BASIC DEPOSIT ACCOUNT

The Basic Deposit Account makes financial institutions more accessible for you by making the requirements easier. It will help you learn the value of promoting financial inclusion and embracing the culture of saving the right way.

  • An initial deposit of less than PHP 100
  • Savings account with passbook
  • No maintaining balance
  • No dormancy fee
  • Earn 0.10 % interest for every PHP 5,000 ADB
  • Simple identification requirement
  • An original and photocopy of any identification
  • Passport including those issued by foreign governments
  • Driver’s license
  • Professional Regulation Commission (PRC) ID
  • Postal ID
  • Voter’s ID
  • Taxpayer Identification Number (TIN)
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) card
  • Senior Citizen card
  • Overseas Workers Welfare Administration (OWWA) ID
  • Overseas Filipino Worker (OFW) ID
  • Government office and Government-owned and Controlled Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs)
  • ID issued by the National Council on Disability Affairs
  • Integrated Bar of the Philippines (IBP) ID
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) or Insurance Commission (IC)
  • PhilHealth Health Insurance Card ng Bayan
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Barangay Certification
  • Seaman’s Book
  • Alien Certificate of Registration / Immigrant Certificate of Registration
  • Department of Social Welfare and Development (DSWD) Certification
  • Professional ID cards issued by Maritime Industry Authority (MARINA)