CUSTOMER INFORMATION FORM (CIF)

FOR INDIVIDUAL

BBN
CUSTOMER INFORMATION
NAME

(Last Name) (First Name) (Middle Name)

DATE OF BIRTH (MM/DD/YYYY) PLACE OF BIRTH GENDER
Male Female
NATIONALITY Citizen With Standing Instruction to transfer With SPA issued to a person with U.S.
funds to account maintained in the US? Address; or "in care of" or "hold mail" address?
Resident
Yes No Yes No
Non-Resident
PRESENT HOME ADDRESS

(Floor / Number, Street, Barangay / Subdivision / Municipality, City / Province, Postal Code)
PERMANENT HOME ADDRESS (For U.S. ,Japanese or Foreign National, address in foreign country is mandatory) PHONE NO. U.S. TIN

(Floor / Number, Street, Barangay / Subdivision / Municipality, City / Province, Postal Code)
TIN / SSS / GSIS #, if any PRIMARY PHONE NO. MOBILE NO. E-MAIL ADDRESS

NAME OF EMPLOYER OCCUPATION / POSITION YEARS IN WORK

NATURE OF WORK OR EMPLOYMENT SOURCE OF FUNDS

Agriculture Education Manufacturing Professional Practice Business Remittance Inheritance
Brokerage Financial Institution Medical Service Others Salary Interest Income from Investment Pension
Insurance Marine Others
Construction Commission Sale of Investment/Property

CUSTOMER NO.
ACCOUNT/S MAINTAINED WITH OTHER BANKS COMPANY/IES WITH RELATED INTEREST FEATURES/SERVICES TO BE AVAILED SECURITY BANK
PRODUCT APPLICATION
NAME OF BANK ACCOUNT TYPE (e.g. as Director, Officer, Stockholder, etc.) Fund Transfer Facilities Remittance
Credit Card
1. 1. Check Protector Others
Home Loan
2. 2. Maximizer
Auto Loan
3. Scheduler
3. Personal Loan
Please use separate sheet if necessary. Please use separate sheet if necessary. MobileBanker / TeleBanker Small Business Loan

CIF ACCOMPLISHED BY / RELATIONSHIP (For ITF / BY Account):

DEPOSITOR’S AGREEMENT
By signing this form, I hereby certify that the information I provided is true and accurate to the best of my knowledge and that the documents submitted are authentic. I shall notify SBC in writing of any change in the
information supplied in this form. I have read, understood and agreed to be bound by the terms and conditions governing all products, services or facilities rendered/to be rendered by Security Bank Corporation(SBC)
including the Bank's applicable service and maintenance fees. I further acknowledge that said terms, conditions and amount of applicable fees were provided to me and/or are available for my viewing at the Bank’s
website @ www.securitybank.com.ph. which I commit to visit from time to time. All accounts to be opened under my name shall be recognized in the Account Details Form (ADF) or Signing Instruction Form (SIF) which
shall be used by the Bank as basis for my banking transactions. I hereby grant full permission to the SBC group of companies (SBC and its affiliates and subsidiaries reported as part of SBC’s conglomerate map / group
structure as defined under BSP Circular 749), to access all information relating to my account/s, and to make the corresponding required reports in compliance by the Bank with the Foreign Account Tax Compliance Act
(FATCA) due diligence rule, other inter-governmental agreements and other applicable laws, rules and regulations as may be passed from time to time. By ticking off applicable items above and signing on the space
provided in this section, I hereby apply for other Security Bank Products.
In relation to my application, I agree to the terms and conditions of the Bank Products as found in www.securitybank.com.ph and that my application is subject to the Bank’s Credit Approval Processes and Guidelines. I
agree to submit other information and/or documents as the Bank may deem necessary and authorize the Bank to verify and investigate these with third parties, including but not limited to my employer, the Bank's
affiliates, subsidiaries, agents or service providers, the Bankers' Association of the Philippines - Credit Bureau (BAP - CB) or to any similar central monitoring entity or recipients as provided for by law and required by
competent authority.

I hereby agree and consent to all information relating to our account/s be used for cross-selling, marketing initiatives, campaigns, programs or sharing products and services information or credit checks by the SBC Group
of Companies and Bancassurance companies or their authorized Service Providers and representatives and allow them to contact us for this purpose (i.e. by e-mail, telephone, text, etc.), or in case of audit and our
account is chosen as a sample for account balance confirmation.

No, I do not agree to have my account/s used for product and services information, and account balance confirmation.

Signature Over Printed Name / Date

BBN.

