New York Finance

Jul 8 2017

BPI Philippines: Guide on Opening a Bank Savings Account #bpi #savings #account,bpi,savings #account,requirements #for #opening


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How to Open a BPI Savings Account

Bank of the Philippine Islands (BPI) is one of the best banks in the Philippines. Recently, BPI was awarded by Finance Asia as the as the best cash management bank in the Philippines. Finance Asia also named BPI as the best trade finance bank in the Philippines. BPI has two subsidiary banks BPI Family Savings Bank and BPI Direct.

Overview of BPI Bank Philippines

BPI Bank is focused primarily on corporate accounts like salary account of employees. BPI Family Savings Bank is catered on individual savings accounts or for individual person who may not be an employee. While BPI Direct is focused primarily on mobile, telephone and online banking.

These three banks have differences to each other like maintaining balance requirements and interest rate for savings account. BPI Savings account has a maintaining balance requirement of 3000, BPI Family Savings Account requires only 1000 and BPI Direct has maintaining balance as low as 500.

BPI Interest Rates, Initial Deposit and Maintaining Balance

It is very important as an account owner that you know the interest rate for the savings account you are opening. In the same way, you should also know how much is the initial deposit when opening a new account and the maintaining balance you should have in your account to avoid penalty.

You can see the post that I published here to learn more about the interest rate, initial deposit and the required maintaining balance to earn interest for each type of BPI savings account. Bookmark this page for your future reference.

Steps in Opening a BPI Savings Account

In order to open a BPI savings account, you need to do the following and bring the needed requirements for opening a savings account.

1. Visit the BPI branch of your choice and bring the following requirements for opening a savings account.

  • Two (2) valid and recent IDs with your name and picture (Updated: As per Bangko Sentral ng Pilipinas guideline, a one valid photo-bearing ID is enough to open a new bank account, click here to learn more about this)
  • One Photocopy of each ID you will submit
  • IDs acceptable for opening a savings account can be: Passport, Driver’s license, Professional Regulations Commission (PRC) ID, National Bureau of Investigation (NBI) clearance, Police clearance, Postal ID, Voter’s ID, Barangay certification, Government Service and Insurance System (GSIS) e-Card, Social Security System (SSS) card, Philhealth card, Senior Citizen Card, Overseas Workers Welfare Administration (OWWA) ID, OFW ID, Seaman’s Book, Alien Certification of Registration/Immigrant Certificate of Registration, Government office ID (e.g. Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs), Certification from the National Council for the Welfare of Disabled Persons (NCWDP), Department of Social Welfare and Development (DSWD) Certification, Other valid IDs issued by the Government
  • Billing Statement and 2 photocopies in order to verify your address. Billing statement can be Electric bill, Telephone bill, Water bill, Credit Card bill, Cellphone bill etc.
  • Two (2) copies 1 1 latest ID picture

2.) Upon entering the bank, proceed to New Account Desk. Tell the bank officer you want to open a savings account and then fill-up all forms that will be given to you.

3.) Give the initial deposit for your savings account. Your initial deposit should be equal or more than the maintaining balance. For BPI ATM savings account, P3,000 and BPI ATM Family savings account, P1,000. For BPI savings account with passbook, P10,000 is the maintaining balance.

4. Claim your ATM card or passbook after 3-5 banking days. You may also ask the bank employee when you can get your ATM so you can be sure.

Final Note

BPI savings account has many different types and it s your duty to choose which one is the best for you. Normally, many people just open an ATM account because it has the lowest initial deposit but if you want the traditional, you can open a passbook savings account.

Do you want to have an automatic savings and free insurance? Read this article. How to Open a BPI Automatic Savings Account. Do you need more information about opening a BPI savings account? Just visit www.bpiexpressonline.com.

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ask ko po
*yung passbook savings na 10,000 . my atm card na kasama?
*if mag open ako sa MANILA ng passbook savings account then nagDEPOSIT ako sa PROVINCE may charge ba.?
*if WIDRAW naman my charge din ba.?
*if from PROVINCE account to MANILA nagdeposit or widraw my charge ba.?
*proof of billing hindi nakapangalan sakin ok lng b.?
*kailan magchacharge ang banko paghindi na nagagalaw ang account. I mean paghindi na nakapghulog ng within 1 month or more
thnx pls. reply thnx

halu good pms
sir naka exced po ako ng 3xwrong pin num.anu po gagawin ko para ma ayus uli atm ko ?

Tanong ko lang po pwede ako mag open ng acount ,pero asawa ko magpapadala sa account ko.yung lang kasi yung way para makapadala sya ng pera sa akin.international seaman kc sya .Hope you answer my question po.
salamat..

Yes of course you can open a bank account in any bank you want as long as you have IDs.

pano po pag wlang billing statement? makakapag pa rin po ba ako.

Thank you in advance!

hi,,poh!ask ko lang poh kung mag open account poh ako sa bpi yung mantaining balance is 1000,,panu kung ma widraw ko sa atm ko is 900,,imposible poh ba na ma close ang atm ko?thnz

Milla, kung BPI Easy saver yung account mo hindi sya mako close, kasi 0 maintaining balance lang ang easy saver. Kapag ibang type of BPI, mako close sya next na update ng BPI kasi below maintaining balance.

sir may account ako sa bpi saving account with passbook..dba P10,000.00 maintaining balance..nakalimotan ko ko ang maintaining balance ang natira is P5,990.00..
anong mangyayari sa remaining P5,990.00 ko?kukunin ba ng bank? tnx in advance.

Glenn, there s a fee below maintaining balance, every month it will taken from your account if the balance is below maintaining. SO you should make it above maintaining balance or withdraw your money.

Is it possible to open another account when you already have an existing bank account? The existing one is for work kasi and I m planning to have a personal account. Would that be possible? Thanks.

Hi, You can still open a new bank account in other branch.

Sir,
if my saving account(3000) is below maintaining balance? what date of the month will they get the penalty?

Most banks update every month so expect the penalty after one month or end of the month.

what are the requirements needed if i open an account. and mag kano po kailangan na maintaing balnce? balak ko po sana kasi mag opn account sa bpi para makaipon.

I have posted the requirements here. You can open an account with P2,000 to P 5,000.

what are the requirements needed if we open an account for our 3 children?

For minors, you may need their birth certificate and some ID and your ID.

Another question, what are the requirements to open a joint savings account?

Hello regarding sa billing statement, hindi kasi nakapangalan sa akin yung mga bill like meralco and water bill dito sa bahay.Nagrerent lang kasi ako. Nakapangalan sa mismong may-ari ng bahay yung bills. so pwede ba yun kahit hindi nakapangalan sa akin?

Hi, I think you can use it since you are living there. But if you have other bills in your name, it will be better.

Can I use my Alumni Id for opening a savings account in BPI? And Also the barangay clearnace, police clearance and NBI clearance are good as one valid ID?
Anwer will be appreciated. thanks

As what indicated on BSP, you can use that for opening an account. You can see the list of ID here: http://learnfinancialeducation.com/requirements-for-opening-a-bank-savings-account/

ksama nman po pla sa list ng acceptable id s ang postal id at ,brgy cert,,pero bkt po hndi ako pinayagan mgopen ng account sa BPI JUAN LUNA TONDO BRANCH nyo ?


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