How to open account in RCBC: Guide on types of accounts and requirements for Filipinos

RCBC¹ is a popular bank for deposit accounts, loans, investments and more. If you want to use RCBC to open a savings account, or if you’re thinking of applying for the exclusive Hexagon club instead, this guide is for you.

We’ll look at how to open an account in RCBC and also how to open a Hexagon RCBC account, including account requirements and minimum deposits. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Requirements to open RCBC account

The requirements to open a RCBC account can vary depending on the account type you select. However, in general you’ll need to provide:

• Proof of your identity
• Proof of your address
• Personal and contact information
• Minimum balance requirement

There are some different options for proving your identity and address, depending on your situation and what paperwork you can provide. Here are the most commonly used documents².

RCBC open account requirements - ID documents:

• Passport
• Postal ID (2016)
• Driver's License
• SSS ID
• Philippine UMID
• Philippine Identification (PhilID)
• PRC ID

RCBC open account requirements - Proof of address documents³:

• Valid government issued photo ID
• Employer ID
• Utility bills or tax correspondence
• Home delivery receipts for known retailers and couriers
• Bank or credit card statement

As well as providing your proof of ID and address, you’ll need to pay in the minimum deposit amount required by the account you’ve selected. This varies - we’ve got a summary of the deposits needed for different RCBC account types coming right up.

Open RCBC savings account

RCBC has PHP and USD savings accounts⁴, as well as foreign currency savings accounts⁵ and time deposit accounts⁶.

With RCBC savings accounts you’ll usually find there’s a minimum opening deposit required, which is also often the minimum balance you must maintain to avoid fall below fees. There’s then also a minimum balance needed to earn interest, which can be a lot higher. The fall below fee, where it applies, is usually 500 PHP/month for a personal customer⁷. If you have a dollar account, the fall below fee is 10 USD/month instead.

Here are the minimum balance requirements for the most commonly selected RCBC savings accounts:

*Details correct at time of research - 30th September 2025

If you’re more interested in a time deposit account, you’ll need a minimum deposit of 5,000 PHP or more for terms of 30 days to 1 year - and 100,000 PHP for any longer than that. You will not be able to access your money during the agreed term without facing penalties.

Open RCBC Hexagon account

The RCBC Hexagon club⁸ offers Hexagon Privilege and Hexagon Priority membership levels for customers with a PHP checking or savings account. This is intended for high earning and high net worth individuals, and can help you to unlock rewards, perks and VIP banking services.

The minimum deposit amounts required are:

Hexagon Privilege membership - 100,000 PHP
Hexagon Priority membership - 1 million PHP

If you qualify for Hexagon membership you’ll get perks like priority service in a branch, and may also be able to get reduced or waived fees on some transactions.

Open joint account in RCBC

RCBC offers joint accounts for personal customers which can be ‘AND’ accounts or ‘OR’ accounts, depending on the level of access required. If you choose an ‘AND’ account, all signatories are required to agree before a transaction is made, while ‘OR’ accounts allow any one member to transact on behalf of the other account holders.

RCBC doesn’t market any specific account as a joint account product, but you’ll be able to check with a member of the branch staff to see if the account you choose can be opened in joint names when you apply.

How to open account in RCBC: Step-by-step guide

You can open a RCBC account online or using your mobile in most cases, which means you don’t need to go to a branch if you’d prefer to get started remotely. Here are your options.

How to open RCBC account online

The process to open a RCBC account digitally depends on whether it’s your first account with RCRC or not.

If you’re new to RCBC you will apply using the Pulz app, while existing RCBC customers can use their RCBC app to add their accounts to Pulz, and to apply directly for a new account. Here’s the process to follow:

New RCBC customers:

1. Download the Pulz app and click Sign Up Now
2. Tap Open a new RCBC account
3. Complete the application and upload your ID documents

Your account will be available to you once verified.

If you’re already an RCBC customer, you can log into your RCBC app, and follow the steps to sign up for Pulz. This will then allow you to add your existing accounts to the app, before applying for any additional accounts you may need.

How to open RCBC account in-person

If you’d prefer you can open your RCBC account in person by visiting a branch. Take along the proof of ID and address that’s needed for your specific account, and also the minimum deposit amount.

A member of the RCBC team will talk you through the application form and help you open your account. You can then make your minimum deposit with cash, write a check, or make an electronic transfer from another bank.

Need to manage multiple currencies? Convert to hold, send, or spend pesos and other foreign currencies with Wise

The Wise account is an easy way to hold and exchange 40+ currencies, including PHP, USD, CNY, and more. All you need to do is create a free account to get started.

With Wise, you can exchange currencies at the mid-market rate each time, with low, transparent conversion fees from 0.57% and absolutely no markups. Plus, you can order a Wise card for convenient spending at the same great rate, without any foreign transaction fees. At times you need cash, you can also make up to 2 free ATM withdrawals to the value of 12,000 PHP when you're overseas. You'll even get 8+ local account details to get paid conveniently to your Wise account in PHP and a selection of other major global currencies.

Sending money or making payments abroad? Wise also offers fast, low cost transfers to 140+ countries - you can track your transfer in your account and your recipient will also be notified when a transfer reaches them.

🚀 Get started with Wise

Frequently asked questions (FAQ)

How much do I need to open an RCBC savings account?

RCBC has many different savings account options, which often have a minimum opening deposit. The iSave account has no minimum opening deposit, while the Basic Saver has a minimum opening deposit amount of 100 PHP. Other savings accounts have a minimum opening deposit from 3,000 PHP to 25,000 PHP.

Where can I find the RCBC application form to open an account?

If you’re a new customer with RCBC you’ll be able to download the Pulz app and apply using their mobile process. If you’re already an RCBC customer you can also sign up to Pulz through the RCBC app. Customers who prefer face to face service can visit a branch where a teller will be able to support them to apply and get verified.

What is an RCBC ATM savings account?

RCBC offers some savings accounts with two different versions - an ATM account and a passbook account. The RCBC ATM savings account offers an ATM card with no passbook, and has a lower minimum deposit amount of 3,000 PHP compared to the passbook account which needs 5,000 PHP. In both cases you need 25,000 PHP in your account to start earning interest.

1. RCBC
2. RCBC online account opening
3. RCBC account requirements
4. RCBC savings accounts
5. RCBC foreign currency accounts
6. RCBC time deposit
7. RCBC fees
8. RCBC Hexagon club