Enjoy up to 3.5% interest p.a. with Super Checking

About the Promo

• Earn as much as 3.5%* interest p.a. on a checking account
• Get up to 2 withdrawals per month and still get the bonus interest
• Easy access and monitoring with a debit card, checkbook and passbook
   

Hurry, offer is limited until October 31, 2024 only!  Visit the nearest EastWest store today!

*Terms and conditions apply. See promo mechanics for details

How To Open An Account

For new deposit customers
1. Fill out the online Customer Information Sheet here and print
2. Visit your preferred EastWest store to submit the accomplished customer information sheet together with the requirements listed below.

For existing deposit customers
1. Request for call back here


REQUIREMENTS:

1. 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 

2. Proof of billing (under your name & home address)

3. Presentation of additional documents for 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

Promo Mechanics

1. The Super Checking Promo (“Promotion” or “Promo”) is a limited product offering that will run in EastWest Bank (“EW”) branches/stores nationwide from May 1, 2024 to October 31, 2024 (“Promo Period”).
2. Promo is available to new-to-checking customers* (“Customer/s”) with the exclusion of the following:
   a.    East West Banking Corporation (“Bank”), its affiliates and subsidiaries;
   b.    Corporations and entities forming part of the Filinvest Group of Companies as well as their subsidiaries and affiliates; and
   c.    Financial and banking institutions.
   *New-to-checking customers pertain to individuals or corporates that do not have any valid EastWest deposit checking account as of May 1, 2024
3. To avail of the Promo, a customer (“Customer”) must open a new Super Checking account (“Account”) with an initial deposit of at least PHP 500,000 for Individuals and PHP 1,000,000 for Corporates in fresh funds within the Promo Period.  A Customer is eligible to open only one (1) Account.

4. The Account will earn a Base Interest plus Bonus Interest (collectively, “Interest”) based on the following interest rate table:

   	INDIVIDUALS		CORPORATES
   Average Daily Balance (“ADB”)	Base Interest Rate per annum	Bonus Interest Rate per annum with up 2 withdrawals	Base Interest Rate per annum	Bonus Interest Rate per annum with up to 2 withdrawals
   Below PHP 500,000	0.000%
   PHP 500,000 to < PHP 1 Million	At least 0.200%	At least 3.1%	0.00%	0.00%
   PHP 1 Million and up	At least 0.400%	At least 3.1%	At least 0.400%	At least 3.1%

    

   ADB refers to the sum of daily ending balances in a given calendar month divided by the number of days in that month.  The Bonus Interest Rate refers to the additional interest rate that the account is qualified to earn if there are 2 or less debits/  withdrawals during the calendar month and before the Bonus Interest is credited.  

   To illustrate: A Customer opens an Account on May 1, 2024 with the corresponding ADB per month and debit/withdrawals each month:

   Amounts In USD	May 1 – 31	Jun 1 – 30	Jul 1 – 31
   Average Daily Balance	900,000	1,500,000	2,000,000
   No. of Withdrawals for the Month	0	3	2
   Base Interest Rate (per annum)	0.200%	0.400%	0.400%
   Base Interest Earned	155.00	500.00	688.89
   Bonus Interest Rate (per annum)	3.100%	Not Eligible	3.100%
   Bonus Interest Earned	2,402.50	0.00	5,338.89
   TOTAL INTEREST EARNED	2,557.50	500.00	6,027.78

5. The Base Interest earned by qualified Accounts will be credited at the end of each calendar month, while the Bonus Interest will be credited one (1) banking day after month-end.  Bonus Interest will not be credited if there are more than 2 debits/withdrawals prior to crediting of Bonus Interest. Interest earned will be subjected to a 20% withholding tax.  
6. If the Account is closed before crediting of Interest, any Interest earned on the Account shall be forfeited. EW will not pay the accrued Interest whether in full, in part or pro-rated.

7. Super Checking features, requirements, fees and charges are as follows: 

   Initial Deposit Requirement	Individuals: PHP 500,000 Corporates: PHP 1,000,000
   Required Monthly ADB	Individuals: PHP 500,000 Corporates: PHP 1,000,000
   Minimum Monthly ADB to Earn Interest	Individuals: PHP 500,000 Corporates: PHP 1,000,000
   Documentation	Checkbook, Passbook, Debit Card (Individuals only)
   Fund Access	Online Banking, Over the Counter (OTC), ATM and POS (Individuals only)
   OTC Deposit and Withdrawal	Waived
   Withholding Tax on Interest	20%
   Fee for Falling Below Required Monthly ADB for 2 consecutive months	PHP 500
   Early Closure Fee  (if Account is closed within 30 days from account opening date)	PHP 500

8. A Customer with a valid Super Checking Account will not be allowed to open another checking account in EastWest, including another Super Checking Account.
9. All Account openings are subject to EW’s existing policies and procedures.
10. This Promotion may not be availed in conjunction with other existing EW promos
11. In case of disputes arising out of or in connection with the Promo, the decision of EW with the concurrence of the Department of Trade and Industry (“DTI”) will be final.

 Per DTI Fair Trade Permit No. FTEB – 192353.  Series of 2024