FOR BANK’S USE ONLY

CUSTOMER CONTACT Walk-in Solicited FOR BANK'S
Referred USE ONLY
ACCOUNT SOLICITED BY: SVS
Base60 AML System
NAME OF REFERROR: RELATIONSHIP:
ENFIS
FTP
Signature Over Printed Name / Date
Masterlist
SALES ID: AO CODE: BRANCH:
"Thank You" Letter Sent
Verified
PRC/DTI/SEC
DOCUMENTS VERIFIED SIGNATURE TAKEN/AUTHORIZED BY: CIF ENCODED BY: ACCOUNT OPENING APPROVED BY:
AGAINST ORIGINALS BY:

Signature Over Printed Name / Date Signature Over Printed Name / Date Signature Over Printed Name / Date Signature Over Printed Name / Date

BR-1301-0417-IND (PRINTABLE) Page 1 of 3

This form is a proprietary product of Security Bank Corporation intended for its sole use. Any unauthorized review, alteration, amendment, use, disclosure, distribution, importation, removal, alteration,
substitution, modification, storage, uploading, downloading, communication, making available to the public, or broadcasting of this material without the consent and knowledge of Security Bank
Corporation is prohibited and is punishable by a fine and/or imprisonment under Republic Act No. 8792, otherwise known as the Electronic Commerce Act.
 GENERAL TERMS AND CONDITIONS

