subject: How To Open a Savings Account At China Bank [print this page] How To Open a Savings Account At China Bank
China Banking Corporation or commonly known as China Bank is the first privately-owned commercial bank in the country.
Same with most big banks in the Philippines, it is listed in the Philippine Stock Exchange as a free-to-all company. It was awarded recently as one of the top 100 companies in South East Asia for building assets for its shareholders.
There are various services given by China Bank like savings account, checking account, loans application, investment funds, remittance services and more.
It has also really low minimum first deposit for opening a bank account. It only requires P1,000 for initial deposit of a new bank account. However, it has less branches in Visayas and Mindanao and nearly all of its banks are situated in Luzon and adjoining provinces of Metro Manila.
When opening a bank account at China Bank, you may stick to the following guidelines prior to coming to the bank for a fast approval of your application.
1. Pick a branch around your place of work or house where it will be comfortable for you to visit if in the event your account come across a difficulty.
2. Make sure to prepare all needed requirements for opening a new savings account like initial deposit for your new bank account, 1x1 picture ID, proof of billing and two valid ID.
3. Upon entering the bank, proceed to new account counter.
4. Complete all application documents and signature cards that will be disposed to you. Regularly ask questions if you do not know what you will do.
5. Give all requirements to the bank officer along with the first deposit of P1,000. (for passbook with ATM savings account)
6. When application is affirmed, return to the bank to claim your ATM card after 3-5 banking days.
China Bank is one best choice in choosing a new bank account since it has many services and products available for its customers. In applying a new account, keep in mind to prepare all requirements and learn the procedures prior going to the bank.
