Eastwest bank basic savings account offers a relatively low initial deposit and convenience to anyone who wish to start saving and budgeting and taking charge of their personal finances. If you want to open a savings account and looking for those who offer low initial deposit and maintaining balance, Eastwest bank basic savings account might be the one for you.
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Previously I shared easy steps on how you can open a BPI easy savers savings account which allows you to open a savings account in BPI with just P200 and NO maintaining balance. Yap, no maintaining balance.
See? There’s really more options if we really want to start saving and budgeting our money. If we really want it, we find ways.
On this short article, I will share easy steps on how to open Eastwest bank basic savings account. Here’s how.
Eastwest bank basic savings account requirements
- Valid ID
- 1×1 or 2×2 picture
- Proof of billing
*New requirement:
- TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)
Steps how to open Eastwest bank basic savings account
1. Go to the nearest Eastwest bank in your area. Advise the bank officer that you’re going to open their basic savings account.
3. Fill up the form and submit it to the bank officer. Make sure to double check all the information.
4. The bank officer will process the application (about 30 minutes or more) and will advise you when you can pick up the ATM/Debit card.
5. That’s it! You are now enrolled to Eastwest bank basic savings account. Come back to the bank on the specified date to pick your card.
After getting your card, you can also enroll it to their online banking facility. We’ll have that tutorials in the future articles.
You may also like.
- BDO Savings account
- BPI Savings account
- BPI Easy saver
- Landbank savings account
- PNB savings account
- Chinabank Savings account
- RCBC savings account
- Comparison of Savings account in the Philippines
- Comparison of Time deposit account in the Philippines
Here’s some additional information about the Eastwest bank basic savings account taken from eastwestbank official website.
I hope this short article helped you and provided you information that can help you about opening an Eastwest bank basic savings account. You can now start tracking your expenses and start budgeting and saving.
If you goal is to grow your money, there are other investment vehicles out there that can give you potential higher returns and interest than savings account can do.
Here are some of them:
- UITF
- Stock market
- Mutual funds
- Treasury bills
- Businesses
Make sure that before you venture into any kind of investments, you have at least basic knowledge how they work. Always remember that investing in yourself is the best investment of all time.
You can increase your financial knowledge by reading more blogs like this or reading books. You can also attend paid seminars to learn more. You can even talk to a registered financial planner for a professional advice.
Again, invest in yourself first.
Until next time. Cheers!
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Thanks for this guide! I have a question though, is there a need to present a TIN No. During the enrollment process? Thanks!
You’re welcome Jean. No need for TIN. 🙂
i am still a student, should I really bring proof of billing, I am not paying of any of our bills?
Yes as far as I know. But it doesn’t need to be under your name. Just make sure it is the same address with your current address. 🙂
The billing address must be under your name. I’ve just checked their eastwood branch. I asked if it could be under the name of my father but they said no and advised me to get a barangay clearance in our area.
Hi, Pwedi po ba mag ask,,, Bakit po EastWest Cagayan de Oro Branch Need TIN # as one of ther requirements for Enrollment process?
Pumunta ako sa EastWest Branch Velez, Street. here in CDO together with my Two Valid ID’s, Two 1×1 or 2×2 Recent picture and Proof of billing,,, And the Bank Lady at the Enrollment Section ask My TIN # & SSS #,,, But i Can only provide to her my SSS #,,, At sabi ko sa kanya na wala akung TIN # at wala din kasing nakalagay sa requirements ng EastWest website nila na kailangan ng TIN # during Enrollment process,,,, And the bank lady told me na kailangan po talaga ng TIN # kapag mag enroll as one of ther requirements… Ayan tuloy hindi pa ako nakapag Open ng Acct sa Bank nila kasi kilangan ng TIN # talaga…. Eh,,,tinatamad pa akung pumunta ng BIR para makapag apply ng TIN# kasi daming taong nakapila huhu!
Eto po yung kanilang Requirements ng EastWest Velez st. Branch Cagayan de Oro City…..
