Guide on BPI Savings Account Requirements for Students
BPI SAVINGS ACCOUNT REQUIREMENTS FOR STUDENTS – Here is a list of the documents that you must submit in applying for a savings account.
When it comes to savings account, some banks have made their coverage even wider. One of these is the Bank of the Philippine Islands. More commonly called BPI, it has opened its savings account offer to Filipino students.
BPI Savings Account:
One of the most beneficial thing you can do is save money. Most people prefer to do it in bank accounts aside from investments for the safety of their savings and to make sure it grows. Here are some key features of the savings account offered by the Bank of the Philippine Islands (BPI):
- Easy Access. You can withdraw from BPI ATMs across the country or even other ATMS provided they accept BancNet and Mastercard.
- Hassle-Free. You can pay your bills using your BPI Savings Account as over 200 merchants accept this payment mode.
- Online Account Opening. You can all bank transactions online.
- Cashless Shopping. You don’t have to bring cold cash with you when you go shopping. You can simply have your card swiped to debit your purchase from your savings account.
- Convenient. You can transfer money or reload your mobile phones using your BPI savings account.
Key Factors:
- Required Initial Deposit – Php 3,000.00
- Required Minimum Monthly ADB – P3,000.00
- Required Daily Balance to Earn Interest – P5,000.00
- Interest Rate per annum – 0.0625%
List of Requirements for Filipino Students:
- duly-accomplished and signed BPI Savings Account Application Form
- proof of billing
- one of the following IDs:
- PhilID
- school ID bearing the signature of the school principal or the head of the school
- Birth Certificate issued by the Philippine Statistics Authority (PSA)
To apply for a BPI Savings Account, simply go to a branch of the Bank of the Philippine Islands and submit your documents.
You may also visit – BPI Loans Loanable Amounts – How Much You Can Borrow Per BPI Loan