If the bigger banks denied your application to open a checking account with them, try opening a checking account with one of these rural banks that offer checking accounts or demand deposits.
Bring: – at least 2 valid photo IDs
– initial deposit (maintaining balance amount)
– 2 ID pictures
– Be ready to explain why you need a checking account,
and how you are going to fund it.
– If you can get a referral letter, it will help you.
It can be from a long-time client of the bank,
or from your housing developer,
or your car dealer.
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RB means Rural Bank
1 1st Macro Bank Inc. (A RB)
Maintaining Balance: 5,000
2 Agricultural Bank of the Philippines Inc.
Maintaining Balance: 2,000
No interest
Penalty for falling below required balance: 100 per month
Cost of checkbook: 250
3 Aliaga Farmers RB Inc.
4 AMA RB of Mandaluyong Inc.
Initial Deposit: 5,000
Maintaining Balance: 5,000
Penalty for falling below maintaining balance: 200
5 ASPAC RB Inc.
6 AuroraBank (A Microfinance-Oriented Rural Bank) Inc.
7 Balanga RB Inc.
8 Banco De Mindoro Inc. (A RB)
9 Banco Dipolog Inc. A RB
10 Banco Laguna Inc. (A RB Since 1965)
11 Banco Maximo Inc. (A RB)
12 Bangko Kabayan (A RB)
Maintaining Balance: 5,000
13 Bangko Mabuhay (A RB) Inc.
Maintaining Balance: 5,000
Metro Manila clearing
14 Bank of Ormoc Inc. (A RB)
15 Bankways Inc. (A RB)
16 Batangas RB for Cooperative Inc.
17 Benguet Center Bank Inc. (A RB)
18 Binan RB Inc.
19 BOF Inc. (A RB)
Maintaining Balance: 5,000
Included in Metro Manila clearing
20 Butuan City RB Inc.
21 Cabanatuan City RB Inc.
22 Camalig Bank Inc. (A RB)
Maintaining Balance: 5,000
23 Cantilan Bank Inc. (A RB)
24 Card Bank Inc. (A Microfinance RB)
25 Cebuana Lhuillier RB Inc.
Initial Deposit: 5,000
Maintaining Balance: 2,000
No interest
26 Century RB Inc.
27 Classic RB Inc.
28 Community RB of Dapitan City Inc.
00 Country Builders Bank
Maintaining Balance: 5,000
Interest Rate: 0.1% per year
29 Countryside Cooperative RB of Batangas
30 CSFirst Bank Inc. (A RB)
31 Cuyapo RB Inc.
32 Diamond RB Inc.
33 Dumaguete RB Inc.
34 East Coast RB of Hagonoy Inc.
35 East West RB Inc.
Maintaining Balance: 4,000
No interest
36 Empire RB Inc.
37 Enterprise Capital Bank Inc. (Taguig RB)
38 Entrepreneur RB Inc.
39 Filidian RB of Antipolo Inc.
40 First Agro-Industrial RB Inc. (Fairbank)
Maintaining Balance: Low
Interest rate: 1% per year
41 First Community Bank Inc. (RB)
42 First United Farmers RB Inc.
43 Gateway RB Inc.
44 Guagua RB Inc.
Maintaining Balance: 5,000
For local entrepreneurs
45 Imus RB Inc.
46 Innovative Bank Inc. (A RB)
47 Insular Savers Bank Inc. (A RB)
48 Kaluyagan RB Inc.
49 Katipunan Bank (Zamboanga Del Norte) Inc. A RB
50 Koronadal RB Inc.
51 Laguna Prestige Banking Corp. (A RB)
Maintaining Balance: 2,000
If this is for a Pag-ibig housing loan, bring letter
from the developer, approved by Pag-ibig Fund.
