NEW POLICY ON U.S. DOLLAR INTERBRANCH TRANSACTIONS
Effective
July 1, 2007, the service fee on interbranch cash deposit
/ withdrawal / fund transfer involving US$ Savings Account
shall be as follows:
A.
Interbranch Dollar Savings Account Cash
Deposit
1.
Local
Free
of charge
2.
Regional
US$2,000 and below
US$2.00
per deposit slip
Above US$2,000
.001
of amount per deposit slip
B.
Interbranch Dollar Savings Account Withdrawal(availability subject
to prior approval of authorized officer)
1.
Local
US$2,000 and below
US$1.00
per withdrawal slip
Above US$2,000
0.0005
of amount per withdrawal slip
2.
Regional
US$2,000 and below
US$2.00
per withdrawal slip
Above US$2,000
0.0012
of amount per withdrawal slip
C.
Interbranch Fund Transfer from Dollar Savings
Account where both accounts to be debited
or credited are not maintained in the servicing
branch
1.
Local
US$1.00
per transaction, regardless of amount
2.
Regional
US$2.00
per transaction, regardless of amount
D.
Interbranch Fund Transfer from Dollar Savings
Account where both or either one of the
accounts to be debited or credited is maintained
in the servicing branch
Free
of charge
Interbranch
transactions refer to deposits, withdrawal or
fund transfer transactions made in a branch
that is not the maintaining branch of the account
where the funds are to be deposited or withdrawn.
An
interbranch transaction is considered as Local
when the transacting branch has the same telephone
area code as that of the maintaining branch.
When the maintaining branch is outside of the
transacting branch's telephone area code, the
interbranch transaction is considered as Regional.