2 – VALID ID
2 – 1X1 OR 2X2 RECENT PICTURE
PROOF OF BILLING
SSS #
TIN #
Pls advce me what to do..? Lahat ba ng Branch ng EASTWEST Bank kailangan talaga ng TIN #. or Hindi…?
At kung hindi lahat ng branch nila need ng TIN #.,,, Saan bang pweding puntahang Branch ng EastWest bank dito sa Cagayan de Oro City ang hindi na mangangailangan ng TIN #. pag magpapa Enroll ako ng Basic Savings Acct.?????
Hoping Someone Can Help me here… Thanks & God bless…!
Hi!
Yes, they need your TIN. I went to Eastwest yesterday, the one located in Makati and they asked for my TIN. I’m planning to open a checking account. I think kahit savings kaylngan din. 🙂
I think almost all banks need TIN #.
actually it was started year 2016 na lahat ng establishment with financing transaction ask for TIN required na ksi siya so kahit saang bank hihingin sya sau so better to apply for TIN
tumatanggap po kau brgy.id?
Misleading. East West does require for you to have a TIN number
Thanks Jim. I just updated the article. When this article was created, TIN is not yet required. But on earlier part of 2016, almost all financial establishments doing financial transactions in the Philippines requires TIN. Even for stock market account. Been so busy for updating old post. Thanks again! 😉
Good afternoon Sir,
Tanong ko lang po.. kasi papunta na po ako sa Eastwest Bank na malapit samin which is Divisoria Branch
Ang meron lang po ako dito ay NBI..POLICE CLEARANCE & ID ..BRGY.CLEARANCE &ID ..TIN ID
PROOF OF BILLING
MAYNILAD & MERALCO
1×1 picture
Makakapag open na po kaya ako ng SAVINGS ACCOUNT (passbook)??
Yes I think that’s allowed. Try and see. Thanks!
Hi ask ko lang po pwede ba proof of billing ko is Proof of billing ng wife ko from her credit card
Hi can I used my wife’s proof of billing in her credit card.
Yes, you can use your wife’s credit card statement as your proof of billing. Just be sure to present an authorization from her. It’s best to call the branch first before applying to be sure that your requirements are complete.
My question aside ng TIN id anu pa yung valid ID, TIN and philhealth ID ang nasakin, but I have SSS form and NBI clearnace
Hello. Want ko po mg open ng savings account sa eastwest bank na malpit sakin. Brgy id. Philhealth ang nbi lang po meron ako mkakapg pa open po kaya ako ng savings acc.thank you
What if ‘yung billing statement is not under my name or parents, kasi hindi ako taga dito at i lived in my aunt house, ano gagawin ko?
you may ask for authorization letter from the owner of the bill statement stating he is allowing you to use his bill statement for bank purposes.
i want to open an acount at east west but i only rent a house i have no proof of billing.
Likewise, im employed at private company.
For valid id .. is postal id okay??
Yes i guess but make sure it is updated. Please bring other ID to make sure. 🙂
Is student license ok for the ID?
Nope.
Hello sir. I was planning to open my own acc sa eastwest bank near BGC, cause i wanted to buy a phone but sabi through cars ang payment. So ang question ko po is, magkano minimum amount para makapagstart or open ng savings and where can I get a Tin Number po?
Aside from that, pwede po bang school ID as a valid ID? And sa Proof of billing is for example Electric Bill?
Is Philhealth I.D acceptable?
Yes i think. 🙂
Can I use this abroad for emergency purposes?
how many IDs need for applying?
Usually 2 valid IDs and billing that state your current address. Thanks!
Just want to ask regarding the requirements. What if he/she dont have any proof of billing. Is there any possible documents to bring?
Any document that shows/prove the applicant’s current address.
Hello. Im still a student. Kailangan pa rin ba magdala ng tin #? When opening an account sa bpi?
is it ok if my billing statement wasn’t under my name?? thanks
Yes! As long as it’s the same with your current address. 🙂
may monthly bawas ba para sa statement of account PRINT ata per month? 100 nakita ko eh. Nagmamadali ako kasi kanina nakalimutan ko etanong.
