INA THERESE R.

ARDAN GEMATMW

BANK INQUIRIES AND DATA FROM PSE

At November 20, 2018, the proponent visited three banks, Bank of the Philippine

Islands (BPI), Eastwest Bank and Banco de Oro (BDO). The proponent was able to talk to

the branch manager of the first two banks and was allowed to ask them to sign a paper

showing proof of visit and inquiry in the said bank. However, in the last bank, the personnel

stated that they were not allowed to entertain some questions and sign a paper for proof of

visit in the specific branch. For further information, the proponent was asked to visit their

corresponding websites.

Please refer to the Appendix for the proofs of visit in the said banks.
I. Savings
A. Regular Savings
1. Bank of the Philippine Islands
a. Types of Savings Account available in BPI
Interest Rates (Bank of the Philippine Islands, 2018)

b. Required Documents (Bank of the Philippine Islands, 2018)

 Valid ID with photo and signature
 1x1 ID picture
 Utility Bill reflecting address
c. Terms and Conditions (Bank of the Philippine Islands, 2018)
 Account Opening and Maintenance – The Accounts may be opened and
maintained at the sole discretion of the Bank, upon your compliance with
 all the account opening/maintenance/documentary requirements as may be
required/imposed by the Bank from time to time such as, but not limited to,
"Know Your Customer" ("KYC") as required by the AMLC, the submission
of duly completed and executed account opening forms, the appropriate
corporate Board Resolutions and approvals, delivery of the initial deposit
amount and such other supporting documents as may be prescribed by the
Bank.
You agree to nominate a branch of convenience, which may be any Bank branch
which will: (a) identify, assist and orient you in your account opening; and (b)
facilitate your over-the-counter transactions.
 Banking Days - “Banking Days” are from Monday through Friday, except
for banking, legal and/or special holidays, whenever such term is used in
reference to (i) banking days of regular branches; (ii) determining the period
of time i.e. notices, performance of action etc., or (iii) days of the week
when Bank transactions are posted into the Bank's system. The Bank may
choose to open selected Express Banking Centers/regular Bank Branches
on weekends to open Accounts and cross-sell specific identified Bank
products.
 Interest on Accounts - Interest on your Accounts will be calculated based
on such Accounts' daily balance provided that your balance does not fall
below the required balance to earn interest. Interest earned shall be credited
according to the Bank-determined interest rate as are/will be reflected on
the pricing and rates advisories and as the same may be amended, revised,
updated and/or supplemented from time to time.
2. Eastwest Bank
a. Interest Rates (EastWest Bank, 2018)

Types of Savings Account available in Eastwest Bank

b. Required Documents (EastWest Bank, 2018)

 Accomplished customer information sheet
 at least one (1) un-expired, photo bearing with signature identification
document(ID)
 Proof of billing (under your name & home address)
 Proof of income (ITR, Payslip, Certificate of Employment)
 Photo ID(1X1 or 2X2)
 Presentation of additional documents for
o Minors
- Original and clear copy of NSO Birth Certificate
- for Guardian or Administrator, or original and clear copy of the
Court Order appointing them
 o Tax-Exempt individual
- Notarized Tax Exemption Affidavit executed by the
applicant/depositor
- Certification of Tax Exemption issued by Revenue District
Office (RDO)
o Non-Resident individual and OFW:
- Passport
- Alien Certificate of Registration (ACR), Immigrant Certificate
of Registration (ICR) for non-citizen of the Philippines
- Contract of Employment for Philippine citizens
c. Terms and Conditions (EastWest Bank, 2018)
Please note that only headings relevant to the proponent were used.
 Payment of Interest - Where the account type requires the payment of
interest, we will compute the interest based on the collected daily balance at
the prevailing and applicable rates that we prescribe. Interest earned will be
credited at the end of the product-defined payment period. We reserve the
right to change the interest rate and the basis of the computation and mode
of payment at any time. The prevailing interest rate basis of computation
and mode of payment and any amendments thereto will always be posted in
a conspicuous place in our branches or in our website. No interest will be
paid to an account closed prior to our set interest payment dates.
 Minimum Balance - You shall maintain (a) the required minimum average
daily balance as may be prescribed by us and which may increase or
decrease from time to time upon due notice to you. We reserve the right to
close any account with zero balance for over a period prescribed by us,
which may change from time to time.
3. Banco de Oro
a. Interest Rates (Banco de Oro, 2018)

Types of Savings Accounts

Features of Passbook Savings Account

 Features of ATM Savings Account

b. Required Documents (Banco de Oro, 2017)

 Two valid IDs
c. Terms and Conditions (Banco de Oro, 2017)

Please note that only terminologies relevant to the proponent were used.

