A savings account without maintaining balance?
Yes, BPI has launched its BPI Easy Saver account, a savings account without maintaining balance. It launched it as an easier way to save, as you can start with 200 pesos, and you can deposit small amounts.
It also forces you to "save" your savings, and encourages you not to withdraw your savings frequently.
Why not withdraw frequently? Because you are charged 5 pesos for every ATM withdrawal, and 100 pesos for over-the-counter withdrawal.
What can you use this BPI Easy Saver for?
- As a way to send allowance to your child in college. Compared to the BPI Express Cash Card, this BPI Easy Saver is better. It's a savings account, so it earns interest and is PDIC-insured. It's also cheaper -- the ATM card is 50 pesos, and the withdrawal fee is 5 pesos. The Express Cash Card costs 150 pesos and its withdrawal fee is 15 pesos.
- As a remittance account
- As a regular savings account
How to Open an Easy Saver Account
- Go to a BPI or BPI Family branch.
- Just like with any other bank savings account, bring:
-- two valid IDs
-- 2 1x1 ID pictures
-- Bring also a bill with your name and address (Meralco, PLDT, or a credit card bill) just in case the branch requires a proof of address. Some branches accept barangay clearance or certificate as proof of address.
- For students, bring extra documents, just in case the branch requires more documents:
-- your school ID
-- current registration card or enrollment card
-- NSO-issued birth certificate
-- barangay clearance or certificate, or any proof of your address (bill in the name of your father; your
birth certificate shows your relationship)
Pag masyadong strict ang branch, mag-inquire sa ibang branch. Or sa ibang banko na lang. Marami namang banks. And then kung meron kang time, mag-comment dito o sa ibang banking blogs about banks that require lots of documents.
- Pay 50 pesos for the Express Teller ATM card.
- Deposit at least 200 pesos.
Are There Other Fees I Need to Know?
- You're charged 5 pesos for every withdrawal from a BPI ATM machine. You're charged more for withdrawals from other banks' ATM machines.
- You also pay this 5-peso-charge for every fund transfer and bill payment via your BPI Internet banking.
* Itong account na ito ay maganda para sa mga depositors na nahihirapan sa pag-maintain ng minimum balance requirement. Mas mura na yong 5 pesos per withdrawal kesa yong 300 pesos a month na penalty for not maintaining the balance requirement. Planuhin mo na lang ang withdrawals mo para bihira kang magwidro.
Read also:
Savings Accounts in the Philippines with the Lowest Maintaining Balances
Best Savings Accounts for Students
Savings Accounts for OFW Remittances
BANKS PHILIPPINES
Lists of Foreign Banks in the Philippines
Contact nos, Swift codes, Paypal codes, websites of Philippine banks
Checking Accounts with Low Maintaining Balance Requirements
Savings Accounts with Low Maintaining Balances on WorkingPinoy website
Top Banks, by Assets, Sep 2012
Top Banks, by Assets June 2012
Top Banks, by Assets March 2012
Top Savings Banks, by Assets Sep 2012
Top Savings Banks, by Assets June 2012
Ranking of Smaller Savings Banks, by Assets June 2012
Top Savings Banks, by Assets March 2012
Top Savings Banks, by Assets Dec 2011
Top Savings Banks, by Assets Sep 2011 on WorkingPinoy website
Most Profitable Banks, by ROE June 2011
Open a Philippine Bank Account While Abroad
Ranking of Smaller Savings Banks, by Assets Dec 2011
RCBC Makati, Photo: Mike Gonzalez
Union Bank Ortigas, Photo: Mike Gonzalez
PBCom, Photo: Mike Gonzalez
BPI Makati, Photo: Mike Gonzalez
BPI Savings Account Without Maintaining Balance -- BPI Easy Saver
Posted by Nors at 3:33 AM
Labels: ATM savings account, bpi, BPI savings account, no maintaining balance, savings accounts in the Philippines, without maintaining balance
Manila, Photo: Mike Gonzalez
Cebu, Photo: Mike Gonzalez
102 comments:
pwd magdiposite 200 sa bpi family savings bank???
hi po, eh pano me maka apply sa BPI Express Teller. voters id lang meron ako. ang hinahanap po nila. ss id or passport. ang meron lng sa akin ss na RS-1. di pa ako naka kuha ng id. gusto ko sana mag opn accnt sa BPI Express Teller. ang branch nila sa novaliches high way. yun lang kasi malapit sa amin..
