PNB TAP Debit Mastercard is an innovative, secure and convenient method of purchasing items by simply tapping the ATM card at any PayPass enabled machine. Now, you can speed past cashier lines without the hassle of counting coins and bills, entering PINs or signing sales slips.
You can still use your card to withdraw cash, check your balance and purchase goods and services wherever MasterCard and Maestro are accepted all over the globe, or with all your local transactions nationwide, 24/7.
Product Features:
- Interest-earning account*
- PIN-based ATM Card
- Online copy of Statement (via Internet Banking)
- International ATM Card
- No initial deposit
- No maintaining balance
- Accepted at any BancNet, MegaLink, or ExpressNet ATM in the Philippines
- Can be used to:
- Purchase goods and services by tapping** or swiping your card
- (Even if tapped more than once, client will only get billed once for the purchase)
- Check your balance
- Withdraw cash at ATMs
- Make cash deposits (at selected PNB ATMs)
- Transfer funds
- Pay bills online
- Pay bills thru local ATM networks
- Purchase goods and services thru BancNet accredited merchants nationwide
*ADB must be Php 10,000.00 to earn interest
** TAP feature can be used on MasterCard PayPass-enabled POS machines for purchases amounting to Php 500.00 and below
PNB TAP Debit Mastercard could be used at:
- Local Transactions:
- Local ATMs (BancNet, MegaLink, and ExpressNet)
- BancNet merchants nationwide
- BancNet online transactions
- PNB’s Internet, Phone and Mobile Banking
- Local MasterCard and Maestro Merchants
- Local PayPass Merchants
- International transactions:
- International ATM Networks ( MasterCard and Maestro )
- International MasterCard and Maestro Merchants
- International PayPass Merchants ( MasterCard )
- Stores/Boutiques which have a PayPass (PNB Tap Debit Mastercard) enabled machines***
- Starbucks
- Bon Chon
- El Pollo Loco
- Brothers Burger
- Pepper Lunch
- Sbarro
- Cupcakes
***Selected branches/outlets
Transaction Limits:
- Php 10,000.00 maximum withdrawal limit per transaction
- Php 50,000.00 maximum withdrawal limit per day
- No transaction limit in POS usage
Requirements for Account Opening:
- 2 photo-bearing government issued IDs (e.g., driver’s license, SSS/ GSIS ID, voter’s ID, PRC license, passport)
- 2 ID pictures (1×1 or 2×2)
- Accomplished Client Information Form, Account Information Form, Signature Card and Conditions Form
Required Initial Deposit: None
TAP MasterCard Fees and Charges
| Balance Requirement | |
|---|---|
| Initial Deposit | None |
| Minimum Maintaining Balance | None |
| Minimum ADB to Earn Interest | Php 10,000.00 |
| Interest Rate Effectivity Date: February 1, 2015 |
0.100% p.a. |
| TAP Account Fee | Php 180.00 per year or Php 15.00 per month |
| **Dormancy Fee | Php 30.00 |
| TAP MasterCard Expiry Date | 5 years |
| Record of Transactions | Electronic SOA (by request) |
| Local Transaction Charges | |
|---|---|
| Withdrawal on PNB ATM | None |
| Inquiry on PNB ATM | None |
| Withdrawal on Other Bank’s ATM | Php 11.00 |
| Inquiry on Other Bank’s ATM | Php 2.00 |
| International Transaction Charges* | |
|---|---|
| Withdrawal | Php 150.00 |
| Inquiry | Php 75.00 |
| MasterCard POS | None |
* All transactions made in foreign currencies will be automatically converted to Philippine Peso on the transaction dates at the prevailing exchange rate applied by MasterCard. A fee of up to three percent (3%) will be imposed by the Bank on the converted amount which represents our service fee and other charges related to the transaction.
| Other Charges | |
|---|---|
| OTC (over-the-counter) withdrawal | Php 300.00 |
| Card Replacement | Php 250.00 |
| Closure within 30 days upon opening | Php 500.00 |
| Requests for issuance of certification of deposit account balances. | Php 100.00 |
| Interbranch/interoffice deposit transactions Except transactions made between and among the following branches –
|
Free Php 100.00 |
| Interbranch/interoffice withdrawal transactions Except transactions made between and among the following branches –
|
Free Php 200.00 |
** Dormancy fees on a dormant deposit accounts shall be collected when:
– 5 years after the last activity and
– If the balance falls below the required minimum maintaining balance.