Kakagaling ko lng sa east west bank sa local area namin. Kelangan nila 2 2×2 ID pics, photo copy of 2 valid IDs, TIN/SSS/BIR, Proof of billing. Sa case ko, SSS # lang ang meron ako so yun lang binigay ko. proof of billing naman nka pangalan sa tatay ko. Hiningan ako ng photocopy ng Birth certificate ko. Buti may extra akong dala. Madaming papeles kelangan e fill up. E fill up nyo lang kelangan kasi for the record lang naman din daw yung info na kukunin. 100 initial deposit. Yun na muna dineposit ko. hehe. For Paypal, verified nanaman paypal ko through union bank (na na expire na) before, so e add ko lang to sa bank list sa paypal at gawing primary bank.
hi. nagawa mo na bang i-link un new card mo as primary sa paypal? how was it? i mean, ok ba un pagcredit nila and alll? i was thinking of getting an additional account kasi for paypal ko din, eon tlaga ang gamit ko ever since for five years e, kahit expired naman nagagamit ko kasi di naman ako gumagawa ng online purchases, daanan lang talaga ng sweldo ko. di ko na nirenew ang eon ko kasi babaguhin ko na naman details, iniisip ko baka magkahassle na pag pinalitan ko na naman, mapending pa sahod ko. thanks 🙂
I never tried that Elaine, sorry. Maybe other readers can share their experience. Thank you.
can i use this account for cheque deposits po?
Not sure Jane, if I’m not mistaken you need to encash that cheque first then deposit the money into the account or open a checking account. 🙂
yes,vyou can use your account for check deposit.
is it ok to povide nbi and police clearance as valid id’s since my cousin doesnt have any id’s available?
I think you can’t. Those IDs are considered supporting ID by most of the banks. But better to check them in the bank itself!
Sir pano po kung nagamit ko rin yung 100 na maintaning balance? Dipo ba ko mag charge kuung sakaling mag deposit ako uli
thank you for this information
i have a question
im just renting a room here mandaluyong
im wondering if how does my proof of billing works like the utility bills is not under my name
what should i present?
It’s ok, they are just need to use that to verify your current address. 🙂
Sir/madam please add that if you go below maintaining they will not close your account but they will deduct 500 pesos per month once you deposit to your account again.
Thanks Karl! As far as I understand, they will continue deducting P500 monthly if your balance fall below maintaining balance. If it reaches 0, I’m thinking it’ll be close.
Hi! I just wanna ask. How much is the processing fee? Is this a one time transaction(provided that you have all your requirements) Or do they let you come back for another day?
No processing fee when openin an account! Process can be done in a day but you may need to come back to get your ATM!
How long it takes to get your ATM card Sir?
hello…. pwde ba to pang remittance? galing france e? help naman po
Yes!
I went to their branch in SJDM, Bulacan a couple of weeks ago, a bank officer has told me that they are only offering the 500 pesos initial deposit, not 100 pesos like what they are advertising on their website. Is that true? Or is this only limited to that branch? Thanks!
Not really sure Jerome. If you have update, kindly share on this blog so we can also update the article. Thanks!
Sakin ung Valid ID ko lng ang tinignan, nung nalaman ata na walking distance lng kami sa branch nila hindi na ko masyado pinaglabas ng proof ng identity ko kht ung billing statement statement namin. Gnun ba un?
May tanong lng ako, hindi ba tlga sila nag-no-notify kapag available na ung ATM card thru email, text or call? Basta kung kelan lng nila sinabing available na punta nlng ako?
As fas as I know, yes Rolan. Thanks!
Hello!
I just wanna ask on the procedure on how I will deposit in Basic Savings Account.
Thanks.
Just go to the Eastwest bank, fillup deposit slip form and give it to the teller. Thanks!
thanks a lot! 😉
thanks a lot! because I don’t see the requirements info in their website 🙂
Hi, this account can be used to withdraw Paypal balance, right? How much ang charge ng Eastwest aside from the P50 Paypal charge? Thanks!
I have a question.. is there anyone na may alm sainyu kng magkano un mgging deduction nila sa remittance? Nagtnung aq dub sa staff nila na andun wla daw cya idea..
ive been living in the mountains and i currently dont have any valid id. what should i do?
