Opening a BDO savings account is as easy as buying a new phone.
All you need to do is go to the nearest branch, present the requirements, sign a few documents, and call it a day.
And yet, people still make a lot of excuses why they haven’t opened one yet.
In the latest Financial Inclusion Survey done by the Central Bank, it is revealed that three-fourths of Filipinos still have no bank accounts1.
Surprisingly, aside from not having enough funds, respondents also mentioned lack of requirements (18%), lack of knowledge in opening an account (9%), and lack of awareness (8%) as the reasons why they’re still not saving for a rainy day through a savings account.
Let this guide teach you the basic requirements and procedures for opening BDO savings account to stop you from making the same excuses.
Table of Contents
Why Open a BDO Savings Account?
One word: Convenience.
Almost every town, city, and shopping mall in the country has a BDO branch.
SM Group owns BDO, so you’ll always see a BDO branch in almost any SM mall you visit. This gives BDO the competitive advantage of weekend banking and longer banking hours than other banks outside SM malls.
As of March 31, 20212, BDO has 1, 478 branches and more than 4,400 ATMs and electronic channels nationwide3 ready to meet its customers’ various banking needs. Furthermore, BDO has 18 international offices in Asia, North America, Europe, and the Middle East.
In terms of overall performance, BDO isn’t trailing behind, either.
BDO Unibank Inc. has consistently won the “Best Bank in the Philippines” award by FinanceAsia4 for several years now due to its “strong business franchise, low-cost funding, quality assets, and extensive distribution network.”
Current Account vs. Savings Account: What’s the Difference?
Whether you’re withdrawing or depositing money into the bank, you’ll always be required to fill out a form to complete the transaction.
On this form, the first question usually asked is the type of account you have–Savings or Current.
Before this, the naive, younger version of myself would usually check the box corresponding to the “Current” account without any idea what it meant. It was only later that I realized that I had a savings account!
Let’s briefly discuss the difference between these two deposit accounts to avoid confusion.
Savings Account
- A type of deposit account ideal for those with regular income. It’s used to save money to meet short- or long-term financial goals like financing a wedding, buying a car, saving for an emergency fund, and other future purchases.
- Interest rates range from 0.10% to 1.75%.
- It has a maximum limit on the number of transactions the account holder can carry out in a month.
- Lower minimum balance/initial deposit.
Current Account
- Also known as a checking account, this type of deposit account is intended for frequent or regular financial transactions like paying bills, loans, tuition, and rent. Suitable for businesses, firms, companies, organizations, and public enterprises.
- It doesn’t earn interest due to its fluidity.
- No maximum limit on the number of transactions that the user can carry out.
- Higher minimum balance/initial deposit.
Benefits of Opening a Savings Account
The following are some of the perks of getting your savings account in the Philippines:
- A savings account allows your money to grow in the bank every year. The interest rate may vary depending on the bank you’re enrolled in.
- It takes less money to open a savings account.
- It requires a lower maintenance balance. If you open a BDO ATM account, for example, you can keep the account active with just ₱2,000.
- Enjoy convenient and quick banking transactions with the new BDO Pay mobile app. This e-wallet is linked to your savings account; you can manage your deposits, pay bills, send money, pay via QR, and shop online. Additionally, BDO Pay does not require an initial deposit and maintaining balance, so you can easily use the application
Of course, with all advantages also come a few disadvantages:
- The interest rate is lower than what you can earn from other financial products like stocks and mutual funds. Even Pag IBIG Fund offers its account holders a relatively higher interest rate.
- Most Philippine banks limit the number of daily transactions you can carry out and the amount of money you can withdraw per transaction.
- In the case of BDO, you will be charged ₱100 for over-the-counter withdrawals regardless of whether their ATMs are functional. They also charge absurd fees for literally every transaction you can think of. For instance, you’ll be charged a deposit fee of at least ₱50 if you’re depositing money in a branch other than the branch where you opened your BDO account.
