Opening Bank Accounts in the Philippines

The Philippine banking system is more bureaucratic than the US and other Western countries.  There is much more requirements needed when opening a bank account in the Philippines for individual or corporate accounts.  Foreign nationals are required to even show more documentation and identification.  However, there are many banks located all over metro-Manila and the rest of the Philippines.  Luckily there are also branches in hundreds of provincial cities and even smaller towns outside of Metro-Manila and all over the Philippines

Requirements for Individuals Bank Accounts in most Philippine Banks

  1. At least two (2) valid IDs such as:
    • New SSS/GSIS ID
    • Driver's License
    • Company ID
    • School ID
    • Passport
    • PRC ID
    • Postal ID
    • Marriage contract (original copy)
    • Credit Card of a Reputable Company
    • License to Carry Firearms
  2. Two (2) copies of most recent 1 x 1 ID Picture
  3. Proof of Billing (Meralco, MWSS, PLDT, etc.)
  4. Tax Identification Number 

Requirements for Company, Corporate or Commercial Bank Accounts in most Philippine Banks

  • Articles of Incorporation
  • Certificate of Registration with the Securities and Exchange Commission
  • Corporate By-Laws
  • Board Resolution duly notarized incorporating the following:
    • Authority to open a bank account with LANDBANK
    • List of officers authorized to sign and the nature and extent of such authority
    • Notarized List of Officers, Board of Directors, Stockholders
    • Two (2) valid identification cards of signatorie

List of Banks in the Philippines

21-B Rufino Pacific Tower,
6784 Ayala Avenue cor. Rufino St., Makati,
Metro-Manila, Philippines

(+632)750-0634
(+632)750-0631
(+63)917-5935265
(+63)917-9258893
(401)308-4023
(415)223-2654
(613)9008-6208

info@kittelsoncarpo.com