pbb fees and charges

CURRENT ACCOU NTEXISTING FEEES AND CHARGES IN PBBPENALTY FOR FALLING BELOW REQUIRED MINIMUM BALANCEP 100.00 PER MONTHSERVICE CHARGE ON EARLY CLOSINGP 100.00 IF ACCOUNT IS CLOSED WITHIN 30 DAYS FROM OPENING DATEDORMANCY FEEP 100.00 PER MONTHCOST OF CHECK BOOKA. PERSONAL-50 PCS./BOOKLETP150 PER BOOKLETB. COMMERCIAL -100 PCS. /BOOKLET350 PER BOOKLETSERVICE CHARGE /PENALTY ON DISHONORED/RETURNED CHECKS(RCOCI)A. SERVICE CHARGEP 2,000.00 PER ITEM, DISTRIBUTED AS FOLLOWS: A.) P 1,000.00- PRESENTING BANKB.) P 1,000.00-DRAWEE BANKB. PENALTY CHARGE FOR THE REASONINSUFFICIENCY OF FUNDS (DAIF)P 200.00 FOR EVERY P40,000 AMOUNT OF CHECK OR A FRACTION THEREOFDRAWN AGAINST UNCOLLECTED DEPOSIT (DAUD)STOP PAYMENT ORDER (SPO)A. UPON APPLICATION FOR SPOP 100.00B. UPON NEGOTIATION OF THE CHECKSERVICE CHARGEP 1,000.00 ( WITH OR WITHOUT FUNDS)PENALTY CHARGEWITH FUNDSNONEWITHOUT FUNDSP 200.00 FOR EVERY P40,000 AMOUNT OF CHECK OR A FRACTION THEREOF

C. UPON RETURN OF CHECKSERVICE CHARGEP 1,000.00 (WITH OR WITHOUR FUNDS)

CERTIFICATES OF ACCOUNT BALANCE (APPLICABLE TO ALL TYPES OF DEPOSITS)P 100.00REQUEST FOR PREVIOUS MONTH/S' BANK STATEMENTP10. PER PAGE, MINIMUM OF P 100.00

SAVINGS ACCOUNTSWITHHOLDING TAX ON INTEREST EARNED20%SERVICE CHARGE ON EARLY CLOSINGP 100.00 IF ACCOUNT IS CLOSED WITIN 30 DAYS FROM OPENING DATEPENALTY FOR FALLING BELOW REQUIRED MINIMUM BALANCEA. REGULAR ACCOUNTP 100.00B. CAMPUS SAVERS CLUB ACCOUNTNONEC. PAYROLL ACCOUNTNONEREPLACEMENT OF LOST PASSBOOKAFFIDAVIT OF LOSSDORMANCY FEEP 100.00 PER MONTH

TIME DEPOSIT A. WITHHOLDING TAX ON INTEREST EARNED20%B. PRE-TERMINATION PENALTY1ST HALF -25% OF THE OUTEE INTEREST RATE2ND HALF -50% OF THE QOUTED INTEREST RATE

MANAGER'S CHECKSALE OF MCP 25.00GIFT CHECKSALE OF GIFT CHECKP 25.00DOLLAR SAVINGS TIME DEPOSITDEPOSITA. NOTESNO CHARGE. HOLDING PERIOD OF 15 BANKING DAYSB. CHECKSNO CHARGE. HOLDING PERIOD OF 30 BANKING DAYSD. INCOMING REMITTANCES-FOREIGN ( COURSED THRU LOCAL BANK)$2.00E. WITHHOLDING TAX ON INTEREST EARNED7.50%WITHDRAWALA. BY TTCABLE -$20.00 OR P500.00 , WHICHEVER IS HIGHER.B. BY DDCABLE -$10.00CANCELLATION/REPLACEMENT OF DD$ 5.00 P 200.00, WHICHEVER IS HIGHERRETURNED CHECKS$10.00 PER RETURNED ITEM PLUS CORRESPONDENT BANKPENALTY FOR FALLING BELOW REQUIRED MINIMUM BALANCE$2.00DORMANCY FEE$5.00CLOSING FEE ON ACCOUNTS CLOSED WITHIN 30 DAYS FROM OPENING DATE$2.00REPLACEMENT OF LOST PASSBOOK$2.00 OR P 50.00 WHICHEVER IS HIGHER.CERTIFICATION OF DOLLAR ACCOUNT BALANCE$2.OO OR P 50.00, WHICHEVER IS HIGHERPRE TERMNINATION PENALTY ON US $ TIME DEPOSITPREVAILING $ SA RATE.A. IF MORE THAN 15 DAYSNO INTERESTB. IF LESS THAN 15 DAYSNO INTEREST

