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DEPOSIT ACCOUNT
Savings account
TAP Mastercard do not have any maintaining account or what they call
zero-maintaining savings account and can be used to withdraw cash, check
balance and purchase goods and services wherever Mastercard and Maestro are
accepted. Minimum average daily balance to earn interest is Php 10,000.
Top saver account is a special savings account that earns for bigger
balances with tiered interest on top of the regular savings account rate. It comes
with a passbook or a PNB-PAL Mabuhay Miles Debit Mastercard. Tiered rate
tiered-rate account is a checking or savings account that pays interest at higher
rates as the account balance increases. Primarily Php 30,000 is needed to avail
this account.
“My first savings” is suitable for students especially for 7 years old and
below. As signatory of the account are the parents or legal guardians considered
as "IN TRUST FOR" (ITF) with no maintaining balance. However, minimum of
Php 5,000 is needed for average daily balance to earn interest.
Debit account lite is a savings account fit for microbusiness and low-income
households. It provides access without the need for maintaining a monthly
balance. However, a certain amount of cash is needed to earn interests, a
minimum of Php 10,000 average daily balance to earn interest. This account also
has its maximum amount account balance and total deposit in a year which is Php
50,000 and Php 100,000 respectively.
Checking accounts
These are accounts provided by the bank to experience a hassle-free payment.
These are preferable to those who want to secure and have more savings.
Given below are the corresponding requirements and rates.
These are provided by the bank for the convenience of those who transact
internationally. These secure and maximize foreign currencies. For easier
monitoring of account, these accounts come with a passbook. PNB Savings
Account allows deposit and withdrawal at any authorized PNB branch
nationwide. The interest rate provided for this product is 0.100% p.a.
CARDS
PNB Credit Cards allow the cardholder to purchase products and services in-store
and online within the set credit limit. These products are PNB Master Card,
PNB-PAL Mabuhay Miles Mastercard, PNB Visa, PNB Diamond UnionPay. It also
provides benefits for the convenience of the users such as the opportunity to
build credit, earn rewards and cash back, and protect against credit card fraud.
The following are the benefits of availing this product:
PNB PAL Mabuhay Miles World Mastercard which has a free 2,000
Mabuhay Mile welcome gift upon card activation, additional free 10,000
Mabuhay Miles upon reaching 100K-worth of transaction at PAL, priority
check-in at PAL international flights when booked online, low point-to-mile
conversion, free travel insurance for up to 10M, & free purchase protection
insurance of up to 250K.
PNB Banc Assurance provides solid financial services to help ensure and
protect one’s future and offers insurance products one can bank on.
Listed below are the Non-Life Insurance that PNB offers:
Auto Protector Plan basically protects and insures auto vehicles from any
accidental damage and other day-to-day risks.
House Protector Plan protects home against fire, theft and other
fortuitous events.
6-in-1 Family Accident Protector Plan protect debtor and he’s family 24
hours a day, 365 days a year, anywhere in the world. Each case have
corresponding insurance.
Accidental Death / Loss of Life where in the plan shall pay 100% of the
Principal Sum in the event of an injury resulting to death within twelve (12)
months from the date of accident
Accidental Permanent Disablement where in the plan shall pay up to 100%
of the Capital sum in the event of an injury resulting to total permanent
disability or total loss of use of any part(s) of the body within twelve (12)
months, as stated in the schedule of benefits under the policy.
Unprovoked Murder and Assault where in the plan extends to cover
death or disablement caused by Murder or Assault or any attempt
threat, provided such murder or assault shall not have been provoked by
the insured person.
Medical Reimbursement where in the plan shall reimburse all the
expenses incurred within one (1) year from the date of accident, up to the
maximum amount selected per accident.
Daily Hospital Confinement / Daily Hospital Income where in the plan
shall pay the actual amount selected for each day, up to thirty (30) days,
while the insured person is confined in a hospital as a result of an
accidental bodily injury.
Accident Burial Expense where in the plan shall pay for burial expenses
in the event of death/loss of life of the insured person, as a result of an
accidental bodily injuries, up to the chosen plan limit.