BDO Savings Account Requirements
Before going to the BDO branch, make sure you already have all the following requirements:
1. At Least 2 Valid IDs (Original and Photocopy)
According to BDO5, the following IDs are considered valid and can be presented by applicants who are opening a new BDO savings account:
- Philippine Passport. A foreign passport is also accepted if it has English characters/translations and the holder has a residential address in the Philippines.
- Voter’s ID
- Philippine Postal ID
- Driver’s License issued by the Land Transportation Office (LTO)
- Professional Regulations Commission (PRC) License/ID
- Tax Identification Number (TIN) ID
- New Social Security System (SSS) ID
- Government Service and Insurance System (GSIS) e-Card
- Overseas Filipino Workers (OFW) ID
- Senior Citizen ID/Card
- School ID (for minors)
- Philhealth card
- Integrated Bar of the Philippines (IBP) ID
Note:
- BDO is strict with its “no valid ID, no application” policy. You should bring at least 2 of the valid IDs above so long as they’re still within their validity periods. There’s no such thing as a primary and secondary ID. For example, if you bring a passport, you’ll still be asked to provide an extra ID even though the passport has long been considered a primary one.
- It is recommended that you open BDO savings account at a branch closer to your location or place of residence.
2. Minimum Initial Deposit
The table below shows the minimum initial deposit required for each type of savings account.
| Type of BDO Savings Account | Minimum Initial Deposit |
| Peso Passbook Savings (with or without ATM) | ₱5,000 |
| Peso ATM Debit Card (without passbook) | ₱2,000 |
| Optimum Savings | ₱30,000 (Personal) and ₱50,000 (Business) |
| Junior Savers | ₱100 |
| Prime Savers | ₱2,000 |
| Direct Deposit | ₱0 |
| Dollar Savings | $200 |
| Prime Savers Dollar | $200 |
| Direct Deposit Dollar | $0 |
| Australian Dollar Savings Account | $500 |
| Canadian Dollar Savings Account | $1,000 |
| Chinese Yuan Savings Account | ¥2,500 |
| Euro Savings Account | €500 |
| Great Britain Pound Savings Account | £500 |
| Hongkong Dollar Savings Account | $500 |
| Singapore Dollar Savings Account | $500 |
| Yen Savings Account | ¥50,000 |
| Peso Time Deposit | ₱1,000 |
| Premium Flexi Earner | ₱10,000 |
| Dollar Time Deposit | $1,000 |
| Dollar PRS (Philippine Retirement Authority)Time Deposit | as advised by PRA |
| Two-Year Dollar Time Deposit | $50,000 |
| Three-Year Dollar Time Deposit | $50,000 |
| Five-Year Dollar Time Deposit | $50,000 |
How To Open a BDO Savings Account: A Step-by-Step Guide
Now that you know the basics, let me walk you through every step needed to open a BDO savings account in the Philippines.
1. Decide on the Type of BDO Savings Account You Want To Open
BDO offers a wide range of savings accounts to suit your particular needs.
You can open an account in pesos or any other currency.
In general, there are BDO savings accounts that you can choose from depending on your financial goal:
a. BDO Passbook Savings
The Peso Passbook Savings can be availed with or without an ATM. If you choose the no-ATM option, you won’t be tempted to splurge on unnecessary stuff. This makes the passbook savings account an ideal choice for those who want to save money to achieve short- or long-term financial goals.
Whereas Peso Passbook Savings ensures all your financial transactions are safely recorded in a bank-issued notebook or passbook, an ATM/debit card makes you more vulnerable to identity theft and other fraudulent activities.
If safety is a significant concern, choose a passbook savings account and consider having an ATM only if you’re ready to handle the risks.
Key Features:
- With or without ATM.
