Checking Account
Everyday Banking Made Easier
Keep your everyday banking running smoothly with an account designed for your daily transactions. Whether you're paying bills, issuing checks, or managing your finances, our checking account offers a secure and efficient way to bank.
Why Bank With Our Checking Accounts?
Everyday payment flexibility designed to keep your transactions simple and organized.
Easy Check Payments
Make payments conveniently by check for personal expenses, bills, purchases, and other transactions.
Flexible Account Options
Choose between Regular Peso Checking for straightforward transactions or Special Peso Checking that lets your balance earn interest.
Accessible Starting Balance
Start with a minimum initial deposit of ₱5,000 for Regular Peso Checking or ₱10,000 for Special Peso Checking.
Choose your Checking Account
Compare our peso checking options and pick the one that fits how you manage your everyday transactions.
Special Peso Checking (Interest Bearing)
Rates and features are indicative and may change without prior notice, subject to Bangko Sentral ng Pilipinas regulations. Please confirm current terms with your servicing branch.
Interest rates: How your account earns?
Interest is computed on your average daily balance (ADB) and credited to your account, net of applicable taxes.
ACCOUNT TYPE | INTEREST RATE (P.A.) | MINIMUM ADB TO EARN INTEREST | INTEREST CREDITING |
Special Peso Checking | 0.050% | ₱10,000 | Quarterly |
Regular Peso Checking | Non-interest bearing | — | — |
Interest earned is subject to the 20% final withholding tax. Rates shown are indicative and may be revised by the Bank in line with prevailing market and BSP conditions.
Banking fees & charges
A representative schedule of the fees that may apply to your Peso Checking Account. The official schedule is available at any branch.
FEE / CHARGE | AMOUNT | REMARKS |
Minimum initial deposit | ₱1,000 | Peso Checking Account |
Minimum maintaining balance | ₱1,000 | None for Basic Deposit Account |
Below maintaining balance fee | ₱300 / mo. | If ADB falls below the required balance for two (2) consecutive months |
Dormancy fee | ₱30 / mo. | After 2 years of inactivity, if balance is below maintaining balance |
Passbook replacement (lost/damaged) | ₱100 | Per passbook |
ATM card replacement | ₱150 | Per card |
On-us ATM withdrawal (PVB/BancNet) | Free | — |
Interbank ATM withdrawal | ₱18 | Per transaction, plus acquirer fees |
Fund transfer — InstaPay | ₱25 | Per transaction, up to ₱50,000 |
Fund transfer — PESONet | ₱30 | Per transaction |
Account closure within 30 days | ₱300 | Waived thereafter |
Bank certification / statement of account | ₱100 | Per copy |
Interest earned is subject to the 20% final withholding tax. Rates shown are indicative and may be revised by the Bank in line with prevailing market and BSP conditions.
Requirements for Opening a Deposit Account
Documents to Prepare
Two (2) valid primary government-issued IDs
One (1) recent 2×2 ID photo
DTI Certificate of Business Registration (for sole proprietors only)
Reminders
For joint accounts, each account holder must provide the required documents
Veterans Bank may request additional documents depending on the type of account or transaction
How to apply: Open your account in a few simple steps
1
Visit your nearest PVB branch
Use our Branch & ATM locator to find a branch near you. No appointment required for account opening.
2
Bring your requirements
Present your valid ID(s), TIN, and the initial deposit for your chosen account.
3
Fill out the account forms
Our branch staff will guide you through the Account Opening Form and Signature Card, and help you choose passbook and/or ATM.
4
Fund and activate your account
Make your initial deposit and receive your passbook and/or ATM card. You're ready to save and enroll in digital banking.
Downloadable forms
Download and accomplish these forms before your branch visit. All files are in PDF format.
PDF
Account Opening Form (Individual)
Personal deposit accounts · 1 pages
PDF
Specimen Signature Card
Signature verification · 1 pages
PDF
Checking Account Application Form (with BBG)
Includes Basic Business Group details · 1 pages
PDF
FATCA / CRS Self-Certification
Tax residency declaration · 1 pages
PDF
Beneficial Ownership Declaration
AMLA compliance · 1 pages
PDF
Digital Banking Enrollment Form
Online & mobile access · 1 pages
Frequently asked questions
The charter of the Board articulates the governance and oversight responsibilities exercised by the directors and their roles and functions in the Bank. It includes provisions on Board composition, Board committees, and Board governance, subject to provisions of the corporation’s Articles of Incorporation, By-laws, and applicable laws. The Board charter is not intended to limit, enlarge, or change in any way the responsibilities of the Board, as determined by such articles, by-laws, and applicable laws. The Board charter of the Bank is incorporated in its Corporate Governance Manual.
The minimum initial deposit is ₱5,000 for Regular Peso Checking or ₱10,000 for Special Peso Checking.
For Special Peso Checking, maintain a ₱10,000 average daily balance to earn 0.050% interest, credited quarterly.
Yes. All deposits are insured by PDIC up to PHP 500,000 per depositor.
Yes, you may choose the access options for your checking account.
A below-maintaining-balance fee of ₱300/month may apply if the ADB falls below the required balance for two consecutive months.
Terms & conditions
Accounts are opened subject to the Bank's Know-Your-Customer (KYC) and account-opening requirements. The Bank reserves the right to approve or decline any application in accordance with its policies and applicable regulations.
Please refer to the official schedule available at any branch.
Interest earned is subject to the 20% final withholding tax.
A representative schedule of fees is available at any PVB branch.
Fees may apply after a period of inactivity or for early account closure.
Your personal data is handled in accordance with the Data Privacy Act.
Let’s Move Your Plans Forward
Visit a Veterans Bank branch near you and discover banking solutions designed around your needs and goals.