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CTBC Bank business bank accounts for december 2022 in the Philippines

CTBC Bank
Open a business account at CTBC Bank. On 03.12.2022 there are 5 options available to you.

Offers: 5

Updated:
17.10.2022
13:52
Peso Time Deposit
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from $1,000
Term
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Loan term for the financial product

30 - 360 days
Dollar Time Deposit
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from $1,000
Term
i

Loan term for the financial product

30 - 360 days
Dollar Savings Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from $500
Rate
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Effective interest rate on the product

0.10% per year
Open a business account on favorable terms!
Open a business account on favorable terms!

Use the system for selecting the most profitable business account online!

Ultimate Earner Checking Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Peso Checking Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from ₱15,000
Rate
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Effective interest rate on the product

0.125% per year

Other types of business bank accounts

How to open a business bank account

Fill out your application
Fill out your application

On our website you can fill out a short application form for a business bank account.

Send your application online to the suggested banks
Send your application online to the suggested banks

After the parameters being checked, you will be able to send your application to the appropriate companies.

Wait for a response from the bank
Wait for a response from the bank

If necessary, a bank specialist will contact you to clarify the details.

Open your account!
Open your account!

Sign the contract and open your account online or at the bank's branch.

Apply Your data is securely protected

BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
CTBC Bank business bank accounts for december 2022

CTBC Bank business bank accounts provide company owners with various digital alternatives. You may establish your company with the bank, transfer funds, deposit checks, pay bills, and so on, using your phone or a personal computer, at any time and from any location.

Types of CTBC Bank business accounts

Below are the types of CTBC Bank business bank accounts:

  • Peso checking accounts. This is a business checking account that earns interest on a regular basis. This checking account includes a CTBC Bank Visa debit and ATM card, checkbook, record book, and Internet banking access through NetBanking Facility and BancNet Online. A corporate depositor requires a ₱25,000 initial deposit. When the deposit reaches ₱100,000 for corporate accounts, the account will earn 0.125% gross p.a.
  • Ultimate earner checking accounts. This is a higher-yielding checking account that offers clients to receive tiered time deposit rates based on their ADB and number of withdrawals. The ultimate checking account is appropriate for clients seeking an investment or disbursement account. It includes a CTBC Bank Visa debit and ATM card, checkbook, record book, and internet banking access via NetBanking Facility and BancNet online.
  • Business dollar savings accounts. This is a typical savings account in dollars for business payroll accounts. The account earns 0.10% gross per year. With a minimum deposit of merely $500. It also includes a log book for convenient tracking.
  • Dollar business time deposit. This is a dollar-denominated regular time deposit that earns a greater interest rate than a regular savings account but is only maintained for a certain period or until maturity. This account can give returns with a minimum investment of merely $1,000 for company owners looking to save money. The placement period lasts 30 days. Tiered charges are also for placements lasting 60, 90, 180, and 360 days.\
  • Peso business time deposit. This is a peso-denominated business time deposit account (also known as a certificate of deposit or term deposit) that earns a greater interest rate than a standard savings account but is only maintained for a certain period or until maturity. Individuals who wish to preserve money or organizations with surplus assets for investment can create a time deposit account for as little as ₱1,000. The minimum duration of placement is 30 days. Tiered charges are also for placements lasting 60, 90, 180, and 360 days.

How to apply for a CTBC Bank business account?

You can only apply for a business account in person. You must be certain that you meet all eligibility requirements and have the relevant paperwork on hand. Please, take it to your nearest CTBC Bank branch, then talk with a customer service agent and explain that you are there to apply for a business bank account.

Requirements for a CTBC Bank savings account

To be eligible for a CTBC Bank business account, you must meet all eligibility requirements and have all the necessary documentation. They are given below:

For single proprietorship

  • Must have two valid identification cards that have a proprietor or any authorized signatory/
  • Must have a signature card.
  • Must possess the account opening form (AOF), which you can obtain in the bank.
  • Must possess a certificate of registration of business name with the department of the Philippines trade and industry.
  • Must possess a mayor's permit.
  • Must possess the application for registration of business name with the department of the Philippines trade and industry (in case the certificate of registration is not yet given).
  • Must possess the current and notarized special power of attorney if another person (i.e., other than the proprietor) is authorized to run the business or sign on behalf of the business.

For partnership

  • Must have two valid Identification cards.
  • Must have a signature card.
  • Must possess the account opening form (AOF), which can be obtained in the bank.
  • Must possess the articles of co-partnership.
  • Must have the certificate of registration of the articles of partnership with the Philippines Securities and Exchange Commission (SEC).
  • Must have the partnership’s resolution of authorized signatories.

For corporation

  • Must have two valid government-issued identification cards of all authorized signatories.
  • Must have a signature card.
  • Must have an account opening form (AOF), which must be gotten from a CTBC Bank branch.
  • Must have the certificate of registration from the Philippines securities and exchange commission (SEC).
  • Must possess the latest general information sheet.
  • Must have their articles of incorporation.
  • Must also possess the by-laws.
  • Must have the board resolution(s), which must include the notarized secretary's certification indicating the following:

    • The authority to open an account or conduct business with any bank.

    • Election of officers for the current work year

    • Limits and combinations of officers permitted to sign cheques and other instruments

Pros and cons of CTBC Bank business accounts

Below are some pros and cons of CTBC Bank business accounts.

Pros

  • There isn't much required to open an account.
  • The account can be operated using the mobile app for ease of access.

Cons

  • The application is only made offline.
  • There are not too many business accounts to choose from.

FAQ

What is the minimum amount to earn interest in the CTBC Bank business account?

The minimum account to earn interest is ₱100,000.

What is the CTBC Bank business account interest rate?

The CTBC Bank interest rate is 0.125% per annum.