Requirements For Opening A Checking Account In Bdo

Deposits are insured by pdic up to p500 000 per depositor.

Requirements for opening a checking account in bdo.

These are all the requirements. Based on experience you cannot open a checking account by referring to bdo s personal banking page alone. Open a new checking account and have the bank automatically get the funds from the savings account. 1 an existing bdo savings account.

If you are an existing depositor at bdo you should have no problems at all. Complete the bdo savings account requirements. 2 pieces 1 x 1 picture or 2 x 2 picture colored. Bdo peso savings accounts helps you prepare for life s ups and downs.

Click here to know about terms and conditions governing deposit accounts. Bdo basic checking account minimum required balances and fees as of march 6 2020. Before going to the bdo branch make sure you already have all the following requirements. At least 2 valid ids original and photocopy.

Our checking account gives you the convenience of disbursing funds through issuance of checks while easily monitoring your transactions through electronic statement of account esoa or a passbook. In adherence to the requirements of the anti money laundering council bdo reserves the right to require the submission of additional document s it may deem necessary. According to bdo the following ids are considered valid and can be presented by applicants who are opening a new bdo savings account. Bdo has a range of peso checking accounts to suit your needs.

We offer accounts with or without an atm or passbook with features to suit varying needs. In essence it s like having a checking and savings account in one. Checking accounts are supposed to be used for daily transactions not for savings opening a basic checking account will not cost you php 5 000. You can now go to a bdo branch and open a savings account.

The initial deposit will depend on the type of savings account you want to open. 4 account dormancy fee will be collected if account is dormant and falls below the minimum madb. A checking account is dormant if it has no client initiated. 3 falling below minimum balance fee will be collected if account falls below the required minimum madb for two consecutive months.

Alright here are the things you need to know. If you are just opening a checking account note that you will need to have an existing savings account for at least 6 months before you can apply for any type of checking account. The steps and requirements below were based on our own experience when we open our own bdo savings account. 2 account closure fee will be collected if account is closed within 30 days from account opening.

In every street and of course every sm malls you can easily find bdo atm machines. Here are the requirements. A regular bdo savings account atm account has an initial deposit of 2 000. Open a savings account today.

Settling your financial obligations can be simple and effortless with bdo.