Some of the most important lessons that parents can impart to their children are the values of thrift saving, discipline and perseverance. These values prepare their children to become the best persons that they can be when they grow up.

Starting your children on the road to saving is very easy with the PSBank Kiddie and Teen Savings. Your children can start saving with a small amount as these accounts do not require an initial deposit or maintaining balance.

Aside from enjoying the security and stability of banking with PSBank, your children are also protected through a free personal accident insurance from AXA Philippines. Your child could get insurance coverage equivalent to five times the value of his average daily balance.

The PSBank Kiddie Savings is a savings account for children from 0 - 12 years old while the PSBank Teen Savings is for teens 13 - 17 years old. The PSBank Kiddie Savings may be opened as an In-Trust-For (ITF) account, a joint account or an individual account for each of your children.

Minimum Maintaining Balance

No minimum maintaining balance required

Average Daily Balance to Earn Interest


Evidence of Deposit

Passbook and ATM Card* (issued upon request)

Interest Rate (per annum)

Click here for the prevailing interest rates

Interest Crediting


* ATM Card is not available for In-Trust-For (ITF) accounts

Higher insurance coverage as savings grow.

The PSBank Kiddie and Teen Savings come with a free personal accident insurance from AXA Philippines which is equivalent to five times (5x) the monthly average daily balance. This means that the child or teen is insured against accidental death or disability up to a maximum of PhP500,000 for those who are 0-7 years old and up to an aggregate limit of PhP5 million for those who are more than 7 years old but not more than 18 years old.  To claim the insurance, the account has to be active and should have a monthly average daily balance of at least PhP1,000 during the time of accident.

Saving is easy and affordable.

There’s no initial deposit or maintaining balance required.

Easy access to funds.

In case, you choose to open a Passbook and ATM, he/she can request for a PSBank Debit Mastercard and can use this to conveniently withdraw cash in any PSBank ATM nationwide or through BancNet and Mastercard ATMs.

Banking made easy.

Enroll in PSBank Online and PSBank Mobile, the Bank's secure and convenient electronic banking facilities, to be able to check your account balances and perform other banking transactions anytime, anywhere.

Service fee (accounts closed within 1 month from opening date)

PhP500 is charged if account was closed within one month from opening date.


ATMs Balance Inquiry Withdrawal Declined transactions*









Other Banks' ATMs


Fee* of the Owner of the ATM shall apply, with option to cancel.

* Fees may vary per ATM Owner


Mastercard (overseas)

US$1 per inquiry

US$3.50 per transaction

US$1.50 per transaction

* (insufficient funds and/or exceeds daily transaction frequency)

Withdrawal fee at any PSBank branch
  • up to PhP100,000 = PhP50 withdrawal fee
  • PhP100,001 and above = PhP100 withdrawal fee

Card replacement fee (for lost/stolen/demagnetized card)

PhP200 per card 

Request for account balance and transaction history
  • via PSBank branch/PSBank Online/PSBank Mobile
  • PhP100 for the 1st 3 pages, PhP 20 for every succeeding page
  • via ATM – FREE for the last 5 transactions
Inter-bank fund transfer (if source account)
  • via ATM - PhP25
  • via PSBank Mobile and PSBank Online
    • InstaPay - PhP15 per transaction
    • PESONet - PhP50 per transaction
  • via PSBank Mobile QR - PhP15 per transaction

Note: All aforesaid fees and charges will take effect immediately and may be cancelled or modified anytime at the Bank’s sole discretion without any prior notice.

I. Completely filled-out bank forms:

  1. Customer Information Sheet
  2. Specimen Signature Card
  3. Signing Instructions and Acknowledgement Receipt Form

II.  Valid IDs

  • For the minor (below 18 years of age): Any one (1) from the Primary IDs below.

    1. Philippine Passport
    2. National ID / PhilSys ID
    3. Photo-bearing School ID Signed by the Principal or Head of School with Birth Certificate Issued by Philippine Statistics Authority (PSA)

II.  For the Parent / Legal Guardian: At least one (1) Primary ID or two (2) Secondary IDs

  • Primary IDs:

    1. PhilID and various formats of PhilSys Digital ID / e-PhilID
    2. Philippine Passport
    3. Digitized Driver’s License (Professional or Non-Professional) ID
    4. Digitized Postal ID
    5. Professional Regulations Commission (PRC) ID
    6. Digitized Social Security System (SSS) ID
    7. Digitized Unified Multi-Purpose ID (UMID)
    8. Digitized Voter’s ID
    9. Digitized Overseas Workers Welfare Administration (OWWA) or Overseas Filipino Worker (OFW) ID
    10. Government Service Insurance System (GSIS) E-Card
    11. Digitized Pag-ibig Loyalty Card
    12. Digitized Tax Identification Number (TIN) ID or Digital TIN ID Generated Online (eTIN ID)
    13. Digitized Firearms License ID
    14. Integrated Bar of the Philippines (IBP) ID
    15. Digitized Seaman or Seafarer’s Book
  • Secondary IDs:
    1. Senior Citizen ID
    2. Person with Disability (PWD) ID
    3. Non-Digitized Voter’s ID
    4. Non-Digitized Postal ID
    5. National Bureau of Investigation (NBI) Clearance
    6. Barangay Clearance Certificate / ID
    7. Police Clearance Certificate / ID
    8. Company ID Issued by Private Entities Registered or Regulated by Bangko Sentral ng Pilipinas (BSP) / Securities and Exchange Commissions (SEC) / Insurance Commission (IC)
    9. Photo-Bearing and Signature-Bearing Student Driver’s Permit / License with Official Receipt (O.R.)
  • If Foreign National:
    1. Passport Issued by Country of Origin; AND
    2. Alien Certificate of Registration (ACR) ID or Special Resident Retiree’s Visa ID

For ACR, the Visa Status may either be (a) Permanent Resident or Temporary Resident or (b) Immigrant or Non-Immigrant Visa only.

  • Additional ID Requirements for Mainland Chinese National:
    1. Resident Identity Card (RIC) issued by Chinese Government
  • Filipinos who are also Foreign Nationals:
    1. ID Requirements for Filipino Citizens; OR
    2. ID Requirements for Foreign Nationals

Note: Deed of Release and Waiver Form to be signed by the Parent/Legal Guardian if child is aged 7 to 17 years old who are applying for ATM card under their name.

A cooling-off period of two (2) banking days is granted from the date of account opening. During the cooling-off period, the Account Holder may cancel or terminate the account without penalties, by submitting a written notice to the Bank. The Bank, however, reserves the right to deduct the documentary stamp and other taxes due thereon, if any, and collect reasonable processing, closure / pre-termination, and administrative fees when applicable, to cover the costs incurred during account opening.  The cooling-off period is available for financial consumers who are individuals, or micro and small enterprises as defined in applicable DTI regulations.

For more information:


General Provisions on Deposits and Other Products / Services


* Deposits are insured by PDIC up to PhP500,000 per depositor.

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