BUSINESS ONLINE BANKING

ONLINE ENROLLMENT FORM

Enrollment Reference Number WEF-12272017-153131-00066845

Corporate Information

Corporation Name HULMA MANILA CUSTOM FABRICATION INC.

Business Type CORPORATION

Nature of Business CONSTRUCTION

Address WH 4&5, MMG 5, BRGY. SAN ANTONIO, SAN PEDRO, LAGUNA

Telephone Number 8003743

Fax Number 8003743

TIN 009230520000

SSS/GSIS 0395202487

Workflow Model Maker-Verifier-Authorizer

Workflow Profile Control Client-Bank Control

Account Information

Savings / Checkings Account

# Account Number Account Type Currency Account Name Preferred Nickname

HULMA MANILA CUSTOM FABRICATION

1 004738016124 CA PHP HULMA
INC.

Services
Page 1 of 6
Standard Services

Account Portfolio

Transaction History

Fund Transfer - Own

Regular

Checkbook Reorder

Stop Payment Order

Outward Payment

Regular

Cash Management Services

Disbursement

Payroll

Payroll - CASA

Payroll - CC

ePayment

Government

Government-SSS

Customs Payments

Corporate

Page 2 of 6
E-Payment Corporate

# Currency E-Pay Merchant Product Type Prefered Nickname

1 PHP GCASH GCASH

E-Payment - Government

Primary System Administrator

User Access

Role System Administrator Standard

User ID HULMAMANILA

User Password Expiry 60 Days

Personal Details

User Name Mr. MARVIN MABINI CELEDIO

Birthday 10/04/1989

Mother's Maiden Name LAZARA BACHICHA MABINI

TIN 273513420000

SSS/GSIS 0628964227

Email Address gve.financeandacctg.dept@gmail.com

Mobile Number (63) 9062210404

Service Workflow

Function Workflow Model

Fund Transfer - Own Maker-Authorizer

Page 3 of 6
Checkbook Reorder No Workflow

Stop Payment Order No Workflow

Outward Payment Maker-Authorizer

Payroll Maker-Verifier-Authorizer

Government-SSS Maker-Verifier-Authorizer

Customs Payments Maker-Verifier-Authorizer

Corporate Maker-Authorizer

User

Role Verifier

User Password Expiry 120 Days

User Name MARVIN MABINI CELEDIO

TIN 273513420000

Email Address gve.financeandacctg.dept@gmail.com

Landline Number 8003743

Mobile Number (63) 9062210404

Page 4 of 6
2

Role Maker

User Password Expiry 120 Days

User Name LEAH SUMAGANG GONZAGA

TIN 267340493000

Email Address gve.accounting@gmail.com

Landline Number 8003743

Mobile Number (63) 9178872685

Role Authorizer

User Password Expiry 120 Days

User Name LEOPOLDO SON TITULAR

TIN 119192179000

Email Address lstitular@yahoo.com

Landline Number 8003743

Mobile Number (63) 9178416504

DECLARATION
I/We hereby declare that I/we have the necessary power, authority and consent to name and designate the Users and the Accounts, to define the Authorization
Matrix, and provide all the information above. I/We hereby certify that all the information provided above are true and correct. I/We hereby authorize the User/s to
use and access the BDO Business Online Banking (BOB) facility and do BOB transactions on my/our behalf and the Company, with respect to the Accounts. I/We
have read and hereby agree to be bound by the terms and conditions governing BOB as stated in the succeeding pages of this Enrollment Form. Furthermore,
I/We declare that any and all communications and transactions done by the Users through the BOB are deemed official, valid and binding upon me/us and the
Company. In addition, I/We understand that BDO shall not be responsible for the
Page 5 of 6
BOB transactions done by the Users and I/we together with the Company, shall jointly and severally indemnify and render BDO free and harmless from and
against any and all claims, liabilities, causes of action, suits (including attorney?s fees and costs of suit) which may arise as a result of or in connection with the
use and availment of the BOB and the transactions done by the Users through the BOB, with respect to the Accounts. The enrollment of the Company, the Users
and the Accounts in the BOB shall remain valid and effective until and unless the same is cancelled in accordance with the provisions of the BOB Terms and
following BDO's prescribed enrollment cancellation procedures.

