Are you currently looking for a step by step guide on how to open a BDO Savings account? Look no further, as I’ve got you covered. In this post, I will share with you on how to open online or at the Branch. Take a moment to go through the following information below:

How to Open a BDO Savings Account Online in the Philippines

Step 1: Choose Your Account and Complete the Forms

Select the type of savings account that suits your needs from Banco de Oro (BDO). See them below:

BDO Passbook Savings: www.apply.bdo.com.ph/welcome/?prodcode=1

BDO ATM Savings – Debit Card: www.apply.bdo.com.ph/welcome/?prodcode=38

BDO Kabayan Savings – Peso application: www.apply.bdo.com.ph/welcome/?prodcode=19

BDO Kabayan Savings – Dollar: www.apply.bdo.com.ph/welcome/?prodcode=309

BDO Dollar Savings: www.apply.bdo.com.ph/welcome/?prodcode=301

BDO Optimum Savings Account: www.apply.bdo.com.ph/welcome/?prodcode=40

Visit the link and proceed to fill out the necessary forms accurately.

Step 2: Prepare Your Requirements and Upload

Gather the following documents, images and upload them

A valid ID with your photo and signature
A selfie of yourself holding the valid ID with photo and signature
Photos of three signatures as per BDO’s requirements

Step 3: Schedule a Zoom Meeting with a BDO Representative

Arrange a virtual meeting with a BDO representative via Zoom video call for the evaluation and processing of your account opening request.

Step 4: Fund Your Account Promptly

Upon approval, ensure to fund your new account within 7 days to prevent any potential closure. This step ensures your account remains active and ready for use.

How to Open an Account at a BDO Branch

Step 1: Complete the Downloadable Forms

You can access and download the forms from the following link: www.bdo.com.ph/personal/accounts/forms. After downloading, print them and fill them out for submission at your nearest BDO branch. Make sure all information is accurate and complete before moving on to the next step. If you’re unable to print the forms, you can also fill them out directly at your chosen branch.

Step 2: Gather Necessary Documents and Deposit

Prepare the minimum initial deposit amount as specified by BDO, along with two valid identification cards (IDs). These IDs should be government-issued and should contain your photo and signature.

Step 3: Visit a Nearby BDO Branch

Head to a BDO branch convenient to you with the filled-out forms, minimum initial deposit, and your two valid IDs. Upon arrival, approach the new accounts section or any designated area for account opening services.

How to Add Funds to BDO Accounts in the Philippines

Cardless Deposit at BDO Cash Deposit Machines

For a convenient and cardless deposit experience, opt for BDO’s Cash Deposit Machines. Just follow the on-screen prompts, enter the recipient’s account details, and deposit your desired amount. Remember to retain the transaction receipt as evidence of your deposit.

Deposit at Any BDO Branch

Visit any BDO branch to deposit funds into your account. Fill out a deposit slip with your account details and the amount to be deposited. Queue at the teller’s counter, hand over your deposit slip and cash, and the teller will process your transaction. You’ll receive a transaction receipt for your records.

For Transactions Outside the Philippines

If you’re unable to deposit funds in person within the Philippines, you can use BDO Remit offices or authorized remittance partners. Initiate a remittance transaction, providing the necessary recipient and account details. Once processed, the funds will be credited to your BDO account, typically within the same day or a few business days, depending on the remittance service used.

Type of BDO Savings Account

BDO Passbook Savings

Features

Minimum Initial Deposit: ₱5,000
Minimum MADB Requirement: ₱10,000
Minimum Balance to Earn Interest: ₱10,000
Gross Interest Rate Per Annum: 0.0625%

Fees and charges

Account Closure: ₱300
Falling Below Minimum Balance: ₱300
Account Dormancy: ₱30
Withholding Tax for Interest Earned:20%

BDO ATM Savings – Debit Card

Features

Minimum Initial Deposit: ₱2,000
Minimum MADB Requirement: ₱2,000
Minimum Balance to Earn Interest: ₱5,000
Gross Interest Rate Per Annum: 0.0625%

Fees and charges

Account Closure: ₱300
Falling Below Minimum Balance: ₱300
Account Dormancy: ₱30
Withholding Tax for Interest Earned: 20%

BDO Kabayan Savings

Features

Minimum Initial Deposit: ₱100
Minimum MADB Requirement: ₱0
Minimum Balance to Earn Interest: ₱5,000
Gross Interest Rate Per Annum: 0.0625%

Fees and charges

Account Closure within 30 days: ₱300
Below Minimum Balance: ₱0
Withholding Tax for Interest Earned: 20%

Optimum Savings

Features

Personal Account

Minimum Initial Deposit: ₱30,000
Minimum MADB Requirement: ₱30,000
Minimum Balance to Earn Interest: ₱30,000

Business Account

Minimum Initial Deposit: ₱50,000
Minimum MADB Requirement: ₱50,000
Minimum Balance to Earn Interest: ₱50,000

Gross Interest Rate Per Annum

Call or visit your preferred BDO branch for the latest rates.

Fees and charges

Account Closure: ₱300
Falling Below Minimum Balance: ₱300
Account Dormancy: ₱30
Withholding Tax for Interest Earned: 20%
In excess of 3 client-initiated withdrawal/debit transaction per month (per excess transaction): ₱110

Accepted IDs for BDO account opening in the Philippines

Barangay Certification with dry seal
Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
Driver’s License issued by LTO
DSWD Certification
Government Office and GOCC ID (e.g. AFP, HDMF)
Government Service and Insurance System (GSIS) ID
Integrated Bar of the Philippines (IBP) ID
Maritime Industry Authority (MARINA) ID
NBI Clearance
Overseas Filipino Workers (OFW) ID
Overseas Workers Welfare Administration (OWWA) ID
Passport (with English characters)
Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
PhilHealth ID
Philippine Identification System (PhilSys) ID
Philippine Postal ID
PNP Clearance with dry seal
Professional Regulations Commission (PRC) ID
School ID (for minors)
Seaman’s Book
Senior Citizen ID
Social Security System (SSS) ID
Tax Identification Number (TIN) ID
Unified Multi-purpose ID (UMID)
Voter’s ID