1. Psbank Savings Account Requirements
2. Psbank Savings Account No Maintaining Balance
3. 10% Interest Savings Account
4. Psbank Savings Account Review

The PSBank Regular Passbook Savings account offers the benefit of earning a fixed interest rate and a convenient way to monitor transactions. Whether you are saving up for an investment, a special occasion, or an emergency fund, PSBank will make it simple and easy for you.

PSBank Online is a facility granted by the PHILIPPINE SAVINGS BANK (herein referred to as the “Bank”) to its depositor or borrower (herein referred to as “Client”), for as long as he/she is qualified under the terms and conditions imposed by the Bank. Concerning or related to the PSBank Online account, User Account, funds, products. PSBank savings account features. Maintaining balance: P2,000(for ATM) / P5,000(for passbook) Interest rate: 0.5000% Source: PSBank. Steps in opening a savings account in PSBank. Go to the nearest PSBank branch in your area or to any PSBank branch you preferred. Make sure you have the requirements mentioned above. Send funds to your PSBank account in the Philippines - fast and easy. PSBank Bank and TITF Certification. Conveniently validate your bank certificates and documents online. Philippine Savings Bank is a proud member of. The PSBank Kiddie Savers account is a savings account for children from 0 - 12 years old while the PSBank Teen Savers account is for teens 13 - 17 years old. The PSBank Kiddie Savers may be opened as an In-Trust-For (ITF) account, a joint account or an individual account for each of your children.

The Philippine Savings Bank (PSE: PSB) (shortened as PSBank or abbreviated as PSB) is a savings bank based in the Philippines. It is a subsidiary of Metrobank and is the second-largest savings bank in the Philippines after BPI Family Savings Bank.

Subsidiaries and affiliates[edit]

PSBank is a subsidiary of Metrobank, and as such is affiliated with it. PSBank is also affiliated with Toyota Financial Services Philippines Corporation (TFSPC), where it currently has a 25% stake.

Ownership[edit]

• Metropolitan Bank and Trust Company: 75.98%
• PCD Nominee Corporation: 5.86%
• Danilo L. Dolor (son of Doña Soledad Dolor): 5.04%
• Erlinda L. Dolor: 2.95%
• Ma. Soledad S. de Leon: 1.67%
• Public stock: 4.01%

Competition[edit]

PSBank competes with other savings banks, such as BPI Family Savings Bank and RCBC Savings Bank. The bank is also competing against multinational savings bank such as Citibank Savings and HSBC Savings. However, since PSBank is considered a major bank, it also competes with bigger financial institutions. It does not, however, aggressively compete with parent company Metrobank.

Controversies[edit]

Impeachment of Renato Corona[edit]

PSBank officials were about to receive a subpoena request in connection with the Impeachment of Renato Corona due to the allegations of a secret US$ account under the name of Renato Corona.^[2]

In addition, the PSBank executives were also asked to bring consumer identification and specimen signature card(s) of the bank account(s) under Corona's name which won P1 million in the PSBank Monthly Millions Raffle Promo.^[3]

Pork Barrel Case[edit]

During the senate investigations involving the Priority Development Assistance Fund scam, also known as the pork barrel scam, PSBank was one of the domestic Philippine banks included in the senate inquiry about the bank accounts of the whistleblowers.^[4]

Moreover, PSBank was also included as one of the banks from which Sen. Ramon Revilla Jr. and his family, as well as those of Janet Lim-Napoles and her pseudo-NGOs, have utilized to launder the controversial “pork barrel” funds.^[5]

See also[edit]

References[edit]

1. ^http://www.psbank.com.ph/financials02.htm
2. ^'PSBank cites bank secrecy law'. Philippine Daily Inquirer.
3. ^'Did Corona declare P1-M luck?'. Rappler.
4. ^'Napoles presses bank to release whistleblowers' records'. Rappler.
5. ^'How AMLC found possible laundering of Revilla's PDAF'.

External links[edit]

Psbank Savings Account Requirements

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.

Psbank Savings Account No Maintaining Balance

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

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

• 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)

10% Interest Savings 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.

Psbank Savings Account Review

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.