Philtrust slashes ATM savings balance to ₱500

In a move poised to champion financial inclusion in the country, Philtrust Bank has officially relaunched its ATM Savings Account with a reduced balance requirement.

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Effective July 15, 2025, Philtrust Bank has slashed both the initial deposit and the maintaining balance to a mere P500 as part of its commitment to making formal banking accessible to a broader, and often underserved, segment of the Filipino population.

For years, the hurdle of high maintaining balances has kept many potential savers—especially students, minimum-wage earners, and those living in far-flung communities—outside the formal banking system. This is where Philtrust Bank's strategic adjustment creates real impact.