| Deposits
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- Minimum initial opening deposit is ¥10,000
- Maintaining balance to earn interest ¥10,000
- This account is maintained in Japan, therefore it cannot be withdrawn
in the Philippines
- Debit From this yen account and remit the proceed to beneficiary in
the Philippines thru "Fax Instruction" (Pre-registration of
Beneficiary information is required)
- Debit from this yen account and credit dollar account at Tokyo Branch
using prevailing exchange rate through "Fax Instruction".
- Interest amount is paid every 15th of February and August
- Interest earned is subject to withholding tax of 20% and is automatically
deducted every 15th day of February and August
- This deposit is not covered by the Japan Deposit Insurance Corporation
nor by any other insurance institutions
Risks associated with foreign currency Savings Deposit
- Though there is no risk of loss of principal in deposited foreign
currency, the exchange rate to be used for currency conversion may fluctuate,
and that may cause an exchange loss. Therefore, the value of Yen you
will receive including interest may be smaller than the amount of Yen
you initially deposited, if the deposit currency has depreciated against
Yen
- TTS rate (the rate at which Yen is converted to another currency)
and TTB rate (the rate at which a foreign currency is converted to Yen)
are applied respectively when Yen is converted to another currency (making
deposit) and when a foreign currency is converted to Yen (making withdrawal).
Foreign exchange commission (in case of USD, 1.0 Yen for conversion
to or from 1.0 USD, 2.0 Yen for conversion to and from 1.0 USD) is included
in the Bank’s quoted TTS rate and TTB rate and, as a result, the
loss of principal and interest may occur when Yen does not fall against
the foreign currency by a margin that exceeds the foreign exchange commission,
not only if the deposit currency has depreciated against Yen
- When you deposit/ withdraw in foreign currency, commission (handling
charge) will be applied
- For more details, please refer to Document
Prior to Execution of Contract of Foreign Currency Savings Deposits
(and Document for Foreign Currency Deposits, etc) in English or
Document Prior to Execution of Contract
of Foreign Currency Savings Deposits ( and Document for Foreign Currency
Deposits, etc) in Japanese
- Minimum initial deposit is ¥100,000
- Available in 1, 2, 3, 6 and 12 months term
- Interest amount is paid in a lump at maturity
- Interest earned is subject to withholding tax of 20% and is automatically
deducted upon maturity
- This deposit is not covered by the Japan Deposit Insurance Corporation
nor by any other insurance institutions
- Minimum initial deposit is US$ 1,000.00
- Available in 1, 2, 3, 6 and 12 months term
- Automatic renewal type (both principal and interest renewal type/
principal renewal and interest pay-ot type) and automatic withdrawal
type are available
- The applicable rate shall be the rate on offer for Foreign Currency
Time Deposit term that applies the date of deposit. In the case of automatic
renewal, the interest rate for the same Foreign Currency Time Deposit
term on offer on the maturity date shall apply
- Interest amount is paid in a lump sum at maturity
- Interest earned is subject to withholding tax of 20% and is automatically
deducted upon maturity
- Commission: Commission amount, limit or calculation method, etc can
not be shown in advance, since commission is vary depending on a means
of depositing/withdrawal, or a foreign currency. For more details, please
refer to Document Prior to
Execution of Contract of Foreign Currency Time Deposits (and Document
for Foreign Currency Deposits, etc) in English or Document
Prior to Execution of Contract of Foreign Currency Time Deposits (and
Document for Foreign Currency Deposits, etc) in Japanese
- No penalties are charged for early withdrawals of the time deposit.
However, the interest rate set on Savings Deposit will be applied instead
of the interest rate originally committed. Change in the amount, term,
splitting, and consolidation before the maturity is not allowed.
- This deposit is not covered by the Japan Deposit Insurance Corporation
nor by any other insurance institutions
Risks associated with foreign currency Time Deposit
- Though there is no risk of loss of principal in deposited foreign
currency, the exchange rate to be used for currency conversion may fluctuate,
and that may cause an exchange loss. Therefore, the value of Yen you
will receive including interest may be smaller than the amount of Yen
you initially deposited, if the deposit currency has depreciated against
Yen.
