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SAVINGS AND DEPOSITS

Fees and Charges

PESO SAVINGS ACCOUNTS
1. Minimum - Initial Deposit Php 2,000.00
2. Minimum Average Daily Balance (ADB) Requirement
     a. Accounts without Automatic Transfer Arrangement (ATA) Php 2,000.00
     b. Accounts with ATA Individual - Php 10,000.00
Corporation - Php 20,000.00
3. Monthly Maintenance Charge
     a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
        Active Accounts Php 300.00 per month if balance falls below the ADB for two (2) consecutive months
        Dormant Accounts Php 30.00 per month if the account balance falls below ADB, if inactive for five (5) years and upon prior notice.
        Accounts with ATA Php 300.00 per month if balance falls below the ADB
4. Minimum ADB to Earn Interest Php 5,000.00 Quarterly
5. Closing of Accounts Php 200.00 if account is closed within 30 days from date of opening
6. Lost Passbook Php 200.00 charge for the issuance of a new passbook
7. Interest Rate 0.25 %
PESO SAVINGS ATM ACCOUNTS
1. Minimum - Initial Deposit Php 2,000.00
2. Minimum Average Daily Balance (ADB) Requirement Php 2,000.00
3. Monthly Maintenance Charge
     a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
            Active Accounts Php 300.00 per month if balance falls below the ADB for two (2) consecutive months
            Dormant Accounts Php 30.00 per month if the account balance falls below ADB, if inactive for five (5) years and upon prior notice.
4. Minimum ADB to Earn Interest Php 5,000.00 Quarterly
5. Minimum ADB Requirement Php 2,000.00
6. Closing of Accounts Php100.00 if closed within 60 days from date of opening
7. Replacement of Damaged/Lost ATM Card Php 100.00
8. Change of PIN Php 100.00
9. Inter-Bank Fund Transfer Fee (IBFT) Php 25.00
10. Statement request fee First three (3) pages Php 100.00, Succeeding pages Php 10.00 per page
11. Balance Inquiry Fee (Other Bank's ATM) Php 1.00
12. Transaction Fee (Other Bank's ATM) Php10.00
13. Maximum withdrawal amount per day Php 20,000.00
14. Maximum withdrawal frequency per day none
15. Maximum withdrawal amount per transaction (PTC's ATM) Php 10,000.00
16. Minimum withdrawal amount per transaction (PTC's ATM) Php 100.00
17.  Interest Rate 0.25 %
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. Minimum ADB Requirement  
     a. Individual Php 10,000.00
     b. Corporation Php 15,000.00
3. Monthly Maintenance Charge
     a. Service Charge Below ADB  No services charge if below ADB for SSS pensioners.
         Active Accounts Php 300.00 per month if balance falls below the ADB for two (2) consecutive months
         Dormant Accounts Php 30.00 per month if the account balance falls below ADB, if inactive for five (5) years and upon prior notice.
4. Minimum ADB to Earn Interest No Interest
5. Rejected Checks Issued
     a. Rejected due to uncollected or insufficient funds (CHHR Sec. 27.1 & 27.5), (RRICO Sec. 20.1 & 20.5), (CHOM No. 380) 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 imposed on both working and non-working days
     b. Returned Checks with the reason of Post-Dated or Stale-Dated (CHOM No. 96) 1/8 of 1% of amount of check or Php100.00 whichever is higher per day
     c. Returned Checks covered by cash deposit on the next clearing day Php1,000.00 service charge per check plus penalty charge of Php200.00 per day for every Php40,000.00 or a fraction thereof
    d. Returned Checks for reason "Payment Stopped" Service charge of Php2,200.00 for Php40,000.00 below, for 40,000.00 above charges will be computed. (Memo dated 01/16/07 BD-16/07)
6. Checking Requisition At prevailing rate set by the Printing Company Presently:
Php 250.00 - Personal Checks (50 checks)
Php 500.00 - Commercial Checks (100 checks)
7. Interest Rate No Interest Rate
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
     a. Within up to 7 days from the date placed 25% of agreed interest rate
     b. Within the first half of the agreed term 50% of agreed interest rate
     c. Within the second half of the agreed term  - Cost of Doc. Stamps Php1.50 for every Php200.00 or fraction thereof
 - Time deposit with term of less than 1 yr. 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)
 - Upon pretermination, the doc. stamps will be deducted from the process of the placements or will be shouldered by the depositor
 - No interest will be paid if preterminated within 6 days (Memo dated Apr. 21, 1993)
U.S. Dollar Savings Accounts
1. Minimum - Initial Deposit
     a. Cash USD 100.00
     b. Check USD 100.00 in cash, plus the amount of the check to be deposited.
2. Minimum Average Daily Balance (ADB) Requirement USD 100.00
3. Monthly Maintenance Charge
     a. Service Charge Below ADB No services charge if below ADB for SSS pensioners.
          Active Accounts USD 1.00 per month if balance falls below the ADB for two (2) consecutive months
          Dormant Accounts USD 1.00 per month if balance falls below the ADB
     b. Service Charge for Dormancy USD 1.00 per month if the account is inactive for two (2) years and if balance falls below ADB.
4. Minimum ADB to Earn Interest USD 500.00 (Average daily balance) monthly
3. Charges on Withdrawals USD 30.00, if Cash was deposited and withdrawn outright in the form of cash
5. U.S. Dollar notes deposited & withdrawn outright 1/2 of 1%
     a. In the form of Draft or Cable USD 23.00
     b. Cable Cost USD 12.50
     c. Commission USD 15.00
6. Returned Checks (check deposited to account) Minimum of USD 25.00
7. Handling Charge on Dollar Check Deposits USD 2.50 for each check deposited
8. Closing of Account USD 5.00 if account is closed within 180 days from date of opening
9. Interest Rate
     a. Active Accounts 0.50 %
     b. Dormant Accounts No interest
U.S. DOLLAR TIME DEPOSIT
1. Minimum - Initial Deposit USD1,000.00
2. Pretermination
     a. Within the first half of the agreed term 25% of agreed interest rate
     b. Within the second half of the agreed term  - 50% of agreed interest rate
 - No interest will be paid when preterminated within 6 days from the date of deposit/renewal
3. Minimum Term 30 days
4. Long Term Dollar Time Deposit  - Non-negotiable certificate
 - Pre-termination allowed, subject to BSP regulations
     a. Minimum Placement USD 5,000.00
     b. Minimum Term 5 years
5. Withholding Tax 15%