Banco De Oro Philippines: How to Open a Banco De Oro (BDO) Bank Account

How to Open a Banco De Oro (BDO) Savings Bank Account

Banco de Oro Unibank Inc. (BDO) is one of the best banks in the Philippines awarded by Finance Asia, a famous finance and business publication in Asia and the Pacific.

BDO Philippines is one of the companies owned and managed by SM group of Henry Sy and was included in the top 10 companies in the Philippines for 2009.

It was awarded as best domestic bank in the Philippines by Finance Asia for 2009. The survey period is from June 2009 to May 2010. BDO has many banks all over the Philippines and you can see it in every SM malls.

BDO has also longer banking hours compared to other Philippine banks. Because of that, there’s no doubt BDO became the best domestic bank in the Philippines.

If you want to open a savings bank account in BDO Philippines, just follow the procedures below and complete the needed requirements in opening an BDO Bank account.

1. Visit any BDO bank branch of your choice and bring the following requirements for opening a BDO bank account. It would be better to go to SM mall, for sure there is a BDO bank inside.

- Two (2) valid and recent IDs with your name and picture

- Two (2) Photocopies of your ID

- IDs acceptable for opening a savings account can be: Passport, Driver’s license, PRC ID, NBI clearance, Police clearance, Postal ID, Voter’s ID, Barangay certification, GSIS e-Card, SSS ID, Philhealth card, Senior Citizen Card, OWWA ID, OFW ID, Seaman’s Book, Alien Certification of Registration/Immigrant Certificate of Registration, and other Government office IDs

- Billing Statement and 2 photocopies in order to verify your address. Billing statement can be Electric bill, Telephone bill, Water bill, Credit Card bill, Cellphone bill etc.

- Two (2) copies 1×1 latest ID picture

In my case, I show only my passport to open BDO Kabayan Peso Savings Account and a 2 photocopy of my passport for BDO copies.

2. Upon entering the BDO bank branch, proceed to New Account Desk. Tell the BDO bank officer you want to open a BDO bank account and then fill-up all forms that will be given to you.

3. Give the initial deposit for your BDO savings account. Your initial deposit should be equal or more than the maintaining balance.

BDO Banks allowed the initial deposit to be below maintaining balance when opening an account but you need to add money later to it so that it will be above maintaining balance.

Minimum Initial Deposit for BDO Savings Account

BDO Account Type	Minimum Initial
Peso Passbook Savings Account (with or without ATM)	Php. 5000
Peso ATM (without passbook)	Php. 2000
Kabayan Peso Savings Account	Php. 50
Peso Savings Account Payroll	Php. 100
Junior Savers Club	Php. 500
Power Teens Club	Php. 2000
Club 60 Peso	Php. 5000
Direct Deposit Peso Savings Account	Php. 0
Smart Guarantor	Php. 60000
Optimum Savings Account - Personal	Php. 30000
Optimum Savings Account - Commercial	Php. 50000

4. Claim your BDO ATM card or BDO passbook which normally available for pick-up after 3-7 banking days

Note: In opening a BDO bank account, it is advisable to bring all requirements for quick processing and approval of your BDO bank account.


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