Solo Basic Savings Account | Sterling Bank of Asia

Solo Basic Savings Account

Php100 lang may bank account ka na!

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Sa Solo Basic Savings Account maaari ka nang magsimulang mag-ipon ng pera na iyong pinaghirapan. Ipakita lamang ang isang valid ID at mag-deposit ng Php100 upang makapagbukas ng bank account.

Madali mo rin mamo-monitor ang balance ng iyong account sa pamamagitan ng passbook, ATM card at pag-enrol sa Sterling Bank Online.

Paalala: Ang iyong Solo Basic Savings Account ay magiging Regular Savings Account kapag umabot sa Php50,000 o higit pa ang iyong ipon sa loob ng iyong Solo Basic Savings Account.

Opening Balance Requirement

Php100.00

Minimum ADB Requirement

None

Interest Earning Balance

Php2,000.00

Interest Crediting

Monthly

Interest Rate

0.50% P.A.

Account Access

Over-the-counter transactions, Sterling Bank Online

* for accounts opened via online, access through ATM and Sterling Bank Online only

Mga alituntunin sa pag-apply ng savings account:

1. Ikaw ay isang Filipino Citizen
2. Hindi bababa sa 18 taon ang iyong edad
3. Ikaw ay wala pang bank account (unserved & underserved*)

*Unserved individuals ay ang mga taong hindi gumagamit ng bangko o credit union para sa kanilang mga pang-pinansyal na transaksyon. Samantala, ang underserved individuals ay mga taong hindi nabibigyan ng sapat na serbisyong pinansyal dahil sa kawalan ng kakayahang magbayad o mag-access ng mga produktong pinansyal.

Paano mag-open ng savings account online?

a. Sagutan ang Online Form

b. Mag-upload ng selfie, ID at signature/pirma

c. Antayin ang approval sa susunod na banking day, sa loob ng banking hours

Paalala: Para sa Solo Basic Savings Account online application – kailangang magpasa ng valid ID, selfie at signature/pirma upang mapadali ang pag-proseso ng iyong application. Kinakailangan ding mag-deposito nang hindi bababa sa Php100 sa loob ng 30 araw mula nang ma-approve ang iyong bank account upang manatili itong “active”.

List of Acceptable IDs

1. Passport

2. Driver's license

3. Professional Regulation Commission (PRC) ID

4. National Bureau of Investigation (NBI) Clearance

5. Police Clearance

6. Postal ID

7. Voter’s ID

8. Taxpayer Identification Number (TIN) ID

9. Barangay Certification

10. Government Service Insurance System (GSIS) e-Card/Unified Multi-Purpose ID (UMID)

11. Social Security System (SSS) ID

12. Senior Citizen ID Card

13. Overseas Workers Welfare Administration (OWWA) ID

14. OFW ID

15. Seaman’s Book

16. Alien Certification of Registration/Immigrant Certificate of Registration/Special Investor’s Resident Visa (SIRV)/Special Resident Retiree’s Visa (SRRV)

17. Government Office and GOCC ID (e.g. Armed forces of the Philippines (AFP), Home Development Mutual Fund (HDMF ID))

18. ID issued by National Council on Disability Affairs (NCDA)

19. Department of Social Welfare and Development (DSWD) Certification

20. Integrated Bar of the Philippines (IBP) ID

21. Company IDs

22. School ID signed by the principal or head of the institution (For Filipino Students only)

23. PhilHealth Health Insurance Card ng Bayan

24. Birth Certificate issued by the Philippine Statistics Authority (PSA)

25. Philippine Identification (PhilSys ID/Philippine ID (PhilID)/National ID)

26. Philippine Identification System (PhilSys) Digital ID and Printed e-Philippine Identification (ePhilID)

27. Other IDs

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
- Complete residence address (number, street, interior)
- 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)

Updated as of March 10, 2023

Solo Basic Savings Account Comparison

	Account Opening at the Branch	Account Opening through the Website
Eligibility	With NO bank accounts yet (unserved and underserved Filipino 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.
Application	Customer needs to visit the branch to open an account.	Customer just needs to perform the following: 1. Fill out the online account opening form. 2. Upload/submit a selfie with the ID, front/ back view of the ID, and a photo of the signature.
Opening Balance Requirement	Php100	Php100; It is also mandatory to fund the account with at least Php100 within 30 days from approval to avoid account closure
Automatic Account Closure	None	If the account balance is not Php100 within 30 days from account opening
Required Minimum ADB Requirement (not get charged by the below minimum ADB Service Charge)	None	None
Maximum Balance	Php50,000; If, at any point in time, the account balance exceeds Php50,000, the account shall be automatically converted to Solo Savings Account (subject to Php5,000 minimum ADB, below minimum ADB Service Charge and dormancy fee)
Interest Earning Balance	Php2,000	Php2,000
Interest Rate	0.50%	0.50%
Maintenance Fee	None	None
Dormancy Fee	None	None
Account Access	Passbook ATM card POS terminal Sterling Bank Online BancNet Online Branch (over-the counter)	ATM card only (Subject to the requirement that the account must have at least a balance of Php100 upon card application.) POS terminal Sterling Bank Online BancNet Online Branch (over-the counter)
	Book an Appointment	Open an Account

Deposit Rates Comparison

As of November 29, 2019

Open a Solo Basic Savings Account

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