Deposit Products

Deposit products
1. Start up savings account

2. Step up savings account
3. Regular savings account
4. Abot Kaya savings account
5. Impok Pangarap
Special savings account
1. Golden Money Maximizer

2. Golden Protect Time
3. Golden Time Deposit Classic
4. Flexi Gold
Stages of time deposit
1. Termination
2. Pre termination
3. Renewal roll over
4. Renewal interest out
5. Renewal partial withdrawal
6. Renewal additional placement
Banks risk assessment procedures
1. Nature of business
2. Length of relationship with the bank
3. Business address located
4. Expected cash volume
5. Politically exposed person
6. Occupation
7. Does it seem that the initial deposit is not in line with the customer’s status?
8. Does it seem that the declared transaction proof is not in line with the customer’s status?
9. Does the customer work in a position susceptible to corruption?
10. Type of transaction
High Risk individuals
1. PNP
2. Soldier
3. Priest
4. Businessman with high risk business
5. Politically exposed person
6. Government employees under: COA/ DEPT OF FINANCE/ TREASURY STAFF
7. Lawyers under firm
8. Accountants under accounting firms
High risk industries
1. Money service business

2. Pawnshops
3. Embassies/Consulates
4. Gambling/Gaming
5. Charitable Institution
6. Gas station
7. Auctioneers
8. Telecommunications
9. Import/Export
10. Real estate brokers/Agents
Account Opening Forms
1. Specimen Signature Card

2. Account Information Form
3. Client Information Form
Digitized Customer Records
1. AIF
2. CIF
3. Specimen Signature Card
4. Valid IDs
5. Amla Risk Assessment
Details Printed in Passbook
1. Name
2. Account number
3. Address
4. Telephone number
5. Branch
6. Branch Manager
Details in Ledger header
1. Name
2. Account number
3. Signature
Sending of letters
1. Dormant
2. Near dormant
3. Thank you letter
4. Birthday card
5. New loan release
Kinds of Cashier’s report
1. Non PO based
2. Request for cash advance
3. Cash Liquidation
Reports that need transmittal
1. Cash/ check deposit to other bank

2. Cash withdrawal to other bank
3. Sending of letter (received by Post Office)
Order of reports
1. TTS
2. 1001
3. 1005
4. 1105
5. Transmittal reports
6. Loan release
7. Check deposit
8. Cash deposit
9. Cash withdrawal
10. OR ( other than loan payment)
11. CA settlement transactions
12. Time deposit
13. Cashier’s Check
14. Credit Memo
Savings deposit- This represents all interest-bearing deposit, withdrawal upon presentation of duly
accomplished withdrawal slip together with the passbook.
Time certificates of deposits - This represents the interest-bearing deposits, with specific maturity dates
and rates of interest, and is evidenced by certificates issued by the Bank in the name of the depositor.
Treasurer/Cashier/Manager’s checks - This refers to the total amount of checks drawn by the Bank upon
itself payable to the payees named in the check.
Interest expense- This refers to payments and/or monthly accruals of interest on the financial liabilities.
Ordinary savings accounts - an interest bearing account withdrawable any time and evidenced by
passbooks.
Special savings deposit account – interest bearing account (with interest rates higher the regular savings
account) placed for a stipulated period of time and evidenced by passbooks.
Certificates of time deposits – with fixed interest rate for a fixed stipulated period of time evidenced by
Certificates.
Customer records - refer to the customer information and documents obtained upon account opening in
establishing the true and full identity of customers including transaction records.
Enhanced due diligence- shall be applied to customers that are assessed by the bank as high risk.
Risk Profiling - The Bank has specified the criteria and description of the types of customers that are
likely to pose low, normal or high risk to their operations, as well as the standards in applying reduced,
average and enhanced due diligence, including a set of conditions for the denial of account opening or
services.
Beneficial Owner- refers to any natural person(s) who ultimately owns or controls a customer and/or on
whose behalf a transaction is being conducted; or those who has ultimate effective control over a juridical
person or legal arrangement.
Juridical/Corporate/Commercial Accounts - (includes single proprietorship, partnership, corporate
accounts – domestic/foreign, if any, treasurer-in trust and associations, cooperatives and other
unincorporated groups)
Fund Transfer (special accommodation for clients)- refers to a special accommodation for clients which
involves withdrawal transaction from his/her GRBP account and deposit the same to the client's account
in another bank.
Bank Certification - A document stating how much money a depositor has in the bank on a particular
date.
Bank Statement – a document summarizing all the transactions of the depositor during a particular period.
It contains Bank account information, such as account numbers, and a detailed list of deposits and
withdrawals. Bank statement shall be given upon the request of the depositor.
Dormant accounts- Accounts which has no activity (deposit or withdrawal) for more than two years shall
be classified and transferred to dormant account
Fees and charges
Maintenance fee- 50
Loss of passbook - 100
Check transaction - 10
Closing of accounts- 100
Activation of close accounts- 500
Dormancy fee - 30
ERA- Employee related account

CTD- Certificate of Time deposit
NAC- Notice of account credit
AMLA-Anti money laundering council
PDIC- philippine deposit insurance corporation
RFP- Request form payment
RSF- Requesting staff form
CTDCS- certificate of time deposit Computation sheet
SME- senior management executives
STR- Suspicious transaction reports
CTR- Covered transaction reports
MLER- Money laundering evaluation record
BCP- Business Continuity plan

Deposit Products

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Deposit Products

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Deposit products

1. Start up savings account

Special savings account

1. Golden Money Maximizer

Stages of time deposit

Banks risk assessment procedures

High Risk individuals

1. Money service business

Account Opening Forms

1. Specimen Signature Card

Digitized Customer Records

Details Printed in Passbook

Details in Ledger header

Kinds of Cashier’s report

Reports that need transmittal

1. Cash/ check deposit to other bank

ERA- Employee related account

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