With the Solo Basic Savings Account, anyone can enjoy the convenience and security of growing hard-earned savings in the bank. By just presenting one valid ID and depositing a minimum of Php100, anybody can now have their own Solo Basic Savings Account.
The bank account can progress to a regular Solo Savings Account if the balance reaches Php50,000. In addition, account holders can easily monitor their transactions through their own passbook, ATM and by enrolling to Sterling Bank Online.
Opening Balance Requirement
Minimum ADB Requirement
Interest Earning Balance
Over-the-counter transactions, Sterling Bank Online
* for accounts opened via online, access through ATM and Sterling Bank Online only
1. Filipino Citizen
2. At least 18 years old
3. With NO bank account yet (unserved and underserved individuals*)
*Unserved are individuals who do not use banks or credit unions for their financial transactions. Underserved are individuals who are provided with inadequate financial services due to inability to pay or have barriers to access these services.
How to open an account online?
a. Fill-out the Online Form
b. Upload selfie/ ID and signature
c. Approval on the next banking day, within banking hours
For Solo Basic Savings Account opened via online -- valid ID, selfie and e-signature are required to be submitted to facilitate the application. It is also mandatory to fund the account with at least Php100 within 30 days from approval to avoid account closure.
List of acceptable IDs
Passport including those issued by foreign governments
Professional Regulation Commission (PRC) ID
Taxpayer Identification Number (TIN)
Government Service Insurance System (GSIS) e-Card
Social Security System (SSS) card
Senior Citizen card
Overseas Workers Welfare Administration (OWWA) ID
Overseas Filipino Worker (OFW) ID
Government office and Government-owned and Controlled Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs)
ID issued by the National Council on Disability Affairs
Integrated Bar of the Philippines (IBP) ID
Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC) or Insurance Commission (IC)
PhilHealth Health Insurance Card ng Bayan
National Bureau of Investigation (NBI) Clearance
Alien Certificate of Registration / Immigrant Certificate of Registration
Department of Social Welfare and Development (DSWD) Certification
Professional ID cards issued by Maritime Industry Authority (MARINA)
Tricycle Operators and Drivers' Association (TODA) ID
Village ID/Certification or Barangay Clearance/Certification signed by the Barangay Chairman/Captain with the following details:
• Client’s full name, including alias/ nickname used as known to the household, community/barangay;
• Number of months/years of residency in the community/barangay or employment;
• Employer’s complete name (for clients working as household helpers, store helpers, sales clerks/attendants, crew);
• Business name and address including stall numbers (for those clients with unregistered business such as sari-sari stores, market and street vendors, and business name of employer of the store/business helpers, sales clerks/attendants, crew).