- Minimum Initial Deposit: ₱5,000
- Minimum MADB (Monthly Average Daily Balance) Requirement: ₱10,000
- Minimum Balance to Earn Interest: ₱10,000
- Gross Interest Rate Per Annum: 0.0625%
b. BDO ATM Savings
A bank account you can carry anywhere you go, the BDO ATM Savings enables you to receive payments, pay bills, withdraw cash, transfer funds, shop online, and experience a host of other conveniences made possible by the BDO online banking facility.
Choose this account if you prefer to spend money without bringing cash.
Key Features:
- Without passbook.
- Minimum Initial Deposit: ₱2,000
- Minimum MADB (Monthly Average Daily Balance) Requirement: ₱2,000
- Minimum Balance to Earn Interest: ₱5,000
- Gross Interest Rate Per Annum: 0.125%
c. BDO Optimum Savings
Optimum Savings offers the highest interest rates among BDO savings accounts and is ideal for entrepreneurs who want the highest return for their money or anyone with long-term financial goals but don’t want to be tied down with a time deposit account.
In addition to its high-interest rates, Optimum Savings also allows you to debit or withdraw money from your account for free up to three times a month.
Key Features:
- Minimum Initial Deposit: ₱30,000 (Personal); ₱50,000 (Business)
- Minimum MADB (Monthly Average Daily Balance) Requirement: ₱30,000 (Personal); ₱50,000 (Business)
- Minimum Balance to Earn Interest: ₱30,000 (Personal); ₱50,000 (Business)
- Gross Interest Rate Per Annum: Please call or visit your preferred BDO Branch for the latest interest rates.
d. BDO Junior Savers
A vital tool to teach financial literacy to youngsters 12 years old and below, the BDO Junior Savers is every responsible parent’s dream come true.
By giving your kids their savings accounts early, you’re instilling in them the value of saving money and handling it well.
Key Features:
- Passbook for kids below 12 years old.
- ATM/BDO EMV Debit Card available to children aged 7 to 12 upon request.
- Transfer money from an existing BDO account to the child’s Junior Savers via online banking or Easy Saver.
- Minimum Initial Deposit: ₱100
- Minimum MADB (Monthly Average Daily Balance) Requirement: ₱100
- Minimum Balance to Earn Interest: ₱2,000
- Interest rate (per annum): 0.25%
e. BDO Dollar Savings
This is the best savings account to keep your US dollars and earn interest in the same currency. It also comes with a passbook.
Key Features:
- Minimum Initial Deposit: USD 200
- Minimum MADB (Monthly Average Daily Balance) Requirement: USD 500
- Minimum Balance to Earn Interest: USD 500
f. BDO Prime Savers Dollar
Intended for senior citizens (60 years old and up), a Prime Savers Dollar account offers perks like special forex rates and access to priority lanes during bank transactions.
Key Features:
- Minimum Initial Deposit: USD 200
- Minimum MADB (Monthly Average Daily Balance) Requirement: USD 200
- Minimum Balance to Earn Interest: USD 500
- Gross Interest Rate Per Annum: 0.05%
2. Fill Out the Online Application Form
All applicants are now required to complete an application form online before proceeding to the nearest BDO branch. Here’s how to do it:
- Go to the official BDO website.
- Under Personal, on the left side of the page, select Accounts.
- Under the section Open a BDO account now, you can select whether you want to open an account online or in-branch.
- If you opt to open an account online, select Apply Online. Please read the terms and conditions, answer the math problem, tick the two checkboxes below, and select I agree.
- You’ll be asked whether you’re opening a BDO account for the first time or an existing BDO customer with or without an online banking account. Select whichever applies to you. Click Next.
- Fill out the online application form with your details. At this point, you’ll also be able to choose your appointment schedule and the branch where you’ll do the transaction.
- Once complete, you can proceed to your preferred BDO branch to submit the requirements and complete the application process.
If you prefer to open an account at a BDO branch, you must download, print, and fill out the required personal account form and submit them to the nearest BDO branch with other requirements and the initial required deposit amount.
