EastWest Bank Regular Savings Account with Debit Card + more info. Deposit Amount ₱ 2,000. EastWest Bank Passbook + Debit Card + more info. Deposit Amount ₱ 25,000. Equicom Savings Bank Passbook Savings Account. An interest bearing savings deposit account that has both a passbook and a debit card, allowing consumers to have their transactions documented in a passbook while enjoying the advantages. EastWest Bank Personal Banking - EastWestBanker.com Please wait while. EastWest Online.

Eastwest Bank (EWB) is one of the newer banks that have become prominent in the market in recent years. With its aggressive expansion efforts, EWB has positioned itself among the top 10 largest universal banks (in terms of assets) in the Philippines.

For the reasons mentioned, many individuals and businesses have started to transfer to EWB and have enjoyed their banking and financial services over the years. If you are interested to know more about EastWest Banks’s services and financial tools offered, continue to read…

In this post we will outline the requirements and simple steps on how to apply for a Regular ATM Savings Account with EastWest Bank. Here’s how:

Image Credit: EastWest Bank FB Page

Applying for an EastWest Bank ATM Savings Account

Opening a Regular ATM Savings Account with EastWest Bank entails the following perks and services for their members:

• Initial deposit and minimum maintaining balance of only Php 2,000.00
• Minimum Average Daily Balance (ADB) of Php 10,000.00 to earn interest
• 125% annual interest rate
• Documentation: Debit card and electronic statements
• Easy fund access via over-the-counter banking, Philippine ATMs, Visa-partner (physical and online) merchants worldwide, as well as EastWest Online Banking.

Basic Requirements:

• An original and clear photocopy of any of the following government-issued photographed IDs:
  • Passport
  • PRC License
  • Driver’s License
  • Voter’s ID
  • Company ID / Student ID
  • SSS / GSIS ID
  • OFW ID
  • OWWA Card
  • Senior Citizen’s ID
  • And so on…
• Two (2) copies of either 1×1 or 2×2-sized recent photograph
• Your Tax Identification Number (TIN), ad other similar information to be used for filling out your application form
• Any proof of billing/ utility bills (e.g. electricity, water, landline/internet or credit card bills)

Procedures:

1. Visit your preferred Eastwest Bank branch and proceed to the New Accounts Section.
2. Request assistance from the bank officer on how to open a Regular ATM Savings Account. You will be provided with a set of forms that you need to fill out to begin our application process. Make sure that all the information you provide on these forms is accurate and correct.
3. After you have completely filled out your application forms, provide the required documents listed above for verification and processing of your application.
4. Pay the initial deposit fee for the regular savings account as specified in the above account features/services. Keep the deposit slip for the collection of your ATM/Debit Card. Availing for an ATM/Debit Savings account would require applicants to wait for a week before collecting their documents.

Eastwest Savings Account Requirement

Tip: Just make sure to ask for the bank officer’s contact details so you can contact him/her regarding the status of your savings account and to confirm if it’s already available for collecting.

[Last updated 19 May 2020] EastWest Bank (Philippines, PSE: EW), also East West Banking Corporation, is the 10^th largest universal bank (in assets) in the Philippines. It operates as a subsidiary of Filinvest Development Corporation (PSE: FDC), one of the country’s leading conglomerates with interests in real estate development, hospitality and tourism, and banking.

With aggressive expansion efforts in the recent years, EastWest Bank has sustained its strong growth momentum and emerged as one of the country’s leading and most trusted partners of Filipino depositors and investors. In 2011, EastWest Bank renewed its brand of excellent client-centered services through a tag line “Your Dream, Our Focus” (source: EastWest Bank official website).

EastWest Bank Deposit Products (Savings)

Eastwest Savings Account

[1] Basic Savings (Initial Deposit: PHP 100.00) is the most affordable interest-earning savings account with an incredibly low initial deposit and maintaining balance requirement offered by EastWest Bank. It comes with a debit card that can be used for over-the-counter transactions at any EastWest Bank servicing branch, ATM withdrawals, EastWest Bank online facility, and Visa-accredited merchants worldwide.

