First, the product features:
1. Initial Deposit: P100.00
2. Maintaining Balance: P100.00
3. Interest Earning Balance: P500.00
4. Interest Rate: 0.125% p.a
5. Documentation: Electronic Statement
6. Evidenced by a Debit Card
7. Fund Access:
a. Over-The-Counter,
b. Philippine ATMs and Visa Plus ATMs worldwide,
c. EastWest Online
d. Visa-accredited merchants worldwide
e. Visa-accepting online merchants globally
8. Over-the-counter Transaction Fees (Withdrawal, Fund Transfer): P100.00
9. ATM card expiration: 7 years
Now before going to a EastWestBank branch make sure you have these requirements on hand.
a. 2 Valid IDs (Primary and Secondary)
b. 1 Recent 2x2 picture
c. Current Proof of Billing ( Utility bills or credit card statement)
d. TIN/SSS Numbers
e. 100 Pesos as initial deposit
Inform the bank officer that you’re going to open a basic savings account.
Fill up all forms that will be handed to you and likewise submit the accomplished forms to the bank officer.
The bank officer will process the application and will advise when you can pick up the ATM/Debit card usually it will take about 7 to 10 banking days.
After getting your card (it comes with a document bearing your default PIN), it is highly recommended to change your PIN.
Go to any EastWestBank ATM and change it. There's a "Change PIN" press button on the ATM monitor.
For online banking transactions such as account balance inquiry, viewing your transactions and others, you can enroll it to their online banking facility. Go to 'eastwestbanker.com' and follow the signup process.
On your Paypal account under wallet you can now link your EasWestBank account as a bank account or as a card (debit/credit) or in both.
