Passbook with ATM Savings
Enjoy the convenience of an ATM card while keeping a physical passbook for easy tracking. Open the account with ₱500, maintain ₱500, and earn interest as long as your average daily balance stays at ₱500 or above.
Key Details:
• Initial deposit: ₱500
• Maintaining balance: ₱500
• Interest eligibility: ADB of ₱500
• Comes with both passbook + ATM/debit access
Who it's for
• People who want passbooks for tracking and ATM for convenience
• Anyone who wants flexibility for
withdrawals and transfers via ATM
• Those who like traditional banking but still need modern accessibility
Why You'll Want it
- Dual access & transparency: You get a tangible passbook to track your deposits over time, combined with the convenience of ATM access.
- Low barrier to entry: ₱500 is a modest amount to open and maintain the account
- Interest earnings: While modest, you still earn interest on your balance.
- Security & protection: With PDIC insurance, your deposits are safeguarded.
- Convenient for withdrawals & transfers: The ATM link means you aren’t limited to teller counters.
How it Works
The Passbook with ATM Savings gives you the best of both worlds — a physical passbook to keep track of your deposits and withdrawals, plus an ATM/debit card for accessing your funds anytime, anywhere. This is how it works and how you can open one at Sun Savings Bank:
Steps to Open a Passbook with ATM Savings Account
Visit a Sun Savings branch
Go to your nearest Sun Savings Bank branch.
Fill out the account opening form
At the branch, request the application form for the Passbook with ATM Savings account. Provide your personal details (name, address, contact, etc.).
Submit valid ID and other documents
Bring a valid government-issued ID (e.g. driver's license, passport, unified ID), proof of address, and any other KYC documents required by the bank.
Make the initial deposit
Deposit the required ₱ 500.00 upon opening. This becomes your starting balance.
Receive the passbook and ATM card
After your application is processed, you'll be issued a passbook to record transactions and an ATM/debit card for electronic access.
Maintain the account
Ensure you always keep at least ₱500.00 as your balance. Use your ATM card for withdrawals, transfers, or balance inquiries.
Start earning interest
As long as your average daily balance meets the ₱500 threshold, your account will earn interest at 0.50% p.a.
Testimonials
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