No interest shall be paid if balance falls below the minimum
monthly average daily balance of Php5,000.00
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php2,000.00 for two (2)
consecutive months.
Dormant Accounts
Php30.00 per month on dormant deposit accounts if balance
falls below the minimum monthly average daily balance if
inactive for five (5) years and upon prior notice.
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php2,000.00
3. Closing of Accounts
Php200.00 if account is closed within 30 days from the date
of account opening.
4. Accounts with Automatic Transfer Arrangement
Php300.00 per month on regular Peso Savings Account with
Automatic Transfer Arrangement (ATA) if balance falls below
the minimum monthly average daily balance of Php10,000 for
individual account and Php20,000 for corporate account.
5. Lost Passbook
Php200.00 charge for the replacement of lost passbook.
PESO SAVINGS ATM ACCOUNTS
1. Minimum - Initial Deposit
Php 2,000.00
2. Monthly Maintenance Charge
a. Active Accounts
No interest shall be paid if balance falls below the
minimum monthly average daily balance of Php5,000.00
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php2,000.00 for two (2)
consecutive months.
b. Dormant Accounts
Php30.00 per month on dormant deposit accounts if
balance falls below the minimum monthly average daily
balance if inactive for five (5) years and upon prior notice.
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php2,000.00
3. Closing of Accounts
Php200.00 if account is closed within 30 days from the date
of account opening.
4. Replacement of Damaged/Lost/Stolen ATM Card
Php150.00
5. Change of PIN(forgotten)
Php150.00
6. Replacement of a misprinted card
(If already received by the cardholder)
Php150.00
7. Replacement of a misprinted card
(Due to erroneous data/info input by branch personnel)
Branch expense or charge to new accounts.
Php150.00
8. Other Charges
a. Inter-Bank Fund Transfer Fee (IBFT)
No Charges.
b. Acquirer Balance Inquiry Fee
Php2.00
c. Acquirer Withdrawal Fee
Php15.00
d. Maximum withdrawal amount per day
Php20,000.00
e. Maximum withdrawal frequency per day
none
f. Maximum withdrawal amount per transaction (PTC's ATM)
Php10,000.00
g. Minimum withdrawal amount per transaction (PTC's ATM)
Php100.00
h. ATM card jacket
Php10.00
i. ATM Account Over the Counter withdrawal (less than the standard withdrawal limit)
Php100.00
j. CCTV Viewing - For Metro Manila Branches
Php1,000.00
k. CCTV Viewing - For Provincial Branches
Php1,500.00
PESO CHECKING ACCOUNTS
1. Minimum - Initial Deposit
a. Individual, Partnership, and Sole Proprietorship Accounts
Php 10,000.00
b. Corporate Accounts
Php 15,000.00
2. Monthly Maintenance Charges for Checking Accounts
a. Individual, Partnership, and Sole Proprietorship Accounts
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php10,000.00
b. For Corporate Accounts
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php15,000.00
c. For Dormant Accounts
Php30.00 per month on dormant deposit accounts if
balance falls below the minimum monthly average daily
balance if inactive for five (5) years and upon prior notice.
3. Rejected Checks Issued
a. Rejected due to uncollected or insufficient funds (CICSRR Sec.24.1 & 24.5)
Php2,000.00 service charge plus penalty charge of
Php200.00 per day for every Php40,000.00 or a fraction
thereof based on amount of check, to be charged on
both working and non-working days.
b. Rejected due to exceeds authority limit
(CICSRR Sec.24.1 & 24.5)
Service charge of Php2,000.00
c. Returned checks for reason "Payment Stopped"
(Funded or Unfunded) (CICSRR Sec.24.1 & 24.5)
Php2,000.00 service charge plus penalty charge of Php200.00 per day for every Php40,000.00 or a fraction
thereof based on amount of check, to be charged on both working and non-working days.
4. Checkbook requisition
At prevailing rate set by the Printing Company Presently.