savings account pesoCONCEPT PAPER FOR BANK FEES AND CHARGES

I. INTRODUCTION:As the Banking Industry grew throughout the years since 1751, banks now days are being faced with new challenges to cope up with the existing stiff competition in the industry. Majority of the financial institutions shift from the traditional generation of interest income and instead focused in generating fee-based income to address high costs of technology and system automation. ADB requirement being requested from clients back-and-forth for a product or service has an unstable yield due to the competition. However, clients also maximizing their liquidity have the tendency to fully utilize their Cash in banks and instead settle for fee-based products and services to better manage individual funds. Though, Philippine Business Bank has established fees and charges, a proposal is being recommended to revise and increase particular fees and charges so as to generate more income for the BANK. 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 Generation and Product Development Center versus fees and charges of various financial institutions. Please see template below indicating the on chart and current fees and charges of the bank as indicated below:

SAVINGS ACCOUNTITEMSPBBRCBCBPIEAST WEST BANKALLIED BANKPS BANKMETROBANKCHINA BANKBDOUCPBSECURITY BANKFalling Below Maintaining Balance charges (Monthly)100220(PERSONAL) 550 (CORPORATE)500.00(maxi-one with passbook)500200300300200300200200Replacement Fee for lost ATM card1001101001105015015050160160150Replacement Fee for lost Passbook 50.00 and Affidavit of Loss110200110150 w/ affidavit of loss100 w/ affidavit of Loss form200200 w/ affidavit of loss250Early Closure (w/in 30 Days)100330500500500(within 60 days)200200200200210200Dormant Account Charges 100.00/ month (inactive for 2yrs.)220200500/month300/month450N/A200N/A200350Deposit Charge for inter-branch withdrawal/deposit100.00 per transaction110501005010050100Interbank Funds Transfer (IBFT) ChargesN/A27.550.00 per transactionthru onlinethru online tru online5025thru online50thru onlineBank Certification Fee 100.00 per transaction250100120200250Bank Statement (Snapshot) Request Fee1011/page100 per 1st 3 pages AND 10.00 For every succeeding page.20/page10/page11/page50/page

PESO CURRENT ACCOUNTITEMSPBBRCBCBPIEAST WEST BANKALLIED BANKPS BANKMETRO BANKCHINA BANKBDOUCPBSECURITY BANKFalling Below Maintaining Balance charges (Monthly)100330.00(PERSONAL)/ 550.00 CORPORATE500500200300300200300200200Early Closure (w/in 30 Days)10033050050020015050160160150Dormant Account Charges 100.00/ month (inactive for 2yrs.)220200500/month300/month450N/A200N/A200350Deposit Charge for inter-branch withdrawal/deposit100.00 per transaction110501005010050100Interbank Funds Transfer (IBFT) Fee* N/A27.550.00 per transactionthru onlineBank Certification Fee 100.00 per transaction250100120200250Bank Statement (Snapshot) Request Fee1011/page100 per 1st 3 pages AND 10.00 For every succeeding page.20/page10/page11/page50/pageCheckbook Charge165.00 (PERSONAL)/ 350 (CORPORATE165.00 (PERSONAL)/ 320 (CORPORATE175.00 (regular)/ 350 (commercial) 175.00 (regular)/ 350 (commercial)165 PERSO NAL)100(PERSONAL)165 PERSO NAL)175 (PERSONAL)175 (PERSONAL)165 PERSONAL)Application Fee for SPO100200200100/APPLICATION150100200200300Returned FUNDED Checks (SC only)1,000.002,000.002,000.002,000.00Service charge for each returned check1,000.00Returned UFUNDED Checks (SC + PC)2,000.002,000.002,000.002,000.00Honored Checks (SC + PC)**1,000.001,000.00Returned Unhonored Checks (SC + PC)**2,000.002,000.002,000.00

FCDU Savings Accounts in US Dollar SAITEMSPBBRCBCBPIEAST WEST BANKALLIED BANKPS BANKCHINA BANKBDOUCPBSECURITY BANKBelow Minimum ADB Fee$ 2.00/month$10.00$5.00$5.00$5.00$ 2.00/month$5.00$5.00Replacement Fee for lost Passbook$ 2.00 and Affidavit of Loss$5.00$15.00110Early Closure w/in 30 Days$2.00$5.50$15.00$5.00$5.00$2.00$5.00$5.00$5.00$5.00Dormant Account Fee$ 5.00/month(inactive for 2 yrs.)$10.00$5.00$5.00

