REQUIREMENTS FOR OPENING OF DEPOSIT ACCOUNTS

For Individuals (in case of Joint Accounts, each depositor must present the requirements listed below):

Deposit and Cash Management Services

Deposit Services
Long-Term Time Deposit Products
Cash Management Services
Other Deposit-Related Services

Deposit Services
Regular Peso Savings

Choice of passbook and/or ATM (optional) for individuals (non-veteran)

Passbook for corporate accounts

Interest Rate: 0.125% p.a.

For Individuals: Only P1,000 minimum initial deposit and maintaining balance, P10,000 to earn interest

For Corporate Accounts: Only P5,000 minimum initial deposit and maintaining balance, P10,000 to earn interest

Regular Peso Checking (Non-Interest Bearing)

For Individuals: Only P5,000 minimum initial deposit and maintaining balance

For Corporate Accounts: Only P10,000 minimum initial deposit and maintaining balance

Special Peso Checking (Interest Bearing)

A peso checking account that earns an interest at 0.125% p.a.

For Individuals: Only P10,000 minimum initial deposit, maintaining balance, and to earn interest

For Corporate Accounts: Only P50,000 minimum initial deposit, maintaining balance, and to earn interest

Regular U.S. Dollar Savings

Passbook account

Interest Rate: 0.125% p.a.

For Individuals: Only $100 minimum initial deposit, maintaining balance, and to earn interest

For Corporate Accounts: Only $500 minimum initial deposit, maintaining balance, and to earn interest

Peso Time Deposit

High-yielding certificate of time deposit for Metro Manila and provincial individuals, corporate accounts, and
government accounts

Terms for 30, 60, 90, 180, 271 or 360 days placement

Only P5,000 minimum initial deposit for individuals

Only P10,000 minimum initial deposit for corporate accounts

U.S. Dollar Time Deposit

High-yielding certificate of time deposit for individuals and corporate accounts

Terms for 30, 60, 90, 180, 271 or 360 days placement

For Individuals: Only $1,000 minimum initial deposit

For Corporate Accounts: Only $5,000 minimum initial deposit

Premium Savings

High-yielding passbook account with high rates based on your average daily balance

For Individuals: Only P50,000 maintaining balance

For Corporate Accounts: Only P100,000 maintaining balance

REQUIREMENTS FOR OPENING OF DEPOSIT ACCOUNTS

For Individuals (in case of Joint Accounts, each depositor must present the requirements listed below):
a) Two (2) Primary IDs
b) 2 x 2 photo
c) DTI Certificate of Business Registration (for sole proprietorship)
For Corporate Accounts:
a) Duly-notarized Secretary Certificate (name of officers for the current year and the designation of bank as
corporate depository with specifications as to the manner of withdrawals and authorized signatories)
b) Board Resolution (authorizing the opening of the account and designating the person(s) who are authorized to
sign for and in behalf of the corporation, duly-certified under oath by the Corporate Secretary)
c) Articles of Incorporation and By-Laws, and all amendments thereto, if any
d) Two (2) Primary IDs of all authorized signatories
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Long-Term Time Deposit Products

Veterans Bank introduces three new time deposit products that offer not only high-interest rates but also come with a free
accident insurance. Individual time depositors will also enjoy additional perk exemption from withholding tax and docstamps!
For more information, please visit our Long-Term Time Deposit Products page.

Cash Management Services

a) Complete Payroll System

b) Salary Loans Facility for Employees
c) ATM Installation
d) Deposit Pick-Up Service / Coins and Bills Supply Agreement
e) Check Writing and Disbursement System / Reconciliation System
f) Real Property Tax and Business Tax Collection System
g) Desktop Banking Facility (Internet Banking)
h) Post-Dated Check Warehousing System and Service
For more information about our Cash Management Services, please call (02) 902-1600 or 1700 locals 6301 and 6302.