How to Open a Checking Account at BPI

By Julius Vandersteen

The Bank of the Philippine Islands began operations in 1851, and became an expanded commercial bank in 1982. In 2000, BPI became the first bancassurance firm in the Philippines, upon acquiring insurance companies from the Ayala Group. Also that year, BPI introduced its Internet bank. The bank offers online banking services, where you can view real-time balances of your deposits, loans and credit cards, transfer funds and pay bills online. You can open a checking account at BPI by following a few simple steps.

Step 1

Go to the BPI Direct Savings Bank website to access the online account application.

Step 2

Click on "Checking" from the pull-down menu. Click on "Single Account" or Joint Account" from the next pull-down menu. If picking a joint account, both clients should be based in the same location. Click on your current location, either "Within the Philippines" or "Outside the Philippines" from the next pull-down menu.

Step 3

Click on the next pull-down menu to indicate whether you are already a member of BPI Express Online. Read the "Terms and Conditions," and then click on the checkbox indicating that you agree to be bound by them, and then click on "Continue." A deposit account application will appear.

Step 4

Click on the top pull-down menu to select your country of residence, and then click the "Select Area" pull-down menu to select a bank branch where you will claim your ATM card upon visiting the Philippines.

Step 5

Type in your name and other identifying information, including an email address, and then click "Submit." Await instructions that BPI will email to you about how to complete your account opening.