BDO Branches Philippines Complete Guideline

BDO are among these highly-rated banks and have dominated the field for years since their establishment. With more than 1500 BDO Branches scattered throughout the entire country, be confident that you can find one near your local area and neighborhood anytime you wish!

The Philippines has always ranked high regarding top-quality banking and financial services. Both Filipinos and foreigners can trust these programs and systems to deliver optimum interest rates, streamlined experience, and little to no extra fees!

So what does BDO offer, and how does it work to remain a trusted brand to customers? This insightful article will gladly answer that question for you. Click for more of our verdict!

About The Background of BDO Philippines

Origin

BDO Unibank – one of the biggest asset banks in the Philippines, is an SM investment unit (SM investments serve as the country’s largest conglomerate in market values).  

Used to be called “Acme Savings Bank” and acquired in 1976 by SM Groups, the BDO first became public around 2002. It’s headed by Sy-Cosn Teresita, the daughter of Henry Sy (founder of the SM Groups). 

Meanwhile, Tan Nestor, the CEO, seized some important positions with New York’s Banker Trust and London’s Barclays before moving to BDO in 1998.

Since its debut, the brand has operated over 1500 branches and 2500 ATMs. Aside from Filipino regions, it also opens a Hong Kong branch and 15 representative offices/overseas remittances in the Middle East, North America, Europe, and Asia. 

Business

BDO is a universal and full-service bank with a broad range of programs, including retail and corporate banking, trust, treasury, remittances, cash managements for corporates, and credit cards.

The brand also delivers investment banking, stock brokerage servicing, bancassurance, private banking, and leasing through numerous subsidiaries. 

To simplify things, let’s say that the entire BDO unit has engaged in commercial banking systems, operating through these segments listed below:

• Insurance: including life insurance and insurance brokerage. 

It will provide solutions for corporate clients and individuals in terms of estate planning, retirement, savings, education, and protection for corporate clients and individuals. All these offerings are available via life insurance services and products. 

• Commercial Banking: handling the entire cash management, trade financing, and lending for retail and corporate customers. 
• Private Banking: delivering non-traditional and traditional structured investment products to institutional accounts and individuals of higher net worth.
• Investment Banking: offering services to clients not associated with deposit products and traditional loans (mostly corporate clients). 
• Financing and Leasing: involving direct leaseback, sale, leases, and real estate arrangements. 
• Others: Focusing on computer and credit card services, accounting services, remittance, realty, and asset management. 

How to Open and Check Your BDO Account

1. Opening The Account

One of the many reasons Filipinos love to use BDO services is its straightforward process. Indeed, opening an account here is by no means difficult and requires barely any legal documents. To do so, you only need to follow this brief three-step guide: 

Step 1. Go to the bank’s official website to download the application form. (You will see a yellow button, “Download forms”, right next to “Find a branch). Fill out all the most basic and crucial information, such as:

• Full name
• Mobile number and email address (both personal and working ones)
• Country of birth and citizenship
• Financial info (fund sources, job/position in the company, your primary employer)

Make sure every info is accurately retrieved. Otherwise, the rest of the steps can be quite bothersome! 

Step 2. Prepare initial deposits and valid IDs. For IDs, you only need one if this ID is:

• Driver license
• UMID
• Passport
• PRC
• SSD
• School IDs (for minors)
• PhilSys

If you can’t submit these options above for whatever reason, it’s a must to prepare at least two valid IDs. (ex: one Senior-citizen ID and one PhilHealth ID). 

Step 3. Now go to any BDO branch nearby to receive more support from its staff. You can always use the “Find a branch” button mentioned above to navigate one quickly. 

2. Checking Accounts

Handling financial obligations will be effortless with these services. BDO’s checking accounts allow customers to disburse funds via check insurance and monitor their transactions via eSOA (Electro Statements of Accounts) and passbooks. Thanks to these programs, managing your budgets and achieving future financial milestones is within reach!

Here is an array of service options that might suit you need:

BDO Branches List

To check full detail of branches and ATM, please visit BDO official website.

How to Sign Up For Loans With BDO Services

Step 1. Check to see whether you are qualified. 

Your age must fall between 21 and 60 years old, with yearly income requirements of at least PHP 15000 (salaried employees) or PHP 35000 (Professionals/self-employed)

Step 2. Prepare all the necessary documents for later proceedings.

For Filipinos, you only need to bring identification proof and ID. However, with foreigners, VISA, working permit, employment certificates, et cetera, are also required.

Step 3. Submit the documents and forms to your local branch.

Conclusion

So what are BDO branches, and why do most Filipinos trust their services so much? We believe our post has answered that question in great detail, ensuring you do not miss anything. Assess your demands and preferences to choose the best program for your savings!

And as already mentioned, there’s no need to worry about BDO not being available in your area. More than 1500 branches mean its presence is literally everywhere, supporting you in every step!

Do you still have more questions about their systems and capabilities? Feel free to reach out to us for more support. Our comment section and chat box are always open!

See also: BDO Exchange Rate – BDO Forex Today