To open a basic deposit account, RCBC requires its clients to bring a valid ID or latest barangay certificate, as well as a P100 initial deposit. The account does not have a minimum daily balance requirement and comes with access to RCBC's online banking facility and a Mastercard-enabled debit card.11 Oct 2018
What is the minimum balance for opening account?
A minimum opening deposit is a certain amount of money—usually $25 to $100—that a bank or credit union requires you to deposit to open a checking or savings account. Some financial institutions do not require a minimum opening deposit.24 Nov 2021
How much is the maintaining balance of RCBC ATM card?
For our Regular Savings Account with ATM the minimum initial deposit and minimum maintaining balance is P3,000 while for our Regular Savings Account with Passbook, the minimum initial deposit and maintaining balance is P10,000. You may open an account by visiting your preferred RCBC branch.
Is RCBC a government bank?
Today, RCBC firmly holds its place among the five largest private domestic commercial banks in the Philippines. Along with its thrift banking subsidiary RCBC Savings Bank, RCBC continues to boost its network of over 350 branches nationwide.
Is RCBC a commercial bank?
Established in 1960, Rizal Development Bank started as a small development bank in the humble province of Rizal. It received the Central Bank's approval to operate as a commercial bank in December 1962, and commenced operations under its present name in January 1963.
Is RCBC a thrift bank?
Rizal MicroBank A Thrift Bank of Rizal Commercial Banking Corporation (RCBC) is one of the youngest affiliates under the Yuchengco Group of Companies.
What is RCBC known for?
Since its establishment in 1960, RCBC has been a pillar of the banking industry, providing a wide range of financial services to its customers through its retail and investment bank, microfinance unit, foreign exchange brokerage house, leasing company and overseas remittance tie-ups.
What type of bank is RCBC bank?
Type Public
------------ ----------------------------------------------------------------------------------------
Total assets ₱772.11 billion(2020)
Owners Yuchengco Group of Companies Cathay Financial Holdings International Finance Corporation
Parent Yuchengco Group of Companies
Website www.rcbc.com
Who owns the RCBC?
the Yuchengco Group of Companies
Is RCBC a trusted bank?
Rizal Commercial Banking Corporation (RCBC) has been named the Best Retail Bank of 2021 at the Global Banking and Finance Award (GBAF) for trailblazing initiatives that made banking more accessible and that safely transitioned clients to a better normal amid the pandemic.24 May 2021
What is RCBC bank in the Philippines?
The Rizal Commercial Banking Corporation (RCBC) was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking.
Is RCBC a stable bank?
According to Moody's, the credit rating of RCBC warranted a downgraded to due weak asset quality and deteriorating capital. But Moody's nevertheless upgraded its outlook on RCBC to “stable” from “negative” on expectations that “higher core profitability will mitigate risks to asset quality.”3 Dec 2021