Securely manage funds in the local currency (PHP) or foreign currencies
Business setup & company support
Bank Account Opening
For seamless bank account opening in the Philippines
Bank account opening in the Philippines for foreigners refers to the legal process of setting up either a personal or corporate bank account with a local Philippine bank. Whether you’re a foreign resident, investor, digital nomad, or business owner, opening a Philippine bank account is essential for conducting daily transactions, receiving payments, and managing finances locally.
Service overview
Key Benefits of Bank Account Opening in the Philippines
Banks in the Philippines offer Peso and Dollar accounts, online banking, checkbooks, debit cards, and business accounts with features tailored to expats and foreign-owned corporations. Opening a bank account as a foreigner typically requires valid identification, proof of legal stay, and documentation based on the account type.
Receive payments locally for business, rent, or freelance work
Access to online and mobile banking platforms
Ability to pay bills, send money, and withdraw from ATMs nationwide
Required for registering a business, applying for visas, or investing
Allows for salary payments to employees for foreign-owned companies
Boosts financial credibility with government agencies, landlords, and partners
Enables international transfers and remittances
Requirements and details
Eligibility Criteria
Basic qualifications for Bank Account Opening:
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✓
For Personal Accounts: Foreigners with valid passport. Holders of legal visas such as: SRRV, 13A, 9G, Special Investor’s Resident Visa (SIRV), Long-stay tourist visa holders (depending on the bank’s policy), Proof of address in the Philippines (rental contract, utility bill, or barangay certificate)
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✓
For Corporate Accounts: SEC-registered corporations with foreign ownership or businesses with complete corporate documents, including: Articles of Incorporation and By-Laws, BIR Certificate of Registration (Form 2303), Mayor’s Permit, Board Resolution authorizing account opening, Valid IDs of authorized signatories and other requirements as prescribed by the designated bank.
How it works
Application Process
The exact requirements and timing depend on your circumstances, but most applications follow these stages.
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1
Initial Consultation
We help determine the most suitable type of account for your needs: personal or corporate and assess bank-specific requirements based on your visa status, business type, and documentation. -
2
Document Preparation
Gather necessary documents such as passport, medical certificates, and proof of pension (if applicable). -
3
Bank Coordination & Appointment Scheduling
We coordinate directly with trusted banks to: Pre-screen your application, Set your branch appointment, Prepare the bank forms ahead of time -
4
Onsite or Remote Support During Account Opening
Our team assists you during the bank visit or onboarding process to ensure a smooth experience—from verifying documents to submitting your application.
Application assistance
If you’d like help with the process.
C&G can prepare the documents, coordinate the application and keep you informed from onboarding through completion.
Itemized quoteProfessional and government fees are shown separately.
Dedicated contactA communications manager keeps you updated.
Online paymentEvery C&G invoice can be paid securely online.
In-person supportWe meet you at government appointments when required.
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Read what clients say about working with our Cebu and Manila teams.
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