UCPB Savings Account – What Are The Requirements, Procedures To Open In UCPB

Source: UCPB

Getting a regular savings account is something that every working adult should do in this day and age.

Whether you want to save some money in your own account or have another way to pay for your purchases.

The United Coconut Planters’ Bank (UCPB) is one of the Philippines’ largest universal banks.

The small commercial bank only has four branches initially primarily catered to coconut growers in the Philippines when it initially opened its doors in 1963.

However, as time passed, the UCPB expanded into new markets and produced new goods to help Filipinos from all walks of life.

Continue reading if you found it handy and accessible to open a savings account with UCPB.

What Is UCPB Savings Account?

Account-holders who open a UCPB Savings Account are eligible for the following perks and services:

A Php 2,000 initial deposit is required. This sum is also regarded as the bare minimum needed to keep your account operational.

For your account to earn interest, you need a minimum monthly average daily balance (ADB) of Php 10,000 to earn 0.25 percent yearly interest rate

With UCPB’s online statement of accounts, you may manage your account and see your transaction history.

UCPB’s Automatic Transfer Arrangements can help you convert your savings account into a payment account (ATA).

Apply for back-to-back loans using the sum in your savings account as collateral.

The Philippine Deposit Insurance Corporation insures funds up to Php 500,000. (PDIC).

Requirements of UCPB Savings Account

There are several requirements you need when you open a UCPB savings account.

Government IDs

To apply for a UCPB savings account, you must bring the original. Also, bring at least two copy (front and back) of the following documents:

  • Passport
  • NBI Clearance
  • Police Clearance
  • Barangay Certification
  • Professional Regulations Commission (PRC) ID
  • Integrated Bar of the Philippines (IBP) ID
  • Maritime Industry Authority (MARINA) ID
  • Tax Identification Number (TIN)
  • SSS ID
  • Unified Multi-purpose Identification (UMID) Card
  • Drivers License
  • Company ID bearing the applicant’s photo
  • Document license or permit to carry firearms
  • PhilHealth ID Card
  • Postal ID
  • Voter’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • Overseas Filipino Worker (OFW) ID
  • Seaman’s book
  • Senior Citizens ID
  • PWD ID
  • School ID
  • Other Government Agency IDs – Armed Forces of the Philippines (AFP), Department of Agriculture, etc.

Proof of Address

You need to bring a Proof of Address, such as billing statements from utility or credit card companies under your name or the person opening the account. The statements have to be within 6 months.

If it’s under a different name, provide proof of certification of relationship or Barangay Certificate.

UCPB Account Forms

You can get just get the UCPB forms online or from nearest UCPB branch

Fully accomplish the UCPB Account Opening Forms
Customer Information Sheet (CIS) for Individuals/Sole Proprietors
Signature Card
Account Information Card
ATM Card Application (for ATM accounts

Initial Deposit

You need to bring PHP 2,000 for required initial deposit.

Latest Photo

Bring latest photo. If you don’t have latest pictures, have your photo taken in a photo studio as you will need to submit your latest 2×2 or 1×1 colored ID picture in the bank.

How To Open A UCPB Account?

1. Proceed to UCPB branch with your requirements.

Bring all of the requirements mentioned above, as well as the needed initial deposit for opening a UCPB savings account, to the nearest UCPB branch in your area.

2. Inform bank teller that you’ll open a new account.

Tell the bank officer at the new accounts desk that you want to open a new savings account. Obtain a queue number (if applicable) and wait your turn.

3. Fill and submit bank forms

You’ll get an application packet with numerous forms to complete once you have been accepted. Be sure to check all the information you’ll write and include on the forms to ensure there are no discrepancies between your application and your documentations.

4. Give your initial deposit

Make the first deposit necessary to start a regular UCPB savings account. The bank clerk would then give you a deposit slip once you’ve made your payment. This is required to process your account and ATM card. Return on the bank officer’s specified date to get your UCPB ATM card.