#Financial Advice

The CIMB Bank is offering PHP 10,000 financial assistance to customers who have contracted the COVID-19 virus. To qualify for the financial aid, customers must be a CIMB Savings or Cash account holder. Once qualified, interested parties may claim their PHP 10,000 financial aid by sending these documents to [email protected]: Valid Medical Slip including the patient's full name confirming that the patient has COVID-19 The mobile number and email address registered to the patient's CIMB Deposit Account. The financial aid will be credited to the patient's CIMB Savings account or GSave account within three business days. CIMB's financial aid for COVID-19 will be available to CIMB bank account holders starting March 20 to June 2020. GCash has introduced Pera Coach, an AI-powered financial assistant built into the GCash app to help users understand basic money management, saving, and investing. Pera Coach is meant to address gaps in financial literacy in the Philippines, where many users can now access digital financial services but still struggle to understand more advanced products. GCash cites a 2021 Bangko Sentral ng Pilipinas (BSP) survey showing that only 2% of Filipino adults were able to correctly answer six basic financial literacy questions, underscoring the need for clearer financial education. Read more in our articles including "Mark Z asks Suze Orman if he can buy Twitter" and "CIMB Bank offers PHP 10,000 assistance to customers who have contracted the COVID-19 virus".