Security Bank Partners With PRA to Offer Retiree Banking Privileges

Security Bank Corp. has entered into a strategic partnership with the Philippine Retirement Authority (PRA) to provide priority banking services to foreign and returning Filipino retirees.

The collaboration aims to streamline financial requirements for those applying for the Special Resident Retiree’s Visa (SRRV).

Under the agreement, SRRV applicants can open Security Bank accounts as part of their visa application process.

The bank offers these clients an exclusive Time Deposit rate, along with dedicated onboarding support and relationship management services.

To facilitate these services, the bank has designated its Reposo-J.P. Rizal Branch in Makati City as the central hub for SRRV retirees, handling both account opening and ongoing servicing.

Eligible clients may also qualify for enrolment in Security Bank’s Gold Circle Membership programme.

Members of this programme receive a range of privileges, including priority queuing at branches and waived fees for bank certificates, statements, and over-the-counter transactions.

Additional benefits include a complimentary annual chequebook, an optional Platinum Mastercard, and unlimited free transfers via InstaPay and PESONet.

Members can also access unlimited free withdrawals at BancNet ATMs nationwide.

The bank confirmed that these banking benefits extend to the spouses and dependents of the primary retiree.

Furthermore, the bank has structured its Time Deposit placements with automatic renewal features to align specifically with SRRV visa terms.

Featured image: Edited by Fintech News Philippines based on an image by sodawhiskey via Freepik.

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