Savings Banks That Offer Checking Accounts

Updated July 25, 2023

If the big banks have rejected your application to open a checking account with them, try opening at one of these thrift banks or savings banks offering checking accounts.

The same with the big banks, many savings banks also require you to have already opened and maintained a savings account with them for at least 6 months before you can apply for a checking account. Or they require a referral from one of their business clients or bank officers. You are also asked to tell them your main purpose in opening a checking account.

Manage your checking account strictly:

• Fund your checking account fully on time for every check that you issue
  • Your checking account should be fully funded before start of banking hours on date of check.
• Keep secure your checking account booklet
• Do not issue blank checks
• Do not issue a check unless your checking account is funded first.
• Make sure you have incoming money to fund Post-Dated Checks (PDCs), such as payments for a condo, house, rent, car, etc.
  • If your PDC date falls on a Saturday, Sunday or holiday, make sure your checking account is funded on the Friday before that Saturday or Sunday, or the business day before that holiday. Banks holding PDCs usually deposit PDCs on those Fridays or business days.

22 Helpful Tips for New Owners of Checking Accounts

Here is a list of thrift banks or savings banks that offer checking accounts:

1 1st Valley Bank
2 AllBank
3 Bangko Kabayan
4 Bank of Makati
5 Bank One Savings
6 BPI Direct BanKO
8 Card SME Bank
9 Century Savings Bank
10 China Bank Savings
11 City Savings Bank
12 Citystate Savings Bank
13 Dumaguete City Development
15 Equicom Savings Bank
17 First Consolidated Bank
18 Hiyas Banking Corp.
19 HSBC Savings Bank
20 LOLC Bank Philippines (formerly Inter-Asia Development Bank)
21 ISLA Bank
22 Luzon Development Bank
23 Makiling Development Bank
24 Malayan Savings Bank
26 Pacific Ace Savings Bank
27 Penbank
28 Philippine Business Bank
29 Philippine Savings Bank
30 Producers Savings Bank
31 Queen City Development Bank
32 Rizal Microbank
33 Sterling Bank of Asia
34 Wealth Development Bank
35 Yuanta Savings Bank

Reference: BSP Directories

Do you want to open your checking account with one of the top savings banks in our country?

Here’s a list of the biggest savings banks in the Philippines.