Hi. Thanks for this info. I just wanted to ask if you know how many days before you can get your ATM Card. Hope to see your response as soon as possible. Thanks again. More power 🙂
Most of the time it’s with in the day right after you applied but in some cases it’s 2-3 business days. Thank you!
Hi. I just want to confirm, every withdrawal, you will be charged 100PHP? Thanks! Godbless! Merry Christmas 🙂
Nope. As far as I know, there’s no fee is widthrawal at Eastwest ATM or Eastwest bank branches, on other bank’s ATM there’s a certain fee that apply with other banks as well. Thanks!
Thank you! By the way, is it accompanied by passbook? Or just ATM card alone?
hi,,
what are the requirements needed to apply basic checking account of east west bank??
we need this checking account for our monthly amort in pag-ibig
thanks
pwede po ba Philhealth ID ?
Hi may i ask if what is the maintaining balance if you open an account? for 100 and i deposit 2,000 for example?
What do you mean Aziz? Please clarify your question. Thanks!
Hi sir billy. Is sss okay for a valid id?
Yes!
PAANO po pag postal lang meron ako? makaka open po ba ako ng savings account? at wala po ako proof of billing kasi nangungupahan lang ako ng bahay
Hi sir bily,cn i ask quest0in TIN id is valid to 0pen basics savings account? Just 0nly tin id lng kc mer0n ako,kasambahay lng ako.what 0ther requirements cn i bring..tnx
Hi Lyka, sometimes it depends on branches. But I think that is valid. Better to visit the nearest branch in your area. Thanks!
Hi! I tried to open savings account at BPI and BDO; and one of their primary requirements is to present valid IDs such as UMID, SSS, or Passport. As of now, I only have Philhealth and TIN ID. I just wanna ask if you know some banks that accepts secondary IDs.
Hi!
Do you possibly know how much Eastwest charges when withdrawing from your Paypal Account to your savings account? Because I’m looking for a bank that doesn’t charge as much as my current bank. Thanks!
hi just wanna asked if possible i open an account without proof of billing?we rented our house and we dont handed any electric and water bill…it is possible to us a barangay clearance as alternate for the proof of billing?thanks in advance
how long it takes to get the atm after applying?
Hi,
is there a monthly deposit required in EastWest Basic Savings Account?
And do they accept a student/school ID?
Thanks.
pwrde mg tanung guzto ko mg open account..kc ung misis ko nsa abroad ung valid i.d ko lng ay driver license…pwede nba yan?
what if i’m renting a house and it’s different brgy,from our privious house before,is it okay to use the proof of bill in my privious even do i am not staying there? or i can use or barrow one to the place i’m renting? is possible???? your answer will truelly help me to decide what i suppose to do.
Respectfully
Don Ryan Viduya
Hi Don, every branch has different process. Some branches allow that but not all. The best thing to do is to visit the nearest branch in your area. Thanks!
Hello sir, yung company naglalakad para pag open ng atm ko, dalawang valid ID kinuha sakin binigay ko un company ID and yung PNP Non-commissioned officer kaso di daw magkaparehas ung address, kasi yun time na yun lumipat kami ng tirahan kaya ang present address ko nakalagay sa company ID. Paano un, yun lang dalawa ang valid ID ko?
I went to BPI and BDO to open a savings account.
Sadly,I was unable to because they do not accept TIN, Philhealth and company ID.
I’ll drop by the nearest Eastwest Bank tomorrow and i hope I will be allowed to open an account using my IDs.
Update lang po.
Nakapag open po ako ng savings account nung Aug.2 ,pero ngayon ko lang nakakuha yung atm. Nagkaroon daw kasi ng delay.
Bukas pa daw activation and change PIN.
They accepted my IDs naman. I presented 3. Philheath,TIN and Company ID. Pinaxerox ko na rin para sure. May scanner din naman sila if needed.
Hindi na ako masyadong hiningian ng requirements, nakalimutan pa nga huminga ng proof of billing kaya proactive kong binigay.
I dont know pero advantage siguro yung tagong branch,konti lang tao.