 Opening and closure of accounts - Deposit accounts, hereinafter referred

to as the “Account”, may be opened subject to the approval of BDO, after
taking into consideration the presentation of references acceptable to BDO
and after verification of applicant's identity and/or authority to open the
account. The Depositor warrants that he is not suffering from any legal
disability upon opening of the account. The Depositor shall maintain the
required Average Daily Balance (ADB) as the Depositor may be notified
by BDO from time to time. A service fee shall be charged if the account
falls below the required ADB.

 Banking Days - “Banking Days” are from Monday through Friday, except
for banking, legal and/or special holidays. Selected branches are also open
on weekends.

 Interest on accounts - Interest bearing accounts shall earn interest at a rate

determined by BDO on a per annum basis and in accordance with pertinent
laws, rules and regulations. Interest shall be computed based on daily
available balance and credited to the account at the end of the month, less
 of applicable withholding tax. However, no interest shall be paid on
dormant accounts or those closed prior to crediting of interest at the end of
any month.

B. Time Deposit

1. Bank of the Philippine Islands

a. Interest Rates (Bank of the Philippine Islands, 2018)
Rates for Regular Time Deposit Accounts

b. Required Documents (Bank of the Philippine Islands, 2018)

 Valid ID with photo and signature
 1x1 ID picture
 Utility Bill reflecting address
c. Terms and Conditions (Bank of the Philippine Islands, 2018)
Time deposits (TD) are deemed automatically paid/terminated at maturity
date with proceeds credited to a settlement account you designated upon your
TD account opening pursuant to your instruction appearing on your TD
certificate. Presentation of the certificate will no longer be necessary to effect
 auto-payment on maturity date/last maturity date. If terminated prior to maturity
date/last maturity date, the original certificate shall be endorsed and surrendered
for payment, proceeds of which will be credited to your designated settlement
Account.

2. EastWest Bank
a. Interest rates (EastWest Bank, 2018)
Time Deposit Interest Rates

b. Required Documents (EastWest Bank, 2018)

 Accomplished customer information sheet
  at least one (1) un-expired, photo bearing with signature identification
document(ID)
 Proof of billing (under your name & home address)
 Proof of income (ITR, Payslip, Certificate of Employment)
 Photo ID(1X1 or 2X2)
 Presentation of additional documents for
o Minors
- Original and clear copy of NSO Birth Certificate
- for Guardian or Administrator, or original and clear copy of the
Court Order appointing them
o Tax-Exempt individual
- Notarized Tax Exemption Affidavit executed by the
applicant/depositor
- Certification of Tax Exemption issued by Revenue District
Office (RDO)
o Non-Resident individual and OFW:
- Passport
- Alien Certificate of Registration (ACR), Immigrant Certificate
of Registration (ICR) for non-citizen of the Philippines
- Contract of Employment for Philippine citizens
c. Terms and Conditions (EastWest Bank, 2018)
Time deposits cannot be assigned or transferred by endorsement of the
Certificates of Time Deposit (CTD). The time deposit certificate is non-
negotiable and will be payable only to the person/s named therein (account
name) or to his/her/their heirs, in case of death, subject to the rules and policies
on deceased depositors. Time deposit proceeds are deemed automatically
renewed at maturity date. Presentation of the certificate will no longer be
necessary to effect auto-renewal. However, pursuant to your instructions, time
deposit may be paid/terminated or credited to a deposit account at maturity date.
If the deposit is withdrawn before maturity date, the applicable pre-termination
rates shall be used as basis for computation. Certificates presented to the Bank
 on or after time deposit account closure will be cancelled and forfeited by the
Bank. We reserve the right to charge you with the payment of the Documentary
Stamp Tax (DST) and other applicable taxes imposed on your time deposits
with us.

