MICRO SAVINGS

Cebuana Lhuillier Micro Savings aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account in the philippines and doesn’t require a maintaning balance.

Filipino citizens as young as 7 years old are qualfied to open an account, which can be considered as a “kids savings” or “junior savings” account.

Product Details

Interest Rate Per Annum	0.30%
Minimum Balance to Earn Interest	Php 500
Minimum Maintaining Balance	None
Dormancy Period	None
Maximum Account Balance	Php 50,000
Deposit Amount	Min. Php 50; Max Php 50,000
Withdrawal Amount	Min. Php 100; Max Php 5,000
Deposit Fee	FREE
Number of Allowed Withdrawals Per Day	3
Withdrawal Fee	May be subject to rates
Requirements to Open An Account	1 valid government ID
24k Card Fee (For Non-24k Card Holder)	Php 100

Requirements to open a Micro Savings account

Application form
1 Valid Government ID
P50 minimum initial deposit

Who are qualified to open an account?

All Filipino citizens aged at least 7 years old

List of accepted Government/Valid IDs

Passport
Driver's License
Professional Regulation Commission (PRC) ID
National Bureau of Investigation (NBI) Clearance
Police Clearance
Postal ID
Voter's ID
Government Service Insurance System (GSIS) e-Card
Social Security System (SSS) ID
Senior Citizen’s ID
Overseas Workers Welfare Administration (OWWA) ID
OFW ID
Seaman's Book
Alien Certification of Registration (ACR)
Barangay Certificate or ID (with picture and signature)
Birth Certificate (applicable to minors only)
Firearm License
Immigrant Certificate of Registration
Marriage License
National Council for the Welfare of Disabled Persons
New TIN ID
OWWA ID
Student ID
Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
Department of Social Welfare and Development (DSWD) Certification
Integrated Bar of the Philippines ID (IBP)
Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

Deposits are insured by PDIC up to P500,000 per depositor.