BPI Savings Account Requirements for Foreign Nationals – Here’s What You Must Submit

Guide on BPI Savings Account Requirements for Foreign Nationals

BPI SAVINGS ACCOUNT REQUIREMENTS FOR FOREIGN NATIONALS – Here is a list of the documents that you must submit in applying for a savings account.

Are you a foreign national who wants to open a savings account here in the Philippines or do you know someone who wants to do so? You can turn to the Bank of the Philippine Islands. More commonly called BPI, it is one of the most popular and trusted banks in the country.

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 Foreign Nationals:

• duly-accomplished and signed BPI Savings Account Application Form
• proof of billing
• one of the following IDs:
  • PhilID for resident aliens
  • Alien Certificate of Registration issued by the Bureau of Immigration
  • Passport
  • other documents which can be verified

To apply for a BPI Savings Account, simply go to a branch of the Bank of the Philippine Islands and submit your documents.

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