CUSTOMER INFORMATION FORM (Business)

FOR BANK USE ONLY

__________________________BRANCH DATE (MM/DD/YYYY)__________________________

NOTES: 1. PLEASE PRINT ALL INFORMATION. 3. IF NOT APPLICABLE PLEASE INDICATE N/A.
2. ALL FIELDS WITH ASTERISK (*) ARE REQUIRED. 4. PLEASE INFORM THE BANK IMMEDIATELY FOR ANY CHANGES.

BUSINESS INFORMATION
Name of Business*:

Business Address*:

Nature of Business*: Country of Original Registration:

CUSTOMER NAME:__________________________________________________
Telephone Number*: Fax Number: Email Address*:

Other Social Media Accounts (e.g. Facebook, Twitter, etc.) : Mobile Number*: Tax Identification Number*:

Date of Registration (MM-DD-YYYY)*: Business Registration Number*: Registration Expiry Date (MM-DD-YYYY):

CATEGORY/TYPE OF COMPANY/BUSINESS (Please check appropriate box)

Single Proprietorship Government Non-Financial Corp. Local Government Units - Provincial Thrift Bank

Partnership and Associations Cooperative NGO/NPO Foundations Rural Bank

Private Financial Corporation National Government Central Government/Central Banks Trust

Private Non-Financial Corporation Local Government Units - City Commercial Bank Financial Intermediaries

Government Financial Corporation Local Government Units - Municipality Universal Bank OBUs (Offshore Banking
Units)

FIRM SIZE

CUSTOMER ID NUMBER: ____________________________

Micro (assets of less than P3,000,000) Small (assets of P3,000,001 but not more than P15,000,000)

Medium (assets of P15,000,001 but not more than P100,000,000) Large (assets of more than P100M) Others..........................................
SIGNATORIES INFORMATION
FOR U.S. PERSONS UNDER FOREIGN ACCOUNT TAX COMPLIANCE ACT

The Foreign Account Tax Compliance Act (“FATCA”) enacted by the U.S. government in March 2010 and which amended the U.S. Internal Revenue Code, is part of the U.S.
government efforts to improve tax compliance of U.S. taxpayers with foreign financial assets and offshore accounts.

A U.S. person is one who is:

• U.S. entity
• U.S. residence
• A Partnership, Corporation or Association created or organized in the US or under laws of the U.S.
• U.S. telephone number
• Has a “care of” address, a “hold mail” address, or a U.S. Post Office address that is the sole address on file with respect to the account holder.
• Has granted Power of Attorney to a person with a U.S. address.
• Has provided Standing Instructions to transfer funds to an account maintained in the U.S. or directions received from a U.S. address.
For further information on FATCA, you may visit the following websites: www.irs.gov; www.treasury.gov; www.pnb.com.ph
FOR U.S. PERSONS UNDER FOREIGN ACCOUNT TAX COMPLIANCE ACT

Are you a U.S. Person? Document Presented:

Yes No

If Yes please fill-out the information below. W-8 BEN Form

U.S. Business Address (Floor, Number, Street, City, State, Postal Code)
W-9 Form

U.S. Social Security Number (For Sole Proprietor): U.S. Employer Identification Number (For Corporation):

Form NA002
List of Substantial U.S. Owners

With respect to any corporation, any specified U.S. person which owns directly or indirectly more than 10% of the stock of such corporation with respect to any partnership, any
specified United States person which owns directly or indirectly more than 10% of the profits, interest, or capital interest in such partnership.

Name (Last Name, First, Middle Name): U.S. Permanent Address Social Security Number

1.

2.

3.

4.

CUSTOMER’S AGREEMENT
By signing this form, the ACCOUNTHOLDER hereby certifies and affirms that the information given above is true, correct and updated. The ACCOUNTHOLDER hereby allows
PNB to verify said information and agrees to inform PNB of any change in the information provided above.