Inallow nga rin mag open ate ko na isang ID lang ang dala.
Thanks for the update MRR. This will help other readers. God bless!
Saan branch ito ?
may i ask if what is proof of billing? thank you
Proof of billing po e yung utility billing statement tulad ng bill ng meralco,water bill,internet o cable service where your address is indicated.
tanung ko lng po kng pwede ung proof of billing n luma n ipasa??
sir how about the proof of billing is old??
Hello, pwede ba to for international remittance? I want to use my savings account para dun ideposit ng client ko ung sahod ko eh. naka Home based job kasi ako
It can receive remittance for sure but probably there some charge. Not really sure with the entire process though. Better to check with the bank itself. Thanks!
hello po guys ask ko lang po kung ano po ba ang kukunin kong card gusto ko po kc magkaroon ng bank account pro hndi ko po alam ang iaapply ko sana po may sumagot salamat po …
Hi, instead of presenting the billing statement and barangay certificate could I just present my School ID and Driver’s license? Will the driver’s license waive the barangay certificate?
I’m currently unemployed. Still looking for a job. Can I open a basic savings account with Eastwest bank? I also don’t have a proof of billing under my name that I can submit. Do they accept Barangay clearance?
I have three ID’s I can present. Voter’s ID, Postal ID and UMID. What do you think are the chances that I can open an account with them. Thanks in advance to future answers.
Hi Admin,
I am planning to open a basic savings account, but I wanna ask about sa Proof of Billing, how many Proof of Billing do they need? and should it be a original copy?
Thank you.
Yes, original. THanks!
good day sir pwede po ba philhealth i.d and yung proof of billing sa father ko nakapangalan.? and kung accredited din po ba ng sss ang east west bank.?
tia
HI ask ko lng po pwde po mag apply ung passbook and at the same time my atm cya?tnx
i dont have a proof of billing under my name, kasi nag rerent lang ako ng room, but i have a 4 valid I.D like Passport, Umid I.d, T.I.N, and company I.d is there a changes to open a savings account?
good.afternoon po . gusto ko lang magtanong ..
may savings account na po ako kasi nagclaim ako ng maternity benefit ko .. ngayun nawithhdraw ko na po lahat . pwede ko po bang magamit ang savings account ko ? yung kada buwan magdedeposit ? gusto ko po kasing magsavings gamit ang banko niyo ..
kailangan ko pa po ba ng passbook ??
Please reply po .
Hello po, ask ko lang po, pano po kayo nag open ng account para sa maternity benifit ? Nagbibigay po ba ang sss ng referral or kayo lang nag open ng account. Thanks po.
hello just wana ask is it ok if I don’t have a proof of billing ok lng po ba ?
hi valid po ba ang postal,philhealth at battangay id for opening an atm account? pls reply as soon as possible need ko po tlga ..tinatanggihan kasi nila yun
hi valid po ba ang postal,philhealth at barangay id for opening an atm account? pls reply as soon as possible need ko po tlga ..tinatanggihan kasi nila yun.
Paano po kung yung mga ID ko nakaadress sa marikina yung bill ko sa rizal ang address pero nasa name ko naman po.thanks
Kanina nag apply aq mag open ng basics saving account although on process pa ung unified id q pero may tin id barangay certificate at id, proof of bills, police clearance,, bkit kailangan pa ng payslip etc…… Mahigpit pla may open ng basics account sa Eastwest pra knang mag apply ng work,,, nd nman criminal records ang ggawin mu,,pra lang cguro sa mayayaman lang bank account na yan mahirap kna papahirapan kpa.
is it okay if ill use my NSO instead of ID?
How can I close my Eastwest savings account? Would be enough to withdraw everything from the Atm and make it 0 or I should ask the branch to officially close it?
OK Lang po ba Kung ang TIN ko noong 2014 ko pa nakuha,?
Yes, your TIN is your permanent TIN forever.
Check the list of deposit accounts, account opening requirements, and procedure here!
