Affidavit of No Bank Account: Meaning, Purpose, and Sample Form
An Affidavit of No Bank Account is a sworn legal statement executed by an individual declaring that they do not currently maintain or own any bank account under their name. This affidavit is commonly required by employers, government agencies, schools, courts, and financial institutions when proof of non-ownership of a bank account is necessary.
This document is often requested for payroll processing, financial assistance programs, scholarships, loan applications, or compliance verification. By executing this affidavit, the affiant formally confirms their financial status under oath, subject to legal consequences if found to be false.
When Is an Affidavit of No Bank Account Required?
This affidavit is typically required in the following situations:
- Employment or payroll processing requirements
- Scholarship or educational assistance applications
- Government aid, subsidies, or social welfare programs
- Legal or court-related financial disclosures
- Loan or financial verification processes
- Situations where proof of no existing bank account is required
Some institutions may request additional supporting documents, such as a barangay certificate or sworn declaration.
What Should Be Included in an Affidavit of No Bank Account?
A properly prepared affidavit should contain the following:
- Complete personal details of the affiant
- Clear statement declaring no existing bank account
- Purpose for executing the affidavit
- Affirmation of truthfulness
- Affiant’s signature and notarization
This affidavit must be accurate, as it is a sworn legal declaration.
Sample Affidavit of No Bank Account (Editable Template)
Replace all bracketed information below with the correct details before printing and notarization.
REPUBLIC OF THE PHILIPPINES
[CITY / MUNICIPALITY]
[PROVINCE]
AFFIDAVIT OF NO BANK ACCOUNT
I, [FULL NAME OF AFFIANT], of legal age, [citizenship], [civil status], and residing at [complete address], after having been duly sworn in accordance with law, hereby declare and state:
1. That I do not own, maintain, or operate any bank account under my name with any banking or financial institution as of this date.
2. That I am executing this affidavit to certify that I currently have no existing bank account for the purpose of [employment / payroll processing / scholarship / government assistance / legal requirement / other purpose].
3. That I understand that any false statement in this affidavit may subject me to civil or criminal liability under existing laws.
IN WITNESS WHEREOF, I have hereunto affixed my signature this [day] day of [month, year] at [place of execution].
_________________________________
[FULL NAME OF AFFIANT]
Affiant
SUBSCRIBED AND SWORN to before me this [day] day of [month, year] at [place], the affiant presenting the following competent proof of identity:
ID Type and Number: [ID Number]
Date & Place of Issuance: [details]
_________________________________
NOTARY PUBLIC
Doc. No. _____;
Page No. _____;
Book No. _____;
Series of _____.
Disclaimer: This template is for general guidance only. Requirements may vary depending on the requesting institution.