Tips On Opening A PNB Philippines Bank Account
Philippine National Bank (PNB) is among the largest banks in the Philippines in terms of assets. It is one of the best famous bank in the country and included in the Philippine Stock Exchange.
It was organized by the Philippine government on July 22, 1916, during the American colonial period, and became the first universal bank in the Philippines in 1980.
For you to begin a savings or checking account in PNB, complete requirements are really substantial for quick approval and to prevent hassles. It is also advisable to apply for Internet, mobile and phone banking at the same time when you open for PNB bank account.
PNB offers Internet, mobile and phone banking which has a lot benefits for their customers. Through Internet banking, you can have access to your account at any moment provided you have computer with Internet connection. You can handle your bills through Internet banking which can spare you plenty of time.
You can see beneath the step by step process on opening a savings or checking account in PNB.
1. Choose the PNB branch you would like to apply for a new bank account. It would be preferred to choose the branch near public roads where there are many ways of transportation.
2. Prepare all requirements and bring it all as you go to the bank where you will open a new bank account.
3. Carry money for first deposit. It is advisable to have an first deposit equal to maintaining balance to prevent fees afterward. For ATM and bankbook savings account, initial deposit is P5,000 and P10,000 commonly. For peso checking account, least initial deposit is P10,000.
4. Carry a ball pen since you will use that in filling up application forms and signature cards. It is advantage to be prepare at all times.
5. Go to new account counter at the time of arriving in the bank. Bank clerk will give you application forms; answer it up with the required data thoroughly.
6. Submit to the bank employee the application forms, beginning deposit and all fundamentals after you finished filling up all forms. Wait for analysis and approval of your application which can accommodate for about 20 minutes.
7. Usually, ATM or passbook will be available for pick-up to your PNB branch about 5 banking days had passed or you may ask the bank clerk when it will be ready to be sure.
PNB is one of the most options for starting a new bank account in the Philippines. Make sure you bring all the requirements before going to the bank to have fast application.
Gily Tenorio is a personal investment blogger who likes blogging on financial literacy, saving, investing, stock trading, mutual funds and make money online. To get more information on how to apply a bank account at PNB, you can visit Financial Management blog for more posts on financial planning, saving and investing.
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