The ACCOUNTHOLDER hereby acknowledges to have read, understood and agreed to the terms and conditions governing the deposit products, services and facilities of PNB
which the ACCOUNTHOLDER has availed of or shall, in the future, avail from PNB. The ACCOUNTHOLDER agrees to be bound by the terms and conditions thereof as well as
to such relevant laws, rules and regulations governing the said deposit products, services and facilities. The said terms and conditions, including the applicable service and
maintenance fees, were provided to the ACCOUNTHOLDER and are available via www.pnb.com.ph.

For purposes of compliance with relevant laws and regulations issued by appropriate regulatory authorities and agencies of the Philippines and such other countries having
jurisdiction over the ACCOUNTHOLDER, the ACCOUNTHOLDER hereby authorizes PNB, its branches and agencies, and all of PNB’s subsidiaries, affiliates or correspondent
banks to access all information relating to the ACCOUNTHOLDER’s PNB deposit account/s, (where applicable) disclose the ACCOUNTHOLDER’s financial accounts to the US
lnternal Revenue Services as required for participating financial institutions under the US Foreign Account Tax Compliance Act (FATCA) due diligence rule, and disclose such data
and papers pertaining to the ACCOUNTHOLDER’s deposit accounts as may be required by government regulatory authorities, here and abroad, conformably with law.

_____________________________________________ _____________________________________________ ________________________________________

PRINTED NAME OF ACCOUNTHOLDER SIGNATURE OF ACCOUNTHOLDER/DATE CUSTOMER ID NO.

________________________________________ _____________________________________________ ________________________________________

PRINTED NAME OF ACCOUNTHOLDER SIGNATURE OF ACCOUNTHOLDER/DATE CUSTOMER ID NO.

_____________________________________________ _____________________________________________ ________________________________________

PRINTED NAME OF ACCOUNTHOLDER SIGNATURE OF ACCOUNTHOLDER/DATE CUSTOMER ID NO.

_____________________________________________ _____________________________________________ ________________________________________

PRINTED NAME OF ACCOUNTHOLDER SIGNATURE OF ACCOUNTHOLDER/DATE CUSTOMER ID NO.

FOR BANK USE ONLY

CUSTOMER CONTACT: ACCOUNT SOLICITED BY:

Walk-in Solicited Referred

________________________________________________
Signature Over Printed Name / Employee ID No. / Date
NAME OF REFERROR: RELATIONSHIP: ADDRESS OF REFERROR:

IDs PRESENTED: VERIFIED AGAINST CWS: VERIFIED AGAINST OFAC / INF: DOCUMENTS VERIFIED AGAINST ORIGINALS BY:
FOR BANK USE ONLY

_______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________

SIGNATURE OVER PRINTED NAME / DATE SIGNATURE OVER PRINTED NAME / DATE SIGNATURE OVER PRINTED NAME / DATE

SIGNATURE AUTHENTICATED BY: ACCOUNT OPENING ACCOUNT OPENING APPROVED BY:

PROCESSED BY:

_______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________

SIGNATURE OVER PRINTED NAME / DATE SIGNATURE OVER PRINTED NAME / DATE SIGNATURE OVER PRINTED NAME / DATE SIGNATURE OVER PRINTED NAME / DATE

