Deposit Account
Continue building your savings goals with the bank that you can trust. Start opening a deposit account with PNB New York and grow your money to reach your goals on time.
Type of Accounts
| Opening Balance Requirement | $500 |
| Minimum Maintaining Balance Requirement | $500 |
| Minimum Balance to Earn Interest | $1,000 |
| Interest Rate | 0.10% |
| Instrument | Notice Letter |
| Opening Balance Requirement | $1,000 |
| Minimum Maintaining Balance Requirement | $1,000 |
| Minimum Balance to Earn Interest | None |
| Interest Rate | None |
| Instrument | Checkbook |
| Opening Balance Requirement | $1,000 |
| Minimum Maintaining Balance Requirement | $1,000 |
| Minimum Balance to Earn Interest | None |
| Interest Rate | 0.25% |
| Instrument | Certificate |
What you need to open a Deposit Account
- For Individual Account:
- Completely filled-out Account Information Form
- 2 copies of Signature Card
- W-9 form (Request for Taxpayer Identification Number and Certification)
- W-8 form (Certificate of Foreign Status)
- 2 clear photocopies of your valid IDs
- For Non-Individual U.S. Person Account
- Completely filled-out Account Information Form*
- 2 copies of Signature Card*
- W-9 form (Request for Taxpayer Identification Number and Certification) or W-8 form (Certificate of Foreign Status)
- 2 clear photocopies of your valid IDs
- Notarized Certified True Copy of Articles of Incorporation/Partnership/Association and By Laws
- Original Secretary’s Certificate of covering Board Resolution authorizing the opening of account with Philippine National Bank – New York Branch indicating authorized signatories
- Notarized Certified True Copy of Business License, if applicable
- For Non-Individual Non U.S. Person Account
- Completely filled-out Account Information Form*
- 2 copies of Signature Card*
- W-8 BEN form – Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding
- 2 clear photocopies of your valid IDs
- Notarized Certified True Copy of Articles of Incorporation/Partnership/Association and By Laws
- Secretary’s Certificate of covering Board Resolution authorizing the opening of account
- For Embassy/Consulates
- Completely filled-out Account Information Form*
- 2 copies of Signature Card*
- W-8 EXP Form – Certificate of Foreign Government or other Foreign Organization for United States Tax Withholding
- Certified list of Embassies/Consular Offices issued by an authorized officer of the Department of Foreign Affairs (DFA – Philippines)
- Certification Issued by the DFA – Philippines authorizing the Embassy/Consular Office to open and maintain a deposit account with PNB New York
- Copies of Appointment Papers of the authorized signatories, duly authenticated by the Head of the Embassy/Consular Officer or other authorized officer
- Copy of unexpired Philippine Driver’s License with photo and duly authenticated by the Head of the Embassy/Consular Officer or other authorized officer
How to open a Deposit Account
- Complete your requirements
- Go to PNB New York branch to process your application.
- Open your account.
Fees and Charges
| PNB Savings Account | |
| Balance below the required minimum maintaining balance | $8 per month |
| Dormant Account | $8 per month |
| Return of Check Deposited to Account | $10 per check |
| Request for Certification of Deposit Account Balance/s | $10 |
| Request for Interim Statement of Account | $5 |
| Request for Bank Statement | $20 |
| Investigation Charge (simple) | $20 |
| Investigation Charge (complex) | $40 |
| PNB Checking Account | |
| Request for Stop Payment Order | $10 per check |
| Dormant Account | $10 per month |
| Request for Certification of Deposit Account Balance/s | $10 |
| Request for Check Certification Charge | $5 |
| Purchase of Emergency Check | $1 per check |
| Request for copies of checks | $10 |
| Return of Insufficiently Funded Check | $15 per check |
| Return of Check with SPO | $15 |
| Post Dated Check | $15 |
| Return of Check deposited to account | $10 per check |
| Below Minimum Maintaining Balance | $10 per month |
| Request for Interim Statement of Account | $5 |
| Request for Bank Statement | $20 |
| Checkbook Charge (depends on number and style of checks ordered) | $25 |
| Investigation Charge (simple) | $20 |
| Investigation Charge (complex) | $40 |
| PNB Time Deposit | |
| Request for Certification of Deposit Account Balance/s | $10 |
Frequently Asked Questions
Inactive accounts will become dormant if there is no deposit or withdrawal transactions within a period of time.
| PNB Savings Account | 2 years from initial date of inactivity | |
| PNB Checking Account | 1 year from initial date of inactivity | |
| PNB Time Deposit | 6 months after maturity date of the deposit | |
You can fill these out once you visit the branch to open an account.