This guide will help you with some vital information you will need regarding Kaya Savings account requirements.
To start with, a statement on the Bank of Philippine Islands (BPI) website states, “Effective January 15, 2021, all existing Kaya Savings Accounts will be converted to Regular Savings Accounts”.
Hence for this guide, don’t get confused when you hear or see these two being used.
You can have a difficult time opening the Kaya savings account at any BPI branch if you do not meet the eligibility mark or requirement status.
This is why it is important to find out what the requirements for a the savings account are before you proceed to open one.
Now let’s go to the Kaya account requirements.
Kaya Savings Account Requirements
Below are the requirements to open a Kaya Savings account:
- Proof of Identification. Residents of the Philippines can submit any of the government-approved cards, whereas foreigners can use their passport or ACR card.
- Proof of residential address from any document containing your home address
- Tax Identification Number (TIN)
- A passport size photograph
- A minimum opening amount of Php 200
You can find out more about the requirements at https://www.bpi.com.ph/announcements/kaya-savings.
Minimum Initial Deposit Requirements For Kaya Savings Account
The minimum initial deposit for a Kaya Savings account currently stands at Php 200. This minimum opening amount should be deposited into your account once you open the account.
It does not always mean you should deposit Php 200. However, that is the least you can deposit for the first time.
Can You Open Savings Account Online
Yes, the Kaya Savings account at BDO can be registered via their online portal.
This helps individuals who have difficulties in accessing a BDO branch to open the account remotely once they have gathered all the requirements for a Kaya account.
You can reach the BDO customer center at (+632) 889-10000 or send them an email at https://www.bpi.com.ph/contactus to address your concerns.
This is all that we have for you on Kaya account requirements.
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