Q: What’s Netbank?
A: Netbank Rural Financial institution, Inc. is a totally licensed rural financial institution regulated by the Bangko Sentral ng Pilipinas (BSP), approved to supply common banking providers, together with managing the Atome Financial savings account underneath a white-label partnership.
Q: Is Atome Financial savings secure?
A: Sure, safety is a precedence. Atome Financial savings is protected by multi-factor authentication, and the steadiness of the deposit account is insured by the Philippine Deposit Insurance coverage Company (PDIC) as much as PHP 1,000,000 per depositor.
Q: What can I exploit Atome Financial savings for?
A: You possibly can handle all of your cash in a single place. This contains receiving and transferring funds, saving to earn curiosity, and conveniently repaying your Atome Card and Money Mortgage payments.
Q: Who can join Atome Financial savings?
A: Atome Financial savings is at the moment accessible to chose customers who’ve accomplished their account registration with Atome. Extra slots are anticipated to open quickly.
Q: How a lot is the minimal preliminary deposit and lock-in interval?
A: There’s no minimal preliminary deposit and no lock-in interval, offering full flexibility over your cash.
Q: What sort of account will I get upon registration?
A: You’ll obtain a Common Financial savings Account upon registration.
Q: How is the curiosity calculated on my Atome Financial savings account?
A: Curiosity is calculated each day based mostly in your end-of-day steadiness (between 12:00 AM and 1:00 AM) and is credited to your account daily. A 20% withholding tax is utilized individually.
- Every day curiosity = Finish-of-day steadiness × rate of interest × (1/365)
- For brand spanking new accounts, curiosity begins accruing 24 hours after your first deposit is made. No curiosity is earned on the day of activation.
- On the second day, curiosity credit score relies on the common end-of-day steadiness of the primary two days.
- From the third day onwards, curiosity is calculated each day based mostly in your end-of-day steadiness.
Q: When will I obtain the curiosity earnings?
A: Your curiosity earnings will probably be credited to your account each day, after the tip of the day.
Q: What are the deposit and fund switch charges?
A:
- Deposit charges: Free from different Netbank accounts. Over-the-counter deposit is PHP 18 per transaction (at the moment unavailable). For transfers from different banks/e-wallets, relevant charges are set by your supplier.
- Fund switch charges: Free to different Netbank accounts. PHP 10 per transaction for transfers to different financial institution accounts or e-wallets through InstaPay or PESONet.
Q: What are the charges to keep up my Atome Financial savings account?
A: There are not any charges for sustaining your Atome Financial savings account.
Q: Can I withdraw funds from my account through ATM?
A: In the meanwhile, ATM withdrawals will not be supported. Solely on-line fund transfers to different financial institution accounts or e-wallets through PESONet, InstaPay, or direct transfers to different Netbank accounts can be found.
Q: What’s the SWIFT Code and Financial institution Code for Atome Financial savings account?
A: Worldwide fund transfers through SWIFT will not be enabled for Atome Financial savings in the meanwhile.
