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BPI Bank Account

Overview of BPI Bank Accounts

BPI (Bank of the Philippine Islands) is one of the oldest and most established banks in the Philippines. They offer various types of bank accounts designed to meet different financial needs and goals. Opening a BPI account provides access to a wide range of banking services, including online and mobile banking, ATM access, fund transfers, bill payments, and more.

Types of BPI Accounts

Savings Accounts

  1. Regular Savings Account
  2. Initial deposit: PHP 3,000
  3. Maintaining balance: PHP 3,000

  4. Features: ATM card, access to BPI Online and Mobile Banking

  5. Passbook Savings Account

  6. Initial deposit: PHP 10,000
  7. Maintaining balance: PHP 10,000

  8. Features: Passbook, ATM card (optional), access to BPI Online and Mobile Banking

  9. Maxi-Saver Account

  10. Initial deposit: PHP 2,000
  11. Maintaining balance: PHP 2,000

  12. Features: Higher interest rates for higher balances, ATM card, access to BPI Online and Mobile Banking

  13. Pamana Savings Account

  14. Initial deposit: PHP 25,000
  15. Maintaining balance: PHP 25,000

  16. Features: Passbook, ATM card (optional), access to BPI Online and Mobile Banking, with special inheritance features

  17. Jumpstart Savings Account (for minors)

  18. Initial deposit: PHP 500
  19. Maintaining balance: None
  20. Features: ATM card (for ages 13-17), access to BPI Online and Mobile Banking (for ages 13-17), parental consent required

Checking Accounts

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

  4. Features: Checkbook, ATM card, access to BPI Online and Mobile Banking

  5. Maxi-Checking Account

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

How to Open a BPI Account Online

BPI offers a convenient way to open an account through their mobile app. Here's how to do it:

Step 1: Download and Install the BPI Mobile App

Download the BPI Mobile app from the App Store (iOS) or Google Play Store (Android).

Step 2: Open a New Account

  1. Open the BPI Mobile app
  2. Tap "Open a New Account"
  3. Select "Create a bank account"
  4. Confirm your nationality
  5. Read and confirm the privacy statement
  6. Enter your mobile number and email address
  7. Create a username and password

Step 3: Provide Personal Information

Enter your personal details and account options, including: - Full name - Date of birth - Place of birth - Gender - Civil status - Nationality - Source of funds - Account type selection

Step 4: ID Verification

  1. Take a photo of your valid ID (acceptable IDs include National ID, Driver's License, Passport, Postal ID, SSS ID, PRC ID, or UMID)
  2. Take a selfie to verify your identity

Step 5: Review and Confirm

Review your application for errors and tap "Confirm" to create your account. You may now fund it using online transfers or deposit.

How to Open a BPI Account In-Person

If you prefer to open an account at a BPI branch, follow these steps:

Step 1: Prepare the Requirements

For Filipino Citizens: - At least one (1) valid photo-bearing ID - Initial deposit amount (varies by account type) - Proof of billing/address (may be required)

For Foreign Nationals: - Passport - Alien Certificate of Registration (ACR) or other proof of legal residence - Initial deposit amount (varies by account type) - Proof of billing/address

Step 2: Visit a BPI Branch

Go to the nearest BPI 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 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 BPI Online Banking

BPI 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.

ATM 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 (BPI): Free
  • ATM withdrawals (other local banks): PHP 15
  • ATM withdrawals (international): Varies by country
  • Fund transfers to BPI 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

BPI Online and Mobile Banking Features

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

  • Account balance inquiry
  • Fund transfers (to BPI 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

Tips for First-time Account Holders

  1. Maintain the required balance to avoid monthly fees
  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 BPI'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 BPI account?

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

Can I open a BPI 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 card?

If you open your account at a branch, your ATM card will typically be available for pickup after 5-7 banking days. If you open your account online, your card will be delivered to your registered address within 7-10 banking days.

Can I have a joint account with BPI?

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

What should I do if I lose my ATM card?

Immediately call BPI's 24/7 hotline at (02) 889-10000 to report the loss and request a card replacement. You can also block your card through the BPI Mobile app or BPI Online Banking.