Security Bank Offers Exclusive Banking Privileges and Special Time Deposit Rates for Retirees in Partnership with Philippine Retirement Authority

Security Bank Corporation (PSE: SECB) has partnered with the Philippine Retirement Authority (PRA) to provide foreign and returning Filipino retirees applying for the Special Resident Retiree’s Visa (SRRV) with priority banking privileges and attractive Time Deposit rates.

This collaboration reinforces Security Bank’s commitment to making banking seamless, secure, and tailored to the needs of retirees.

Under this partnership, SRRV applicants can open Security Bank accounts as part of their visa process, gaining access to an exclusive Time Deposit rate, dedicated onboarding support, and priority relationship management. All account opening and servicing for SRRV retirees will be handled at Security Bank’s Reposo-J.P. Rizal Branch in Makati City, the Bank’s specialized hub for retiree banking.

Eligible clients may also be invited to join Security Bank’s VIP Gold Circle Membership, which offers perks such as access to a Platinum Mastercard (subject to credit approval), unlimited free InstaPay and PESONet transfers, and free BancNet ATM withdrawals nationwide.

“This partnership reflects our BetterBanking promise, making banking easier, safer, and more rewarding for our clients,” said Leslie Y. Cham, EVP and Branch Banking Group Head at Security Bank. “We want our retirees to see Security Bank not just as a place to manage their funds, but as a trusted partner in this exciting new chapter of their lives.”

The SRRV is a visa program administered by the PRA that allows foreign nationals and returning Filipinos aged 40 and above to retire, live, and invest in the Philippines with long-term residency benefits. The PRA operates under the Department of Tourism and is committed to supporting retirees’ smooth transition into Philippine life.

Key Benefits for SRRV Retirees with Security Bank

Exclusive Time Deposit rates: Earn higher interest than standard market rates.

Gold Circle privileges: Priority service at branches, waived fees for certificates, statements, and OTC transactions, complimentary annual checkbook, and optional Platinum Mastercard (subject to credit approval).

Tailored for retirees: Designed exclusively for SRRV holders aged 40 and above.

Family inclusion: Spouses and dependents may also enjoy SRRV banking benefits.

Seamless process: Simple Time Deposit placement with automatic renewal aligned with SRRV visa terms.

Dedicated support: All account opening and servicing handled at Security Bank’s Reposo-J.P. Rizal Branch.

“Our collaboration with Security Bank is founded on trust and a shared commitment to serve our retirees with excellence,” said Roberto Z. Zozobrado, CEO and General Manager of the Philippine Retirement Authority. “Through this partnership, SRRV members will enjoy a seamless and secure banking experience that supports a fulfilling retirement in the Philippines.”

SRRV clients can start the account opening process through PRA channels and complete onboarding at Security Bank’s Reposo-J.P. Rizal Branch, located at Kalimera Building, Nicanor Garcia Street corner J.P. Rizal Avenue, Makati City.