Do you want to open your first BDO savings account?
Are you planning to save up for the future or build your emergency fund?
Do you want a bank that is accessible in every corner in your city?
Well, BDO or Banco de Oro is the perfect choice for you!
Today I’ll be showing you how to open BDO savings account, both ATM card and passbook account in BDO.
STEPS on how to open BDO savings account
- BDO savings account requirements
– 2 valid IDs and photocopy of them
– Billing statements (It doesn’t need to be under your name, as long as it has the same address, it’s already valid)
– 2 copies of 1×1 photo
- Bring the requirements to your nearest BDO branch.
Note: BDO banks inside SM malls are open from 9AM up to 7PM and Saturdays (most of them).
- Advise the security guard that you’ll be opening a BDO savings account.
- You need to provide an initial deposit requirement.
– Php 2,000 for BDO ATM savings account
– Php 5,000 for BDO Passbook savings account
- Wait for your account to be activated within a day or two and 5-7 days for your ATM and passbook kit.
That’s all neighbors! You may also check other BDO savings account below for additional information.
- Peso Savings Account
This is the standard peso savings account for you.
FEATURES
Initial deposit requirement 5,000 pesos
Minimum monthly ADB requirement 10,000 pesos
Minimum balance to earn interest 10,000 pesos
Interest rate per annum is 0.25%
SERVICE FEES & CHARGES
Account closure within 30 days 300 pesos
Below minimum balance 300 pesos
Withholding tax for interest earned is 20%
- Passbook Savings
You may earn fixed interest with the passbook savings account.
FEATURES
Initial deposit requirement 5,000 pesos
Minimum monthly ADB requirement 10,000 pesos
Minimum balance to earn interest 10,000 pesos
Interest rate per annum is 0.25%
SERVICE FEES & CHARGES
Account closure within 30 days 300 pesos
Below minimum balance 300 pesos
Withholding tax for interest earned is 20%
- ATM Savings account
You can use this as your ATM Debit Card for your shopping without carrying a cash.
FEATURES
Initial deposit requirement 2,000 pesos
Minimum monthly ADB requirement 2,000 pesos
Minimum balance to earn interest 5,000 pesos
Interest rate per annum is 0.25%
SERVICE FEES & CHARGES
Account closure within 30 days 300 pesos
Below minimum balance 300 pesos
Withholding tax for interest earned is 20%
- Optimum Savings
Get higher interest rates as you build up your deposit balance. Cash withdraw from your account is free of charge up to 3 times per month.
FEATURES
Details Personal Commercial
Minimum Initial Deposit 30,000 pesos 50,000 pesos
Minimum MADB* Requirement 30,000 pesos 50,000 pesos
Minimum MADB* to Earn Interest 30,000 pesos 50,000 pesos
Interest Rate per Annum You may need to call or visit your BDO Branch for the latest interest rates.
SERVICE FEES & CHARGES
Closure of account within 30 days from opening date 300 pesos
Falling below minimum MADB requirement for two (2) consecutive months 300 pesos
Withholding tax for interest earned is 20%
Dormancy fee** 300 pesos
In excess of 3 client-initiated debit/withdrawal transaction per month
(per excess transaction) 110 pesos
*MADB is Monthly Average Daily Balance
- Junior Savers
A BDO savings account that will teach your child to save money.
With an initial deposit of 2,000, kids 7-12 years old may opt for an ATM Debit card which also serves as their Junior Savers ID Card.
FEATURES
Initial deposit requirement 100 pesos
Minimum monthly ADB requirement 100 pesos
Minimum balance to earn interest 2,000 pesos
Interest rate per annum is 0.25%
SERVICE FEES & CHARGES
Account closure within 30 days 300 pesos
Below minimum balance 300 pesos
Withholding tax for interest earned is 20%
- Prime Savers
A special savings account for seniors at least 60 years old that gives priority in servicing your transactions and special forex rates.
FEATURES
Initial deposit requirement 2,000 pesos
Minimum monthly ADB requirement 2,000 pesos
Minimum balance to earn interest 5,000 pesos
Interest rate per annum is 0.25%
SERVICE FEES & CHARGES
Account closure within 30 days 300 pesos
Below minimum balance 300 pesos
Withholding tax for interest earned 20%
- Direct Deposit
A BDO savings account that will directly receive your pension.
FEATURES
Initial deposit requirement N/A
Minimum monthly ADB requirement N/A
Minimum balance to earn interest 5,000 pesos
Interest rate is 0.25%
SERVICE FEES & CHARGES
Account closure within 30 days 300 pesos
Below minimum balance N/A
Withholding tax for interest earned is 20%
Do you have your BDO Savings account already? Let us know how you got yours in the comment section below.
Speak Your Mind