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How to Open a BPI Bank Account in the Philippines in 6 Easy Steps 2024

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    Ever been to the Philippines and found yourself in need of pesos? If you have a bank account with BPI (Bank of the Philippine Islands), then you’re in luck. With over 850 branches nationwide, it’s easy to find a BPI branch no matter where you are in the Philippines. Plus, opening a bank account with BPI is a breeze. Here’s everything you need to know about how to open a BPI bank account while you’re in the Philippines.

    This should be easy enough, as there are over 850 branches located throughout the Philippines. Once you’re at the branch, approach the customer service desk and let them know that you’d like to open a bank account.

    BPI offers a multitude of bank account options for you to choose from. If you are looking into opening an account with them it’s important to consider certain account features such as:

    • Interest rate;
    • Minimum initial deposit;
    • Maintaining balance; and
    • The minimum balance to earn interest.

    We’ve crafted a table summarising all of these for most of the currently available BPI accounts below.

    Product NameInterest
    Balance to
    Earn Interest
    Advance Savings Account0.38%PHP100,000PHP100,000PHP100,000
    Maxi-One Checking Account0.25%PHP25,000PHP25,000PHP25,000
    Kaya Savings0.13%PHP200nonePHP1000
    Save-Up Automatic Savings + Insurance0.13%0PHP1000PHP5000
    Maxi – Saver Savings with Passbook0.13%PHP75,000PHP75,000PHP75,000
    Maxi-Saver Savings with ATM0.13%PHP50,000PHP50,000PHP50,000
    Easy Saver0.13%PHP200NAPHP1000

    The teller will need to see two valid forms of identification before they can begin processing your account opening request. The following requirements are necessary depending on which category you fall into:

    • Students (Filipinos): any one of the following documents – PhilID, birth certificate, school lD signed by the school principal or head of the educational institution;
    • Citizen: any one of the following documents: PhilID, Identification documents issued by the Government of the Republic of the Philippines, or other identification documents that can be verified using reliable, independent source documents, data or information; and
    • Foreign nationals: any one of the following documents: PhilID, passport, Alien Certificate of Registration issued by the Bureau of Immigration or other identification documents that can be verified using reliable, independent source documents, data or information.

    The teller or BPI representative will hand you an application form to fill out, which will ask for basic information such as your name, address, and contact details. Once you’ve completed the form, simply hand submit this either in person or online (depending on the branch requirements).

    In order to open a BPI bank account, you’ll need to deposit between PHP0 to PHP100,000 depending on your account type. You can do this by writing a check or transferring funds from another bank account via ATM or online banking.

    That’s it—you’re now the proud owner of a BPI bank account! All that’s left to do is start making regular deposits or investing.

    Opening a bank account with BPI is quick and easy—even if you’re not a Filipino citizen. Just make sure you bring valid forms of ID, fill out an application form, and deposit the required amount into your new account, and you’ll be all set!