Mr. MARVIN MABINI CELEDIO / 12/27/2017

For BANK's USE ONLY

For Account Officer / Branch

Verified By

Signature over Printed Name/Date Destination Unit/Branch

For TBG-Business Support-Fulfillment Unit

Processed By Approved By

Signature over Printed Name/Date Signature over Printed Name/Date

Remarks

Page 6 of 6

BDO BUSINESS ONLINE BANKING
TERMS AND CONDITIONS
The following terms and conditions (“Terms & Conditions”) shall apply to the enrollment in,
use and availment by the COMPANY of the BDO Business Online Banking facility solely for
its lawful banking transactions. By enrolling in and using the BUSINESS ONLINE BANKING
facility, the COMPANY hereby agrees as follows:
1. Definitions. As used in this enrollment form and these Terms & Conditions, unless
otherwise specified:
1.1 “Account/s” refers to accounts opened and maintained with BDO and any of
its branches under the classifications provided below, in the nature of Peso
Savings Account, Peso Current Account, FCDU Savings Account, Time Deposit
Account, and such other types of accounts as may be allowed by BDO for
purposes of the BUSINESS ONLINE BANKING facility (e.g. BDO Cash Card)
Types of “Accounts” & Usage in BUSINESS ONLINE BANKING
• CA or Current Account – also known as Checking Account. Can be used as
Source Account or Destination Account
• SA or Savings Account -- Can be used as Source Account or Destination
Account
• BDO Cash Card Account – Can be used as Destination Account; Can be used
as Source Account for Fund Transfer-Own
• Time Deposit Account -- Cannot be used as Source Account or Destination
Account
• Loan Account – Cannot be used as Source Account or Destination Account
Account/s are classified as follows:
• Own Account/s – Account/s owned by and in the name of the COMPANY.
• Inter-Company Account/s – Account/s owned by and in the name of a
subsidiary, affiliate or parent company of the COMPANY. Enrollment of Inter-
Company Accounts shall be subject to submission of Board
Resolution/Secretary Certificate from the owner of company whose account is
being enrolled as Inter-Company Account/s
• Third Party Account/s – Account/s owned by and in the name of third
parties other than Inter-Company Account/s (e.g. BDO Cash Card account,
supplier’s/merchant’s account) with which the COMPANY has legitimate
business relationship. Can only be used as Destination Account
• Source Account - Own Account where debits will be done. Can be CA, SA or
Cash Card
• Destination Account – Own Account, Inter-Company Account and/or Third
Party Account where credits will be made
1.3 “Account Available/Cleared Balance” refers to the balance in the
Account that is the usable funds for any financial transaction.
1.4 “Account Current Balance” refers to the Actual Balance in the Account
which consists of both Un-cleared and Cleared fund in the Account. Un-
cleared Funds are those funds which are yet to be made available for use,
usually funds coming from deposited checks which are still subject for
clearing
1.5 “Authorization Matrix” refers to the signing class and signing limits of the
Users as indicated in the COMPANY’s notarized and certified Board
Resolution or equivalent document and in the BUSINESS ONLINE BANKING
Enrollment Form.
1.6 “Banking Day” refers to the officially considered business banking day of
the Bank. Saturdays, Sundays and Holidays is not considered as ‘banking
day’
1.7 “BDO CASA System” refers to the Bank’s core deposit system used by all
the Bank’s branches, and Bank’s other business and support units in
connection with banking transactions.
1.8 “BDO Cash Card System” refers to the Bank’s Pre-paid Card system used
by all the Bank’s branches, and Bank’s other business and support units in
connection with banking transactions
1.9 “BUSINESS ONLINE BANKING Enrollment Form” refers to this
enrollment form available in the BDO BUSINESS ONLINE BANKING Website,
which shall be accomplished by Client Primary System Administrator, and
the duly accomplished online enrollment shall be signed and submitted by
the COMPANY to BDO in accordance with these Terms & Conditions.
1.10 “BUSINESS ONLINE BANKING facility”/“BUSINESS ONLINE
BANKING”/ “BUSINESS ONLINE BANKING system” refers to the
internet portal designed to consolidate all cash management solutions &
other BDO Products for corporate clients of BDO in one platform. BUSINESS
ONLINE BANKING allows BDO’s corporate clients direct access to their
enrolled accounts real time and allow them the convenience to do financial
transactions on said accounts via the internet.
1.11 “ Company Authorized Users” refers to the person/s who are Company
Representative/s duly authorized by the COMPANY to accomplish and sign
the BUSINESS ONLINE BANKING Enrollment Form and other related
documents, agree to these Terms & Conditions, name and designate Users
and their respective Roles, and enroll Account/s in the BUSINESS ONLINE
BANKING.
1.12 “Corporate ID” refers to the pre-assigned ID given by BDO to the
COMPANY that uniquely identifies the latter. It consists of alphanumeric
characters, with first five (5) characters being numeric and succeeding
characters maybe alphanumeric
1.13 “Role” refers to the User’s responsibility with respect to creation, approval,
and disapproval of BUSINESS ONLINE BANKING transactions as designated
by the Company Representative/s. The designation and different Roles of
Users which is internal to the COMPANY are:
Viewer A User who can only view a transaction based on the
authorization provided by the company. This User cannot
create, verify, Approve or Release a transaction
Maker A User who can only create transactions in the BUSINESS
ONLINE BANKING facility and can only view transaction which
he/she has created. This User cannot view transaction which
he/she did not create. This User cannot Verify, Approve or
Release a transaction
Verifier A User who verifies and validates the transaction made by the
Maker based on the authorization provided by the company.
This User cannot Create, Approve, Release a transaction.
BDO Business Online Banking Terms and Conditions
Approver/ A User who only approves transactions based on the
Authorizer authorization provided by the Company. This User cannot
Create, Verify or Release a Transaction.
Releaser A User who initiate release of the transaction which has been
pre-authorized by the approver/s. This user cannot create,
Verify, Approve a transaction.
Primary A User authorized by the COMPANY to initially provide
System enrollment information & designate Users role for each of the
Administrator authorized User. For Company with Full-Client Control Matrix,
the Primary System Administrator should have a function of
System Administrator-Authorizer
System A User authorized by the COMPANY to encode enrollment
Administrator information & designate Users role for each of the authorized
- Encoder User. This User can only create maker, verifier, authorizer and
releaser Users. This User can only encode enrollment
information but cannot approve enrollment information
This User Role is only available to Company with Full-Client
Control Workflow Model. This User can only encode enrollment
information but cannot Approved enrollment information.
All information encoded by this User shall be approved by User
with a System Administrator-Authorizer role
System A User authorized by the COMPANY to approve enrollment
Administrator information & designate Users role encoded/created by the
- Authorizer User with System Administrator-Encoder Role. This User can
only approve maker, verifier, authorizer and releaser Users,
created by System Administrator-encoder
This User Role is only available to Company with Full-Client
Control Workflow Model. This User can only approve and
cannot encode enrollment information
System A User authorized by the COMPANY to create & approve Maker
Administrator & Verifier Users.
- Regular
This User, if given authorization by the Company can also enroll
and approve Bills Payment Merchant
This User, if given authorization by the Company, can create
User with Authorizer Role, but are subject to Bank Approval
based on submitted documents
1.14 “Primary Password” refers to a sequence of characters assigned by the
User/s during the initial access to BUSINESS ONLINE BANKING system as
part of the initial information required by BUSINESS ONLINE BANKING
System. This will be use in tandem with the ‘CorpID’, ‘User ID’ and
‘Secondary Password’ or 2-Factor Authentication Device, if applicable, in
