List of valid IDs for account opening

Philippine Government-issued IDs:

  • Passport
  • Unified Multi-purpose ID (UMID)
  • Driver's License issued by the Land Transportation Office (LTO)
  • Government Service and Insurance System (GSIS) e-Card
  • Tax Identification Number (TIN) ID
  • Philippine Identification System (PhilSys) ID
  • New Social Security System (SSS) ID
  • PhilHealth Card
  • Senior Citizen ID
  • Voter's ID
  • Philippine Postal ID
  • Professional Regulations Commission (PRC) ID

Private and Foreign Government-issued IDs: 

  • School ID (for minors)
  • Company ID
  • Integrated Bar of the Philippines (IBP) ID
  • Foreign Passport (provide English translation and address in the Philippines)

Product details

Requirement

1 valid ID

Minimum Initial Deposit

₱100

Minimum MADB Requirement

₱0

Minimum Balance to Earn Interest

₱5,000

Gross Interest Rate Per Annum

0.0625%

Fees and charges

Account Closure within 30 days

 ₱300

Below Minimum Balance

₱0

Withholding Tax for Interest Earned

20%

BDO Kabayan Savings is processed and opened only in the Philippines. Passbook and ATM debit card are distributed only in the Philippines. Deposits are insured by PDIC up to ₱500,000 per depositor.