Guides in Applying a Savings Account at UCPB Bank
Guides in Applying a Savings Account at UCPB Bank
Owning a savings account in the Philippines is not hard to do. In fact, it is simple to open a new savings account once you obtain the correct demands and enough cash for initial deposit of your bank account.
There are many banks offering a low initial deposit particularly if you are applying for ATM savings account. Each bank has its own requirements for first deposit and sustaining balance so you can monitor it using their website.
Overview of UCPB Bank
If you are thinking where to administer for a savings account, I advise you remember UCPB. United Coconut Planters Bank or UCPB for short is a global deposit in the Philippines. It belongs to the major twenty banks in the country in terms of assets. UCPB is a private company, meaning, it is not included in Philippine Stock Exchange. Currently, its major center is situated in Makati City, Philippines.
UCPB begun its operation on May 15, 1963 as First United Bank. It has just four branches at that time and was a little commercial bank. In the beginning, UCPB mostly dealt the coconut planters in the archipelago however as the day goes on, they got clientele from various walks of life.
Features of UCPB Savings Account
Basically, a savings bank account should provide benefits for its holder, otherwise, it is better to conserve money in your piggy bank. You may see below few of the features and benefits you may get from having a savings bank account at UCPB.
1. Withdraw your cash anytime through 24/7 ATM service
2. Costless UCPB ATM card upon application
3. Easy avenue and monitoring of bank account balance via online statement of accounts
4. Checking account comfort through Automatic Transfer Arrangement (ATA)
5. Money balance in your savings account is eligible as collateral for back-to-back loans
6. Deposits up to P500,000 are insured with PDIC
Demands for Launching a Savings Bank account at UCPB
Take attention that for walk-in applicants, the original and duplicate of the demanded documents (front and back) must be presented to the bank teller for checking and validation. The preceding papers are the ones which may be seen in UCPB's own website.
I. Person Account
1. Current and previous month's billing statements of at least one (1) utility or service corporation
For instance, Meralco, PLDT, Bayan Tel, Home/Sky Cable, Maynilad/Manila Waters, Visa/MasterCard credit cards, etc.) where the name and address or telephone number of the customer is indicated
2. One recent color Self photograph at least 1"x1" in size
3. Any one (1) of the following:
a. Present passport
b. Driver's permit together with legitimate receipt
c. In the absence of a passport or driver's permit, any two (2) of the following without alterations or deletions shall be demanded in addition to the utilities or service company billings:
* Corporation ID with photo
* New SSS/GSIS ID with photo
* BIR Tax Identification Number (TIN)
* NBI Clearance
* PRC ID
* License or permit to carry firearms
4. Required first deposit to savings account
II. Single Proprietorship Account
1. Certificate of Registration of Business or Trade Name with DTI
2. Affidavit of Application for Business Name
III. Partnership Account
1. Articles of Partnership with SEC Certificate of Registration
2. Certificate of Enrolling of Business Name from DTI
3. Affidavit of Request for Business Name
4. An agreement authorizing one or some of the partners to manage the account where the managing partner is not indicated in the Articles of Partnership
IV. Allied Bank account
1. Articles of Consolidation with SEC Certificate of Registration
2. Corporate By-laws with SEC Certificate of Filing
3. Board Resolution or Secretary's Certificate authorizing the beginning of an account with UCPB and designating the authorized signatories for the bank account
Procedures in Applying a Savings Account at UCPB
Before going to the bank, you must arrange and provide first all the needed credentials like the stuff listed above. Produce also the money for the initial deposit of your account.
When you are in the bank, you may proceed directly to the new account desk where all new request will be received and processed. Wait for your turn, make certain you have a number that you can get from the guard or sometimes via digital machine that gives priority number.
Once you obtain the application forms, fill it up completely and when you are finish, just say to the bank teller. Issue the initial deposit and just proceed as what the teller tells you to do.
Opening for a savings account at UCPB is effortless and simple if you have the sufficient money and necessary requirements prior to going to the bank for application. You must fill up all the papers completely and give to the bank officer to verify and process your application.
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