Security Bank partners with PRA to offer retirees priority banking

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SECURITY BANK Corp. has partnered with the Philippine Retirement Authority (PRA) to provide foreign and returning Filipino retirees priority banking privileges and special deposit rates.

In a statement on Sunday, the bank said under the partnership, retirees applying for the Special Resident Retiree’s Visa (SRRV) may open Security Bank accounts as part of the application process and with an exclusive Time Deposit rate, premium onboarding support, and priority relationship management.

Account opening and servicing are handled at the Reposo-J.P. Rizal Branch in Makati City, the bank’s dedicated hub for SRRV retirees.

Eligible clients may also be offered enrollment in Security Bank’s VIP Gold Circle Membership program.

Privileges under the program include priority queuing across branches, waived fees for certificates, statements, and over-the-counter transactions, complimentary annual checkbook, an optional Platinum Mastercard, unlimited free InstaPay and PESONet transfers, and unlimited free BancNet ATM withdrawals nationwide.

Spouses and dependents may also enjoy SRRV banking benefits.

Simple Time Deposit placement with automatic renewal for retirees are likewise aligned to SRRV visa terms. — Aaron Michael C. Sy