Bank Statement for the Philippines SRRV
The Philippine Special Resident Retiree's Visa (SRRV) is built around a qualifying time deposit in an accredited Philippine bank, with lower deposit options for retirees who can prove a monthly pension. Bank statements and deposit certificates are the core evidence for the Philippine Retirement Authority. Here is how each option documents.
Key Benefits
- Evidences the SRRV time deposit in a PRA-accredited bank
- Documents monthly pension remittances for reduced-deposit options
- Shows the inward remittance trail the PRA requires for the deposit
- Supports deposit conversion into approved property investments
How It Works
- Step 1: Choose your SRRV option and confirm its deposit and pension requirements with the PRA
- Step 2: Wire the qualifying deposit as an inward remittance and keep the confirmation
- Step 3: Download statements showing the remittance and deposit placement, and convert them with Bank Statement Converter
- Step 4: For pension options, compile 6 to 12 months of statements showing pension credits
Frequently Asked Questions
- How much is the SRRV deposit?
- It varies by option and age — the SRRV Classic historically requires USD 10,000 to 50,000 depending on pension status, while other options differ. Confirm current figures with the PRA.
- Does my pension reduce the required deposit?
- Yes. Retirees with a documented monthly pension qualify for lower deposit tiers under SRRV Classic — statements showing consistent pension credits are the proof.
- Must the deposit come from abroad?
- Yes. The PRA requires the deposit be an inward remittance from overseas, so the wire trail on your statements matters as much as the balance.
- Can the deposit be used to buy property?
- Under some options the deposit can later convert into approved property investments while the visa remains valid. The PRA documents that conversion against your deposit records.
Convert Your SRRV Statements