Bank of the Philippine Islands (known as BPI) is a huge player in the Philippines market, with numerous branches throughout the country. Finding any component of this bank in the Philippines is not difficult. But some people need more detail via the question: “How can I get a BPI near me?”
This article will respond to the above question and attach some service information and things customers can consider before coming to this bank to make transactions. Let’s enhance your finances now!
Table of Contents
About BPI
Bank of the Philippine Islands was formed in 1851, becoming the first bank in the country and East South Asia.
The bank offers various services, including consumer loans, savings, wealth management, insurance, bill payment, securities brokerage and distribution, foreign exchange trading, leasing, cooperation, and investment enterprise. Therefore, domestic and foreign individual and corporate customers are all potential customers that it targets.
In addition, two subsidiaries Bank of the Philippine Islands (Europe) Plc (London) and BPI International Finance Limited (Hong Kong), also contributed significantly to supporting the parent company in forming international links, meeting the needs of the parent company’s financial service needs for overseas Filipino residents.
How To Find A BPI Near Me?
Until now, the bank has more than 1,173 branches, including BPI transaction offices, Family Saving (BFSB), Direct Banko, quality branches, and more than 2,700 ATMs and Cash Accepting Machines (CAM). Chapters in the Philippines are mainly distributed in 6 areas:
- Northern Metro Manila
- Southern Metro Manila
- North Luzon
- South Luzon
- Visayas
- Mindanao
Each large region consists of many small areas with at least 10 branches. To find the location near you, you can find the address on the bank’s official website or enter the area’s name on the search engine.
Most branches have business hours from 9 am to 4:30 pm, with the payment cut-off at 2:30 pm. Units located in malls, complexes, or areas under community quarantine will often have different schedules depending on regional regulations.
How Do I Open A BPI Deposit Account Online?
To open an account at a branch, you only need to bring valid government-issued identification and the required minimum amount for the type of account you want to open, as the teller advises. However, to open an online account, you need to pay more attention than that, and everything should be done by yourself to ensure information security.
You first need to download the BPI Online application at the App Store (IOS) or Google Play (Android) to your phone.
For Registered Customers
- Access to the app with the username and password which you already have
- Choose your account currency
- Select the account type and click “Next.”
- Tick agree after reading the terms and conditions required, then press “confirm.”
- Receive the OTP via text message, enter it in the request box, and press “Send.”
- Complete account creation
If it is a Peso account, before 10 pm on the same day, you must deposit the necessary maintenance amount required by the type of account just opened.
For Unregistered Customers
After you select “Register and open an account now,” you will receive a request and instructions for online registration. You need to follow the guided steps. For a Peso account, you must deposit the required maintenance balance before 10 pm on the same day.
Which Type Of BPI Savings Is Right For Me?
Bank of the Philippine Islands provides customers with various savings services to suit individual needs, optimize safety and management and maximize profits for customers. Below are the joint savings accounts that banks often offer their customers in the currency Peso.
| Regular Savings | Pamana Savings | Maxi Saver | |
| Uses | can be opened anytime, anywhere through branches or Internet banking | offers free life insurance whose value is 3 times the amount of your account balance, up to PHP 2 million | allows you to earn more than the regular one, with an additional 0.125% interest for not making any withdrawals during the month. |
| Required Initial Deposit (PHP) | 3,000 | 25,000 | 2,000,000 |
| Required Minimum Monthly ADB (PHP) | 3,000 | 25,000 | 2,000,000 |
| Required Daily Balance to Earn Interest (PHP) | 5,000 | 25,000 | 2,000,000 |
| Interest Rate (Per Annum) (%) | 0.0625 | 0.0625 | 0.125 |
In addition to the above account types, BPI has services for foreign currencies, such as USD, or specifically designed for different age groups, such as 10-17 years old.
How Can I Deposit In BPI Without Going To Bank?
You can use a Cash Accept Machine (CAM) instead of depositing money at the counter. This device lets customers deposit cash directly into any BPI-affiliated account, including Family Savings Bank, check, or Passbook. Funds move instantly, and there are no transaction fees or amortization.
There are two plans for you to use the CAM, however, note that the machine only accepts denominations of 100, 500, and 1000 Pesos:
- Using your debit card: Insert your card, choose “Deposit,” then press your PIN. After the receiving box opens, put your money in it, and the system will count and return the bill to confirm the received amount.
- Without using your debit card: Press the “Enter,” choose “Deposit,” and then enter your account number. After the receiving box opens, put your money in it, and the system will count and return the bill to confirm the received amount.
FAQs
Can I Have Two Accounts In BPI?
Yes, although many disagree, you can have as many BPI accounts as you want. However, depending on each individual’s purpose, owning many separate accounts will assist them in managing finances and spending.
Particularly, with a Mastercard debit card, you can have one Main deposit account and up to nine other Linked deposit accounts. The Main one can be used at any ATM even though it is not affiliated with BPI, while the Linked ones only transact at the Bank of the Philippine Islands ATM.
How Much Is The Minimum BPI Maintaining Balance?
Depending on your deposit package, there are different initial and monthly minimum balance requirements and penalty fees if they are below the standard.
For example, with a standard account for Philippine currency, you need to maintain from 3,000 PHP initially and per month. If your account has less than the above number, you will be charged an additional fee of about 300 PHP.
How Much Is The Maximum BPI To Cash Transfer?
Registered and personal accounts do not have any limits on the amount you can transfer. For an unregistered one, the maximum one-day limit is PHP 250,000, which includes phone top-ups, bank transfers, websites and apps, and cash transfers.
How Much Is The Maximum Amount In A BPI Savings Account?
Once your account is verified, there are no limits on savings. For charges under verification, you can still deposit up to PHP 30,000 in savings.
Conclusion
The question: “How can I get a BPI near me?” got the answer. Moreover, you may have noticed a few services and BPI Online that can assist your requirements without going to a branch.
The bank also offers a variety of savings types that better optimize your assets through attractive interest rates and provide minimum conditions to achieve them. As a result, you properly consider options to enhance profits from your financial resources.
