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How To Apply for a Savings Account At China Bank


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China Banking Corporation or commonly accepted as China Bank is the first privately-owned commercial bank in the country.

Same with most large banks in the Philippines, it is listed in the Philippine Stock Exchange as a free-to-all company. It was awarded recently as one of the top 100 companies in South East Asia for making assets for its shareholders.

There are various services given by China Bank like savings account, checking account, loans application, investment funds, remittance services and more.

It has also really low minimum first deposit for applying a bank account. It only requires P1,000 for initial deposit of a new savings account. On the other hand, it has less branches in Visayas and Mindanao and nearly all of its banks are situated in Luzon and adjoining provinces of Metro Manila.

When opening a savings account at China Bank, you may stick to the following tips prior to coming to the bank for a fast approval of your application.

1. Pick a branch near your place of employment or house where it will be comfortable for you to go if in case your account come across a difficulty.

2. Remember to prepare all needed requirements for opening a new savings account like initial deposit for your new bank account, 1x1 picture ID, proof of billing and two valid ID.

3. Upon entering the bank, go directly to new account counter.

4. Accomplish all application documents and signature cards that will be disposed to you. Regularly ask questions if you do not know what you will do.

5. Give all requirements to the bank officer together with the initial deposit of P1,000. (for passbook with ATM savings account)

6. If application is affirmed, return to the bank to pick-up your ATM card after 3-5 banking days.

China Bank is one best choice in picking a new bank account since it has many services and products available for its customers. In opening a new account, keep in mind to prepare all requirements and learn the procedures prior going to the bank.
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