3. Banco de Oro
a. Interest Rates (Banco de Oro, 2012)
Time Deposit Interest Rates

b. Required Documents (Banco de Oro, 2017)

 Two valid IDs
c. Terms and Conditions (Banco de Oro, 2017)
 The Certificates covering any and all time deposits ( the “Certificates”)
are not negotiable instruments and may not be negotiated by
endorsement and/or delivery but may be assigned with BDO's prior
consent in writing. The assignment of the Time Deposit (TD) Certificate
shall not be binding on BDO unless made with its prior consent in
writing. Check Deposit to open a Time Account is subject to final
collection from the drawee bank. In case check is dishonored by the
drawee bank, the Certificate shall automatically be canceled.
 The initial interest rate and principal amount are reflected on the face of
the Certificate. Upon renegotiation on maturity, the new principal, new
rate, new value and maturity date will be updated and documented in a
TD Renewal Advice.
 Time Deposit Renewal Advice TD Renewal Advice is non-negotiable
and not an evidence that the account is still outstanding with BDO. In
case of conflict in the TD Renewal Advice and the records of BDO
regarding the account, the records of BDO shall be valid and binding.
The Depositor shall carefully check and monitor all entries in the Time
Deposit Renewal Advice and report to BDO any error within five (5)
days from receipt hereof. If BDO receives no communication regarding
the entries in the Time Deposit Renewal Advice within the said period,
it shall be considered complete, correct and a waiver on the part of the
Depositor to claim against BDO any matter contained therein.
 Early Redemption Any early redemption of, or partial withdrawal from,
time deposits will result in the closure of the account in which case the
provisions of VI (F) will apply. BDO reserves the right to require at least
one (1) day advance notice for redemptions to be made before maturity.
Time Deposit Accounts redeemed before the stipulated maturity date
shall be subject to BDO's early redemption policy. For Peso Time
Deposit accounts, the documentary stamp tax value based on the current
principal shall be automatically deducted by BDO from the proceeds of
redemption.
 Non-Renewal Time Deposit Accounts not redeemed, renewed or rolled
over on its stipulated maturity date shall automatically earn interest
equivalent to BDO's prevailing savings rate from the date of said
maturity to the date of actual redemption or written instruction to renew
or roll-over. Interest earned from a Time Deposit Account shall be taxed
based on the ceilings prescribed by law and corresponding revenue
regulations from time to time.
  Closure of Account The Certificate shall be surrendered to BDO upon
termination of the time deposit account. In case the original copy of the
Certificate is lost, the Depositor shall immediately notify BDO in
writing by executing an Adavit of Loss duly not
C. Money Market
1. Bank of the Philippine Islands

a. Interest Rates (Bank of the Philippine Islands, 2018)

b. Required Documents (Bank of the Philippine Islands, 2018)

 Valid ID with photo and signature
 1x1 ID picture
 Utility Bill reflecting address
c. Terms and Conditions (Bank of the Philippine Islands, 2018)
Account Balance Inquiry – You can access the Available Balance or the
withdrawable balance of each of your Accounts as of the date and time of your
inquiry exclusive of uncleared check deposits, and any amount on hold and
transactions under process and the Total Balance as of the date specified
inclusive of check deposits. Likewise, you can also access the balance of your
investment accounts as of the date and time indicated upon inquiry exclusive
of transactions and requests under process. Auto and housing loan information
are also available as of the date and time indicated upon inquiry exclusive of
transactions and requests under process.

