Easy Account Registration For Investors in the Philippines

No matter if you're just visiting or planning to stay permanently in the Philippines, having an easy account registration process is essential for having a smooth transition.

Expats living in the Philippines have plenty of banking options that offer convenient accounts and products. Here are a few to consider:

Get easy access to manage your benefits

As an expat living in the Philippines or just visiting, you may be looking to open a bank account to make it easier to access your funds. The good news is that the process can be straightforward and could potentially save you money in the long run.

Generally, the best way to go about this is opening a current account with one of many international banks such as Citibank or HSBC, or a national bank like the Philippine National Bank or Banco de Oro. These large institutions typically cover most of the country with branches and ATMs located in each city, making them more convenient for expats.

To get you started, they'll provide a complimentary bank account certificate printed on high-quality paper with your name and date of birth printed clearly. Plus, it includes a QR code which can be scanned when signing into the website or mobile app.

Once you've finished the registration process, you should have a Sun Life account within no time. With it, you'll gain access to various features that help manage your investments such as viewing accounts and receiving notifications on balance changes.

Consider opening a savings account, which offers interest on your money. This product is more sophisticated than basic checking and allows for setting up automatic transfers and withdrawals from other Sun Life accounts.

View your investments

If you are moving to the Philippines, a bank account may be necessary. With so many banks available in the country, it can be difficult to decide which one is best suited for you.

To open a bank account in the Philippines, you'll need to visit a branch and submit documents proving your identity and residency. Depending on your status as a foreigner, you may also be required to provide bank reference letters from your home country.

You may want to consider using the Philippine Deposit Insurance Corporation (PDIC) for deposit insurance. Similar to the FDIC in America, PDIC covers up to 500,000 pesos worth of deposits per depositor.

Investors have many choices, but one of the simplest and safest investments is fixed-income products like savings accounts. These accounts are easy to set up and offer high interest rates, making them ideal for investing small amounts of money with security in mind.

Investments in fixed-income products are an excellent way to save for the future and build your wealth over time. Whether you're saving towards a mortgage or purchasing your first house, these funds can provide security by creating a nest egg that will last.

As with all investments, you should be aware of the risks involved in investing in fixed-income products and read its product prospectus carefully before investing. Furthermore, be sure to factor in any fees and charges that may apply, such as administration, management or custodial fees.

Additionally, fixed-income products may experience decline in value as market conditions shift, potentially making them less desirable to investors than other types of investments.

In addition to traditional investments, you have access to a range of life insurance products such as life, health and disability policies. These can provide protection for you and your family in case of death, critical illness or long-term care needs. Furthermore, policies can be taken out to guarantee an income in case of disability or job loss.

Get in touch with us

Investors, expats or those visiting the Philippines for an extended stay may need to open a bank account. With such a large expat community in the country, several international banks have branches there as well.

The Philippine banking system is highly developed, supporting a range of local and foreign financial institutions - from international banks, national & government banks to small rural lenders. Expats can choose between these types of institutions to find one that best meets their individual needs and lifestyle.

If you're opening a bank account in the Philippines, be sure to read through its terms and conditions carefully as there may be fees involved. For instance, there could be separate costs for keeping an account open as well as using cards or ATM networks.

When selecting a bank in Indonesia, it's wise to pick one that can meet all of your personal and business banking needs as well as provide numerous perks like credit cards and travel insurance. Popular options include BPI and Metrobank - both with extensive branch and ATM networks.

Banks in the Philippines typically offer online and phone banking options as well. Banco de Oro, for example, provides a comprehensive product suite of current, savings, and investment accounts as well as various perks like cashback at certain retail outlets and discounts from other businesses.

Once you're ready to sign up, fill out an online account application form. Upon approval of your application, you will be invited to participate in an interactive video call.

Video calls are an ideal way to get to know a representative better and ask any questions that arise. It's an ideal test to see if both of you would make an effective team.

It's also an effective way to determine if your budget aligns with the company's policies. If not, explore other companies with similar profiles and practices.

Request a callback

A callback is the ideal way to gain an edge over competition. Existing investors will likely find this a no brainer, as it allows you to maximize their investment dollars and stay in control. The process is straightforward and takes no more than minutes - although be patient as there may be challenges along the way! If you need assistance right away, our dedicated hotline operator is available at all times to answer questions and maximize benefits.