Smart Checking

Managing your finances can be simple and effortless when you open a Smart Checking Account. Get the benefits of a checking account that allows your funds to earn interest. 

Smart Checking

Personal account features

E-Statement 

 

Minimum Initial Deposit - ₱15,000

Minimum MADB(1) Requirement - ₱15,000

Minimum Balance to Earn Interest - ₱15,000

Passbook

 

Minimum Initial Deposit - ₱25,000

Minimum MADB Requirement - ₱25,000

Minimum Balance to Earn Interest - ₱25,000

Debit Card

 

Available for Personal accounts

Gross Interest Rate Per Annum

0.0625%

Business account features

E-Statement 

 

Minimum Initial Deposit - ₱25,000

Minimum MADB(1) Requirement - ₱25,000

Minimum Balance to Earn Interest - ₱25,000

Passbook

 

Minimum Initial Deposit - ₱50,000

Minimum MADB Requirement - ₱50,000

Minimum Balance to Earn Interest - ₱50,000

Gross Interest Rate Per Annum

 

0.0625%

Fees and charges

Account Closure (2)
₱300.00 
 
Falling Below Minimum Balance (3)
₱300 (Statement)
₱500 (Passbook)
Account Dormancy (4)
₱30
Withholding Tax for Interest Earned
20%
Checkbook Fee
₱250 (Personal Account)
₱500 (Business Account)
SPO Application/Filing
₱200
(1) MADB - Monthly Average Daily Balance
(2) Account Closure Fee will be collected if account is closed within 30 days from account opening.
(3) Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months.
(4) Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.
  • A checking account is dormant if it has no client-initiated activity for one (1) year.
  • Collection will start five (5) years after the last client-initiated activity date.
  • The revised collection and dormancy fee is effective April 25, 2017.

Ways to open an account

Account opening process

Online:
Branch:

Saved your account opening online?

Proceed with your application by entering your reference number.

Proceed with your application by entering your reference number.

Accepted IDs for account opening

 
  1. Passport (with English characters)
  2. Driver's License issued by LTO
  3. Professional Regulations Commission (PRC) ID
  4. Unified Multi-purpose ID (UMID)
  5. Social Security System (SSS) ID
  6. Philippine Identification System (PhilSys) ID
  7. School ID (for minors)
  8. NBI Clearance
  9. PNP Clearance with dry seal
  10. Philippine Postal ID
  11. Voter's ID
  12. Tax Identification Number (TIN) ID
  13. Barangay Certification with dry seal
  14. Government Service and Insurance System (GSIS) ID
  15. PhilHealth ID
  16. Senior Citizen ID
  17. Overseas Workers Welfare Administration (OWWA) ID
  18. Overseas Filipino Workers (OFW) ID
  19. Seaman's Book
  20. Government Office and GOCC ID (e.g. AFP, HDMF)
  21. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  22. Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
  23. DSWD Certification
  24. Integrated Bar of the Philippines (IBP) ID
  25. Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
  26. Maritime Industry Authority (MARINA) ID

*One (1) valid ID is acceptable if the ID is a Passport, Driver’s License, PRC ID, UMID, SSS ID, PhilySys ID or School ID (for minors).
Otherwise, please prepare at least two (2) valid IDs from the list. The chosen ID must be original and within their period of validity.
You may be asked to submit additional documents in compliance with bank regulatory requirements