Open a BPI Europe Account in London UK for Remittance & Savings

If you’re a Filipino living in the UK,

you can open a BPI Europe account in London, UK

for these purposes:

• • savings in the UK in GBP or British pounds
  • remittance to the Philippines
  • transfer of your UK pension to the Philippines
  • payment or transfer transactions within the UK

If you’re a British resident but not Filipino, you need to explain why you’re opening an account with BPI Europe, as there are many British banks where you can easily open an account. I think this has something to do with the relenting pressure on banks to prevent money laundering. Of course, BPI Europe might have other reasons.

In 2016, Philippine banks closed their bank branches in Italy due to costly and stringent anti-money-laundering requirements from Italian authorities.

If you’re a British expat in the Philippines, you now need to show your atm or passbook issued in the Philippines before they consider your application. Or it might be better if you ask your BPI bank branch in the Philippines if they can assist you in opening a BPI Europe account.

How to open a BPI Europe account in British pound:

Option 1 — Apply in person

1. Go to BPI Europe PLC
26A and 27A Earl’s Court Gardens
London, SW5 0SZ

2, Bring these documents:

• Your Passport and Visa or Permit to Stay
• Your Proof of Address (any of the following: UK driver’s license
  photocard, bank statement,  credit card statement, council tax bill, landline phone bill, electric or gas billing)
• Your ID picture (1 piece)
• Copy of your National Insurance card, payslip or HMRC letter that shows National Insurance Number