What You Need to Open a BDO Savings Account
BDO (Banco de Oro) requires two forms of identification and proof of address to open a savings account. You will need a government-issued ID with your photo — a passport, driver's license, national ID, or similar document — plus a second form of ID. For proof of address, bring a recent utility bill, lease agreement, or government document showing your name and current address.
You also need to bring an initial deposit. The minimum opening deposit varies by account type and changes periodically, so call your nearest BDO branch or check their website before you go. Most basic savings accounts require between 1,000 and 5,000 Philippine pesos, though this differs by branch and product.
If you are opening an account for a minor, a parent or legal guardian must be present with their own identification and proof of address. The minor will also need an ID, though a school ID or birth certificate may be accepted in place of a government-issued ID.
Key Takeaways
- You need two forms of identification, proof of address, and an initial deposit to open a BDO savings account in person.
- The minimum opening deposit varies by branch and account type, so confirm the amount before you visit.
- BDO branches are open Monday through Friday, with limited Saturday hours at some locations; call ahead to confirm hours and current requirements.
- You can also open certain BDO accounts online through their mobile app or website if you already have a BDO account or meet their digital banking requirements.
- After opening your account, you will receive a passbook and debit card, though delivery of the card may take several business days.
Opening an Account in Person at a BDO Branch
Visit your nearest BDO branch during business hours with your documents and initial deposit. Bring the originals of your identification and proof of address — photocopies are not accepted for the initial opening. Tell the teller or customer service representative that you want to open a savings account, and they will direct you to the appropriate desk.
The branch staff will fill out an account opening form with your personal information, including your name, date of birth, address, and contact details. You will sign the form and provide your documents for verification. The entire process usually takes 15 to 30 minutes, depending on how busy the branch is.
Once your account is approved, you will deposit your initial amount. The teller will give you a passbook (a small booklet that records your transactions) and information about your account number. Your debit card will be mailed to your address within one to two weeks. You can begin using your account when ready, though you will need your account number to make transfers or set up online banking.
Opening an Account Online or Through the BDO Mobile App
BDO offers online account opening for certain products, but the process and requirements depend on whether you already have a BDO account. If you are an existing BDO customer, you may be able to open an additional savings account through the BDO mobile app or website without visiting a branch.
If you do not have an existing BDO account, online opening is more limited. Some BDO products allow new customers to begin the process online, but you will typically need to complete the account opening in person at a branch with your original documents. The online step collects your basic information and lets you reserve an appointment at a nearby branch, which can save time when you arrive.
Check the BDO website or mobile app for current online opening options, as these change and vary by location. You can also call BDO customer service to ask whether your preferred account type can be opened online.
Documents to Bring and How to Prepare Them
Gather your documents before you visit the branch. Your primary ID should be valid (not expired) and show your full name, date of birth, and photo. If your ID does not show your current address, bring a second document that does — a utility bill in your name, a lease agreement, or a government-issued document like a tax return or voter registration card.
If your address on your ID is outdated, bring both the ID and a recent proof of address document. BDO staff will note the discrepancy and use the proof of address as your current residence. Do not bring photocopies; originals are required for verification, though the branch will not keep them.
Write down your account number once it is issued, and keep it in a safe place. You will need it to set up online banking, make transfers, or contact customer service about your account.
What Happens After Your Account Opens
Your account is active when ready after you complete the opening process. You can deposit money, withdraw cash, and receive transfers to your account number right away. Your passbook will show your account number and initial deposit.
Your debit card will arrive by mail within one to two weeks. Once it arrives, you can set up it through the BDO mobile app, website, or by calling customer service. You will set a PIN (personal identification number) during set up, which you will use at ATMs and for online purchases.
Set up online banking and the BDO mobile app as soon as possible. You will need your account number, a username, and a password. Online banking lets you check your balance, transfer money, pay bills, and monitor your account without visiting a branch.
BDO Branch Hours and How to Find Your Nearest Location
BDO branches are typically open Monday through Friday from 9 a.m. to 3 p.m., with some branches offering extended hours until 5 p.m. or 6 p.m. Many branches are also open on Saturday mornings, usually from 9 a.m. to 12 p.m., though this varies by location. Some branches are closed on Sundays and holidays.
Find your nearest branch on the BDO website by entering your city or postal code. The branch locator shows hours, address, and phone number. Call ahead to confirm current hours and to ask about any specific requirements for the account type you want to open, as these can change.
If you live far from a branch, ask whether you can open an account by mail or through a BDO partner bank. Some BDO products can be opened through affiliated banks or partner institutions, which may be closer to you.
Account Types and Minimum Deposits
BDO offers several savings account types, each with different features and minimum deposit requirements. A basic savings account typically has the lowest opening deposit and is designed for everyday saving. A regular savings account may offer higher interest rates but require a larger minimum balance. A junior savings account is designed for minors and may have different rules.
Minimum deposits vary by branch and change over time. Call your nearest branch or check the BDO website for current minimums before you visit. Some branches may waive or reduce the minimum deposit during promotional periods.
Ask the branch staff which account type suits your needs. If you plan to keep a low balance, a basic account may be best. If you want to earn interest and can maintain a higher balance, a regular savings account might be better.
Frequently Asked Questions
Can I open a BDO savings account without visiting a branch?
If you already have a BDO account, you may open an additional savings account through the mobile app or website. If you are a new customer, you will need to visit a branch at least once with your original documents to complete the opening process, though you can start the process online.
What if my ID address does not match my current address?
Bring both your ID and a recent proof of address document showing your current location. The branch will verify your current address using the proof of address document and note the discrepancy in your file. Your account will be opened under your current address.
How long does it take to receive my debit card?
Your debit card is usually mailed within one to two weeks of account opening. You can use your account and withdraw cash using your passbook or at an ATM with your account number before the card arrives. Call the branch if your card does not arrive within three weeks.
Can I open a BDO account for someone else?
No, the account holder must be present with their own identification. If opening an account for a minor, a parent or legal guardian must accompany them with their own documents. The minor will also need an ID or birth certificate.
What is the minimum balance I need to keep in my account?
Minimum balance requirements vary by account type. Some accounts have no minimum balance requirement, while others require you to maintain a certain amount to avoid monthly fees. Ask the branch staff about the specific requirements for the account you are opening.