Php250.00 - Personal Checks
Php500.00 - Commercial Checks
PESO TIME DEPOSIT
1. Minimum - Initial Deposit
Php5,000.00
2. Doc. Stamps Tax
Php 1.50 for every Php 200.00 of fraction thereof
3. Pretermination - TCD
a. Within the first half of the agreed term
25% of agreed interest rate
No interest will be paid if preterminated within 7 days from
the date of deposit/renewal (Memo dated April 21, 1993)
b. Within the second half of the agreed term
50% of agreed interest rate
Cost of documentary stamps php1.50 for every Php200.00
or fraction thereof
Time deposit with term of less than 1 year the Doc. Stamp
shall be of a proportional amount in accordance with the ratio
of its term in number of days to 365 days (R.A 9243 Sec.179)
If preterminated will be charged to the proceeds
of the placement.
No interest will be paid if preterminated within
7 days (Memo dated April 21, 1993)
c. The cost of Documentary Stamps will be deducted from the proceeds of the preterminated time deposit or can be paid
in cash by the account holder.
4. Pretermination - TCD Long Term
a. The deposit shall be subject to income tax as provided under Section 24 (B) (1) of the Tax Reform Act of 1997 which
states "xxx a final tax shall be imposed on the entire income and shall be deducted and withheld by the depository
bank from the proceeds of the long - term deposit or investment certificate based on the remaining maturity thereof:
If the pretermination occurs after Final Tax
Four (4) years to less than five (5) years 5%
Three (3) years to less than four (4) years 12%
Less than three (3) years 10%
b. The interest to be paid shall be adjusted as follows:
If the pretermination occurs after: Interest to be paid
Four (4) years to less than five (5) years Agreed Rate x 95% less Tax
Three (3) years to less than four (4) years Agreed Rate x 80% less Tax
Two (2) years to less than three (3) years Agreed Rate x 70% less Tax
One (1) year to less than two (2) years Agreed Rate x 60% less Tax
Six months to less than one (1) year Agreed Rate x 50% less Tax
Three months to less than six months Agreed Rate x 25% less Tax
Below three months 0%
c. The cost of Documentary Stamps will be deducted
from the proceeds of the preterminated time deposit. Php1.50 for every Php200.00
U.S. DOLLAR TIME DEPOSIT
1. Minimum - Initial Deposit
USD1,000.00
2. Pretermination for Short Term TCD
a. No interest will be paid when preterminated within 7 days
b. Within the first half of the agreed term (at least more than 7 days)
25% of agreed interest rate
c. Within the second half of the agreed term
50% of agreed interest rate
3. Pretermination for Long Term TCD
a. No interest will be paid when preterminated within 30 days
b. An interest rate of 1% will be given based on the TCD's no. of days
U.S. Dollar Savings Accounts
1. Minimum - Initial Deposit
a. Cash
USD 500.00
2. Monthly Maintenance Charge
a. Active Accounts
No interest shall be paid if balance falls below the minimum
monthly average daily balance of USD500.00
USD1.00 per month if balance falls below the minimum
monthly average daily balance of USD500.00 for two (2)
consecutive months.
b. Dormant Accounts
USD1.00 per month on dormant deposit accounts if
balance falls below the minimum monthly average daily
balance if inactive for five (5) years and upon prior notice.
USD1.00 per month if balance falls below the minimum
monthly average daily balance of USD500.00
No interest shall be paid for Dormant accounts
3. Charge on interbranch transactions for
provincial branches
USD2.00
4. Replacement for lost passbook
USD5.00
5. U.S. Dollar notes deposited & withdrawn
outright as cash (within 7 days from date of deposit)
No Charges
U.S. Dollar notes deposited & withdrawn outright as telegraphic transfer
1/2 of 1%
5.1 for crossborder - cable
USD35.00
5.2 for Gross settlement Real Time (GSRT)
USD12.50
5.3 In the form of other Foreign Currency
In the range of USD30.00 - USD40.00 depending on the
Foreign Currency.
6. Closing of Account
USD5.00 if account is closed within 30 working days from
date of opening.