Chinese Yuan Savings Account
Get the most out of your yuan with our interest-bearing CNY Savings Account! Available in select branches only.
What is Chinese Yuan Savings Account?
A Chinese Yuan Savings Account is Security Bank’s account designed for those who want to maximize their earning potential using CNY.
At a Glance
Looking for a convenient yuan savings account? This is for you.
| Opening Balance | CNY 3,500 |
| Maintaining Balance | CNY 3,500 |
| Balance to Earn Interest | CNY 3,500 |
| Interest Rate (p.a.) | 0.00% p.a. (effective February 1, 2021) |
*Available in select branches only.
Requirements
ID/Documentary Requirements
| For Resident Citizen, Non-resident Citizen and Resident Alien | 1 primary valid ID or 2 secondary valid IDs Click here for the list of valid IDs |
| For Non-resident Alien | Passport or Alien Certification of Registration (ACR) I – Card |
How to open an Account
- Go to the Account Opening Online or Human Switch Kit.
- Accomplish the form by filling out all the required fields.
- Wait for confirmation text message.
- Go to the indicated branch and submit the required item.
Make CNY work for you
Withdraw PHP/CNY
Get to choose how you’re going withdraw—either in PHP/CNY.
Comes with passbook
Keep track of your yuan transactions using your Security Bank passbook.
Easy account opening
Open a CNY savings account in any of our Metro Manila branches!
Apply for an account today! Choose how you want to apply:
Make banking transactions more convenient with Online Banking
Easy-to-use and seamless, our online banking facilities are designed to provide the best possible online banking experience.
Frequently Asked Questions
Who can open a Chinese Yuan savings account?
Anyone can open a CNY savings account! Do take note though of the required starting and maintaining balance to avoid extra charges.
What happens if I lose my passbook?
You will have to present a notarized affidavit of loss to your branch to get your lost passbook replaced. A passbook replacement fee of P200 will be charged.
Would I be able to withdraw my yuan anytime?
It would depend on the availability of CNY in your branch. Inform the branch at least one week before your withdrawal, and they will coordinate with you.
Fees and Charges
| Dormancy (starts on the 61st month) – per month | PHP 30 based on prevailing exchange rate |
| Minimum balance charge | CNY 35 |
| Lost Passbook Fee | PHP 200 |
| Early Closure Fee (within 30 days) | CNY 15 |
List of Valid IDs
| PRIMARY ID | SECONDARY ID |
| Passport | Company ID |
| Driver's License | NBI Clearance |
| PRC ID | Police Clearance |
| Digitized Voter's ID | Postal ID (Paper-based card) |
| GSIS e-Card | Barangay Certification |
| SSS Card | OWWA ID |
| Senior Citizen Card | OFW ID |
| Unified Multi-purpose ID | Seaman's Book |
| ACR / ICR | GOCC ID [e.g. Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)] |
| Integrated Bar of the Philippines | DSWD Certification |
| School ID | PhilHealth Insurance Card ng Bayan (PHICB) |
| NCDA ID | City Health Card / Health Certificate Card |
| Postal ID (PVC Plastic Card) | Tax Identification Number (TIN) |
Additional identifications (IDs) or documents may be required by our branch based on the interview and the type of account to be opened. The Bank reserves the right to decline account opening request based on its evaluations.