Depending on the nature of the business and the required paid-up capital, a Treasurer-in-Trust Fund (TITF) account may be required to receive the capital as you go through the process of incorporation. After your required paid-up capital has been deposited, you would need to request for a bank certificate to certify that the funds are on deposit with a bank.
A Treasurer-In-Trust is the treasurer elected by the incorporators to act as such until his/her successor has been duly elected and qualified in accordance with the by-laws of the corporation. The existence and balance of the TITF Account is subject to verification by the Securities and Exchange Commission (SEC).
![]() |
Types of corporate deposit accounts to be opened as TITF Account
• Peso Savings Account
• US Dollar Savings Account
|
|
Requirements• Proposed Articles of Incorporation and By-Laws • Treasurer-In-Trust should be Filipino • 2 Valid IDs of Treasurer-In-Trust • Notarized Treasurer’s Affidavit • Standard bank forms available for download here
Upon submission of SEC-registered and required bank documents, the Bank will convert the TITF account to a Corporate Deposit Account.
Click here for other documents required if you are opening a Branch, Representative Office, subsidiary and Regional Office Head Office Headquarters (ROHQ) in the Philippines. |
You may email the requirements to eunadesk@bdo.com.ph
You can also leave us your contact details and we’ll reach out to you.