PNB Los Angeles Branch

316 W 2nd St. Suite 700

Los Angeles, CA 90012
[email protected]
213-401-1800

Dear Sir/Madam:

Enclosed are remittance application, signature card, client information form, account
information form, depositor’s special instruction form, supplementary terms and conditions governing
the opening and maintenance of deposit account, etc. which you need to accomplish and submit in line
with your application to open a peso/dollar account with one of our branches in the Philippines. To
comply with the Foreign Account Tax Compliance Act, we also enclosed the Addendum to Client
Information Form and W-9 Form for you to fill out.

At your convenient time, please proceed to the nearest PNB Remittance Center (PNB RCI)
branch in your area and request the PNB RCI Manager to authenticate your signature on the account
opening forms. Please submit/mail the accomplished forms back to us at the following address:

Philippine National Bank

nd
316 W. 2 Street, Ste # 700
Los Angeles, CA 90012

Kindly also submit the following:

1. Copies of any Two (2) valid IDs : US/PHP Passport, driver’s license, State/Military ID,
IRS/SSS ID. Please note that one of the ID to be presented should bear the picture address
and signature of the applicant. Please provide us a proof of address if the address indicated on
the ID is different from the address on the application form.
2. Two (2) 1x1 or 2x2 Colored Photo (passport size is acceptable) front view taken within the
last three months (black and white and over-sized photos will not be accepted).
3. Cashier’s check or Bank Money Order payable to Philippine National Bank representing
amount of initial deposit to the account plus processing fee of $100.00.

Please refer to Annex A for the required initial deposits and processing fee (in dollars)
for each type of account. For the terms and conditions governing the opening and maintenance
of accounts including dormancy fee and penalty charges for maintaining account balance lower
that the required minimum balance, please refer to the Supplementary Terms and Conditions
Governing the Opening and Maintenance of Deposit Accounts. By submitting an application
generated/printed from our website, you agree to the terms and conditions embodied therein.
 PNB Los Angeles Branch
316 W 2nd St. Suite 700
Los Angeles, CA 90012
[email protected]
213-401-1800

In line with “Know you Customer Policy” of the Bank, you should fill out all the required
information on the deposit application form. This will include business address, SSN, occupation,
employer’s name and address, if applicable. If unemployed/retired/housewife, please indicate that
information in the “occupation” box. On the source of funds, you may indicate 1) Salary, 2) Business
income, 3) Proceeds of sale real state, 4) Savings, etc. Please do not leave this blank. Deposit
application with incomplete information shall be returned which may cause delay in the processing of
your transaction.

Other important information:

1. Personal checks are subject to two to three working days clearing. Applications paid by
cashier’s checks are processed immediately.
2. Once account is established, any request for bank statements must be coursed directly to the
PNB branch maintaining the account. For depositor residing overseas, you will not receive
monthly statement of your account through mail. You must send an authenticated Statement of
Account request form each time you want a statement sent to you. If the request is coursed thru
PNB LA, we will charge $40.00 as processing fee.
3. There is a remittance fee each time you remit funds for credit to your account in the Philippines
coursed thru us or thru the PNB RCI offices.
4. Withdrawal from the account can be made thru PNB LA but subject to additional fees to be
collected by PNB LA and the branch maintaining the account. If request is made thru us, we
charge a $75.00 processing fee for regular accounts and $20.00 for Philippine SSS pension
accounts.
5. All charges and deposit requirements are subject to change without notice.
6. Accounts established in the Philippines shall be governed by Philippine Laws and
Regulations.

Once we receive and determined that the documents are complete, we shall send same to the
Philippines for processing and approval. Please know that the processing time for Account Opening
may take on an average 1-2 weeks or may take longer than 2 weeks. Once an account number is
assigned to you, we will send/deliver to your mailing address by standard regular mail unless prior
arrangement is made with you to pick-up your Deposit instruments (ATM Card/Passbook/Checkbook
etc.) from our Branch or in the Philippines, whichever is applicable. You may call or email us after the
lapse of these timelines for follow-up. Please note that we reserve the right to reject application
that does not strictly comply with our requirements.

In case the ATM card/passbook/checkbook etc. got lost in the mail even if the mailing address used
is correct, you need to submit a notarized affidavit confirming that you did not receive the items thru
mail. Additional fee for the replacement of the lost Deposit instruments is $40.00

For your guidance, we are also enclosing PNB Los Angeles Branch’ Privacy Policy Notice.

If you have any questions, please feel free to contact us at telephone number 213-401-1800 or
email us at [email protected]

Thank you.

Very truly yours,

PNB LOS ANGELES BRANCH

 PNB Los Angeles Branch
316 W 2nd St. Suite 700
Los Angeles, CA 90012
[email protected]
213-401-1800

Annex A

SCHEDULE OF INITIAL DEPOSITS FOR ACCOUNTS OPENED IN THE PHILIPPINES THRU PNB
LOS ANGELES

PRODUCT Account Access Required US Initial Deposit 1/

PNB PASSBOOK SAVINGS

ACCOUNT Passbook $240.00

PNB SUPER TELLER ATM ATM $ 140.00

PNB SSS Pensioners 3/ Passbook/ATM $5.00

PNB Prime SA Passbook $1,250.00

$140.00 /2
(includes $10 for cost of 1
PNB BUDGET CHECKING Checkbook checkbook)
$250.00 /2
(includes $10 for cost of 1
PNB REGULAR CHECKING Individual checkbook)

PNB PRIORITY ONE CHECKING ATM & Checkbook $650.00

PNB COMBO CHECKING Individual SAVINGS

ACCOUNT ACCOUNT $650.00
CHECKING ACCOUNT None

PNB DOLLAR SAVINGS

ACCOUNT Passbook $500.00

PNB OFW DOLLAR SAVINGS

ACCOUNT Passbook $0

PNB DIRECT DEPOSIT DOLLAR

SAVINGS ACCOUNT Passbook $200.00

1/ Subject to change without prior notice

2/ If checking account, cost of blank checkbooklet not included, unless indicated
3/ To qualify under the PNB Direct Deposit Program and PNB SSS Program, please
provide us copy of a letter from concerned agency that you are regularly receiving pension or
a letter authorizing you to open an account with PNB.
PNB Los Angeles Branch
316 W 2nd St. Suite 700
Los Angeles, CA 90012
[email protected]
213-401-1800