Business Services

Acquiring– We provide processing facilities for credit and debit cards payments on behalf of merchants.

ATM – Maxbank, a member of BancNet interbank network, aims to provide customers with access to over 2900 ATMs nationwide, enabling customers to perform financial transactions 24 by 7. Visa ATM transactions are also enabled in Maxbank ATM and international cardholders may cash out at Maxbank ATM using their international Visa cards.

Gateway of local and international Visa – Maxbank is an acquirer and a gateway to mPOS (Mobile Point-of-Sale), namely, Globe Charge of G-Xchange Inc. It is a wholly-owned subsidiary of Globe Telecom that operates the telco’s flagship mobile commerce product GCash to enable Globe Charge to accept Visa transactions. Maxbank is also a Visa Gateway for International Visa ATM transactions acquired by Bancnet’s  non-Visa members.

Microfinance – We provide customize Microfinance facilities to individual entrepreneurs and small businesses, intending to provide additional capital, purchase of inventory, supply of goods, business expansion or to start another new business. We also offer business savings services to our valued clients with very competitive interest rates.

SME – We provide day-to-day banking, finance and loans, Business Saving Services, Business Credit Cards, Foreign Exchange or Investing.  We also tailored business packages to meet your everyday business transaction needs. We provide day-to-day banking, finance and loans services, catering to your needs for working capital, permanent capital, business expansion and other business related expenses and business saving services. We also tailored business packages to meet your everyday business transaction.

POS – We offer processing and clearance facilities for merchants.

Local and International Remittance – Remittance services are available at Sabang branch. Customers may receive money from their foreign or domestic banks to Maxbank and send money to any local banks in the Philippines.

Savings Deposits – The Maxbank Savings Account with Passbook, a Peso-denomination deposit account that brings you the convenience of the traditional passbook for easy tracking of transactions and a fixed interest rate to help you grow your funds.

Safety Deposit Box – Safety Deposit Box (SDB**) facility is offered to valued clients of the Bank who need to safeguard documents and valuables, under personal lock and key, within the vault found inside the premises of the Bank.
** SDB Client must maintain Deposit Account which require an Average Daily Balance of Php10,000.00

Sizes Prices
3x5x24 1,000.00
5x5x24 1,200.00
5x10x24 2,000.00
10x10x24 3,000.00
Deposit on SDB Key 1,000.00

 

Maxbank Payroll Facility – The Maxbank Payroll Credit System (MPCS) is the payroll facility that Maxbank offers to its clients to process their payroll needs. Client will nominate a Payroll Funding Account wherein funding of the payroll disbursement will be debited and will be subsequently credited to the employee’s payroll account. Corporation operating within the covered area of Sabang such as but not limited to Hotels, Lodging, Restaurant, Bars, Dive Shops, Grocery, Novelty Shops, Boat/Shipping Lines, etc.

Maxbank Payroll Facility Eligibility and Requirements:
The Company has to submit the following requirements:

  1. Payroll Funding Account
  2. Board Resolution or Secretary’s Certificate (Notarized)
  3. Signed Payroll Agreement
  4. Documents/Template will be provided by Maxbank:
    • MaxBank Payroll Agreement
    • Board Resolution or Secretary’s Certificate
    • Payroll Waiver
    • Authority to Debit and Credit
    • Payroll List/Summary
    • Endorsement Letter

Time Deposits – The Maxbank Time Deposit Account is a certificate-based term placement that lets your hard-earned money earn higher interest for a specified period of time. It gives higher interest rate than a saving account.

Time Deposits Eligibility and Requirements:

  • At least 2 Valid ID’s
  • 2 pcs. 1×1 pictures

Time Deposit Rate Sheet

Deposit Amount Time Deposit Rates**
1 Month 2 Months 3 Months 6 Months 12 Months 24 Months 36 Months
50,000 – 100,000 2.00% 2.125% 2.25% 2.375% 2.50% 2.75% 3.00%
100,001 – 200,000 2.25% 2.50% 2.75% 3.00% 3.25% 3.50% 3.75%
200,001 – 500,000 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00%
500,001 – 1,000,000 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25%
1,000,001 – 5,000,000 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
5,000,001 – And Above 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 5.00%
**Rates per annum
**All deposit are insured by the Philippine Deposit Insurance Corporation up tp Php500,000.00

Gateway Services

MAXBANK recognized that ATM and POS acquiring are no longer exclusive to financial institutions. More non-bank companies today such as the card networks, Telcos, technology processors, large chain merchants, and even credit/loan associations are putting up their own card acquiring hosts and deploying their own ATM and POS devices to provide similar access and payment convenience to common customers and cardholders. But to enable such acceptance of various cards on these ATMs and POS devices, these non-bank acquirers must become a Third Party Agent (TPA) for Banks who has established the membership and the connectivity infrastructure to major domestic and international schemes.