- TTS rate (the rate at which Yen is converted to another currency)
and TTB rate (the rate at which a foreign currency is converted to Yen)
are applied respectively when Yen is converted to another currency (making
deposit) and when a foreign currency is converted to Yen (making withdrawal).
Foreign exchange commission (in case of USD, 1.0 Yen for conversion
to or from 1.0 USD, 2.0 Yen for conversion to and from 1.0 USD) is included
in the Bank’s quoted TTS rate and TTB rate and, as a result, the
loss of principal and interest may occur when Yen does not fall against
the foreign currency by a margin that exceeds the foreign exchange commission,
not only if the deposit currency has depreciated against Yen.
- When you deposit/withdraw in foreign currency, commission (handling
charge) will be applied.
- For more details, please refer to
Document Prior to Execution of Contract of Foreign Currency Time Deposits
(and Document for Foreign Currency Deposits, etc) in English or
Document Prior to Execution of Contract
of Foreign Currency Time Deposits (and Document for Foreign Currency
Deposits, etc) in Japanese
Deposit - Japan Based Account |
New Bank Charge (in JPY) |
|
Certificate of Balance (Individual) |
1,500 |
|
Certificate of Balance (Corporate) |
735 |
|
Re-issuance of Lost Passbook |
1,500 |
|
Re-issuance of Time Deposit Certificate |
1,500 |
|
Standing Instruction Fee |
525 |
|
Failed Standing Instruction Fee |
525 |
|
Statement of Account |
1,500 |
|
Local bank Transfer Fee |
630 |
|
Local Bank Transfer Fee (Over JPY10 Million) |
1,050 |
|
Monthly Statement Transaction (Corporate) |
2,100 |
|
Postage (Registered Mail) |
400 |
|
Postage (Ordinary Mail) |
80 |
|
Deposit Link Card |
500 |
| Certificate of Remittance (Individual) |
1,000 |
| Certificate of Remittance (Corporate) |
5,000 |
| Amendment of Remittance Instruction/Follow-up of Remittance |
2,500 |
as of 15 April 2009 |
Requirements
The following are the requirements to open any
of the above Japan-based accounts.
- Filled-up deposit application form and signature card. Forms are available
at PNB Tokyo Branch and could be mailed upon request.
- Depositors' Identification
- Individual - Resident
- For Japanese National- Identification indicating
name address and birthday. Any one of the following:
- Japanese Driver's license (both sides)
- Health Insurance Card (both sides if address column is
on the back page)
- Japanese Passport (photo page and address page)
- Any other valid official documents acceptable to Financial
Institutions and other regulatory authorities (under The
Law on Due Diligence with Customers, etc.)
- For Non Japanese National. Any one of the following:
- Alien Card with updated visa (both sides)
- Passport (name-photo, visa and address page)
- If there is no column of current address in passport,
also one of the following original copy of utility payment
bills stating date of payment, your name and address
are required (issued within 6 months):
- Phone bill/Mobile phone bill
- Electricity Bill
- Water Bill
- Gas Bill
- NHK Bill
- Any other valid official documents acceptable to Financial
Institutions and other regulatory authorities (under The
Law on Due Diligence with Customers, etc.)
- Corporate
- Resident
- All documents as indicated below:
- Original company registration issued within the last
6 months
- Original seal of impression certificate issued within
the last 6 months
- Personal identification with address and birthday
of President and the person in charge to make the transaction
on the company's behalf
- Non Resident
- All documents as indicated below:
- Articles of Incorporation and Corporate By-laws duly
registered with the Securities and Exchange Commission
(SEC)
- Secretary's Certificate of authorized signatories
with corresponding specimen signature
- Copy of proper identification e.g. passport, driver's
license of the signatories to the account to be opened
- Copy of Residence Certificate of the President/ Officer-in-charge
of the company / corporation, or any other identification
issued by a Philippine governmental body, that shows
his/her birth date and his/her Philippine residence.
(In other words, if the President of the company is
one of the authorized signatories, in addition to his
passport or driver's license, we will need a copy of
this particular Identification, which shows the birth
date and resident address.)
- The client should maintain a peso or US dollar account
with any PNB branch, and/or be recommended by a PNB branch
manager
Note: In strict compliance with host country regulatory requirements,
PNB Tokyo reserves the right to ask for other supporting identification/
documents to comply with KYC (Know your Customer) rules. For further information/clarification,
please call deposit section
or
email us.
