Client Advisory Conversion of First Access WM Savings ATM To Superteller Savings ATM PC400 V1

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CONVERSION OF FIRST ACCESS WM

SAVINGS ATM TO SUPERTELLER


SAVINGS ATM
Dear Valued Clients,

As part of the on-going harmonization of deposit products, please be advised


of the bulk account conversion scheduled on April 24, 2020, where existing
First Access WM Savings ATM accounts will be converted to Superteller
Savings ATM accounts.

FROM TO
First Access WM Superteller Savings
Product Name
Savings ATM ATM
PNB-PAL Mabuhay
Proof of Deposit PNB Debit Card
Miles Debit Mastercard
Interest Rate 0.10% 0.10%
Initial
PHP 2,500 PHP 3,000
Deposit/MMB*
MMB* to Earn
PHP 10,000 PHP 10,000
Interest
Falling below
PHP 350 PHP 350
MMB* Fee
Withholding Tax 20% 20%

`
Affected accounts will now enjoy the new product features and benefits of
Superteller Savings ATM. Please take note of the increase in Minimum
Maintaining Balance requirement from Php2,500 to Php3,000. Original
account numbers will be retained and existing debit cards may still be used.

For further inquiries, you may call or visit your maintaining Branch.

Thank you for banking with Philippine National Bank.


*MMB – minimum maintaining balance

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