ATM Savings Account

  • Savings Deposit Account that allows you to save and earn a fixed interest rate and enjoy a 24-hour banking convenience with the use of ATM card.
  • Withdraw anytime thru Bancnet, Megalink and Expressnet ATMs nationwide.
  • Avail of the Bancnetonline facilities thru the use of their ATM card
  • Client may avail of the following ATM Services 24 hours a day, 7 days a week: (a) Balance Inquiry; (b) Bills Payment; (c) Cash Withdrawal; (d) Cashless Shopping; (e) Funds Transfer; (f) Checkbook Request; (g) Request of mini-statement of account; and (h) PIN Change


Product Features
 Regular ClientSSS PensionerEmployee’s Payroll
Minimum Initial Deposit₱500.00₱100.00₱100.00
Maintaining balance requirement-based on MADB¹500.00₱100.00₱100.00
Required MADB¹ to Earn Interest₱1,000.00₱1,000.00₱1,000.00
Gross Interest Rate Per Annum0.25%0.25%0.25%
Evidence of DepositATMATMATM
Interest CreditingQuarterlyQuarterlyQuarterly
Maximum Withdrawal per day₱20,000.00₱20,000.00₱20,000.00

¹MADB – Monthly Average Daily Balance


Fees and Charges
Balance Inquiry Fee (Other Banks ATM)₱1.00
Withdrawal Fee (Other Banks ATM)10.00 – ₱13.00 (depending on servicing bank)
Account Closure²₱100.00
Falling Below Minimum Balance³₱200.00 / Waived for SSS Pensioners’ and Payroll Accounts
Account Dormancy⁴₱30.00 per month
Replacement of Lost/Damaged Passbook₱100.00
Change of ATM PIN
Transaction Statement
₱50.00 plus ₱20.00 for every additional sheet
Certification Fee₱200.00 plus ₱30.00 (documentary stamps)
Withholding Tax for Interest Earned20%
²Account Closure Fee will be collected if account is closed within 30 days from account opening.
³Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months.
⁴Account Dormancy Fee will be collected if account is dormant and falls below the required minimum MADB.
  • A savings account is dormant if it has no client-initiated activity for two (2) years.
  • Collection will start five (5) years after the last client-initiated activity date.


Benefits to Clients
  • Client can access their funds anytime and anywhere in the Philippines.
  • With withdrawal limit of ₱10,000.00 per transaction (Withdrawal limit may vary depending on the bank)
  • Account earns interest


  • Completely filled-out bank forms
  • Customer Information Sheet (CIS) for Individual Clients
  • Signature Card
  • Presentation of at least one primary ID or two valid secondary IDs, one of which with photo and signature
  • Additional for SSS Pensioners Acccounts:
    • SSS Identification Card/UMID
    • Letter of Introduction from SSS
  • Additional for Employees’ Payroll Accounts:
    • Employer with existing MOA-Payroll arrangement with the bank
    • IDs should be the Company ID plus additional government issued ID


Contact Information

For more information, please feel free to call or visit your nearest or preferred OF Bank Branch.