PNB Tokyo Deposit accounts (Japanese Yen and US Dollar) are not covered
by Japan Insurance Corporation or of any insurance institution.
PNB Tokyo/Nagoya can assist you in opening a peso or dollar deposit account
with any PNB Branch of your choice in the Philippines
- Only Filipino nationals are allowed to open peso account
- No minimum initial deposit
- No minimum maintaining balance
- Minimum balance to earn interest P10,000.00
- Dormancy period-2 yr. (dormant accounts are charged P110.00/per month)
- Account closed within a month after opening shall be charged a fee of P500.00
- No minimum initial deposit
- No minimum maintaining balance
- Minimum balance to earn interest US$500.00
- Dormancy period-2 yr. (dormant accounts are charged US$10.00/per month)
- Account closed within a month after opening shall be charged a fee of US$10.00
- PNB Checking Account is also available to limited branches only. (PNB
San Lorenzo, PNB Olympia ,PNB San Marcelino & PNB Harrison Plaza
Branch)
- Minimum initial deposit P10,000.00
- Cost of checkbook P175* up per booklet (*subject to current cost of
check booklet)
- Maintaining balance P10,000.00
- Non-interest bearing
- Penalty charge of P220.00 if balance fall below P10,000.00
- Dormancy period-1 year (dormant account are charged P220/month)
- Minimum Initial Deposit P25,000.00
- Available at 1,2,3,4,5,6,9 and 12 months
- Automatic roll over and disposition at maturity
- Interest is paid in a lump sum at maturity
- Pretermination is allowed subject to reduced rate
Term |
Applicable Rate |
| Half or less than 1/2 of the term |
25% of the given interest rate |
| More than half of the term |
50% of the given ineterest rate |
IV. Dollar Time Deposit
- Minimum Initial Deposit US$1,000
- Available at 1,2,3,4,5,6,9 and 12 months
- Automatic roll over and disposition at maturity
- Interest is paid in lump sum at maturity
- Pretermination is allowed subject to reduced rate
Term |
Applicable Rate |
| Half or less than 1/2 of the term |
25% of the given interest rate |
| More than half of the term |
50% of the given ineterest rate |
New Accounts – Transmittal Charges |
New Bank Charge (in JPY) |
|
Transfer of Fund Request |
4,000 |
|
Passbook and Checkbook re-issuance (Request to be forwarded to the Domestic Branches through Head Office) |
3,500 |
|
Certificate of Balance (Philippine Based Account - Request to be forwarded to the Domestic Branches through Head Office) |
3,500 |
|
Request to forward documents or any communications to Head Office or domestic branches such as Affidavit of Loss, etc. |
3,500 |
|
Statement of Transaction or Balance of Philippine based Account (Request to be forwarded to the Domestic Branches through Head Office) |
3,500 |
Requirements
The following are the requirements to open any
of the above Philippine-based accounts.
- Duly accomplished deposit application form and signature cards. Forms
are available at Tokyo Branch and Nagoya Branch. Effective April 1, 2008, we shall assist opening via over-the-counter only.
- Photographs: 2-passport size and 1 ID size(2cm X 2cm)
- Copy of any of the following identification
- Japanese Nationals-Valid Passport (pages with photo/ signature
& last page with Japan address)
- Filipino/ Foreign Residents in Japan- Valid Passport (page with
photo/ signature & last page with Japan address) and valid Alien
Registration Card (both sides).
- In other case, please confirm with PNB Tokyo.
- Remittance charge
- Effective 01 June 2006, Opening of Deposit Accounts in the Philippines
is subject to ¥2,000 remittance charge
- Passbook /Certificate of Time Deposit shall be released only at PNB Tokyo/Nagoya counter
Note: Passbooks, certificates, checkbooks and other
documents are prepared in the Philippines and it usually takes 4-6 weeks
before they reach our branch.
Please be reminded that since this account is maintained in the Philippines
withdrawal from this account in Japan will require fund transfer charges,
and may result in either a foreign exchange loss or gain.
PNB Tokyo does not accept Peso Cash.
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