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COST OF CHECK BOOK A. PERSONAL-50 PCS./BOOKLET B. COMMERCIAL -100 PCS. /BOOKLET SERVICE CHARGE /PENALTY ON DISHONORED/RETURNED CHECKS(RCOCI) A. SERVICE CHARGE
P 100.00 PER MONTH P 100.00 IF ACCOUNT IS CLOSED WITHIN 30 DAYS FROM OPENING DATE P 100.00 PER MONTH
P 2,000.00 PER ITEM, DISTRIBUTED AS FOLLOWS: A.) P 1,000.00- PRESENTING BANK B.) P 1,000.00-DRAWEE BANK
B. PENALTY CHARGE FOR THE REASON INSUFFICIENCY OF FUNDS (DAIF) DRAWN AGAINST UNCOLLECTED DEPOSIT (DAUD) STOP PAYMENT ORDER (SPO) A. UPON APPLICATION FOR SPO B. UPON NEGOTIATION OF THE CHECK SERVICE CHARGE PENALTY CHARGE WITH FUNDS WITHOUT FUNDS C. UPON RETURN OF CHECK SERVICE CHARGE CERTIFICATES OF ACCOUNT BALANCE (APPLICABLE TO ALL TYPES OF DEPOSITS) REQUEST FOR PREVIOUS MONTH/S' BANK STATEMENT P 200.00 FOR EVERY P40,000 AMOUNT OF CHECK OR A FRACTION THEREOF
P 100.00
P 1,000.00 ( WITH OR WITHOUT FUNDS) NONE P 200.00 FOR EVERY P40,000 AMOUNT OF CHECK OR A FRACTION THEREOF
SAVINGS ACCOUNTS WITHHOLDING TAX ON INTEREST EARNED 20% SERVICE CHARGE ON EARLY P 100.00 IF ACCOUNT IS CLOSED WITIN 30 CLOSING DAYS FROM OPENING DATE PENALTY FOR FALLING BELOW REQUIRED MINIMUM BALANCE A. REGULAR ACCOUNT B. CAMPUS SAVERS CLUB ACCOUNT C. PAYROLL ACCOUNT REPLACEMENT OF LOST PASSBOOK DORMANCY FEE TIME DEPOSIT A. WITHHOLDING TAX ON INTEREST EARNED B. PRE-TERMINATION PENALTY
20% 1ST HALF -25% OF THE OUTEE INTEREST RATE 2ND HALF -50% OF THE QOUTED INTEREST RATE
MANAGER'S CHECK SALE OF MC GIFT CHECK SALE OF GIFT CHECK DOLLAR SAVINGS TIME DEPOSIT DEPOSIT A. NOTES B. CHECKS D. INCOMING REMITTANCESFOREIGN ( COURSED THRU LOCAL BANK) E. WITHHOLDING TAX ON INTEREST EARNED WITHDRAWAL A. BY TT B. BY DD CANCELLATION/REPLACEMENT OF DD
P 25.00 P 25.00
NO CHARGE. HOLDING PERIOD OF 15 BANKING DAYS NO CHARGE. HOLDING PERIOD OF 30 BANKING DAYS
$2.00 7.50% CABLE -$20.00 OR P500.00 , WHICHEVER IS HIGHER. CABLE -$10.00 $ 5.00 P 200.00, WHICHEVER IS HIGHER
RETURNED CHECKS PENALTY FOR FALLING BELOW REQUIRED MINIMUM BALANCE DORMANCY FEE CLOSING FEE ON ACCOUNTS CLOSED WITHIN 30 DAYS FROM OPENING DATE REPLACEMENT OF LOST PASSBOOK CERTIFICATION OF DOLLAR ACCOUNT BALANCE PRE TERMNINATION PENALTY ON US $ TIME DEPOSIT A. IF MORE THAN 15 DAYS B. IF LESS THAN 15 DAYS
$2.00 $5.00
I. INTRODUCTION: As the Banking Industry grew throughout the years since 1751, banks now days are being faced wit traditional generation of interest income and instead focused in generating fee-based income to ad product or service has an unstable yield due to the competition. However, clients also maximizing t manage individual funds. Though, Philippine Business Bank has established fees and charges, a pro II.PROJECT OBJECTIVE AND PURPOSE 1 To generate more income for the bank. 2 Income to augment Automation Investment. 3 To be leveled with the pricing of competitors. SCOPE OF THE PROJECT
To amend existing fees and charges of the bank based on the survey conducted by Business Genera indicating the on chart and current fees and charges of the bank as indicated below:
SAVINGS
ITEMS Falling Below Maintaining Balance charges (Monthly) Replacement Fee for lost ATM card Replacement Fee for lost Passbook Early Closure (w/in 30 Days) Dormant Account Charges Deposit Charge for interbranch withdrawal/deposit Interbank Funds Transfer (IBFT) Charges PBB 100 RCBC 220(PERSONAL) 550 (CORPORATE) 110 110 330 220 110
100 50.00 and Affidavit of Loss 100 100.00/ month (inactive for 2yrs.) 100.00 per transaction N/A
27.5
250
10
11/page
PE ITEMS Falling Below Maintaining Balance charges (Monthly) Early Closure (w/in 30 Days) Dormant Account Charges Deposit Charge for interbranch withdrawal/deposit Interbank Funds Transfer (IBFT) Fee* Bank Certification Fee PBB 100 100 100.00/ month (inactive for 2yrs.) 100.00 per transaction RCBC
330.00(PERSONAL)/ 550.00 CORPORATE
27.5
250
Bank Statement (Snapshot) Request Fee Checkbook Charge Application Fee for SPO Returned FUNDED Checks (SC only) Service charge for each returned check Returned UFUNDED Checks (SC + PC)
10
165.00 (PERSONAL)/ 350 (CORPORATE
11/page
165.00 (PERSONAL)/ 320 (CORPORATE
200 2,000.00
2,000.00
Honored Checks (SC + PC)** Returned Unhonored Checks (SC + PC)** 2,000.00
1,000.00 2,000.00
Below Minimum ADB Fee Replacement Fee for lost Passbook Early Closure w/in 30 Days
