Dollar Savings Account

Brief Description

This is a dollar-denominated regular savings account for individuals or for corporate payroll accounts.

Features

For a minimum of only US$500., the account earns 0.25% interest p.a. It also comes with a record book for easy monitoring.

Requirements

  • Two (2) Valid Identification Cards
  • Signature Cards
  • Account Opening Form (AOF)
  • Two (2) Valid Identification Cards of Proprietor or authorized signatory
  • Signature Cards
  • Account Opening Form (AOF)
  • Certificate of Registration of business name with the Department of Trade and Industry
  • Application for registration of business name with the Department of Trade and Industry (if Certificate of Registration is not yet available)
  • Mayor's Permit
  • Current and notarized Special Power of Attorney, if another person (i.e. other than the proprietor) is authorized to transact business or sign in behalf of entity
  • Two (2) Valid Identification Cards of all Partners
  • Signature Cards
  • Account Opening Form (AOF)
  • Articles of Co-Partnership
  • Certificate of Registration of the Articles of Partnership with the Securities and Exchange Commission (SEC)
  • Partnership’s Resolution of authorized signatories
  • Two (2) Valid Identification Cards of all authorized signatories
  • Signature Cards
  • Account Opening Form (AOF)
  • Certificate of Registration from Securities and Exchange Commission (SEC)
  • General Information Sheet (GIS)
  • Articles of Incorporation
  • By-Laws
  • Notarized Secretary’s Certification of the Board Resolution(s) stating the following:
    • Authority to open an account or transact any business with a specific or any bank
    • Election of officers for the current year
    • Officers authorized to sign checks and other instruments, their limits and combinations


















Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000