3. Visit the Nearest BDO Branch
Ideally, you should open a savings account near your BDO branch.
You can use the BDO branch locator to determine if branches are near you.
For most branches, banking hours are from 8:30 AM to 4:00 PM6. They are open from Monday to Friday, but some operate on Saturdays. These BDO branches are also open every Saturday until 4 PM.
BDO branches open on weekends (including Sundays) are located inside SM malls. Their banking hours are until 4:00 PM.
4. Proceed to the “New Account” Station and Submit All the Requirements
There is no need to fill out another form upon arrival at your preferred branch because you have already completed the online application form (see step #3).
You will be asked to provide three identical signature specimens.
No need to submit ID pictures because most BDO branches already have their cameras for image capturing.
After submitting the requirements, including the initial deposit, the bank officer will inform you when your account will be activated and when you can return to claim the passbook, ATM, or both.
5. Wait for Your BDO Savings Account To Be Activated
Account activation usually takes at least 1 to 2 days from the date of application.
On the other hand, the passbook and ATM are issued after 5 to 7 banking days.
Once you’ve been issued the ATM card, follow the steps below to activate it:
- Go to any BDO ATM and insert your new card.
- Select “Other Services.”
- Choose “PIN Change” and enter the 6-digit PIN (Personal Identification Number) provided to you.
- Enter your preferred PIN.
- Re-enter your desired PIN.
- Wait for the message “New PIN has been generated.” Don’t forget to keep the transaction receipt.
If you have any questions concerning account activation, please call BDO Customer Contact Center at 631-8000 or visit the BDO branch where you opened your savings account.
6. Access Your Savings Account Through BDO Online Banking
After your BDO savings account is activated, you can access your BDO online banking. As you can remember, you already enrolled in online banking via the online application form you accomplished earlier.
Although it’s optional, getting into online banking can give you access to many features that can benefit you in the long run.
The following are some of the transactions you can do via BDO online banking:
Tips and Warnings
- According to a BDO customer service agent I interviewed, BDO no longer requires proof of billing (e.g., water bills, MERALCO bills, credit card bills, etc.). As part of their protocol, applicants may be asked instead to provide vital personal information, including their employment background or source/s of income. The two valid IDs and the initial deposit should be enough to open a BDO savings account.
- There’s no need to bring 2 x 2 or 1 x 1 ID pictures. BDO is already equipped with cameras for image capturing.
- Read the fine print before choosing the BDO savings account to open. For example, while a Passbook account can be converted to an ATM account, the same is not valid for the contrary (i.e., you can’t convert a BDO ATM Savings to a BDO Passbook Savings).
Frequently Asked Questions
1. What is the Minimum Initial Deposit?
The minimum initial deposit is required to open an account with BDO. As you can see in the table below (second column from left), the minimum initial deposit varies depending on the type of savings account.
The higher the interest rate (as in the case of Optimum Savings), the higher the required initial deposit.
Remember that the initial deposit is part of your savings, not a payment to BDO, so you can open a savings account with them.
2. What is the Monthly Average Daily Balance (MADB)?
The monthly average daily balance (MADB) is the money you need to maintain in your savings account to avoid a penalty fee.
To understand it clearly, emphasis should be given to “average.” Therefore, if the MADB of a savings account is Php 2,000 (as in the case of BDO ATM Savings), it doesn’t mean that you should maintain a balance of Php 2,000 in your account every single day of the month. Again, we’re talking about average.
In this case, MADB can be computed by adding the remaining balance in your account for each day in the month and then dividing the total by the number of days in the said month. For example, from November 1 to 15, your ATM Savings had a Php 2,000 balance that was left untouched throughout that time frame. Then, come November 16, you withdrew Php 300 from your account and failed to make any deposit throughout the month (i.e., 15 days–from November 16 to November 30). At the end of November, your monthly average daily balance would be:
(Php 2,000 x 15) + (Php 1,700 x 15) = 55,000
55,000/ 30 = Php 1,850
As the table below suggests, you fall short of the required minimum average daily balance (i.e., Php 2,000) for ATM Savings.
