginner&#8217;s guide to bank accounts! This video will tell you everything you need to know about bank accounts, as well as the common bank terms and tools, so that you can confidently walk into a bank and open your first (or additional) bank account like a boss! \ud83d\ude0e\ud83d\udcb5<\/p>\n<p>We\u2019ll be talking about a lot of things: First, we\u2019ll define WHAT banks and bank accounts are, then we\u2019ll talk about one of the main reasons WHY you need a bank account, then we\u2019ll talk about HOW to open your first bank account!<\/p>\n<p>\ud83e\udd14 About the Sponsor<br \/>\nChinabank is a universal bank in the Philippines with over 100 years of banking experience and history. They offer a full range of banking products and services (i.e. savings, investments, cards, loans, insurance). They recently (re)launched their mobile banking app: MyCBC.  They unveiled a lot of new features! Some exciting features to look forward to: View eStatements (account, UITF, credit cards), Transfer Money (via Instapay or PESONet &amp; QR Payments), Pay Bills (more than 1,000 billers available), Mobile Check Deposit, and more!<\/p>\n<p>\ud83d\udcda Additional Resources<br \/>\n\u2023 BSP Regulations on Banks: https:\/\/www.bsp.gov.ph\/Pages\/Regulations\/GuidelinesOnTheEstablishmentOfBanks\/GuidelinesOnTtheEstablishmentOfBanks.aspx<br \/>\n\u2023 A Guide to PH Bank Charters: http:\/\/asianbanks.net\/HTML\/Countries\/PH\/PHcharters.htm<\/p>\n<p>This is Finance from Scratch: a new series where we&#8217;ll talk and learn about finance concepts from scratch! Guaranteed \u2014 Beginner bobo friendly \ud83d\udc4c\u2728<\/p>\n<p>We\u2019ll cover the stuff I talked about more in-depth in future videos. Share your thoughts, comments, and feedback in the comments section!! What do you think of this new series? What other topics do you want me to cover?<\/p>\n<p>\ud83d\udcb0 Previous episode https:\/\/youtu.be\/L3tcV7aOx5A<br \/>\n\ud83e\udd11 Guide to SAVINGS for beginners: https:\/\/youtu.be\/_jrUzpd-WPg <\/p>\n<p>If you want to work with me, help me, or collaborate with me in making this series the best it can be, reach out to me through email! I&#8217;d love to explore potential ways we can work together \ud83c\udf5e<\/p>\n<p>\ud83d\udce9 Email: alba.nicoleee@gmail.com<\/p>\n<p>======<\/p>\n<p>\ud83c\udfe6 Banks, E-Wallets, Stocks<br \/>\nMaya: Get Php100 when you use \u201c2Y817PZMNN84O\u201d to sign up and upgrade your account<br \/>\nUnionbank PlayEveryday: Use \u201cUBNOW-NA0920016\u201d  to get 300 PlayPoints<br \/>\nGCash: Get \u20b150 https:\/\/bit.ly\/2ZyrLWy &#8211; sign-up, verify, and cash-in<br \/>\nShopBack: Get \u20b1100 at http:\/\/bit.ly\/nicoleshopback<\/p>\n<p>\ud83d\ude80 Crypto Platforms<br \/>\nGuide to Bitcoin https:\/\/www.bitskwela.com\/ref\/nicolealba<br \/>\nCrypto.com: Get $25 in CRO when you use my code &#8220;nicolealba&#8221; or sign-up at https:\/\/crypto.com\/app\/nicolealba<br \/>\nBinance: Sign-up and get 10% discount on fees https:\/\/bit.ly\/Nicole-Binance or use code &#8220;YBY3MNM9&#8221;<br \/>\nPDAX: Use \u201cnicole\u201d to get \u20b130 when you deposit a minimum of \u20b11,000<\/p>\n<p>Note: The section above contains affiliate codes\/links, which means I may get a reward when you use them. Don&#8217;t worry, there&#8217;s no additional cost to you, but these help support the channel. So, thanks in advance \ud83d\udc99 <\/p>\n<p>======<\/p>\n<p>\ud83d\udd70TIMESTAMPS:<br \/>\n00:00 Introduction<br \/>\n00:51 Video Outline (what, why, how) + Chinabank&#8217;s new MyCBC App!<br \/>\n02:04 WHAT are banks? WHAT is a bank account?<br \/>\n02:43 WHAT: Basic bank terms<br \/>\n05:33 WHAT: Types of banks in the PH<br \/>\n06:18 WHAT: 3 types of bank accounts &#8211; Savings, Checking, Time Deposit<br \/>\n09:50 WHY do I need a bank account?<br \/>\n10:37 WHY open a &#8220;regular&#8221; bank account vs. digital bank account<br \/>\n13:10 HOW do you open a bank account? (requirements)<br \/>\n13:40 HOW do you choose a bank? (+ Chinabank&#8217;s MyCBC App Walkthrough)<br \/>\n16:07 HOW many bank accounts do I need?<br \/>\n16:37 What do you think of this series? Comment thoughts &amp; future topic requests!<\/p>\n<p>======<\/p>\n<p>\ud83e\udd1d Where to find me<br \/>\nFacebook https:\/\/www.fb.com\/alba.nicoleee<br \/>\nInstagram https:\/\/www.instagram.com\/alba.nicoleee\/<br \/>\nTikTok https:\/\/www.tiktok.com\/@nic.alba<br \/>\nEmail: alba.nicoleee@gmail.com<\/p>\n<p>\ud83d\ude80 Subcount: 473,048<\/p>\n<p>&#8212;<br \/>\n\ud83c\udfe6 Guide to BANK ACCOUNTS for BEGINNERS (what, why, how) | Finance from Scratch \ud83d\udcb0<\/p>\n<p>Learn Personal Finance for Beginners \/ Personal Finance Philippines \/ How to Personal Finance \/ Step-by-Step Personal Finance \/ Financial Literacy \/ Financial Education \/ Easy Guide to Personal Finance \/ Filipino Guide to Investments 101 \/ Bank Accounts 101 \/ Personal Finance 101<\/p>\n<p>FTC: This video is sponsored by Chinabank<\/p>\n<p>Disclaimer: This video is NOT financial advice. Form your own opinions so that you can properly decide on what to do with the information you learn from this video.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome back to an episode of Finance from Scratch \u2014 where we learn finance concepts, from scratch. 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