Deposits
Category Minimum Deposit Product Feature
Current Deposit Peso 250,000
Only Peso denominated account is available
For corporate A/C only
Non-interest-bearing account
Check books are available
Savings Deposit US$500
Peso25,000
Yen100,000
Interest rates
US$ 0.5%
Peso 0.5%
Yen 0.1%
Unrestricted deposit and withdrawal
Time Deposit US$10,000
Interest rate : LIBOR-0.8%
Interest rates for early withdrawal and post-maturity : 0.5%
Placement periods : 1, 3, 6 months. Your deposit will be renewed automatically unless you state otherwise.
Inbound Remittance
You can claim remittances over the counter without having an account at our branch. (The remitter must specify your passport No. and name as written in your passport and also provide a contact number.)
To claim the remitted funds over the counter, present your passport or a local driver¡¯s license.
No limit on the remitted amount
Outbound Remittance
No limit on remittance amount in US Dollars
Charges
Up to US$4,000 : US$10
Above US$4000 : Remitted fund x 0.25% (Max. US$100)
Outbound Remittance : Cable Charge US$15 per remittance
Miscellaneous
Considering the difficulties cashing traveller¡¯s checks in the Philippines, Telegraphic Transfer is recommended.
You can hardly find banks offering card loans for Visa card holders and global cash deposit machines services in the Philippines. (So, remittance would be a better means to fund necessary expenses.)
Financing / Service
Consumer/Corporate Financing
Working Loans
Personal Loans
Mortgage Loans
Car Loans
Equipment Loans
Trade Finance
L/C
DP/DA
Sight Bills Bought/Export Usance Bills Bought