ORGANIZATIONAL
SAVINGS
Overview
Even businesses can bank, too. Save your earnings. Every peso earned by your business is worth saving.
Service Fees & Charges
| Account Closure Within 30 Days: | Php 100.00 |
| Below Minimum Balance: | Php 100.00 |
| Withholding Tax for Interest Earned: | 20% |
Features
For Corporate or Partnership
| Initial Deposit Requirement: | Php 5,000.00 |
| Minimum Monthly ADB Requirement: | Php 5,000.00 |
| Minimum Balance to Earn Interest: | Php 5,000.00 |
| Interest Rate per Annum: | 0.50% |
| Transaction Record: | Passbook |
For Associations and Non-profit Organizations
| Initial Deposit Requirement: | Php 1,000.00 |
| Minimum Monthly ADB Requirement: | Php 1,000.00 |
| Minimum Balance to Earn Interest: | Php 1,000.00 |
| Interest Rate per Annum: | 0.50% |
| Transaction Record: | Passbook |
Requirements
For Corporate or Partnership
- Certificate of Registration (DTI, SEC, BSP)
- Secondary license or certificate of authority
- Articles of Incorporation/ Partnership
- Latest GIS which lists the names of directors/trustees/partners, principal stockholders owning at least twenty percent (20%) of the outstanding capital stock, and primary officers such as the President and Treasurer; (if applicable)
- Board or Partner’s resolution duly certified by the Corporate/ Partner’s Secretary authorizing the signatory to sign on behalf of the entity
- Pictures and IDs for all authorized signatories
For Associations and Non-profit Organizations
- Board Resolution duly certified by the Corporate/ Partner’s Secretary authorizing the signatory to sign on behalf of the organization
- By Laws/Articles of Incorporation/Association (if applicable)
- Pictures and IDs for all authorized signatories
- Certificate of Registration (if applicable)
Deposits are insured by PDIC up to P500,000 per depositor.