What is the initial deposit to open an account with Philippine National Bank (Europe) Plc?
Initial Deposit Type of Account
Sterling Savings Account |
£50 |
Sterling Time Deposit Account |
£5000 |
US Dollar Savings Account |
US$ 200 |
US Dollar Time Deposit |
US$ 5,000 |
How much is the interest rate?
Sterling Savings Account – 0.50% per annum gross
US$ Savings Account - 0.25% per annum gross
Euro Savings Acct - 0.50% per annum grossTime Deposit Sterling Savings Account. The following interest rates are payable gross per annum.
British Pounds - Time Deposit Interest Rates
The following interest rates are payable gross per annum.
Effective as of: 10 November 2008
Amount |
1 month |
3 months |
6 months |
9 months |
12 months |
£250,000 + |
3.25 |
3.25 |
3.25 |
3.25 |
3.25 |
£100,000 - £249,999 |
3.15 |
3.15 |
3.15 |
3.15 |
3.15 |
£50,000 - £99,999 |
3.05 |
3.05 |
3.05 |
3.05 |
3.05 |
£10,000 - £49,999 |
2.95 |
2.95 |
2.95 |
2.95 |
2.95 |
£5,000 - £9,999 |
2.85 |
2.85 |
2.85 |
2.85 |
2.85 |
US Dollar $ - Time Deposit Interest Rates
The following interest rates are payable gross per annum.
Effective as of: 10 November 2008
Amount |
1 month |
3 months |
6 months |
9 months |
12 months |
$50,000 + |
0.50 |
0.50 |
0.50 |
0.50 |
0.50 |
$5,000 - $49,999 |
0.45 |
0.45 |
0.45 |
0.45 |
0.45 |
Euro € - Time Deposit Interest Rates
The following interest rates are payable gross per annum.
Effective as of: 10 November 2008
Amount |
1 month |
3 months |
6 months |
9 months |
12 months |
EUR5,000 + |
2.00 |
2.00 |
2.00 |
2.00 |
2.00 |
Subject to change without prior notice.
Is it possible to open an account in the Philippines
thorough PNB (Europe) Plc? YES
What are the requirements in opening an account?
Proof of Identity (Original or a certified 'true copy')
- Passport
- Full UK driver's licence
Proof of Address
- utility bill (electricity, water, gas, landline phone)
- council tax bill
- pension book
- rent book
- full UK driving licence (if not used as proof of identity)
The person certifying your document/s should legibly place their name, address, contact number, and company seal, where applicable.
Non-UK passport holder : documents can be certified ‘true copy’ by a solicitor, UK Banker (where your account is being maintained), GP/doctor, consulate of the Philippine Embassy or by senior PNBE Bank Officer.
UK passport holder: documents can be certified ‘true copy’ by a banker, solicitor, accountant, doctor, minister of religion, post/sub postmaster or an authorised financial intermediary.
What is the minimum amount to earn interest and does this include the charges?
Type of Deposit Minimum + Amount Charges
Peso Regular Savings Account £100 or Php 10,000 + £5
Peso Time Deposit (PNBig) £250 or Php 25,000 + £5
Can I update my PNB Philippine passbook?
• YES, at London Main Office, 128 Queen Victoria Street, London EC4V 4HR
• For all regular remitters - FREE OF CHARGE
• For non-PNBE remitter - £20 fee
Can I give my remittance instructions over the phone? Yes
Can I buy Philippine Peso notes?
Unfortunately NOT, we do not sell Philippine Peso notes due to its limited use for trade in the UK.
What are the business hours of Philippine
National Bank (Europe) Plc?
Contact Number and Bank Operating Hours
London Main Office
128 Queen Victoria St.
London, EC4V 4BJ
Tel. 020 7397 1340
Fax. 020 7653 1403Monday to Friday
9:30am to 3:00pmNotting Hill Gate Extension Office
10 Pembridge Road
Notting Hill Gate
London, W11 3HL
Tel. 020 7792 9647
Fax: 020 77929812Monday to Friday
9:30am to 5:30pmSaturday and Sunday
10:00am to 2:00pm