TERMS AND CONDITIONS GOVERNING THE

OPENING AND MAINTENANCE OF DEPOSIT ACCOUNTS
The accountholder (individually the “ACCOUNTHOLDER” and 1. DEPOSITS. Deposits shall be credited to the Deposit Account after
collectively, the “ACCOUNTHOLDERS”) hereby stipulates and agrees verification and count by the BANK. The amount verified shall be deemed to be
to be governed and bound by the following terms and conditions the correct amount deposited by the ACCOUNTHOLDER. Any discrepancies
governing the opening and maintenance of the deposit account (the noted shall be communicated to the ACCOUNTHOLDER.
“Deposit Account”).
In consideration of the BANK’s acceptance of deposits which are not counted
Further, the ACCOUNTHOLDER hereby stipulates and agrees to be in the ACCOUNTHOLDER’s presence by way of special accommodation, the
bound by pertinent laws, rules and regulations of the Bangko Sentral ACCOUNTHOLDER hereby assumes the sole responsibility for any shortages/
ng Pilipinas (BSP), Bankers Association of the Philippines (BAP), as overages which may be found when the deposit is counted and the total
well as any subsequent amendments or supplements thereof and thereof checked against the amounts indicated on the deposit slip/s and holds
any new laws or rules to be promulgated which are applicable to the the BANK free and harmless from any liability arising therefrom. However,
Deposit Account. should any shortages or overages be found, the BANK shall advise the
ACCOUNTHOLDER of such fact.
Certain Deposit Accounts shall be additionally governed by the terms and
conditions specific to such accounts as contained in the supplementary The BANK is hereby authorized to correct the entries in the deposit slip/s
agreements attached hereto (the “Supplements”) and, where applicable, the presented to reconcile with the actual deposit received as verified by the
terms and conditions provided in the passbooks evidencing the Deposit BANK’s personnel.
Account.
 any of the ACCOUNTHOLDERS, the BANK will be promptly notified thereof in
2. CHECK DEPOSITS. The BANK reserves the right to reject any check writing by the surviving ACCOUNTHOLDERS.
deposits, including but not limited to second/multiple-endorsed checks, treasury
warrants and postal money orders. The ACCOUNTHOLDERS hereby agree that upon the death of any one of the
ACCOUNTHOLDERS, the funds in the Deposit Account shall be payable to and
Each check/ draft/ negotiable instrument received by the BANK for deposit or constitute a holdout, assignment or any form of encumbrance on the Deposit
collection is subject to actual receipt in cash of the proceeds thereof. In receiving Account.
check deposits, the BANK obligates itself only as the ACCOUNTHOLDER’s
collecting agent and assumes no responsibility beyond the exercise of due In case an ACCOUNTHOLDER is married, whether the Deposit Account is a
care. single-name account or a joint account with the ACCOUNTHOLDER’s spouse,
the married ACCOUNTHOLDER hereby represents and warrants that his/her
Until such time when the deposit item is cleared and the funds are transferred spouse has given consent to and has authorized the constitution of a holdout,
to and in the BANK’s possession, withdrawal against these uncollected funds assignment or any form of encumbrance that shall be constituted by the
shall not be allowed by the BANK. Furthermore, until such receipt, the deposit ACCOUNTHOLDER on the Deposit Account.
item shall be held at the risk of the ACCOUNTHOLDER and the BANK assumes
no responsibility beyond the exercise of due care. The BANK will not be liable In case an ACCOUNTHOLDER is married and holds a joint account with a
for default or negligence of its duly selected correspondents nor for losses in person other than his/her spouse, the married ACCOUNTHOLDER hereby
transit and no correspondent so selected shall be liable except for its negligence. represents and warrants that his/her spouse has given consent to and has
authorized the constitution of a holdout, assignment or any form of encumbrance
The BANK reserves the right to charge back any defective or lost item previously that shall be constituted by any of the ACCOUNTHOLDERS on the Deposit
credited to the Deposit Account regardless of the time that has elapsed and Account.
regardless of whether or not the deposit item itself can be returned or to
reverse/correct entries that were erroneously credited to the Deposit Account 10. BANK’S RIGHT TO CLOSE THE DEPOSIT ACCOUNT. The BANK
due to mistake or technical errors without need of any notice. The reserves the right to close the Deposit Account at anytime without prior notice
ACCOUNTHOLDER assumes full responsibility for the validity of the deposit to the ACCOUNTHOLDER if the same is improperly handled or for
item as well as the correctness and genuineness of endorsement/s thereon. misrepresentation by the ACCOUNTHOLDER or for any other reasonable or
justifiable cause as determined by the BANK. The BANK is authorized to report
3. LOSS OR THEFT OF DEPOSIT ITEM. The BANK shall not be such closure and reasons therefor to the BAP, BSP or to any monitoring body
responsible for any payment it may make on any deposit item prior to its notice established by BAP or BSP. The ACCOUNTHOLDER shall hold the BANK free
