Foreign Currency Savings
Product Features
Minimum Initial Deposit
Click here for the minimum initial deposit required, required balances and interest rates for each
Withholding Tax
15%
Other Features
Fund Access
- EastWest Online and Mobile
- Over-The-Counter
Transaction Record
- Passbook
- Online bank statement
Dormancy Charge
P 30.00 per month
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)
Foreign Currency Rates
| Deposit Product | Initial Deposit | Minimum Maintaining Balance | Balance to Earn Interest | Interest Rate per Annum |
|---|---|---|---|---|
| USD Dollar Savings | USD 200 | USD 200 | USD 500 | 0.125% |
| Chinese Yuan Savings | CNY 500 | CNY 500 | CNY 500 | 1.000% |
| Euro Savings** | EUR 250 | EUR 250 | EUR 250 | 0.000% |
| Japanese Yen Savings** | JPY 25,000 | JPY 25,000 | JPY 25,000 | 0.005% |
| Singaporean Dollar Savings** | SGD 100 | SGD 100 | SGD 100 | 0.100% |
| British Pound Savings Account | GBP 100 | GBP 100 | GBP 100 | 0.25% |
| Australian Dollar Savings Account | AUD 250 | AUD 250 | AUD 250 | 1.00% |
| Hongkong Dollar Savings Account | HKD 250 | HKD 250 | HKD 250 | 0.150% |
| New Zealand Dollar Savings Account | NZD 250 | NZD 250 | NZD 250 | 0.500% |
| US Dollar SuperSaver | USD 5,000 | USD 5,000 | USD 5,000 | USD 5,000 to less than USD 10,000 – 0.125% | USD 10,000 to less than USD 100,000 – 0.200% | USD 100,000 and up – 0.250% | Bonus Interest Rate: 2.500% if no withdrawals during the month |
For new deposit customers
Download and fill-out the account opening form here
Email the completed form and requirements here
Claim your EastWest Visa Debit Card and/or passbook at your selected store upon email confirmation.
For new depositors opening other foreign currency deposits
Fill out the account opening form here
Visit your preferred EastWest Store to submit the completed form together with the requirement listed.
For existing deposit customers
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, or 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 an account for storing money, earning interest, and easily accessing funds for future needs or emergencies.
Visit a bank, provide identification, and make an initial deposit to open the account.
Offers a safe place for money, potential interest earnings, and liquidity for short-term financial goals.
Banks may charge maintenance fees or penalties for exceeding withdrawal limits; checking account terms.
Yes, many banks allow linking to checking accounts for easy transfers and management of funds.
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