The PSBank Dollar or Euro Savings is a good option to save and monitor your funds and transactions with a traditional passbook. However, you can only open this type of account at the PSBank branch in Paseo de Roxas in Makati City. PSBank Overseas Filipino Savings. PSBank OFW Savings Account offers a number of benefits for OFWs as well as their families. Apart from the reliable banking services of PSBank in the Philippines, account members can also enjoy cashless shopping and convenient remittance transactions through PSBank’s wide network of ATM locations.

  1. Free Savings Account
  2. Psbank Savings Account Interest Rate
  3. Different Types Of Saving Accounts
  4. First National Bank Savings Account

Having your personal savings account gives you a sense of security and convenience wherever you may be in the world. With the new technological and security account features offered by virtually every bank in the market today, it has become quite easy to perform personal and business to business transactions with simply the use of a debit or a credit card.

In the Philippines, one of the best savings banks in the market right now is PSBank. With over five decades of secure banking services and customer relations expertise, PSBank has rightfully earned its spot among the best in terms of savings and banking services. With currently having around 250 service branches and over 600 in-branch and off-branch ATM locations, PSBank has built on its expansive milestones and progressive products in the service of the Filipino people. If you would like to open a PSBank ATM savings account, here’s how:

Applying for a PSBank Savings Account

Features and benefits of Standard Savings Account are A low hassle savings account good for starting out; $25 minimum opening deposit; $4 monthly maintenance fee. Waivable with $300 minimum daily ledger balance 6 or $1,000 average monthly collected balance 7 or account holder(s) under age 18.

Applying for a PSBank ATM savings account entitles account holders to the following perks and services:

Free Savings Account

  • At Php 2,000, you can easily open an ATM savings account. This is also the minimum maintaining balance to keep your account active.
  • An annual interest rate of 0.5000% with monthly crediting.
  • 24-hour banking services through any PSBank, Metrobank, BancNet, and Mastercard ATMs anywhere in the world.
  • Pay your bills conveniently online or perform your payment transactions through any of PSBank’s service branches and PSBank’s extensive ATM network.
  • Go cashless when you shop with any BancNet partner merchant stores.

Requirements:

  • Any primary OR two (2) secondary valid IDs with recent ID picture and signature
    • Primary IDs:
      • Passport
      • PRC License
      • Driver’s License
      • Voter’s ID
      • Unified Multi-purpose ID (UMID)
      • Postal ID Card (PVC Plastic Card)
      • GSIS / SSS ID Card
      • Senior Citizen’s Card
    • Secondary IDs:
      • Tax Identification Number (TIN) Card
      • PhilHealth Insurance Card ng Bayan (PHICB)
      • Police Clearance
      • National Bureau of Investigation (NBI) Clearance
      • Barangay Certification/Clearance
      • City Health Card/Health Certificate Card
      • OFW ID
      • Seaman’s Book
      • Overseas Workers Welfare Administration (OWWA) ID
      • Company ID
    • The initial deposit fee of Php 2,000 for an ATM savings account
    • [Update] Tax Identification Number (TIN)
Account

Procedures:

  1. Visit the nearest PSBank service branch in your location. Be sure to have with you all the above listed account opening requirements on the day of your visit to the bank.
  2. Inform the bank teller at the New Accounts section that you are going to apply for an ATM Savings account.
  3. Once you have been provided with the necessary forms, completely fill them out and make sure that all the information you provide is true and accurate. Submit your application form and the required documents along with and initial deposit fee of Php 2,000 to the bank officer.
  4. One your application has been reviewed, approved, and accepted in the system, you will be issued your personal ATM card and other account documents within the same day.

Tip: Ask assistance from the bank officer as to how you can enroll your savings account thru PSBank’s Online and Mobile banking platforms for convenience and easier banking transactions, or if he/she can do it for you at the bank.

In one of our previous posts, we have shared with you the steps and requirements needed to open a PSBank Savings Account in the Philippines. For most of us OFWs, we have families we need to support back home. And one way to ensure that we fulfil this responsibility is by opening an account through which we can send our remittances back home in a safe and timely manner.

PSBank OFW Savings Account offers a number of benefits for OFWs as well as their families. Apart from the reliable banking services of PSBank in the Philippines, account members can also enjoy cashless shopping and convenient remittance transactions through PSBank’s wide network of ATM locations. If you’re interested to apply for an OFW Savings account with PSBank, here’s how:

Applying for a PSBank OFW ATM Savings Account

Atm

When you open a PSBank OFW ATMSavings account, you get to enjoy the following perks and services:

Psbank Savings Account Interest Rate

  • Zero initial deposit and minimum maintaining balance
  • A monthly average daily balance of Php 5,000 to earn interest at 0.50% per annum.
  • Monthly interest crediting.
  • Enjoy cashless shopping from any BancNet partner merchants all over the country.
  • Take advantage of PSBank’s Online and Mobile platforms for safe, fast, and secure banking transactions anytime anywhere.

Requirements:

  • Any photographed primary OR two (2) secondary valid IDs with signature
    • Primary IDs:
      • Voter’s ID
      • Driver’s License
      • Passport
      • PRC License
      • Senior Citizen’s Card
      • GSIS / SSS ID Card
      • Postal ID Card (PVC Plastic Card)
      • Unified Multi-purpose ID (UMID)
    • Secondary IDs:
      • OFW ID
      • Overseas Workers Welfare Administration (OWWA) ID
      • Seaman’s Book
      • Tax Identification Number (TIN) Card
      • PhilHealth Insurance Card ng Bayan (PHICB)
      • Police Clearance
      • National Bureau of Investigation (NBI) Clearance
      • Barangay Certification/Clearance
      • City Health Card/Health Certificate Card
      • Company ID
  • [New Update] Tax Identification Number (TIN)

Procedures:

Different Types Of Saving Accounts

  1. Visit any PSBank service branch of your choice to open an account. Bring all the above-listed documentary requirements for your visit to the bank.
  2. Request assistance from the bank officer assigned at the New Accounts section to open an OFW ATM Savings account.
  3. Fill out all the application forms that you will be handed with. Submit the forms along with the required documents to the bank officer.
  4. Upon review and encoding of your application in PSBank’s system, you will also be given your personal OFW ATM card on the same day.

First National Bank Savings Account

Tip: Request for help or instruction from the bank officer on how you can enrol your savings account on PSBank’s Online and Mobile banking platforms to enjoy convenient and easier banking transactions, or if he/she can do it for you right then and there.

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