of loss/ theft of deposit item and such payment shall have the same effects as and harmless from all liabilities, claims and demands arising from the above
if made to the ACCOUNTHOLDER personally except in case of patently actions by the BANK.
discernable acts of forgery or irregularity.
11. SET-OFF. The BANK is hereby authorized to and may, at any time in
4. STOP PAYMENT. Stop payment request of a deposit item shall not be its discretion, with or without notice to the ACCOUNTHOLDER/S, charge the
valid unless made in writing using the prescribed form of the BANK and duly Deposit Account and/or apply such amount thereof as shall be sufficient to
acknowledged as received by the BANK. Stop payment revocation shall also pay any and all obligations of the ACCOUNTHOLDER/S to the BANK, including
be in writing. loans, interest, penalties, charges and other receivables from the
ACCOUNTHOLDER/S whether covered by promissory notes or other credit
5. DEPOSIT ACCOUNT BALANCE. Except for manifest error, the agreements or arising from erroneous credits, and the BANK shall not thereafter
ACCOUNTHOLDER agrees that the outstanding balance of the Deposit Account be liable for withholding or applying to the payment of said obligations any or
appearing in the ledger of the BANK is accurate and conclusive and shall be all amount of the Deposit Account or for the dishonor of checks, notes, drafts
binding upon him. The ACCOUNTHOLDER specifically waives his rights under or other instruments for insufficiency of funds or other consequences of the
the provisions of Article 1250 of the New Civil Code insofar as it concerns the foregoing.
Deposit Account.
In case of OR Account or AND Account, the ACCOUNTHOLDERS hereby
6. AUTHORIZED SIGNATORY, The ACCOUNTHOLDER shall advise the authorize the BANK to set-off all amounts in the Deposit Account and/or apply
BANK in writing of any change in authorized signatories to the Deposit Account such amount thereof as shall be sufficient to pay any and all obligations of any
and shall submit to the BANK, in form and tenor acceptable to the BANK: (a) in of the ACCOUNTHOLDER/S to the BANK, including loans, interest, penalties,
case of individual ACCOUNTHOLDER or single proprietorships, a Special Power charges and other receivables from any or all the ACCOUNTHOLDER/S whether
of Attorney designating the new authorized signatory of the ACCOUNTHOLDER; or not covered by promissory notes or other credit agreements and the
and (b) in case the ACCOUNTHOLDER is a corporation, association or ACCOUNTHOLDERS hereby hold the BANK free and harmless from any and all
partnership, a sworn certification by the Corporate/ Association’s Secretary or liabilities arising from the withholding or application to the payment of said
by all the partners in a partnership regarding the approval of the appropriate obligations any or all amount of the Deposit Account or for the dishonor of
resolution authorizing the change in authorized signatory. Pending acceptance checks, notes, drafts or other instruments for insufficiency of funds or other
by the BANK of such certification or authorization, the BANK may, at its exclusive consequences of the foregoing.
option, continue to recognize existing signatories to the Deposit Account.
12. DEPOSIT INSURANCE, Deposits are insured by the Philippine Deposit
7. JOINT AND SEVERAL ACCOUNT (“OR Accounts”) – The Insurance Corporation (PDIC) up to a maximum amount of P500,000.00 per
ACCOUNTHOLDERS agree with one another and with the BANK that all moneys ACCOUNTHOLDER or such other amount as may be set by law. PDIC shall
heretofore, now or hereafter deposited by them or any of them to the credit of presume that the name/s appearing on the deposit instrument is/are the actual/
this Deposit Account are and shall be received and held by the BANK with the beneficial owner/s of the deposit, except as provided herein.
understanding and upon the condition that said moneys deposited without
reference to previous ownership shall be the property of the In case of transfer or break-up of deposits, PDIC shall recognize actual/beneficial
ACCOUNTHOLDERS as solidary owner. ownership of transferees who are qualified relatives of the transferor. Qualified
relatives are transferees within the third degree of consanguinity or affinity of
The available balance to the credit of the Deposit Account at anytime shall be the transferor. The relationship of the transferor and the transferee shall be
subject to withdrawal or other disposal in whole or in part by check or written proven by relevant documents such as, but not limited to, birth certificates and
orders by any of the ACCOUNTHOLDERS, or by the attorney-in-fact or other marriage certificates.
legal representative of any of the ACCOUNTHOLDERS (including among others
any one or more such checks or other orders in favor of the signer thereof), all In case of (a) deposits in the name of, or transfers or break-up of deposits in
without inquiry or regard by the BANK with respect to the use or disposition favor of, entities, either singly or jointly with individuals, and (b) transfers or
which may be made of the funds so withdrawn or otherwise disbursed; break-up of deposits in favor of non-qualified relatives, whenever such
provided, however, that the BANK may, in its discretion, require the written transfers/break-up will result in increased deposit insurance coverage, PDIC
