Opening an RCBC checking account is perchance the best way in investing in your dream car, loan for the house that you’ve been dreaming the most, have the hassle-free and easy travel and save money while working abroad. Also RCBC online banking aims to reach out to our hard working OFWs from all over the world.

First things first- What is a checking account? A checking account can:

  • Give easy access to a customer’s money in case it is needed for daily transactional needs and always keep the customer’s amount of cash secured in the checking account, just like with RCBC checking account with atm. Customers can use a debit card or checks to make purchases or pay bills.
  • Will serve as a deposit account for customers held at a financial institution that will allow its users to do withdrawals and deposits. Better known as demand accounts or transactional accounts, checking accounts are ideal to use since it is liquid and can be accessed using checks, automated teller machines and electronic debits and recorded on passbooks.
  • Let consumers can set up checking accounts at various bank branches near their places or do it through a financial institution’s website. Customers can access their funds through writing checks (e.g. RCBC check) or use electronic debit, credit/bank cards connected to their accounts.

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What are the types of RCBC checking account?

Note that the PDIC coverage maximum deposit insurance for each depositor is ₱500, 000.00.

Type of Checking AccountRegular Checking Account with InterestDragon Peso Checking AccountSuper Value Checking AccountRegular Checking Account
Fund AccessOver-the-Counter

RCBC Enterprise Banking Checkbook

Over-the-counter

RCBC Enterprise Banking Checkbook

Over-The-Counter

RCBC Enterprise Banking Checkbook

Over-The-Counter

RCBC Enterprise Banking Checkbook

Minimum RCBC Open Account Fee (Initial Deposit)₱ 50,000.00₱ 100,000.00₱ 50,000.00₱ 10,000.00
Minimum Balance Requirement₱ 50,000.00₱ 100,000.00₱ 50,000.00₱ 10,000.00
Minimum Balance to Earn Interest₱ 50,000.00₱ 100,000.00₱ 100,000.00
Interest Rate0.15%1. 25,000 to Below 50,000- 0.000%
2. 50,000 to Below 100,000-  0.150%
3. 100,000 to Below 500,000- 0.175%
4. 500,000 to Below 1,000,000- 0.250%
5. 1,000,000 to Below 2,500,000-0.300%
6. 2,500,000 to Below 5,000,000-0.400%
7. 5,000,000 to Below 10,000,000-0.450%
8. 10,000,000 and above- 0.5000%
100,000 to < 500,000       0.1500%
500,000 to < 1,000,000    0.2125%
1,000,000 and above       0.2240%

 

What are the RCBC new checking account requirements?

Here is the successful step to guarantee your checking account applications.

You should at least bring two (2) valid photo-bearing government issued identification card. These identification cards could be any of the following;

  • Passport
  • School ID (accepted for students; require additional valid ID for other clients)
  • Driver’s License
  • Professional Regulations Commission (PRC) ID
  • National Bureau of Investigation (NBI) clearance
  • Police Clearance
  • Voter’s ID
  • Government Services and Insurance System (GSIS) e-Card
  • Social Security System (SSS) Card
  • Philippines’ Unified Multi Purpose ID
  • Senior Citizen Card
  • Philhealth Health Insurance Card ng Bayan
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Government Office, Government Political Subdivisions/Instrumentalities, and Government-owned and/or Controlled Corporations (GOCCs) issued IDs [e.g., Armed Forces of the Philippines and Home Development Mutual Fund (HDMF) ID]
  • ID issued from the National Council on Disability Affairs (NCDA)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID

Can I renew or re-activate my closed checking Account in RCBC?

Unless either terminated or cancelled, the card shall be valid up to the last day of the month indicated thereon. The renewal of the card shall be at the customer’s sole discretion. If the card is not renewed, the whole obligation becomes immediately due and demandable.

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