How to Open a BPI Checking Account

  • Share

BPI Checking AccountI finally opened a BPI checking account last week. Compared to opening a regular savings account it is more difficult to open and I will share why later. Though, the process is slightly the same the feeling is different because you will feel richer (haha!). Like I normally see it on TV used by the rich character and now I finally have one. But kidding aside, it has several advantages that make having it a good choice.

Advantages of a Checking Account

First things first, checking account is not only for the rich anymore. I opened mine with just Php 10,000 and I got this because I am in that moment of life that having a checking account is a must. So here are the 5  advantages of opening a checking account.

Secured Payment Option

The best feature of a checking account is, of course, the security it offers. For example, you are having a business transaction with someone you barely know then you may pay him a crossed check. This is to ensure that the payee can only deposit it to his account which will further prove that he is the same person you are transacting with.


It provides convenience most especially if you are purchasing a new car or a house maybe. Bringing a check instead of cash is much more convenient on top of the security mentioned above.

Use to Track Cashflow

Checks are serialized and there are pages on the beginning of your checkbook where you can write the details about the check you released. This will help you in tracking where your money goes.

Payment for Recurring Bills

You might be required by your landlord to issue post-dated checks (PDCs) before signing the leasing contract. This feature of a check will help you pay your dues timely and your landlord, in this case, to easily deposit the checks on his account. Providing you a good credit history while giving your creditors convenience.

Payment for Investments

If you have insurance and investments to pay then having a checking account is very handy. In my case, I enjoy investing in Initial Public Offerings (IPOs) and they don’t accept cash as payment. It’s either a manager’s check which is Php 50 each or a personal check for Php 250 per book. Aside from that, you will not have to fall in line for long hours just to get a manager’s check.

READ: How to Open a BPI Savings Account

How to Open a BPI Checking Account

You can easily open a BPI checking account by visiting the nearest branch in your area. And knowing the steps and things to bring will give you a smoother transaction.

Here are the steps in opening a BPI checking account:

1. Secure the Requirements

You must bring 2 pcs. of 1×1 picture with a clear background, 1 billing statement showing your present address, photocopy of 2 valid IDs, and an initial deposit of Php 10,000.

2. Proceed to the Branch

Once you have the requirements ready then you may now proceed to the nearest branch in your area and get a queuing number from the guard.

3. Short Interview with the Bank Teller

The bank teller will ask you a question you might have overlooked, “why are you opening a checking account?”. Unlike a savings account, you must have a clear goal why are you opening a checking account.

Don’t tell that you just feel getting it because most likely your application will be denied. Your answer must be similar to the following: business purposes, investment, for a condo purchase, etc.

4. Fill-out Application Forms

Once you have given a good answer to why you need it the teller will give you forms you can easily fill out. And if you have completed the forms you may now submit it to the teller together with the other requirements. By the way, aside from the deposit of Php 10,000, you must also be ready to pay Php 250 per checkbook.

5. Wait Until Done

Sometimes the branch can release your checkbook the same day only if they have the facility to create it. However, most of the time they will suggest to you coming back again on the same day of next week to get your checks together with the ATM card.


0 comments… add one

Leave a Comment