consent or approval of all ACCOUNTHOLDERS for the transfer of all or any part shall recognize beneficial ownership of the entity or transferee provided that
of the said balance to the individual account of any of the ACCOUNTHOLDERS the deposit account records show the (1) details or information establishing
with the BANK. the right and capacity and the relationship of the entity with the individual/s; or
(2) details or information establishing the validity or effectivity of the deposit
Each ACCOUNTHOLDER expressly authorizes the other ACCOUNTHOLDER/S transfer; or (3) copy of a board resolution, order of competent government
to do whatever he so desires with the funds in the Deposit Account without body/agency, contract or similar document as required/provided by applicable
consent of the other/s. However, in case of conflict between or among the laws. In the absence of any of the foregoing, PDIC shall deem the outstanding
ACCOUNTHOLDERS, the BANK is hereby authorized to freeze the Deposit deposit maintained for the benefit of the transferor although in the name of the
Account until the ACCOUNTHOLDERS shall have resolved their conflict or until transferee, subject to consolidation with the other deposits of the transferor.
the BANK receives a court order authorizing the release of the funds to one,
some or all ACCOUNTHOLDERS or the BANK may, in its sole and absolute PDIC may require additional documents from the ACCOUNTHOLDER to ascertain
discretion, release the funds in the Deposit Account to any one of the the details of the deposit transfer or the right and capacity of the transferee or
ACCOUNTHOLDERS. In this regard, the ACCOUNTHOLDERS shall hold the BANK his relationship to the transferor.
free and harmless from any and all liabilities, damages, costs and expenses
which the BANK may incur by virtue thereof. 13. INTEREST. Deposits with a minimum balance as prescribed by the
BANK shall earn interest based on the prevailing rates, at such time or times as
The ACCOUNTHOLDERS hereby certify and declare that everytime a withdrawal may be determined by the BANK under its existing policies or practices.
is made, the other ACCOUNTHOLDER/S is/are still alive. In the event of death of However, the amount of said minimum balance that will earn interest, the
any of the ACCOUNTHOLDERS, the BANK will be promptly notified thereof in interest rates and the period at which said interest shall be paid or become due
writing by the surviving ACCOUNTHOLDERS. are subject to change in accordance with the regulations issued or promulgated
by the BANK from time to time.
The ACCOUNTHOLDERS hereby agree that upon the death of any of the
ACCOUNTHOLDERS, the funds in the Deposit Account shall be payable to and Interest will be computed based on the average daily balance of the Deposit
collectible by the surviving ACCOUNTHOLDER/S upon compliance with the Account and shall be credited to form part of the principal on the last day of the
BANK’s requirements and the BANK is hereby authorized to dispose of the interest period (the “Interest Payment Date”). No interest shall be paid on
Deposit Account in favor of the surviving ACCOUNTHOLDERS, subject to the savings and/or demand deposit accounts closed prior to the prescribed Interest
settlement of whatever estate or other tax liabilities as may be required by law. Payment Date even if these Deposit Accounts meet the required minimum
balance to earn interest at the time of closure. All interest earned shall be
8. FOR JOINT ACCOUNT (“AND Account”) – The ACCOUNTHOLDERS subject to the prevailing withholding tax rate except those with a certification
agree with one another and with the BANK that all moneys heretofore, now or of exemption from the Bureau of Internal Revenue (“BIR”).
hereafter deposited by them or any of them to the credit of this Deposit Account
are and shall be received and held by the BANK with the understanding and 14. FEES AND CHARGES. A fee shall be charged on the following:
upon the condition that said moneys deposited without reference to previous
ownership shall be the property of both or all of the ACCOUNTHOLDERS jointly. a. Active Deposit Accounts falling below the required minimum monthly
Average Deposit Balance (ADB) for two (2) consecutive months;
The available balance to the credit of the Deposit Account at anytime shall be b. Dormant Deposit Accounts (defined as accounts with no deposit or
subject to withdrawal or other disposal in whole or in part by check or written withdrawal for a continuous period of two (2) years for savings
orders by all ACCOUNTHOLDERS. accounts and one (1) year for current accounts) falling below the
required minimum monthly ADB;
The ACCOUNTHOLDERS hereby certify and declare that everytime a withdrawal c. Deposit Accounts closed within a month after opening;
is made, the other ACCOUNTHOLDER/S is/are still alive. In the event of death of d. Request for the issuance of certification of account balances;
e. Replacement of lost passbook;
f. Stop payment requests for check/s; agencies, whether in the Philippines or abroad, in connection with Anti-Money
g. Other services related to the maintenance of the Deposit Account Laundering regulations without incurring any criminal, civil or administrative
depending on whatever policy the BANK may adopt in the future. liability.

