Every day, there are many Filipinos going abroad to work. Their primary reason is to help their families satisfy their growing needs. Eventually, our economy is benefiting through their remittances that benefits the nation’s development. Banks’ services have been advancing all over the years. Philippine National Bank is one of the pioneered banks that provides remittance services to our OFWs. Working abroad seems to be working at the same nation thru the connection of remittance services that are offered by PNB.

There are several types of PNB Savings Accounts that an OFW can open. In this way, they can monitor their deposit accounts, track their remittances and do series of transactions online like paying your bills and online account modification.

Types of PNB Savings Accounts

OFW Savings Account

  • Zero opening and maintaining balance
  • Earns interest for balances of P10,0000 or $500 and up
  • Save while abroad
  • 24/7 access thru PNB, Megalink, BancNet and ExpressNet ATMs nationwide
ProductRegularOFW & Beneficiary
Dollar Passbook$ 500.00$ 0.00
Peso Passbook₱ 10,000.00₱ 0.00
Peso ATMPhp 3,000.00Php 0.00

How To open Dollar Account in Philippine National Bank

Opening Requirements

  • 2 photo-bearing government issued IDs (e.g., driver’s license, SSS/ GSIS ID, voter’s ID, PRC license, passport for OFWs)
  • 2 ID pictures (1×1 or 2×2)
  • Accomplished Client Information Form, Account Information Form, Signature Card and Conditions Form
  • Required Initial Deposit: depending on the savings account you will apply for (please see the table above for the reference)

Aside from the first account, you can also take advantage the deposit accounts offered in foreign currencies. These are the following:

  1. Dollar Savings Account
  2. PNB Greencheck Account

(Note: You can inquire/apply not only in the Philippines, but also abroad. For the lists of overseas branches on how to open a Dollar Savings Account, all of the branches in USA are located in North America, nevertheless, an OFW can open Dollar Savings Account not only in the US, please refer to the PNB_Overseas_Directory.pdf for all other international branches under the Global Directory section of www.pnb.com.ph. OFWs can also download forms from the PNB Quick Tools)

1 Dollar Savings Account

PNB Dollar Savings Account is an interest-bearing dollar deposit account wherein transactions are recorded in a passbook.

Product Features:

  • Interest-earning account
  • Monitor account by updating the passbook
  • Deposit/Withdraw at PNB’s extensive local branches and international affiliates
  • ADB must be $ 1,000.00 to earn interest

Opening Requirements:

  • 2 photo-bearing government issued IDs (e.g., driver’s license, SSS/ GSIS ID, voter’s ID, PRC license, passport for OFWs)
  • 2 ID pictures (1×1 or 2×2)
  • Accomplished Client Information Form, Account Information Form, Signature Card and Conditions Form
  • Required Initial Deposit: $ 500.00

Balance Requirement

Initial Deposit 
$ 500.00
Minimum Maintaining Balance$ 500.00
Minimum ADB to Earn Interest$ 1,000.00
Interest Rate0.100% p.a

2. PNB Greencheck

This is a type of deposit account that is a non-interest earning dollar checking deposit account that works like a US-based checking account.

Product Features:

  • Non-interest earning account
  • Pay bills or directly send payments to foreign countries
  • Enjoy the convenience of using a personal check.

Opening Requirements:

  • 2 photo-bearing government issued IDs (e.g., driver’s license, SSS/ GSIS ID, voter’s ID, PRC license, passport for OFWs)
  • 2 ID pictures (1×1 or 2×2)
  • Accomplished Client Information Form, Account Information Form, Signature Card and Conditions Form
  • Required Initial Deposit: $ 2,000.00

Balance Requirement

Initial Deposit$ 2,000.00
Minimum Maintaining Balance$ 2,000.00
Minimum ADB to Earn Interestn.a.
Interest Raten.a.
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