Invest with Confidence

The requirements to open a bank account are two valid government IDs and two pieces of a recent 1x1 picture. Alien Certificate of Registration is required for foreign nationals.

Primary ID’s 
 

• Philippine Identification System (National ID)
• Philippine Passport
• PhilHealth ID
• Driver's License
• SSS or UMID/GSISID
• Postal ID
• Philippines Regulation Commission (PRC) ID
• Integrated Bar of the Philippines (IBP) ID
• Diplomat ID-Philippine Embassy
• Overseas Workers Welfare Administration (OWWA)ID/OFWID
• Senior Citizen ID

Secondary ID’s 
 

• NBI Clearance
• Voter’s ID
• PWD ID
• Student ID (photo bearing, signed by the principal or head of the school) or Form 137 for students
• Police Clearance
• Barangay Clearance

For Regular Savings Deposit, the client will earn 3% interest rate per annum.
Demand Deposit is a non-interest-bearing deposit.
For Time Deposit accounts the interest rate will depend on the amount of deposit placement and with the chosen term. Please see the following interest rates below.

Deposit amount — ₱50,000.00 to ₱999,999.99
6 months — 6%
9 months — 6%
12 months — 6%
24 to 36 months — 6%

Deposit amount — ₱1,000,000.00 to ₱50,000,000.00
6 months — 6%
9 months — 6%
12 months — 6%
24 to 36 months — 6.5%

• Maintenance - Free
• Overdraft Charges - ₱2,200
• Stop Payment Order Charge - ₱2,200
• Checkbook - Balance below ₱500K - ₱500, balance ₱500K and higher - free
• Dormancy Fee - ₱30 after five (5) years after the last activity
• Issuance of Bank Statements - Free
• Certification of Deposit - Free
• Tax - 20% withholding tax for matured time deposit accounts
• Documentary Stamp Tax – For termination of accounts

Every client can open an account in Rural Bank of Sta. Rosa (Laguna), Inc. Head office located in F. Gomez St., Barangay Malusak, City of Sta. Rosa, Laguna; and in Bacoor branch located at Evangelista St., Barangay Daang Bukid, Bacoor City, Cavite.

For clients in Metro Manila or other areas, the relationship manager or sales officer will meet the customer at the official address declared in the Account Opening Document — either their employment/business address or residence address. Our relationship manager or sales officer will meet with you and assist you throughout the process.

Yes, deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to ₱1 Million per depositor.

Accounts in Trust of Fiduciary:  
a. In-Trust-For — accounts opened by the parent or guardian on behalf of a minor  
 

• Two (2) acceptable IDs of the individual/s opening the account
• Two (2) pieces of recent 1x1 pictures
• Guardian, agent, nominee, trustee, executor or authorized signatory/ies.
• Birth Certificate of Minor

b. For-The-Account-Of —accounts opened on behalf of an entity or an individual other than a minor  
 

• Two (2) acceptable IDs of the individual/s opening the account
• Two (2) pieces of recent 1x1 pictures
• Guardian, agent, nominee, trustee, executor or authorized signatory/ies
• Notarized Special Power of Attorney
• Documents evidencing the relationship and/or agreement of the depositor/principal with the agent/nominee

c. Estate  
 

• Two (2) acceptable IDs of the individual/s opening the account
• Two (2) pieces of recent 1x1 pictures
• Guardian, agent, nominee, trustee, executor or authorized signatory/ies.
• Death Certificate
• Court order or testamentary will

Sole Proprietorship — Certificate of Registration of Business Name approve by the Department of Trade  
 

• Affidavit of Application of Business Name or DTI Certificate
• Business or Mayor’s Permit
• Two (2) acceptable IDs of the individual opening of the account
• Two (2) pieces each of recent 1x1 pictures of authorized signatories

Partnership Account — Articles of Partnership with Certificate of Registration with the SEC.  
 

• Certificate of Registration of Trade Name approve by the Department of Trade
• Affidavit of Application of Business Name
• Agreement authorizing one or some of the Partners to manage the account where such partner is not named in the Articles of Partnership
• Two (2) acceptable IDs of the authorized signatories opening the account
• Two (2) pieces each of recent 1x1 pictures of authorized signatories
• General Information Sheet or List of Directors/Partners and Key Officers
• Resolution to open a deposit account with the bank (for foreign entity and it must be authenticated by the Philippine Consul).
• Resolution designating the authorized signatories (for foreign entity and it must be authenticated by the Philippine Consul).
• Partnership Agreement

Corporate Accounts  
 

• By-laws with the SEC Certificate of Filing
• Board Resolution authorizing the opening of the account
• Board Resolution designating the authorized signatories for the account
• Corporate Secretary’s Certification of Elected Officers
• Two (2) pieces each of recent 1x1 pictures of authorized signatories
• Two (2) acceptable IDs of the authorized signatories opening the account
• General Information Sheet
• License to do business in the Philippines or Certificate of Exemption, if foreign entity

Registered Association / Groups / Cooperatives / Foundations  
 

• Co-Partnership, By-laws and Articles of Incorporation with the SEC Certificate of Filing (for foreign entity it must be authenticated by the Philippine Consul)
• General Information Sheet or List of Directors/Partners and Key Officers
• Board Resolution authorizing the opening of the account
• Board Resolution designating the authorized signatories for the account
• Corporate Secretary’s Certification of Elected Officers
• Two (2) pieces each of recent 1x1 pictures of authorized signatories Two (2) acceptable IDs of the authorized signatories opening the account

Unregistered Association / Groups / Cooperatives / Foundations  
 

• Two (2) pieces each of recent 1x1 pictures of authorized signatories
• Two (2) acceptable IDs of the authorized signatories opening the account
• Documents evidencing the existence of the unregistered entity.
• List of Members
• Resolution to open a deposit account with the bank (for foreign entity it must be authenticated by the Philippine Consul)
• Resolution designating the authorized signatories (for foreign entity it must be authenticated by the Philippine Consul)

All interest earnings will be subject to 20% withholding tax. Please refer to the sample computation below for Time Deposit Accounts on a 12-month term.

Your interest will be paid as a lump sum at the end of the Time Deposit term which for this example, will be paid at the end of the 12-month term.

Deposit Amount – ₱600,000
    •    Interest Earned (6%): ₱36,000
    •    Net Interest (after 20% tax): ₱28,800

Deposit Amount – ₱1,000,000
    •    Interest Earned (6%): ₱60,000
    •    Net Interest (after 20% tax): ₱48,000

Deposit Amount – ₱2,000,000
    •    Interest Earned (6%): ₱120,000
    •    Net Interest (after 20% tax): ₱96,000