The service fees/penalty charges shall be in accordance with existing 20. DISCLOSURE OF INFORMATION. The ACCOUNTHOLDER
regulations of the BANK. The fees/charges under items (a), (b) or (c) shall be acknowledges that the Philippine Government, United States Government, and
automatically debited by the BANK from the affected Deposit Account governments of other foreign jurisdictions where transactions pertaining or
(regardless of whether the Deposit Account is owned singly, or a corporate incident to the Deposit Account may transpire, may require the BANK, its
account or is an Or Account or And Account of the ACCOUNTHOLDER). In case branches and agencies, and all of the BANK’s subsidiaries, affiliates or
the affected Deposit Account is insufficient to answer for the fees/charges, correspondent banks to disclose or produce information concerning the Deposit
the BANK shall deduct the said amounts from the other Deposit Accounts of the Account. For purposes of compliance with such governmental requirements,
ACCOUNTHOLDER with the BANK. The ACCOUNTHOLDER hereby authorizes the ACCOUNTHOLDER hereby waives his/her/its rights under Republic Act
the BANK to debit the said fees/charges from the affected Deposit Account or 1405 (Law on Secrecy of Bank Deposits), Republic Act 6426 (Foreign Currency
the other Deposit Accounts of the ACCOUNTHOLDER with the BANK. Deposit Act of the Philippines), RA 8791 (otherwise known as the General
Banking Law of 2000), or any other pertinent law or regulation, as the same
The fees/charges under items (d), (e), (f) or (g) may either be paid directly by may be amended from time to time, and hereby authorizes the BANK, its
the ACCOUNTHOLDER to the BANK or deducted from the Deposit Account. In branches and agencies, and all of the BANK’s subsidiaries, affiliates or
case of automatic debit of the said fees/charges, the provisions of the foregoing correspondent banks, without prior notice or reference to the
paragraph shall apply. ACCOUNTHOLDER, to make any and all disclosure of information regarding
the Deposit Account as may be required by the Philippine Government, the
15. AVERAGE DAILY BALANCE. The ACCOUNTHOLDER shall maintain, United States Government or such other foreign governments. The
at all times, the required minimum monthly Average Daily Balance (ADB) relative ACCOUNTHOLDER hereby holds the BANK, its directors, officers, employees
to the Deposit Account. and other duly authorized representatives free and harmless against any and
all liability arising from any loss or damage which the ACCOUNTHOLDER may
The BANK shall notify the ACCOUNTHOLDER, by registered mail on his/her/ incur or suffer as a result of such disclosure.
their address of record, of the dormancy of the Deposit Account at least sixty
(60) days prior to the date of dormancy and the possible imposition of dormancy 21. TRANSFER OF INFORMATION. The ACCOUNTHOLDER hereby
fee in case the Deposit Account is not updated. consents to and authorizes the transfer, disclosure and communication of any
information relating to the Deposit Account or any information thereon, or any
The BANK shall likewise notify the ACCOUNTHOLDER of any changes in the of the ACCOUNTHOLDER’s properties or investments with the BANK to any of
required minimum monthly ADB and the imposition of service and maintenance the offices, branches, subsidiaries, affiliates, agents and representatives of
fees in case of non-updating, at least sixty (60) days prior to the imposition of the BANK and third parties selected by any of them, wherever situated, for
said fees or charges. Said notice shall be delivered to the ACCOUNTHOLDER’s use (including in connection with the provision of any service or product
address as appearing in the records of the BANK through regular mail, electronic relating to your accounts, properties or investments and for data processing
mail, statement of account messages, courier delivery or other alternative and storage, anti-money laundering monitoring, review and reporting, statistical
modes of communication. Failure of the ACCOUNTHOLDER to inform the BANK and risk analysis, and risk management purposes). In addition, the BANK and
of his/her/their objections to the imposition of service and maintenance fees any office, branch, subsidiary, affiliate, agent, representative or third party
within thirty (30) days from receipt of said notice shall be deemed an acceptance may transfer and disclose any such information as may be required by any
of the imposition of such fees and charges. law or regulation.