Hi jerry, apply for your SSS ID. I heard their processing has become faster now. If you have paid at least one contribution, you can apply. Bring your voter's ID. You can also apply for a postal ID. Other banks accept voter's ID and postal ID. Meanwhile, look out for BPI Easy Saver account opening promos at supermarkets or malls.
do they accept nbi clearance only?
Hi krisha, sorry that's not enough. You need to show a photo ID. Get a postal ID, but some branches prefer an SSS ID over a postal ID.
i have a postal id,is that enough?
pwede rin po ba na brgy clearance lang tas may photo copy? wla ako nung ibang id e.
sa easy saver po, how long it take po para magamit ito,at pwedi po ba magpagawa ng bank cheque or manager's cheque gamit ang account na yan?salamat po
Hi Anonymous, yes, you can use your account immediately; you can deposit to it immediately. However, the atm card may take a day after you enter your PIN before you can use it.
Yes, you can use this account to buy manager's or cashier's check. But deposit money to it first because you will use this account to pay for the check.
Hi Anonymous, about IDs: they may accept postal ID and another ID (school ID, company ID).
If barangay clearance and postal ID only, I'm not sure; some branches are stricter than others. But you can always try; get in the bank branch and ask the new accounts tellers.
Hi, are the two valid ID's should have my present address?I'll bring my passport and company ID.
But my address is not indicated in my company ID.
Also, do they accept telephone bill?
Thank you!
Hi Anonymous, your passport and company ID are valid IDs. Bring 2 ID pictures. The 2 IDs should be enough, but if you have a phone bill, bring it just in case they ask for it.
Pano pag nagrerent lang ng bahay?yun mga bills ng kuryente,tubig,etc hindi nman naka name sa amin.pwede ba un dalhin naka name sa owner ng bahay?
Hello . Tnong ko lng pde ba mag padala ang ibng bnsa ng money dito sa atm na to ? Thanks
If the bills are not in your name, you cannot use them. If you have 2 valid IDs, you try opening an account. Not all branches or bank officers require bills. I think they ask for bills only if they feel the types of IDs you have shown are not sufficient to prove your identity.
Yes, your sender abroad can send money for deposit to your BPI Easy Saver. Make sure your sender has the correct name, name of bank, and account no.
Hi, Good day! Is it ok to deposit a check in bpi easy saver? Thanks.
Yes, it's a savings account, so it can accept a check. Account name and check payee's name should be the same.
may byad po b pag nag balance inquiry?
Sounds great that banks also shows their concern for the small deposit accounts..!
hi. i just applied my bpi savers in bpi banking center at greeenhills last saturday. my first transaction is on sunday when I tried to change my pin but system or the machine message - this transaction is not allowed. i tried to change pin to other atm but same message appeared. when i asked a person on where i applied, the person said "sa glorietta po or sa greenbelt nyo lang po yan mapapalitan ng pin kasi dun lang ang pwede". i felt so disappointing when she said that. i applied on that center because i was already there and also tried bpi services coz i have other bank savings. yes it was easy to apply and get the card instantly but what about changing the pin number? until now i still not able to change the pin because of my work. sayang naman yung little amount that i deposited. what will happen to it? is it true that i can only change the pin number at glorietta and greenbelt? is there other places aside from makati where i could change the pin number? thank you very much.
