Section 6
SEC. 6. (a) Immediately upon the passage of this Act postal savings banks shall be established in Manila, Iloilo, and Cebu; and the Director of Posts shall, subject in each case to the approval of the Secretary of Commerce and Police, establish postal savings banks in other cities, towns, and villages of the Philippine Islands as rapidly as practicable. (b) For the performance of the duties prescribed in this Act, the Director of Posts shall divide the postal savings banks of the Philippine Islands into three classes, to be known as postal savings banks of the first, second, and third class, respectively. (c) Postal savings banks of the first class shall receive deposits to any amount and permit withdrawals of any amount, subject to the provisions of this Act. (d) Postal savings banks of the second class shall not receive any single deposit of over one hundred pesos, nor shall they receive deposits to the credit of any one account of more than two hundred pesos for any one month. Withdrawals of deposits shall not be permitted through postal savings banks of the second class of more than two hundred pesos a month, and no depositor shall be permitted to withdraw deposits from postal savings banks of the second class oftener than twice each calendar month. (e) Postal savings banks of the third class shall receive deposits only by means of postal savings bank stamps, as provided in section nine of this Act. No single deposit in the form of stamps shall be received by a postal savings bank of the third class to an amount exceeding twenty-five pesos, nor shall deposits amounting to more than fifty pesos be received by a postal savings bank of the third class to the credit of one account during any one month, and no depositor shall be permitted to withdraw deposits from postal savings banks of the third class oftener than twice each calendar month. No depositor shall be permitted to withdraw through a postal savings bank of the third class over fifty pesos at one time or over one hundred pesos during any one month. (f) The maximum limits of deposits, credits, and withdrawals provided for in this section shall be doubled in the case of deposits, credits, and withdrawals, respectively, of the charitable and benevolent societies referred to in paragraph (c) of section three of this Act. (g) No deposit shall be received and no deposit entry made for a sum less than one peso, except in the ease of accrued interest.