I say TRUSTED FAMILY because anyone can use your Virtual Card to buy online if they know your Virtual Card details.
It takes just 4 info details to be able to buy online:
. Your first name and surname
. Your 16-digit Virtual Card no.
. Your 3-digit security code (CVV2 no.)
. Your card's expiration date
Some websites ask for your address, but most do not.
Have one of these while abroad only if you really need to make payments by yourself online from time to time.
There's another debit card that you can obtain while abroad: the IRemit Visa debit card. You can apply for this in places where there are IRemit offices.
If you are concerned about bank bankruptcy, na thankfully, bihirang-bihira naman sa commercial banks sa atin -- rural banks lang ang madalas nagsasara -- puedeng you limit your deposit to 500k pesos, kasi yan ang maximum deposit insurance. Then open another account in another bank for your next 500k pesos. If you like one bank only for all your finances, ok na yong mga biggest banks like BDO, BPI, Metrobank and Landbank