How to open a BDO Savings Account

September 06, 2023

Here is an easy step by step guide in opening a BDO Savings Account.

BDO is one of the best banks to maintain a deposit account because of its wide branch and ATM network, not to mention online channels. With that, BDO brings a high level of convenience to its customers.

How to open a BDO Savings Account

How to open a BDO Savings Account

    BDO Savings Accounts

    BDO has the following savings accounts that customers may choose from:

    Passbook Savings

    Classic bank product that comes with a passbook for easy tracking of your transactions. It’s also interest-bearing to let you earn as you save.

    ATM Savings

    Enjoy the convenience of using a BDO Debit Card to withdraw cash from ATMs, for cashless transactions, and online find transfers.

    Kabayan Peso Savings

    An affordable savings account (only P100 to open) that allows accountholders to receive and save money from abroad through BDO’s remittance service. It comes with an ATM debit card and passbook.

    Optimum Savings

    Interest rates increase depending on the amount of money saved. This savings account is ideal for those who are saving for a new car, house renovations, a new house, or even a trip abroad.

    Junior Savers

    Start your little ones early and expose them to the importance of saving money.

    Prime Savers

    Allows depositors to earn on their savings for their future retirement.

    US Dollar Savings

    Safekeep your dollar funds in this deposit account.

    Kabayan Dollar Savings

    Receive and save money from abroad in dollars through BDO’s remittance service. It comes with an international debit card and passbook.

    Prime Savers Dollars

    Save your dollars for your retirement through this deposit account.

    How to apply for a BDO deposit account

    You can conveniently apply online via BDO’s website:

    • Just fill out the online forms
    • Upload a photo of your 2 valid IDs, your signature, and yourself holding a valid ID
    • Meet a BDO representative via Zoom video call for an account opening evaluation
    • Make your initial deposit online or at the branch

    What are the accepted IDs in BDO?

    These are the IDs that are accepted at BDO:

    Philippine Government-issued

    • Passport
    • Unified Multi-purpose ID (UMID)
    • Driver's License issued by the Land Transportation Office (LTO)
    • Government Service and Insurance System (GSIS) e-Card
    • Tax Identification Number (TIN) ID
    • Philippine Identification System (PhilSys) ID
    • New Social Security System (SSS) ID
    • PhilHealth Card
    • Senior Citizen ID
    • Voter's ID
    • Philippine Postal ID
    • Professional Regulations Commission (PRC) ID

    Private and Foreign Government-issued

    • School ID (for minors)
    • Company ID
    • Integrated Bar of the Philippines (IBP) ID
    • Foreign Passport (provide English translation and address in the Philippines)

    You may also visit any BDO branch, taking note to bring the requirements with you. Fill out the application, submit it, and make an initial deposit.

    It’s that easy to open a BDO Savings Account!

    More stories:

    This post may contain affiliate links, including those from Amazon Associates, which means that if you book or purchase anything through one of those links, we may earn a small commission but at no extra cost to you. All opinions are ours and we only promote products that we use.