[2] Kiddie Savings (Initial Deposit: PHP 2,000.00) is another interest-earning peso-savings deposit account exclusive for children who enjoy early financial management training. It comes with a passbook, and allows over-the-counter transactions and a fund access via EastWest Bank online facility.

[3] Passbook Savings Account (Initial Deposit: PHP 5,000.00) can be an ideal account type for conservative depositors who keep track of daily transactions with a history record on hand. It allows deposits and withdrawals anytime at any EastWest Bank servicing branch and a fund access via EastWest Bank online facility.

[4] Passbook Savings with Debit Card (Initial Deposit: PHP 10,000.00) comes with a traditional passbook and a Visa debit card that can be used to secure documented transactions while enjoying the benefits and convenience of modern-day banking system.

Eastwest Savings Account Interest Rate

[5] Regular Savings with Debit Card (Initial Deposit: PHP 2,000.00) is an interest-earning savings account that comes with a debit card and can be used to make over-the-counter transactions, local ATMs and Visa Plus ATMS worldwide withdrawals, and online and offline purchases with EastWest Online Visa-accredited and Visa-accepting online merchants.

[6] Super Saver (Initial Deposit: PHP 500,000.00) is a high-end EastWest Bank savings account that comes with a tiered interest rates, hence pays interest in increasingly higher amounts as the account balance increases.

*All EastWest Bank deposit products earn interests at varying rates. You can visit the nearest servicing branch to make inquiries about other deposit products and existing interest rates.

EastWest Bank Account Opening Requirements

Here are the minimum documentary requirements upon opening a savings account with EastWest Bank (requirements may vary depending on deposit accounts and selected servicing branches):

• 2 pieces 1×1 (or 2×2) latest ID pictures
• Tax Identification Number (TIN and other information, for completing forms)
• Original and clear copy of at least one (1) valid photo-bearing identification document issued by an official authority (or better bring all available IDs)
• Required initial deposit
• Proof of Billing

EastWest Bank Account Opening Procedure (5 Easy Steps)

Opening savings and other deposit accounts, along with requirements, can be almost the same across all banks in the Philippines. As what I have experienced with major commercial and universal banks, the usual process comes with a few forms, ID cards and other requirements, and verifiable personal details.

[1] Get Entertained at the New Account Section. As soon as you reach the bank, tell the welcoming guard that you wish to open a savings account. Your transaction will be accommodated at the New Account Section. Your attending bank clerk will brief you about available deposit products (or applicable savings accounts) and the bank rules and regulations in handling deposit accounts.

Eastwest Savings Account With Passbook Requirements

[2] Fill Out Account Opening Forms. After deciding on a deposit product, you will be asked to accomplish a few forms required upon opening a new bank account. Fill them out with accurate details and try to write legibly. At any EastWest Bank branch, the following are the required forms:

• Customer Record Form
• Signature Cards
• Application for ATM Card/Debit Card (if applicable)
• Authorization to Debit (if initial deposit in debited to another account)
• Deposit Slip (for initial deposit required)

[3] Present Your Documentary Requirements. Hand over your prepared account opening requirements to the bank clerk (Check EastWest Bank Account Opening Requirements listed above). Please don’t forget to double-check if the presented IDs are returned to you before leaving the bank to avoid any hassle.

[4] Make Your Initial Deposit and Claim Your Passbook (if applicable). After completing all forms and submitting your requirements, you will be asked to shell out for the required initial deposit. (Check EastWest Bank Deposit Products detailed above). EastWest Bank Passbook Savings with Debit Card, for example, requires an initial deposit of PHP 10,000.00. In most branches, passbooks can be claimed right away after making a deposit.

[5] Come Back After a Week for Your ATM Card/Debit Card (if applicable). If you opted for an account with an ATM/Debit card, you will be advised to come back after a week to claim it. Don’t forget to ask for branch contacts so you could call them first before attempting to claim it. Upon claiming your ATM/Debit card, do the PIN Change right away with the bank machine. Take note that EastWest Bank branches are not as many as those of other commercial and universal banks.

Eastwest Savings Account

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Disclaimer: The author is not directly affiliated with East West Banking Corporation (Philippines) Please take this article as a simple tutorial on how to open a deposit account with EastWest Bank and not a help page for your other concerns and issues with the bank.