Bank deposit
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Description
PESO SAVINGS ACCOUNT |
1. Minimum - Initial Deposit | Php1,000.00 |
2. Monthly Maintenance Charge | |
a. Active Accounts | No interest shall be paid if balance falls below the monthly average daily balance of Php1,000.00 |
Php100.00 per month if balance falls below the monthly average daily balance of Php1,000.00 for two (2) consecutive months | |
b. Dormant Accounts | Php100.00 per month if the account is inactive for two (2) years and Php100.00 per month if balance falls below the monthly average daily balance of Php1,000.00 |
3. Closing of Accounts | Php100.00 if account is closed within 60 days from date of opening |
4. Accounts with Automatic Transfer Arrangements | Php100.00 penalty charge per month if balance falls below the required balance of Php10,000.00 for individual and Php20,000.00 for corporation |
5. Lost Passbook | Php100.00 charge for the issuance of a new passbook |
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Bank deposit
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