• BPI Savings Account

    A savings account is an interest-bearing account that you can hold with a bank and earn interest on the amount deposited. The number of withdrawals may be limited and a fee may be charged if you do not maintain the average monthly balance. It is financially advantageous to keep your funds in the savings account as it is the most liquid investment.

    Features and Benefits

    Following are the various features and benefits of BPI Savings Account:

    • You can deposit amount in your savings account at any time.
    • You need not maintain a minimum balance in your account.
    • Minimal fee is charged for the withdrawals.
    • You get to enjoy the convenience of electronic banking.
    • You can start saving from an early age.
    • You can earn interest on the savings.
    • You can open a USD variant account.
    • You get life insurance coverage while you save your money.
    • Passbook can help you keep track of your savings.
    • You can open a savings account in foreign currency.

    Types of BPI Savings Account

    Following are the various types of Savings Account offered by BPI:

    1. Advance Savings

      This account lets you earn interest on the deposit ahead of time. The returns are faster. You get a higher interest rate than you would on a regular savings account. You can conveniently monitor the account with a passbook or via BPI Online Banking.

      Initial deposit required

      P100,000

      Minimum monthly average daily balance to be maintained

      P100,000

      Balance required to earn interest

      P100,000

    2. Easy Saver

      You can open this account with a low initial deposit. There is no maintaining balance requirement to be met. Withdrawals will be charged a minimal fee.

      Initial deposit required

      P200

      Minimum monthly average daily balance to be maintained

      NA

      Balance required to earn interest

      P1,000

    3. Express Teller

      This account simplifies managing your finances. You earn interest on the funds deposited in your account. You will have access to the account through Express Teller, Expressnet, Cirrus ATMs, and Bancnet ATMS. You can make cashless payments at over 40,000 EPS accredited merchants. You can conveniently transfer funds. It allows hassle-free payment when you enrol in the bills payment facility. You can recharge your prepaid cards and cell phones through BPI banking channels.

      Initial deposit required

      P500

      Minimum monthly average daily balance to be maintained

      P3,000

      Balance required to earn interest

      P5,000

    4. Save-up

      You can regularly set aside some money to your Save-up account every month. There is no minimum initial deposit required. You can monitor your account through BPI Mobile Banking, BPI Online Banking, and BPI Phone Banking. You get an Info Card which will help you avoid impulsive withdrawals. You get higher interest rates. The account comes with free accident and life insurance. You need not have medical check-ups. The coverage available is 10 times the account balance. The basic life coverage offered is up to P2 million. The accidental death benefit available is up to P2 million. You get coverage for up to P2 million for accidental dismemberment.

      Initial deposit required

      NA

      Minimum monthly average daily balance to be maintained

      P1,000

      Balance required to earn interest

      P1,000

    5. Jumpstart

      This account is designed for the youth. Children between the ages of 10 and 17 can open this account. This account will help your child get into the habit of saving from an early age. The account offers guaranteed savings and it protects the funds from unplanned withdrawals. Privileges from partner merchants are offered. The Allowance Transfer Facility makes sure that the child’s allowance is credited to his/her Jumpstart account. The amount can be deposited through BPI Phone Banking, BPI Express Teller ATM, BPI Online Banking, or BPI Mobile Banking Menu.

      Initial deposit required

      P100

      Minimum monthly average daily balance to be maintained

      P500

      Waived for the 1st year.

      Balance required to earn interest

      P1,000

    6. Maxi-Saver

      With this account, you can save more as the interest rate is higher than the interest offered for regular savings account. If you don’t make any withdrawals in a month, you will earn a bonus interest of 0.5% p.a. You get the flexibility to access funds via BPI banking channels and passbook. You will also get US Dollar variant for passbook.

      Initial deposit required

      With ATM – P25,000

      With Passbook – P50,000

      Minimum monthly average daily balance to be maintained

      With ATM – P25,000

      With Passbook –P50,000

      Balance required to earn interest

      With ATM – P25,000

      With Passbook – P50,000

    7. Pamana Savings Account with Free Life Insurance

      This account allows you to earn interest on the amount saved and you get a free life insurance. You can choose between ATM and passbook. The account is available in Dollar and Peso. The debit card allows you access to BPI banking channels. Passbook helps you with record keeping and it helps you monitor the account easily.

      You need not pay premiums for the insurance. The insurance coverage is 3 times the average account balance. The maximum coverage available is up to P2 million. There is no need for medical check-ups. The insurance will take effect on the day you open the account. The account can be opened by individuals between 15 – 60 years.

      Initial deposit required

      With ATM – P5,000

      With Passbook – P50,000

      Minimum monthly average daily balance to be maintained

      With ATM – P5,000

      With Passbook – P50,000

      Balance required to earn interest

      With ATM – P10,000

      With Passbook – P50,000

    8. Pamana Padala

      This account is designed for Overseas Filipino Remitters. This account will help you remit the finances easily. The amount transferred will be credited immediately to your beneficiaries account. This account is available in Dollar and Peso.

