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:

Individual
- Latest “1 x 1 ID” Picture
- Two (2) Valid IDs
- Proof of Billing
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

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