In this guide, our center of attention will be on “Veterans Bank Saving account requirements” alongside other relevant pieces of information that shed more light on the Veteran Bank savings account.
Money has been an essential tool for most of our daily activities. As such, cultivating the habit of saving some is of immense importance.
Hence many individuals are always on the lookout for avenues they can save or invest their money to earn something appreciable on it.
Veterans Bank, such is the reason why it has introduced various savings accounts which have a place for everyone, whether old or young.
All you need is to satisfy the Veteran Bank savings account requirements and get yourself registered for one.
Veterans Bank Savings Account Requirements
The following are the requirements for a Veterans Bank Savings account:
- Provide two (2) primary I.D.s as proof of identity. This can be,
- A passport size photograph
- Submit your DTI Certificate of Business Registration. This is for applicants who are into Sole Proprietorship.
- Complete the account opening form with the right information
- Minimum initial deposit. An applicant will require either $100 or Php 10,000 for the U.S. Dollar Savings or Peso Savings.
Additional information may include your current home address, source of income, and referees.
What Is The Minimum Balance Requirement For Veterans Bank Savings Account
The minimum balance requirement for Veterans Bank Savings accounts is $100 and Php 10,000 for the U.S. Dollar Savings account and Peso Savings account.
When you fail to meet this balance requirement, it affects the interest calculated and also may result in some account charges.
Savings Account Interest Rate
The interest rate stands at 0.05% and 0.1% for the U.S. Dollar and Peso Savings accounts, respectively. These interest rates are functions of their minimum balance requirements.
This implies that without maintaining the assigned monthly minimum balance, interest cannot be earned on the account.
For more on the Veterans Bank Savings account requirements, please visit their website at https://www.veteransbank.com.ph/personal-saving-account or send them an email at
email@example.com or call them at (02)8902-1700, (02)8902-1600.
This is all we have for you.