A bank certificate is normally a single page document which verifies that a consumer or client has an active account with the said bank. It further consists of name of client, business name as well as latest available balance. A certificate of deposit (CD) is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs differ from savings accounts in that the CD has a specific, fixed term (often one, three, or six months, or one to five years) and usually, a fixed interest rate.

1. Bank Certificate Request Letter
2. Bank Account Certificate Letter

• Advertised rate and APY are offered at the bank's discretion and may change daily. Return to content, Footnote 2 Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate.
• The bank certificate can be obtained from the bank branch on account of the following reasons:. Signature attestation - the customer has to sign the specimen signature card and the bank will attest the signature by signing the attestation and aff.

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Bank Certificate Request Letter

Open a Chase Certificate of Deposit

You must be an existing Chase checking customer to open online.

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Certificate of Deposit FAQ

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A certificate of deposit, or CD, is a deposit account with us for a specified period of time.

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$1,000

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We use the daily balance method to calculate interest on your CD. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate interest on a 360-day basis. The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the Deposit Account Agreement and rate sheet for further details.

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There is a penalty for withdrawing principal prior to the maturity date. For Personal CDs:

• If the term of the CD is less than 6 months, the early withdrawal penalty is 90 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
• If the term of the CD is 6 months to less than 24 months, then the early withdrawal penalty is 180 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
• For terms 24 months or more, the early withdrawal penalty is 365 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
• If the withdrawal occurs less than seven days after opening the CD or making another withdrawal of principal, the early withdrawal penalty will be calculated as described above, but it cannot be less than seven days’ interest.
• The amount of your penalty will be deducted from principal.

See the Deposit Account Agreement and rate sheet for further details

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The maturity date is the last day of your CD’s term. The grace period begins the following day and lasts for 10 days – this is when you can make changes to your CD. Go to chase.com/cdmaturity to learn more about what options you have when your CD matures.

Find a Chase ATM or branch

Bank Account Certificate Letter

To find a Chase ATM or branch near you, tell us a ZIP code or an address.

Open a Chase Certificate of Deposit

You must be an existing Chase checking customer to open online.

Open a CD account See rates and terms to fit your needs

Certificate of Deposit FAQ

expand

A certificate of deposit, or CD, is a deposit account with us for a specified period of time.

expand

$1,000

expand

We use the daily balance method to calculate interest on your CD. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate interest on a 360-day basis. The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the Deposit Account Agreement and rate sheet for further details.

expand

There is a penalty for withdrawing principal prior to the maturity date. For Personal CDs:

• If the term of the CD is less than 6 months, the early withdrawal penalty is 90 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
• If the term of the CD is 6 months to less than 24 months, then the early withdrawal penalty is 180 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
• For terms 24 months or more, the early withdrawal penalty is 365 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
• If the withdrawal occurs less than seven days after opening the CD or making another withdrawal of principal, the early withdrawal penalty will be calculated as described above, but it cannot be less than seven days’ interest.
• The amount of your penalty will be deducted from principal.

See the Deposit Account Agreement and rate sheet for further details

expand

The maturity date is the last day of your CD’s term. The grace period begins the following day and lasts for 10 days – this is when you can make changes to your CD. Go to chase.com/cdmaturity to learn more about what options you have when your CD matures.

Find a Chase ATM or branch

To find a Chase ATM or branch near you, tell us a ZIP code or an address.

A bank certificate is a statement from your bank that says you have this particular amount of money. To differentiate a bank certificate from a bank statement, the bank statement shows your statement of account in a certain period. It shows the debits and credits on your account. However, the certificate is just a piece of paper authorizing the amount of money you have. Although the statement is a bit more vast, the bank certificate is one major requirement for a tourist visa application. Why? Because it certifies that you have the financial capability to visit the country you wish.

So how do you get a bank certificate in Banco De Oro (BDO)? To start, BDO can provide a solution to this dilemma in acquiring bank certificates. You can use this for:

Read: How Can I View My BDO Savings Account Withdrawal History

• Your visa application
• When you plan to start a business or;
• If you need to prove the funds that you have

Though for some, this might be hassle or even a big obstacle, it’s actually easy.

So how do you get your bank certificate in BDO?

Step 1: First, you need to visit the BDO branch where you opened your account. This is essential because this is where your documents/credentials/papers are.

Step 2: Once you reach the branch, proceed to the teller and say that you are requesting for a bank certificate. After this, the bank will then give you a form that you need to fill out.The things you would need to put are:

• Account Name
• Account Number
• Addressee (If it’s for visa)
• Address
• Date To Be Certified;

You know, this would mostly include the details about why you are planning to get a bank certificate.

• Ensure that all information is correct before submitting it to avoid corrections.
• This would incur a fee of Php100.00
• For the release of your certificate, BDO usually releases these the next day after your application.

Pasted below is a sample of this statement.

To be honest, it’s pretty simple but straightforward. It shows what it’s meant for without any hassle or misdirection. Agencies and companies who would be needing it would easily identify and distinguish it.

It would show where you want it to be addressed, the type of account, the amount in your account as of date, and relevant information that would aid you in your application/start-up. It is signed by both the BDO branch head and the Marketing Officer which is a clear indication that this is true. If you’re planning to have this for a visa, embassies would usually prefer the original copies of bank certificates. You don’t have to worry, though since you now know how easy it is to get a copy.