1. The depositor agrees that this savings account is governed by the laws and regulations, as well as future amendments thereof, adopted and issued by the Legislators Monetary Board of the Bangko Sentral ng Pilipinas and by the Rural Bank’s Board of Directors.
2. This savings passbook must be presented every time a deposit or withdrawal is made.
3. The depositor should ensure that the correct savings account number is indicated on all transactions (deposit or withdrawal slips) over their account. The bank will not be liable for errors in bookkeeping caused by an incorrect/missing account number, notwithstanding the presence of their correct name and transaction.
4. Deposits shall earn interest at such rate determined by the Bank in accordance with the pertinent regulations/guidelines issued by the Bangko Sentral ng Pilipinas. Computation of interest is based on actual daily/cleared balance compounded and credited quarterly. However if the balance falls below one thousand pesos (P1,000.00) on any day, the account will not earn interest during the day.
5. Any claim by the depositor against any erroneous entry in this passbook must be made by him/her before leaving the bank or on the occ asion when the entry is made.
6. All savings account that fall below the required average daily balance (ADB) of five hundred pesos (PhP500.00) for at least two (2) consecutive months shall be charged a monthly maintenance fee equivalent to Two Hundred Pesos (PhP200.00). The service fee shall be automatically debited from the savings account balance.
7. Savings account showing no activity for two (2) years shall be classified as Dormant. Additionally, dormant savings account that falls below the required monthly average daily balance (ADB) of PhP500.00 shall be charged with a monthly dormancy fee of Thirty Pesos (PhP30.00) if account shows no activity for five years and the balance has fallen below the required minimum monthly ADB. The service fee shall be immediately debited from the dormant savings account. Note: The average daily balance (ADB) of PhP500.00 is subject to change upon prior notice to depositors.
8. Further, savings account with no activity during the preceding ten (10) years or more shall be escheated in favor of the Treasurer of the Philippines pursuant to Republic Act No. 3936 otherwise known as the Unclaimed Balances Law.
9. Updating of records and specimen signature/s shall be done regularly by the accountholder/s pursuant to banking regulations. Any update in the depositor’s information/documents shall be reported to the bank.
10. Reactivation and closure of accounts shall require the presence of all the accountholder/s and ensure updated information and records.
11. Depositors must under no circumstances write anything on the passbook, as the Bank will not be responsible for any sum not properly recorded and acknowledged thereon. No entries in the passbook shall be made except by the bank. The passbook is not conclusive evidence of the balance of this account.
12. Notify the bank immediately in case of loss or destruction of this passbook.
13. The depositor, upon signing his/her specimen signatures and making the initial deposit shall be deemed to have agreed and consented to the above Terms and Conditions. Depositors are presumed to have read and accepted the foregoing Terms and Conditions. These terms Conditions are considered integral part of the Contract of Deposit between the depositor and this bank.

Deposit Insured with Philippine Deposit Insurance Corporation in the amount of five hundred thousand pesos P500,000.00

