This guide will assist with the up-to-date information you will need on DBP savings account requirements.
The Development Bank of the Philippines is among the kong standing banks in the Philippines, with a customer network across the length and breadth of the country.
It provides numerous benefits such as; access to a wider ATM network, loans and investment opportunities, quick and easy access to funds, and flexible savings accounts, among the rest.
Their savings accounts are coupled with competitive interest rates. However, before you can have one, you need to know the DBP Savings account requirements.
Let’s find out.
Table of Contents
DBP Savings Account Requirements
Below are the requirements for a DBP Savings account:
- Minimum initial deposit. The opening amount starts from Php 0.00 to Php 5,000.00, depending on the particular account.
- Residential Address
- Fill out the account opening form.
- Tax Identification Number (TIN)
- Two (2) passport size photographs
- Proof of identity
Any of the following identification documents can be submitted to confirm your identity:
For locals:
Passport, Driver’s License, Professional Regulation Commission ID, National Bureau of Investigation Clearance, Police Clearance, Postal ID, Voter’s ID, Government Service Insurance System (GSIS) e-Card, Social Security System Card, Senior Citizen Card
For Overseas Employees:
Overseas Workers Welfare Administration ID, Overseas Filipino Workers ID, Seaman’s Book
For Foreigners:
Passport, or Alien Certification of Registration (ACR) I-Card
For Disabled Person:
A Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
Department of Social Welfare and Development (DSWD) Certificate
Other IDs:
Integrated Bar of the Philippines ID
Company IDs provided by private entities or institutions registered with or supervised or regulated either by the BSP, SEC, or IC
For Students:
School ID endorsed by school authorities
DBP Savings Account Requirements For Foreigners
The following are the requirements for DBP Savings account for foreigners:
- Minimum initial deposit
- Residential Address
- Fill out the account opening form.
- Alien Certification of Registration (ACR) I-Card or Passport to affirm your identity
Is There A Limit On How Much You Can Put In A Savings Account
No, there is no limit on how much you can deposit in a Savings account at the Development Bank of the Philippines.
DBP operates various savings accounts, and all of these have no limit to how much you can put in. However, it is not the same for withdrawals. Withdrawal transactions have limits.
For inquiries, kindly email DBP via customerservice@dbp.ph or call them at +6326838324.
Here is where we will end on DBP Savings account requirements.
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