2. EastWest Bank
a. Interest rates (EastWest Bank, 2018)

b. Required Documents (EastWest Bank, 2018)

 Duly accomplished Account Opening Form
 One (1) valid identification document to establish the investor's
identity
  Two (2) duly accomplished signature cards containing the specimen
signature of the investor
 Investor Risk Profiling Questionnaire
 Investment Declaration form
 Risk Disclosure Statement
 Duly Signed Participating Trust Agreement
c. Terms and Conditions (EastWest Bank, 2018)
Withholding Tax - Subject to regular withholding tax of 20% on interest
income
Regulatory - Subject to Bangko Sentral ng Pilipinas regulations governing the
creation, administration and investments of Unit Investment Trust Funds as
outlined in BSP Circular 593 Series of 2008 and Section UX410 of the Manual
of Regulations for Banks
Acceptance and Withdrawal Procedure - Investments into the fund may be
accepted on any banking day, at the prevailing NAV per unit. All investments
and withdrawals should be processed before 12 noon. Withdrawals will be
funded one (1) banking day after the date of transaction.

3. Banco de Oro
a. Interest Rates (Banco de Oro, 2012)

b. Required Documents (Banco de Oro, 2013)

 One (1) set of Customer Account Record
 One (1) set of Signature Card
 Account Opening Kit:
 Investor Profile Questionnaire (IPQ)
 Client Investment Suitability (CIS)
 Risk Disclosure Statement (RDS)
 Declaration of Investor/s
  Omnibus Participating Trust Agreement
 Photocopy of two (2) valid IDs
c. Terms and Conditions (Banco de Oro, 2012)
Investment Policy - The Fund may invest in deposits in the Trustee’s bank or
in other banks, securities issued or guaranteed by the Philippine Government or
the BSP, tradable securities issued by any supranational entity and exchange-
listed fixed income securities. Subject to BSP guidelines and the Trustee's Trust
Committee approval, the Fund may also avail itself of financial derivative
instruments solely for the purpose of hedging risk exposures, as well as invest
in other tradable outlets/categories as may be deemed suitable for the Fund.

II. Investments
Stocks
When choosing which company/ies to invest in, one must be familiar with the
company and the nature of their products or services.
The proponent is looking into investing in EEI Corporation, incorporated in 1931,
currently a member of the Yuchengco Group of Companies. EEI is primarily involved in
construction, installation and erection of different types of facilities, plants and
infrastructures. They own one of the country’s modern steel fabrication plants. Also, they
are not limited to local projects but also have established themselves overseas.
According to the Philippine Stock Exchange, here is the historical data of EEI
Corporation as of November 20, 2018.
 From November 12-16, the corporation has been in the top 30 price gainers in the
stock market. Although, we know that these values ay drastically change from time to time.
Still, based on the rising economy of the Philippines and the increase in construction
projects all over the nation, the future looks bright for the corporation and its stockholders.

Philippine Stock Exchange Weekly Top Price Gainers (Nov. 12-16, 2018)
III. Bank Loans
1. Bank of the Philippine Islands
a. Interest Rates (Bank of the Philippine Islands, 2018)

Interest Rate for Personal Loans

b. Required Documents (Bank of the Philippine Islands, 2018)

 Employee/Professional
- Government-issued photo-bearing ID (Passport, Driver's
License, SSS, PRC, etc.)
- 3 months original pay slip and/or Latest Income Tax Return with
BIR or Bank stamp (BIR Form 2316)
 Self-Employed
- Government-issued photo-bearing ID (Passport, Driver's
License, SSS, PRC, etc.)
- Audited Financial Statements for the last 3 years
- Latest Income Tax Return (BIR Form 1700 / 1701)
- DTI Business Permit or SEC Registration
 Overseas Worker
- Government-issued photo-bearing ID (Passport, Driver's
License, SSS, PRC, etc.)
- Agency based: POEA contract OR Employment contract with
boarding date
Direct hire OFW: Latest & Unexpired POEA Validated OR Latest
POEA Overseas Employment Certificate (OEC) and Latest
Employment Contract (in Lieu of OEC print-out: OEC Exemption
Screenshot with OEC BM Online Profile) OR Consularized COE (if
 remitter is permanent resident in the country), Latest 3 months proof
of remittance.
Direct-hire Allottee: Latest & Unexpired POEA Validated
Information Sheet OR Latest Employment Contract OR
Consularized COE (if remitter is permanent resident in the country),
Latest 3 months proof of remittance
c. Terms and Conditions (Bank of the Philippine Islands, 2018)
Account Balance Inquiry – You can access the Available Balance or the
withdrawable balance of each of your Accounts as of the date and time of
your inquiry exclusive of uncleared check deposits, and any amount on hold
and transactions under process and the Total Balance as of the date specified
inclusive of check deposits. Likewise, you can also access the balance of
your investment accounts as of the date and time indicated upon inquiry
exclusive of transactions and requests under process. Auto and housing loan
information are also available as of the date and time indicated upon inquiry
exclusive of transactions and requests under process.
2. EastWest Bank
a. Interest rates (EastWest Bank, 2018)

