Home Money Transfers Cebuana Lhullier How to Open Cebuana Lhuillier Micro Savings Account 

How to Open Cebuana Lhuillier Micro Savings Account 

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Cebuana Lhuillier is a company that provides financial services to many Filipinos. Recently, Cebuana launched its new product the micro-savings account. The main objective of this product is to give opportunity to Filipinos who don’t have bank accounts to start a new way of saving option.

Unlike opening a savings account in the bank, with Cebuana Lhuillier Micro Savings the client can save money in an affordable and more convenient way. This product of the company follows the standard deposit framework of the Bangko Sentral ng Pilipinas keeping in mind the required financial inclusion.

According to the Chief Executive Officer and President of Cebuana Lhuillier, they offer different products to their clients from pawning or collateralized loans, micro-insurance, remittance services, and the most recent, the micro-savings.

All the products of Cebuana Lhuillier were tailored to suit all Filipinos particularly those who don’t have financial capability to save in banks. With its new product, clients can have the chance to save with minimal amount and expect to earn an interest. Through the 24K Cebuana card, the client can save the maximum amount of Php50,000.

How to open Cebuana Lhuillier Micro Savings account 

It’s very easy to open an account with Cebuana Lhuillier Micro Savings. The client will only present one valid ID and Php50.00 initial deposit. The client can deposit or withdraw cash from the account in the nearest Cebuana Lhuillier branch.

Interested individuals can open an account by filling out the client information sheet and customer information file sheet. Submit the accomplished form along with the Php50 initial deposit and valid ID. There’s no need to bring a photo because photo capture is done in the branch. But applicant should bring any of the following IDs listed below:

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Barangay Certification
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Philhealth
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay cert. of 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
  • 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)

It’s very easy to open an account with Cebuana Lhuillier Micro Savings. The client will only present one valid ID and Php50.00 initial deposit. The client can deposit or withdraw cash from the account in the nearest Cebuana Lhuillier branch.

Read also: How to Send and Receive Money through Palawan Express

Soon, the company will launch the eCebuana app for its micro savings holders. This way the client can send the money or check their balances easily and conveniently. They can also use the app for load prepaid credits or for paying bills.

Senator Francis Escudero said that through the innovative technologies, more Filipinos will have access to different financial services products.

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