CHINAbank 2018 Updates: How to Open Savings Account for ATM or Passbook.

CHINAbank ATM Savings Account. The information below will provide on how to open Chinabank savings account together with the necessary requirements.

How to Open Chinabank Savings Account for ATM or Passbook: Requirements

1. 2 1×1 ID pictures
2. Valid ID (Original and photocopy). Please bring additional ID to make sure.
3. *New requirement: TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)
4. Deposit Amount: For ATM: P2,000.00 and For Passbook: P5,000.00 (Interest rate: 0.25% per annum, subject to 20% withholding tax)

How to Open Savings Account for ATM or Passbook: Process/Steps.

1. Go to the nearest Chinabank branch in your area. Make sure to bring the requirements listed above.
2. Go to the new account section and advise the teller you’re going to open a savings account. The teller will provide you the application form.
3. Fill up the application form. Important: Make sure you double check all the information.
Once done, submit it to the teller together with the requirements and initial deposit amount of which savings account you chose. Source

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