PNB Spreads, leverage, minimum deposit Revealed

PNB Information

　　Philippine National Bank (PNB) is one of the oldest and biggest private commercial banks in Philippines, which opened in 1916. It is currently not regulated by any financial authorities, either in the US or abroad, but it does offer a full range of traditional and digital financial services to customers in the US and abroad through its large network of branches and ATMs.

Pros and Cons

Is PNB Legit?

　　PNB is not regulated by any Philippine financial institution, including the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). Furthermore, it is not overseen by any internationally recognized financial regulators, like the FCA (UK), ASIC (Australia), or CySEC (Cyprus).

Products and Services

　　PNB provides a wide range of traditional and innovative financial services, including retail banking, corporate banking, remittance, asset management, lending, insurance, and investment options. It has one of the largest domestic and foreign branch networks of any Philippine bank, serving both local and worldwide Filipino clients.

Account Types

PNB Fees

　　Compared to other banks, PNB charges moderate to high fees, notably for transactions between branches and with people from other countries. Within its network, some services, like checking your balance and using an ATM, are free. However, many others, notably those that involve branches in different regions, on other islands, or with different currencies, have different fees.

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