SRRV/SIRV bank, criminal bacground questions

Your srrv deposit is held in an account which is totally separate to any personal accounts you may hold. I opened mine with BDO. On the srrv website it gives you details of the branch to use. I contacted them by email arranged for a temporary holding account for the srrv deposit and was given an account number etc. They will only hold it for 1 month, within which time you have to go there in person with 2 forms of id and the necessary letter from PRA and they then do all the formalities and set the account up properly. Doing it that way I was able to send the money across from UK before coming to Philippines, though I had been here as a tourist many times before.
Everyday bank accounts are simple to set up when you are on the SRRV and once you have them open you can use a remittance service to send funds to them near instantaneously.
Before you start the SRRV process though find a PRA marketer who will deal with the whole process for you, for free if you have not started filling forms etc yet. When I applied, I spent half a day in Makati with my marketer visiting offices and the bank, got everything done and just left it in her hands till I got the text to say all approved, come pick up your visa.
On the police check in China I can not help

Thanks Buzzardman for your reply, quite helpful, it seems contacting a marketer is the way to start about this.

Do you know why on the link below from PRA.GOV.PH, among the scores of marketers advertised, only 2 seem to have  a license still valid ? Does that mean the others shouldn't be used ?

http://www.pra.gov.ph/main/banks?page=1&pcat=marketer

Besides can anyone share feedback on the easiness to withdraw the funds when giving up SRRV ? might come in handy as we would probably leave after a few years.

Thanks again

I just got my SRRV resident card but I am unable to open any bank account. Banks here try to avoid SRRV holders like a killing illness. I went to all banks including metro bank, BPI, RCBC and NONE accepted to open a basic bank account despite that I have my SRRV car and a TIN. Unless you can bribe a bank manager, forget to have a bank account here.

I thought that I could live like anybody in this country by having this unlimited stay SRRV card but my efforts are wasted. How they want me to live here without a bank account? The deposit to qualify for
SRRV payment is done to a nominee  bank account that belongs to the immigration so the holder of the SRRV ends up without any bank account. One of the banks even recommended to open a company here and to come their branch again when the company is operating. However SRRV is for retire tees. Why should I open a company?

That is strange. I went to the bank with my SRRV, passport and copy of lease and within minutes had an account opened. BDO