Procedures On Opening A Savings Account At BPI
Bank of the Philippine Islands (BPI) is one of the most established banks in the Philippines. Recently, it was awarded by Finance Asia, a prestigious finance publication and magazine in Asia and the Pacific as the best cash management bank in the Philippines. Finance Asia also recognized BPI as the best trade finance bank in the country.
BPI has two subordinate banks, BPI Family Savings Bank and BPI Direct Bank. BPI Family Savings Bank services on individual persons, BPI Direct Bank focuses on mobile an online banking, and BPI deals on employee and corporate accounts.
When opening a BPI savings account, you need to do the following procedures and bring the needed requirements for opening a savings account. To avoid hassles and delays, do not forget to bring all requirements for it will be important when you are applying a new bank account.
1. Prepare all the requirements such as ID, two 1×1 photo ID, billing statement and money for initial deposit. Do not forget to bring it when you decided to go to the bank. It will be very needed.
2. Select the branch you want to open a new account. Choose the branch near your work or house so that it will be very easy and convenient for you to go whenever problem arises regarding your bank account.
3. When you arrived at the bank, go directly to new account desk. Inform the bank employee you want to open a new bank account and complete all application forms you will receive.
4. Give the initial deposit for your bank account together with the complete requirements and application forms. For BPI ATM savings account the initial deposit is P3,000 and BPI ATM Family savings account, P1,000. For BPI savings account with passbook, P10,000 is minimum initial deposit.
5. Obtain your ATM card or passbook in the branch where you open an account which is usually available after one week. Before you can use your ATM, you must activate it first at ATM machine.
When opening a new bank account, prepare first all requirements and ready the money for initial deposit for your new bank account. BPI is one of the best choice in applying for a new bank account. It has numerous branches around the country so it will not be a problem which branch to select.
Gily Tenorio is a blogger on personal finance, saving and investing. He likes playing guitar and reading books. He is now living in Korea with his family. For more information on how to open a BPI Account, feel free to visit Financial Management , for free financial management articles on saving, investing and make money online.
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