Nov 10 2014

Bank Account in the Philippines for a Foreigner

How can a Foreigner get a Bank Account in the Philippines?

Some Philippine Banks do not open Bank Accounts for Tourist Visa holders, but some do.

Requirements may be different at each bank, but all will need at least:

  • Two valid photo IDs (EG: Passport, Driver’s License, ACR-I card).
  • 2 copies of 2″x2″ Passport type Photo.
  • Proof of address in the Philippines. (EG: Condo Rent statement)
  • ACR I-Card.

Which Philippine Banks will open accounts for Tourist Visa Holders?

I can say that these TWO banks will, as I did open accounts with them while on a tourist Visa.

  • PSBank (This has more branches)
  • Allied Savings Bank

Other Banks that I have read that will open accounts for Tourist Visa Holders:

  • RCBC
  • BDO
  • BPI Express Online
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