Guide on EastWest Bank Savings Account “Kiddie Savings” Features & Requirements for Application
EASTWEST BANK SAVINGS ACCOUNT REQUIREMENTS – Here are the features of the EastWest Kiddie Savings account and the documents needed in applying for it.
The EastWest Bank is one of the banks who wants to help parents and minors cultivate that value of saving. You can check on the details of its Kiddie Savings Account offer below including the EastWest Bank Savings Account requirements set under the offer.
Kiddie Savings Features
Are you a minor who wants to open a savings account? Or do you want to hone that savings skills in your kids early through a savings account? You can turn to this savings account offer which comes with a passbook so you can monitor your child’s bank transactions.
- Minimum Initial Deposit – P 2,000
- Maintaining Balance – P 2,000
- Interest Earning Balance – P 2,000
- Interest Rate – 0.125% p.a
- Withholding Tax – 20%
- Fund Access
- EastWest Online and Mobile
- Over-The-Counter
- Transaction Record
- Passbook
- Online bank statement
- 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 “Kiddie Savings”
- one (1) valid ID bearing your photo and signature including any of the following:
- passport
- Philippine Identification – PhilID
- Driver’s License
- National Bureau of Investigation (NBI) Clearance (Digitized)
- Tax Identification Number (TIN) (Digitized)
- Social Security System (SSS) Card
- Postal ID (Digitized)
- Government Service Insurance System (GSIS) e-Card
- Overseas Workers Welfare Administration (OWWA) ID
- Seaman’s Book
- OFW ID
- Professional ID cards issued by the Maritime Industry Authority (MARINA)
- Integrated Bar of the Philippines
- Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
- Unified Multi-Purpose ID Department of Social Welfare and Development (DSWD) Certification
- proof of billing that is under your name and bears your residence address
To apply for this savings account, go to a branch of EastWest Bank and submit your documents. All the account applications are subject to the bank’s approval.
You may also visit – EASTWEST BANK LOANS: List of Loan Offers of EastWest Bank