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.

  • Completely filled-out bank forms:
    • Customer Information Sheet (CIS) for Individual Clients
    • Signature Card

    • Signing Instructions and Acknowledgement of Receipt Form
      • Fully accomplished  Interbank Fund Transfer (IBFT) Enrollment form  if parents and guardians want to avail of automatic intra-bank fund transfer service
      • Quit Claim / Waiver signed by the parent or guardian (only for PSBank Kiddie Savers and Teen Savings with PSBank Debit Mastercard)

    • Additional requirements for legal guardians opening an ITF account:
      • Customer Information Sheet (CIS) for Beneficiaries and Beneficial Owners
      • A Court Order is required as proof of authority to open and operate an ITF account on behalf of the ward/s

    • Valid IDs
      • Parents / Legal Guardians:
        • At least one Valid / Acceptable ID with photo and signature
          •  List of Valid Government - Issued IDs:
            • Primary IDs
              • PhilID and various formats of PhilSys Digital ID / e-PhilID
              • Digitized Non-Professional / Professional Driver's License
              • Digitized Postal ID, As issued by the Philippine Postal Corporation (PPC)
              • Digitized Social Security System (SSS) or Digitized Unified Multi-Purpose ID (UMID)
              • Government Service Insurance System (GSIS) E-card
              • Overseas Workers Welfare Administration (OWWA) Overseas Filipino Workers (OFW) E-Card
              • Person with Disability (PWD) ID
              • Philippine Government Issued Passport
              • Professional Regulation Commission (PRC) License
              • Seafarer's Identification and Record Book (Seaman's Book), as issued by the Department of Transportation Maritime Industry Authority
              • Senior Citizen ID
              • Special Resident Retiree's VISA or SRRV Card (In Lieu of ACR / ACR I-Card)
              • Voter's ID
            • Secondary IDs
              • Senior Citizen ID
              • Person with Disability (PWD) ID
              • Non-Digitized Voter’s ID
              • Non-Digitized Postal ID
              • National Bureau of Investigation (NBI) Clearance
              • Barangay Clearance Certificate / ID
              • Police Clearance Certificate / ID
              • Company Issued ID by Private Entities Registered or Regulated by BSP/SEC/IC
              • Photo-Bearing and Signature-Bearing Student Driver’s Permit / License with Official Receipt (O.R.)
      • For Foreign Nationals
        • Passport Issued by Country of Origin; and
        • Alien Certificate of Registration (ACR) ID or Special Resident Retiree’s Visa ID * For ACR, Visa Status may either be (a) Permanent Resident or Temporary Resident or (b) Immigrant or Non-Immigrant Visa.
      • Additional ID Requirement for Mainland Chinese Nationals
        • Resident Identity Card
      • Filipinos who are also Foreign Citizens
        • ID Requirements for Filipino Citizens; or
        • ID Requirements for Foreign Nationals
      • Child/ren or Ward/s
        • Photobearing School ID, duly signed by the Principal or Head of School
        • Birth Certificate issued by the Philippine Statistics Authority (PSA) or Certified True Copy issued by the Local Civil Registrar

Note: Kids/teens from 7-17 years old should be accompanied by his parent(s) or legal guardian/s during account opening.

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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