However, failing to meet the MADB once is not enough for you to incur fees. Only if you don’t meet the required MADB for two consecutive months will you be charged Php 300, also known as the “Falling Below Minimum Balance Fee.” In the case of BDO Passbook Savings, where the MADB is twice the minimum initial deposit (see table above), account holders are required to deposit an additional Php 5,000 within the month of opening the account to meet the required MADB of Php 10,000.
3. What is the Minimum Balance to Earn Interest?
As its name already suggests, it is the minimum amount of money you need to keep or maintain in your savings account for it to earn interest. Save for Optimum Savings, all BDO savings accounts enable you to earn a gross interest rate of 0.25% every year. This earning is spread out over 12 months, which means:
0.25% / 12 = 0.020833% per month
Again, to consistently earn interest every month, you need to ensure your balance doesn’t end up less than the minimum balance to earn interest (see the fourth column of the table below).
As for Optimum Savings, interest rates may vary depending on how much your money is and the BDO branch where you opened the account. Account holders can expect between 0.50% to 1.25% gross interest rate per annum.
Keep in mind, however, that interests earned from the BDO savings account are taxable. A 20% withholding tax is imposed on every interest you earn monthly. Therefore, if you earn Php 100 in interest this month, Php 20 (20%) will be deducted from it as withholding tax, trimming down your earnings to only Php 80 per month.
4. I want my kids to have bank accounts. How can I open a BDO Junior Savers?
For parents who want to instill in their children the value of money and the importance of saving up for rainy days, the BDO Junior Savers is the perfect tool to start with. Available for young Filipinos aged 0 to 12 years old, this BDO kiddie savings account is your child’s key to early financial independence.
As with the regular savings account, BDO Junior Savers allows you to choose between a passbook, an ATM/BDO EMV Debit Card, or both. However, the card is only available for kids 7 to 12.
Also, kids under seven years old are only allowed to open an account under the name of a parent/guardian.
Another awesome feature of BDO Junior Savers is the ability to transfer money from the parent’s bank account to the child’s BDO Junior Savers account. Money transfers can be done either through online banking or Easy Saver.
To open a BDO Junior Savers account, you can follow the same procedure written above, albeit with the addition of a few more requirements:
List of BDO Junior Savings Account Requirements
a. For Kids 7 to 12 Years Old
*Original copies of the following:
*Passport.
*Birth Certificate issued by PSA or Local Civil Registry.
*School ID signed by the school head or principal.
*School registration/Certificate of enrollment.
b. For Kids Under 7 Years Old
*Original copies of the following:
*At least 2 valid IDs of the parent/guardian.
*Any child’s ID or document as listed in the previous section (i.e., passport, birth certificate, or school ID).
*Adoption documents, if applicable (if the account will be opened by or named under the adoptive parent).
*Guardianship documents, if applicable (if the account is to be opened by the legal guardian).
c. Proof of Income
Since the parent is the one who will deposit the money, BDO may ask you for your latest payslips or certificate of employment (employed).
For self-employed parents, you may present a business permit from DTI and your barangay to prove that your income comes from a legitimate business.
d. Initial Deposit
Aside from the documentary requirements, don’t forget to bring Php 100 as an initial deposit.
5. How can I open BDO savings account if I’m an OFW?
The BDO Kabayan Savings Account was developed with Overseas Filipino Workers (OFWs) and their families in mind. It can be an indispensable tool for OFWs struggling to develop the self-discipline of saving money, especially those who regularly send remittances via BDO Remit.
This OFW-friendly savings account offers the following features and benefits:
*A low initial deposit of Php 100 for Kabayan Peso Savings Account and USD 100 for Kabayan Dollar Savings Account.
