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BDO Bank Account

Overview of BDO Bank Accounts

BDO Unibank (Banco de Oro) is the largest bank in the Philippines, offering a wide range of banking products and services. BDO provides various types of accounts to cater to different financial needs, from basic savings to more specialized accounts.

Types of BDO Accounts

Savings Accounts

  1. BDO Peso Savings Account
  2. Initial deposit: PHP 5,000
  3. Maintaining balance: PHP 5,000

  4. Features: ATM/Debit Card, access to BDO Online Banking and Mobile Banking

  5. BDO Optimum Savings Account

  6. Initial deposit: PHP 30,000
  7. Maintaining balance: PHP 30,000

  8. Features: Higher interest rates for higher balances, ATM/Debit Card, access to BDO Online Banking and Mobile Banking

  9. BDO Junior Savers Account (for minors)

  10. Initial deposit: PHP 100
  11. Maintaining balance: None

  12. Features: ATM/Debit Card (optional), passbook, parental consent required

  13. BDO Peso Passbook Savings Account

  14. Initial deposit: PHP 10,000
  15. Maintaining balance: PHP 10,000

  16. Features: Passbook, ATM/Debit Card (optional), access to BDO Online Banking and Mobile Banking

  17. BDO Basic Deposit Account

  18. Initial deposit: No initial deposit required
  19. Maintaining balance: No maintaining balance required
  20. Features: ATM/Debit Card, access to BDO Online Banking and Mobile Banking, maximum balance of PHP 50,000

Checking Accounts

  1. BDO Peso Checking Account
  2. Initial deposit: PHP 10,000
  3. Maintaining balance: PHP 10,000

  4. Features: Checkbook, ATM/Debit Card, access to BDO Online Banking and Mobile Banking

  5. BDO Prime Checking Account

  6. Initial deposit: PHP 25,000
  7. Maintaining balance: PHP 25,000
  8. Features: Checkbook, ATM/Debit Card, access to BDO Online Banking and Mobile Banking, earns interest

How to Open a BDO Account

Requirements for Opening a BDO Account

For Filipino Citizens: 1. At least one (1) valid photo-bearing ID such as: - Philippine Identification Card (PhilID) - Driver's License - Passport - SSS/GSIS ID - PRC ID - Voter's ID - Postal ID - Other government-issued IDs

  1. Initial deposit amount (varies by account type)

For Foreign Nationals: 1. Passport 2. Any of the following: - Alien Certificate of Registration (ACR) - ACR I-Card - Work Permit/Visa - Other proof of legal residence 3. Initial deposit amount (varies by account type)

Opening a BDO Account In-Person

Step 1: Prepare the Requirements

Gather all necessary documents and the initial deposit amount.

Step 2: Visit a BDO Branch

Go to the nearest BDO branch during banking hours. It's advisable to arrive early to avoid long queues.

Step 3: Fill Out Application Forms

Approach the customer service representative and request to open an account. You will be provided with application forms to fill out.

Step 4: Submit Requirements and Initial Deposit

Present your completed application forms, required IDs, and initial deposit to the bank representative.

Step 5: Receive Your Account Materials

After successful verification, you will receive your: - ATM/Debit card (to be picked up after a few days or delivered to your address) - Passbook (if applicable) - Checkbook (if applicable) - Account details and instructions for enrollment in BDO Online Banking

Opening a BDO Basic Account

The BDO Basic Deposit Account is designed to be more accessible, with no initial deposit and maintaining balance requirements. This makes it an excellent option for first-time bank account holders.

Step 1: Visit a BDO Branch

Go to any BDO branch with your valid ID.

Step 2: Request to Open a Basic Deposit Account

Inform the customer service representative that you want to open a Basic Deposit Account.

Step 3: Fill Out Application Forms

Complete the necessary application forms provided by the bank.

Step 4: Submit Requirements

Present your valid ID and completed application forms.

Step 5: Receive Your ATM/Debit Card

Your ATM/Debit card will be issued, which you can use for transactions.

BDO Account Fees and Charges

Maintaining Balance and Below Maintaining Balance Fee

  • If your account falls below the required maintaining balance, a fee of PHP 300 per month will be charged (except for Basic Deposit Account).

ATM/Debit Card Fees

  • Initial issuance: Free
  • Replacement (lost/damaged): PHP 150
  • Annual fee: None

Transaction Fees

  • Over-the-counter withdrawals: Free at maintaining branch, PHP 100 at non-maintaining branch
  • Over-the-counter deposits: Free
  • ATM withdrawals (BDO): Free
  • ATM withdrawals (other local banks): PHP 15
  • ATM withdrawals (international): Varies by country
  • Fund transfers to BDO accounts: Free via mobile/online banking
  • Fund transfers to other local banks: PHP 25-50 via InstaPay or PESONet
  • Checkbook order: PHP 250 per booklet

BDO Online and Mobile Banking Features

BDO's digital banking platforms offer a wide range of services:

  • Account balance inquiry
  • Fund transfers (to BDO and other bank accounts)
  • Bill payments
  • Load purchases
  • Investment management
  • Loan payments
  • Credit card management
  • Checkbook reordering
  • Foreign exchange
  • Time deposit placements
  • Appointment scheduling for branch visits

BDO Pay

BDO Pay is a mobile payment solution that allows you to: - Make QR code payments - Send money to other BDO Pay users - Pay bills - Buy load - Link your BDO accounts and cards for easy access

Tips for First-time BDO Account Holders

  1. Maintain the required balance to avoid monthly fees (except for Basic Deposit Account)
  2. Enroll in online and mobile banking for convenient access to your account
  3. Set up transaction notifications to monitor your account activity
  4. Keep your ATM PIN and online banking credentials secure
  5. Update your contact information with the bank to receive important notifications
  6. Learn about BDO's security features to protect your account
  7. Consider setting up automatic savings to build your funds consistently

Frequently Asked Questions

What is the minimum age requirement to open a BDO account?

For regular accounts, you must be at least 18 years old. Minors (below 18) can open a Junior Savers Account with parental consent.

Can I open a BDO account if I don't have a TIN?

Yes, you can open a personal savings account without a TIN. However, a TIN may be required for certain types of accounts or services.

How long does it take to receive my ATM/Debit card?

Your ATM/Debit card will typically be available for pickup after 5-7 banking days. Some branches may offer same-day issuance for certain account types.

Can I have a joint account with BDO?

Yes, BDO offers joint accounts. You and your co-depositor must visit a BDO branch together to open a joint account.

What should I do if I lose my ATM/Debit card?

Immediately call BDO's 24/7 hotline at (02) 8631-8000 to report the loss and request a card replacement. You can also block your card through the BDO Online Banking or BDO Mobile Banking app.

Is the BDO Basic Deposit Account right for me?

The BDO Basic Deposit Account is ideal for first-time bank account holders, students, and those who want a simple account with no maintaining balance. However, it has a maximum balance limit of PHP 50,000, so if you plan to save more than that, you might want to consider other account types.