Foreign Currency Savings

Keep your foreign currency in a savings account ready when you need it. Available for EUR, JPY, GBP, AUD, CAD, HKD, SGD, and CNY. 

Foreign Currency Savings
Foreign Currency Savings Account

Why choose Foreign Currency Savings

Features

MADB - Monthly Average Daily Balance
Click here to view the list of branches that accept Chinese Yuan Savings Accounts.

Fees and charges

EUR

Account Closure (1) - EUR 8
Falling Below Minimum Balance (2) - EUR 5
Account Dormancy (3) - EUR 0.55 

JPY

Account Closure - JPY 500
Falling Below Minimum Balance - JPY 500
Account Dormancy - JPY 60

GBP

Account Closure -  GBP 7
Falling Below Minimum Balance - GBP 1
Account Dormancy - GBP 0.60
Withholding Tax for Interest Earned - 15%

CNY

Account Closure - CNY 30
Falling Below Minimum Balance - CNY 30
Account Dormancy - CNY 4
Withholding Tax for Interest Earned - 15%

CAD

Account Closure - CAD 10
Falling Below Minimum Balance - CAD 5
Account Dormancy - CAD 0.75
Withholding Tax for Interest Earned - 15%

HKD

Account Closure - HKD 5
Falling Below Minimum Balance - HKD 5
Account Dormancy - HKD 4.50

SGD

Account Closure - SGD 5
Falling Below Minimum Balance - SGD 5
Account Dormancy - SGD 0.75

AUD

Account Closure - AUD 10
Falling Below Minimum Balance - AUD 5
Account Dormancy - AUD 0.75
Withholding Tax for Interest Earned - 15%

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

The revised Withholding Tax for Interest Earned is effective January 1, 2018.

  • 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.

Open an account today

Account opening process

Branch:

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.

Our website uses cookies

By using our site, you agree to BDO’s use of cookies to help improve your browsing experience. View our Data Privacy Policy for more details.