Since face-to-face verification is not required to open a GSave account, the account will have the following restrictions mandated by the Bangko Sentral ng Pilipinas:
1) The account will only be valid for 12 months
2) The account will have a cumulative deposit limit of PHP 50,000.00*
If you reach either of these limits, you will will be prompted to upgrade to a GSave Plus account;
Moreover, if you do not deposit money into your GSave account within 12 months, your GSave account will be closed.
If you deposit money into your GSave account but do not upgrade within 12 months, your account will expire.
*For GSave Accounts opened dated 13 April 2021 onwards