1. The depositor agrees that this current account is governed by the laws and regulations, as well as future amendments thereof, adopted and issued by the Legislators Monetary Board of the Bangko Sentral ng Pilipinas and by the Rural Banks Board of Directors.
2. This current account passbook must be presented every time a deposit is made.
3. The depositor should ensure that the correct current account number is indicated on all transactions (deposit slip) over their account. The bank will not be liable for errors in bookkeeping caused by an incorrect/missing account number, notwithstanding the presence of their correct name on the transaction.
4. Deposits shall earn interest at such rate determined by the Bank in accordance with the pertinent regulations/guidelines issued by the Bangko Sentral ng Pilipinas. Computation of interest is based on actual daily/cleared balance compounded and credited quarterly. However, if the balance falls below fifty thousand pesos (PhP50, 000.00) on any day the account will not earn interest during the day.
5. Any claim by the depositor against any erroneous entry in this passbook must be made by him before leaving the bank or on the occasion when the entry is made.
6. All current account that fall below the required average daily balance (ADB) of five thousand (PhP5,000.00) for at least two consecutive months, shall be charged a monthly maintenance fee equivalent to Five Hundred Pesos (PHP500.00). The service fee shall be automatically debited from the current account balance.
7. Current account showing no activity for one (1) year shall be classified as Dormant. Additionally, dormant current account that falls below the required monthly average daily balance (ADB) of PhP5,000.00 shall be charged with a monthly dormancy fee of Thirty Pesos (PhP30.00) if account shows no activity for five years and the balance has fallen below the required minimum monthly ADB. The service fee shall be immediately debited from the dormant savings account. Note: The average daily balance (ADB) of P5,000.00 is subject to change upon prior notice to depositors.
8. The depositor agrees and acknowledges the implementation of the electronic presentment of checks under the Check Image Clearing System of the Philippine Clearing House Corporation (PCHC) and PCHC rules pursuant to BSP Circular No. 924
9. The bank shall collect penalty charge for all returned or dishonored checks due to unfunded or improperly funded accounts at such amount determined by the Bank in accordance with the pertinent regulations/guidelines issued by the Philippine Clearing House. Further, the bank shall collect penalty charges for late deposits made for funding of issued checks.
10. The bank reserves the right to initiate immediate closure of all mishandled and/or repeatedly mishandled current accounts after serving due notice thereof. Upon closure of such account, the bank shall not be held liable for damages, claims and demands of whatever kind or nature in connection with or arising from the closure of such account and/or the dishonor of any check thereunder which may be presented to the bank after the closing of such account.
11. Current account with no activity during the preceding ten (10) years or more shall be escheated in favor of the Treasurer of the Philippines pursuant to Republic Act No. 3936 otherwise known as the Unclaimed Balances Law.
12. Updating of records and specimen signature/s shall be done regularly by the accountholder/s pursuant to banking regulations. Any update in the depositor’s information/documents shall be reported to the bank.
13. Reactivation and closure of accounts shall require the presence of all the accountholder/s and ensure updated information and records.
14. Depositor must, under no circumstances, write anything on the passbook, as the Bank will not be responsible for any sum not properly recorded and acknowledged thereon. No entries in the passbook shall be made except by the Bank. The passbook is not conclusive evidence of the balance of this account.
15. Notify the bank immediately in case of loss or destruction of this passbook.
16. The depositor, upon signing his/her specimen signatures and making the initial deposit shall be deemed to have agreed and consented to the above Terms and Conditions. Depositors are presumed to have read and accepted the foregoing Terms and Conditions. These Terms and Conditions are considered integral part of the Contract of Deposit between the depositor and this bank.

Deposit insured with Philippine Deposit Insurance Corporation in the amount of P500,000.00 five hundred thousand pesos only.

1. This time deposit passbook must be presented every time a deposit or withdrawal is made.
2. The depositor agrees that this time deposit account is governed by the laws and regulations, as well as future amendments thereof, adopted and issued by the Legislators, Monetary Board of the Bangko Sentral ng Pilipinas and by Porac Bank’s Board of Directors.
3. Deposits made in the form of checks will not be considered good until the same has been cleared.
4. Your deposit will earn interest at the Special Savings Rate determined on the date of deposit and shall be credited to your account at the end of the interest period. However, if any withdrawal is made against the deposit within any interest period, the interest thereon shall only be at the prevailing rate for ordinary savings account.
5. Any claim by the depositor against any erroneous entry in this book must be made by him before leaving the bank.
6. The bank reserves the right to close the account if it is conducted in any manner not satisfactory to it. The bank further reserves the right to close the account without prior notification to the Depositors if said depositor is found to be involved in fraud or an attempt to defraud or is a defendant in court cases involving money.
7. We advise to give extra care to your passbook. Should it be lost, stolen or destroyed, please notify us promptly so we can issue you a new one provided bank requirements are complied with.
8. The Bank shall withhold the tax due on the interest of the deposit at the rate and in the manner provided by law and the rules and regulations issued by the Bureau of Internal Revenue.
9. It is agreed that should any of the stipulation herein be invalid, the legality and enforceability of the remaining stipulations shall not in any way be affected or impaired.

Deposit insured with Philippine Deposit Insurance Corporation in the amount of P500,000.00 (five hundred thousand pesos only).