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Robinsons Bank business bank accounts for december 2022 in the Philippines

Robinsons Bank
Open a business account at Robinsons Bank. On 03.12.2022 there are 1 options available to you.

Offers: 1

Updated:
18.10.2022
13:20
Checking account for businesses
Rating by Finanso®
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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.

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!

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.

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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
Robinsons Bank business bank accounts for december 2022

Business bank accounts are a great way to manage your company's finances. With a business account, you can rest easy knowing that federal regulations and insurance policies protect your money.

Types of business bank accounts

Robinsons Bank Corporation offers only a checking account for businesses. A checking account allows companies to make payments, withdraw cash, and manage their finances. It's safe and secure, and it has a lot of benefits. You can use a checking account to pay bills, such as rent or utilities; make deposits into other accounts, and withdraw cash from ATMs. You also get checks and debit cards with your checking account, making it easy to access your funds when needed. To open and maintain a balance on this account for your business, you would require 10,000. If you want a checkbook, you would have to pay 500. Additionally, your funds are insured by PDIC for up to 500,000 per depositor.

How to apply for a business bank account?

If you want to open a business checking account at the branch, you can follow these steps:

  1. Make sure you have all the required documents. The bank may ask for your business's original personal identification document, proof of address, and a utility bill.
  2. Choose a current account application form.
  3. Fill out an application form with all the details requested by the bank. Include information about your business, such as name, address, financial details, such as income and expenses.
  4. Once you've completed the application form, submit all the required documents to a banking agent.

      Requirements for a business bank account

      • You can also submit a Mayor's Permit, Articles of Partnership or Incorporation, and By-Laws.
      • Submit the latest three years of Income Tax Return (ITR) and Audited Financial Statement (AFS).
      • Submit the last six months' bank statement or copy of the passbook.
      • Photocopy of two valid IDs with specimen signature.

        List of some of the acceptable IDs

        • Tax Identification Number
        • Barangay certification
        • Alien Certification of Registration/Immigrant Certificate of Registration
        • Government office and GOCC ID (e.g., LGU, AFP, HDMF IDs)
        • Certification from the NCWDP
        • DSWD certification
        • IBP ID

          Pros and cons of a business bank account

          Having a business bank account will impact your business and how you do things, so you'll want to ensure you find the best bank for your unique situation. A business bank account can also help you manage your finances. Still, there are pros and cons that you'll need to consider before opening one.

          Pros

          • You can set up a separate account for your business to know exactly where your money is going and how it is being spent.
          • You can set up automated bill payments, which eliminates the need to worry about missing or submitting late payments.
          • You can keep track of all your financial transactions in one location, which is especially useful if you manage many accounts.

          Cons

          • Your firm may have to pay several costs for accessing your money, such as overdraft fees and other fees.
          • Your business will be limited if you don't have the right accounts.

          FAQ

          Am I allowed to have multiple Robinsons Bank Corporation business accounts?

          Yes, you may have more than one business account with Robinsons Bank Corporation. If you run various enterprises or simply want to save your money independently, you might want to have multiple accounts.

          What makes a Robinsons Bank Corporation business account necessary?

          To separate your personal and business finances, you need a business account with Robinsons Bank Corporation. You may also use a business account to make all of your payments from one place, which makes it easier for you when it is time to submit taxes.