If you are a US Pensioner, you can now receive the proceeds of your pension via direct credit to your China Bank savings account. Simply visit the nearest China Bank branch to enroll in the program.
- Peso Passbook Savings: P 1,000
- US Dollar Savings: $100
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- Peso Passbook Savings: P 1,000
- US Dollar Savings: $100
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Passbook |
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- Credit to Peso Passbook Savings: $1.50 + Documentary Stamps Tax
- Credit to US Dollar Savings: $3.00
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- Recipients of Social Security Administration (SSA) payments
- World War II Veterans
- American Military and Civil Personnel
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- Submission of the Notice of Award
- Completed Direct Deposit Sign-up Form
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- Pension credit to a Peso Passbook Savings is subject to Documentary Stamps Tax (P 0.30 for every P 200.00 or fraction thereof)
- PDIC Coverage: up to P 500,000 per depositor
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