The cost of said notification shall be for the account of the ACCOUNTHOLDER The ACCOUNTHOLDER hereby holds the BANK free and harmless from any
and shall be debited by the BANK from the Deposit Account. liability that may arise from any transfer, disclosure or storage of information
made pursuant to this provision.
16. UNCLAIMED BALANCES. Pursuant to Act 3936 as amended by PD
679 of April 2, 1975, all unclaimed balances held by the BANK in favor of any 22. NON-RESIDENTS WITH PESO ACCOUNTS. Non-residents may open
person known to be dead or who has not made further deposits/withdrawals a Peso Deposit Account subject to approval by the BANK and to applicable
for a period of ten (10) years or more shall be transferred to the credit of the laws and regulations of the Republic of the Philippines, including those requiring
Republic of the Philippines. all Peso Deposit Accounts by non-residents to be funded only by inward
remittances of foreign exchange or the proceeds of conversion of properties
17. STATEMENT OF ACCOUNT. A statement of account shall be sent by located in the Philippines. The ACCOUNTHOLDER shall be responsible for and
the BANK to the ACCOUNTHOLDER. Except as otherwise provided hereunder assume any and all taxes with respect to the Peso Deposit Account that may
or under the separate agreements covering specific deposit accounts, the be required under applicable laws and regulations. Any outward remittance of
ACCOUNTHOLDER shall be deemed to have received the statement of account funds from the Peso Deposit Account shall comply with applicable Philippines
or has accepted the correctness of the entries made therein or deemed to laws, rules and regulations.
have waived any claims against the BANK if after the lapse of fifteen (15)
days from the date of receipt of such statement of account, the BANK does not A non-resident ACCOUNTHOLDER shall: (ii) provide his/her taxpayer
receive any written notice to the contrary from the ACCOUNTHOLDER. Unless identification number in the country where he is a citizen or a legitimate resident;
the pick-up option is specified, the statement of account will be mailed to the and (iii) comply with documentation requirements for opening a deposit account
ACCOUNTHOLDER. per the regulations of his/her country. The ACCOUNTHOLDER further declares
under penalties of perjury that: (i) the taxpayer identification number provided
The ACCOUNTHOLDER shall promptly notify the BANK in writing of any change by the ACCOUNTHOLDER is true and correct; and (ii) the ACCOUNTHOLDER
of address, failing which the BANK’s notices to the address on record shall be waives any bank secrecy, privacy or data protection rights related to the
deemed sufficient. Deposit Account.