Interest Rates for Loans

b. Required Documents (EastWest Bank, 2018)
 Completely filled-out EastWest Online Personal Loan Application
Form
 Photocopy of at least one (1) valid digitized photo-bearing and
signature-bearing I.D.'s issued in the Philippines (i.e. Driver's
License, Philippine Passport, Professional Regulation Commission
(PRC) I.D., SSS I.D., BIR ID, Voter's I.D., Integrated Bar of the
Philippines I.D., and Unified SSS/GSIS and TIN I.D.). Company
I.D.'s issued by private entities or institutions registered with or
supervised or regulated either by the BSP, SEC or IC may also be
submitted.
 (For Foreign Nationals Only) ANY of the following Proof of
Residence: Alien Certificate of Registration, Immigrant Certificate
of Registration or Photocopy of Resident Visa stamp on Passport
 Proof of Income as follows:
o If employed, submit ANY of the following:
- Photocopy of latest ITR/BIR Form 2316; or
- Photocopy of latest three months pay slips; or
- Valid Credit Card reference or its latest Credit Card
Statement of Account
- Other documents that may be required for further
verification
o If self-employed, submit ALL of the following:
- Photocopy of latest ITR/BIR Form 1701 and Audited Financial
Statements
- DTI Registration Certificate (for Sole Proprietorship) or SEC
Registration Certificate with page stating shares owned by the
applicant (for Partnerships or Corporations)
- Valid Credit Card reference or its latest Credit Card Statement
of Account
 - Other documents that may be required for further verification
such as Business Permit or Mayor's Permit
c. Terms and Conditions (EastWest Bank, 2018)
 Use of Loan Proceeds - The proceeds of his/her Personal Loan will
not be used for any purpose or in any endeavor which is against
Philippine laws, rules or regulations. Furthermore, the proceeds of
his/her Personal Loan will be used for the purpose stated on his/her
application.
 Other Deeds - The Borrower shall execute and deliver such further
instruments and perform such other acts as the Bank may deem
necessary or proper to more effectively carry out the intention of this
PN; and
 Fees - The Borrower shall pay any and all taxes, fees, and expenses
in connection with the execution of this PN, including any
extension, renewal, amendment, or cancellation of this PN. Fees and
charges which are deducted from the loan proceeds shall be non-
refundable in any case.
 Performance of Agreement - The Borrower shall pay the Obligation
and perform all covenants and agreements set forth in this PN.
3. Banco de Oro
a. Interest Rates (Banco de Oro, 2012)
Interest Rate of Personal Loans

b. Required Documents (Banco de Oro, 2012)

 Proof of Income for Salaried Employees
o Photocopy of the latest BIR Form 2316 or W2 signed by
employer's authorized representative (MANDATORY) and
submit any of the following:
o Original Certificate of Employment and Income (COEI) issued
in the last three (3) months indicating status, length of service
and breakdown of compensation
o Photocopy of last full month pay slip
 Proof of Income for Self-Employed/Professionals
o Photocopy of Registration of Business Name
o For Single Proprietorship issued by the DTI (Department of
Trade and Industry)
o For Partnerships issued by the SEC (Securities and Exchange
Commission)
 o Photocopy of latest ITR and W4 with BIR/Bank Stamp
(MANDATORY)
o Photocopy of latest Audited Financial Statements for the last
two (2) years
o Photocopy of Bank Statements for the last six (6) months
(OPTIONAL)
 Proof of Identification - Photocopy of at least two (2) valid photo-
bearing identification documents, front and back, issued and signed
by an official authority such as:
c. Terms and Conditions
Basic Requirements
 Filipino citizen or foreigner residing in the Philippines for more
than two (2) years
 Must be 21 years old at time of application but no more than 70
years old upon maturity
 Minimum Gross Annual income
 P120,000 for Salaried Employees
 P400,000 for Self-Employed / Professionals
 Must have a mobile phone and at least 1 landline phone at either
residence or office
 Residence or office must be within BDO serviceable area
 Additional application requirement for Salaried Employees
 Must be at least one (1) year tenure with the company
 Additional application requirement for Self-Employed
 Must be a sole proprietor or majority part-owner of a company
operating for at least two (2) years.
 Additional application requirement for Professionals
 Must be in private practice for at least one (1) year
References:

