September 13, 2011

Bank Account, Part II

How  to open an account, PBI:

First go to Metrobank office. Show your passport. They might ask why you need an account if you are a tourist? Just say that you are planning to stay here at least several months. So it will cheaper to use local bank ATM card services compared Visa credit card services. You need one photo of yourself and if you are a nice person,  you already have a photocopy of your passport.Open, at least, an account with ATM card and Internet banking services. For ATM card, you need to make P2000 initial deposit.
You need to fill number of documents, just be patient, and if in a doubt, just ask advices how to fill them correctly.  I got an impression that you need to have Philippines home address. A leased flat, condominium or house is enough.

ATM card should be ready 20th day. Internet banking username should come via email before the end of the week. You will got an initial password in a sealed envelope to go.

Be sure that your signature looks same as in your passport.
They will ask 3 possible usernames, the bank will choose the one to use.

Second, do not go BPI, it was too difficult for me. Have to say, maybe it was just because the branch office I was using. Who knows, but I don't care.

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