How to Open a BDO Joint Savings Account: An Ultimate Guide

Last Updated on 03/12/2019 by FilipiKnow

A BDO joint savings account is like your regular savings account, except you’re sharing it with one or more people.

Contrary to popular belief, a joint savings account is not only designed for married couples. Associations, business partners, organizations, friends, and families can also open one to keep their funds under one account.

A joint account can be in the form of savings, checking, or time deposit account. For this article, however, we’re going to focus on the most common type–joint savings account.

Here’s how to open a BDO joint savings account in two simple steps:


1. Complete all the BDO joint savings account requirements.

Application requirements for BDO joint savings account are the same as when you’re applying for a regular one (i.e., two valid IDs and minimum initial deposit).

But since there are more than one people applying for a joint account, each applicant must bring his/her 2 valid IDs (photocopy and original). You can see the complete list of valid government-issued IDs here. 

The minimum initial deposit for BDO joint savings account is also the same as a regular one. Therefore, if the minimum initial deposit for the ATM Savings account is Php 2,000, the required initial deposit for Joint ATM Savings account is also Php 2,000.

Please refer to the table below for a complete list of BDO savings accounts and their corresponding minimum initial deposit requirement.

Type of BDO Savings Account
Minimum Initial Deposit
Peso Passbook Savings (with or without ATM)
Php 5,000
Peso ATM Debit Card (without passbook)
Php 2,000
Optimum Savings
Php 30,000 (Personal) and Php 50,000 (Business)
Junior Savers
Php 100
Prime Savers
Php 2,000
Direct Deposit
Php 0
Dollar Savings
USD 200
Prime Savers Dollar
USD 200
Direct Deposit Dollar
Australian Dollar Savings Account
AUD 200
Canadian Dollar Savings Account
CAD 1,000
Chinese Yuan Savings Account
CNY 2,500
Euro Savings Account
EUR 500
Great Britain Pound Savings Account
GBP 200
Hongkong Dollar Savings Account
HKD 500
Singapore Dollar Savings Account
SGD 200
Yen Savings Account
JPY 50,000
Peso Time Deposit
Php 1,000
Premium Flexi Earner
Php 10,000
Dollar Time Deposit
USD 1,000
Dollar PRS (Philippine Retirement Authority)Time Deposit
as advised by PRA
Two Year Dollar Time Deposit
USD 50,000
Three Year Dollar Time Deposit
USD 50,000
Five Year Dollar Time Deposit
USD 50,000
No need to bring ID pictures since BDO is already equipped with cameras to do the image capturing.


2. Submit your application at the nearest BDO branch.

It’s important to file your application at the nearest BDO branch. You may get rejected if your place of residence is too far.

Upon arrival, go to the “New Account” section and wait for the bank officer to issue you the BDO Joint Account Opening Form/s.

All applicants that will be part of the joint account will be required to fill out an application form.

The bank officer will also ask you for the type of BDO joint savings account you prefer. Choose from either “OR” or “AND” joint account:

  • If it’s “OR” joint account, each account holder will have an ATM card and either one of you can withdraw cash from the account without the other’s consent.
  • If it’s “AND” joint account, you will only be issued a passbook and every time you want to withdraw cash, both account holders must personally go to the bank and affix their signatures.

Submit the required minimum initial deposit and then wait for your pictures to be captured.

The bank officer will then discuss with you the terms and conditions of the bank as well as when the BDO joint savings account will be activated.

Go to the main article: How to Open a BDO Savings Account in the Philippines