Guide on Chinabank MoneyPlus Savings Account Features & Application Requirements
CHINABANK MONEYPLUS SAVINGS ACCOUNT – Here are the features of the MoneyPlus Savings Account offer of China Bank and the requirements for application.
Chinabank is one of the banks in the Philippines that you can turn to for a savings account. It has multiple offers and one of the excellent offers that you may apply for is the MoneyPlus Savings. You can check its details below.
Chinabank MoneyPlus Savings Account
One of the savings account offers of Chinabank is the MoneyPlus which comes with a passbook and a teller card. Here are the other details of this bank account:
- Minimum Required Deposit – Php 20,000.00
- Minimum Monthly Average Daily Balance Requirement – Php 20,000.00
- Minimum Balance to Earn Interest – Php 50,000.00
- Interest Rate – 0.125% per annum
- Withholding Tax – 20%
Requirements for Application
If you are applying as an individual:
- duly-accomplished and signed Chinabank Passbook Savings Account
- two (2) 1×1 ID photos
- original and clear copy of at least one (1) valid IDs. You can choose from the following:
- Postal ID
- Passport
- Barangay Certification
- National Bureau of Investigation (NBI) Clearance
- Driver’s License
- Professional Regulations Commission (PRC) ID
- Police Clearance
- Government Service and Insurance System (GSIS) e-Card
- Voter’s ID
- Senior Citizen Card
- Barangay Certification
- Social Security System (SSS) Card
- Seaman’s Book
- Integrated Bar of the Philippines ID
- Overseas Filipino Worker (OFW) ID
- Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
- School ID
- Department of Social Welfare and Development (DSWD) Certification
If you are applying for a Business / Sole Proprietorship:
- duly-accomplished and signed Chinabank Passbook Savings Account
- Application for Registration with DTI
- Certificate of Tax Exemption / Preferential Tax Treatment
- Certificate of Registration of Business Name with DTI
- Special Power of Authority (SPA) if the signatory is other than the owner of the business
If you are applying for Partnership Accounts:
- duly-accomplished and signed Chinabank Passbook Savings Account
- Articles of Co-Partnership
- Certificate of Registration by the Securities Exchange Commission (SEC)
- Partnership Resolution or Agreement duly notarized, designating the following:
- China Bank as its depository bank
- Authorized signatories
- Certificate of Tax Exemption / Preferential Tax Treatment
To apply for the savings account, go to a Chinabank branch and submit the aforementioned documents needed based on your application type. All applications for a savings account is subject to the approval of the bank.
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