OFBank ATM Savings Account

 An interest-bearing peso savings account wherein deposit transactions are made over-the-counter and through the Cash Deposit Machine (CDM) during official banking hours/days. Withdrawal transactions may be done over-the-counter or at any Bancnet ATMs 24 hours a day, 7 days a week.
• Cashless purchases may also be done through any Point-of-Sale (POS) terminal of partner merchants from department stores, supermarkets and accredited establishments bearing the Bancnet logo.
  • At least seven (7) years of age
  • Able to read and write
  • Not suffering from any legal disability
  • With credible identification
Product and Features
 Amount/ Rate
Minimum Initial Deposit₱500.00
Maintaining Balance Requirement- based on Monthly ADB¹₱500.00
Interest Rate (per annum)0.10%
Required Monthly ADB to Earn Interest₱2,000.00
Evidence of DepositOFBank Visa Debit Card
Maximum ATM Withdrawal per day₱30,000.00
Point-of-Sale (POS) per day – Cashless Payments₱50,000.00
Fees and Charges
 Amount/ Rate
ATM Balance Inquiry Fee (Other Banks ATM/ Interbank transaction)₱1.00
ATM Withdrawal Fee (Other Banks ATM / Interbank transaction)₱10.00
ATM Fund Transfer (Intrabank)₱10.00
ATM Fund Transfer (Interbank)₱25.00
Online Interbank Fund Transfer₱25.00
ATM International Cash Withdrawal₱150.00
ATM International Balance Inquiry₱50.00

ATM Bills PaymentFree

Card Replacement Fee₱150.00

PIN Reprinting/Replacement₱50.00

Account Closure²₱300.00

Service Charge for Falling Below Minimum ADB³₱200.00

Account Dormancy4₱30.00 per month

Certification Fee₱200.00

Bank Guarantee Against Deposit₱400.00

Withholding Tax for Interest Earned20%

PDIC Insurance₱500,000.00 (Maximum deposit insurance per depositor)

²Account Closure Fee will be collected if account is closed within 30 days from account opening.
³Coverage – Accounts falling below ADB requirement for two (2) consecutive month-end and every month-end thereafter, Collection – Monthly to start at the end of the 2nd month.
⁴Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.
  • Coverage: A savings account is dormant if it has no client-initiated activity for two (2) years.
  • Collection: Monthly to start (5) years after the last client-initiated activity date
Basic Requirements

1. Local: Presentation of at least one primary ID or two valid secondary IDs, one of which with photo and signature
2. Foreigner: Passport, ACR/Diplomatic Identification Card issued by the DFA specifying status
i.e, working, business, student or non-resident
3. Court-appointed Fiduciary (Guardian, Administrator, Trustee or Receiver), all of the following:
Original Copy of Court Order containing the Fiduciary’s appointment, Original Copy of Court Order authorizing the Fiduciary to open a deposit account with OFBank
Single Proprietorship

1. Certificate of Registration with the DTI
2. City/Municipal Mayor’s Permit
Contact Information

For more information, please feel free to call or visit your nearest or preferred OF Bank Branch.