USD Savings Account
Maximize your dollar’s earning potential when you open a USD account with us.
USD to PHP Forex
Buying
PHP 58.05
Selling
PHP 58.55
*Rates as of September 23, 2022 | 09:20 AM
What is USD Savings?
Our US Dollar Savings Account keeps your USD safe and protected with low opening and maintaining balance. This account is for those who:
- Travel frequently,
- Make or receive dollar payments,
- Transact internationally for business or leisure, or
- Want to maximize the strength of the dollar exchange rate.
Whatever it may be, take advantage of Security Bank’s USD account today.
At a Glance
Make dollars work for you with a low opening and maintaining balance:
| Opening Balance | USD 500 |
| Maintaining Balance | USD 500 |
| Interest Rate | 0.00% (effective September 01, 2020) |
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 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 items.
Get the most out of your USD
Withdraw PHP/USD
Get to choose how you’re going withdraw—either in PHP/USD.
Comes with passbook
Keep track of your dollar transactions using your Security Bank passbook.
Easy account opening
Open a USD savings account in any of our 200+ 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.
Hear from our clients
“Security Bank’s USD account comes in handy every time I go back to the Philippines. Plus I can even get some interest earnings!”
Josephine C.“Opening an account with SB is fast and easy. No need to fill up forms when you go the branch and it takes only 15 minutes.”
Pia B.Frequently Asked Questions
Who can open a US Dollar savings account?
Anyone can open a USD 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 dollars anytime?
It would depend on the availability of USDs 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 |
| Charge for Fall Below Min. Bal – per month after 2 consecutive months | USD 5 |
| Lost Passbook Fee | PHP 200 |
| Early Closure Fee (within 30 days) | USD 5 |
List of Valid IDs
| PRIMARY ID | SECONDARY ID |
| ACR / ICR | Barangay Certification |
| Digitized Persons with Disabilities (PWD) ID | City Health Card / Health Certificate Card |
| Driver's License | Company ID - Shall be classified as Primary ID for Security Bank employees and subsidiaries |
| GSIS e-Card | DSWD Certification |
| Integrated Bar of the Philippines | GOCC ID [e.g. Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)] |
| Maritime Industry Authority (MARINA) ID | NBI Clearance |
| NCDA ID | OFW ID |
| Passport | OWWA ID |
| Philippine Identification (PhilID) Card | Pag-IBIG Loyalty Card |
| Postal ID (PVC Plastic Card) | Digitized/PVC PhilHealth Insurance Card ng Bayan (PHICB) |
| PRC ID | Police Clearance |
| School ID | Postal ID (Paper-based card) |
| Senior Citizen Card | Seaman's Book |
| Special Resident Retiree's Visa (SRRV) ID | Solo Parent ID |
| SSS Card | Tax Identification Number (TIN) |
| Unified Multi-Purpose ID | |
| Voter's ID |
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.