The PSBank Overseas Filipino Savings account offers many benefits to Overseas Filipinos and their families.
This savings account is a fixed interest-bearing account with no initial deposit requirement. It comes with a personalized and ready-to-use ATM card that you can get on the spot when you open an account. This allows you day and night banking via the PSBank, Metrobank, and BancNet ATMs nationwide, and Mastercard ATMs worldwide.
You can also withdraw cash over-the-counter at any PSBank branch, experience hassle-free settlement of your utility bills, and do cashless shopping at any BancNet-affiliated establishments.
Enroll in PSBank Online and PSBank Mobile. Experience secure and convenient 24/7 e-banking facilities that offer delightful banking moments.
Minimum Maintaining Balance |
PhP1,000 |
Average Daily Balance to Earn Interest |
PhP5,000 |
Interest Rate |
Click here for the prevailing interest rates |
Interest Crediting |
Monthly |
Service fee (falling below maintaining balance) |
PhP500 is charged if account falls below the required average daily balance for two consecutive months. |
Service fee (accounts closed within 1 month from opening date) |
PhP500 is charged if account was closed within one month from opening date |
ATM WITHDRAWAL / BALANCE INQUIRY FEES
Subject to diminished interest rates and withholding tax of 7.5% as penalties
ATMs | Balance Inquiry | Withdrawal |
PSBank |
FREE |
FREE |
Metrobank |
FREE |
PhP7.50 |
BancNet-member Bank and ExpressNet |
PhP1 |
PhP10 |
Mastercard (overseas) |
US$1 per inquiry |
US$3.50 per transaction |
Withdrawal fee at any PSBank branch |
|
Card replacement fee (for lost/stolen/demagnetized card) | PhP200 per card |
Request for account balance and transaction history |
|
Inter-bank fund transfer (if source account) |
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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.
* For OFWs: New clients will be asked to declare their employer and country of employment.
* For OFW Beneficiaries: OFW Beneficiary needs to indicate the name, relationship, contact details, country where OFW remitter works and employer under "Other Sources of Funds/Deposits" portion of the CIS.
For more information:
* Deposits are insured by PDIC up to PhP500,000 per depositor.