Product Features
Minumum Initial Deposit
₱ 2,000
Maintaining ADB
₱ 2,000
Interest Earning Balance
₱ 2,000
Interest Rate
0.125% p.a
Banking Fees and Charges
Withholding Tax
20%
Dormancy Charge
₱ 30.00 per month
(Applied to dormant accounts 5 years and above and balance falls bellow the minimum monthly ADB)
Other Features
Fund Access
- EastWest Online and Mobile
- Over-The-Counter
Transaction Record
- Passbook
- Online Bank Statement
At least one (1) un-expired Identification Document (ID) with photo and signature
List of Accepted IDs
- Philippine Identification – PhilID
- Passport
- Driver’s License
- Professional Regulations Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance (Digitized)
- Postal ID (Digitized)
- Tax Identification Number (TIN) (Digitized)
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Professional ID cards issued by the Maritime Industry Authority (MARINA)
- Government Office and GOCC ID e.g. Armed Forces of the Philippines (AF ID), Home Development Mutual Fund (HDMF ID)
- Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
- ID issued by the National Council on Disability Affairs (NCDA)
- Unified Multi-Purpose ID Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines
- Company IDs issued by private entities for institutions registered with or supervised or regulated either by the BSP, SEC or IC
- Other identification document that can be verified using reliable, independent source documents, data, or information
- Proof of billing (under your name & home address)
- Presentation of additional documents for:
Minors
- Original and clear copy of NSO Birth Certificate
- For Guardian or Administrator: original and clear copy of the Court Order appointing them
Tax-Exempt Individuals
- Notarized Tax Exemption Affidavit executed by the applicant/depositor
- Certification of Tax Exemption issued by Revenue District Office (RDO)
Non-Resident individual and OFW
- Passport
- Alien Certificate of Registration (ACR), Immigrant Certificate of Registration (ICR) for non-citizen of the Philippines
- Contract of Employment for Philippine citizens
Frequently Asked Questions
It's a children's savings account designed to teach financial responsibility and encourage saving habits early.
Typically, parents or guardians open these accounts on behalf of children under 18 years old.
Teaches children about money management, offers interest, and may have special perks like educational materials.
Bank may have age restrictions, often starting at age 0 to 12, but policies vary.
Depending on the bank and the child's age, there may be restrictions or parental oversight required.
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