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| A little mistake or an oversight when issuing checks can become troublesome, especially if your Checking Account is not funded on time. Luckily, this is a risk you no longer have to go through with the new Citi Check Protect. |
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| What is Citi Check Protect? |
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| Citi Check Protect is a check funding facility that protects your checks from the risk of being returned for having insufficient funds. |
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| Features of Citi Check Protect |
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- Protects you from insufficiently funded checks1.
- Automatically transfers funds from one of your other account/s (Current and Savings Account / Cash Secured Line)2. to your checking account to make sure that your check is properly funded.
- P1,000 fee3 for every check funded.
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| How to enroll? |
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- Visit any Citibank branch or Citibank Savings branch and talk to your Account Officer.
- Nominate a list of alternative source accounts where funds can be drawn from.
- Completely fill out the Citi Check Protect form.
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| Note: Joint accounts will require the signature of all accountholders before the account can be used as a funding source. |
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- 1Checks can only be funded if the balance of the account where the fund will be drawn from is greater than or equal to the check amount and Citi Check Protect Fee. A check cannot be funded by a combination of several accounts.
- 2Subject to Cash Secured Line 's (CSL) existing terms and conditions.
- 3When using Cash Secured Line (CSL) as a funding source, the Citi Check Protect Fee is waived. Instead, the CSL's fees , interests, and charges will be imposed.
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Member of the Philippine Deposit Insurance Corporation.
Maximum deposit insurance for each depositor is P500,000.
Subject to PDIC terms. Terms and conditions apply. |
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