Europe

How to Open a Sterling or Dollar Account with Philippine National Bank (Europe) Plc


  1. You will need to complete and return the Account Opening form in person to Philippine National Bank (Europe) Plc. A member of our staff will go through the form with you and answer any question that you may raise.
  2. You must take something with you to confirm your identity. We can accept ANY ONE of the following signed IDs/documents:
    • A current and valid passport
    • Full UK photo driving license
    • EU National identity photocard
  3. We require a proof of address. We can accept ANY ONE of the following:
    • Latest utility bill (no older than 3 months)
    • Latest bank statement
    • Local authority tax bill
  4. We require a minimum initial deposit of Sterling £100, $200 if it is a US dollar account to open the account. USD deposits are subject to cash handling & cheque clearing charges

These types of accounts should be remittance-linked, that is the account opened should be used to transfer funds to the Philippines at the very least once a month otherwise a fee of £15.00 will be charged for every credit made to the account. Once your account is approved, you will be assigned an account number. You can then proceed to operate the account. We do not issue a bankbook, but we will send your bank statements quarterly by post. You will be given a receipt for every deposit you make.

We reserve the right to refuse any application to open an account if in our judgment the application is not suitable to maintain sterling or US dollar account with us.

Terms and Conditions

STERLING ACCOUNT & US DOLLAR ACCOUNT HELD IN THE UK

  1. That the account can only be operated in the United Kingdom.
  2. That the account to be opened is remittance-linked and must be used at least once a month for transfer/remittance to the Philippines, otherwise an applicable fee of £15.00 will be levied for every credit received/deposited to the account.
  3. That the account may be closed if the above conditions are not met.
  4. That the statements are provided quarterly, otherwise an applicable fee of £10.00 will be levied for every statement request.
Login Sign Up

IMPORTANT ANNOUNCEMENT

From 01 January 2024, we are pleased to announce that our remittance fees will remain unchanged for transactions up to £1,000.00. For transactions above £1,000.00 for both debit card and cash payments, please refer to our new charges posted in our lobby and on our website. Please speak to our customer service if you have questions and clarifications.

To save on remittance charge, we encourage you to pay via bank transfer. Thank you.


BANK DETAILS

FOR GBP:
Bank: National Westminster Bank Plc, London
Account Name: Philippine National Bank (Europe) Plc
Account Number: 95626735
Sort Code: 60 00 01


FOR USD:
Bank: National Westminster Bank Plc, London
Account Name: Philippine National Bank (Europe) Plc
BIC: NWBKGB2L
IBAN: GB27NWBK 607301 08094365


FOR EUR:
Bank: National Westminster Bank Plc, London
Account Name: Philippine National Bank (Europe) Plc
BIC: NWBKGB2L
IBAN: GB59NWBK 607200 13024914

*** Please include complete beneficiary details (name, bank name and account number)

HOME | REMITTANCEDEPOSITSLOANS | ABOUT US | CONTACT US Privacy Notice | Terms and Conditions