SRRV Classic visa deposit (official, as of Oct 18, 2026)

Pensioners must show a lifetime pension of at least USD 800/month (single) or USD 1,000/month (with dependents). Source: PRA SRRVisa page, as of Oct 2026. PRA describes Classic as the option where the deposit may be used for investments allowed under the program.

Why you may see $10,000 elsewhere: older pages (including PRA's own legacy pra.gov.ph/srrv/ page, per our research) and many third-party sites still quote the former Classic USD 10,000 pensioner deposit and retired options such as SMILE and Human Touch. The current official SRRVisa page lists USD 15,000 for a 50+ pensioner. Use the current page and confirm with PRA before you remit.

SRRV Courtesy deposit (official, as of Oct 18, 2026)

Source: PRA SRRVisa page.

Fees (official, as of Oct 18, 2026)

• PRA processing fee: USD 1,500 (or peso equivalent), principal.
• Application fee: USD 300 per joining dependent.
• Annual fee: Classic USD 360 (principal + 2 dependents; +USD 100 each extra dependent). Courtesy foreign national USD 100; Courtesy former Filipino USD 50 (each +USD 10 per extra dependent). Paid on joining and every year after.
• An extra USD 15,000 visa deposit is required for each dependent beyond two (except former Filipinos).

Source: PRA SRRVisa page.

Who qualifies

• Principal: 40 years old and above, foreign national or former Filipino citizen.
• Dependents: legally married spouse; unmarried children under 21 at application (legitimate or legally adopted). They can join at application or later.

Source: PRA SRRVisa page.

SRRV requirements checklist (principal)

1. Original passport with a valid tourist visa (valid at least 1 month during processing; extend it if it expires).
2. Accomplished PRA application form.
3. Medical certificate (issued within 6 months).
4. Police clearance from country of origin/residence for the last 6 months (issued within 6 months).
5. Bureau of Immigration Clearance Certificate (BICC).
6. NBI clearance, if you have stayed in the Philippines more than 90 days before applying.
7. Eight 2x2-inch photos, white background, taken within 3 months.
8. PRA processing fee (USD 1,500).
9. Bank certificate / proof of inward remittance of the deposit to a PRA-accredited bank.
10. PRA annual fee.
11. If applicable: proof of lifetime pension; old Philippine passport or PSA birth certificate (former Filipinos); proof of qualification for Courtesy.

Documents issued outside the Philippines must be in English (or translated) and apostilled or authenticated by a Philippine embassy/consulate. PRA may ask for more. Source: PRA SRRVisa page.

Sending the deposit

• The deposit must arrive as an inward remittance from a bank abroad to a PRA-accredited bank.
• Government bank: Development Bank of the Philippines (DBP); PRA says DBP sends a notarized bank certification within 7–10 working days.
• Private banks listed: PNB (all branches), BDO (Pacific Star and Cebu IT Park branches only), KEB Hana (Manila branch), UnionBank (all), Bank of Commerce (all), Shinhan (Manila branch). Private banks need a Letter of Introduction from PRA first (request via the email listed on the PRA page).

Source: PRA SRRVisa page. See also our sending money guide for everyday transfers (not the SRRV deposit itself, which PRA requires as a bank-to-bank inward remittance).

Benefits PRA lists

• Permanent residency in the Philippines.
• Exemption from BI annual reporting and the ACR I-Card, and from exit/re-entry permits.
• One-time duty/tax-free import of household goods and personal effects up to USD 7,000.
• Exemption from tax on pensions and annuities, from travel tax, and from separate work/student visas.

Source: PRA SRRVisa page. How these interact with your US taxes is a question for a tax professional.

Planning a scouting trip?

Most people who retire here visit first, often for a month or more. Compare flights from the US to the Philippines on Kiwi.com · see our Flights to Manila guide · stay connected with an Airalo Philippines eSIM (eSIM guide). Arriving? Read NAIA airport guide and eTravel registration.

FAQ

• What is the SRRV deposit in 2026?
  As of Oct 2026, PRA lists USD 15,000 for a pensioner aged 50+ (Classic), USD 25,000 for pensioners 40–49, and USD 30,000 / USD 50,000 for non-pensioners. Confirm on pra.gov.ph/SRRVisa.
• Is the SRRV deposit still $10,000?
  Not according to the current official PRA SRRVisa page (Oct 2026), which lists USD 15,000 for 50+ pensioners. USD 10,000 appears on older pages.
• What is the minimum age for the SRRV?
  40 years old, per PRA.
• How much pension do I need?
  At least USD 800/month single or USD 1,000/month with dependents, per PRA, to qualify at the pensioner deposit level.