Deposit

Philippines Deposit Insurance Corporation

Maximum Deposit Insurance for each Deposits is Php 1,000,000.00

  • Regular Passbook Account - Individual

    Eligibility and Account Opening Requirements:
    • Must be at least seven (7) years old
    • 1 valid Government-Issued ID
    Minimum Initial Deposit
    :

    Php 100.00

    Maintaining Balance
    :

    Php 100.00

    Withholding Tax Rate
    :

    20%

    Interest Rate Per Annum
    :

    0.50%

    Interest Credited
    :

    Quarterly

    Dormancy Fee
    :

    Php 30.00 per month

  • Regular Passbook Account - Corporate

    Eligibility and Account Opening Requirements:
    • Duly Registered Entities
    Minimum Initial Deposit
    :

    Php 100.00

    Maintaining Balance
    :

    Php 100.00

    Withholding Tax Rate
    :

    20%

    Interest Rate Per Annum
    :

    0.50%

    Interest Credited
    :

    Quarterly

    Dormancy Fee
    :

    Php 30.00 per month

  • Kiddie Passbook Account

    Eligibility:
    • Children aged 0 to 12 years old
    Minimum Initial Deposit
    :

    Php 100.00

    Maintaining Balance
    :

    Php 100.00

    Withholding Tax Rate
    :

    20%

    Interest Rate Per Annum
    :

    0.75%

    Interest Credited
    :

    Quarterly

    Dormancy Fee
    :

    Php 30.00 per month

  • Special Savings Deposit / Time Deposit

    These are accounts with higher interest rates that varies with the term and amount

    Minimum Initial Deposit
    :

    Php 5,000.00

    Maintaining Balance
    :

    Php 5,000.00

    Withholding Tax Rate
    :

    20%

    SSD/TD Interest Rate Per Annum

    Individual and Corporate Account

    Amount 30 - 180 Days 180 - 360 Days 361 - 1801 Days
    5,000 - 499,999.99 1.50% 2.00% 3.00%
    500,000.00 - 999,999.99 2.00% 2.50% 3.50%
    1,000,000.00 and above 2.75% 3.25% 4.50%

  • Basic Deposit Account

    Minimum Initial Deposit
    :

    Any Amount Below Php 100.00

    Maximum Balance
    :

    Php 50,000.00

    Withholding Tax Rate
    :

    20%

    Interest Rate Per Annum
    :

    0.25%

    Interest Credited
    :

    Quarterly

    Note: Account that exceeded the maximum amount shall be converted to regular savings account

Acceptable Identification Documents

These should be current and not be expired at the date of account opening.

  1. Philippine passport or Foreign Passport
  2. Driver's License
  3. Professional Regulations Commission (PRC) ID
  4. National Bureau of Investigation (NBI) Clearance
  5. Police clearance
  6. Postal ID
  7. Voter's ID
  8. TIN and Philhealth
  9. Barangay Certification
  10. Government Service Insurance System (GSIS) e-Card/UMID
  11. Social Security System (SSS) card
  12. Senior Citizen Card
  13. Overseas Workers Welfare Administration (OWWA) ID
  14. OFW ID
  15. Seaman's Book
  16. Alien Certificate of Registration (ACR)/Immigrant Certification of Registration
  17. Government Office and GOCC ID e.g. Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)
  18. Certification from the National Council for the Welfare of Disabled Persons (NCWDP); ID Issued by the National Council on Disability Affairs (NCDA-added as valid ID by BSP Cir. No. 792)
  19. Department of Social Welfare and Development (DSWD) Certification
  20. Integrated Bar of the Philippines (IBP) ID
  21. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC.
  22. Student's ID - photo and signature-bearing duly signed by the Principal or head of the school.
  23. National ID - where the customer or authorized signatory is a Non-Philippine resident, similar IDs duly issued by the Foreign government where the customer is a resident of a citizen may be presented. (SX.806.2.c.3)
  24. SEC Certificate of Registration
  25. Business Registration Certificate
  26. Birth Certificate - (Other Supporting Documents)
  27. Marriage Contract - (Other Supporting Documents)

Other Charges

  1. Closing of accounts within 30 days
  2. Replacement Fee of Lost Passbook
  3. Bank Certification Fee
  4. Bank Statement Fee

Requirements

  1. Individual
    • One (1) valid ID
    • For minors 0-6 years old, child's birth certificate
    • For ITF accounts, child's birth certificate or school ID and parent's/guardian's 1 valid ID
  2. Corporate
    • Sole Proprietor
      • Certificate of Registration of Business Name issued by Department of Trade and Industry (DTI)
      • Business Permit
      • One (1) valid ID of proprietor
    • Partnership
      • Article of Partnership and By-Laws with SEC Stamp
      • List of Partners
      • List of Beneficial Owner, if any
      • Notarized Partnership Agreement authorizing the Partners to open an account designating Rural Bank of Itogon (Benguet), Inc. as depository bank and appointing its authorized signatory(ies) thereto
      • One (1) valid ID of each authorized signatories
    • Domestic Corporations
      • Articles of Incorporation and By-Laws with SEC seal and ribbon; or Constitution certified by the Secretary of the Organization or By-Laws with SEC Stamp.
      • Notarized Secretary's Certificate or Board Resolution authorizing the Corporation to open an account designating Rural Bank of Itogon (Benguet), Inc. as depository bank and appointing its authorized signatories thereto
      • Latest General Information Sheet (GIS) which lists the names of directors/trustees/partners, principal stockholders owning at least twenty (20%) percent of the outstanding capital stock and primary officers such as the President and Treasurer
      • One (1) valid IDs of each authorized signatories
    • Cooperatives
      • Certificate of Registration issued by the Cooperative Development Authority
      • Articles of Cooperation and By-Laws
      • Secretary's Certificate of the duly elected officers of governing body/committee of the Cooperative
      • Notarized Certificate of Cooperative Resolution authorizing the Cooperative to open an account designating Rural Bank of Itogon (Benguet), Inc. as depository bank and appointing its authorized signatories thereto
      • One (1) valid IDs of each authorized signatories
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