Deposit Charges: Banks to CitisecOnline ( COL) Effective January 15, 2016

So, I might open CHINABANK. Damn BPI! Look at all the charges you are implementing. I do pa naman BPI to COL, and vice versa transactions exclusively.

Dear Valued Customer, Please be advised that starting January 15, 2016, COL will no longer subsidize the fees being charged by the banks for the use of their deposit facilities when transferring funds to COL. As such, the amount that will be credited to your account will be net of the corresponding bank charges. Please refer to the table below for the rate that each partner bank implements per transaction: RATE PER TRANSACTION Deposit Channel BDO BPI MBT CHINABANK Internet Banking Php 10.00 Php5.00 Php4.00 Php10.00 Phone Banking Php10.00 Php20.00 - - ATM Php10.00 Php20.00 - - Over-the-counter Php20.00 Php110.00 Php25.00 - Express Link - Php5.00 - - Nevertheless, we shall continue to talk with our partner banks to try to negotiate for better rates and/or look for other cost efficient ways of making deposits to your COL account. We thank you for your understanding. Yours truly, Conrado F. Bate President & CEO COL Financial Group, Inc.