The following are the general terms and conditions that apply to accounts opened, and any future account/s that the times, to: (a) immediately change the computer-generated PIN upon receipt; (b) safely keep the ATM Card and PIN in
Depositor may open with Security Bank Corporation. By signing the required account opening forms, the Depositor the Depositor’s sole possession; (c) not disclose the PIN, record it on the ATM Card or otherwise make it available to
agrees that our account/investment relationship shall be governed and bound by these Terms and Conditions. anyone under any circumstance.
Security Bank Corporation and the Depositor, our customer, agree that the word “BANK” shall refer to any and all
units and branches of Security Bank Corporation. The word “DEPOSITOR” or “CLIENT” shall refer to the person or LOSS OF THE SECURITY BANK ATM CARD/MASTERCARD DEBIT CARD
persons opening and maintaining the account/investment relationship with the BANK. The word “ACCOUNT” shall The Cardholder shall immediately make a phoned-in report to the BANK for any loss, theft, and known or suspected
refer to one or all accounts opened, maintained, and existing, whether Active or Dormant, by the Depositor. Security unauthorized use of the Card. The Cardholder shall be liable for all authorized and unauthorized ATM or Debit Card
Bank Corporation, and the Depositor, our customer, agree that “Debit” means deduction from the Depositor’s transactions, including any withdrawals and purchases using the Card. The phoned-in report shall automatically free
account, and “Credit” means addition to the Depositor’s account. the Cardholder from any liability but any unauthorized charges made against the lost/stolen CARD prior to the
phoned-in report shall be for the exclusive account of the Cardholder.
SUBMISSION OF DOCUMENTARY REQUIREMENTS
The Depositor agrees that the BANK shall open the account upon complete submission of all regulatory and bank FOREIGN CURRENCY ATM CARD/MASTERCARD DEBIT CARD TRANSACTIONS
documentary requirements. By opening the account, the Depositor agrees to be bound by the BANK's policies, For transactions made in foreign currencies in the Philippines or abroad, the manner of conversion from the
together with the terms and conditions stipulated in this agreement, including all other existing laws and regulations. transaction currency to the payment currency (Philippine Pesos) would be automatically made using prevailing
Should the BANK agree to provisionally open an account pending the completion of the documentary requirements, exchange rate of Security Bank and/or the international network where the transaction was coursed through at posting
the BANK reserves the right to unilaterally close the account if the pending requirements are not received by the date.
BANK within 20 calendar days, for Individual clients or 45 calendar days for business clients. In any case, the BANK
reserves the right to close automatically, freeze or place in an inoperative status any account, should the Depositor FUNDS TRANSFER
fail to 1) submit documentary requirements for account opening within the extension period after provisional account Any funds transfer to own account or third party account, made by the individual or corporate clients thru branch should
opening, 2) update/reply to the BANK's formal request for status update on pending government applications which be documented in writing via transfer application form or client's letter of instruction and signed by the Depositor/s,
would change client's account status, or 3) if the BANK has reasonable grounds to believe that the account is being following the account's signature rules. Funds transfer made via e-channels (SBOL, DigiBanker, ATM) are confirmed by
misused, or the individual/entity operating the account was known subsequently to pose undue risks to the BANK. the depositor to have been made or authorized by encoding PIN or password, known only to the client. Should the
requested transaction be incapable of being performed by the BANK in the manner instructed by the Depositor, without
FAILURE OF VERIFICATION the BANK disclosing details about the Depositor and/or the Depositor’s account, the execution of the funds transfer
The BANK shall exert efforts in ascertaining the accuracy of the information given by the Depositor in the Customer request shall be deemed as the Depositor’s express authority to the BANK to make such disclosure within the terms of
Information File (CIF) or Account Opening Form (AOF) Folder. Should the BANK have reason to believe that any of the applicable regulation, and without any need for any prior notice or further consent or documentation. By the
the information furnished by the Depositor therein is false, inaccurate, erroneous or is otherwise not capable of foregoing authority, the BANK shall not be in violation of any of the secrecy laws for making such disclosures. Further,
verification, the BANK shall have the right, and is so hereby authorized to close the account without notice to the the Depositor warrants that the funds subject to any funds transfer transaction originate from bonafide transactions and
Depositor. The BANK shall not be liable for whatever losses or damages that may arise against the Depositor as a shall be used for legal purposes. Further, for any funds transfer credited to the Depositor’s account, the BANK should be
result thereof. notified in writing within one (1) day from the date of credit in case the Depositor does not want to accept the credit and
stating the reason thereof. The BANK shall be free and harmless from any liability or complaint arising for any funds
DISCLOSURE OF DEPOSITOR INFORMATION transfer credited made to the Depositor’s account.
The BANK shall treat information relating to the depositor, deposit account and transactions on the deposit account
as confidential. However, in order to facilitate banking transactions, the Depositor authorizes the Bank to disclose AUTOMATIC FUNDS TRANSFER SERVICES
information relating to the depositor, deposit account and transactions on the deposit account, to the following: (1) For automatic funds transfer services, the Depositor shall be required to accomplish and sign the back portion of
Other banks, financial institutions, credit agencies or credit bureaus for the purpose of verifying authenticity of the Accounts Opened and Signing Instruction Form (AOSIF) or Signing Instruction Form (SIF) or Individual/Corporate
information provided by the Depositor or to address queries relating to anti-money laundering due diligence on Fund Transfer Application and Maintenance Form, which shall support the Depositor’s standing instruction to avail any of
transactions that were coursed through the BANK; (2) Counterparties and their respective banks in relation to fund the following specific type of Funds Transfer services:
transfers, payments, drawing of cheques, and other transactions; (3) Agents, contractors or third party service 1.1 Security Check Protector - is a fund transfer facility, which enables clients to transfer their money to their Checking
providers who provide operational services to the BANK, such as courier services, telecommunications, information Accounts in order to avoid the hassle of insufficient funds, linking to a maximum of three (3) other movement
technology, payment, payroll, processing, training, market research, storage, archival, customer support (Checking/Savings) source accounts. Under this facility, recipient accounts obtain funds from the source accounts
investigation services or other services to the BANK; (4) Regulatory or government agencies to comply with existing every time the Checking Account balance falls short in funding in-clearing checks or other debit transactions.
laws, rules and regulations and in relation to listing requirements of the Philippine Stock Exchange and Securities & 1.2 Security Scheduler - is a fund transfer facility which enables the system to transfer automatically a specified
Exchange Commission. amount from a client’s enrolled movement account (Checking/Savings Accounts) to another designated account
This authorization shall continue to be in effect even after the Depositor's account has been closed. at a specified time or frequency to settle obligations, transfer allowances or meet funding requirements for his
business. Under this facility, the client may enroll various recipient accounts to be linked to his personal/source
DEPOSITS/PLACEMENTS/PAYMENTS accounts or vice versa. Frequency and amount to be transferred can be set to each recipient account as dictated by
All deposits must be made by the Depositor personally or by his authorized representative by filling out the the client.
appropriate deposit slip. The BANK shall consider any person depositing for, and on the Depositor’s behalf, as duly 1.3 Security Maximizer - is a fund transfer facility, which enables the client to transfer automatically excess/surplus
authorized by the Depositor to perform the deposit transaction. The BANK shall accept deposits, investments or funds from his account to other accounts. Under this facility, the client may enroll a source account to as much as