order to access, use and/or transact on the Account/s via the BUSINESS
ONLINE BANKING. This is used by the BUSINESS ONLINE BANKING system
to authenticate the User requesting access to BUSINESS ONLINE BANKING.
It is a case sensitive characters. The system will provide for a ‘Password’
Meter that will measure the strength of complication of the users nominated
password
1.15 “Secondary Password” refers to a sequence of characters assigned by
the User/s during the initial access to BUSINESS ONLINE BANKING system
as part of the initial information required by BUSINESS ONLINE BANKING
System. This will be use in tandem with the ‘User ID’ and ‘Static Password’
or 2-Factor Authentication Device, in order to access, use and/or transact on
the Account/s via the BUSINESS ONLINE BANKING. This is used by the
BUSINESS ONLINE BANKING system to authenticate the User requesting
access to BUSINESS ONLINE BANKING. It is a 8-alpha/numeric or
combination, case sensitive characters. The characters of the ‘Secondary
Password’ shall be randomly masked every User login, and User will only
supply the characters required by the system
1.16 “Temporary User ID” refers to the system-generated user ID which is
generated by BUSINESS ONLINE BANKING System, specific and unique to
the user. This will only be generated once the User has been tagged as
approved in the BUSINESS ONLINE BANKING system. The ‘Temporary User
ID’ will be used by the User during his/her initial login to the BUSINESS
ONLINE BANKING System
1.17 “Temporary Password” refers to a sequence of characters initially
assigned by BDO to the User/s and which may subsequently be changed by
User/s, for use in tandem with the ‘Temporary User ID’, in order to initially
access the BUSINESS ONLINE BANKING System. This is used by the
BUSINESS ONLINE BANKING system to authenticate the User requesting
access to BUSINESS ONLINE BANKING.
1.18 “Two- Factor Authentication (2FA)” refers to the Authentication
BUSINESS ONLINE BANKING adapt to provide additional security to the
BUSINESS ONLINE BANKING System that make use of One-Time Password
(OTP)
1.19 “User ID” refers to the preferred User ID assigned by the User. The User
ID will be permanent User ID that will be used by the User as part of the
access credential in BUSINESS ONLINE BANKING. User ID is consist of 6-15
information field which can be alpha, numeric or a combination.
1.20 “User/s” refers to individual/s named in the BUSINESS ONLINE BANKING
Enrollment Form, authorized to access, use, and/or transact on the
Account/s via the BUSINESS ONLINE BANKING facility, for and on behalf of
the COMPANY in accordance with their respective Roles.
1.21 “User Group/s” refers to the group classifications of Users, where each
User belongs. User Groups are classified into, namely: Viewer, Maker,
Verifier, Authorizer and Releaser.
1.22 “User System Initialization” refers to the initial login of Company
Approved User in the BUSINESS ONLINE BANKING System for the system to
verify the User and for the User to assign preferred access information to
replace any system-generated and Bank assigned login information. This is
also the part where personal information from the User are gathered by the
System, which will be consequently used by the system for PID Verification,
when necessary in the following cases, but not limited to User’s (1) forgot
password (2) forgot User ID (3) change password, and etc.
1.23 “Work Flow Control” refers to the control the Company prefers to adopt
on its BUSINESS ONLINE BANKING access that will provide the Client
System Administrator the flexibility to Create Users and User Roles.
Page 1 of 4
 1.23.1 Full Client Control – enables the Client System Administrator
to create its users & user roles and assigned these users to
designated group without the need for Bank Approval
1.23.2 Client-Bank Control – enables the Client System
Administrator to create users with Maker & Verifier Roles; and
the Bank will be the one to create Authorizer and/or Releaser
Roles
1.24 “Work Flow Model” refers to the preferred Authorization model the client
would want the transaction in BUSINESS ONLINE BANKING to follow.
2. Enrollment in the BUSINESS ONLINE BANKING Facility
2.1 To enroll in BUSINESS ONLINE BANKING Facility, the Company shall assign a
Primary System Administrator, which will be tasked to accomplish the Online
Enrollment Form found in the Website of BDO Business Online Banking
Facility. The Primary System Administrator should be fully authorized by the
Company to act in behalf of the Company as stated in its Board Resolution or
similar documents.
2.2 To facilitate the approval of BUSINESS ONLINE BANKING Facility, the
COMPANY shall submit to BDO the following documents: (i) printed BUSINESS
ONLINE BANKING Enrollment Form duly accomplished and signed by
Authorized signatories of the Company; (i) a notarized and certified Board
Resolution or equivalent document of the COMPANY, authorizing the
availment of and the enrollment of the COMPANY and Account/s in, the
BUSINESS ONLINE BANKING facility, naming/designating the Company
Representative/s and their specific authorities with respect to the use of the
BUSINESS ONLINE BANKING, in such form and substance acceptable to BDO;
(ii) a notarized and certified Board Resolution or equivalent document of
Inter-Company Accountholder/s, authorizing the COMPANY and BDO to enroll
its/their Account/s as Inter-Company Account/s in the BUSINESS ONLINE
BANKING and do transactions thereon, together with a written consent for
BDO to disclose information pertaining to Inter-Company Account/s, in such
form and substance acceptable to BDO; and (iii) other documents as may be
required by BDO. In addition, the Account/s for enrollment must be existing
and active Account/s, free from contractual or legal restriction/s or
prohibition/s (e.g. hold-out, garnishment, execution). Enrollment of the
COMPANY and the Account/s in the BUSINESS ONLINE BANKING facility shall
be subject to these Terms & Conditions.
2.3 The COMPANY shall provide all the information required in the BUSINESS
ONLINE BANKING Enrollment Form, and hereby warrants that any and all
information given in connection with the BUSINESS ONLINE BANKING are
complete, truthful and valid information, and that the COMPANY and the
Company Representative/s have the requisite power, authority and consent to
provide such information. The COMPANY shall provide additional or other
information as may be required by BDO in connection with the BUSINESS
ONLINE BANKING.
2.4 Enrollment of the COMPANY in the BUSINESS ONLINE BANKING is subject to
prior compliance with all the requirements as set forth in Section 2.1 hereof,
and proper notification from BDO that Company has been given access to the
BUSINESS ONLINE BANKING System. Once the Company Enrollment has
been approved, the system will automatically send in separate emails the
Assigned Company ID and Temporary User ID to all approved users, through
their registered email address.
2.5 After notification of approval of BUSINESS ONLINE BANKING enrollment and
receipt of e-mail for the User’s access credentials as stated in item 2.4, the
Authorized User/s may now do their User System Initialization access in the
BUSINESS ONLINE BANKING System by using the following access
information: (1) Corporate ID (2) ‘Temporary User ID’ (3) The Temporary
Password, assigned by BDO. Once all these access information has been
successfully verified by the BUSINESS ONLINE BANKING System, the System
will prompt the User to supply additional required information, necessary to
identify the User.
2.6 The user shall be required by the BUSINESS ONLINE BANKING system to
supply information User during User System Initialization, including
• Preferred User ID
• Primary/Static Password
• Secondary Password
• Birth Date
• Mother’s Maiden Name
• SSS Number
The Bank reserve the right to add or delete information that may be asked
from the User as it deemed necessary to ensure control & security measure.
All Information provided by the User shall be kept confidential by the Bank,
unless otherwise required by Law or any Government Agency acting with
proper documentation that will require the Bank to disclose such information.
2.7 After the User has successfully provided all the information required during
the User System Initialization, the User may start using the BUSINESS
ONLINE BANKING facility. It is understood that the User shall have full
