| 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 |
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| 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 |
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| PESO SAVINGS ACCOUNTS |
| 1. Minimum - Initial Deposit |
Php 2,000.00 |
| 2. Monthly Maintenance Charge |
| 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.
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| 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. |
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| PESO SAVINGS ATM ACCOUNTS |
| 1. Minimum - Initial Deposit |
Php 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 Php5,000.00
Php300.00 per month if balance falls below the minimum
monthly average daily balance of Php500.00 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 Php500.00
|
| 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) |
Php25.00
|
| 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 |
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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 |
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| 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)
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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. |
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| 4. Pretermination - TCD Long Term |
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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%
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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%
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c. The cost of Documentary Stamps will be deducted
from the proceeds of the preterminated time deposit. Php1.50 for every Php200.00 |
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| 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 |
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| 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.
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| 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 |
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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. |
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