How To Open A Cebuana Lhuillier Micro Savings Account (Ipon Na!)

Saving money is the best gift you can give to your future self and future family.

Cebuana Lhuillier unveiled the Micro Savings which will provide Filipinos a more convenient and affordable way to save money.

​An interest-bearing deposit product with a low initial deposit and has no maintaining balance. It is owned by Cebuana Lhuillier Rural Bank and is being carried by Cebuana Lhuillier Pawnshop as its cash agent, making it similar to savings bank as they accept transactions on behalf of the bank. Cebuana Lhuillier Micro Savings is currently available in close to 2,500 branches nationwide and can be availed using 24k Plus Card.

Cebuana Lhuillier Micro Savings aims to provide easier banking access to Filipinos. The product is almost the same as any regular savings account here in the Philippines and the good thing is, it doesn’t require any maintaining balance.

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

For more details, please see the table below.

​Interest Rate Per Annum	0.30%
Minimum Balance to Earn Interest	​Php 500.00
Minimum Maintaining Balance	​None
​Dormancy Period	​None
Maximum Account Balance	Php 50,000.00
Deposit Amount ​	Min. Php 50.00; Max Php 50,000.00
​Withdrawal Amount	Min. Php 100.00; Max Php 5,000.00
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
New Card Fee	​Php 150.00
Card upgrade fee (para sa existing Micro Savings account holders)	Php 75*(subject to change without prior notice)

How to open a Micro Savings account?
Go to any of Cebuana Lhuillier’s 2,500 branches nationwide and fill-out the Client Customer Information File Sheet and bring all necessary requirements.

Requirements To Open  Micro Savings Account​

• Application form
• 1 Valid Government ID

         Birth Certificate (applicable to minors only)
         Student ID (applicable only if student is currently enrolled)

• Php 50.00 minimum initial deposit
• Php150 card fee (for clients w/o 24k card), Php 75 for card upgrade

Who Are Qualified To Open An Account?​

All Filipino citizens aged at least 7 years old

List Of Accepted Government or 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)