*Gross interest rate per annum: 0.25%.
*Minimum balance to earn interest: Php 5,000 (Kabayan Peso Savings Account) and USD 200 (Kabayan Dollar Savings Account).
*Passbook and ATM debit card.
*Zero maintaining balance, provided that you remit at least once within 2 years. Otherwise, your account will be converted to a regular one with a maintaining balance of Php 2,000.
*Opportunity to qualify for BDO Rewards points and free life and accident insurance.
*A great tool to build a good credit score that you can leverage to qualify for housing, car, or personal loans.
If the above reasons convince you to open a BDO Kabayan Savings account, go to any BDO branch in the Philippines and complete the application.
Bring the following requirements to apply for a Kabayan Savings account:
a. Minimum initial deposit: Php 100 for a peso account and USD 100 for a dollar account.
b. One (1) valid ID.
According to BDO, OFWs applying for the Kabayan Savings account may bring any one of the following valid IDs:
*Passport, preferably a Philippine passport. Should you present a foreign passport, it must be written in or translated into English, and you must have a Philippine residence.
*Driver’s license issued by the Land Transportation Office
*Professional Regulations Commission (PRC) ID
*National Bureau of Investigation (NBI) clearance
*Police clearance with the dry seal of PNP
*Philippine Postal ID
*Voter’s ID
*Barangay certification with the dry seal from the barangay where it was issued
*Government Service and Insurance System (GSIS) eCard
*New Social Security System (SSS) ID
*Senior citizen ID
*Overseas Workers Welfare Administration (OWWA) ID
*Overseas Filipino Workers (OFW) ID
*Seaman’s book
*Alien Certificate of Registration (ACR) / Immigrant Certificate of Registration (ICR)
*Government office and GOCC ID (e.g., Armed Forces of the Philippines [AFP], Home Development Mutual Fund [HDMF])
*Integrated Bar of the Philippines (IBP) ID
*Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
*Department of Social Welfare and Development (DSWD) Certification
*Company IDs (issued by private entities or institutions registered, supervised, or regulated by BSP, SEC, or IC)
*Green card (issued by US Immigration and Naturalization Service)
*Foreign IDs with picture (issued by the government of the country of origin)
*Locally issued credit cards (current with picture)
*Firearms License with picture
*Tax Identification Number (TIN) card (card type with picture)
*Investment ID card signed by the Department of Foreign Affairs (DFA)
*For students who are not yet of voting age – school ID (duly signed by the principal/head of school together with the registration form for the current semester/school year)
Meanwhile, OFWs applying for a Kabayan Shipping Dollar Savings account may present any one of the following:
*Seaman’s Book
*PRC ID (issued to Seafarers)
*Marina ID
Submit the above requirements and wait for bank personnel to process your application. BDO Kabayan Savings comes with a passbook and an ATM debit card which you can use internationally.
6. Can I open a BDO savings account in the Philippines if I’m a foreigner?
Foreigners who have been staying in the Philippines for less than 180 days can apply for a dollar/foreign currency savings account with ease since the requirements aren’t as rigid.
If you want to open a regular peso account, however, you should prove to BDO that you’ve been staying in the Philippines for at least 180 days. This is the reason why BDO and other Philippine banks require foreigners to present 2 valid IDs (photocopy and original) upon application:
*Foreign passport with characters that are written in or translated into English.
*Alien Certificate of Registration ID Card (ACR I-Card) / Immigrant Certificate of Registration (ICR).
Save for the two valid IDs above, the requirements and application procedures are the same for foreigners. Among the requirements, the ACR I-Card is the most difficult to obtain since it’s only issued to those with long-term visas. However, the Bureau of Immigration can also issue you an ACR I-Card for tourists, provided that you apply for a visa extension to show your intention to stay in the Philippines for more than 59 days.
