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SAVINGS AND DEPOSITS

Fees and Charges

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.

        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)

Php25.00

     b. Balance Inquiry fee (Other Bank's ATM) Php1.00
     c. Transaction fee (Other Bank's ATM) Php10.00
     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.