responsibility for keeping and maintaining the confidentiality of his access
credentials, and the User shall take all reasonable steps to prevent its
disclosure. The COMPANY and the User agree to jointly and severally
indemnify and free the BANK from any liability arising from the misuse or
unauthorized use of its access information.
3. Accessibility of BUSINESS ONLINE BANKING Facility
3.1 BDO Business Online Banking can be accessed through the the website
https://business.bdo.com.ph
3.2 The ‘Company’ BUSINESS ONLINE BANKING access shall remain with
‘Active’ Status for as long as any of its authorized users logs-in in the
BUSINESS ONLINE BANKING System at least once every six (6) months,
otherwise Company shall be considered with ‘Inactive’ Status. Company with
‘Inactive’ Status will automatically be ‘Active’ if any of the authorized users
logs-in in the system within the 6-month period of its inactivity. Company
with ‘Inactive’ status for more than six (6) months shall be considered with
‘For Deletion’ Status, therefore any of its authorized users will not be allowed
to access the BUSINESS ONLINE BANKING System. For Company with ‘For
Deletion” Status can request reactivation of BUSINESS ONLINE BANKING
Access by providing written notification signed by the registered authorized
signatories of the company. Company with ‘For Deletion’ Status for more
than six (6) months shall be deleted in the BUSINESS ONLINE BANKING
System and shall have status ‘Deleted”. Company with ‘Deleted’ Status and
would want to re-avail of BUSINESS ONLINE BANKING Facility shall enroll in
BUSINESS ONLINE BANKING as new Company as stated in provision 2.1 of
this terms and conditions.
BDO Business Online Banking Terms and Conditions
3.3 The Company ‘Authorized Users’ access shall remain with ‘Active’ Status for
as long he/she have logs-in once in six (6) months, otherwise such Authorized
Users shall be considered with ‘Inactive’ Status. Authorized Users with
‘Inactive’ Status will automatically be ‘Active’ if he/she logs-in in the system
within the 6-month period of its inactivity. Authorized Users with ‘Inactive’
status for more than six (6) months shall be considered with ‘For Deletion’
Status, therefore will not be allowed to access the BUSINESS ONLINE
BANKING System. Authorized Users with ‘For Deletion’ Status can request
reactivation of BUSINESS ONLINE BANKING Access by providing written
notification signed by the registered authorized signatories of the company.
Authorized User with ‘For Deletion’ Status for more than six (6) months shall
be deleted in the BUSINESS ONLINE BANKING System and shall have status
‘Deleted”. Authorized User with ‘Deleted’ Status and would want to re-avail of
BUSINESS ONLINE BANKING Facility shall be re-enrolled by the client system
administrator and access shall be approved accordingly based on the
Company Workflow Control and User Role
4. Dis-enrollment, Re-enrollment of Account/s; Enrollment of Additional of
Account/s; Other Changes in BUSINESS ONLINE BANKING Enrollment
4.1 The COMPANY may enroll additional Account/s and/or User/s, dis-enroll
Account/s and/or User/s, or re-enroll Accounts and/or User/s in the BUSINESS
ONLINE BANKING facility, or change any other enrolled information, by
submitting to BDO a duly accomplished and signed BUSINESS ONLINE
BANKING Enrollment Update Form. The form can be accessed online by the
Client System Administrator. However, in case the change relates to signing
class and/or signing limit of User/s, the COMPANY shall, in addition to the
BUSINESS ONLINE BANKING Enrollment Update Form, likewise submit a new
notarized and certified Board Resolution or equivalent document, specifying
the new signing class and/or signing limits. The BUSINESS ONLINE BANKING
Enrollment Update Form shall be signed by the Company Representative/s
named in the Board Resolution or equivalent document on file with BDO. Any
change in the Company Representative/s shall require submission of a new
notarized and certified Board Resolution or equivalent document, otherwise,
BDO will not accept the BUSINESS ONLINE BANKING Enrollment Update Form
signed by the new Company Representative/s. The BUSINESS ONLINE
BANKING Enrollment Update Form and related document/s submitted to BDO
shall be subject to verification and approval of BDO to be communicated to
the COMPANY within three (3) banking days from receipt of complete
documents. Any approved change will be implemented by BDO within the
same three (3) banking day period.
4.2 Once dis-enrolled from the BUSINESS ONLINE BANKING facility, the dis-
enrolled Account/s may no longer be used by the COMPANY for any present
or future dated transaction/s, notwithstanding approval or authorization given
by the User/s for said transaction/s and for the use of said Account/s.
5. Acquiring and Managing Access, Transacting via BUSINESS ONLINE
BANKING
5.1 Once User/s has been approved, an email notification will be sent by the
system containing the User’s ‘Temporary’ User ID and when use in
conjunction with the Corporate ID and the Temporary Password will Initialized
the User Access in the BUSINESS ONLINE BANKING System, and
subsequently, the Authorized User will be given access to the system.
5.2 User/s will be able to access Account/s and do transactions via the BUSINESS
ONLINE BANKING only with the use of a valid Corporate ID, User ID,
Passwords and other security devices that maybe provided by the Bank. The
use of the Corporate ID, User ID, Primary Password, Secondary Password and
2FA security devices, as applicable, will serve as BDO’s authorization to carry
out transactions initiated on the Accounts.
5.3 BDO shall have no obligation to verify the authenticity or veracity of any
instruction given by the User/s through the BUSINESS ONLINE BANKING
facility. BDO shall be entitled (but not bound) to give effect to any instruction
received, in the terms in which it was received. BDO’s record of any
instruction shall (unless there is a manifest error) be final and binding.
5.4 Each User shall belong to a User Group, and the User under this User Group
shall be able to access the same Account/s, be subject to the signing limits as
defined by the COMPANY in its notarized and certified Board Resolution or
equivalent document submitted to BDO. The COMPANY and the Company
representative/s jointly and severally render BDO free from any responsibility
or liability arising from the erroneous Role designation of User/s.
5.5 The COMPANY may use the BUSINESS ONLINE BANKING facility to approve
or disapprove transactions with respect to the Account/s. All transactions shall
follow the Authorization Matrix of the COMPANY. Only transactions initiated
by Users using the BUSINESS ONLINE BANKING facility can be approved or
disapproved. Access to the BUSINESS ONLINE BANKING facility shall be
limited to the User Group as designated in the BUSINESS ONLINE BANKING
Enrollment Form or BUSINESS ONLINE BANKING Enrollment Update Form, as
the case may be, submitted to BDO.
5.6 Any scheduled or future dated transaction once approved by the User shall be
implemented by the BUSINESS ONLINE BANKING system, unless the
transaction has been cancelled by the User prior to implementation by the
BUSINESS ONLINE BANKING system. Transaction/s previously approved by a
dis-enrolled User, who at the time of the approval of transaction/s was an
authorized User will still be implemented by the BUSINESS ONLINE BANKING
system.
5.7 BDO will implement transactions on the Account/s via BUSINESS ONLINE
BANKING, provided there are sufficient Available/Cleared funds in the
Account/s. The COMPANY shall be solely responsible for ensuring that
sufficient available/cleared funds are available in the Accounts at all times to
cover transactions, immediate or scheduled, and that the Account/s are
active. Any charges or penalties as a result of an unsuccessful transaction due
to insufficiency of funds or dormancy/sequestration and other legal
impediments of the Account will be for the account of and paid by the
COMPANY.
5.8 For Company with Bills Payment and/or e-Payment as one of the Services
availed, the Company agrees that if any of the Accredited Merchant/s has
terminated its Collection Arrangement with BDO and the Company has an
outstanding pending payment transactions to be made to the said Merchant,
the system will automatically cancel the said transactions, and such
transaction will no longer be processed by Bank.
5.9 BDO will implement cut-offs during the day for each transaction. If a