Makakaenroll parin po ba ako kahit wla pa akng TIN #??
hello ok lang ba mag open account ako kahit wala pangwork ? im still studying . and same requirements din ba yan sa passbook savings account? thanks
Yes of course as long as you have the requirements. THanks!
Hi just wanna ask if where can i find the account number on you eastwest atm debit card? After 24 hours pa daw ma activate and then tsaka na ma change yung pin po? Thank you
Hello, I would like to ask kung pwde ba ang company ID para sa valid ID sa pag open ng basic savings acount. eto lang kasi valid ID ko so far and i really need to open account in East West. Thank you and God Bless!
Hi. I tried opening a basic savings account s Calamba branch kanina.
Here are the requirements they asked from me:
• photocopy of 2 valid IDs
primary: passport, driver’s license, sss, prc, umid, gsis
secondary: voter’s, tin id, postal id, philhealth id, senior citizen id, acr (foreigner)
• latest proof of billing
brgy clearance if proof of billing under a diff name
purpose: for bank requirement
• 2pcs 1×1 or 2×2 pictures
• tin number
• proof of income
Sa lahat, sa proof of income ako nahirapan kasi freelancer. I was told to screenshot my website as proof of income.
thanks a lot! a big help. Godbless! keep up the good work! 😉
Question. magkano po open ng account sa EastWest ngayon? Kailangan ba may savings bago magka credit card?
How much is their card fee? 150 kc sa bdo.
how many days before I can get my saving atm card?
hello po.ask kulng po.pwedi po ba mkpg open saving account.sa ibng bansa ka po.thank u po
Ung 100 pesos po ba, naka passbook na sya or atm? Thank you!
Hi, i have an unsettled CC payment, can i still apply for a checking account?
Ask ko lang po, na apply kasi ako ng saving account sa bdo, kumpleto lahat requirment, isa kasi akong online seller so hinanapan nila ako ng dti registered need po ba talaga na naka registered kami bago kami makapag open acount, eh hindi naman po kami malaking company
Pde po ba maka recieve ng money tru abroad ung basic savings account?
hello po goodafternoon po … ask ko lang kung pwede po na basic savings account ang gagamitin pra sa pagopen ng account for sss maternity ??? tsaka po hanggang kelan po valid gamitin ang account na inopen ko sa inyu ?
Helllo,
What if wala pong TIN # na ma provided?
Pwede po ba siyang international bank if may kamag anak na mag papadala?
wala naman pong amount na required basta wag lang ipapa close yong account?
Hi po! Pwede po ba syang mpasukan ng money galing ibang bansa?
Hi, philhealth , tin id and company id lang po ang meron ako. Do u think enough na po kaya yun for opening an account? We also have payslip &COE.
Hi ask ko lang if ok lang ba kung TIN ID and yung VOTER’S CERTIFICATE ba yun yung paper na binabayaran sa munisipyo kapag wala pa yung mismong VOTER’S ID? TIN ID lang kasi meron ako and Barangay ID as of now. Di ko pa sure if kasama sa valid id ang TIN ID 🙁
Hi ask ko lang po paano po mag Activate ng ATM card sabi ng EW 24 hrs. Pa daw bago gamitin
Open po ba ng saturday ang branch nyo dito sa daet?
Not available anymore… 2000 is now their minimum on opening an account
Hi, I just want to ask if what is the Valid IDs that Eastwest Bank is Accepting? for ATM card?
Is it the same Requirements Upon Loan:?
Completely filled-out EastWest Online Personal Loan Application Form
Photocopy of at least one (1) valid digitized photo-bearing and signature-bearing I.D.’s issued in the Philippines (i.e. Driver’s License, Philippine Passport, Professional Regulation Commission (PRC) I.D., SSS I.D., BIR ID, Integrated Bar of the Philippines I.D., and Unified SSS/GSIS and TIN I.D.). Company I.D.’s issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC may also be submitted.
Hello kapag nag open account po ba sa eastwest pwede ko po bang mawidraw anytime yung perang sinavings ko kahit anong oras pwede ko sya mawidraw or hindi po salamat po sa sasagot
Hi im kris pwede po ba tin i.d lng ang isubmit ko?kase tin lang meron ako salamat