How to Open a BPI Savings Account (with ATM and Debit Card) for your Travel Fund

In Share by Vier Marqueses1 Comment




Having a bank account nowadays has been a necessity in itself.

Banks offer so much services now apart from savings and investments, providing loans, and a whole lot more – you name it! For me, I use it for several reasons: one is to keep my money safe – I feel more secured just bringing enough cash whenever I go out; two is for me to gain easy access to money – it’s just a swipe away from an ATM; and lastly as a payment method for all your online transactions, specially during traveling. If you are also travelling abroad, there are also times where it is cheaper to withdraw and exchange your money directly thru an ATM compared to doing it over the counter of money exchange stalls.

The Bank of the Philippine Islands (BPI) is one of the largest banks in the country.

The Bank of the Philippine Islands (BPI) is one of the largest banks in the country.

You may open an ATM-only account (opening is Php500.00 and maintaining balance is Php3,000.00) or an ATM with Passbook account (maintaining balance is Php10,000.00) with BPI.

Here are the requirements and a step-by-step process in applying for a BPI Savings Account (same for both ATM-only or with Passbook Accounts):

  1. Make personal appearance to the bank and bring the following requirements.
    Two (2) Valid IDs and photocopy of them:
    Sidenote: If you could provide more than two IDs, the better.
    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
    Overseas Filipino Worker 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 and its instrumentalities

Billing Statement:
Sidenote: This is just to verify your billing address. You may use billing statements even if it’s not under your name as long as it’s from your family members.
Electric Bill
Telephone Bill
Water Bill
Credit Card Bill,  etc.

Two (2) copies of 1×1 latest photo

  1. Fill out the application form they will provide by supplying the required information. You are required to provide three (3) identical signature specimens.
  2. At least Php500.00 initial or opening balance. Please take note that your account will only be allowed one month before the rule on “maintaining balance” will be applied.
  3. Allow a day to have your account activated. Some say, you need two (2) to three (3) days before you could claim your ATM Kit but in my case, I received the ATM kit right-away.

I got the blue one. But I think it comes in two (2) other colors: gold and red.

Aside from being an ATM Card, you could also use it as a Debit Card or BPI Cardholders can shop the cashless way through Express Payment System (E.P.S.)
Aside from being an ATM Card, you could also use it as a Debit Card or BPI Cardholders can shop the cashless way through Express Payment System (E.P.S.)

5. They will ask you if you want to enroll it to their online and phone banking which I did. I’ll post another entry on how it went later.

Actually, I’m really impressed with how the whole process went. It just took me approximately twenty (20) minutes to have my application processed and approved – well, add another fifteen (15) minutes when I fall in line and waited for my turn. The one who assisted me was very approachable and accommodating. I asked a lot of questions, I thought that she would be irritated but she explained it to me in detail and in a very customer-friendly way – 5-stars for her!🙂

And that’s it! I’m now a BPI Cardholder! I’m now excited to enjoy their products and services! Let the “payments” come!😀

For more information on their rates and requirements, I highly encourage you to visit their website at www.bpiexpressonline.com.

Cover image courtesy of DucDigital. See original photo here.

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