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End Client Pricing
Netbank implements the following pricing in collaboration with its partners.
Account opening
Set-up fee, including corporate due diligence and company search: PhP25,000 (~$500) per company. Set-up of specialized account structure based on web-hooks, including set-up of specialized reports: PhP12,500 (~$250).
Account maintenance
Monthly change for maintaining relationship: PhP 12,500 (~$250) per company with account. Includes unlimited sub-accounts to simplify reconciliation.
Collection fees, from resident accounts
Higher of PhP 25 (~$0.50) or 1% of transaction amount, with a cap of PhP50,000 (~$1,000) / transaction. Negotiated rates for clients with disbursement of more than PhP10m (~$200,000) / month.
Review of new trade transaction documentation: PhP 1,000 ($200)
Review of new eCom transaction documentation: PhP 2,500 ($500)
Collection of funds from overseas accounts: no change.
Disbursement fees, via PesoNet or Instapay
Higher of PhP 25 (~$0.50) or 0.2% of transaction amount, with a cap of PhP25,000 (~$500) / transaction
Negotiated rates for clients with the disbursement of more than PhP10m (~$200,000) / Month.
Bill payment
PhP150 (~$3) per bill entered into the system and presented for authorization.
International Transfer fees