Each winner will also be able to sponsor the education of a less-privileged or visually-handicapped child from World Vision or Resources for the Blind. Under the winner’s name, PSBank will pay for the completion of either the elementary or high school education of the beneficiary child.

Under the “Save It Forward” program, one entry number will be issued for every average daily balance (ADB) increment of P5,000 for Peso Savings and Peso Checking accounts and $500 for Dollar Savings accounts. The higher the ADB and the longer depositors keep the account open, the more entries he gets and the more chances of winning in the draw.

Twenty-five winners each will be drawn on October 15, 2008 and January 15, 2009 while 50 winners will be drawn on April 15, 2009.

The prize of a one-year scholarship for the winning depositor’s own child or any child of his choice is applicable for school year 2009-2010. A maximum amount of P100,000 shall be applied to tuition fees only for DepEd/CHED and TESDA-accredited schools. The scholarship will cover elementary, high school, vocational and college levels only. Pre-school and post-graduate studies are excluded from the program.

For more details, e-mail saveitforward@psbank.com.ph or log on to www.psbank.com.ph.