payments either in cash, check or debit from another account/s. In accepting checks as deposit, the BANK shall act three (3) receiving accounts wherein he may set the minimum and maximum amounts to be transferred to each
merely as a collecting agent, and shall have no responsibility beyond the exercise of due care in transmitting the recipients whenever there are excess funds from the source account.
items electronically via Check Image Clearing System (CICS) of PCHC, where the physical check is not included in Whenever a fund transfer to be made in this facility falls on a Saturday, Sunday or public holiday under the Laws
the collection or return process, as a payment instrument. The Depositor shall not be credited for nor shall the of the Republic of the Philippines, such transfer may be made in the next succeeding banking day.
Depositor be allowed to withdraw the amount corresponding to the said checks until cleared funds have been Joint accounts can be enrolled provided that all Accountholders sign on the required application form.
actually received by the BANK. Checks received after the BANK’s cut-off time shall be processed on the next Linking of third party accounts may be allowed provided said third party accounts shall be receiving accounts only.
banking day. For acceptance of crossed checks payable to one depositor for deposit to a joint “AND” or “OR” account The owners of the third party accounts to be enrolled shall be required to sign in the enrollment portion of the required
of said depositor, the depositor commits and undertakes to indemnify the BANK in the event that the issuer of the said application form. Instructions for any changes, cancellation, and/or revisions relating to the conduct of the Fund
check or any affected third party complains, objects, or otherwise files a claim against the BANK as a result of said Transfer Services shall remain in force unless sooner revoked by the Depositor/s in writing. The Fund Transfer
accommodation. Should the BANK accept for deposit, checks that are not endorsed by the payee, the depositor holds Services shall be made / used for legitimate purposes, and shall not be used for Money Laundering or for any other
the BANK free and harmless from any and all liabilities, claims and demands of whatever kind and nature that may illegal purposes. The BANK may, at any time and for whatever reason, reject any transaction without incurring any
arise from said accommodation. All endorsements or lack of endorsements on the checks deposited with the BANK liability. The BANK shall not be held liable for any indirect, incidental or consequential loss, loss of profit, or damage
are guaranteed by the Depositor. Proceeds of deposit or collection items shall be credited to the Depositor’s suffered by the Depositor by reason of error or failure to complete or effect transaction if said error or failure resulted
account, net of service charges that may be collected by the BANK or by the drawee/collecting bank. The BANK from accident, force majeure, strike, war, viruses, tampering, fraudulent use, or misuse or the Depositor’s non-
shall not be liable for items lost in transit. The Depositor shall have full responsibility for the correctness, compliance with the stated procedures.
genuineness, and validity of all items deposited as well as of all endorsements, signatures and information found
thereon. For all deposits including, but not limited to, deposit subject to count arrangement or for later verification, POSTING OF TRANSACTIONS
the Depositor acknowledges that the BANK’s count is deemed accurate and final. All notes and coin deposits must All transactions posted to a Depositor’s account shall be validated on a bank’s transaction slip (i.e. deposit slip,
be sorted according to denomination and the BANK’s prescribed number of pieces per bundle/bag prior to withdrawal/debit slip, MTAF, etc.) and are for the account of the Depositor. However, in the event of any crediting
acceptance. The BANK has the right to debit automatically, the Depositor’s account for any shortages or error, misposting, erroneous posting or discrepancy in posting of cash, check or funds transfer to the Depositor’s
discrepancies due to counterfeit or out-of- circulation cash notes/coins, insertion, and/or errors in counting, which account, due to technical or human errors in posting a transaction in the system, which may be found after rigid
were found after our receipt of cash items, despite any machine-validated or manually-signed acknowledgement verification process of transactions is conducted in accordance with the bank’s internal policies, the BANK reserves
receipt. The BANK reserves the right to refuse any deposit contemplated herein should such refusal be necessary to the right to automatically debit the Depositor’s account without the express authority from the latter or prior written
protect the BANK’s own interest. The BANK shall be held free and harmless from any claim or dispute arising from demand from the Bank.
the execution and implementation of the present Terms and Conditions. In making a deposit, the Depositor agrees to
SECURITY BANK ONLINE SERVICES
assume full responsibility for the accuracy and correctness of the information filled out in the deposit slip, and the
The Depositor acknowledges that once the Terms and Conditions detailed on the Security Bank Online enrolment
Depositor further agrees to hold the BANK free and harmless from any liability for losses due to any discrepancy
page has been accepted during enrolment in the facility, he is deemed to have agreed thereto. Among others, the
therein, such as but not limited to, the statement of an incorrect account number although the name of the Depositor
Depositor agrees and accepts, that:
is correctly written. The Depositor agrees that for Foreign Currency accounts that the Depositor opens, these shall
1. The Depositor understands the corresponding risks entailed in availing of the services in Security Bank Online.
be funded purely by foreign currency receipts eligible for deposit under CB Circular No. 960 as amended by CB
The Depositor understands that all other Terms and Conditions governing the services offered in Security Bank
Circular No. 1318, and the Depositor undertakes to hold the BANK free and harmless from liability for deposits made
Online shall remain in full force and effect. The Depositor is bound by any and all laws, rules, regulations and
in violation of said law, rules and circulars. The BANK shall endeavor to keep on hand an updated balance of the
official issuances applicable to Security Bank Online now existing or which may thereafter be issued or
Depositor’s account. It is however the duty of the Depositor to periodically ascertain from the BANK the actual
communicated by the BANK through whatever means, as well as such other Terms and Conditions governing the
balance based on cleared funds. The BANK has the right to offset the deposit against any indebtedness owed by the
use of other facilities, benefits, or service which the BANK may make available to the Depositor in connection with
Depositor to the BANK without need of prior notice to said Depositor. Deposits under hold-out, garnishment,
Security Bank Online. The Depositor likewise agrees that the Depositor’s continued use of Security Bank Online
sequestration, with adverse claim, or any other legal/contractual impediment, are not subject to withdrawal up to the
thereafter shall constitute the Depositor’s acceptance of the modifications and revised Terms and Conditions.
amount covered by the lien or claim. Nevertheless, should the Depositor succeed in withdrawing the levied amount,
2. By accepting the terms and conditions and by using Security Bank Online, the Depositor is bound by the Terms
in whole or in part, the Depositor shall deposit back the amount corresponding to the amount withdrawn not later
and Conditions governing the same, its nature, present and future functionalities and operating features, and to
than three (3) business days from notice by the BANK. When the account is closed, whether by the BANK or by the
pay any applicable fees associated with the use of the same. Acceptance of the terms and conditions online would
Depositor, the BANK may require the Depositor to surrender all unused checks before the balance of the account is
amount to acceptance in writing.
released. The BANK shall not be liable for any loss or damage incurred by the Depositor or a third party due to
computer programming defects, errors due to faulty communication lines, or any defect in the material or MINIMUM BALANCE
workmanship of any computer equipment. Article 1250 of the Civil Code of the Philippines shall not apply to the A minimum maintaining average daily balance as set by the BANK shall be required for all accounts. A monthly
account. service fee as posted in the bank premises and at the bank website (www.securitybank.com) shall be charged to the
WITHDRAWALS account whenever its balance falls below the minimum average daily balance requirement for two (2) consecutive
