Reminder
- Admin
- Aug 9, 2018
- 1 min read
Dormant account or savings account showing no deposit or withdrawal for a period of two (2) years do not earn interest.
Closure of Regular Savings Deposit account within 3 months shall be charged with service fee of Fifty Pesos(P50.00)
Starting January 31,2018, Dormant account falling below the average daily balance and with no deposit or withdrawal for five years shall be imposed with Thirty (P30.00) pesos dormancy fee.
Pursuant to Banko Sentral ng Pilipinas regulation, dormant account with no activity for 10 years will be included in the list of unclaimed balances to be submitted to the Treasurer of the Treasurer of the Philippines (Treasurer) for escheat in accordance with the Unclaimed Balances Act (RA3936).
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