transaction is carried-out after the cut-off time, it will be stored and
processed the next banking day. Any charges or penalties as a result of a
next day transaction will be for the account of and paid by the COMPANY.
5.10 The Company understood that the nominated Client System Administrator has
the authority to enroll Bills payment Merchants and Subscriber/Reference
Number without the need for the Bank to approve it. BDO will not be
responsible for any fraudulent bills payment as a result of Client System
Administrator enrollment of Merchants and Subscriber Number.
Page 2 of 4
 5.11 For Company requesting for any change in its “Workflow Model” in BUSINESS
ONLINE BANKING, the client System Administrator should fill-out the online
BUSINESS ONLINE BANKING Enrollment Update Form, which shall be
printed and signed by the duly authorized representatives of the Company.
Any change in the Workflow will not be effected in the System if there are
any pending transactions which are yet to be verified, approved or released.
The Company Authorized User should initiate the cancellation of such
pending transactions before any change in the ‘Workflow Model’ can be
effected.
5.12 The COMPANY and the User/s shall be responsible for and must take all
reasonable care to ensure that the information they supply in the BUSINESS
ONLINE BANKING facility is valid and accurate. The BANK accepts no
responsibility and liability for the validity and accuracy of such information.
5.13 The COMPANY shall promptly notify BDO in case of any error in the
transaction/s carried out through the BUSINESS ONLINE BANKING facility
via electronic mail or other reasonable means of communication. BDO will
investigate the reported error and advise the COMPANY of the results of
investigation. BDO will, on a best efforts basis, and without any guarantee,
correct or reverse any reported error, without BDO incurring liability as a
consequence thereof.
5.14 BDO reserves the right to debit the Company Account immediately without
the need for prior notice for any Credits made to the accounts as a result of
System error. Furthermore, for Companies with Payroll arrangement, Auto-
Credit Arrangement and other similar products, BDO reserves the right to
debit immediately and/or collect any undue funds which were credited as a
result of system error. BDO may take legal action necessary in the event
that the Company or the recipient of the erroneous credits fails to return the
due funds, in order for the Bank to collect the rightful amount including
interest.
5.15 In the event that no user logins or no BUSINESS ONLINE BANKING
transaction is done for twelve (12) consecutive months from activation of the
BUSINESS ONLINE BANKING facility, the BUSINESS ONLINE BANKING system
will automatically de-activate the COMPANY’s access and its enrollment will be
tagged for deletion six (6) months thereafter. Thus, the COMPANY will have
another six (6) months from de-activation of access to re-activate its access
by submitting a written request to BDO, failure of which, the BUSINESS
ONLINE BANKING system shall automatically delete the enrollment of the
COMPANY from the BUSINESS ONLINE BANKING facility after the lapse of
said 6 month period. Access will be re-activated upon BDO’s notice of
approval of the re-activation request from the COMPANY.
5.16 All pending transactions and approved post-dated and recurring transactions
of Company whose access has been terminated shall automatically be
cancelled by the system and will no longer be processed by the system
5.17 Upon receipt by BDO and/or the COMPANY of any notice or order of
restriction, legal or contractual, including notices of garnishment or hold-out
on or with respect to any enrolled Account, the COMPANY shall promptly stop
or desist from carrying out any transaction that will defeat the purpose of the
restriction and shall not make or do transactions with respect to said Account
for as long as the Account restriction is effective or until it shall have been
lifted, removed or totally implemented
6. Security Requirements
6.1 BUSINESS ONLINE BANKING System shall provide for password meter to
indicate the degree of difficulty (Weak, Good, Strong, Very Strong) the
nominated password, based on the characters encoded by the User. It is the
user responsibility to which degree of difficulty would be acceptable. The
system will accept the User nominated password in whichever degree the
password in the password meter.
6.2 The COMPANY shall ensure and hereby warrants that the COMPANY and the
User/s know their Corporate ID/s, User ID/s, Password/s. It is understood
that the Password of each User shall expire every 3 months or such other
expiry period as may be imposed by BDO, and thus, the User shall designate
a new Password for access to the BUSINESS ONLINE BANKING facility. Each
User, upon logging on the BUSINESS ONLINE BANKING, shall be prompted to
change the Password fifteen (15) days before its expiry. Furthermore, when
nominating a new password, the User agrees that he/she cannot use his/her
five (5) previous/most recent nominated password,. The COMPANY
acknowledges and agrees that only the Users shall have the sole option and
authority to change their respective Passwords.
6.3 The COMPANY and the User/s shall be solely responsible for keeping the
Corporate ID, User ID, and Password strictly confidential. For security
reasons, the User/s must and the COMPANY shall ensure that User/s make it
a habit to change their Password/s regularly, especially if they suspect that its
confidentiality has been compromised. The Password designated by the User
must not relate to any readily accessible personal data such as name, birth
date, address, phone number, or identification card number and must not be
an obvious combination of letters and numbers, including sequential numbers
(e.g. 123456) or one which can easily be guessed by someone else. The
COMPANY and the User/s agree to jointly and severally indemnify and render
BDO free and harmless from and against any claim or liability which may arise
from the unauthorized use or misuse or breach of the confidentiality of the
Corporate ID, User ID and Passwords.
6.4 The COMPANY and User/s shall not use or permit the use of their Corporate
ID, User ID, Password in whole or in part for any purpose other than as
specifically intended to carry out legitimate and lawful banking transactions
and account inquiries via the BUSINESS ONLINE BANKING facility.
6.5 Any and all transactions done using the User ID and Password and other
security devices, of the User/s shall be deemed by BDO as official and
binding upon the COMPANY and as having been authorized by the latter.
6.6 All BUSINESS ONLINE BANKING transactions are automatically logged on the
BUSINESS ONLINE BANKING system for audit trail purposes and for the
enhancement of the security features of the BUSINESS ONLINE BANKING
facility.
7. Notification Services
7.1 The COMPANY/User/s shall be solely responsible for checking the status of
their BUSINESS ONLINE BANKING transactions by logging on the BUSINESS
ONLINE BANKING facility from time to time. The BUSINESS ONLINE BANKING
system will nevertheless automatically send notifications to the email
address/es provided by the COMPANY in the BUSINESS ONLINE BANKING
Enrollment Form submitted to BDO. The COMPANY and its User/s shall
provide correct and operational e-mail address/es in the BUSINESS ONLINE
BDO Business Online Banking Terms and Conditions
BANKING Enrollment Form and shall ensure and hereby warrant the
correctness of the information entered with regard to their designated e-mail
address. The COMPANY likewise agrees that it shall be responsible for
keeping the confidentiality of the information contained in the notifications
sent to its designated e-mail address and BDO shall not be liable for any
unauthorized disclosure or use of such information. The COMPANY shall
promptly notify BDO of any change in its given e-mail address/es, contact
number, business address or any other information which may affect
communication. Prior to receipt of such notice of change, BDO shall have the
right to rely upon and send/receive notification/s to/from the COMPANY’s e-
mail address/es, contact number/s and business address indicated in the
BUSINESS ONLINE BANKING Enrollment Form, without BDO incurring liability
as a consequence thereof.
7.2 BDO shall not be responsible for non-action of any of the authorized users on
