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

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!

Source: Apply (bdo.com.ph)