Withdrawals or funds transfers must be made by the Depositor personally or through an authorized months. The BANK reserves the right to change the minimum balance requirement and corresponding charges therein
representative upon presentation of the passbook, a duly accomplished withdrawal/debit slip via over-the- counter or SERVICE CHARGES
through the use of other available facilities (ATMs, Phone Banking, Internet Banking, etc.). Signature of the The Depositor agrees that the Depositor’s account/s, whether active or dormant, shall be subject to such service
representative should be duly authenticated by the Depositor on the withdrawal/debit slip. At the BANK’s discretion, charges imposed by the BANK. The BANK shall have the right to deduct such charges against the account/s and such
withdrawals may be made in amount/s exceeding his withdrawable balance which represents the Depositor’s right shall have preference over the payment of any checks/drafts, which may have been drawn from the Depositor’s
ledger balance less uncollected check deposits and deposit with lien. However, for any withdrawal, the BANK account/s. Thus, the BANK shall not be liable for the dishonor of the Depositor’s checks/drafts because of insufficient
may require a 7-day advance written notice, whenever in the opinion of the BANK, the same may be deemed funds caused by such deduction. Checks drawn against insufficient funds or uncollected deposits shall be subject to
advisable. The Depositor is allowed a certain number of withdrawals / funds transfer from his account in any given service charges whether subsequently funded or returned. A nominal charge shall be collected on accounts which are
month (depending on the product), in excess of which, the BANK reserves the right to impose a service charge or a closed within 90 days from the date of opening. A monthly service charge imposed by the BANK shall be charged if
lower interest rate. The BANK does not warrant availability of foreign currency notes at all times to meet withdrawal the daily balance of the Depositor’s account/s falls, at any time during the month, below the minimum maintaining
requirements. In case of non-availability of currency notes, withdrawals may be in the form of telegraphic transfers, balance required by the BANK. Accounts with zero balance due to service charges or other causes may be closed by
demand drafts, mail transfers or in the currency which is legal tender in the Philippines. If the Depositor opts to the BANK without prior notice to the Depositor. Such service charges to be imposed by the BANK shall be provided to
withdraw in the form of telegraphic transfer, demand draft or mail transfer, the same shall be construed as the client as Attachment to the Terms and Conditions to be sent via Statement of Account (SOA) or Thank you Letter,
an application for such services and may be subject to the usual processing fees. and posted in the bank premises and at the bank website (www.securitybank.com). The BANK reserves the right to
change the minimum balance requirement and corresponding charges therein.
SECURITY BANK ATM CARD / MASTERCARD DEBIT CARD
The SECURITY BANK ATM CARD/MASTERCARD DEBIT CARD (“CARD”) is issued to the Depositor ("the DORMANT ACCOUNTS
cardholder") together with a corresponding PIN Mailer to be used on the BANK's or other bank's Automated Teller Current / Checking accounts with no activity (deposit / withdrawal / encashment) for one (1) year and Savings
Machine (ATM). The card can also be used as a debit card to make purchases with or without a PIN CODE on any accounts with no activity for two (2) years shall be classified as dormant. Dormant accounts shall be subject to
physical or online Point of Sale (POS) terminal networks or any other electronic devices and online facilities installed minimum monthly service charge if they fall below the required minimum monthly balance. The minimum monthly
by the BANK in which the card is applicable. For security purposes, the cardholder should immediately affix his service charge may be amended by the BANK from time to time as circumstances may warrant. Accounts with zero or
signature at the back of the ATM Card upon receipt. For the cardholder's protection, the Depositor agrees, at all
Page 2 of 3
Revised as of September 8, 2017
negative balance due to service charges or other causes may be closed by the BANK. Deposits remaining dormant
for more than ten (10) years shall be escheated in favor of the National Treasury as provided by law.
MISHANDLED ACCOUNTS
The BANK reserves the right to close the account at any time without prior notice to the Depositor if the account is,
in the BANK’s opinion, not maintained in a satisfactory manner, when the account is being used as a tool for the
commission of fraud or any other crime or when the continued existence of the account with the BANK would
prejudice its interest in any way. Should closure of the account be effected by the BANK as a result of improper
handling through the issuance of insufficiently unfunded check/s, the BANK is authorized to report such closure and
the reason/s thereof to the Bankers Association of the Philippines (BAP), or to any central monitoring body
established by the BAP to record and monitor the mishandled deposit accounts of its member banks. The Depositor
further agrees to hold the BANK free and harmless from any liability for losses due to any or all liabilities, claims,
demands of whatever kind and nature in connection with or arising from (a.) The closure of the account and/or (b.)
The dishonor of any check thereunder which may be presented to the BANK after the closure of the account and/or
(c.) Reporting by the BANK of the closure of the account and the reason/s thereof to the BAP.
CLOSURE OF ACCOUNTS
A Current Account/Savings Account may be opened with a minimum initial deposit in the amount set by the BANK.
For client-initiated closing of an account, a withdrawal/debit slip shall be filled out for the entire amount of the
balance outstanding in such account. The BANK may close an account any time without prior notice to the
Depositor, if the deposit balance becomes zero, due to collection of service charges by the BANK or withdrawal by
the Depositor, or for violation of existing rules and regulations of the BANK, the Bangko Sentral ng Pilipinas, Anti-
Money Laundering Council, Bankers’ Association of the Philippines, or any other agency to which the BANK may be
affiliated, or for such other reason which the BANK may deem reasonable for the protection of its interest. A nominal
charge shall be collected on accounts which are closed within 90 days from the date of opening. The BANK may, at
any time, return to the Depositor his deposit together with the interest due. The Depositor/s may be notified either
personally or by mail of the BANK's intention to close the account and the interest will cease from the date of such
notification. Deposits may be withdrawn only in the manner provided therein.
INTEREST
The account shall earn interest net of applicable withholding tax if it meets the required minimum balance set by the
BANK. Interest earned shall be credited to the Depositor's account at the end of every month or quarter, whichever is
applicable. A reduced interest rate may apply if the account fails to meet the required frequency of withdrawal per
quarter. A check item accepted for deposit does not earn interest until after the proceeds of such item have been
cleared and fully credited to the account. No interest shall be paid on the account if (a) for ten (10) consecutive
years there is no deposit, withdrawal, or notice from the Depositor; or (b) the account is closed before the end of the
month. No interest shall be paid on dormant accounts or when the BANK has requested the Depositor to close his
account in which case, the account stops accruing interest as soon as the BANK transfers the balance to Accounts
Payable or issued a Manager’s Check in favor of the Depositor.
STATEMENT OF ACCOUNT
The Statement of Account (SOA) is the official record of the transactions and balances of the account. It shall be
provided to the Depositor periodically either through pick-up from the Depository Branch, or electronic mail/e-mail to
the e-mail address provided by the Depositor depending on the regulatory requirements on the matter. As advised in
the SOA, the Depositor should promptly notify the BANK through 24-hour Customer Service hotline at (632) 88-791-
88 or e-mail at customercare@securitybank.com.ph of any exceptions noted in the statement within twenty (20)
calendar days from receipt thereof. Otherwise, the Depositor shall be deemed to have accepted the correctness of
the statement. For a Depositor opting to have his SOA e-mailed, the Depositor shall inform the BANK immediately in
case of any change in his e-mail address. Should the Depositor request for a statement of account prior to his cycle
date, his account shall be debited for the processing fee. Special statements, on the other hand, shall be available at
the Depository branch for pick-up by the Depositor or his duly authorized representative. The BANK reserves the
right to destroy monthly bank statements including any related cancelled/paid checks and/or any debit/credit memos
