Cheque Plus

Cheque Plus is a special type of Demand Deposit. It is an interest bearing Checking Account which is withdrawable thru the issuance of a check.

FEATURES:

Individual Corporation
Initial Deposit 7,000.00 15,000.00
Interest Rate .30% .30%
Minimum Maintaining ADB (MMADB) to earn interest 15,000.00 20,000.00
Minimum Maintaining ADB (MMADB) not subject to service charge 7,000.00 15,000.00
Manner of Interest Payment Monthly
Withdrawal Issuance of checks
Dormancy One (1) year from the last customer initiated transaction

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
  3. Partnership
    • Articles of Partnership with SEC Certificate of Registration
    • By-Laws with SEC Certificate of Filing
    • Affidavit of Application of Business Name
    • Notarized Partnership Resolution
    • Two (2) Valid IDs of the Signatory/ies of the account
  4. Corporation
    • Articles of Incorporation with SEC Certificate of Registration
    • By-Laws with SEC Certificate of Filing
    • Notarized Board Resolution or Notarized Secretary’s Certificate indicating the following:
      1. USB as the Depository Bank
      2. The type of account to be opened
      3. The name of the authorized signatories to the account
      4. The signature combination/s
    • Two (2) Valid IDs of the signatory/ies of the account