Current Account

Product Description:

  • Interest-bearing Checking Account, that maximizes the power of account holder’s funds by earning interest while checks are issued.
  • Deposits and encashment can only be done via over the counter on its domicile branch and other RBA branches.
  • Uses record book to monitor transactions.
  • PDIC insured up to P500,000
  • Types: Personal and Corporate
  1. CHECKING ACCOUNT – PERSONAL
DetailsTerms
Minimum Initial Deposit5,000.00
Maintaining Balance5,000.00
Withholding Tax Rate20%
Interest Rate0.25%
Interest CreditedQuarterly
ADB Requirement25,000.00
Required ADB to Earn Interest25,000.00
Below Maintaining (ADB) ChargeP250.00 Monthly
SecurityPDIC insured up to P500,000.00

2. CHECKING ACCOUNT – CORPORATE

DetailsTerms
Minimum Initial Deposit25,000.00
Maintaining Balance25,000.00
Withholding Tax Rate20%
Interest Rate0.25%
Interest CreditedQuarterly
ADB Requirement25,000.00
Required ADB to Earn Interest25,000.00
Below Maintaining (ADB) ChargeP250.00 Monthly
SecurityPDIC insured up to P500,000.00

OTHER SERVICE CHARGES

DetailsTerms
Early Closure (within 30days)300
Lost Passbook
Replacement
110
Bank Certification110
Statement of Account5.00 per page
Checkbook200
Stop Payment Order
(SPO)
300.00 per check
Returned Check
(DAIF, DAUD)
2,000.00 + 200.00 per day for every 40,000 on a fraction thereof
Returned Check
(SPO Unfunded)
2,000.00 + 200.00 per day for every 40,000 on a fraction thereof
Returned Check
(SPO Funded)
1,000.00