Here s our guide to the things that you should prepare ahead before you can actually open a checking account.
Requirements for opening a checking account in bdo.
Philippine deposit insurance corporation.
A joint account can be in the form of savings checking or time deposit account.
Maximum deposit insurance for each depositor php 500 000.
Aside from a checkbook many checking accounts nowadays come with an atm or debit card for withdrawals point of sale pos transactions and online payments.
Requirements for opening an account.
In adherence to the requirements of the anti money laundering council bdo reserves the right to require the submission of additional document s it may deem necessary.
The steps and requirements below were based on our own experience when we open our own bdo savings account.
If you re planning to open a savings account in bdo an atm or probably a passbook account we re.
Bdo basic checking account minimum required balances and fees as of march 6 2020.
2 pieces 1 x 1 picture or 2 x 2 picture colored.
Checking accounts are supposed to be used for daily transactions not for savings opening a basic checking account will not cost you php 5 000.
A checking account also called current account is a type of bank account that enables the holder to make over the counter deposits and withdraw funds through writing checks and or using a card.
Valid id with photo and signature.
For this article however we re going to focus on the most common type joint savings account.
A regular bdo savings account atm account has an initial deposit of 2 000.
In every street and of course every sm malls you can easily find bdo atm machines.
Bdo has a range of peso checking accounts to suit your needs.
Our checking account gives you the convenience of disbursing funds through issuance of checks while easily monitoring your transactions through electronic statement of account esoa or a passbook.
Alright here are the things you need to know.
Here s how to open a bdo joint savings account in two simple steps.
The initial deposit will depend on the type of savings account you want to open.
Open a new checking account and have the bank automatically get the funds from the savings account.
Read the metrobank deposit terms and conditions.
In essence it s like having a checking and savings account in one.
Various rates and fees apply depending on the kind of account that you open.
See the list of rates for peso accounts and foreign denominated accounts below.
These are all the requirements.
With this account you can manage your money and achieve.
Deposits are insured by pdic up to p500 000 per depositor.
Click here to know about terms and conditions governing deposit accounts.
This has a higher maintaining balance of p25 000 but you won t have to do it yourself manually.
You can now go to a bdo branch and open a savings account.
Settling your financial obligations can be simple and effortless with bdo.
