How to Open An Savings Account in Banks

Opening a bank account (savings) in Philippine banks are not difficult as you think. What you need in the requirement and initial deposits. The bank staff usually ask you what type of savings you want - Passbook or ATM or both.

The basic procedure in opening an account:

1.  Secure requirements, usually Photocopy of two (2) Government-issued IDs and 2pcs 2x2 colored recent pictures;
 
2.  Go to the bank where you want to save.

3.  Fill-out the Deposit Application Form. Always put NONE or N/A if not applicable.

4. Submit or give the filled-out application forms along with your requirements and initial deposit.

5. The bank will then process your application and give you your Passbook or ATM.


Different banks have different initial deposit requirement and it also depends on your type of savings account. It is better to visit or contact the bank beforehand.