Step-by-Step Procedure in Opening a BPI Savings Account

1. Personally go to the nearest BPI bank in your place and bring the requirements with you. Just check what
banking hours the branch in your area is operating.

2. Talk to the bank teller that you will be opening a BPI savings account. Worst case scenario, youll face a long
queuing line. So dont forget to bring your phone with you to kill boredom while waiting.

3. The teller will give you a form that you need to fill out. Make sure that all information you inputted are double-
checked so you will not be wasting your time just because of a misspelled information.

4. Wait until your application is completely processed. You will be asked for the initial or opening balance
depending on what type of savings account you are going to open.

5. You need to wait for 1 day until your account will be activated. Usually, an ATM kit will be given to you right
after your application. But if you happen to have a case where the teller ask you to wait for 2-3 days more, then
thats just fine too, I guess.

Note: 1 month after the initial deposit, there should be the required maintaining balance on your savings
account. Else, your account will be deactivated.

1. BPI Easy Savers Account

Ive been in a situation where after I resigned from my previous company, I withdraw all of my last pay. When Im
about to do transactions again, voila! I just realized my account was deactivated LOL. With this card, this will not
happen again, ever.

BPI Easy Saver Product Features:

P200 pesos initial deposit

Zero maintaining balanc

2. BPI Express Teller Savings Account

This is the typical account given to employees by their employers. I previously used this type of account for
getting my salary when I was still in the corporate world.

Deposit Balance Requirements and Rates:

Required initial deposit: P500

Required maintaining balance: P3,000/month
Required daily balance to earn interest: P5,000
Interest rate: 0.250% (per annum)

BPI Express Teller Savings Features:

Has interest on funds.

Access to Express Teller, Expressnet and Bancnet ATMs nationwide and Cirrus ATMs globally.
Cashless shopping in different Payment System (EPS) accredited merchants nationwide with no
enrollment required.
Enrollment of recipient accounts for convenient fund transfer funds.
Enjoy hassle-free bill payments to more than 200 merchants through bills payment facility.
Reload your cellphones and prepaid cards in an instant via BPI 24/7 Banking channels.
This account can be used for your typical day-to-day transactions.

3. BPI Passbook Savings Account

If saving money is the main purpose of why you are opening a savings account, BPI Passbook Savings account
is the good choice to go. With this type of account, you cannot simply withdraw funds unlike like your typical
ATM.

Deposit Balance Requirements and Rates:

Required initial deposit: P10,000

Required maintaining balance: P10,000/month
Required daily balance to earn interest: P25,000
Interest rate: 0.250% (per annum)

4. BPI Save-up Automatic Savings Account

Save money automatically with Save-Up Savings. This product transfers a nominated amount money from an
ATM account to a Save Up Account. Yes, you need to have an existing savings account where you will be
getting the funds to be transferred to your Save-up savings account.

Deposit Balance Requirements and Rates:

Required initial deposit: n/a

Required maintaining balance: P1,000/month
Required daily balance to earn interest: P3,000
Interest rate: 0.5% 0.8% (per annum depending on type of account)

BPI Save-up Automatic Savings Features:

Zero initial deposit required.

Can be enrolled to the following for convenient monitoring.
BPI Express Online
BPI Express Mobile
BPI Express Phone 89-100
Prevention of impulsive withdrawals with Info Card

Two Product Options:

1. Save-Up High with higher interest rates.

2. Save-Up with FREE accident and life insurance* from BPI-Philam Life Insurance.

Earn interest on your funds and monitor your account transactions with this savings account the simple way.

5. BPI Jumpstart Savings Account

BPIs Jumpstart savings account is design for whose age is from 10-17 years of age. This is a good way to
promote saving at an early age especially those teens who go to school.

Deposit Balance Requirements and Rates:

Required initial deposit: P100

Required maintaining balance: P500/month
 Required daily balance to earn interest: P1,000
Interest rate: 0.5% (per annum)

BPI Jumpstart Saving Features:

Protect your childs funds from unplanned withdrawals with this guaranteed savings.
Allowance Transfer Facility that ensures a childs allowance gets credited to his/her Jumpstart Account
on a scheduled basis.
Cellphone Reloading via BPI Express Teller ATM, BPI Express Phone (89-100), BPI Express Mobile
Menu, or by logging on to BPI Express Online.
Privileges from partner merchants that can provide valuable childhood experiences

If you got kids at this age, teach them how to save money by opening this type of savings account.

6. Maxi-Saver Savings Account

With this type of savings account, you can get the best possible earnings with BPI Maxi-Saver. This type of
savings account has higher interest rate compared to the regular savings accounts.

Deposit Balance Requirements and Rates:

Required initial deposit: P50,000 ATM | P75,000 Passbook

Required maintaining balance: P50,000 ATM | P75,000 Passbook (per month)
Required daily balance to earn interest: P50,000 ATM | P75,000 Passbook
Interest rate: 0.5% (per annum)
Less than Php 50,000 N.A.
50,000 499,999 0.250%
500,000 999,999 0.375%
1M and above 1.000%With 0.5% BONUS p.a. if no withdrawal within a month

Maxi-Saver Savings Account Features:

Higher interest rate compare to other savings account.

BONUS 0.5% interest if no withdrawal is made within the month.
Can be accessed with 2 different options:
ATM with access to BPI 24/7 banking channels.
Passbook for record keeping and monitoring and BPI Express Online balance inquiry.

*Also available in US Dollar variant for passbook (new).

7. Savings account in BPI with Life insurance

In this type of savings account, youll get Life Insurance worth 3x your account balance for free. You can get up
to Php 2 million worth of insurance.

For the features of this product, kindly check this link.

Frequently Asked Questions

Question #1: What are the differences between BPI Banks?

Answer:
 BPI Bank is focuses on corporate accounts.

BPI Family Savings Bank focuses on individual savings accounts.

BPI Direct Savings Bank focuses on telephone and online banking.

Qestion #2: What if I am a student and want to apply for a BPI Savings account?
Answer: You might want to try the BPI Easy Savers account. Its good for students because of its no
maintaining balance feature and low initial deposit.

Question #3: What are the valid ID for opening BPI Savings account?
Answer:

1. School or Company ID
2. Drivers License ID
3. Passport
4. Unified ID ( SSS, GSIS or PhilHealth )
5. Postal ID
6. Voters ID
7. PRC (Professional Regulation Commission) ID
8. TIN card (photo-bearing card type)
9. All other Ids issued by the Philippine government and its instrumentalities.
10. Overseas Workers Welfare Administration (OWWA) ID
Seamans Book
HDMF ID
Firearms License
IBP ID
PNP/AFP ID
DSWD ID (Senior Citizen ID)
NBI Clearance | NBI Clearance Online
Police Clearance
Barangay Clearance/Certificate
Marriage Certificate
Birth Certificate

You might be interested in applying for the following bank accounts:

BPI Online Banking Enrollment

BPI Easy Savers Account
BPI ePrepaid Card
BDO Credit Card
BDO Savings Account
Metrobank Savings Account
Metrobank Online Banking Enrollment