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16 thoughts on “How to open a Philippine bank account (for foreigners and Filipinos)”

  1. lovelylady says:

    So why is PDIC asking for a third government ID in case of bank closure and claims with them. Is there any logic at all?
    How sure are you that your money is insured? by the PDIC logo?? You better be kidding…
    PDIc has not paid me a dime since they closed since Dec 2008. You think, I will deposit a single dime in the Phil again? You bet… NADA!

  2. Swag Codes says:

    Awesome.. Just the information that I needed.

    Maraming salamat : )

  3. Jhen_pablojhen says:

    hi im jhen just want to ask if the kabayan dollar saving account is having atm card too or only passbook?

  4. Ate Myrna says:

    Also, nowadays banks would like clients to bring a copy of proof of billing o kaya ID with your complete address. The proof of billing doesnt have to be on your name, because the Bank just want to verify the address. I was at BDO SM Fairview yesterday, and a Teller and Client is arguing about this, hindi daw kasi specifically sinabi sa kanya when he asked previously

  5. Carey Sisko says:

    Outstandingly illuminating thanks, It is my view your current subscribers may well just want a fantastic deal more blog posts similar to this keep up the excellent information.

  6. chloe bags says:

    Wenn ich sage, Parteien, wei? ich nicht, wie betrunken am Verbindungshaus an einem Samstag Abend, ich meine die Firmenfeier, die Ihr Unternehmen hat jedes Jahr zu Weihnachten und Sie und Ihr Freund / Freundin muss in formelle Kleidung zu besuchen. Alkohol ist eigentlich in Gl?sern serviert und nicht die roten Solo Cups.

  7. Shailesh says:

    This is good information on How to open a bank account in the Philippines

  8. Angelica Giray says:

    I just want to ask if it is possible, for example if you have an account here in the philippines but one of your relatives abroad were going to deposit in your account in dollar.

  9. Denise says:

    Thank you for this informative guide. Opening a bank account is a must since you’ll never know what could happen in the future. In case you’re looking for a bank that you can build a financial relationship with, here is a comparison of every bank’s savings account feature, interest rate, and other fees and charges – http://ofwbank.ph/save-your-hard-earned-money-with-the-help-of-these-banks/

  10. Stephie says:

    Hi regarding non-resident foreign currency deposit only account, do you have a recommended banks? I have walked in to a few and all required ACR.
    Thanks.

    1. Jp says:

      Same thing.. Even for non resident. They are asking for ACR I Card..
      May we know where did you get your basis in applying for a foreign currency deposit? I checked with major banks and most of them clearly are asking for ACR card. May we know which bank are you referring to?

  11. Erik says:

    Just call the bank of your choice, and ask if can open an account and what documents they require.
    Most chance opening an account without ACR are tbe smaller bankoffices or newly opened who are dying to get customers.
    I had called one closest to my hotel and BAMM I was told to come in for an interview and after some paperwork i walked out with a passbook and ATM card on my name.
    Only showed two id’s, no proof of address in phil. Had only the 30 days stamp in passport.

    1. Hugh says:

      What’s the name of the bank you opened your account without an ACR I-card?

  12. ajax says:

    this info is not correct and incomplete. It would be better if you deleted this post.

  13. BronxBull says:

    the info here is wrong and unfounded I took all my required paperwork THAT THE BANK ASKED FOR which included a letter of endorsement for the US Embassy ACR card Passport to 3 different BDO banks I got 50 diferent different answers and all 3 refused to open an account for me! one bank told me the letter of endorsement was the “wrong one” the other told me i needed a “permanent resident ACR card” not a tourist one (ive been here 2 yrs now) and the 3rd bank told me i had to be married for at least 3 yrs to a filipina!
    i strongly believe that this is disrimination if not racism. I know at least a half dozen American pensioners that had absolutely ZERO issues opening an account … i rather continue to be hijacked for 3,000 pesos a month in fees by BPI & BofA … in ATM fees and international fees. its not worth going to jail here for the incompetentness of non professional just plain stupid bank employess.

  14. Errol Guevarra says:

    My friend from Mumbai, India wants me to open him a CORPORATE FOREIGN EXCHANGE ACCOUNT here.

    Is this ever allowed here in the Philippines?

    He is not here physically.

    If yes, will you process this request for a fee?

    You just advise us what to provide for you, ok?

    Please let me know so I may advise my friend about.

    Thank you very much and more power.

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