MAXBANK see this as a great opportunity being a principal member of BancNet and Visa International, and having established its own ATM and POS Switch infrastructure using advanced technology solutions. Thus in 2012, the Bank has put in place a direct link with 99.9% systems availability and sufficient network capacity to the BancNet’s Switch host system. MAXBANK also invested in setting up the required infrastructure to directly connect to VISANET and become one of the few Philippine Banks to establish a Visa Access Point for card acquiring setup. The Bank has designed its technology capability including its IT support structure for a “Gateway” service facility. This Gateway can connect to the system host of potential non-bank partners and large chain TPAs for card routing of transactions to all MegaLink and BancNet issuing Banks and to the various international Visa/Plus card Issuers.

The Bank also established the right structure and processes to support the back-end processing for this Gateway facility such as the daily settlement, reconciliation, charge-back and fraud handling. The Bank is also undergoing certification process for Payment Card Industry – Data Security Standard (PCI-DSS) to ensure that the system facility is highly secure and compliant to international standards. MAXBANK realized its goal by becoming the Visa Gateway of Bancnet Network for the acceptance of international VISA and PLUS transactions from ATMs. ENCASH, who is the leading non-bank ATM deployer in the Philippines, was the first participating acquirer via MegaLink in November 2013. This was followed by United Coconut Planters Bank in August 2014 and Country Builders Bank in October 2014.

Early in 2014, G- XChange Inc. (GXI) became a partner and TPA of MAXBANK on the acceptance of Visa credit card payments on GXI’s mobile POS product called “Globe Charge”. GXI is a wholly-owned, mobile commerce subsidiary of Globe Telecom, Inc.

MAXBANK also signed up Public Safety Savings and Loan Association (PSSLAI) as its partner and TPA for PIN debit POS acquiring in August 2014. PSSLAI accepts card payment from its members using POS. Additional partnerships of the Bank with large chain Merchants and Institutions are expected to happen in the first half of 2015. MAXBANK continue work on achieving its vision to be an advanced leading Thrift Bank in the Philippines not just on electronic payments but also in serving the needs of Small and Micro Businesses and Individuals leveraging on cutting-edge technology and human creativity to bring value to stakeholders.

Other Services

Other Services:

  • Inward Remittance: MAXBANK clients may avail of this service, wherein they can send money from their foreign or domestic bank to Microfinance Maximum Savings Bank, Inc.

The following instruction shall be given to their sending bank:

Name of the Bank: Bank of the Philippine Islands
Branch/Address: BPI Ayala Ave. Extension Branch
Bank SWIFT Code: BOPIPHMM
Beneficialry Account Name: Microfinance Maximum Savings Bank
Beneficialry Account Number: 2581-0088-83
Special Instructions: For further credit to:
(Your Maxbank Account Name and Number)

 

Outward Remittance: Clients may send money using their MAXBANK Account.

You have to provide the following information to our Head Office branch:

  • Beneficiary Account Name
  • Beneficiary Account No.
  • Beneficiary Bank
  • Beneficiary Branch and Address
  • Beneficiary SWIFT Code
Remittance Charges at Maxbank:
Principal Charges
From Up to
0.01 50,000.00 200.00
50,000.01 200,000.00 500.00
200,000.00 And Above ¼ of 1%

 

ORMECO Payment: Clients may send money using their MAXBANK Account.

Ormeco stand for Oriental Mindoro Electric Cooperative Inc., this payment is an added facility offered by the Bank to the public where they can pay their Electric Bill also known as ORMECO Payment.
ORMECO Auto-debit Facility- A special arrangement offered by the bank to its clients that even they were away from home the bank will take care the payment of their electric bill

Eligibility and requirements

  • Letter for Auto Debit instruction indicating the Account Name- Account where to debit the payment Account number- Account number of debit account Clients ORMECO reference no – details of the bill Signature of the client
  • Copy of electric bill that clearly shows the complete details of the bill account
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