CB Accounting Services provides corporate and business bank account opening assistance for local and foreign-owned companies in the Philippines. As part of our business setup and compliance support, we help businesses prepare and coordinate the requirements needed to open a bank account under the company’s name.
Opening a corporate bank account is a critical step after company registration, allowing businesses to properly manage funds, receive payments, remit taxes, and comply with regulatory requirements.
Banks in the Philippines have their own internal policies, documentary requirements, and approval processes. These may vary by bank, branch, and business profile.
At CB Accounting Services, we assist clients by helping them prepare the required documents, complete bank forms, and coordinate with their chosen bank to support a smoother account opening process.
A corporate or business bank account is an account opened in the name of a registered business entity. It is used to:
While the terms corporate and business bank account are often used interchangeably, banks may apply different requirements depending on the size and structure of the business (e.g., corporation, partnership, or sole proprietorship).
Banks typically require completion of their prescribed forms and submission of supporting documents. While requirements vary, common documents include:
We help clients identify which documents are required based on their chosen bank and business profile.
If you engage CB Accounting Services, our assistance generally includes:
We assist in organizing and reviewing company documents and identification requirements needed for bank submission.
We help clients complete the required bank forms accurately to reduce back-and-forth and avoid common errors.
We assist in coordinating submission and follow-ups with the chosen bank branch during the evaluation process.
Once approved, we assist in the basic setup of the account and online banking access, as applicable.
Note: Final approval and timelines are subject to the bank’s internal policies and assessment.
Corporate bank account requirements vary by bank. Most banks require:
Actual amounts depend on the bank, account type, and branch. We recommend confirming current requirements directly with your chosen bank, as policies may change.
Once the corporate bank account is successfully opened, you may receive:
These allow you to manage business transactions, tax payments, and statutory remittances efficiently.
We help clients understand bank requirements and prepare complete documentation before submission.
Corporate bank account opening is part of a broader setup process. We assist alongside company registration, permits, and tax compliance.
We keep clients informed of requirements, next steps, and expectations throughout the process.
We help ensure documents and authorizations align with regulatory and banking standards to reduce delays.
Set up your business finances properly from the start.
Contact CB Accounting Services to discuss your corporate bank account opening requirements and next steps.