How to Open a Savings Account at Security Bank
How to Open a Savings Account at Security Bank
Gilbert Tenorio
One great place where to save money is by owning a savings account. It is easy to own an account as long as you obtain the complete requirements for request and of course you obtain money for initial deposit.
Overview of Security Bank
Security Bank Corporation or commonly recognized as Security Bank is one of the major commercial banks in the Philippines. It is a public corporation included in Philippine Stock Exchange (PSE) with an exchange symbol of SECB.
The bank was established in 1951 at Manila, Philippines after the World War II. In 1960, SBC begun to expand outward Metro Manila and begun operations in Pampanga.
A number of commodities and services of Security Bank for its client are savings account, checking bank 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 bank account has various benefits for its account holders. Interest percentage is the most important concern when choosing a savings bank account. Few of the typess of savings account at SBC can be seen below.
1. Peso Savings Account with Cash Link ATM Card
The interest rate for this type of account is 0.50% per annum with a sustaining money remaining in account of P500. You can set direct deposits and withdrawals using the CashLink ATM Card.
2. Peso Savings Passbook Account
Profit rate for this account is 0.5% per annum with a sustaining balance of P10,000. You can make deposits and withdrawals over the desk using your passbook while banking hours.
3. Build-up Savings
This kind of account gives greater interest rate, allows you to invest anytime and you may withdraw up to three times in a quarter. Profit rate is 1.75% per year and maintaining balance of P5,000.
4. Dollar Savings
If you are looking for a dollar savings bank account, this account may fit to you. You can deposit and get off cash in US Dollar over the desk utilizing your passbook. The profit percentage is 0.25% per annum with maintaining balance of 0.
5. Investment Savings
A savings bank account with a steady term investment bank account. You can withdraw the deposit on maturity period by redeeming the certificate. The profit percentage for this account depends on the exchange rate. The sustaining money remaining in account 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. Interest rates are greater than a regular savings account that depends on the marker percentage beginning at P5,000 with a sustaining money remaining in account of P500.
Procedures in Opening a Savings Account at Security Bank
Basically, applying for a savings account is not difficult, it is a manageable method. Before moving to the bank, you must have the complete requirements such legitimate IDs, proof of location, and two 1×1 picture.
Upon arrival at the bank, you may directly go to the new account counter where all new clients will be received. Fill out all request forms including the signature cards that will be given to you. Make certain to supply all necessary data. After completing the forms, present it to the bank teller all together with the first deposit of your bank account for verifying and approval.
Security Bank is one of the largest banks in the Philippines with a broad networks of branches and ATMs. It is a reliable bank you can choose to open a new savings bank account. Applying a bank account is not difficult as long as you obtain the necessary credentials and adequate cash while opening an account.
Gilbert Tenorio is a personal investment blogger who loves blogging on financial literacy, saving, investment, stocks, mutual funds and make money online. To get more information on how to open a bank account at Security Bank, you can go to Financial Management blog for more details on saving, investing and make money online.
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