THE WIKI COMMUNITY

Wednesday, 1 September 2010

How To Open A BPI Philippines Bank Account

By Gily Tenorio

Bank of the Philippine Islands (BPI) is one of the most established banks in the Philippines. Recently, it was awarded by Finance Asia, a prestigious finance publication and magazine in Asia and the Pacific as the best cash management bank in the Philippines. Finance Asia also recognized BPI as the best trade finance bank in the country.

BPI has two subordinate banks, BPI Family Savings Bank and BPI Direct Bank. BPI Family Savings Bank services on individual persons, BPI Direct Bank focuses on mobile an online banking, and BPI deals on employee and corporate accounts.

In opening a BPI bank account, you can adhere to procedures given below and ready all requirements before going to the bank. It will be fast and easy to open a new bank account when you bring all the needed requirements so do not forget to bring it all.

1. Prepare all the requirements such as ID, two 1x1 photo ID, billing statement and money for initial deposit. Do not forget to bring it when you decided to go to the bank. It will be very needed.

2. Select the branch you want to open a new account. Choose the branch near your work or house so that it will be very easy and convenient for you to go whenever problem arises regarding your bank account.

3. Upon arriving at the bank, proceed to new account desk and then tell the bank employee that you want to apply for a new account.

4. Give the application forms, requirements and initial deposit for your new account. Usually the minimum initial deposit ranges from P1,000 to P10,000 depending on the type of account.

5. Get your passbook or ATM card which will be normally available after 4-5 banking days. When you get your ATM card, you can activate it at ATM machines.

When opening a new bank account, prepare first all requirements and ready the money for initial deposit for your new bank account. BPI is one of the best choice in applying for a new bank account. It has numerous branches around the country so it will not be a problem which branch to select.

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