the Company’s transactions because of non-receipt of email notification, nor
will BDO have any liability to any penalties or charges as a result of non-
action of the User to the Company’s transactions submitted for processing.
7.3 The COMPANY shall be responsible, at its expense, for providing the proper
equipment, subscription, membership, internet connection, and other
paraphernalia necessary and required to enable it to receive e-mail
notifications from BDO through the BUSINESS ONLINE BANKING facility. The
COMPANY’s ability to receive e-mail notifications depends on its compliance
with this undertaking and the BANK does not endorse nor guarantee any
third-party service or product for this purpose.
8. Representations and Warranties
The COMPANY represents and warrants to BDO that:
a. It is a company duly organized and validly existing under the laws of
its place of incorporation, with the power to execute this agreement
and to exercise its rights and perform its obligations hereunder;
b. The Company Representative/s and the User/s have the proper and
necessary authority to act for and on behalf of the COMPANY in
connection with the use and availment of the BUSINESS ONLINE
BANKING facility and carrying out transactions via the BUSINESS
ONLINE BANKING facility.
c. All corporate or other actions required to authorize the execution and
performance of its obligations hereunder have been duly taken;
d. All authorizations, licenses and consents from governmental authorities
in places where it has business presence, in respect of the execution
and performance of this agreement have been duly taken;
e. All authorizations and consents (including those of third parties) with
respect to the enrollment by the COMPANY of the Account/s in the
BUSINESS ONLINE BANKING facility, and allowing access, use of and
transactions on said Account/s, have been duly taken;
f. This agreement, when executed, will constitute its legal, valid and
binding obligation enforceable in accordance with the terms thereof;
and
g. During the effectivity of this agreement, it shall keep in full force and
effect all authorizations, licenses and consents from governmental
authorities, which is required by law in places where it has business
presence in respect of the execution and performance of this
agreement;
9. Fees and Charges
9.1 BDO may, from time to time, upon giving prior notice, impose fees and
charges for the COMPANY’s use of the BUSINESS ONLINE BANKING facility.
The COMPANY hereby authorizes BDO to debit Own Account/s or any other
account which the COMPANY maintains with BDO, for the amount of such
fees and charges. If at any time there are insufficient funds in the said
Account/s to cover fees and charges, BDO may refuse to carry out transaction
without BDO incurring any liability as a result of such refusal.
9.2 Any and all taxes arising from the use and availment of the BUSINESS
ONLINE BANKING facility, including payments made hereunder shall be for
the account of the COMPANY.
10. Termination / Suspension of Access and Use
10.1 The COMPANY may request BDO to terminate or suspend its access to
and use of the BUSINESS ONLINE BANKING facility in writing address to
Transaction Banking Group-Fulfillment Unit or to the BDO Account officer-
in-charge for the COMPANY or TBG-Sales Officer assigned to the
COMPANY. The COMPANY shall remain responsible for any transactions
made on the Account/s until the time of termination or suspension. BDO
shall not be liable for any or all remaining scheduled transactions that
were previously set up in the BUSINESS ONLINE BANKING.
10.2 BDO may terminate or suspend the COMPANY’s access to and use of the
BUSINESS ONLINE BANKING facility at any time, subject to at least thirty
(30) days prior notice of such termination.
BDO may terminate or suspend the COMPANY’s access to and use of
the BUSINESS ONLINE BANKING facility without prior notice if:
a. The COMPANY has breached these Terms & Conditions;
b. BDO learns of the COMPANY’s bankruptcy, insolvency,
liquidation, dissolution or other analogous circumstances, or
that the COMPANY committed an act of bankruptcy, insolvency,
liquidation, dissolution or other analogous acts, or that a
bankruptcy or insolvency or other analogous petition has been
filed against the COMPANY;
c. There are insufficient funds in the enrolled Account/s to cover
payments or payment instructions given;
d. If in BDO’s reasonable opinion, the COMPANY’s enrolled
Account/s is/are being mishandled as determined pursuant to
BDO’s existing policies and procedures, or if the enrolled
Account/s or the BUSINESS ONLINE BANKING facility is being
used for any unlawful or illegal activity or transaction; or
e. BDO considers that there exists other reasonable grounds to do
so (in which case all reasonable efforts will be made to advise
the COMPANY of the circumstances of termination or
suspension)
10.3 Any and all accrued but unpaid obligations of the COMPANY prior to
termination, and terms and conditions hereof which by express terms,
Page 3 of 4
 shall survive the termination of the COMPANY’s access and use of the
BUSINESS ONLINE BANKING facility.
11. Indemnification Clause
11.1 The COMPANY hereby agrees to indemnify and render BDO, its directors,
officers, employees and agents and assigns, free and harmless from and
against any claim, cause of action, suit, liability, loss or damage of
whatever nature which may arise as a result of or in connection with the
use and availment by the COMPANY/Users of the BUSINESS ONLINE
BANKING facility, and the implementation of BUSINESS ONLINE BANKING
transactions, and specifically, in the following instances:
a. Disruption, failure, error or delay relating to or in
connection with the BUSINESS ONLINE BANKING
facility, the implementation of transactions,
transmission and/or receipt of messages,
communications, materials, correspondences and/or
information via the BUSINESS ONLINE BANKING facility
which is due to circumstances beyond the control of
BDO, fortuitous events such as but not limited to
prolonged power outages, breakdown in computers and
communication facilities, computer-related errors,
problems related to computer hardware and/or
software (including bugs and viruses), typhoons, floods,
public disturbances and calamities and other similar or
related cases, and/or which are attributable to the
services provided by any service provider or information
service provider;
b. Fraudulent access or utilization of the BUSINESS
ONLINE BANKING facility and/or fraudulent or
unauthorized transactions in the BUSINESS ONLINE
BANKING facility, due to theft or unauthorized
disclosure of Corporate ID, User ID, Password, PIN, or
violation or non-compliance with other security
requirements as set forth in this Agreement, with or
without the COMPANY’s participation;
c. Inaccurate, incomplete or delayed information received
by the COMPANY due to disruption or failure of any
communication facilities used for BUSINESS ONLINE
BANKING facility;
d. Delay and/or failure to implement or carry out
transactions on the Account/s due to garnishment,
execution, hold-out and similar restrictions on the
Account/s; and/or
e. Unauthorized or fraudulent enrollment, use of, and
transactions on Account/s in the BUSINESS ONLINE
BANKING facility.
f. The COMPANY’s inability, delay and/or failure to comply
with the Terms & Conditions.
11.2 The above provisions shall survive the termination or suspension of the
BUSINESS ONLINE BANKING facility.
12. Liability Limitation
BDO’s entire liability in connection with the BUSINESS ONLINE BANKING facility shall
be limited to the amount of fees paid by the COMPANY for the use and availment of
the BUSINESS ONLINE BANKING facility or the amount of the reasonable actual and
direct loss or damage suffered by the COMPANY, whichever is the lesser. BDO shall
not be liable for any special, consequential or indirect damage suffered by the
COMPANY from the use or availment of the BUSINESS ONLINE BANKING facility.
This provision shall survive the termination or suspension of the BUSINESS ONLINE
BANKING facility.
The COMPANY acknowledges that the BUSINESS ONLINE BANKING Facility serves as
mere alternative channel to over-the-counter channel at the BDO branches where
the COMPANY can transact its day-to-day business with the Bank or other parties.
Thus, in the event that the BUSINESS ONLINE BANKING System in unavailable for
access, the COMPANY agrees to instead perform banking transactions using the
