What you need to open a BDO savings account

BDO (Banco de Datos de Ocho) requires two pieces of identification and proof of address to open a savings account. You can bring a passport, driver's license, national ID, or voter's ID as your primary form of identification. For proof of address, bring a recent utility bill, lease agreement, or government-issued document showing your current address.

You will also need to bring money to fund the account. BDO's minimum opening deposit varies by account type and changes periodically—check with your local branch for the current amount, as it may range from a few hundred to several thousand pesos depending on the savings product you choose.

If you are opening an account for a minor, a parent or legal guardian must be present with their own identification and the child's birth certificate or school ID.

Key Takeaways

  • You need two forms of identification and proof of address to open a BDO savings account in person at a branch.
  • BDO requires a minimum opening deposit that varies by account type, so confirm the exact amount with your branch before you go.
  • The entire process typically takes 15 to 30 minutes if you have all documents ready and the branch is not busy.
  • You can also open certain BDO accounts online through their mobile app or website, though requirements and available products differ from in-branch accounts.

Opening an account at a BDO branch in person

Visit any BDO branch during business hours with your identification, proof of address, and opening deposit. Tell the teller or customer service representative that you want to open a savings account. They will direct you to the appropriate desk or give you a queue number.

The bank officer will review your documents, verify your information, and explain the account features, interest rates, and fees. You will sign the account opening form and any related documents. The officer will then process your opening deposit and issue you a passbook (a physical record of transactions) or direct you to set up online banking access.

Before you leave, confirm that you have received your account number, passbook (if applicable), and instructions for accessing your account online or through the BDO mobile app. Ask about any welcome offers or promotional rates that may apply to new accounts.

Opening a BDO account online or through the mobile app

BDO offers online account opening through their website and mobile app for certain savings products. Download the BDO app or visit their website and look for the "Open an Account" or "New Account" option. You will need to provide your personal information, identification details, and proof of address digitally.

The online process typically requires you to upload photos of your identification and proof of address. Some online accounts may allow you to fund the account through a transfer from another bank account you own, rather than requiring an in-person deposit. Processing time for online applications is usually one to three business days.

After approval, you will receive your account number via email or SMS. You can begin using your account for transfers and online transactions immediately, though some features may require you to visit a branch in person to complete verification or activate a debit card.

What happens after your account opens

Once your account is active, you can deposit money through any BDO ATM, at a teller window, or through online transfer from another account. Your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to 500,000 pesos per depositor per bank, so your money is protected if the bank fails.

BDO will send you a debit card in the mail within one to two weeks of account opening. You can use this card to withdraw cash at BDO ATMs and other ATMs in the Bancnet network, and to make purchases at merchants that accept cards. Activate your card by visiting an ATM or calling BDO's customer service number.

Your account will earn interest on your balance, though the rate depends on your account type and current balance. Interest is typically credited monthly or quarterly. Check your passbook or online account regularly to track your balance and transactions.

Different BDO savings account types

BDO offers several savings account options with different features and minimum balances. A regular savings account is the most basic option and usually has the lowest minimum opening deposit. A high-yield or premium savings account typically requires a higher minimum balance but pays a higher interest rate.

BDO also offers special savings accounts tied to specific goals—such as education savings, emergency fund accounts, or investment-linked products. Each type has different terms, fees, and interest rates. Ask your bank officer which account type matches your needs and how the interest rate is calculated.

Some accounts waive monthly maintenance fees if you maintain a minimum balance or set up automatic deposits. Others charge a small monthly fee regardless of balance. Confirm all fees before you sign the opening documents so you understand the true cost of the account.

Documents to bring and what to avoid

Bring original copies of your identification and proof of address—photocopies alone are usually not accepted. Arrive during business hours, which are typically Monday through Friday 9 a.m. to 3 p.m., and Saturday 9 a.m. to 12 p.m. at most branches. Avoid opening an account on a Friday afternoon or the day before a holiday, when processing may be delayed.

Do not bring only a photocopy of your ID or an expired document. Do not assume the minimum deposit amount without confirming it first—bringing too little money will delay your account opening. If you are opening an account for a minor, do not forget the child's birth certificate or school ID, as the bank will not open the account without it.

Frequently Asked Questions

How long does it take to open a BDO savings account?

In-person account opening usually takes 15 to 30 minutes if you have all documents and the branch is not busy. Online account opening typically takes one to three business days for approval. You receive your account number immediately upon approval, though your debit card arrives by mail within one to two weeks.

Can I open a BDO account if I don't have a permanent address?

BDO requires proof of current address, which can be a utility bill, lease agreement, or government document. If you do not have a permanent address, ask the branch whether they accept alternative documents such as a letter from your employer or a notarized statement of residence.

What is the minimum opening deposit for a BDO savings account?

The minimum opening deposit varies by account type and changes periodically. It may range from a few hundred to several thousand pesos. Contact your local BDO branch or check their website for the current minimum for the specific account type you want to open.

Do I need to be a Philippine citizen to open a BDO account?

BDO serves both citizens and non-citizens, including foreign residents and overseas Filipino workers. You will need valid identification and proof of address. Non-citizens may need additional documents such as a passport or visa. Ask your branch what documents they require for non-citizen account holders.

Can I open a joint savings account at BDO?

Yes, BDO offers joint savings accounts for two or more account holders. Both account holders must be present with their identification and proof of address. The account can be set up so that either party can withdraw funds, or so that both parties must authorize withdrawals, depending on your preference.