Thursday, February 9, 2012

How to Open a Bank Account At BDO Philippines

In 2009, Banco de Oro Universal Bank Inc. (BDO) was included in the top 10 corporations in the Philippines. It was managed and owned by SM Investments Company.

Finance Asia is a popular banking and business publication and magazine in Asia and the Pacific. It conducted a research from June 2009 to May 2010 to know who are the top banks in the country. BDO received the recognition for top local investment bank in the Philippines for 2009.

BDO Bank became so famous all over the Philippines you can see it in almost every city and SM malls. It caters to all people with services and merchandises such as remittance products, loans, savings account, current account, investment funds and many more.

Sometimes it is difficult to open a bank especially if you do not know what you will do. In opening a bank account, complete demands is highly important and simply follow the tips shown below.

1. Choose which office you will apply for an account. It is much necessary to choose a branch near your place of residence or work.

2. Bring all necessary demands for applying a bank account that are written below.

2.1 Two recent IDs with your private details and photo and two photocopies of it

Typical ID acceptable in most of the banks consist of: GSIS ID, OWWA ID, PRC ID, Postal ID, Senior Citizen ID, Driver License and other ID acceptable to the bank.



2.2 The bank requires you to pass a copy of your billing statement that can be credit card bill, phone bill and utility account of charges.

2.3 Two (2) 1x1 ID picture

3. Tell the bank officer you like to apply a bank account and afterward fill-up all important forms that will be given to you.

4. Give all requirements and application papers combined with the first money for your bank account. Usually, the first front money is in the extent of P50-P100,000 relying on the the kind of account.

5. Claim your ATM card or account book which is usually at hand for receipt after 4-5 working days. You can activate your ATM card in the ATM machine near the bank.

When opening a bank account, it is very necessary to ready all demands before visiting to the bank to avoid delays and hassles. BDO bank can be one good choice in applying for a deposit account in the Philippines.

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