By identifying the parent account and the satellite account among your enrolled account numbers, you can program instructions to automate the transfer of funds between your accounts. PNB C@shNet will automatically do the transfer based on your instructions.
Sweep and Sweep Back
Sweep – By setting up a limit amount on your satellite accounts, any excess on your specified limit will be transferred to your parent account on a scheduled basis.
Sweep back - You can also set a specific amount to be transferred from your parent account to your satellite accounts.
Effective March 1, 2012, all Great Britain Pound (GBP) check transactions will be subject to a clearing charge of GBP 3.00 per check in addition to the existing service fees/charges while GBP 10.00 surcharge per check will be imposed on returned checks. Please be guided accordingly.
Checks with insufficient funds shall be dishonored and returned to the presenting bank not later than 7:30 AM of the next banking day starting January 3, 2011 pursuant to BSP Circular No. 681.