Advertisement
SEARCH THIS SITE
JBSOLIS is a site for overseas Filipino workers, health and insurances, OWWA, PAG-IBIG, bank and cash loans, foreclosed properties, small house designs, local and overseas job listings.

Monday, February 12, 2018

This Savings Bank Offers Free Opening Account and Free Accident Insurance

This bank offers to open savings account for your kids without the initial deposit, called Kiddie and Teen Savings Program and if you maintain at least P1,000 balance in his or her account, your child will have a free family life insurance, personal insurance and accident insurance. This insurance offers will be expounded below. 
In a world full of material things, it is really important to teach our children on how to save money. Saving in piggybank has been a tradition in the Philippines, but we can level this up by opening a savings account for our children and encourage them to save until they grow up. Eventually, the money they saved in the bank can be used in their college education or as a start-up capital for a small business.   If you are interested in opening a savings account for your kids PS bank offers Kiddie and Teen Savings Account where clients can open an individual, joint or In Trust For (ITF) accounts for their children's savings. This could be the best account to save money for your children. We all know that PS Bank is one of the best banks to open savings account for kids.
In a world full of material things, it is really important to teach our children on how to save money. Saving in piggybank has been a tradition in the Philippines, but we can level this up by opening a savings account for our children and encourage them to save until they grow up. Eventually, the money they saved in the bank can be used in their college education or as a start-up capital for a small business.

If you are interested in opening a savings account for your kids PS bank offers Kiddie and Teen Savings Account where clients can open an individual, joint or In Trust For (ITF) accounts for their children's savings. This could be the best account to save money for your children. We all know that PS Bank is one of the best banks to open savings account for kids.
Advertisements



You can choose the following;

PSBank Kiddie Savers Account — 0 to 12 years old
PSBank Teen Savers Account — 13 to 18 years old

Here are the benefits;

1. Free personal accident insurance

The PSBank Kiddie and Teen Savers Account come with a free personal accident insurance from Charter Ping An Insurance Corporation which is equivalent to five times (5x) the monthly average daily balance. This means that the child or teen is insured against accidental death or disability up to a maximum of PhP500,000 for those who are 0-7 years old and up to an aggregate limit of PhP5 million for those who are more than 7 years old but not more than 18 years old. To claim the insurance, the account has to be active and should have a monthly average daily balance of at least PhP1,000 during the time of the accident.

2. Saving is easy and affordable.

There’s no initial deposit or maintaining balance and the account earns interest regardless of the balance.
3. Easy access to funds.

In case, you choose to open a Passbook and ATM, he/she can request for a PSBank Debit Mastercard and can use this to conveniently withdraw cash in any PSBank ATM nationwide or through BancNet and Mastercard ATMs.

4. Banking made easy.

Enroll in PSBank Online and PSBank Mobile, the Bank's secure and convenient electronic banking facilities, to be able to check your account balances and perform other banking transactions anytime, anywhere.

Sponsored Links


WHAT ARE THE REQUIREMENTS?

  • Completely filled-out bank forms:

Customer Information Sheet (CIS) for Individual Clients

Signature Card

Signing Instructions and Acknowledgement of Receipt Form



— Fully accomplished Interbank Fund Transfer (IBFT) Enrollment form if parents and guardians want to avail of automatic intra-bank fund transfer service



— Quit Claim / Waiver signed by the parent or guardian (only for PSBank Kiddie Savers and Teen Savers Accounts with PSBank Debit Mastercard)
  • Additional requirements for legal guardians opening an ITF account:
Customer Information Sheet (CIS) for Beneficiaries and Beneficial Owners
A Court Order is required as proof of authority to open and operate an ITF account on behalf of the ward/s
  • Valid IDs
Parents / Legal Guardians:
— At least (1) primary ID or (2) valid secondary IDs, one of which with photo and signature

Child/ren or Ward/s
— Birth Certificate issued by the NSO or Certified True Copy issued by the Local Civil Registrar
— Passport or School ID (photo bearing duly signed by the principal or head of the school)

Note: Kids/teens from 7-17 years old should be accompanied by his parent(s) or legal guardian/s during account opening.

Sponsored Links

Disclaimer: This is not a sponsored post and JBsolis.com is not affiliated with the PSBank. All information in this article is taken from the bank's website for general purposes only. An transaction you entered with the bank is at your own risk and account.

SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below