ATM Account

ATM Account is a Peso savings or current account whereby transfer of funds, withdrawals, balance inquiry, bills payment, request for Statement of Account (SOA) or checkbook and purchase of PINs for pre-paid phone/internet services may be done through the use of an ATM Card.

Savings Passbook with ATM Current Cheque Plus
Individual		 Cheque Plus
Corporation
Initial Deposit 500.00 10,000.00 5,000.00 7,000.00 15,000.00
Interest Rate .30% .30% none .30% .30%
Minimum Maintaining ADB (MMADB) to earn interest 3,000.00 10,000.00 none 15,000.00 20,000.00
Minimum Maintaining ADB (MMADB) not subject to service charge 500.00 10,000.00 5,000.00 7,000.00 15,000.00
Manner of Interest Payment Credited Monthly
Withdrawal Automated Teller Machine (ATM) or presentation of ATM Card with duly accomplished WS or through Check/passbook, as applicable
Withdrawal limit per transaction using ATM 10,000.00
Withdrawal limit per day using ATM 20,000.00
Dormancy Two (2) years (Savings, w/ ATA) or One (1) year (Current, ChequePlus) from the last customer initiated transaction
  • Existing Accounts
    • Existing Savings/Current/ChequePlus Accounts (Individual) may be converted into ATM Accounts.
  • Withdrawal Limit
    • Client may withdraw over-the-counter if amount exceeds the withdrawal limit per day.
  • Types of Cards:
    • Quick Card – received by Client on the day of application
    • Customized Card – indicates client’s name, account number and card number; received by the Client in four (4) banking days

 

Savings Passbook Savings Current Cheque Plus
Individual		 Cheque Plus
Corporation
Replacement of lost ATM Card 150.00
Below Minimum Maintaining ADB (MMADB) for two (2) consecutive months 100.00 200.00 200.00 400.00 400.00

REQUIREMENTS:

  1. Individual
    • Latest “1 x 1 ID” Picture
    • Two (2) Valid IDs
    • Proof of Billing
  2. Sole Proprietorship
    • Certificate of Registration of Business/Trade Name with DTI
    • Affidavit of Application of Business Name
    • Two (2) Valid IDs of the Proprietor
    • Proof of Billing

 

Deposits are insured by PDIC up to P1 Million per depositor