Luke 16:10 “One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much".
We already have savings account in BDO but when we learned that there is a new BDO branch in our place, I told my husband that we need to transfer our account to save time, effort and charges. Unlike BPI, BDO has interbranch fee that you need to pay if you will transact in other branches.
How to Open BDO Savings Account: Joint or Individual Savings
Opening savings account is easy, all you need to do is submit the requirements and money for initial deposit.
Passbook Savings P5000 (initial deposit) P10,000 (minimum monthly ADB requirement)
ATM Savings P2,000 (initial deposit P2,000 (minimum monthly ADB requirement)
BDO Savings Account Requirements
2 valid IDs + photocopy of ID’s
Proof of Billing
But it is better to call the branch to ask for their requirements, in our case we only submitted, 2 valid IDs + photocopy of ID’s and proof of billing. Photo is no longer needed because they will take your picture there.
BDO Junior Savings Account
My son has savings account already, I opened it when he was still a month old. He is now 7 years old and I decided to transfer his account too so he will experience how to open his own savings account.
Proverbs 22:6 Train up a child in the way he should go; even when he is old he will not depart from it.
When I opened his savings account several years ago, it is still a joint account but now no more guardian needed. My son signed the form and ATM. I filled up the form for my son and I just asked him to sign the paper, nagcocomplain pa at ang dami daw sinusulat. Hehehe!
BDO Junior Savings Account Requirements (ito yung hiningi sa min)
Original Birth Certificate
School Registration Form
Proof of Billing (just to check the address)
When my son was still a baby, they only asked for 1x1 photo, birth certificate, my valid ID and P500 is the initial deposit. But now you can open savings account for as low as P100.
Junior Savers P100 (initial deposit) P100 (minimum monthly ADB requirement)
But if you want to have Junior Savers Card, initial deposit is Php2,000. Kids 7-12 years old may opt for an ATM Debit card which also serves as their Junior Savers ID Card. Click here to check the benefits of JSC.
Next time I will teach him how to deposit money. We will deposit the money from tooth fairy.
Read: How to Enroll in BDO Online Banking