remaining unclaimed for a period of 90 calendar days from the time the SOA was made available for pick-up, or from
the time it was e-mailed, or from the time the SOA, and scanned copies of the issued checks (if available) were sent
via e-mail. Securing the designated e-mail address against unauthorized use shall be the sole responsibility of the
Depositor. In opting to receive the SOA via e-mail, the Depositor assumes the risks involved in e-mail transmissions,
such as but not limited to, the risk that the information may not be delivered, the account information becomes
exposed to unknown third parties and lose its confidential nature, the risk that the e-mail account is hacked and such
other risks inherent in e-mail communications. The e-mail of the SOA to the Depositor is one-way and informational
in nature. Sending an e-mail message to the e-mail address used by the BANK in sending the SOA, or replying to e-
mail messages sent by the BANK therefrom will produce no useful results. Further, the BANK shall not be faulted in
cases when the SOA is not e-mailed to the Depositor due to circumstances beyond the BANK's control, including but
not limited to network congestion, transmission interference, internet/e-mail service provider downtime, etc. As such,
the Depositor agrees to hold the BANK free and harmless from liability for any damages that may arise as a result
thereof.
CHECKBOOK
Checkbooks shall be issued only to the accountholder personally, or to an authorized representative upon receipt by
the BANK of an accomplished and duly signed checkbook requisition slip. The Depositor shall exercise care in
requisitioning for additional checkbooks. To ensure continuous supply of the checkbooks, the requisition by the
Depositor must be made at least one (1) month in advance of the expected delivery. Checkbooks shall be issued to
the Depositor for a fee to be debited from the account of the Depositor upon checkbook order (via automatic
checkbook re-order facility, over-the-counter request or alternate channels). Charges are subject to increase without
prior notice to the client. Checkbooks requested through different alternate channels are deemed final. Checkbook
requests done through the use of other available facilities (ATM, Phone Banking, etc.) shall be processed
accordingly. It is understood, however, that requests made by accounts with insufficient balance to cover the cost of
checkbook shall not be processed. Ordered checkbooks must be claimed within 90 calendar days from the date of
requisition, otherwise, these checkbooks shall be destroyed. The Depositor shall safeguard all utilized checks with
utmost care to preclude any possible loss and/or pilferage. Checkbook loss should be reported to the BANK
immediately in writing. The BANK shall not be held liable for lost checks which are honored by the BANK before written notice
of loss is received. The Depositor shall be fully responsible for all checks issued under the Depositor’s account. Neither the
BANK nor its correspondent bank(s) shall examine the checks for any irregularity. The BANK also reserves the right not to
release the checkbooks ordered if account is deemed improperly handled. The BANK would not be liable for any bank
charges, such as but not limited to, Returned Checks and Other Cash Items (RCOCI) charges and Minimum Balance (MINB)
charges that shall arise as a result of the debit of the checkbook charges.
checks or other written orders by any one, any two, or all of the Depositor/s in accordance with the authority so given
by them in the AOSIF or SIF, all without the need of inquiry by the BANK as to the use or disposition of the funds so
withdrawn. The Depositors are jointly and severally liable for the payment of any obligation to the BANK in connection
with the operation of the account. In compliance with Section 97 of the National Internal Revenue Code, the BANK
shall freeze or hold any withdrawal from an account maintained by a Depositor, whether alone or jointly with another,
upon knowledge of said Depositor’s death, unless a certification from the Commissioner of the Bureau of Internal
Revenue that Estate taxes have been paid is shown. The release of the hold shall be subject to the submission of the
other requirements of the BANK for deceased Depositor accounts.
SIGNING INSTRUCTIONS
In accordance with the authority given by the Depositor/s in the AOSIF or SIF and USSC or the Secretary’s Certificate
of Partnership/Board Resolution, the BANK shall recognize the signature of any one, any two or all the authorized
signatories in the payment of funds or transaction of other business on the account, unless revoked in writing by the
Depositor. The authorized signatories may deposit and endorse for deposit in the account, checks, drafts, bills of
exchange and/or other instruments for the payment of money payable or purporting to belong to the firm. The BANK is
authorized to honor and pay to the debit of the account, checks or other written orders of the Depositor’s authorized
signatory/ies, without a need to inquire as to the use or disposition of the funds so withdrawn.
HOLD-OUT ARRANGEMENT
The deposit balance under hold-out may not be withdrawn while the hold-out / lien remains in full force.
REJECTED TRANSACTIONS
The BANK may, at any time and for whatever reason, reject any transaction without any liability.
OFFER AND ACCEPTANCE OF OTHER BANK PRODUCTS
The Depositor may avail of consumer loans or additional bank products (but not limited to auto loans, credit cards,
etc.) subject to the BANK’s terms and conditions. Acceptance by the Depositor of the credit card or the proceeds of
any loan released pursuant thereto shall be conclusive proof of the Depositor-Borrower’s Acknowledgement of his/her
additional indebtedness to the BANK under the Terms and Conditions set forth by the BANK prevailing at the time the
additional loan is approved.
DEPOSIT INSURANCE
Applicable deposit accounts are insured by the Philippine Deposit Insurance Corporation (PDIC) up to a maximum of
Five Hundred Thousand Pesos (P500,000.00) per Depositor. The rules of the PDIC related to deposit shall apply.
PDIC shall presume that the name/s appearing on the certificate of deposit is/are the actual/beneficial owners of the
deposit, except as provided therein. In case of transfer or break-up of deposits, PDIC shall recognize actual/beneficial
ownership or transferees who are qualified relatives of the transferor. Qualified relatives are transferees within the third
degree of consanguinity or affinity of the transferor. In case of (a) deposits in the name of, or transfer or break-up of
deposits in favor of entities, either singly or jointly with individuals, and (b) transfer or break-up of deposits in favor of
non-individual relatives whenever such transfer or break-up shall result in increased deposit insurance coverage, PDIC
shall recognize the beneficial ownership of the entity or transferee provided that the deposit account records show the
following:
i.) details, or information establishing the right and capacity or the relationship of the entity with the individuals;
ii.) details, or information establishing the validity or effectivity of the deposit transfer; or
iii.) copy of the Board Resolution, order of competent government body/agency, contract or similar document as
required/provided by applicable laws.
In the absence of any of the foregoing, PDIC shall deem the outstanding deposit as maintained for the benefit of the
transferor although in the name of the transferee, subject to the consolidation with the other deposits of the transferor.
PDIC may require additional documents from the Depositor to ascertain the details of the deposit/transfer or the right
and capacity of the transferee or his/her relationship to the transferor.
INQUIRIES OR COMPLAINTS
For inquiries and complaints, please call our 24-Hour Customer Service hotline at (632) 88-791-88 or e-mail us at
customercare@securitybank.com.ph. Security Bank Corporation is supervised by Bangko Sentral ng Pilipinas with
telephone number (632) 708-7087 and e-mail address at consumeraffairs@bsp.gov.ph
VARIATION OF TERMS AND CONDITIONS
The BANK reserves the right to change any or all of these terms and conditions. Any such alterations, amendments or
new rules shall be posted, in the bank premises/branches, for at least 15 business days, and such notice shall be
binding upon all the BANK’s Depositors as fully as though assented to by them.
EFFECTIVITY OF OTHER TERMS AND CONDITIONS
The terms and conditions of the Depositor’s other accounts shall remain in full force and shall be read and construed
to harmonize with these Terms and Conditions.
DISPUTES OR DISAGREEMENTS
In case of corporate disputes or disagreements among co-depositors pertaining to the account or the funds therein, for
the protection of its interest, the BANK shall have the right to freeze or place the account in an inoperative status until
the opposing parties agree upon a mutual resolution or until otherwise directed by a court of law or similar body/entity.
GOVERNING LAW
These terms and conditions are governed by the laws of the Republic of the Philippines.

