Are you planning to open a savings account that does not require you to maintain a certain amount just to keep it active?
- Bpi Savings Account For Students
- Bpi Savings Account Type
- Bpi Savings Account
- Bpi Savings Account Maintaining Balance
- Bpi Savings Account Interest Rate
The savings account that earns interest and also comes with life insurance worth 3X your account balance. So what you save also benefits the family!
Are you looking for a bank account where you can keep your allowance or extra remittance from your loved ones?
Well, BPI Kaya Savings Account might be for you.
Many Filipinos get intimidated when it comes to opening a bank account in the Philippines.
- A savings account specially designed for teens aged 10-17 years old to help them develop the habit of saving at an early age.
- Checking account with an ATM card for flexibility in account management through our 24/7 online facilities such as BPI Online Website and BPI Mobile App. Bizlink Checking Affordable and interest-earning account.
- BPI Advance Savings Account Is an account that allows you to enjoy the interest of your deposit ahead of time. Fast Return On Savings Deposit No need to wait, enjoy the benefits of your deposit sooner than expected. Plus, get higher interest rates than a regular savings account. Add Anytime and Earn in Advance Reap from your account.
One of the reasons is that they think there’s a lot of requirements to open an account.
Another reason is that they think they need to have a lot of money for the initial deposit.
And others say that they’re afraid they might not be able to maintain the balance to keep their account active.
But the truth is, there are a lot of bank deposit accounts now that are easy to open and that doesn’t require a lot of requirements.
One of those is the BPI Kaya Savings Account which is one of the most popular offers of the Bank of Philippine Islands.
This type of account is very easy to open just like the BPI Easy Saver account.
With only ₱200, you can already have a BPI Kaya Savings Account.
What’s even more surprising is that it has no maintaining balance, which means less pressure on you if you don’t have a remaining balance on your account.
I don’t know if there’s a similar product in the market nowadays like this BPI Kaya Savings but this one is really a good deal.
So, if you are planning to open an account, you might want to consider this BPI Kaya Savings account.
If you’re still undecided, check out the other features of this bank product.
BPI Kaya Savings Account Features
- Initial Deposit – Php 200 only
- NO/ZERO Maintaining Balance
- Minimal Fees for withdrawal transactions
- Php 5 per withdrawal at any BPI Express Teller ATMs and other customer-initiated debits such as OTC, EPS, and/or 24/7 banking channels
- Php 100 for withdrawals done over-the-counter
- Prevailing Debit Card fees apply
- Required Daily Balance to Earn Interest – Php 1,000
- Interest Rate per Annum – 0.25%
If I’m not mistaken, the new BPI Kaya Savings is their replacement for the BPI Easy Saver Account.
You may ask BPI directly about this and for more info about these account types.
How to Open a BPI Kaya Savings Account
Step 1: Prepare the BPI Kaya Savings requirements:
- 2 valid IDs
- Proof of Billing
- Contact Numbers
- TIN or Tax Identification Number
- ₱200 Initial Deposit
- ₱150 Express Teller Card fee
Step 2: Go to the nearest BPI branch.
Most banks now require applicants or account holders to open an account at the branch within the area of their residence.
Once at the bank, go to the Customer Information table and inform them that you are going to open a BPI Kaya Savings Account.
You will need to fill out the account opening form and affix your signatures which should match with your valid IDs.
After that, you will have to submit all the requirements and the Initial Deposit of ₱200 and Express Teller Card fee of ₱150.
Step 3: Activate your BPI Kaya Savings Account
You will receive your ATM card on the same day after your application for BPI Kaya Savings Account is approved and processed.
Bpi Savings Account For Students
Then, you’ll have to change the PIN (Personal Identification Number) at the ATM machine.
Your new BPI Kaya Savings Account ATM card shall be activated and ready to use within or after 24 hours.
FAQs about BPI Kaya Savings
What is Kaya savings BPI?
Kaya Savings is one of the accounts that you can open with BPI. Kaya is a tagalog term may mean easy to open because unlike other savings account, Kaya Savings only require ₱200 Initial Deposit and it is very easy to maintain because it has no maintaining balance.
