Bpi Savings Account
BPI Family Deposit Accounts - Checking Accounts
A more practical means of transacting. Almost as good as cash.
BPI does not in any way guarantee the performance of the Portfolio/Securities and shall not be responsible for any loss sustained except where such loss arises solely out of BPI’s acts. Note: BPI Family Savings Bank is a subsidiary of Bank of the Philippine Islands. BPI Direct Savings Bank 1. ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in. BPI Interest RatesBank of the Philippine Islands or commonly abbreviated as BPI, is a large universal bank in the Philippines. It began back in 1851 (officially from 1828) and as 2012 had 700.
- Savings Account Product BPI Manage, organize and grow your money with our Savings accounts. The Savings account products provide the utmost convenience in safe keeping, managing and growing funds.
- First off, a BPI Account number has 10 digits. However, the total number of digits may be more than 10 depending on the total number of BPI account holders out there. Therefore, if you are asked to provide.
Enjoy convenience and security in settling financial obligations. No need to carry large amounts of cash. Your transactions can be simplified with the following checking account products.
Regular Checking
Checking account with an ATM card for flexibility in account management through our 24/7 online facilities such as BPI Online Website and BPI Mobile App.
Bizlink Checking
Affordable and interest-earning account that is specially designed for entrepreneurs.
Maxi-One
Simplify financial account management with Maxi-One – the superior all-in-one account that combines the features of savings and checking.
Initial Deposit: Php 50,000 for ATM & Php 75,000 for Passbook
Maintaining Balance: Php 50,000 for ATM & Php 75,000 for Passbook
Bonus interest: 0.5% if no withdrawals made within a month
Basic Interest:
- Less than Php 50,000 – n/a
50,000 – Php 499,999 – 0.250%
500,000 – Php 999,999 – 0.375%
1M and above – 1.000%
6. BPI Passbook Savings Account
Bpi Savings Account Passbook
Passbook is an excellent choice if you would want it to make it a bit difficult to withdraw money to help you in keeping away from impulsive purchases.
Initial Deposit: Php 10,000
Maintaining Balance: Php 10,000 (Php 25,000 to earn interest)
Interest: 0.25%
7. BPI Pamana Savings Account
Get a FREE life insurance coverage of up to 3x of your account balance. The maximum life insurance coverage is up to Php 2 Million.
Initial Deposit: Php 50,000 for ATM & Php 75,000 for Passbook
Maintaining Balance: Php 50,000 for ATM & Php 75,000 for Passbook
READ: Top 10 Life Insurance Companies in the Philippines
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Requirements in Opening a BPI Savings Account
So here are the requirements in opening a BPI savings account.
1. Two (2) Valid IDs
Bring 2 valid IDs and don’t forget to photocopy them because most of the time they will require these photocopies so don’t forget to bring them. Here’s the list of BPI accepted valid IDs.
2. Utility Bill
You may be required to bring a utility bill. It is to check your billing address. The bill doesn’t need to be under your name for as long as you’re currently residing in that address. You may bring any bill like electricity, phone, internet bill, etc.
3. 2 Latest 2×2 Pictures
BPI also accepts 1×1 pictures just in case you don’t have one. They have this signature card, where you will be required to sign multiple times and where your pictures will be attached. It will help them verify your identity or guard you against anyone who pretends to be you when there’s a suspicious transaction made in your account.
4. TIN Number
Most of the financial institutions now require a TIN before you can perform any financial transactions. So don’t forget to have it ready.
5. Initial Deposit Amount
Your initial deposit will depend on your chosen type of savings account. Chose the type that currently fits your financial needs.
The Ultimate Step-by-Step Guide in Opening BPI Account
Opening your first bank account is quite a task, and you don’t want to look ignorant while getting your account done. You can use this guide for you to have an idea of the flow when opening a BPI savings account.
Bpi Savings Account Philippines
1. Visit the Nearest Branch
First, you need to bring all the documents required, i.e., valid ID and initial deposit. Remember to always go to the nearest branch in your area. You don’t want to visit a bank kilometers away from home, right.
2. Get a Queuing Number
You can get the queuing number from the guard and tell him that you would want to open a savings account.
3. Fill out the Application Forms
Tell the teller first, what kind of savings account you would like to open. The teller will now give you all the forms you need to fill out. Once done, you may now hand all the requirements to the teller.
4. Verify and Quick Interview
After filling out the forms, you may be asked to go for a short interview with the branch manager of the bank. Do not be afraid as questions will only be the same as what questions you answered earlier.
5. Get Your ATM Card or Passbook
After the interview, the teller will give you the passbook or the ATM card. In some instances, it will be given to you after 2-3 business days. If that’s the case, the teller will call you once your card is ready, or sometimes they will tell you the date of the availability of the card.
6. Change PIN and Enjoy Saving
Once you get your ATM card, you may now change the default PIN to your new and more secure PIN. After that, you are set. You can now use it and deposit more money in it or even pay your billers.
I hope this blog will help you in opening your first bank account with BPI. If you have questions or anything to share, please write it in the comment box below.
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Federico is an electronics engineer, financial blogger, insurance agent, and a certified investment solicitor. A multi-awarded financial advisor with clients ranging from lawyers, doctors, engineers, accountants, business owners, company directors, and OFWs to minimum wage earners had sought advice from him in achieving lifetime financial freedom.