Procedures On Applying A Bank Account At BDO

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

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

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

it is hard to open a bank especially if you do not know what you will do. In opening a bank account, complete requirements is very important and just follow the tips outline below.

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

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

2.1 Two recent IDs with your personal information 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 a copy of your billing statement which can be credit card bill, telephone bill and utility bill.

2.3 Two (2) 1x1 ID picture

3. Tell the bank teller you want to open a bank account and afterward fill-up all necessary 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 initial deposit is in the range of P50-P100,000 depending on the the type of account.

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

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



Gily Tenorio is a personal finance blogger who likes blogging on financial management, saving, investing, stocks, mutual funds and make money online. To get more information on how to open a bank account at BDO Philippines, you may visit Financial Management blog for more helpful articles on financial management, saving, investing and online money making.