Cebuana Lhuillier has always been at the pinnacle of serving the Filipino people for over three decades. While many still see the company as a mere channel for pawning services, they actually offer more, in terms of financials. One of their main services is Microsavings, which aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the Philippines and doesn’t require a maintaining balance (albeit, a minimum of P500 Average Daily Balance for interest to incur). Even Filipino citizens as young as 7 years old are qualified to open an account, which can be considered as a “kids savings” or “junior savings” account, which makes it very accessible to anyone who are in need of a savings account of their own.
Not to be limited by the usual financial services, Cebuana Lhuillier often provides opportunities for Filipinos to get more out of their accounts, namely, their timely promos. Throughout the years, they’ve had a few memorable ones, which were very beneficial to the Filipino people, especially during times of crisis and dire need. The current pandemic is no different, hence, why they recently launched Cebuana Lhuillier’s Instant Savings Promo 2020.
What is Cebuana Lhuillier’s Instant Savings Promo 2020 and what are the Promo Mechanics?
Cebuana Lhuillier’s Instant Savings Promo 2020 is a raffle promo implemented within Cebuana Lhuillier’s Microsavings service. The promo mechanics are as follows:
1) The promo period is from June 15 to September 14, 2020.
2) New and existing Microsavings account holders are eligible to join the promo.
3) Participants would be able to obtain an e-raffle entry by doing the following transactions and maintaining at least a minimum of P1,000 Average Daily Balance (ADB) within 30/31 days:
6) Undrafted entries in the previous months will not be included in the next draw.
7) Winners will be announced through Cebuana Lhuillier’s Official Facebook Page.
8) Prizes are non-transferrable, and each participant is only eligible for one raffle win.
9) Winners will be notified via SMS/text message and registered e-mail address.
10) The prize money will be deposited in the winner’s Microsavings account. Any amount which exceeds the Microsavings maximum account limit of P50,000 will either be given in cash or will be deposited in a Cebuana Savings account, if ever the winner will prefer to upgrade his or her own account.
11) PJ Lhuillier Inc. will pay the 20% tax fee for the prizes which will exceed P10,000.
12) The cash prize may only be claimed within sixty (60) days upon receiving the SMS/e-mail confirmation.
13) All employees of P.J. Lhuillier Group of Companies, agencies and services and their relatives up to the second degree of consanguinity or affinity are not eligible to participate in the e-raffle promo.
The promo is a perfect way for Filipinos to catch up to their planned budget. Understandably, the pandemic has caused a major change in everyone’s financial standings. Earning cash is hard enough, but trying to earn more of it during a period of crisis is tougher. Many had lost their jobs, many were sent home after only a few years of working abroad, and a majority of our fellow Filipinos still haven’t found their footing after only a few months of the quarantine period. In such case, Cebuana Lhuillier’s continuous goal to support every Filipino during the time of the pandemic is unwavering and will continue all throughout.
“I am not a Microsavings Account holder. How would I be eligible to join the promo?”
If you are not a Microsavings account holder yet, no worries, as it definitely easy to apply for one. You may visit any of Cebuana Lhuillier’s 2,500 branches nationwide and fill-out the Client Customer Information File Sheet and bring the following:
• 1 Government issued ID
• Birth Certificate (applicable to minors only)
• Student ID (applicable only if student is currently enrolled)
• P50 minimum initial deposit
• P100 card fee (for clients w/o 24k card)
“Okay, but how do I deposit the required maintaining balance in my account?”
Cebuana Lhuillier formulated their transaction processes with the customer’s convenience in mind, which is why the process itself is easy as 1-2-3.
• Fill-out the form indicating the money you will deposit and give it to the branch personnel
• Insert your 24k card in the PIN pad
• Get the completed deposit slip
“What if I want to withdraw the cash prize after winning?”
Well, you surely wouldn’t want to withdraw the whole amount after winning. But if ever you’d need to withdraw for your grocery errands, the process is simple:
• Fill-out the form with the desired amount you wish to withdraw
• Insert your 24k card in the PIN pad and type your PIN number.
• Receive the money from the branch personnel
You can even check your remaining balance after each withdrawal. You have two options to choose from:
Option 1: You may visit any of Cebuana Lhuillier’s 2,500 branches and use the PIN pad to check your balance.
Option 2: You may log in to your account on the eCebuana app and tap on ‘Micro Savings’
Preferably, you may want to go for option 2 if your main goal is to only check your account balance. It would save you a lot of time, and would also enable you to check your account within the comfort of your home. So what are you waiting for? Feel free to communicate with our authorized personnel through our online channels or you may visit the nearest Cebuana Lhuillier branch for more information.