About PIN change:
Hi Anonymous, I don't know what to say because it's the first time I've read that you can't change your PIN in Greenhills or any other place or city. What I can say immediately is that BPI now has different atm machines, some are for cash deposits only, some are for deposits without atm cards, and some are regular atms. I think you can find a regular BPI atm there where you can withdraw -- I think this is a machine where you can change your PIN. I hope you can find one in Greenhills so you don't have to go to Greenbelt. I'm not a BPI employee -- I'm just a long-time customer -- and I find it hard to believe that BPI will destroy its customer service by not having atms available for PIN change in all its services areas, especially a place like Greenhills. If that is so, we can call out BPI about this.
hi nors, to be honest i have great respect to bpi thats why i was really shocked when she told me those... what i did is that i went to bpi expressonline service in a mall then told them what was happened. actually there is also a person who had the same case like me. so what the person incharge did is that she gave me form to fillup and she encode it in the system. and then she said "ok na po ma'am, you can change your pin. use the same/temporary pin po. and then a minute or less, napalitan ko na po yung default pin. i hope that this scenario will not happen to other people who plans to have their savings in bpi.
Hi Anonymous, thanks for commenting again. I don't know why the employee in the express center where you got your card does not know how to suggest remedies in case of things such as you have experienced. There must be something amiss with BPI's training system. I hope this is just an isolated case. At least BPI's image was saved by the employee in another express center. best regards
hello good am..i have read all the comments for this site.and me questions din po ako i just came here in manila last june 2012,then i was planning to make a bank account yung di po ganun kabigat sa bulsa in order for me to save money po.then what i have po is a postal id lang and dun pa po galing palawan yun,aside from that wala na po.meron po ko sss e1 form,wala po id kasi me nagsabi sakin na di daw makakakuha ng sss id unless hulugan ng employer.about proof of billing din po,wala ako kasi nakikitira lang din po ako sa di ko relatives.panu po yun?
pwede ba sa card na yan ang bpiexpressonline fund transfer online?
Hi safirah, do you have a company ID? Usually, banks look for 2 valid IDs, and if you have 2, they no longer require proof of address.
Hi Ariel, yes, this savings account can be enrolled in bpiexpressonline
may possibility b na materminate ang account
may possibility na matermnate ang bpi easy saver account kapag hindi nagdedeposit tapos ang balance is 300
Hi Anonymous, BPI has not published a rule about a specific no. of transactions in a year, but I think at least one transaction in 6 months is enough. An account gets dormant when there's no transaction within 2 years.
hi po, ask ko lng kung pwede bah gamitin ang easy saver sa paypal? kailangan ko pang e.verify paypal ko and along the process its asking if what card type ang meron? wla nmn nakalagay sa card kung mastercard ito or visa? help po. di ko ma verify paypal ko eh. paki reply po agad. :(
You need to have Unionbank account it is visa card already and you can use it for your paypal account. i think it costs 250 pesos.
Addition: you can sign up for unionbank Eon Card online. heres the link http://www.unionbankph.com/index.php?option=com_content&view=article&id=2037&Itemid=861
Anonymous, thanks for answering Jessa's question. Two other options are BPI prepaid Mastercard http://www.banksphilippines.com/2012/01/bpi-prepaid-card-my-eprepaid-mastercard.html
and Smart Money (the new version)
Going back to your first question: No, sorry, you cannot use BPI Easy Saver to verify your Paypal.
hello po ask ko po sana kasi dito ako Geneva Switzerland then gusto ko mag open ng account sa BPI may form na po ako ng BPI pwde ko po ba e padala sa pinas ito at 2 xerox valid id o original id e padala ko jan at id pictures?tapos ung my hawak na padalhan ko xa na magpunta sa banko para mag bigay ng form pwde kaya un?kahit hindi ako personal mag appy pero complete naman ung padala ko?
Hi joy, I think you cannot open a BPI account in the Philippines through a representative; account opening must be in person. As far as I know, the only times when BPI grants account opening by mail are if you're applying for a BPI Europe account in the UK and for a BPI Direct account in Bahrain, HK, Italy, Spain, UAE and the U.S. I'll check if there's a PNB Switzerland
Hi joy, I checked PNB, and it has already shifted its activities in Europe from banking to purely remittance.
