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How will you know if an updated bill deposit will be collected or refunded? We will inform the customer about the collection of additional required deposit or refund of excess deposit through the AUBD letter.
Sufficiency of the bill deposit is determined by comparing a customer's existing bill deposit, including accumulated interest, with the average monthly bills for the past twelve (12) months. If the bill deposit is greater than the average bill by more than 10%, the excess bill deposit will be refunded to the customer through his bill/s
In connection with my Electric Service Contract with Meralco under the above stated Service Identification Number, I hereby apply for the refund of my Bill Deposit. I agree that the refund is inclusive of the Bill Deposit Principal and the Interests* accruing thereto, net of my pending outstanding bills, if any.
I hereby apply for a refund of my Bill Deposit under my electric service contract with the above-stated Service Identification Number (SIN). I agree that the refund includes the Bill Deposit Principal and accrued interest*, net of my pending outstanding bills, if any.
Only terminated accounts of customers who paid for a meter deposit from 1987 to July 2004 for residential customers, and from 1987 to April 2006 for non-residential customers, are covered by this phase of Meter Deposit Refund.
Based on the feedback we've been getting from customers on the Annual Bill Deposit Update, Meralco is studying a revised collection term that will make settlement easier for those with bill deposit insufficiency. We'll advise affected customers on the specific manner by which they can update their bill deposits in the coming days.
May 18, 2018 · The Meralco official clarified that the bill deposit, which is equivalent to the estimated billing for one month and serving as a security for unpaid bills, could either increase or be refunded, depending on the customer’s average monthly consumption. Article continues after this advertisement.