ATM OVER-THE-COUNTERITEMSPBBRCBCBPIALLIED BANKPS BANKMETROBANKBDOUCPBSECURITY BANKCash Drawing2250100NA100NA1202510

Using Other BancNet Member Bank's ATMsITEMSPBBRCBCBPIEAST WEST BANKALLIED BANKPS BANKMETROBANKCHINA BANKBDOUCPBSECURITY BANKBalance Inquiry221.51.512212.2521Cash Drawing12121515101011101112

Other ServicesITEMSPBBRCBCBPIEAST WEST BANKPS BANKMETROBANKCHINA BANKBDOUCPBSECURITY BANKManager's Check25555050505050505050Gift Check255515Traveler's CheckN/A1.12% commissionKey Deposit Rates10008251000SDB Rental Feedepending on sizedepending on sizedepending on sizedepending on sizedepending on sizedepending on sizedepending on sizedepending on sizedepending on sizedepending on size

Domestic RemittancesITEMSPBBRCBCBPIEAST WEST BANKDomestic Outward - RTGS (PHP) CommissionPHP 200.00150Domestic Outward - PDDTS (USD) CommissionUS$ 11.00US$ 10.00Domestic Outward - PDDTS (USD) Bank FeeUS$ 5.00US$ 6.50Domestic Inward - PDDTS CommissionUS$ 10.00150Domestic Inward - PDDTS Bank FeeUS$ 5.00n/aUS$ 5.00

Foreign Inward RemittancesITEMSPBBRCBCMETROBANKCHINA BANKCommissionUS$ 5.00US$ 1.50Foreign Bank FeeP 100.00US$ 5.00US$ 5.00US$ 8.00

Foreign Outward RemittancesITEMSPBBRCBCMETROBANKCHINA BANKCommission1/4 of 1 % P 100,000. 1/8 of 1 % in excess of P 100,000 minimum o f P 50.00US$ 11.001/4 of 1% (0.0025).mimimun 100Foreign Bank FeeUS$ 15.00US$ 5.00CablePHP 600.00500500

PROPOSED FEES AND CHARGES AMENDMENT

BENEFITS

1 It will serve as a fixed income of the bank.PROJECT TIMELINE

To be presented in BBGTo be presented to the board

A project timeline shall be provided by BBG in time for the launching after the proto-type has been given a green signal by all the concerned unit/centers.

RECOMMENDATION/CONCLUSION:

current acountPESO CURRENT ACCOUNTITEMSPBBRCBCBPIEAST WEST BANKALLIED BANKPS BANKMETRO BANKCHINA BANKBDOUCPBSECURITY BANKBelow Minimum ADB Fee100330.00(PERSONAL)/ 550.00 CORPORATE500500200300Early Closure (w/in 30 Days)100330500500200Dormant Account Fee100.00/ month (inactive for 2yrs.) 220200500450Deposit Charge for inter-branch deposit (provincial transaction)100110100Interbank Funds Transfer (IBFT) Fee* N/A27.550.00 per transactionBank Certification Fee (Current Account)100.00 per transaction250100120Bank Statement (Snapshot) Request Fee1011100 per 1st 3 pages AND 10.00 For every succeeding page.20/page10/page11/page50/pageCheckbook Charge165.00 (PERSONAL)/ 350 (CORPORATE165.00 (PERSONAL)/ 320 (CORPORATE175.00 (regular)/ 350 (commercial) 175.00 (regular)/ 350 (commercial)165 PERSO NAL)100(PERSONAL)165 PERSO NAL)175 (PERSONAL)175 (PERSONAL)165 PERSONAL)Counter Check (per piece)N/A55Check Retrieval - Regular (7 days)N/A100Check Retrieval - Special (3 days)N/A600Stop Payment OrderApplication Fee for SPO100200200100/APPLICATION150100200200300Returned FUNDED Checks (SC only)1,000.002,000.002,000.002,000.00Service charge for each returned check1,000.00Returned UFUNDED Checks (SC + PC)2,000.002,000.002,000.002,000.00Service charge for each returned check1,000.00Temporary Over DraftHonored Checks (SC + PC)**1,000.001,000.00Service charge for each returned checkPenalty Chargevaries per checkReturned Unhonored Checks (SC + PC)**2,000.002,000.00