The bank account has been set-up and the seed money of $100 is already there. I opened the account under my name, Zoilo Herico.
Should you want to do direct deposit, here's the bank details:
President's Choice Chequing Account - 010-30800-0061225686. If you made a deposit to this account, please send me an email at email@example.com so I would know to whom I list the money from. I will also scan the bank statement on a regular basis and post them here.
Again, from the bottom of my heart and in behalf of my fellow Filipinos, thank you very much for all the help.