Deposits

 

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  • Used primarily for safekeeping of funds and evidenced by a passbook
  • Initial deposit of P100.00

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  • Minimum placement of P10,000.00
  • Minimum term of 30 days
  • Interest rate is higher than savings deposit

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  • 5-year time deposit with free life insurance; interest is withdrawable monthly and repriceable annually
  • Minimum placement of P100,000.00
  • Not subject to 20% Withholding Tax, provided deposit is not pre-terminated

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  • Used by individuals or enterprises to support their personal or business requirements; included in Manila clearing
  • May be Direct or 2-in-1 Checking Accounts
  • Initial cash deposit of P5,000.00 for Direct and P10,000.00 for 2-in-1

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  • 5-year time deposit for Overseas Filipino Workers (OFWs) and/or their spouses, with free life insurance
  • Minimum placement of PHP 50,000.00

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  • Savings Account for children ages 7 to 12 evidenced by a passbook
  • Minimum placement of P100.00

 

* Requirements from Depositors:

  • 1 valid ID (government issued) - e.g. SSS, PRC, Driver's license, Passport, Voter's ID, Postal ID, etc.
  • 1 ID picture (1x1 or 2x2)