Selected MSU-IIT NMPC branches are now serving ATM savings for its members

 

 ATM Savings Account

 

Guidelines

1. All regular and associate members are encouraged to get an ATM card.

2.  Initial amount of deposit is P200.00 (non-withdrawable)

3. Loan proceeds can be deposited to the member’s ATM savings account depending on his/her request.

4. The maintaining balance is P500.00.

5. The amount required to earn an interest is P2,000 with 1% per annum.

6. The maximum amount of withdrawal per transaction is P10,000 maximum of P20,000 per day.

7. The member may transact his/her ATM card using our coop’s ATM machine for him/her not to incur any charges – no transaction charges.

8. For all other banks, the usual rates for other ATM cards will apply.

9. A dormant account (an account with no transaction within one year from the last transaction date but not below the maintaining balance) will be charged P100 per month from the dormancy period. However, if a transaction has been made, the account is automatically activated.

10. For ATM lost card, replacement costs P200.00