Implementation of Check Truncation System (CTS) and Check Image Clearing System (CICS)
Starting January 4, 2016, banks will no longer accept checks bearing erasures or alterations on any information on date, name of payee, amount in figures, amount in words, signatures, account name and number and check number, even if these are countersigned by the accountholder.
If you are holding post-dated checks (PDC), please ensure that all the details are complete and that they do not have any erasures or alterations; else you may need to coordinate with the issuer of the checks to have them replaced.
Implementation of Republic Act (R.A.) No. 9510 Creating the Credit Information Corporation (CIC)
This is to notify Yuanta Savings Bank (Formerly TongYang Savings Bank) Borrowers that pursuant to Republic Act (R.A.) No. 9510 and its Implementing Rules and Regulations (IRR), creating the Credit Information Corporation (CIC), we are mandated to submit your basic credit data (as defined in R.A. No. 9510 and its IRR), as well as any regular updates or corrections thereof, to the CIC for consolidation and disclosure as may be authorized by the CIC. Consequently, your basic credit data may thus be shared with other lenders authorized by the CIC, and other credit reporting agencies duly accredited by the CIC, for the purpose of establishing your creditworthiness.
For more information, please contact Yuanta Savings Bank at 845-3838. You may also download RA 9510 and it’s IRR on the link below:
Tax Reform Advisory
To Our Valued Clients,
Please be informed that the Bank shall apply new tax rates based on the Tax Reform Package.
The following transactions shall be adjusted effective 01 January 2018:
|TRANSACTION||NEW TAX RATE|
|1. Withholding tax on interest for FCDU Accounts
*Except for Resident Foreign Corporations, the tax remains @ 7.5%
|2.Documentary Stamp Tax on
Special Savings Account
For more information regarding EMV, please click here
Additional Requirement in Account Opening
Current Account Interest Rate
To our valued clients,
Please be informed that starting September 1, 2018, INTEREST RATE FOR CHECKING ACCOUNTS will be change from 0.25% to ZERO interest rate per annum.
|CHECKING ACCOUNT||PERSONAL CHECKING ACCOUNT
|Initial deposit requirement||Php 10,000.00||Php 20,000.00|
|Minimum monthly ADB requirement||Php 10,000.00||Php 20,000.00|
|Minimum balance to earn interest||Php 100,000.00||Php 100,000.00|
|Interest rate per annum||0%||0%|
© 2017 Yuanta Savings Bank Philippines, Inc. All right reserved.
a proud member of
Yuanta Savings Bank Philippines, Inc. is a wholly owned subsidiary of Yuanta Commercial Bank in Taiwan, and is regulated by the Bangko Sentral ng Pilipinas.
For inquiries or complaints, you may call Yuanta Savings Bank Customer Service at (02) 845-3838 or send e-mail to email@example.com.
Similarly, you may also contact the BSP Financial Consumer Protection Department at (02) 708-7087.