Hi joy, you can ask these BDO partners if they're offering BDO Kabayan account opening: banksphilippines.com
I hope you can share your experience later on. Thanks and best regards
thank you...pero walang open account dito switzerland ask din ako sa bdo pinas if pwde pero hindi rin pwde if hindi personal..thnx
Hi Nors, nasa Suadi Arabia ang brother. ano bpi account ang pwede ko iopen for his account? Possible ba na ako yung maging representative to apply for his new bpi account? If not, pano sya magkaroon ng bpi account here in the Philippines, Ano need niya gawin? Ano requirements? thanks.
pwede ba dito ang joint account?
Hi Anonymous, yes, I think so, as long as the two of you are present and both of you have valid IDs
hi...kailan po kaya ma-post yung initial deposit na P200 sa account?..thanks
hello..my bpi atm has no transaction for 10 months, puede pa bang magdeposit in that account?
Hi Anonymous (about deposit of 200), it should be there in your account right after deposit. Is this account just opened? You can check your balance 24 hours after changing your PIN. Balance inquiry fee for this type of account is 5 pesos.
Hi fatima, is this BPI Easy Saver? Are you here in the Philippines? Try making a balance inquiry (but this requires a balance of at least 5 pesos since there's a balance inquiry fee of 5 pesos for this typeof account), or try making a deposit. The teller will not accept the deposit if the account is already closed.
Hi Nors...i changed my PIN yesterday afternoon and checked the balance this morning through my bpi online (i enrolled it as additional account)..i'll be checking again later...the balance inquiry fee of P5 is in ATM machines, right?..thanks
Hi Anonymous (about balance inquiry), yes, there's no balance inquiry fee online. But the 5-peso fee is also imposed on funds transfer and bills payment online.
Hi Nors, nasa Suadi Arabia ang brother ko. ano bpi account ang pwede ko iopen for his account? Possible ba na ako yung maging representative to apply for his new bpi account?thanks
Hi Anonymous, you cannot open your brother's BPI account in his behalf. He should open his own account in person. What you can open is your own account. If he likes to open a Philippine bank account, there are BDO remittance partners in Saudi Arabia that accepts account opening for BDO Kabayan: BDO Saudi
nakuha ko na po atm card ko ngayon pero nasa work pa po ako pwede ko na ba ireg muna yun sa online at mobile po?para kapag nag activate ako sabay sabay na lahat sa atm?
Hi sorry I haven't tried that or haven't read about something like that, but you can try enrolling in Internet banking, since your account is already active, and it takes time before they email you back. For mobile baking, I think you need to activate your atm card first. Perhaps you can share here later on what happened. best regards
Pwede po ba mag deposit ng amount like 450 pesos
Hi Anonymous, yes, you can deposit that amount.
If you like, you deposit 4 pieces of 100 pesos into a BPI deposit machine. best regards.
ako si lucky isang studyante ang nanay ko po ay taiwanese kasi po wala na yung door to door na padala ng money sabi nya po mag open ako ng account. pwede po ba sakin to im 17 yearsold this coming oct 14. tnx please reply fast TY.
Hi Lucky, yes, you bring your school ID and latest school registration card, if you have, plus ID picture plus any other ID that you have. If you have a remittance receipt in your name, it also helps, as proof of address and future remittance to your account.
hi po..i would like to open an account sana kaso wla po akong permanent residence dito..NPA po aq..hehe!so panu po aq makaka.apply pg.gnun po?
Hi! Everytime I pay using my bpi easy saver card to a store na may EPS, will there be a 5 peso fee? If i deposit through a teller, may fee din ba?
Hi! Tanong ko lang po sana kung lifetime na po ba ung account mo once na nag open account kana po ng bpi easy savers account? thanks po and god bless.
Okay naman po BPI Easy Saver Account,every semester may pumupunta sa school namin para mag-encouraged ng students like me na mag-open ng ATM saving account and i can say na OK to, kaya kaming magbabarkada nag-open ng account!kinailangan lang namin ng photocopy of our school ID, 250 pesos para sa card & initial deposit.Although may bawas na 5 pesos per withrawal at minimum withdrawal ay 500 lang, at least nae-encouraged tayo na magsave more!A week lang ang hihintayin para ma-activate ang account and mapalitan ang Pin!Kailangan ding i-activate ang BPI banking thru Phone (smart /Globe) para sigaradong maaactivate ang account mo then after a month, may nareceive akong mail galing BPI!