$10.00
PBB 22
RCBC 50
RCBC 55
Gift Check Traveler's Check Key Deposit Rates SDB Rental Fee
ITEMS Domestic Outward - RTGS (PHP) Commission Domestic Outward - PDDTS (USD) Commission Domestic Outward - PDDTS (USD) Bank Fee Domestic Inward - PDDTS Commission Domestic Inward - PDDTS Bank Fee
PBB
RCBC PHP 200.00 US$ 11.00 US$ 5.00 US$ 10.00 US$ 5.00
Foreign Inward Remittances ITEMS Commission Foreign Bank Fee PBB P 100.00 RCBC US$ 5.00 US$ 5.00
Foreign Outward Remittances ITEMS PBB 1/4 of 1 % P 100,000. 1/8 of 1 % in excess of P 100,000 minimum o f P 50.00 US$ 15.00 RCBC
BENEFITS 1 It will serve as a fixed income of the bank. PROJECT TIMELINE To be presented in BBG To be presented to the board A project timeline shall
1751, banks now days are being faced with new challenges to cope up with the existing stiff competition in th sed in generating fee-based income to address high costs of technology and system automation. ADB require tition. However, clients also maximizing their liquidity have the tendency to fully utilize their Cash in banks a k has established fees and charges, a proposal is being recommended to revise and increase particular fees a
the survey conducted by Business Generation and Product Development Center versus fees and charges of v e bank as indicated below:
SAVINGS ACCOUNT
BPI 500.00(maxi-one with passbook) 100 200 500 200 50 EAST WEST BANK 500 ALLIED BANK 200 PS BANK 300
50
200 450
thru online
thru online
tru online
100
120
100 per 1st 3 pages AND 10.00 For every succeeding page.
PESO CURRENT ACCOUNT BPI 500 500 200 50 EAST WEST BANK 500 500 500/month 300/month 100 ALLIED BANK 200
PS BANK 300 200
450
100 100 per 1st 3 pages AND 10.00 For every succeeding page. 175.00 (regular)/ 350 (commercial) 200 2,000.00
120
2,000.00
2,000.00
1,000.00 2,000.00
BPI $5.00
FCDU Savings Accounts in US Dollar SA EAST WEST BANK ALLIED BANK $5.00
PS BANK
$5.00 $ 2.00/month
110
$5.00 $5.00
$5.00
$2.00
ALLIED BANK
NA
PS BANK
100
METROBANK
NA
Using Other BancNet Member Bank's ATMs BPI 1.5 15 EAST WEST BANK
1.5 15
ALLIED BANK
1 10
PS BANK
2 10
BPI 50
Domestic Remittances BPI 150 US$ 10.00 US$ 6.50 150 n/a US$ 5.00 EAST WEST BANK
Foreign Inward Remittances METROBANK US$ 1.50 US$ 5.00 CHINA BANK US$ 8.00
existing stiff competition in the industry. Majority of the financial institutions shift from the tem automation. ADB requirement being requested from clients back-and-forth for a y utilize their Cash in banks and instead settle for fee-based products and services to better and increase particular fees and charges so as to generate more income for the BANK.
versus fees and charges of various financial institutions. Please see template below
METROBANK
300
UCPB
200
SECURITY BANK
200
160
150 250
200 350
50
25
thru online
50
thru online
200
250
20/page
10/page
11/page
50/page
UCPB
200 160 200 100
SECURITY BANK
200 150 350
thru online
200
250
20/page
50/page
100(PERSONAL)
100
BDO
UCPB
$5.00
$5.00
$5.00
$5.00
BDO
120
UCPB
25
SECURITY BANK
10
METROBANK
2 11
UCPB
2 12
SECURITY BANK
1
2.25 11
CHINA BANK 50
BDO 50
UCPB 50
SECURITY BANK 50
depending on size
depending on size
depending on size
depending on size
PESO CURRENT ACCOUNT ITEMS Below Minimum ADB Fee Early Closure (w/in 30 Days) Dormant Account Fee
PBB RCBC 100 100 100.00/ month (inactive for 2yrs.) 100 330 220
330.00(PERSONAL)/ 550.00 CORPORATE
Deposit Charge for interbranch deposit (provincial transaction) Interbank Funds Transfer (IBFT) Fee* Bank Certification Fee (Current Account) Bank Statement (Snapshot) Request Fee
110 27.5
250 10 11
100 per 1st 3 pages AND 10.00 For every succeeding page. 175.00 (regular)/ 350 (commercial)
Checkbook Charge Counter Check (per piece) Check Retrieval - Regular (7 days) Check Retrieval - Special (3 days) Stop Payment Order
Application Fee for SPO Returned FUNDED Checks (SC only) Service charge for each returned check Returned UFUNDED Checks (SC + PC) Service charge for each returned check Temporary Over Draft
2,000.00
2,000.00
2,000.00
2,000.00
1,000.00
Honored Checks (SC + PC)** Service charge for each returned check Penalty Charge Returned Unhonored Checks (SC + PC)**
1,000.00 1,000.00
2,000.00
METRO BANK
CHINA BANK
BDO
UCPB
100
120
20/page
10/page
11/page
100/APPLICATION
150
100
200 200
2,000.00
2,000.00
SECURITY BANK
50/page
165 PERSONAL)
300