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 checksEuro and Third Currency checks |
|
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:
II. Valid IDs: At least one (1) Primary ID or two (2) Secondary IDs
For ACR, the Visa Status may either be (a) Permanent Resident or Temporary Resident or (b) Immigrant or Non-Immigrant Visa only.
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.