The PSBank USD Passbook Savings account is a US Dollar- denominated savings account which allows you to grow your money with the added convenience of a traditional passbook for efficient tracking of transactions.

 

 



Minimum Deposit

US$500

Average Daily Balance to Earn Interest        

US$500

Evidence of Deposit

Passbook

Interest Rate

Click here for the prevailing interest rates

Interest Crediting

Monthly

Service fee for accounts falling below the required maintaining ADB

US$10

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

US$15

Check clearing charges

     US Dollar checks
     Euro and Third Currency checks

 

  • US$2.50
  • US$5

Returned checks

US$22.50

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: 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
    16. Photo-bearing School ID Signed by the Principal or Head of School with Birth Certificate Issued by Philippine Statistics Authority (PSA)

  • 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

  • For Corporation and Other Entities:
    1. SEC Certificate of Registration
    2. Secretary’s Certificate or Board Resolution
    3. Articles of Incorporation
    4. By-Laws
    5. General Information Sheet
    6. Secondary License

  • For Single Proprietorship:
    1. DTI Certificate of Registration
    2. Mayor’s or Business Permit
    3. Secondary License

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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