One of the biggest questions about the Special Resident Retiree’s Visa (SRRV) is the required deposit. How much is it, where does it go, and can it be used later? This guide breaks down the SRRV deposit so you can plan accordingly.
The SRRV is offered by the Philippine Retirement Authority (PRA) as a long-term residency visa. A qualifying time deposit in a PRA-accredited bank is required, and the exact amount depends on your age, pension status, and chosen visa category. While this can feel like a hurdle, understanding the rules makes the process straightforward.
Deposit requirements by category
According to the PRA, deposits generally range from USD 15,000 to 50,000.
- 50 years old above without pension = 30 000 USD in visa deposit.
- 50 years old above with pension: 15 000 USD in visa deposit.
As of September 2025, new rules will make the minimum age of eligibility to 40 years old. The updated requirements and fees have not yet been published by the PRA, but retirees considering the SRRV should be aware of this upcoming change.
Accredited banks and deposit handling
Deposits must be placed in a PRA-accredited bank in the Philippines. These banks issue a certification confirming the funds, which forms part of your application. It is important to prepare your international transfer in advance to avoid delays.
Can the deposit be invested?
Under the SRRV Classic category, deposits can be converted into approved real estate arrangements after the visa is issued. Eligible uses are limited to either purchasing a condominium unit or entering a long-term lease. These options allow you to use your funds for housing while keeping your residency secure.
Upcoming changes in 2025
The PRA has announced an expanded SRRV program that will take effect on September 1, 2025. While the exact deposit categories and qualifying rules are still being finalized, the key change is that applicants must now be at least 40 years old. Staying updated ensures you are not caught off guard when applying.
What Prism does for you
We guide you in choosing the right category, coordinate directly with accredited banks, and ensure all deposit documents meet PRA standards. This avoids one of the most common reasons for delay: incorrect or incomplete bank certification.
Book a free consultation with Prism and get clear answers about your SRRV deposit.
Quick facts: SRRV deposit
- Minimum deposit (50+ with pension): USD 30,000
- Without pension (50+): USD 15,000
- Applicants below 50: Higher deposits apply (USD 50,000 under current rules)
- New rule from Sept 2025: Applicants must be 40 years or older (details pending)
- Deposit uses: Can be invested in a condominium purchase or long-term lease
- Bank requirement: Deposit must be placed in a PRA-accredited Philippine bank
Book a free consultation with Prism and get clear answers about your SRRV deposit.
