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 P1 Million per depositor.