Other Currency Accounts
Terms And Conditions
Fees and Charges
Data Privacy Consent Form
Preferred Dollar Savings
Description:
- An interest-bearing dollar denominated passbook account, which allows deposits and withdrawals anytime.
- Funds earn interest.
- Deposits are insured by PDIC up to P1,000,000 per depositor.
| Details | Terms |
|---|---|
| Minimum Initial Deposit | N.A. |
| Minimum Maintaining Balance (ADB) | USD 500 |
| Interest Earning Balance (ADB) | USD 500 |
| Interest Rate | 0.05% p.a. |
| Withholding Tax | 15% |
| Interest Credited | Quarterly |
| Fund Access | Interbranch transactions, Internet* and Mobile Banking* |
| Transaction Record | Passbook |
| Deposits are insured by PDIC up to P1,000,000 per depositor. | |
| Charges/Fees | |
| Early Closure (accounts closed within 30 days from opening) | USD 5 |
| Below Maintaining Balance | USD 5 |
| Lost Passbook | Php 100 |
Preferred Dollar Time
Description:
- Certificate of deposit (in dollars) with the Bank for a fixed period of time, in return for a fixed interest payable at the end of the term.
| Details | Terms |
|---|---|
| Minimum Placement | USD 1,000 |
| Minimum Maintaining Balance (ADB) | N.A. |
| Interest Earning Balance (ADB) | USD 1,000 |
| Interest Rate | Based on market rates |
| Withholding Tax | 15% |
| Term/Repricing Cycle | Minimum of 30 days |
| Interest Credited | At maturity |
| Fund Access | Branch of account renewal, viewing for internet and mobile banking |
| Transaction Record | Certificate of Time Deposit |
| Deposits are insured by PDIC up to P1,000,000 per depositor. | |
| Charges/Fees | |
| Early Closure (accounts closed within 30 days from opening) | N.A. |
| Below Maintaining Balance | N.A. |
| Inactivity Fee | N.A. |
| Lost Passbook | N.A. |
| Others | Pre-termination: interest based on prevailing savings rate |
Preferred Foreign Currency Savings
Description:
- Third currency denominated passbook account, which allows deposits and withdrawals anytime.
- Deposits are insured by PDIC up to P1,000,000 per depositor.
- Available in selected branches only
| Details | Terms |
|---|---|
| Minimum Initial Deposit | N.A. |
| Minimum Maintaining Balance (ADB) | EUR 500 / JPY 50,000 / CNY 500 |
| Term/Repricing Cycle | N.A. |
| Charges/Fees | |
| Early Closure (accounts closed within 30 days from opening) | EUR 5 / JPY 500 / CNY 50 |
| Below Maintaining Balance | EUR 5 / JPY 500 / CNY 50 |
| Lost Passbook | Php 100 |
