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Other Services

Fees and Charges

Rental of Safe Deposit Box
1. 3 x 5 x 21 Php 600.00
2. 5 x 5 x 21 Php 700.00
3. 3 x 10 x 21 Php 800.00
4. 5 x 10 x 21 Php 1,000.00
5. 10 x 10 x 21 Php 1,500.00
6. Key Deposit Php 1,000.00
INWARD REMITTANCES
1. Credit to Peso Savings Account (S/A) or Current Account (C/A)
     a. Doc. Stamps Php0.30 for every Php200.00 or fraction thereof
     b. Commission Php250.00
2. Credit to U.S. Dollar Account
USD500 - & BELOW USD7.50
USD501 - USD1,000 USD15.00
USD1,001 - USD1,500 USD20.00
USD1,501 - USD2,500 USD22.50
USD2,501 - USD5,000 USD27.50
USD5,001 - USD10,000 USD30.00
USD10,001 - USD20,000 USD32.50
USD20,001 - USD40,000 USD35.00
USD40,001 - USD50,000 USD37.50
USD50,001 - USD100,000 USD40.00
USD100,001 - USD250,000 USD50.00
USD250,001 - USD500,000 USD55.00
USD500,001 - USD750,000 USD65.00
USD750,001 - USD1,000,000 USD75.00
USD1,000,001 - USD1,250,000 USD85.00
USD1,250,001 - USD1,500,000 USD95.00
USD1,500,001 - & ABOVE 0.00007
3. Proceeds in Dollar Draft or via PDDTS payable to an account with another bank the same as above
4. Proceeds in Peso Manager's Check (MC)
     a. Doc. Stamps Php0.30 for every Php200.00 or fraction thereof
     b. Processing Fee Php100.00
Import Letters of Credit (LC)
1. Documentary Stamps (Domestic and Foreign LC) Php 2,000.00
2. Import LC Openings (Commission)
     a. Sight, Usance Credit 1/4 of 1% first 60 days, 1/8 of 1% every 30 days thereafter minimum of Php1,000.00
     b. Domestic LCs the same as above
     c. Cable Charges Php1,500.00 to Php2,000.00
3. Import LC Amendments (Commission)
 a. Increase in Amount of Credit 1/4 of 1% first 60 days, 1/8 of 1% every 30 days thereafter minimum of Php1,000.00
 b. Extension of Credit Based on the outstanding balance, 1/8 of 1% per month minimum of Php 1,000.00
 c. Other Amendments Php 1,000.00
 d. Cable Charges Php 650.00
4. Import LC Negotiations Php 100.00 if account is closed within 60 days from date of opening
     a. Sight Bills Non-LC (DP, DA, DR, OA, AP, Offshore)
        Commission None
        Doc. Stamps Php0.30 for every Php200.00 or fraction thereof
        Excess Drawings 1/4 of 1% of amount over and above LC value
      b. Usance Bills
        Commitment Fee (Draft Drawn on Accountee) 1/4 of 1% every month or fraction thereof from 
        Domestic Bills  1/4 of 1% every month, minimum of Php1000.00
        Handling Fee for Self-Funded Import Bill 1/4 of 1% of face value
        Cable Charge Php650.00
5. Import / Domestic Financing Php 100.00 penalty charge per month if balance falls below the required balance of Php 10,000.00 for individual and Php 20,000.00 for corporation
     a. Trust Receipts  - Interest at prevailing standard or negotiable rate
 - Penalty for past due accounts at prevailing standard or negotiable rate
6. Others
     a. Shipside Bonds (SSB)
        Commission Php 400.00
        Penalty Php 300.00 per month after 30 days
        Doc. Stamps Php 1.50 per cancelled guaranty
     b. Service of Customs Duties
       For each Final Customs Duties entry Php 300.00
       For IED Php 250.00
Export Letters of Credit (LC)
1. Export LC Advising
     a. Advising Fee
        If Client No Charge
        If Non-Client Php 800.00
2. Export LC Amendment
     a. Amendment Fee
        If Client No Charge
        If Non-Client Php 600.00
3. Export LC Negotiations
     a. Commission
        Drafts Purchased in Transit if paid in Pesos) No Charge
     b. Postage Courier Service per Document, Php 1,000.00 minimum
     c. Doc. Stamps Php 0.30 for every Php 200.00 or fraction thereof
     d. Cable Charge Php 650.00
4. Documentary Collections
     a. Outgoing Bills (if paid in foreign currency)
        Handling Fee in lieu of exchange 1/4 of 1% of draft amount
        Courier Service  Php 1,000.00 minimum per document
        Documentary Stamps Php 0.30 for every Php 200.00 or fraction thereof
        Cable Charge (if applicable) Php 650.00