Dollar Trust Account

Diversify into dollar assets with a single account. BDO offers access to a wide array of dollar-denominated securities so you can create a well-diversified portfolio to achieve your investment goals. 

Dollar Trust Account
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Through the US Dollar Trust Account, you can maximize the earning potential of your dollar funds by investing in a wide array of securities such as sovereign and corporate bonds, preferred shares, global funds, and time deposits among others.

Through the US Dollar Trust Account, you can maximize the earning potential of your dollar funds by investing in a wide array of securities such as sovereign and corporate bonds, preferred shares, global funds, and time deposits among others.

Benefits to clients

Product Features

Currency

US Dollars ($)

Minimum Investment

$20,000.00

Minimum Additional

$20,000.00

Term of Investment/s

Based on term of the investment outlet/underlying security

Fee Rate

0.25% p.a. (based on grossinterest rate)

Eligibility

Filipino citizens and resident aliens of the Philippines

Interest Rate

Prevailing market rate of available investment outlet

Trading Period

12:00nn

Taxation

In accordance with the provisions of Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Act, effective 1 January 2018, interest income  from foreign currency-denominated time deposits are subject to a final tax rate of 15%of such interest income.

Allowable Investments

Dollar-denominated government securities, deposits and other fixed income instruments approved by the BSP and the BDO Trust Committee for investment management arrangements

Withdrawal of Principal

On a per Disclosure Statement basis, subject to prevailing market prices

Documentation Requirements

  1. Account Opening Kit
    • Customer Account Record – Trust
    • Investor Profile Questionnaire (IPQ)
    • Client Investment Suitability (CIS)
    • Risk Disclosure Statement (RDS)
    • Signature Card
  2. Dollar Investment Management Agreement
  3. Investment Instruction Letter
  4. Supplemental Agreement (if any)
  5. Standard account opening requirements and procedures
    • Photocopy of 2 valid IDs
    • 2 Sets of Signature cards
    • or foreign investors: Special Philippine Residency VISA/IDs

Disclosures

 
Trust, Investment Management, Agency and Fiduciary accounts are not deposit accounts but are products of trust entities. In agreeing to invest in said products, an investor is making an investment and not a deposit and such investment is therefore not insured nor governed by the Philippine Deposit Insurance Corporation (PDIC). BDO’s Trust, Investment Management, Agency and Fiduciary accounts are also not guaranteed nor insured by BDO Unibank, Inc., its affiliates or subsidiaries. Any income/loss in such investments are for the account of the investor. BDO-Trust is not liable for losses unless there is wilful default, bad faith or gross negligence on its part.

BDO Unibank, Inc. is regulated by the Bangko Sentral ng Pilipinas (https://www.bsp.gov.ph).

For assistance/concerns, you may email us directly trustcustomercare@bdo.com.ph. You may also reach us through any of the channels listed in the Consumer Assistance page of our website (https://www.bdo.com.ph/consumer-assistance).

The BDO, BDO Unibank and other BDO-related trademarks are owned by BDO Unibank, Inc.
 
 
Subject to the exemptions under BSP regulations, the PRINCIPAL shall be entitled to a period of two (2) banking days from the date of the signing of the Trust Agreement within which to terminate the same without penalty, if applicable, subject, however, to the PRINCIPAL’s payment of all costs and expenses arising from such termination and the consequent pre-termination, unwinding or sale of the underlying investment/s of the account. All losses arising from the termination shall likewise be for the account of the PRINCIPAL. If the PRINCIPAL wishes to exercise his/its rights under this provision, the PRINCIPAL should immediately call/send an email to/visit his/its assigned Trust Marketing Officer/Account Officer. 
 
 
Effective January 1, 2018, we have adopted the provisions of Philippine Financial Reporting Standards 9 (PFRS 9) on the classification and measurement, impairment, and accounting for hedges (as applicable) for managed funds and portfolios as required of all BSP-supervised financial institutions.
 

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Contact us

BDO Corporate Center

BDO Towers Valero

8741 Paseo De Roxas Makati City 1226 Philippines

BDO Corporate Center

BDO Contact Center:

Hotline: (+632) 8888-0000

Outside Metro Manila

(PLDT/Globelines): #8888-0000

(For landline only, press # followed by 8888-0000)

 

BDO Corporate Center

trustcustomercare@bdo.com.ph

This channel is dedicated to handling inquiries and concerns related to the following:
  • Unit Investment Trust Funds (UITFs)
  • Easy Investment Plan (EIP)
  • Personal Equity and Retirement Account (PERA)
  • Investment Management/Trust Accounts (IMA/TA)
  • Trust Invest Online 
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