7. How can I open a BDO Joint Savings account?
A BDO joint savings account is like your regular one, 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 a savings, checking, or time deposit account. For this article, however, we’re going to focus on the most common type–a 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 more than one person is 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 a BDO joint savings account is 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.
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 essential 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:
a. 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 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.
References
- Lucas, D. (2018). Three-fourths of Filipinos still have no bank accounts, says BSP. Retrieved 4 January 2021, from https://business.inquirer.net/253836/three-fourths-of-filipinos-still-no-bank-accounts-says-bsp-bsp-survey-finance-banking-account-indicator
- Market Reach (BDO). (2021). [PDF]. Retrieved from https://www.bdo.com.ph/sites/default/files/pdf/Market%20Reach.pdf
- BDO Frequently Asked Questions. (2020). [PDF]. Retrieved from https://www.bdo.com.ph/sites/default/files/pdf/BDO_FAQ_Website_FINAL.pdf
- Gatdula, D. (2013). FinanceAsia cites BDO as Best Bank in Phl. Retrieved 4 January 2021, from https://www.philstar.com/business/2013/07/16/974041/71jOicX2xtoLh8wg.99
- How to Open an Account at A BDO Branch. Retrieved 26 November 2021, from https://www.bdo.com.ph/personal/accounts/how-to-open-an-account
- Branch and Mobile Machine Schedules. (2021). Retrieved 26 November 2021, from https://www.bdo.com.ph/covid-updates
hello , may baby ako and i want to open an account under his name , by the way he’s only 7month old.possible kaya yon ? or sa name ko na lang ilagay ? Thanks
BRO Junior Savers account is available for children aged 0 to 12 years old: https://filipiknow.net/how-to-open-bdo-junior-savings-account/
2 lng id ko , tin id at philhealth .. acceptable po ba yun?
The list of acceptable valid IDs is already written above.
Are there some BDO branches that don’t require proof of billing (if yes, please provide locations) because the one near me keeps asking for a proof of billing even though i had provided 2 valid ids already.
Hi. ask lang, online seller po ako. Im planning to open an atm savings account sa bdo. and also ggwin ko syang mode of payment sa buyers ko. pde po kaya?
Puwede naman po. But you can also ask the bank teller if there are better options/alternatives.
When i went home to Philippines In 2019, i tried to open an account in your Puerto Princesa City, Palawan- Rizal Avenue branch the first BDO branch in Puerto. I presented my Philippine passport to the teller, it seems to me that your teller does not know your ID Policy…Can i ask a favor to please, re-orient your staff so that they are aware that it is in your business guideline that the PASSPORT is an ID document?! And tell them not to reject and tell your potential customers,”No, passport is not an ID!” Thank you.
Question po pde bang i-convert ung passbook savings account to optimun savings account?
No, but you can open an optimum savings account, too.
Hi.. Gusto ko po mag-open ng savings account na may atm at passbook sana pero wala ako work online seller kc ako ng cosmetics at eloading.. Maaprobahan kaya?
Yes, as long as you’ll be able to submit all the requirements, including the minimum amount of deposit.
Bakit sa BDO Walter Dasma Cavite ang daming hinihinging requirements. :'( Kelangan ng proof of address and payslip at brgy clearance na dpat nka specific pa na for opening ng bank account ang purpose and two valid ID’s.
You can try opening an account at another BDO branch near you. Even on their website, the only listed requirements when opening an account are 2 valid IDs and the minimum deposit.
Pwede magtanong , I have a bdo cashcard here. Pero wala ako atm savings account. Gusto ko sana mag open ng savings account pwede lang ba i convert un into atm savings account? Kelangan pa ba magdala ng mga requirements?
No. You have to apply for your preferred bank account type.
panonpo pag dalawang savings type yung kukunin exaample po yung peso passbook saka yung ATM savings ? pwd na ho ba yung 15 thousand ?
You can apply for a passbook with ATM.
Read this for more info: https://filipiknow.net/bdo-savings-account/#a_BDO_Passbook_Savings