STOP PAYMENT ORDER (SPO)

The SPO shall take effect on the next banking day from the date of the acceptance of the Depositor’s request for an
SPO. The Depositor shall not hold the BANK liable if payment is made or accrued before the SPO is effected. No
SPO or the renewal thereof shall bind the BANK unless: (i) made in writing; (ii) the check is described in all
particulars; and (iii) served upon any Authorized Officer of the BANK’s branch where the account is maintained. The
service of a request for stop payment, or its renewal, upon the branch of account shall not constitute notice, actual
or constructive, to any other branch. The SPO shall be effective for 180 days counted from receipt by the BANK of
the request, renewable for no longer than another period of 180 days counted from receipt by the BANK of the
request for renewal. By directing the BANK to stop payment on a check, the Depositor agrees to indemnify, and
hold the BANK harmless against, and from any and all losses, claims, damages or expenses which the Depositor or
any person shall suffer as a result of the non-payment of any check under the Depositor’s SPO. In case of joint “or”
accounts, the SPO shall be made only by the drawer of the check. On-Us Check/s payable to the BANK, i.e.,
Security Bank, SB, Security Bank Corporation, SBC, the BANK, Security Bank and Trust Company, SBTC or any of
its affiliates and subsidiaries, such as but not limited to, Security Bank Savings, SB Cards Corporation, SB Cards,
SB Capital Corporation, among others, shall not be accepted for SPO.