over-the-counter channel at BDO branches and BDO cannot be made liable for the
COMPANY’s failure to carry out its business transactions or comply with its business
obligations with the Bank or other third parties.
13. Force Majeure
BDO shall not be liable for any damage or delays caused by or arising out of force
majeure, namely, riots, war, (whether declared or not), lock-outs and strikes, coup
d’etat, embargo, confiscations, nationalizations, acts of the public enemy, or acts of
God, such as fire, flood, earthquake and the like.
14. Proprietary and Disclosure Rights
14.1 The COMPANY agrees that the BUSINESS ONLINE BANKING facility, its
website, the software used in connection therewith, any and all materials
and information (including, modifications, enhancements, updates) used in
or derived from the provision of the BUSINESS ONLINE BANKING facility,
associated marks, logos, business names, products and services
(“Proprietary Items”) are proprietary and confidential to BDO and/or its
licensor/s and are protected under intellectual property and other
applicable laws. The COMPANY shall not (and shall not allow third parties)
to copy, modify, create any derivative work from, reverse engineer,
reverse assemble or otherwise attempt to discover any source code, sell,
assign, sublicense, transfer any right or grant any security interest in the
Proprietary Items, nor disclose the same to any third party except those
which are of public knowledge without fault or negligence on the part of
the COMPANY and/or its representatives.
14.2 The COMPANY further agrees that BDO may disclose, preserve or maintain
any information, message, material, correspondence, data, communication
and/or notification provided by the COMPANY in connection with the use
of the BUSINESS ONLINE BANKING facility (i) if required to do so by law,
government rule or regulation or legal process, (ii) if BDO has a good faith
belief that such disclosure is necessary to comply with the law,
government rule or regulation or legal process; (iii) to enforce these
Terms & Conditions; (iv) to respond to claims that such information,
message, material, correspondence, data, communication, and/or
notification violates the rights of third parties; (v) to respond to
COMPANY’s request for customer service; and/or (vi) to protect BDO’s
rights and property, its customers and/or the general public.
15. Bank Secrecy Laws
The COMPANY hereby acknowledges that it is aware of, understands the effect of,
and agrees and undertakes to, and cause all the Users to observe bank secrecy laws,
BDO Business Online Banking Terms and Conditions
including but not limited to the provisions of Republic Act 1405, RA 6426 and Section
55 of the General Banking Law of 2000 (collectively, the “Bank Secrecy Laws”) in
connection with the use and availment of the BUSINESS ONLINE BANKING facility to
access and/or do transactions on Third Party Account/s and Inter-Company
Account/s. The COMPANY further agrees and undertakes that it will not, and
covenants that all the Users will not do anything which will cause BDO to violate any
provision of the Bank Secrecy Laws or otherwise be guilty of an offense thereunder.
The COMPANY agrees that it shall be solidarily liable with BDO should the disclosure
of information relative to Third Party Account/s and Inter-Company Account/s by the
COMPANY and/or by the User/s, and the enrollment and use of such Accounts in the
BUSINESS ONLINE BANKING result to a violation by BDO of the Bank Secrecy Laws.
16. Confidentiality Obligation
16.1 The COMPANY shall keep and cause the Users, Company Representatives
and/or other persons authorized by the COMPANY to have access to the
BUSINESS ONLINE BANKING facility, to keep and maintain the strict
confidentiality of any and all messages, materials, information,
communications, correspondences, data, notifications received, recorded,
transmitted, generated, stored, processed, retrieved and/or produced
electronically via the BUSINESS ONLINE BANKING facility.
16.2 The herein confidentiality obligation shall survive the termination or
suspension of the BUSINESS ONLINE BANKING facility.
17. Applicability of E-Commerce Act
The provisions of the Electronic Commerce Act of 2000 (R.A. 8792) and its
Implementing Rules and Regulations, including amendments and supplements
thereto (“E-Commerce Act”), shall apply to the BUSINESS ONLINE BANKING facility
and the use and availment of the BUSINESS ONLINE BANKING facility, in so far as
said provisions are consistent with these Terms & Conditions. In the event of
inconsistency between the provisions of the E-Commerce Act and these Terms &
Conditions, the latter shall prevail.
18. Miscellaneous Provisions
18.1 BDO may at any time, amend any of these terms and conditions as it may
deem necessary for the best interest of both parties, upon reasonable
notice to the COMPANY. The COMPANY agrees to be bound by such
amendments.
18.2 The COMPANY agrees to be bound by the terms and conditions of BDO
governing deposit accounts, which are made part of this Agreement by
way of reference, in so far as they are consistent herewith.
18.3 BDO’s failure to demand strict compliance with any of these terms and
conditions shall not be construed as a waiver thereof. Any waiver to be
effective shall be made in writing and signed by BDO.
18.4 The COMPANY shall ensure and hereby warrants that the COMPANY and
User/s have clearly understood these terms and conditions and the
procedures governing the use and availment of the BUSINESS ONLINE
BANKING facility, and that the COMPANY is fully aware and hereby
assumes the potential risks arising from the use of the BUSINESS ONLINE
BANKING facility.
18.5 These terms and conditions and the interpretation and implementation
hereof shall be governed by Philippine laws and shall be subject to the
applicable rules and regulations of the Bangko Sentral Ng Pilipinas,
government telecommunications and other regulatory authorities, and the
business rules, policies, procedures of BDO governing BUSINESS ONLINE
BANKING. All suits arising out of these terms and conditions shall be
exclusively lodged in the proper courts of the place where BDO’s principal
office is located.
18.6 The COMPANY shall not assign any of its rights and obligations under
these terms and conditions without the prior written consent of BDO.
18.7 Should any of these terms and conditions be declared by competent
authority as invalid, all other terms and conditions not affected by said
invalidity shall remain effective and binding upon the parties.
18.8 In the event of any unsettled question or controversy arising from the
interpretation or implementation of these terms and conditions and/or the
use or availment by the COMPANY of the BUSINESS ONLINE BANKING
facility, the parties hereby undertake to exert maximum efforts to resolve
such dispute or controversy amicably within a period of THIRTY (30) days
from the date the question or controversy arose. During such period, the
parties are prohibited from filing any case or complaint in a court of law or
administrative and quasi-judicial body. Only when the aforementioned 30-
day period shall have already elapsed without the parties reaching an
amicable settlement may the aggrieved party file the necessary action in
the appropriate Philippine court of law, administrative or quasi-judicial
body.
18.9 Each of the parties agrees to execute and deliver all such further
instruments, and to do and perform all such further acts and things as
shall be necessary or convenient to carry out these terms and conditions.
19. BUSINESS ONLINE BANKING Functionalities
The COMPANY hereby agrees to avail itself and shall cause its Users to avail themselves
and make use of the functionalities of the BUSINESS ONLINE BANKING facility as set forth
in the List of Functionalities below, and further agree to be bound by the terms governing
each BUSINESS ONLINE BANKING Service Module. BDO reserves the right to supplement
or amend the BUSINESS ONLINE BANKING functionalities from time to time, and the
COMPANY shall be notified thereof accordingly. Availment and use of the BUSINESS
ONLINE BANKING functionalities is subject to these Terms & Conditions.
Provision under each Service Modules listed below shall only be applicable to the
“Company” if it has availed of such services, otherwise such provision should not be
applicable to the “Company”.
Page 4 of 4
Business Online Banking Modules

