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Earns interest based on the official rate prescribed by the Bank
for the foreign currency |
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Allows you to receive and send funds through telegraphic transfer,
Bank Drafts and Traveler's Checks |
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Interest is paid quarterly subject to withholding tax rate prescribed by the BIR |
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Eligible as collateral for Peso or Dollar
Loan |
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Deposits up to equivalent of P250,000 are insured with PDIC |
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Initial deposit required: US$ 500 |
Note: |
Other foreign currencies shall be accepted for deposit on a case-to-case
basis subject to the approval of the authorized Branch Officer.
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