How To Open a Savings Account At Chinabank Philippines
China Banking Corporation or commonly accepted as China Bank is the earliest privately-owned commercial bank in the country.
Same with most big banks in the Philippines, it is included in the Philippine Stock Exchange as a public company. It was awarded recently as one of the top 100 companies in South East Asia for making assets for its stockholders.
There are various services given by China Bank such as savings account, checking account, loans application, investment funds, remittance services and more.
It has also really low minimum initial deposit for opening a bank account. It only requires P1,000 for initial deposit of a new bank account. However, it has less branches in Visayas and Mindanao and nearly all of its banks are situated in Luzon and adjoining places of Metro Manila.
When applying a savings account at China Bank, you may stick to the below tips before coming to the bank for a quick approval of your application.
1. Choose a branch near your place of work or house where it will be comfortable for you to visit if in case your account come across a problem.
2. Make sure to prepare all necessary requirements for applying a new savings account like initial deposit for your new bank account, 1×1 picture ID, proof of billing and two valid ID.
3. Upon entering the bank, go directly to new account counter.
4. Complete all application documents and signature papers that will be disposed to you. Always ask questions if you do not know what you will do.
5. Give all requirements to the bank officer together with the first deposit of P1,000. (for passbook with ATM savings account)
6. If application is approved, return to the bank to pick-up your ATM card after 3-5 banking days.
China Bank is one best choice in picking a new bank account since it has many services and products available for its customers. In opening a new savings account, keep in mind to bring all requirements and know the procedures before going to the bank.
Gil Tenorio loves blogging on finance, saving and investment. He likes playing bass guitar and gardening. He lives in Korea with his family. To get details on how to open a ChinaBank account, feel free to visit Financial Management, for more articles on saving, investment and make money online.
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