Requirements for Opening a New Account

Reminder:  All documents submitted must be certified as true copy by the partnership secretary/corporate secretary.  If plain photocopies are submitted, the original documents must be presented for comparison and notation that the copy was verified against the original must appear on the document file.

Personal / Individual Accounts

  • Properly filled out application form and signature cards
  • Two (2) latest 1x1 or 2x2 ID Pictures
  • Photocopy (front & back) of atleast two (2) valid primary ID (Driver's License, PRC, Passport, Company ID, SSS).
  • Utility Bills (Meralco, Credit Card/Bank Statement) or any document showing permanent address.

Single Proprietorship

  • Application papers with the DTI
  • Registration of Business Name with the Department of Trade and Industry
  • Business License or Mayor's Permit
  • Certified true copy of Alien Certificate of Registration (ACR) if the proprietor is alien.
  • Valid photo-bearing ID of the authorized signatory issued by the Government of the Republic of the Philippines
  • Latest two (2) 1"x1" or 2"x2" ID pictures

Corporate Accounts

  • Identification of the Corporate Secretary and the Signatories ((two (2) latest (1x1) ID Picture, photocopy of two (2) valid ID's bearing signature per signatory (back & front))
  • Articles of Incorporation and Corporate By-Laws with the corresponding Certificate of Registration with SEC including amendments, revisions, additions and changes thereof;
  • Board Resolution and Notarized Secretary's Certificate of such resolution designating PPSB as depository bank and the names of officers, indicating their respective specimen signature, authorized to sign for and in behalf of the corporation.
  • Notarized Secretary Certificate on Board Director's election of the current year's incumbent corporate officers.
  • Certified true copy of General Information Sheet (GIS)
  • For foreign Corporation, certified true copy of License to do Business in the Philippines issued by the SEC.

Partnership

  • Certificate of Registration with SEC
  • Articles of Co-Partnership
  • Original copy of Partnership Board Resolution to Open an Account
  • Valid photo-bearing ID of the authorized signatory
  • Latest two (2) 1"x1" or 2"x2" ID pictures

Association / Unincorporated Accounts

  • Articles of Association
  • Constitution and/or by-Laws
  • Original copy of Secretary's Certificate showing the names, position and specimen signatures of the incumbent officer and members of the Board of Directors
  • Valid photo-bearing ID of the authorized signatory
  • Latest two (2) 1"x1" or 2"x2" ID pictures.

Local Government Unit Accounts

  • Original copy of Sangguniang Resolution indicating PPSB as depository bank and the list of officials showing the names, position and specimen signatures authorized to sign for on behalf of the LGU.
  • Official Appointment of Authorized Signatory
  • Valid photo-bearing ID of the authorized signatory
  • Latest two (2) 1"x1" or 2"x2" ID pictures
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