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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:
- BPI Express Online
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You cannot get a bank account on a tourist visa. You need an ICR.
It might depend on the bank.
I was on a tourist visa, and opened a bank account with PSB. The Security Bank would not allow me to open one though.
Regarding the ACR card; it is compulsory for a tourist visa holder to get an ACR-I card after 2 months in the country.
I agree that an ACR card is needed for a bank account, but a tourist visa holder with ACR card, like myself, can get a bank account.