Guide on Chinabank ChinaCheck Deposit Account Features & Application Requirements
CHINABANK CHINACHECK DEPOSIT ACCOUNT – Here are the features of this deposit account offer of China Bank and the requirements.
Are you planning to open a deposit account? One of the banks that you may turn to is Chinabank. It has a deposit account that comes with a tellercard, a passbook, and a monthly statement of account for your monitoring.
Chinabank ChinaCheck Deposit Account
This deposit account offer of the bank comes with the following features:
- Initial Deposit Required by the Bank – P5,000
- Minimum Balance to Earn Interest – P50,000
- Minimum Monthly Average Daily Balance Requirement – P5,000
- Interest Rate per annum – 0.125%
- Withholding Tax – 20%
- Evidenced by:
- TellerCard
- Monthly Statement of Account
- Passbook
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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