Basic Deposit Account
A non–interest–bearing account made to promote financial inclusion. It is a secure and convenient way to receive money and make payments anytime.
Why choose it:
• Easy to open
• No maintaining balance
• Simple requirements
• No extra fees
Who it's for
- Students, new savers, or workers who want to start participating in the banking system with minimal barriers.
- Anyone needing a simple deposit account for day-to-day use without concern over penalties or hidden charges.
Why You'll Want it
- Low cost & low barrier: Only ₱100 to open and no maintaining balance
- Safe place for your money: PDIC insures your deposits up to ₱1 Million.
- Simplicity: No complicated requirements, no interest calculations, no dormancy fees.
- Gateway to deeper banking: As your balance grows, the conversion to a regular account gives you access to more features.
How it Works
Start your savings journey with confidence. The Sun Savings Basic Deposit Account (BDA) gives you a simple, fee-friendly way to keep your money safe — no fuss, no surprises
Here's the typical process to open a Basic Deposit Account with Sun Savings Bank:
Prepare Requirements
- Bring one photo-bearing ID
- Two recent photos (1×1 or 2×2)
- Fill out the bank's account opening form.
Visit a Sun Savings Branch
Go to any Sun Savings Bank branch. Submit the filled application form along with your ID and photos.
Make the Initial Deposit
Deposit the opening amount of ₱100. This activates your account
Verification & Processing
The bank will verify your application and documents. Once approved, they will issue you a passbook or official account record.
Receive Account Credentials
You'll get your passbook or proof of account, and you can then make further deposits or withdrawals (up to the maximum balance) as needed.
Testimonials
Quisque convallis tellus dignissim nunc hendrerit cursus. Praesent dapibus dui non ligula pellentesque, suscipit facilisis turpis dictum. Nunc rhoncus risus elit, sed fringilla mi maximus in.
Quisque convallis tellus dignissim nunc hendrerit cursus. Praesent dapibus dui non ligula pellentesque, suscipit facilisis turpis dictum. Nunc rhoncus risus elit, sed fringilla mi maximus in.
Quisque convallis tellus dignissim nunc hendrerit cursus. Praesent dapibus dui non ligula pellentesque, suscipit facilisis turpis dictum. Nunc rhoncus risus elit, sed fringilla mi maximus in.