On this short article, I will share the simple steps on how to open a savings account in RCBC. If savings account in BDO, BPI or Metrobank is not your choice, RCBC is another great option you can have.
RCBC is one of the stable and well-known banks here in the Philippines. Though branches are not as many as the 3 major banks mentioned above, you can still find RCBC branches easily in common business area and establishments.
If you want to open a savings account in RCBC, you might find the information below helpful. Here we go.
RCBC savings account Features
- Initial deposit and Maintaining balance
- Interest rate: 0.25% p.a.
- ADB to earn interest:
RCBC savings account requirements
- 2 1×1 photo
- 2 Valid ID (Original and photocopy)
- Billing statement (doesn’t need to be your name but the address should be the same as your current address)
- Initial deposit
- TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)
Steps in opening a savings account in RCBC
1. Go to the nearest RCBC branch in your area. Make sure you have all the requirements.
2. Advise the bank teller that you’re going to open a savings account. It could be located in the new account section of the bank.
3. The teller will give you the application form. Complete all the details and make sure to double check before submitting it. Once done, submit it to the teller with all the requirements listed above.
4. The bank teller will check all the information and encode it in their system. Once done, they will inform and provide you the details. They will also provide you ATM card or Passbook.
In some cases, they will advise you to come back within 3 or 5 business days to get the ATM card or passbook.
You may also like.
- BDO Savings account
- BPI Savings account
- BPI Easy Saver
- Eastwest bank savings account
- Landbank savings account
- PNB savings account
- Chinabank Savings account
- Comparison of Savings account in the Philippines
- Comparison of Time deposit account in the Philippines
For other types of savings account in RCBC, please check the RCBC official website.
That’s it! You now have a savings account in RCBC. Start saving and achieving your financial goals.
If your goal is to grow your money either for retirement, for your child’s education, for your dream house or dream business, a savings account may not be the best tool for you.
There are other types of investment vehicles out there that can give you higher interest rates and/or high potential earnings. Some of them are the following.
These are just examples. Depending on your risk appetite you can choose any of these investment vehicles to help you grow your money.
Before you start though, make sure you have at least basic knowledge oofhow they work. You can read related books or blogs, watch youtube videos, attend seminars or even talk to a financial adviser. Whatever you chose, always remember that investing in yourself is the best investment of all time.
I hope you find this short article informative.