Open a Savings Account with only 50 Pesos! | Cebuana Lhuillier Micro Savings

Cebuana Lhuillier dreams to give pinoys a chance to have their own financial freedom. They recently launched Cebuana Lhuillier Micro Savings as a solution to why most pinoys don't really have their own bank account. This is also in line with Bangko Sentral ng Pilipinas (BSP)advocacy on ensuring financial inclusion in the country.

A lot of things are talked about on their #KayaNaKaCebuana Financial Forum, with guests Ms. Pia Bernadette Roman-Tayag, Managing director of Center for learning and Inclusion Agency from BSP and Sen. Chiz Escudero explaining the whys of our fellow farmers and citizens living in the rural areas not getting their own savings account. Even if we all know how dangerous it is to keep our money under our beds and in our homes. And that pertains not only to our middle class citizens, but also those who are living below the minimum wage income.

Jean Henri Lhuillier (President and CEO of PJ Lhuillier Group of Companies)

Cebuana Lhuillier Microsavings is an interest-bearing savings product by Cebuana Lhuillier Rural Bank that allows depositors to save up to PHP50,000 using the 24K Cebuana card.

With Micro Savings, opening a bank account is easier, affordable, and accessible to every Filipino because:

• While there are not as much rural banks available in all provinces of the country, there is at least a nearby Cebuana Lhuillier Pera Padala Center available for our deposit and withdrawal needs. There's at least 2500 branches nationwide!
• You only need one Valid ID.
• The minimum initial deposit is 50 Php.
• There is no maintaining balance
• No transaction fees needed for withdrawal and deposit
• No dormancy charges
• Cebuana Lhuillier Micro Savings account earns interest per year if the account has an average daily balance of Php 500.

Easier than 1-2-3 am I right? Here are other details that you might be wondering with the Cebuana Lhuillier Micro Savings:

How to Open a Micro Savings Account

The requirements are:

1. 1 Photo bearing Government issued ID 
2. 50 pesos initial deposit

Here's a list of the valid ID's accepted for opening a Micro Savings Account:

• ACR Alien Certification of Registration
• Birth Certificate for minors 
• Barangay Certificate with picture and signatory
• Company ID
• Driver’s License
• DSWD certificate
• PAGIBIG ID
• Philhealth ID
• Police Clearance
• NBI CLearance
• School ID
• Voters ID
• IBP Integrated Bar of the Philippines
• NEW TIN ID
• OFW ID
• OWWA ID
• GSIS Ecard
• Seaman’s book
• Marriage certificate 
• PRC Professional Regulatory Commission

And if you're wondering, the maximum amounts of withdrawal you can do with your account is 3x a day. The minimum cash deposit is Php 50 while the maximum cash deposit is Php 50,000. As for the withdrawals, minimum amount is 100 php up to 5,000 php. You also can only withdraw with the card for now, but they are also planning to open up their own mobile app for this soon so you can keep track of your savings easier.

So what are you waiting for? Get saving now with Cebuana Lhuillier Micro Savings!

For more details please contact them here:
cebuanacares@pjlhuillier.com
Visit  Cebuana Lhuillier’s Facebook page at facebook.com/CebuanaLhuillierPawnshop
You may also send an SMS to the following numbers:

• 0917-8122737 (Globe and Viber)
• 0918-8122737 (Smart) 

or call the following hotlines:

• (02) 779-9800 (PLDT)
• (02) 759-9800 (Globelines)