      Initial deposit required

      P500

      Minimum monthly average daily balance to be maintained

      Waived provided there are 4 remittances in a year

      Balance required to earn interest

      P3,000

    9. Passbook

      This is ideal for those who wish to have a record of their savings and withdrawals. Passbook savings is the sensible way of keeping your money safe. You earn interest on the amount deposited and you can monitor the funds and transactions easily.

      Initial deposit required

      P10,000

      Minimum monthly average daily balance to be maintained

      P10,000

      Balance required to earn interest

      P25,000

    10. Foreign Currency

      This account lets you deposit in Yen, Dollars, Francs, Pounds, and Euros. You can enjoy maximum convenience of monitoring your account regardless of the currency you choose. The money can be remitted from any key cities through telegraphic transfers. You can monitor the account through BPI Online Banking. You have the flexibility to accept travelers’ cheques, cash, dollar cheques, or demand drafts.

      Initial deposit required

      Australian Dollar – 500

      Canadian Dollar – 500

      Swiss Franc – 500

      Chinese Yuan – 3,500

      Euro – 500

      British Pound – 500

      Hong Kong Dollar – 500

      Japanese Yen – 50,000

      Minimum monthly average daily balance to be maintained

      Australian Dollar – 500

      Canadian Dollar – 500

      Swiss Franc – 500

      Chinese Yuan – 3,500

      Euro – 500

      British Pound – 500

      Hong Kong Dollar – 500

      Japanese Yen – 50,000

      Balance required to earn interest

      Australian Dollar – 500

      Canadian Dollar – 500

      Swiss Franc – 500

      Chinese Yuan – 3,500

      Euro – 500

      British Pound – 500

      Hong Kong Dollar – 500

      Japanese Yen – NA

    BPI Savings Account Eligibility Requirements

    You will have to meet the following eligibility requirements to open a BPI Savings Account:

    • Resident of Philippine.
    • Non-resident citizen.
    • Non-resident alien.
    • Resident alien.

    Documents Required for BPI Savings Account

    You will have to submit the following along with the duly filled application form:

    • Initial deposit.
    • Valid ID with photograph and signature.
    • Utility bill that has your address.
    • 1*1 ID picture.
    • Driver’s license. 

    BPI Savings Account Interest Rate

    Following are the applicable interest rates for the different types of Savings Account offered by BPI:

    Advance Savings

    0.75% p.a. – 1.25% p.a.

    Easy Saver

    0.25% p.a.

    Express Teller

    0.25% p.a.

    Save-up

    0.25% p.a. – 0.50% p.a.

    Jumpstart

    0.25% p.a.

    Maxi-saver

    0.25% p.a. – 0.75% p.a.

    Pamana Savings Account with Free Life Insurance

    0.25% p.a. – 0.50% p.a.

    Pamana Padala

    0.25% p.a.

    Passbook

    0.25% p.a.

    Foreign Currency

    Australian Dollar – 1.25% p.a.

    Canadian Dollar – 0.25% p.a.

    Swiss Franc – NA

    Chinese Yuan – 0.10% p.a.

    Euro – 0

    British Pound – 0.25% p.a.

    Hong Kong Dollar – 0.05% p.a.

    Japanese Yen – NA

    Fees and Charges

    Following are the applicable fees and charges:

    Easy Saver

    Withdrawal in BPI Express Teller ATMs – P5

    Express Teller Card fee – P50

    Withdrawals done over-the-counter in BPI branch – P100

    How to apply for BPI Savings Account

    You can apply for a BPI Savings Account through the following ways:

    • Online: You can apply for the account online by entering the basic information.
    • Phone: You can call 1-800-188-89100 or 63-289-100-00 to know more about the account and find out the process to apply and initiate it.
    • Face-to-face: You can find the closest BPI Bank branch online. You can visit the branch and meet with the bank representative and learn more about the account before applying for it. BPI Savings Account hotline number

    BPI Savings Account Hotline Number

    You can reach BPI at 1-800-188-89100 or 63-289-100-00. You can also send in a mail at expressonline@bpi.com.ph. You can send a text to 0917-891-00-00.

    BPI Savings Account FAQs

    1. Will I be charged for withdrawals?

      Yes, a minimum fee will be charged for withdrawals.

    2. Will I be allowed to open a dollar savings account?

      Yes, you can open a USD variant account.

    3. Do I get any free coverage with my savings account?

      Yes, you get a free life insurance coverage with your savings account.

    4. Can I open a BPI savings account for children?

      Yes, you can open a savings account for children between the ages of 10 and 17.

    5. What are the different foreign currency accounts I can open?

      You can open a savings account in Australian Dollar, Canadian Dollar, Swiss Franc, Chinese Yuan, Euro, British Pound, Hong Kong Dollar, and Japanese Yen.

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