ATM Savings Account

An interest bearing peso savings account wherein deposits transactions are done over the counter or thru cash deposit machine (CDM), while withdrawal transactions are done via Automated Teller Machines (ATM) 24 hours a day, seven days a week. Deposit and withdrawal transactions may also be done over-the-counter but only during official banking hours/days. ATM withdrawals may also be made at any BancNet ATMs. Hassle-free and cashless purchases may also be done through any Point-of-Sale (POS) terminal from partner merchants across the country.
Initial Deposit Requirement P 500
Required ADBP 500
Required Daily Balance to Earn InterestP 500
Interest Rate0.10% p.a.
Maximum Withdrawable Amount / DayP 50,000 (effective 4 July 2019)
DocumentationATM Card
Maximum POS Transactions / DayP 50,000
Individuals / Joint1. at least one (1) valid ID
 2. 2 1X1 ID picture
 3. TIN Number (optional)
 *Valid IDs include SSS ID, GSIS ID, Driver’s License, Company ID (present), School ID, Passport, TIN ID, Postal ID, Phil Health ID, Marriage Contract (original copy), Major Credit Card, Membership Card of well-known associations and clubs, HMO ID, Senior Citizens Card.
Single Proprietorship1. Registration of Business Name with Department of Trade
 2. Original Application for Registration
 3. One (1) valid identification card of signatory