How to Open a Bank Account at Security Bank
One good place where to save cash is through having a savings account. It is not difficult to have an account as long as you have the complete requirements for request and of course you obtain cash for initial deposit.
Background of Security Bank
Security Bank Corporation or commonly known as Security Bank is one of the top commercial banks in the Philippines. It is a public corporation comprised in Philippine Stock Exchange (PSE) with a trading character of SECB.
The bank was organized in 1951 at Manila, Philippines after the World War II. In 1960, SBC begun to extend outside Metro Manila and begun operations in Pampanga.
Some of the products and services of Security Bank for its client are savings bank account, checking account, e-Banking, time deposits, prepaid and debit cards, credit cards, gift cards, collection services, and payment facilities.
Attributes of Security Bank Savings Account
In general, a savings account has several benefits for its account owners. Interest percentage is the most substantial consideration when choosing a savings account. Few of the kinds of savings account at SBC may be found underneath.
1. Peso Savings Account with Cash Link ATM Card
The interest percentage for this kind of account is 0.50% per annum with a maintaining balance of P500. You can make direct deposits and withdrawals using the CashLink ATM Card.
2. Peso Savings Passbook Account
Interest percentage for this account is 0.5% per annum with a sustaining balance of P10,000. You can make deposits and withdrawals over the counter utilizing your passbook during banking hours.
3. Build-up Savings
This kind of account gives higher interest percentage, allows you to invest anytime and you may withdraw up to three times in a quarter. Interest rate is 1.75% per year and maintaining money remaining in account of P5,000.
4. Dollar Savings
If you are glaring for a dollar savings bank account, this account will equip to you. You may bank and withdraw money in US Dollar over the desk utilizing your passbook. The profit percentage is 0.25% per year with sustaining balance of $500.
5. Investment Savings
A savings account with a steady term investment account. You can withdraw the front money on maturity period by saving the authentication. The profit rate for this bank account depends on the exchange rate. The sustaining balance is P50,000 for provinces and P100,000 in Metro Manila.
6. eSecure Savings Account
This bank account is an online savings account that may only be opened and accessed through Security Bank Online. Profit rates are greater than a regular savings account that depends on the marker percentage starting at P5,000 with a sustaining money remaining in account of P500.
Procedures in Opening a Savings Account at Security Bank
Fundamentally, applying for a savings account is not complicated, it is a manageable process. Before going to the bank, you should have the complete requirements such valid IDs, evidence of location, and two 1×1 photo.
Upon arrival at the bank, you can directly go to the recent account desk where all recent applicants may be entertained. Fill out all application forms including the signature cards that may be given to you. Make certain to supply all necessary information. After finishing the forms, submit it to the bank teller together with the first deposit of your bank account for verifying and approval.
Security Bank is one of the biggest banks in the Philippines with a wide networks of branches and ATMs. It is a good bank you may select to start a new savings account. Applying a bank account is not difficult as long as you have the necessary documents and adequate money when opening an account.
Gilbert Tenorio is a personal finance blogger who loves blogging on financial literacy, saving, investment, stocks, mutual funds and make money online. To get helpful information on how to open a savings account at Security Bank, you can go to Financial Management blog for more details on saving, investing and make money online.