Smart Checking Account Philippines

Why choose Smart Checking

Earns Interest

Earn more when you save more.

Easy Monitoring

Keep track of transactions using a passbook or an electronic statement of account (e-SOA).

Bank Anytime, Anywhere

Personal account features

E-Statement

Minimum Initial Deposit - ₱15,000

Minimum MADB⁽¹⁾ Requirement - ₱15,000

Minimum Balance to Earn Interest - ₱15,000

Passbook

Minimum Initial Deposit - ₱25,000

Minimum MADB Requirement - ₱25,000

Minimum Balance to Earn Interest - ₱25,000

Debit Card

Available for Personal accounts

Gross Interest Rate Per Annum

0.0625%

Business account features

E-Statement

Minimum Initial Deposit - ₱25,000

Minimum MADB⁽¹⁾ Requirement - ₱25,000

Minimum Balance to Earn Interest - ₱25,000

Passbook

Minimum Initial Deposit - ₱50,000

Minimum MADB Requirement - ₱50,000

Minimum Balance to Earn Interest - ₱50,000

Gross Interest Rate Per Annum

0.0625%

Fees and charges

Account Closure ⁽²⁾

₱300.00

Falling Below Minimum Balance ⁽³⁾

₱300 (Statement)

₱500 (Passbook)

Account Dormancy ⁽⁴⁾

₱30

Withholding Tax for Interest Earned

20%

Checkbook Fee

₱250 (Personal Account)

₱500 (Business Account)

SPO Application/Filing

₱200

⁽¹⁾MADB - Monthly Average Daily Balance

⁽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.
The revised collection and dormancy fee is effective April 25, 2017.

Ways to open an account

Open a Smart Checking Passbook Account Online

For existing BDO depositors, click below.

Open a Smart Checking Statement Account Online

For existing BDO depositors, click below.

Download Forms

Fill out and print the account opening forms before going to a BDO branch.

Visit a Branch

Open an account at a branch near you.

Account opening process

Online:

✓

Step 1

Choose an account and fill out the forms.

Step 2

Prepare your requirements:

Valid ID with your photo and signature
Your selfie holding a valid ID with photo and signature
Photo of 3 signatures

Step 3

Meet a BDO representative via Zoom video call for account opening evaluation.

Step 4

Fund your account and pay for the initial checkbook within 7 days of approval to avoid account closure.

Funding options:

Cardless deposit at any BDO Cash Deposit Machine
Deposit at any BDO branch. For applications outside of the Philippines, remit via BDO Remit offices or remittance partners
Send money online

Branch:

✓

Step 1

Fill out and print the account opening forms.

Step 2

Prepare the minimum initial deposit and valid ID.

Step 3

Visit the nearest BDO branch.

Saved your account opening online?

Proceed with your application by entering your reference number.

Accepted IDs for account opening

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.
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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