Guide l Tips On Opening A Savings Account At BDO

Guide l Tips On Opening A Savings Account At BDO

In 2009, Banco de Oro Universal Bank Inc. (BDO) was included in the top 10 companies in the Philippines. It was managed and owned by SM Investments Corporation.

Finance Asia is a famous finance and magazine publication and magazine in Asia and the Pacific. It conducted a survey from June 2009 to May 2010 to determine who are the best banks in the country. BDO got the recognition for best domestic bank in the Philippines for 2009.

BDO became so popular across the Philippines you can spot it in almost every town and SM malls. It caters to all people with serivices and products such as remittance products, loans, savings account, checking account, investment funds and many more.

Most of the time it is difficult to open a bank especially if you do not study what you will do. In opening a bank account, complete requirements is very important and just follow the tips shown below.

1. Choose which branch you will apply for an account. It is very important to select a branch near your place of residence or work.

2. Bring all needed requirements for applying a bank account which are listed below.

2.1 Two new IDs with your personal details and photo and two photocopies of it

Typical ID acceptable in most of the banks includes: GSIS ID, OWWA ID, PRC ID, Postal ID, Senior Citizen ID, Driver License and other ID acceptable to the bank.

2.2 The bank requires you to pass a copy of your billing statement which can be credit card bill, telephone bill and utility bill.

2.3 Two (2) 1x1 ID photo

3. Tell the bank teller you want to open a bank account and afterward finish all important forms that will be given to you.

4. Pass all requirements and application forms together with the initial deposit for your savings account. Usually, the first deposit is in the range of P50-P100,000 depending on the the type of account.

5. Get your ATM card or passbook which is usually available for pick-up after 4-5 banking days. You can activate your ATM card in the ATM machine near the bank.

When applying a bank account, it is very important to ready all requirements prior to going to the bank to avoid delays and hassles. BDO bank can be one best choice in applying for a bank account in the Philippines.

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