Is there any monthly maintenance fee that we need to pay?
The Philippine Depository & Trust Corporation charges BPI Securities a Depository Maintenance Fee of 0.000027777% for daily dollar market value of your holdings which is subject to 12% Value Added Tax (VAT). For clients with submitted Auto Payout Form, this will be deducted from the quarterly cash dividends. While for clients who are not entitled to receive dividends for the next payout, it will be deducted from the sell proceeds.