Security Bank Corporation (PSE:SECB) has formalized a partnership 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 access to a special Time Deposit rate—delivering a more seamless and secure banking experience aligned with the Bank’s BetterBanking commitment.
Under the partnership, SRRV applicants may open their Security Bank accounts as part of the SRRV process and enjoy an exclusive Time Deposit (TD) rate, premium onboarding support, and priority relationship management. Account opening and servicing are handled at the Bank’s Reposo-J.P. Rizal Branch in Makati City, the Bank’s dedicated hub for SRRV retirees.
As part of the enhanced onboarding experience, eligible clients may also be offered enrollment in Security Bank’s VIP Gold Circle Membership program. Depending on individual qualifications, additional privileges may include access to a Platinum Mastercard (subject to credit approval), unlimited free InstaPay and PESONet transfers, and unlimited free BancNet ATM withdrawals nationwide.
“This partnership represents our BetterBanking commitment by offering a strong customer value proposition—one that makes banking easier, safer, and more rewarding,” said Leslie Y. Cham, EVP and Branch Banking Group Head, Security Bank. “Our goal is to make these clients feel that Security Bank is not just a place to keep their funds—but a trusted partner as they begin a new chapter in the Philippines.”
The SRRV is a Philippine visa program administered by the PRRA that allows foreign nationals and returning Filipinos aged 40 and above to live, retire, and invest in the country with long-term residency benefits. The PRA is a government-owned and controlled corporation under the Department of Tourism.
Benefits for SRRV retirees with Security Bank
Exclusive Time Deposit rate – Higher than standard market rates.
Gold Circle privileges – Priority queuing across branches, waived fees for certificates, statements, and OTC transactions, complimentary annual checkbook, optional Platinum Mastercard (subject to credit approval).
Tailored for retirees – Available exclusively to SRRV holders aged 40 and above.
Family inclusion – Spouses and dependents may also enjoy SRRV banking benefits.
Easy entry and continuity – Simple Time Deposit placement with automatic renewal aligned to SRRV visa terms.
Dedicated support – Account opening and servicing handled at the Security Bank Reposo-J.P. Rizal Branch.
“Our partnership with Security Bank is built on a foundation of trust and a shared commitment to serve our retirees with excellence,” said Roberto Z. Zozobrado, Chief Executive Officer and General Manager of the Philippine Retirement Authority. “Through this collaboration, we are confident that SRRV members will enjoy a seamless and secure banking experience that supports their transition to a fulfilling retirement in the Philippines.”
SRRV clients may initiate account opening 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.