Kaya Savings gives clients a worry-free option when it comes to saving.
How can I open a savings account in BPI Kaya?
Just bring at least 2 valid IDs, proof of billing, and TIN. Then go to the nearest BPI branch to open an account.
What are the BPI Kaya savings requirements for students?
Bpi Savings Account Type
BPI Kaya Savings is ideal for students. The requirements include a valid ID – you may bring your active and valid student ID.
Another requirement is the proof of billing, you may borrow your proof of billing at home like your electric or any utility bill. If this is not available, you may request for a barangay certificate indicating your current address.
TIN is required but you may ask the bank officer if you can open an account without a TIN since you are still a student. But if they insist, you’d have to go to the BIR to apply for TIN.
Some banks require a 2×2 picture. You may bring 2 pcs if you have or ask the bank officer if it’s okay to have no pictures.
Students below 18 years old may need to be accompanied by a guardian during account opening.
When applying for a bank account, don’t hesitate to ask the bank officers about the requirements or any clarifications.
How much is the opening account in BPI?
There are various bank accounts in BPI. The Initial Deposit depends on the type of account that you want to open. For BPI Kaya, it’s only ₱200. For other accounts like BPI Express Teller account, the initial deposit is ₱3,000. Click here for more info about BPI Deposit Rates.
Can I withdraw 100 pesos in BPI?
Bpi Savings Account
Yes, you can withdraw 100 pesos at the ATM machine but not over the counter.
7 Reasons why you should Open a BPI Kaya Savings Account
- Very easy small Initial deposit required. With only ₱200, you can open an account already.
- Very easy to maintain. Since there is no maintaining balance for this type of account, you don’t have to worry about the penalties or account closure when nothing is left on your account.
- Lower fees than other bank account. Only ₱5.00 charge for all customer-initiated debits and withdrawal transactions (ATM and over-the-counter).
- You can earn 0.25% interest per annum if you if you opt to maintain ₱1,000 daily balance on your account. But again, this is optional.
- You only need to pay ₱150 for the issuance of the debit card.
- You can use your BPI Kaya Savings debit card for your offline purchases. For online, it may be available very soon or you may try it and see if it works already.
- Having your own savings account will motivate you to start and continue saving for your future. When you save consistently, you’ll eventually develop a habit of saving, and you will achieve financial freedom in the future.
BPI Kaya Savings Review
Those who have successfully opened a BPI Kaya Savings account said that the account opening process is very fast when you have the requirements ready.
They said that their new account is very easy to manage and maintain and it’s very useful for them. It does what it’s supposed to do.
Bpi Savings Account Maintaining Balance
Students are able to receive and keep their allowances in their Kaya Savings account.
Basically, anyone can open this type of account easily. So, if you don’t have an account yet, get your Kaya Savings now.
Other BPI Deposit Accounts
Depending on your needs and lifestyle, you may open other types of BPI Deposit Accounts:
- BPI Advance Savings: an account that allows you to enjoy the interest of your deposit ahead of time.
- BPI Padala Moneyger: an affordable savings account specially designed for those who receive remittances from abroad.
- BPI Express Teller: an account that helps you simplify your finances through 24-hour superior electronic banking.
- BPI Save-up: an account that helps you set aside money from your ATM account to your Save-Up account regularly (every month, twice a month, etc).
- BPI Jumpstart: an account that is specially designed for the youth, ages 10 to 17 years old. It’s a tool to form the habit of saving at an early age.
- BPI Maxi-Saver: an account that lets you EARN MORE as you SAVE MORE.
- BPI Pamana Savings Account with FREE Life Insurance: an account that lets you earn interest on your savings and it comes with a FREE Life Insurance that’s worth 3x your account balance.
- BPI Pamana Padala: an account that is specially designed savings account for Overseas Filipino Remitters.
- BPI Passbook Account: an account that helps you keep your money while you earn interest and allows you to monitor your banking transactions in an easy and sensible way.
- BPI Foreign Currency Accounts: an account that allows you to save and grow your foreign currency with BPI.
To inquire about any BPI accounts, products, and services, you may call BPI Hotline 89-100 or visit BPI website or visit the nearest BPI branch.
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