Ever wonder how checking accounts can save your money? Checking account is a transactional deposit account that you can use for unrestricted deposit, post dated check (PDC) and withdrawal of funds. Most banking institutions offer no fee for these accounts that make checking account a good way for someone to manage and check his/her money.
Also through checking accounts, you can pay your monthly bills, have a remittance of money, and have a debit card that can be used for buying several things, from online to physical transactions.
Philippine National Bank (PNB) is considered one of the banks that offers the cheapest way of opening checking accounts in the Philippines. So to all Filipino overseas working very hard and wanting to make sure that while abroad all your money are saved up safely, having a checking account aside from savings account is the best solution. And worry no more because you can create a PNB bank account online by just going through their official website www.pnb.com.ph.
How to open a checking account at PNB?
You can either open a budget checking account or a regular checking account at PNB.
PNB Budget Checking Account
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Maintaining Balance Requirement
Other charges
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Note: The PNB Budget Checking Account is available at all PNB bank branches nationwide.
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Maintaining Balance Requirement
Other charges
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Note: The PNB Regular Checking Account is available at all PNB bank branches nationwide.
How to close PNB checking account?
PNB at its exclusive option, close the account upon thirty (30) days prior written notice to Depositor, in any of the following cases:
(b) Depositor’s failure to maintain the minimum daily balance for three consecutive calendar months; or
(c) Depositor’s ‘kiting’ operations or repeated issuance of checks against uncollected deposits without prior clearance or arrangement, and;
(d) Bank’s receipt of adverse credit report or finding regarding Depositor, or Depositor’s abuse or improper handling of the account.
The Depositor may request closure of the account any time provided that such closure shall be effected by the bank only after all checks drawn by the depositor against the Account and unissued checks shall have been accounted for to the satisfaction of the bank.
- All credit balance in the account shall be transferred to the Depositor by way of Manager’s or Cashier’s check.
- The bank will send a monthly-itemized statement of account together with all cancelled checks.
Hi! Do you need to have a savings account first in PNB before you can actually open a checking account? Thanks!
No you can open current or checking account with savings account.
Sorry, is that a ‘no’ you can open a checking account even without a savings or a ‘no’ you cannot open unless you have a savings account?
Hi Shai you can open checking account account even without savings account
usually no… but, if you need the checking account for buying property, they will allow but would need you to provide endorsement letter from property developer.
what are the requirement in opening of checking account for an Association/ Cooperative
hi! is it possible to use postal id and philhealth id for opening a checking account?
Hello! Can I open checking account in PNB HONGKONG?
Hi. Ang alam ko may note sila sa website ng pnb na dapat may existing savings acct for at least 6months bago ka mag open ng chexking account