In case an ACCOUNTHOLDER opts to pick-up his/her/their Statement of Accounts 23. NOTICE. All communications and notices required to be given to the
(SOA) from the BANK, the ACCOUNTHOLDER shall pick-up the SOA within ACCOUNTHOLDER shall be personally delivered or transmitted by postage
thirty (30) days from the statement date. prepaid registered mail, by telefax or by electronic mail to the ACCOUNTHOLDER
at his/her/its address appearing in the Account Opening Form or such other
Failure on the part of the ACCOUNTHOLDER to notify the BANK of any change address that may hereafter be given in writing by the ACCOUNTHOLDER to the
in his/her/its/their address or to pick-up the SOA within thirty (30) days from BANK. Except as otherwise specified herein, all notices shall be deemed
statement date shall authorize the BANK to dispose the SOA including the received by the ACCOUNTHOLDER: (a) if delivered personally, upon delivery;
supporting document/s after the required six (6) months retention period. (b) if sent by postage prepaid registered mail, the date five (5) days after
posting; (c) if sent by facsimile transmission, upon receipt of the facsimile
18. AUTHORITY TO WITHHOLD, SELL AND/OR SET-OFF. The Bank is transmission report; or (d) if sent by electronic mail, upon successful
hereby authorized to set-off or withhold as security for any and all obligations transmission of the message based on the e-mail record ofhe
with the Bank, all monies, properties or securities of the ACCOUNTHOLDER BANK.
now in or which may hereafter come into the possession or under the control
of the Bank, whether left with the Bank for safekeeping or otherwise, or come 24. BINDING EFFECT. These terms and conditions are binding on each
into the hands of the bank in any way, for so much thereof as will be sufficient and all of the ACCOUNTHOLDERS and their respective heirs, executors,
to pay any or all obligations incurred by the ACCOUNTHOLDER under the Deposit administrators and assigns.
Account or by reason of any other transactions between the same parties
now existing or hereafter contracted, to sell in any public or private sale any of 25. GOVERNING LAW. These terms and conditions shall become
such properties or securities of the ACCOUNTHOLDER, and to apply the effective upon the opening of the Deposit Account and shall be deemed to
proceeds to the payment of any of his obligations heretofore mentioned. have been made under and shall be governed by the laws of the Republic of
the Philippines, in all respects, including without limitation, matters of title,
19. ANTI-MONEY LAUNDERING. The Deposit Account is further subject construction, validity, performance and discharge and shall not be waived,
to the provisions of Republic Act No. 9160, otherwise known as the “Anti- altered, modified, or amended as to any of its terms or provisions except in
Money Laundering Act of 2001”, including any and all amendments, rules or writing duly signed for and on the BANK’s behalf. In the event that any provision
regulations pertaining thereto. The ACCOUNTHOLDER hereby agrees to keep of these terms and conditions, the Supplements or the passbooks shall be
the BANK, its directors, officers and employees, free and harmless from any declared invalid, illegal or unenforceable by competent court, the other
and all liabilities for any action it has taken or for refraining from taking any provisions of these terms and conditions, the Supplements or the passbooks
action in compliance therewith. not affected thereby shall remain valid and enforceable.
The ACCOUNTHOLDER and any person making a deposit or remittance to the
Deposit Account or the Beneficiary of the Deposit Account (hereinafter
collectively referred to as “Accountees”) warrant that their accounts of
whatever nature such as but not limited to remittances, deposits, investments
or trust accounts (hereinafter the “Account” irrespective of number) shall not
be utilized for money laundering activities nor for funding terrorism and that the
funds thereof, including all increments and additions thereto, shall not emanate
from illegal/or criminal activities or sources.
Any rule or law to the contrary notwithstanding, the Accountees agree that
regulatory authorities of the Philippines as well as all countries where the
funds or money originate or be remitted may conduct reasonable examination
of the Deposit Account or otherwise require submission of pertinent data and
papers for the purpose of removing any doubt and suspicion that the Deposit
Account is involved in money laundering activities or terrorist financial activities
or other illegal activities. Accountees allow, consent, permit and authorize the
BANK and its branches, agencies and instrumentalities to participate in any
such examination, investigation or inquiry and to submit pertinent data and
paper relevant to the objectives of such examination or inquiry.
For this purpose, the BANK and its branches, agencies and instrumentalities
are authorized to disclose such data and papers as required by regulatory