Smart Checking
Settling your financial obligations can be simple and effortless with BDO.
BDO Smart Checking Account gives you the benefits of a Peso Checking Account while allowing your funds to earn interest. It comes with a BDO EMV Debit Card to give you access to ATMs.
You have the option to open an account with an Electronic Statement of Account (e-SOA) or a passbook. Both offer helpful ways in monitoring your transactions.
| FEATURES | Statement | Passbook(5) |
|---|---|---|
| Minimum Initial Deposit |
Php 15,000.00 (Personal) Php 25,000.00 (Business) |
Php 25,000.00 (Personal) Php 50,000.00 (Business) |
| Minimum MADB Requirement (1) |
Php 15,000.00 (Personal) Php 25,000.00 (Business) |
Php 25,000.00 (Personal) Php 50,000.00 (Business) |
| Minimum Balance to Earn Interest |
Php 15,000.00 (Personal) Php 25,000.00 (Business) |
Php 25,000.00 (Personal) Php 50,000.00 (Business) |
| Gross Interest Rate Per Annum | 0.0625% | 0.0625% |
(1) MADB – Monthly Average Daily Balance
| FEES & CHARGES | Statement | Passbook |
|---|---|---|
| Account Closure (2) | Php 300.00 | Php 300.00 |
| Falling Below Minimum Balance (3) | Php 300.00 | Php 500.00 |
| Account Dormancy (4) | Php 30.00(4) | Php 30.00(4) |
| Withholding Tax for Interest Earned | 20% | 20% |
| Checkbook |
Php 250.00(6) (Personal) Php 500.00(6) (Business) |
Php 250.00(6) (Personal) Php 500.00(6) (Business) |
| SPO Application/Filing | Php 200.00 | Php 200.00 |
(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 checking account is dormant if it has no client-initiated activity for one (1) year.
- Collection will start five (5) years after the last client-initiated activity date.
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The revised collection and dormancy fee is effective April 25, 2017.
BDO EMV Debit Card
The BDO EMV Debit Card is the perfect banking companion wherever you go.
Here’s how to open a Smart Checking account online:
Basic debit cards can be picked up at any BDO branch on the same day that you receive an email confirmation that your account is opened.
Personalized debit cards can be picked up at your chosen BDO branch in 3 to 5 banking days (Metro Manila) or in 2 to 3 weeks (Provinces) after you receive the email confirmation that your account is opened.
NOTE: You may be asked to submit additional documents at the BDO branch after further evaluation.
- Passport (with English characters)
- Driver's License issued by LTO
- Professional Regulations Commission (PRC) ID
- Unified Multi- Purpose ID (UMID)
- Social Security System (SSS) ID
- Philippine Identification System (PhilSys) ID
- School ID (for minors)
- NBI Clearance
- PNP Clearance with dry seal
- Philippine Postal ID
- Voter's ID
- Tax Identification Number (TIN) ID
- Barangay Certification with dry seal
- Government Service and Insurance System (GSIS) ID
- PhilHealth ID
- Senior Citizen ID
- Overseas Workers Welfare Administration (OWWA) ID
- Overseas Filipino Workers (OFW) ID
- Seaman's Book
- Government Office and GOCC ID (e.g. AFP, HDMF)
- Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
- Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
- DSWD Certification
- Integrated Bar of the Philippines (IBP) ID
- Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
- 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.