Deposits/ Accounts

Savings Account

  • Regular Savings
    • Open a passbook savings account with minimum initial deposit of P500
    • Present one valid ID
  • Mabuhay Special Savings (MSS)
    • Open a passbook special savings account with minimum initial deposit of P5,000
    • Present one valid ID
    • Automatic monthly interest payment via rollover or credit to savings account
    • Readily withdrawable

Checking Account

  • Open a passbook checking account with minimum initial deposit of P 5,000 for individual or corporate account
  • Present one valid ID
  • Included in Metro Manila clearing

Time Deposits

    • Regular Time Deposit (RTD)
      • Open a time deposit account with minimum initial deposit of P 10,000
      • Present one valid ID
      • Automatic monthly interest payment thru credited to savings account
      • Readily withdrawable
    • Long Term Non-Negotiable Time Deposit
      • Open a time deposit account with minimum initial deposit of P 100,000
      • Present one valid ID
      • Tax-free interest automatically credited every month to savings account
      • Readily withdrawable

ATM Products

  • Open ATM savings account with minimum initial deposit of P100
  • Present one valid ID
  • ATM banking anytime, anywhere
  • ATM Payroll Services
    • Establishments/Companies must maintain a P6,000 bond per employee

Documentary Requirements for Entities opening Savings, Checking, Special Savings, and Regular Time Deposit:

Single Proprietorship

  • Business Permit / Mayor’s Permit
  • Department of Trade and Industry (DTI) Registration
  • Valid ID of Owner
  • One (1) pc. 1×1 picture with client’s signature over printed name at the back of the picture

Partnership

  • Certified true copy of Articles of Co-Partnership
  • Copy of Certificate of Registration with SEC if capital is P 3,000 or more
  • Partnership Resolution to open account, authorizing the partners to deposit, withdraw or otherwise deal with depository bank, in case no such designation is stated in the Articles of Partnership
  • BIR Certificate of Registration
  • Current Business Permit/ Mayor’s Permit
  • Valid IDs of authorized signatories
  • One (1) pc. 1×1 picture with client’s signature over printed name at the back of picture, for each authorized
  • signatories
  • Audited Financial statements

Corporation

  • Certificate of Registration with the SEC
  • Articles of Incorporation
  • By-Laws
  • Notarized Secretary’s Certificate of Board Resolution designating depository bank and authorized signatories
  • Current Year General Information Sheet filed with the SEC
  • BIR Certificate of Registration
  • Current Business Permit/ Mayor’s Permit
  • Valid IDs of authorized signatories
  • One (1) pc. 1×1 picture with client’s signature over printed name at the back of picture, for each authorized signatories
  • Audited Financial statements

Associations

  • Articles of Association or Constitution
  • Authorization designating the signatories to deposit, withdraw endorse or negotiate checks and deal with the bank deposits
  • By-Laws of the Organization
  • Valid IDs of authorized signatories
  • One (1) pc. 1×1 picture with client’s signature over printed name at the back of picture, for each authorized signatories