Savings and Checking Account Opening

This account allows you to deposit money at a bank for safekeeping.

• Savings Account

• Checking Account

• Major Account

• T-Account

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Savings Account

• Checking Account

• Major Account

• T-Account

Savings Account have higher interest rate than the Checking/Current account.

• True
• False

Checking Account have LIMITED number of withdrawals and deposits.

• True
• False

It is a financial institution where you can open an account so that you can safekeep your money and easily manage your expenses.

• Market

• Store

• School

• Bank

Check ALL the documents needed in opening a bank account.

• Valid ID

• Proof of Address or Income

• Filled-out Application Form

• Initial Deposit

• Birth Certificate

Opening a bank account may be done by visiting a bank or applying online.

• True
• False

Which of the following Valid ID is acceptable in opening a bank account?

• Government issued ID such as PRC, SSS, GSIS and PhylSys

• Driver's License

• Passport

• All of the above

Who reviews the application and explains the account’s features?

• Bank Officer

• Bank Teller

• Customer

• Security Guard

The customer fill out an application form with his/her personal information.

• True
• False