PSBank Money Card 2: Ang Sagot Sa Biglaang Gastos

Credit Facility

Revolving Credit Line and Fixed Term Loan

Loan Amount

up to PhP250,000

Loan Term

24 or 36 months

Minimum Monthly Repayment

5% of the Total Amount Due of Revolving Loan availments or PhP500, whichever is higher + monthly amortization of the Installment Loan availments.

Interest Rate

2.5% interest rate for the Revolving Loan; 1.75% add-on rate for the Fixed Term Loan.

Form of Payment

·  Over-the-counter at any PSBank branch nationwide

·  PSBank, Metrobank, and BancNet ATMs nationwide for clients who have deposit accounts in these banks 

·  Via PSBank Remote Banking for enrolled and activated PSBank accounts

·  Client-initiated deduction/debit from PSBank deposit account only

Accessibility

·  Revolving Credit facility may be availed of from PSBank, Metrobank, Megalink, Expressnet, and BancNet networks nationwide and Maestro-Cirrus ATMs worldwide Term Loan facility may only be availed of from any PSBank ATM

·  BancNet Point-of-Sale (as debit card)

·  PSBank Money Card Checks

Release of card

·  Delivered via courier to place of work within Metro Manila

·  For provincial areas, card is delivered to the client's preferred PSBank branch

Turn Around Time

5 days

Annual Fee

PhP1,500 or 1% of  the approved credit line whichever is higher. To be billed in 3 equal monthly installments

ATM Service Fee

·  PSBank and Metrobank ATMs: PhP10.00

·  BancNet, Megalink, Expressnet, BPI, BPIFSB, Landbank, HSBC: PhP20.00 per withdrawal; PhP1.00 per balance inquiry

·  BDO & Cirrus ATMs: US$3.50 per withdrawal; US$1.00 per balance inquiry    

Credit Line Validity

Renewable yearly

Maximum Withdrawal per day

PhP50,000 in all PSBank and Metrobank branches

Checkbook

For approved credit lines PhP50,000 and up, clients get one FREE checkbook upon request.

For approved credit lines less than PhP50,000, clients can request for a checkbook at a standard cost of PhP165.00.

Money Card Activation Hotline

Customer Service Department:
Telephone No. 845-8888
Fax No.845-0048

Citizenship

: Filipino

Residence

: Philippines

Age

: At least 22 years old but not older than 54 years old upon line approval

Source of Income

: Employed or self-employed

Work Tenure

: At least 1 year permanent work status if employed or 2 years profitable in the 
  same business if self-employed

Monthly Income

: At least PhP10,000 gross monthly income if employed
: At least PhP30,000 net monthly income if self-employed

Others

: Must possess an active credit card
: With residential phone (landline or mobile) and business landline