Account Portfolio

ACCOUNT PORTFOLIO VIEWING

The BUSINESS ONLINE BANKING facility will allow the COMPANY, through the User/s, to inquire, as of the date and time of inquiry, the “current” or “for clearing
balances” and “available” balance for each enrolled “Own” or “Inter Company” Accounts -- Peso savings/current Account(s), FCDU savings Account(s), as well as
outstanding balances thereof or such other information that the BUSINESS ONLINE BANKING facility may provide regarding other enrolled Accounts, such as Time
Deposits and Loans. The COMPANY will be able to view all enrolled classified as Own Account/s as well as Inter-company Account/s as specified in the BUSINESS
ONLINE BANKING Enrollment Application Form or BUSINESS ONLINE BANKING Enrollment Update Form, as the case may be, submitted to the BANK. Access to this
function shall be limited to the User Group as likewise indicated in the BUSINESS ONLINE BANKING Enrollment Application Form or BUSINESS ONLINE BANKING
Enrollment Update Form, as the case may be, submitted to the BANK.

The COMPANY, through the User/s, may use the BUSINESS ONLINE BANKING facility to make inquiries into transactions involving enrolled Account(s) which the
COMPANY may view on-line. Access to this function shall be limited to the User Group as indicated in the BUSINESS ONLINE BANKING Enrollment Application Form or
BUSINESS ONLINE BANKING Enrollment Update Form, as the case may be, submitted to the BANK.

The COMPANY understands and agrees that account balances and transaction inquiry is not available for enrolled Accounts classified as Third Party Accounts.

The COMPANY hereby agrees that Account balances viewing/inquiry thru the BUSINESS ONLINE BANKING facility is an alternative channel to the BDO CASA System
available in BDO Branches for knowing the “current” or “for clearing balances” and available, in the Account. In the event that there is/are discrepancy/ies between the
Account balances viewed thru and displayed by the BUSINESS ONLINE BANKING facility and that of the Account balances shown by the BDO CASA System, the
Account balance records in the BDO CASA System shall prevail.

Checkbook Reorder

The COMPANY may place checkbook reorder via the BUSINESS ONLINE BANKING. The COMPANY agrees and understands that only enrolled “Own” or “Inter-
Company” regular checks can be reordered on-line. Reorder of customized Checks, i.e. with corporate logo or special background, shall not be allowed on-line. Fees for
the checkbooks requested would be automatically debited from the same checking account.

Debiting of the checkbooks fees will be done real time and only against the available/cleared balance of the checking Account. The COMPANY agrees to at all times
maintain cleared/available and sufficient balances in the checking Account to fully discharge the relevant fees and charges, without prejudice to the BANK’s right to collect
undebited fees and charges together with stipulated penalties and interests including the right to set-off the amount/s due against other accounts or funds of the
COMPANY with the BANK, in case there is no cleared/available balance or insufficiency of cleared/available balance in the checking Account.

Fund Transfer

The Company may avail of 2 types of fund Transfer Module –

(1)Fund Transfer Own-to-Own Account – enable the company to transfer funds from one Company enrolled own account to another company enrolled own account
(2)Fund Transfer Own-to-3rd Party Account - enable the company to transfer funds from one Company enrolled own account to a 3rd Party Account enrolled by the
Company
 The COMPANY, through the User/s, may transfer funds immediately, on schedule or on a recurring future date specified by the User/s.
The COMPANY can make Fund Transfer transactions up to the available/cleared balance of the Source Account. The COMPANY shall at all times maintain the BDO
required maintaining balance in the Source Account when doing fund transfer transaction, otherwise, BDO prescribed penalties for falling below the required ADB shall
apply, and may be deducted from the COMPANY’s Own Account or other accounts with BDO in accordance with Section 9 of this Agreement.
Current-dated fund transfer shall be subject to the availability of cleared balance in the Account on that date, while scheduled or future-dated fund transfers shall be subject
to the availability of cleared balance in the Account at the specified future date on which the transfer is to be actually made
The COMPANY may cancel its scheduled or future-dated fund transfer request(s) only by using the BUSINESS ONLINE BANKING’s Fund Transfer functionality.
The COMPANY may transfer funds from its enrolled CA/SA, (Source Account) to another CA/SA, either Own Account, Inter-Company Account or enrolled Third Party
Account/Cash Card. The COMPANY may also transfer funds from their enrolled FCDU savings account(s) to another FCDU savings account of the same currency only.
The COMPANY understands and agrees that enrolled Accounts classified as Third Party Accounts can only serve as “Destination Accounts” or recipient Accounts and not
as “Source Accounts”.
All fund transfers are done real time. However, credits arising from fund transfers done after the system cut-off of 11:59:59 PM will be considered the next banking day's
transaction. Funds transfer after the Bank’s check clearing process has started cannot be used to fund an incoming clearing check for that day.

Stop Payment Order

The COMPANY may make a stop payment order (SPO) of its check/s via BUSINESS ONLINE BANKING. The COMPANY agrees and understands that real-time request
of SPO for checks will only be between 7:30am to 5:30pm daily and will be implemented by the BUSINESS ONLINE BANKING system for as long as the said checks have
not yet been negotiated/sent for clearing. The COMPANY shall specifically provide the check number for SPO. The BANK shall not be liable for any loss directly or
indirectly resulting from the request for SPO and the implementation of said request. Furthermore, the COMPANY agrees that the fees for SPO shall be automatically
debited from its Account against which the relevant check was drawn or issued.

Debiting of the SPO fees will be done real time and only against available/cleared balance of the Account.

Transaction History