Open a corporate account

Opening a Treasurer-In-Trust Account

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.

Let our Europe and North America Desks personally assist you

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.

 

Unibank, Inc. and its subsidiaries [the members of the BDO Group may be accessed at [https://www.bdo.com.ph/privacy-statement] to process, collect, store, my personal information or sensitive personal information obtained from me in the course of my transaction/s with the BDO Group. I understand and agree that these information may be disclosed or shared by BDO Group to its members for know-your-client, cross-selling, marketing, or profiling (manual or automatic) purposes to offer and provide new or related products and services of the BDO Group. Further, I hereby give my consent to any member of the BDO Group to process, collect, use, store, share or disclose my personal information or sensitive personal information to third parties for legitimate purposes, or to provide services to me or implement transactions which I may request, allow, or authorize.

 

I confirm that I understand and agree that my information may continue to be processed, collected, used, stored, or disclosed for ten (10) years from my last transaction date with any member of the BDO Group or until the expiration of the retention limits set by applicable laws, whichever comes later.

 

I hereby acknowledge and understand that should I wish to withdraw my consent to receive information about new or related products and services of the BDO Group, or to access, update, or correct certain personal data as set out in this form, I may communicate directly with the relevant member of the BDO Group's Data Protection Officer through the email address found at [https://www.bdo.com.ph/privacy-statement]. I further acknowledge and understand that I may access and view the BDO Group's Data Privacy Statement at [https://www.bdo.com.ph/privacy-statement] or obtain a copy thereof from the office or branch of the relevant member of the BDO Group.