The Philippine Savings Bank commonly known as PSBank or PSB, is a savings bank based in the Philippines. It is a subsidiary of Metrobank and is the second-largest savings bank in the Philippines.
PSBank is a member of BancNet, a Philippine-based interbank network connecting the ATM networks of more than forty local banks. It is considered the largest interbank network in the Philippines in terms of the number of member banks and annual transactions.
When opening a savings or checking account in PSBank, remember to bring complete requirements for smooth processing and faster approval of your bank account. It is also recommended to apply for Internet, mobile and phone banking at the same time when you apply for PSBank account.
Internet or phone banking is a good service offered by most of the banks since it will give you access to your account anytime and anywhere as long as there is an internet connection. You can also pay your bills like electricity bills online if you have Internet banking account.
In order to open savings or checking account in PSBank, it is recommended to follow the below procedures.
1. Choose the PSBank branch near your residence or place of work.
2. Remember to bring complete requirements when opening PSBank account.
3. Have money for initial deposit. For ATM and passbook savings account, initial deposit is P2,000 and P5,000 respectively. For peso checking account, minimum initial deposit is P5,000.
4. Proceed to new account desk upon arriving in the bank. Bank officer will give you application forms; fill it up with the required data completely.
5. When finished filling up all forms, give initial deposit together with the application forms and requirements to the bank officer for checking and processing.
6. When application is approved, get your ATM or passbook after 5 banking days had passed or you may ask the bank officer when it will be available to be sure.
A savings account is a good tool to save money safely. Opening a PSBank account is easy if you have all the requirements so don’t forget to bring all when you decided to come to the bank.