Guide on EastWest Bank Savings Account “Passbook Savings” Features & Requirements for Application
EASTWEST BANK SAVINGS ACCOUNT REQUIREMENTS – Here are the features of the EastWest Passbook Savings account and the documents needed in applying for it.
The EastWest Bank is one of the giant banking firms in the Philippines which you can turn to if you are planning to open a savings account with a passbook. Not only that, you can also opt to have your own Debit card. You can check on the offer of the details below.
Regular Savings Features
The Passbook Savings account offered by EastWest Bank boasts with easy monitoring of your bank transactions. You can also earn interest and enjoy having a passbook with an option if you want to have an EastWest Visa Debit Card.
- Minimum Initial Deposit – P 5,000
- Maintaining Balance – P 5,000
- Interest Earning Balance
- P 10,000
- P 25,000 (for accounts with an EastWest Visa Debit Card)
- Interest Rate – 0.125% p.a
- Withholding Tax – 20%
- Fund Access
- Local ATMs and Visa Plus ATMs worldwide
- EastWest Online and Mobile
- Visa-accepting online merchants globally
- Visa-accredited merchants worldwide
- Over-The-Counter
- Transaction Record
- Online bank statement
- Passbook
- Dormancy Charge
- P 30.00 per month (Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)
EastWest Bank Savings Account Requirements under “Passbook Savings”
- one (1) valid ID bearing your photo and signature including any of the following:
- passport
- National Bureau of Investigation (NBI) Clearance (Digitized)
- Philippine Identification – PhilID
- Overseas Workers Welfare Administration (OWWA) ID
- Integrated Bar of the Philippines
- Tax Identification Number (TIN) (Digitized)
- Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
- Postal ID (Digitized)
- Social Security System (SSS) Card
- Driver’s License
- Unified Multi-Purpose ID Department of Social Welfare and Development (DSWD) Certification
- Government Service Insurance System (GSIS) e-Card
- Professional ID cards issued by the Maritime Industry Authority (MARINA)
- Seaman’s Book
- OFW ID
- proof of billing that is under your name and bears your residence address
According to EastWest Bank, if you are a minor who is applying for the Passbook Savings account to the bank, you must present an original and clear copy of your NSO Birth Certificate. All applications are subject to the approval of the bank.
You may also visit – EASTWEST BANK LOANS: List of Loan Offers of EastWest Bank