52 Limcoma RB Inc.
53 Lipa Bank Inc. (A RB)
54 Malarayat RB Inc.
55 Mallig Plains RB (Isabela)
56 Marayo Bank Inc. (A RB)
57 Masuwerte RB of Bacoor (Cavite) Inc.
58 Mount Makiling RB Inc.
59 MVSM Bank (A RB Since 1953)
60 New RB of San Leonardo (Nueva Ecija) Inc.
00 One Network Bank
Maintaining Balance: 5,000
Penalty for below-maintaining-balance: 200 per month
61 Oriental Tamaraw RB of Naujan (Oriental Mindoro) Inc.
62 Own Bank The RB of Cavite City Inc.
63 Palm Tree Bank Inc. (A RB)
64 Panguil Bay RB of Ozamiz Inc.
65 Partner RB (Cotabato) Inc.
66 Penafrancia RB of Calabanga (Camarines Sur) Inc.
67 PlanBank RB of Canlubang Planters
Maintaining Balance: 4,000
To earn interest per quarter, maintain 20,000 for the whole quarter
68 Progressive RB Inc.
69 Quezon Capital RB Inc.
70 Rang-ay Rural Inc. (A RB)
71 RB of Abucay (Bataan) Inc.
72 RB of Agoo Inc.
73 RB of Alaminos (Pangasinan) Inc.
74 RB of Angeles Inc.
75 RB of Angono Inc.
76 RB of Antipolo Inc.
77 RB of Baco (Oriental Mindoro) Inc.
78 RB of Bacolod City Inc.
79 RB of Bacong (Negros Oriental) Inc.
80 RB of Baguio Inc.
81 RB of Bambang (Nueva Vizcaya) Inc.
82 RB of Bauang Inc.
83 RB of Bayombong Inc.
84 RB of Cabadbaran (Agusan) Inc.
85 RB of Cainta Inc.
86 RB of Calaca Inc.
87 Rural Bank of Caloocan Inc.
88 RB of Cardona (Rizal) Inc.
89 RB of Cauayan Inc.
90 RB of Central Pangasinan (Bayambang)
91 RB of Compostela (Davao del Norte) Inc.
92 RB of Digos Inc.
93 RB of Goa Inc.
94 RB of Iligan City Inc.
95 RB of Ilog (Negros Occidental) Inc.
96 RB of Iloilo City Inc.
97 RB of Infanta Inc.
98 RB of Jaen Inc.
99 RB of Jose Panganiban (Camarines Norte) Inc.
100 RB of Kawit Inc.
101 RB of Lemerey Inc.
102 RB of Liloy (Zamboanga Del Norte) Inc.
103 RB of Lipa City (Batangas) Inc.
104 RB of Lucban (Quezon) Inc.
105 RB of Mabitac (Laguna) Inc.
106 RB of Mangaldan Inc. (Bangko Rural)
107 RB of Maria Aurora (Aurora) Inc.
108 RB of Mati Inc.
109 RB of Midsayap Inc.
110 RB of Montalban Inc.
111 RB of Nagcarlan Inc.
112 RB of Naic Inc.
113 RB of Padre Garcia Inc.
114 RB of Paete Inc.
115 RB of Pagbilao Inc.
116 RB of Pandi (Bulacan) Inc.
117 RB of Pilar (Bataan) Inc.
118 RB of Plaridel (Bulacan) Inc.
119 RB of Polomolok (South Cotabato) Inc.
120 RB of Porac (Pampanga) Inc.
Maintaining Balance: 5,000
Interest rate: 0.25%
To earn interest, maintain 20,000
121 RB of Ragay (Camarines Sur) Inc.
122 RB of Rizal (Laguna) Inc.
123 RB of Rizal (Zamboanga Del Norte)
124 RB of Rosario (La Union) Inc.
125 RB of Sagay Inc.
126 RB of Salinas Inc.
127 RB of San Jose (Camarines Sur) Inc.
128 RB of San Juan (Southern Leyte) Inc.
129 RB of San Matero (Isabela)) Inc.
130 RB of San Pascual (Obando Bulacan) Inc.
131 RB of San Rafael (Bulacan) Inc.
132 RB of Sibulan Negros Oriental Inc.
133 RB of Solano (Nueva Vizcaya) Inc.
Regular checking account: No interest
134 RB of Sta Catalina Negros Oriental Inc.
135 RB of Sta Rosa (Laguna) Inc.
136 RB of Sto Domingo (Nueva Ecija) Inc.
137 RB of Talisay (Batangas) Inc.
138 RB of Tangub City (Misamis Occidental) Inc.
139 RB of Tanjay Inc.
140 San Bartolome RB Inc.
141 Saviour RB Inc.
142 SG Bank − A RB Inc.
143 South Bank (A RB) Inc.
144 Sta Maria RB Inc.
145 Sugbuanon RB Inc.
146 Summit Bank (RB of Tublay Inc.)
147 Summit RB OF Lipa City Inc.
148 Sunrise RB (Rosario Batangas) Inc.
149 Tamaraw RB Inc.
150 Tanay RB Inc.
Maintaining Balance: 4,000
151 Tiaong RB Inc. (TRBI)
Maintaining Balance: 2,000
Service charge for Below-Maintaining Balance: 300
152 Towncall RB Inc.
153 United People’s RB Inc.
154 Vizcaya Bank A RB Inc.
155 Women’s RB Inc.
156 Zambales RB Inc.
157 Zamboanga City RB Inc.
Cooperative Banks That Offer Checking Accounts
1 Cooperative Bank of Misamis Oriental
2 Cooperative Bank of Quezon Province
3 Cooperative Bank of Cebu
4 First Isabela Cooperative Bank Inc. (FICO Bank)
NOTES:
1. The checking accounts mentioned above are their basic or regular checking accounts.
Many of these rural banks also offer other types of checking accounts like corporate accounts, 2-in-1 accounts, or auto-transfer accounts.
2. As of September 4, 2015, the BSP directory of rural banks lists 500 rural banks and 29 cooperative banks.
Manage your Checking Account to Avoid Penalties
1. Maintain the required maintaining balance.
2. Fund your check before your check date.
3. If your check date falls on a Saturday, Sunday or holiday, fund your check on the business day prior to that Saturday, Sunday or holiday.
4. Write clearly and carefully. Banks no longer accept cheques with erasures, alterations and corrections even if signed by the issuer.
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Rural Banks Headquartered in Metro Manila
Top Rural Banks, 2013
Top Rural Banks, 2015
Top Rural Banks Accredited by SSS for Collections and Payments