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Passbook Savings

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Enjoy the security of a passbook and earn fixed interest on your savings.

The BDO Peso Passbook Savings Account lets you enjoy the benefits of a typical interest-earning account with the security of a passbook. It encourages you to develop a good savings habit.

When you open an account, you are given the option to choose if you want a BDO Debit Card for convenience in accessing ATMs or have the passbook alone.

 

FEATURES
Minimum Initial Deposit Php 5,000.00
Minimum MADB Requirement (1) Php 10,000.00
Minimum Balance to Earn Interest Php 10,000.00
Gross Interest Rate Per Annum  0.0625%

(1) MADB - Monthly Average Daily Balance

 

 

FEATURES
Account Closure (2) Php 300.00
Falling Below Minimum Balance (3) Php 300.00
Account Dormancy (4) Php 30.00 (4)
Withholding Tax for Interest Earned 20%

(2) Account Closure Fee will be collected if account is closed within 30 days from account opening.
(3) Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months. 
(4) Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.

  • A savings account is dormant if it has no client-initiated activity for two (2) years.
  • Collection will start five (5) years after the last client-initiated activity date.
  • The revised collection and dormancy fee is effective April 25, 2017.

BDO Debit Card

The BDO Debit Card is the perfect banking companion wherever you go.

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BDO Digital Banking

Sign up to access your account anytime, anywhere.
 

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Here’s how to open a Passbook Savings account online:
 

  

  

 

 

Accepted IDs for Account Opening
  1. Passport (with English characters)
  2. Driver's License issued by LTO
  3. Professional Regulations Commission (PRC) ID
  4. Unified Multi- Purpose ID (UMID)
  5. Social Security System (SSS) ID
  6. Philippine Identification System (PhilSys) ID
  7. School ID (for minors)
  8. NBI Clearance
  9. PNP Clearance with dry seal
  10. Philippine Postal ID
  11. Voter's ID
  12. Tax Identification Number (TIN) ID
  13. Barangay Certification with dry seal
  14. Government Service and Insurance System (GSIS) ID
  15. PhilHealth ID
  16. Senior Citizen ID
  17. Overseas Workers Welfare Administration (OWWA) ID
  18. Overseas Filipino Workers (OFW) ID
  19. Seaman's Book
  20. Government Office and GOCC ID (e.g. AFP, HDMF)
  21. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  22. Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
  23. DSWD Certification
  24. Integrated Bar of the Philippines (IBP) ID
  25. Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
  26. Maritime Industry Authority  (MARINA) ID

 

*One (1) valid ID is acceptable if the ID is a Passport, Driver’s License, PRC ID, UMID, SSS ID, PhilySys ID or School ID (for minors).

Otherwise, please prepare at least two (2) valid IDs from the list. The chosen ID must be original and within their period of validity.

 

 

You may be asked to submit additional documents in compliance with bank regulatory requirements.

 

 

Deposits are insured by PDIC up to P500,000 per depositor.

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