PASSBOOK OR RECORD BOOK

The Depositor shall be furnished with a Passbook or Recordbook where the BANK shall, upon presentation of the
Passbook or Recordbook, record all deposits/withdrawals made. No entries in the Passbook or Recordbook shall be
made except by the BANK. However, mere possession of the Passbook or Recordbook shall not be presumed or
deemed as acceptable proof of the balance of the account as deposits and withdrawals may be allowed at the
BANK's discretion, without presentation of the Passbook or Recordbook. The Passbook or Recordbook is neither
transferable nor assignable, and cannot be pledged or assigned as security in favor of any party other than the
BANK (for Passbook). Except for computer-generated entries, typewritten or manual entries, and any other
alteration, superimposition or erasure on the passbook shall render said entries void and invalid. In case of any
discrepancy or inconsistency between the entries in the Passbook or Recordbook and Bank Records, the latter shall
prevail and shall be the basis for allowing withdrawals and other transactions.

JOINT ACCOUNTS
In the payment of funds or transaction of other business on the account, during the lifetime of all the joint
accountholders, the BANK shall follow the authority given by the Depositors in the AOSIF or SIF thus, any one, any
two, any three, all, etc. Any of the Depositors may deposit and endorse for deposit in the account, checks, drafts,
bills of exchange and/or other instruments for the payment of money payable or purporting to belong to any one or
more of the Depositors. The BANK is authorized to honor and pay any debit from the account instruction, issued
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Revised as of September 8, 2017