BDO Peso Money Market Fund. (2012, March 27). Retrieved November 21, 2018, from
https://www.bdo.com.ph/personal/trust-and-investments/peso-denominated-uitfs/bdo-
peso-money-market-fund

Banco de Oro. (2012, March 14). Peso Time Deposit. Retrieved November 21, 2018, from
https://www.bdo.com.ph/personal/accounts/peso-time-deposit/time-deposit

Banco de Oro. (2012, March 28). Personal Loan. Retrieved November 21, 2018, from
https://www.bdo.com.ph/personal/loans/personal-loan

Banco de Oro. (2012, March 28). Personal Loan. Retrieved November 21, 2018, from
https://www.bdo.com.ph/personal/loans/personal-loan

Banco de Oro. (2013, November 27). Unit Investment Trust Funds - Documentary
Requirements. Retrieved November 21, 2018, from https://www.bdo.com.ph/trust-and-
investments/unit-investment-trust-funds-documentary-requirements

Banco de Oro. (2017, September 07). How to Open an Account. Retrieved November 21,
2018, from https://www.bdo.com.ph/personal/accounts/how-to-open-an-account

Banco de Oro. (2017, July 28). BBG-Terms-and-Conditions[.pdf].

Banco de Oro. (2018, October 12). Peso Savings Accounts. Retrieved November 21, 2018,
from https://www.bdo.com.ph/personal/accounts/peso-savings-account

Bank of the Philippine Islands. (2018). Personal Loans Features. Retrieved November 21,
2018, from https://www.bpiexpressonline.com/p/1/125/personal-loan-features

Bank of the Philippine Islands. (2018). Deposit Rates. Retrieved November 21, 2018, from
https://www.bpiexpressonline.com/p/1/326/deposit-rates-savings-and-checking

Bank of the Philippine Islands. (2018). BPI Money Market Fund. Retrieved November 21,
2018, from https://www.bpiassetmanagement.com/pages/bpi-money-market-fund
Bank of the Philippine Islands. (2018). Time Deposit Rates. Retrieved November 21, 2018,
from https://www.bpiexpressonline.com/p/0/87/time-deposit-rates

EastWest Bank. (2018). Apply Deposit. Retrieved November 21, 2018, from
https://www.eastwestbanker.com/info/ew_Apply_Deposit.asp

EastWest Bank. (2018). Deposit Terms. Retrieved November 21, 2018, from
https://www.eastwestbanker.com/info/DepositTerms.asp

EastWest Bank. (2018). Eastwest Peso Money Market Fund UITF. Retrieved November 21,
2018, from https://www.eastwestbanker.com/info/pi_ipesomoney.asp

EastWest Bank. (2018). Interest Rates. Retrieved from

https://www.eastwestbanker.com/info/pb_irates09.asp

EastWest Bank. (2018). TERMS AND CONDITIONS GOVERNING EASTWEST

PERSONAL LOAN. Retrieved November 21, 2018, from
https://www.eastwestbanker.com/info/pl_tac.asp

Philippine Stock Exchange. (2018, November 20). EEI Corporation. Retrieved November
20, 2018, from
https://www.pse.com.ph/stockMarket/companyInfo.html?id=71&security=148&tab=0

Philippine Stock Exchange. (2018, November). PSE Weekly Watch[.pdf].