Basic Deposit Account
₱100
to open
Savings Account
Build your future with a savings account that works for you.
Open a savings account with Philippine Veterans Bank and enjoy secure, interest-earning deposits with flexible options to suit your financial goals. Choose from a range of accounts designed for every saver.
Why save with us?
Everyday banking essentials, thoughtfully designed for the way Filipinos save.
Low maintaining balance
Keep your account active with as little as ₱1,000 — or ₱0 maintaining balance on a Basic Deposit Account.
Nationwide access
Withdraw and transact through PVB branches and the BancNet ATM network across the Philippines.
PDIC insured
Your deposits are protected by the PDIC up to ₱1,000,000 per depositor. Save with confidence.
Choose the savings account that fits your needs
Explore our range of savings accounts designed for different goals and lifestyles.
Peso Savings
0.050%
interest rate (p.a)
U.S. Dollar Savings
0.075%
interest rate (p.a)
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 savings earn?
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 |
Peso Savings | 0.050% | P10,000 | Quarterly |
Basic Deposit Account | Prevailing savings rate | P500 | Quarterly |
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 Savings Account. The official schedule is available at any branch.
FEE/CHANGE | AMOUNT | REMARKS |
|---|---|---|
Minimum initial deposit | ₱1,000 | Peso Savings (₱100 for Basic Deposit) |
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 savings 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 complete these forms before visiting a branch to open your account.
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 initial deposit varies by account type: Regular Savings requires PHP 5,000, while Basic Deposit and Kiddie Savings accounts require only PHP 100.
You need to maintain the required minimum daily balance to earn interest: PHP 5,000 for Regular Savings and PHP 100 for Basic Deposit and Kiddie Savings.
Yes, your money is safe with Philippine Veterans Bank. Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to PHP 1 million per depositor, per bank, subject to PDIC rules and regulations.
Philippine Veterans Bank offers savings account options with passbooks and ATM cards, depending on the account type. Visit your nearest branch to confirm whether you can have both and check the applicable requirements and fees.
If your Philippine Veterans Bank account balance falls below the required maintaining balance, you may be charged a service fee or become ineligible to earn interest, depending on your account type and the bank’s policies. It is best to maintain the required balance to avoid potential charges and keep your account in good standing.
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.
Deposits, withdrawals, and balance inquiries are subject to Philippine Veterans Bank’s policies and procedures. Account holders should maintain the required minimum balance, follow the bank’s transaction requirements, and ensure sufficient funds are available before making withdrawals.
Interest earned on Philippine Veterans Bank savings accounts depends on the account type and applicable interest rates. Interest earnings may be subject to withholding tax and other applicable government regulations, in accordance with current Philippine tax laws.
Philippine Veterans Bank may impose fees and charges for certain banking services, transactions, or accounts that fall below the required maintaining balance. Customers are encouraged to review the bank’s latest schedule of fees and charges to understand applicable costs and avoid unexpected expenses.
An account may be classified as dormant if there are no customer-initiated transactions for a specified period, subject to Philippine Veterans Bank’s policies and applicable regulations. Account holders who wish to close their accounts should follow the bank’s procedures and settle any applicable fees or outstanding obligations before closure.
Philippine Veterans Bank is committed to protecting customers’ personal and financial information in accordance with the Data Privacy Act of 2012 and applicable regulations. Customers’ information is handled securely and used only for legitimate banking purposes, subject to the bank’s privacy policies and legal requirements.
Let’s Move Your Plans Forward
Visit a Veterans Bank branch near you and discover banking solutions designed around your needs and goals.