Gud pm..wla po ba limit e deposit ot transfer sa easy saver?..khit 1M or more pwde?
NORS. pano po ba mag depositng check? what are those steps? baka kasi mag muka akong tanga pag kaharap ko na yung machine :) thanks.
hi. Close na ung atm express teller ko. Would you advice to have it re-opened, make a new account or itong easy saver mas marecommend mo? Thanks! :)
Hi Anonymous (about deposit limit), no, there's no deposit/remittace/transfer limit for this account. But if you have already accumulated a big amount, it's best to transfer it to a time deposit so it will earn much more, and check out the mutual funds of BPI and BDO, so you can invest also in mutual funds.
Hi Anonymous (about eps fee), yes, there's a 5-peso fee for every eps transaction. There's no fee for depositing over the counter. You can also use BPI deposit machines -- also free.
Hi Anonymous (about reopening closed accounts). If the account has been closed for over many months, I think you can no longer reactivate it. If it was closed this month or last month, there's a chance you can reactivate it, but you will pay a penalty of 300 or 600 pesos.
BPI Easy Saver is good for students or new grads or first-time employees because it does not require a maintaining balance. The 5-peso atm withdrawal, balance inquiry or eps fee is better than paying 300 pesos or more for not being able to maintain the monthly average daily balance.
Hi Anonymous (depositing a check). Are you referring to the BPI Easy Assistant machine? The machine is a way to get a queu number. The transaction is completed at the counter. Just relax when you're infront of the machine. Many others had their first time.
First, tap the screen, so the menu will appear. Choose Deposit, Withrawal, Encashment, Payment, etc. If you will deposit the check, you will enter the account number and amount of check. If
encashment, you will probably enter amount and check no.
I experienced only Deposit, so I don't know the complete menu for the others. But you will be able to do it. The machine will issue a small while slip with a Number. That's your queu number. Wait for your number to be called, or look from time to time at the digital screen where numbers are being flashed. Go to the counter when your number is called or flashed.
thank you nors. very helpful :)
HI Nors, nag-open ako ng new account BPI Easy Saver. Ilan days sya pwede makuha dun sa branch?
Thanks.
How about naman po s passbook and atm? Mgkano po ung balance n kailangan imaintain? At how much po ung s requirement? Thanks in advance po.
how much is the minimum amount if ill be going to deposit using easy saver?
Ano po requirments para sa BPI join account? At magkano po dapat maintaining balance?
Hi Many Anonymous:
- BPI Easy Saver account does not require a maintaining balance
- After opening, you can get the atm card usually after 5 days or a week. They will instruct you. The number of days changes.
- BPI did not say the minimum amount for deposit. But I think you can deposit at least 100 pesos. But I suggest deposit at least 500 pesos so your effort and time is well spent. You can use BPI cash deposit machines -- they accept 100, 500 and 1000 peso bills.
- For joint accounts, the 2 or 3 persons who want the joint account should all be there in person to open the account, with their valid IDs, ID pics and proof of address, such as bills, in case they ask. Joint accounts have the same maintaining balance requirements as those for single-owner accounts.
- A regular BPI Passbook account requires a maintaining balance of 10k. I suggest you try first the ATM savings account (maintaining balance of 3k - BPI or 1k - BPI Family) and see if you can maintain an account. This way you can prove to yourself that you can maintain a passbook account.
Hi! I am an online seller. Can my clients send their payments through my BPI Easy Saver account?
Hi Anonymous, yes, your clients can deposit their payments into your account over the counter at any BPI branch without paying an interbranch fee.
Thank you so much for the prompt reply!
how much is the interest di ko po kasi alamg kung halimbawa may 700 pa laman ang atm
Hi Anonymous, the interest is negligible -- 0.25% per year. And you should maintain at least 1k in your account before it earns interest. The best use for this account is to save and then after you have saved a lot, put your savings in time deposit.
Good morning,
pwede ko ba malaman ano ano ang mga requirements for my son who is 1 year and 2 months?
