- PNB Budget Checking Account
- PNB Regular Checking Account
- PNBig Checking Account
- PNB Priority One Checking Account
- PNB Executive Checking Account
- PNB Combo Checking Account
- PNB GreenCheck Account
Let's get more details about these checking accounts. How much are the initial deposit, minimum monthly maintaining balance, balance to earn interest, interest rate (per year), penalty for falling below minimum monthly balance (per month), dormancy period and the dormancy fee?
1. PNB Budget Checking Account
This requires a very low maintaining balance (P2,500). You are allowed to negotiate three (3) checks in a month absolutely free. You can't earn interest in this type of account.
2. PNB Regular Checking Account
3. PNBig Checking AccountIt can be either individual or corporate. Both initial deposit and maintaining balance cost P10,000. It also bears no interest.
4. PNB Priority One Checking AccountEither individual or corporate. Both initial deposit and maintaining balance cost P20,000. You can earn interest here at a rate of 0.50% (per annum).
5. PNB Executive Checking AccountIf you have a high net worth, this checking account is recommended for you. Both initial deposit and maintaining balance cost P25,000. You can earn at an interest rate of 0.35% (per annum) and enjoy perks such as dinner gift certificates and travel tickets.
6. PNB Combo Checking AccountThis is also a special type of checking account that comes with a check writing software. A check writing software enables you to print your own checks easily when you run out of checks. Both initial deposit and maintaining balance are very expensive at a cost of P150,000. The interest rate you can earn is 0.50% (per annum).
This is a combination of individual savings account and checking account or a combo of corporate savings account and checking account where funds are auto-funded by your savings account. Both initial deposit and maintaining balance cost P25,000 (for Individual Savings Account) and P50,000 (for Corporate Savings Account). Interest rate is very low at 0.25% (per annum)
7. PNB GreenCheck Account
This is a special type of checking account where you can issue checks to payees outside the country. Both initial deposit and maintaining balance cost $2,000. You can earn no interest here.
Let's compare all these checking accounts in a table:
| Type of Checking Account | Account Access | Initial Deposit | Minimum Monthly Maintaining Balance | Balance to Earn Interest | Interest Rate (per annum) | Penalty for Falling Below Maintaining Balance | Dormancy Period | Dormancy Fee |
| PNB Budget Checking Account | Checkbook | P2,500 | P2,500 | n/a | n/a | P300 | 1 year | P250 |
| PNB Regular Checking | Invidual (Checkbook) | P10,000 | P10,000 | n/a | n/a | P300 | 1 year | P250 |
| Corporate (Checkbook) | P10,000 | P10,000 | n/a | n/a | P500 | 1 year | P250 | |
| PNBiG Checking | Invidual (Checkbook) | P20,000 | P20,000 | P25,000 | 0.50% | P300 | 1 year | P250 |
| Corporate (Checkbook) | P20,000 | P20,000 | P50,000 | 0.50% | P500 | 1 year | P250 | |
| PNB Priority One Checking | ATM & Passbook | P25,000 | P25,000 | P30,000 | 0.35% | P300 | 1 year | P250 |
| PNB Executive Checking | Checks | P150,000 | P150,000 | P150,000 | 0.50% | P550 | 1 year | P500 |
| PNB Combo Checking Account | Individual Savings Account (Passbook) | P25,000 | P25,000 | P25,000 | 0.25% | P300 | 2 years | P250 |
| Checking Account (Checkbook) | None | None | None | None | None | 1 year | None | |
| Corporate Savings Account (Passbook) | P50,000 | P50,000 | P50,000 | 0.25% | P500 | 2 years | P250 | |
| Checking Account (Checkbook) | None | None | None | None | None | 1 year | None | |
| PNB GreenCheck Account | Checkbook | $2,000 | $2,000 | $5,000 | None | $20.00 | 1 year | $10.00 |
Can you share with us your experience in handling your checking account with PNB? Is it better to acquire a PNB checking account than any other checking account of other banks?
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