Secure Goals Plus Terms and Conditions
Terms and Conditions
1. This deposit is subject to the terms and conditions on account opening and maintenance, to specific product guidelines as may be applicable and all other rules and policies of the Bank.
2. The agreed fixed amount shall be credited to the Secure Goals Plus through client’s assigned source account every month based on the fixed deposit schedule.
3. Any withdrawal of this deposit shall be made through debiting the Secure Goals Plus and crediting the assigned settlement account.
4. Any withdrawal of this deposit, whether of the interest only or of the principal and interest, via credit to the settlement account shall render the confirmation letter cancelled for all intents and purposes. Hence, presentation of the depositor’s copy of this confirmation letter to the Bank is not a pre-requisite to withdrawal.
5. The Depositor may apply for termination or withdrawal of this deposit before the stipulated Maturity Date subject to the prevailing policy of the Bank on pre-termination.
6. The above application will be processed by the branch of account and the proceeds thereof shall be credited to the settlement account.
7. In case of failure to deposit the agreed amount at least one (1) banking day, within banking hours, before the scheduled deposit date shall result to termination of the Secure Goals Plus. Proceeds thereof shall be credited to the settlement account.
8. The interest rate to be applied for pre-termination of Secure Goals Plus shall be as follows:
| 1st half of the term = savings rate | 2nd half of the term = 50% of the given rate |
9. This deposit shall be subject to applicable withholding tax rate, unless client presents a certification or pertinent supporting documents acceptable to the Bank which state that client is exempted from corresponding tax.
10. Further details on features, policies, terms and conditions of deposit products are available for client’s viewing on Security Bank Corporation’s website: https://www.securitybank.com.
11. This deposit may not be assigned/transferred without the prior consent of the Bank.
12. The mere possession of the confirmation letter shall not be presumed or deemed as proof of non-payment of the proceeds thereof. For any dispute regarding non-payment, the depositor should submit evidence that the settlement account was not credited.
13. For inquiries and complaints, please call our 24-hour Customer Service hotline at (632) 888-791-88 or email us at [email protected]. Security Bank Corporation is supervised by Bangko Sentral ng Pilipinas with telephone number (632) 708-7087 and email address [email protected].
General Provision
The applicant represents and warrants that the information indicated above are true and accurate, the funds originate from genuine transactions, and the applicant has the requisite power or corporate authority to execute this transfer and that the beneficiary is an existing person or entity. The applicant agrees to comply with this Bank’s policies in relation with anti-money laundering and counter terrorism financing, foreign exchange transactions and all applicable regulations of the Bangko Sentral ng Pilipinas, Anti-Money Laundering Council and other appropriate government agencies. The Bank reserves the right not to process this application if this Bank reasonably believes that the applicant violated the aforementioned policies or if any information given in the Application is incomplete or is not sufficiently clear. By filling out this form, this Bank is authorized to disclose Applicant’s name, account number and/or other account information, should the requested transaction be incapable of being performed by the Bank in the manner instructed by the Applicant. The Bank reserves the right to automatically debit the Depositor’s account without prior notice, for any crediting or posting error to the client’s account to effect correction. Any legal action or proceeding arising from or relating to the services rendered herein shall be brought exclusively in the proper court of Makati City to the exclusion of all other courts.