Eligibility Criteria

• Any person who is at least seven (7) years of age and not suffering from any legal disability may open a savings account.

• Any guardian, trustee or administrator may also open a savings account for each person or estate committed to his care.

• Minimum initial deposit of P100.00

• Minimum deposit of P1,000.00  to earn interest

• Minimum maintaining deposit balance of P100.00

• Insured with Philippine Deposit Insurance Corporation (PDIC)

• Funds insured up to P500,000.00​

​Requirements in Account Opening 

For individual

• Two (2) pcs. 1×1 ID picture

• One (1) pc. 2×2 ID picture

• One (1) photo-bearing valid ID

For Organization/Corporation

• Two (2) 1×1 ID picture of each signatory

• One (1) 2×2 ID picture of each signatory

• Two (2) photo-bearing valid IDs of each signatory

• Secretary Certificate (notarized)

• Article of incorporation and by-laws

• SEC registration

• Business permit 

Basic Deposit Account

Provides financial access to communities giving these “unbanked” individual accesses to a formal banking system educating them on savings & investments.

Provides a financial literacy education which will orient client’s members of 4P’s Program, Farmers Associations, Cooperative Members with their respective family members instilling them the knowledge and value of money, savings and investments.

Minimum Deposit Amount: P100.00; if student we allow minimum of P50.00

Basic Qualification Requirements:

• At least 1 valid  ID

• Latest 2 copies of 2x2 or 1x1 pictures

• Clients MUST UNDERGO THE FINANCIAL LITERACY LECTURES conducted by the bank.

Minimum Investment Amount: P10,000.00

Maximum Investment Amount: P10,000,000.00

Term: 30 days – 360 days

​Requirements in Account Opening 

For individual /joint accounts

• Two 2×2 I.D picture  

• 1 valid Identification card

 For Corporate accounts

• Articles of Incorporation   

• SEC registration  

• Notarized BOD Resolution  

• 2×2 pictures  

• Valid Identification cards 

High Five Time Deposit Account

A non-taxable 5 years Investment which offers a higher interest return with tax refund credited at the end of term giving client better earning over a long period of time.

Minimum Investment Amount: P100,000.00

Maximum Investment Amount: P3,000,000.00 and above

Term: 5 years

​Requirements in Opening Account

For individual /joint accounts

• Two 2×2 I.D picture  

• 1 valid Identification card

 For Corporate accounts

• Articles of Incorporation   

• SEC registration  

• Notarized BOD Resolution  

• 2×2 pictures  

• Valid Identification cards 

Minimum Deposit Account: P20.00 monthly average daily balance of P500.00 to earn interest.

Basic Qualification Requirements:

·        At least 1 valid  ID

·        Latest 2 copies of 2x2 or 1x1 pictures

IMPORTANT NOTE:

For Ages 0-6 years old MUST BE opened as ITF accounts wherein parents or guardians are the one signing transactions.

Once the account is opened as an ITF account, the Trustee and the beneficiary shall INDIVIDUALLY comply with the SAME BASIC QUALIFICATION REQUIREMENT.

      For Ages 7-16 years old the client MAY OPT to have it as an ITF or Single Depositor Account where the child, kid or young adult can sign the documents on any transactions provided he/she is still guided by the parent or the guardian.