ChinaBank will charge fees for dormant peso savings accounts. So to avoid dormancy fee, you should keep your account active by depositing or withdrawing money on it within a year."A Peso Savings Account which remains inactive (no deposit or withdrawal) for a period of two (2) years will be considered dormant. Moreover, accounts inactive for ten (10) years shall be escheated in favor of the Treasurer of the Philippines."
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Dormant or Inactive ChinaBank Peso Savings Account
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Like any other banks in the Philippines, ChinaBank also considers Peso Savings Account (e.g. Passbook, ATM, etc.) dormant or inactive if it has no deposit or withdrawal within a certain period of time.
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If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.  "Dormant or Inactive ChinaBank Peso Savings Account" was written by Mary under the Banking category. It has been read 10311 times and generated 1 comments. The article was created on 06 June 2013 and updated on 06 June 2013. |
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