Also known as checking account or demand deposit account. A non-bearing deposit subject to withdrawal by issuance of checks.
Eligibility Criteria
Depositor for at least 6 months
Legal age
Requirements
For individual
Two (2) pcs. 1x1 ID picture
One (1) pc. 2x2 ID picture
One (1) photo-bearing valid ID
For account using a business name
SEC registration
Business permit
Article of partnership – for partnership business
For Organization/Corporation
Two (2) pcs. 1x1 ID picture of each signatories
One (1) pc. 2x2 ID picture of each signatories
One (1) photo-bearing valid ID of each signatories
Secretary certificate (notarized)
Article of incorporation and by-laws
SEC registration
Business permit
Note: ID pictures can be obtained at any Cantilan Bank branch for free using our webcam Minimum initial deposit requirement and Average Daily Balance per month
Individual - Php 5,000.00
Corporate/Organization – Php 10,000.00
ATA Account (Automatic Transfer Arrangement) – Php 25,000.00