00:00 A working student was in tears after discovering that his mother ate the money he saved.
00:05 He lost P14,000.
00:08 Here is the first news of Jamie Santos.
00:11 It was hard. After what happened, my mother ate it.
00:19 Randy, a student, was in tears after he saved money from being a working student.
00:27 He has nothing left. He's going to be a fool.
00:30 He hid P20,000 in a box made of cardboard and covered with plastic.
00:37 His mother ate more than half of it, equivalent to P14,000.
00:42 I was just laughing at that time. I was blanking.
00:46 Randy's friend was the one who discovered what happened.
00:49 When he left, the box was broken.
00:55 When he went to the balcony, he found something.
00:59 It was like something was moving.
01:03 Randy is now graduating from the course of Information Technology.
01:07 But the problem now is his enrollment in the school.
01:11 What happened to Randy's money?
01:13 As part of the mutilated banknote,
01:17 according to BSP Circular No. 829, Series of 2014, there are three requirements to replace the money that was lost.
01:26 60% of the money should still be left.
01:30 Any part of the signature of the BSP Governor or President of the Philippines should be left.
01:36 Third, the security thread that should be seen in the money that was lost.
01:42 Aside from the fact that the security thread was lost or damaged due to fire, chemical, wetness,
01:48 and water or like a plague, the money that was lost should be brought to the authorized bank.
01:54 The bank will bring it to the BSP for inspection.
01:58 If the money that was lost exceeds the requirements, the BSP will deposit the money in the account of the bank
02:04 so that it can be returned to their client.
02:07 The problem is that Randy's money is getting more and more expensive and the land is getting more and more.
02:13 Only P6,000 is left in his savings.
02:17 Before, the public was begging the BSP to deposit the money in formal accounts like banks, e-money issuers, microfinance institutions, and cooperatives.
02:28 It is said that these are regulated by the BSP and other agencies.
02:32 That's why the money can be more protected than saved at home.
02:36 Since she was a child, she has been saving in installments.
02:40 She tried using the allowance but she stopped.
02:44 That's why the money that she saved is directly deposited in the bank.
02:47 The mother has a house.
02:49 Second, when the money comes in another year, it is no longer usable.
02:56 You have to exchange it to the bank and sometimes it gets damaged.
03:00 So you don't trust the allowance holders?
03:04 Yes. And there is a tendency for the money to be stolen.
03:08 Unlike the banks, it is safe.
03:11 Day was the one who brought the allowance.
03:14 It was said that the typhoon Ondoy destroyed all of his brothers' allowances.
03:19 That's why the money he saved was lost.
03:21 The typhoon Ondoy was the one that destroyed our brothers' allowances and we lost our savings.
03:27 That's why after that, we learned, our parents taught us to use the bank.
03:33 This is the first news.
03:35 Jamie Santos for GMA Integrated News.
03:39 [News broadcast]
03:52 [BLANK_AUDIO]
Comments