Yes, pwede ba namin malaman kung ano yung mga requirements kung sakali gusto namin mag open ng savings account for are kids?
thanks.
Hello, for children who cannot yet sign, you're going to open In-Trust-For (ITF) accounts. Parents would be the principal account owners. I'm not sure if they offer ITF BPI Easy Saver accounts.
Regular opening requirements are 2 valid IDs and 2 1x1 ID pictures. There are branches that require proof of address such as Meralco, PLDT or water bills.
For kids who can fill up bank forms, the requirements would be birth certificate, school ID, registration card, and ID pictures.
There are bank accounts designed for children and teenagers:
Bank Accounts For Children best regards
Hello. I just want to ask if I can withdraw a big amount over the counter even if I only have an ATM. Thanks..
About OTC withdrawal: Yes, it is allowed. If you're withdrawing less than 20k pesos, you'll pay 100 pesos. If more than 20k, it should be free because the atm daily withdrawal limit is 20k (except for BPI Maxi One accounts).
ask ko lng kung pwede may mgttransfer saken ng money sa ibang bnsa using her account there para ttransfer ng money sa account ko sa easy saver?
hi,can i ask how much ang pwedeng i withdraw using bpi easy savers using atm? :)
thank you :)
About atm withdrawal amount: The minimum amount for BPI accounts is 500 pesos. For BPI Family account, the minimum is 200 pesos. Maximum atm withdrawals in a day = 6 times
About money transfer direct from bank abroad: Your sender can do that if his/her bank is US-based; they can use Xoom, Wells Fargo, Lucky Money or Western Union or Moneygram.
For other countries, they can do wire transfer at their banks.
For Australia, wire transfer or mhits:
http://www.banksphilippines.com/2012/12/mhits-send-money-from-australia-to.html
I have postal ID,birth certificate from NsO and 1by1 pic. is that enough for BPI atm application?
I have a Voter's ID and barangay clearance.Are they enough as requirements to open an easy savers acct?Thanks!
About opening account: Usually, they ask for 2 valid IDs, so I'm not sure if they accept those. Voter's ID and postal ID are valid IDs. Yes, NSO and barangay clearance can help. Bring a utility bill as proof of address. Try applying with what you have -- sometimes it depends on the branch or on the bank officer serving you.
If you are students, they are more considerate because bank officers understand that students usually have their school ID only plus their NSO certificate.
Hi ask ko lng po kung pwde png gamitin yung bpi easy saver card if 10 months ng d nagagamit. My charge n ba yun? Pno pag magdedeposit ako ng money need ba s mismong branch or it can be any bpi branch?
hi, kelan ba nagko-closed ang bpi account? pano kung mag-zero balance sya tpos ilang months ng hindi nahuhulugan, ma-dede-activate ba un? thanks!
hi po,meron na po aq atm account ,peru gusto ko mag inqiure sa maintining balance true online,anu po kelangan ko gawin
thomas here, hi nors, may nabasa ako na this savings account can be enrolled in bpiexpressonline.. panu mga transactions dun?. bawas din ba ng 5 pesos?.
just ask to how much the bank of atm?
Hi! Do they accept NBI Clearance as ID?
About where to deposit: You can deposit at any BPI branch.
About 10 months without any deposit: BPI has no definite rule about it, but I think your account is still active.
You try depositing -- the teller won't accept your account is already closed.
About NBI clearance: You should have other IDs. NBI clearance is in the list of valid IDs, but banks want additional photo IDs. Some tellers also require proof of address such as Meralco or PLDT bill.
About enrolling this account in bpiexpressonline.com: Yes, you can register this account. Any debit (deduction) of money from this account will incur a 5-peso charge -- online, atm, store, supermarket, etc.
Over-the-counter withdrawal charge is a no-no because the charge is 100 pesos.
Hi nors, i have sss id, postal and voters id pero lahat ng yan family name q is nung single pa ako.. Nung february aq ikinasal at wla pa akong i.d sa new family name ko.. Okay lang ba na yan gamitin ko at mgdadala lang ako marriage certficate?
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