| PESO SAVINGS ACCOUNT | PASSBOOK AND ATM | ATM |
|---|---|---|
| Initial Deposit requirement | Php 10,000.00 | Php 2,000.00 |
| Minimum monthly ADB requirement | Php 10,000.00 | Php 2,000.00 |
| Minimum balance to earn interest | Php 100,000.00 | Php 100,000.00 |
| Interest rate per annum | 0.010% | 0.010% |
| Account closure within 30 days | Php 500.00 |
| Below minimum balance | Php 300.00 |
| Withholding tax per interest earned | 20% |
| Dormancy Fee | PHP 30.00 |
| DOLLAR SAVINGS ACCOUNT | PASSBOOK |
|---|---|
| Initial deposit requirement | USD 500.00 |
| Minimum monthly ADB requirement | USD 500.00 |
| Minimum balance to earn interest | USD 10,000.00 |
| Interest rate per annum | 0.00% |
| Account closure within 30 days | USD 10.00 |
| Below minimum balance | USD 10.00 |
| Withholding tax per interest earned | 15% |
| Dormancy Fee | PHP 30.00 |
| CHECKING ACCOUNT | PERSONAL CHECKING ACCOUNT (Checkbook,Passbook,ATM) |
CORPORATE ACCOUNT (Checkbook,Passbook) |
|---|---|---|
| Initial deposit requirement | Php 10,000.00 | Php 20,000.00 |
| Minimum monthly ADB requirement | Php 10,000.00 | Php 20,000.00 |
| Interest rate per annum | 0.000% | 0.000% |
| Account closure within 30 days | Php 500.00 |
| Below minimum balance | Personal Account: Php 300.00 Corporate Account: Php 500.00 |
| Checkbook | Php 350.00 |
| Dormancy Fee | PHP 30.00 |
| For Drawee Bank | Php 1,000.00 |
| For Presenting Bank | Php 1,000.00 |
| Bank Penalty | Php 200.00/day for every Php 40,000.00 check amount |
| Upon Application | Php 300.00/check |
| Upon Receipt From PCHC | Php 1,000.00 |
| Term | Placement Amount | PHP 100,000 |
|---|---|---|
| 30 Days | 100,000.00 | 0.010% |
| 90 Days | 100,000.00 | 0.010% |
*Interest earned is subject to 20% withholding tax.
Documentary Stamp Tax of Php1.50 for every Php200 or fractional part thereof, upon opening or renewal/roll-over of account, shall be paid by the client and may be collected from the principal balance or earned interest thereof.
| Term | USD 2,000 |
|---|---|
| 30 Days | 0.010% |
| 1 Year | 0.010% |
*Interest earned is subject to 15% withholding tax
| PRA Speacial Savings Account | Rates | |
|---|---|---|
| Peso | 0.010% | Interest earned is subject to 20% withholding tax. Documentary Stamp Tax of Php1.50 for every Php200 or fractional part thereof, upon opening or renewal/roll-over of account, shall be paid by the client and may be collected from the principal balance or earned interest thereof. |
| Dollar | 0.010% | Interest earned is subject to 15% withholding tax. |
