Current Account
Account Opening Requirements
Terms And Conditions
Fees and Charges
Data Privacy Consent Form
Preferred Peso Checking
Description:
- An interest-earning checking account that maximizes the power of accountholder's funds by earning interest while checks are issued and comes with other banking convenience not offered by traditional checking accounts.
- Transactions can be done via over the counter or through ATM
- Uses passbook to monitor transactions.
- Deposits are insured by PDIC up to P500,000 per depositor.
| Details | Terms |
|---|---|
| Minimum Initial Deposit | N.A. |
| Minimum Maintaining Balance (ADB) | Personal: Php 10,000 / Corporate: Php 15,000 |
| Interest Earning Balance (ADB) | Php 500,000 |
| Interest Rate | 0.100% p.a. |
| Withholding Tax | 20% |
| Term/Repricing Cycle | N.A. |
| Interest Credited | Quarterly |
| Fund Access | Check Issuance, ATM, Internet* and Mobile Banking* |
| Transaction Record | Passbook and e-Statement of Account |
| Age Requirement | At least 18 y/o |
| Daily ATM Withdrawal Limit | Php50,000 per day |
| Deposits are insured by PDIC up to P500,000 per depositor. | |
| Charges/Fees | |
| Early Closure (accounts closed within 30 days from opening) | Php 110 |
| Below Maintaining Balance | Php 500 |
| Lost Passbook | Php 100 |
| ATM Card Replacement | Php 150 |
| Others | Cost of Checkbook: Php 240 (personal) Php 480 (commercial/corporate) Note: Php225 (Personal) & 450 (Corporate) if requested via Preferred Online Banking |