ATMSafe
With the recent news of widespread ATM scams across the country, securing
ATM cards is a must. ATMSafe protects hard earned money withdrawn through
any ATM that accepts PNB Cards.
For just Php 12.00 per month, ATMSafe replaces money stolen from a
cardholder’s account as a result of skimming or any of the other forms of rampant
ATM theft scams. ATMSafe also ensures the safety of PNB ATM cardholders as it
restores money stolen during an ATM robbery – up to Php 50,000 for a maximum
of three (3) incidents per year.
1st incident will be refunded 100% of the amount of loss; 2nd incident - 50%; and
third incident - 25%. Other benefits of the program include: accidental death of
Php 112,500; hospital confinement benefit of Php 2,250 per day, maximum of
thirty (30) days; replacement of lost cash incurred from machine tampering of Php
50,000; trauma and emergency assistance; document replacement benefit; quick
processing of claims; identity theft restoration; and 24/7 coverage anywhere in the
world.
Life Insurance
The Life insurance product provider of PNB Bancassurance is Allianz PNB Life
Insurance, Inc., one of the major life insurers in the Philippines, and a leading
provider of Variable Life Products, complemented by a full line of Life protection
offerings for individuals and institutions. Allianz PNB Life is a subsidiary of Allianz
SE, and an affiliate of Philippine National Bank.
Diversify Peso
Allianz PNB Life’s Diversify Peso brings together the opportunities of investing in
expertly managed funds and the security of having insurance protection of at least
5X of the customer’s basic annual regular premium.
Critical Illness 100
100 insures 100 major medical conditions to cover expenses from medicines to
therapy and even surgeries.
Optimum Gold/ Optimum Green
Allianz PNB Life’s Optimum Gold is a peso-denominated, single-pay, whole life
plan with a value that is directly linked to the performance of the underlying fund.
It brings together the opportunities of investing in expertly, managed funds with its
guaranteed insurance protection of at least 125% of the investment.
Financial products of PNB General Insurers Co., Inc. and Allianz PNB Life
Insurance, Inc. are not insured by the Philippine Deposit Insurance Corporation
and are not guaranteed by the Philippine National Bank.
Loans
*PNB Housing Loans allow Filipinos and non-Filipinos to obtain a bank financing
of residential properties in the Philippines. Refer below for the requirements.
Requirements
Housing Loan Application Form (duly accomplished)
Photocopy of 2 Valid Government-issued IDs
Appraisal Fee of P3,500 (non-refundable)
The following individuals are eligible in applying for a housing loan: Filipino
citizens; Natural-born Filipinos who have lost their Filipino citizenship (up to a
maximum lot area of 1,000 sq.m. only) ;Resident foreigners with permanent VISA
(limited to acquisition of condominium units only); At least 21 years of age,but not
more than 65 years of age upon loan maturity; Employed or self-employed
individuals.
PNB Digital Banking is the online banking channel where PNB bank customers
can transact anytime, anywhere. Customers can access PNB Digital Banking by
using either desktop/laptop/tablet through PNB Internet Banking or mobile device
through the PNB Mobile Banking App.
Investments
Philippine National Bank (PNB) offers a wide selection of Unit Investment Trust
Funds (UITFs) suited for the clients’ financial goals. UITFs are investment
products that allow the pooling of funds from various investors with similar
objectives. These funds are managed by professional fund managers and are
invested in various financial instruments such as government securities, bonds,
commercial papers, and deposit products. Among PNB’s UITFs are the
Institutional Money Market Fund and the Enhanced Phil-Index Reference Fund.
The Bank developed the PNB Institutional Money Market Fund, an investment
scheme that provides corporate investors with conservative risk appetite potential
higher returns on their investment. The fund is invested in a portfolio of bank
deposits and other deposit instruments allowed by the BSP, with a maximum
weighted average duration of one year. The PNB Institutional Money Market Fund
has a minimum holding period of only three banking days, making it suitable for
clients with short-term investment goals.
The PNB Enhanced Phil-Index Reference Fund is ideal for clients who want to
invest in Philippine Stock Exchange Index (PSEi) stocks. It is invested in all of the
securities that make up the PSEi by using the index weighting in order to track
and mimic its performance.
References:
https://www.pnb.com.ph/