Previously, me and my lovely wife opened a joint savings account in BDO for our emergency fund. We want to have a separate savings account for our emergency fund aside from other savings account we have.
So we went to the nearest BDO branch in our area and advised the teller we’re going to open a joint savings account.
If you’re planning to open a joint savings account in BDO too, this short article might help you.
Joint savings account in BDO requirements
- 2 pcs. of 2×2 latest photo
- valid I.D(original and photocopy)
- proof of billing(should be the same address with any of your valid I.D)
- initial deposit (P2,000) for ATM joint savings account
- TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)
Steps in opening joint savings account in BDO
1. Prepare all the requirements and visit the nearest BDO branch in your area.
*Reminder: BDO has a new policy to refer the applicant to the nearest branch in their area based from your valid I.D and proof of billing address.
2. Go to the new account section and advise that you want to open a BDO joint savings account. The teller will check the requirements and will provide the application form for you to fill up.
3. Fill-up and complete the application form. Make sure all information are correct. You will also be asked what type of joint savings account you’re going to open.
Me and my wife chose to open an “OR” BDO joint savings account so we can have both the ATM and we can withdraw anytime(for emergency) without having the consent of each other.
4. Submit the application form. We also advised the teller to have it open or activated for BDO online banking. The teller will provide all the details and will inform you when you can claim the ATM card. In our case, it took 3 business days.
*Tip: We were asked to present a valid I.D that has the same address with our proof of billing. And since we were just “new” in our place, our I.D are in different addresses. We tried to “beg” the teller but unfortunately she didn’t allowed.
Instead, we were advised to get a barangay clearance where we live before they can completely process the application.
So we’re not able to open a joint savings account in BDO that day. We have to acquire barangay clearance first. We went to the barangay hall in our place and requested for a clearance. We paid P50. After a day, we went back to BDO and apply again for joint savings account. Everything was settled.
That’s it! We now have an ATM joint savings account in BDO. Actually, we’ve already completed our emergency fund after almost a year of opening this joint savings account in BDO.
Putting your money in the bank gives you a little interest and small room to grow. If you’re goal is to grow your money over the long term, I suggest you study and learn how to invest.
If you don’t have idea, here is a great article that shares and discusses the fundamentals and basics of investing. It’s called investing 101.
Thanks for dropping by. Cheers!
Hi, thank you for your article. Does that mean, we can not open a joint account yet if we are not married? My boyfriend and I are planning to open an acct to put our Travel and Emergency Fund.
Hi Liz, you can. I guess you just need to bring valid ID and be there physically. Thanks!
Rosalie Bermejo says
I’m on the same situation me and my boyfriend also wanted to open ATM joint account, can i just ask too what if where on the different place I’m here in manila and my boyfriend is in the province it is possible if he open our account without my appearance? I’ll just give him all my requirements that he needed.
No. For joint account, you need to be there both. Thanks!
Need po ba na same address yung 2 mag open ng joint account?
Edward Joseph says
Hi Good afternoon need po ba kpag mag oopen ka ng joint account parehas kayong magsasubmit ng proof of billing or kahit sino po saamin? thanks.
Raymalyn naoe says
Hi. I just want to ask if my school id is valid but im already 19 years old. And me and my boyfriend are planning to open joint account. And we are not the same address. What should i do to make sure our requirements will accept?
Inna Arriana Timbas Oamil says
Hi, I used to be in your situation. A school ID is valid, however some banks actually asks for 2 different valid IDs so to be sure you can get a barangay or police clearance and use it.
Just want to know is it possible to have a joint account if were not together in tha same country?
Thanks for the answer..
Nope, you both need to be there to fill up and complete the application. At least what was advised to us. Thanks!
Abma huka says
Hi!how to open account without appearance?
Ask ko lang po nawala po ung bdo debit card ko , pumunta ako bdo agad para ip block..then lumipas ang isang buan nakita kona,na mis place ko pala anong magandang gawin kung ibabalik ko sa bdo un pwdi ba un ma activate ulit..please reply
The best thing is to ask the bank Ash. Thanks!
Kelvin De Lara says
Question? We’re 8 in the group (Friends living in different places in Pasig) and we’re planning to open a joint account. Will it be possible? If so, what are the requirements? If not, any options we can do? Thanks.
Not sure about this Kelvin. They may need to ask what is the purpose of having joint account for 8 people. If it’s for business, they might suggest you to open an account for that type. Thanks!
Hi. I have a frjend who’s below 18 will it be possible if we could apply on joint account? Thanks
Hi.. I just got married last month. Me and my husband wants to open a joint account. But he is not living here in the Phils. He went back to States right after the wedding. Is it possible that we can still apply for a joint account? Thankyou
Nope. It requires physical appearance of both of you. Thanks!
can i de activate or close our joint account??
Me and my husband wants to open a joint acct. at BDO however I am the only one going home from the Phils. Can I open a joint account with his name supported by his authorization letter to put also his name in the account? Can the account be like an allottee account with minimum maintaining balance required? Pls. Advice.
hi. just want to ask this concern of mine, My husband is in Dubai right now and I’ve received his cheque under his name from his previous company, so he need to have a bank acct of his own so I’ll be able to en-cash it here. Is it ok if I’ll be able to do all the process and the bank acct.should be under his name. Thank you. BDO branch here is closed due to Los Banos Festival, that’s why I didn’t have the chance to inquire. Thanks in advance. God bless
Not entirely sure about this Carla. As far as I know, you cannot open an account for another person as it requires personal appearance and several copies of signature with fingerprints. Thanks!
me and my best friend are also planning to open a joint account in BDO is it possible?
Do we have to get two brgy.clearances? One for my husband and one for me? Or one brgy.clearance is enough? Thanx!
And by the way, if brgy.clearance should also be the requirement, why didn’t you put it in the “requirements ” above?
because the two of them have different adress on their IDs since they just moved into that new place
Bruce Tunsil says
Is it possible to have joint dollar account in case something happens to me, she will need money for living
Bruce Tunsil says
Is it possible to have a joint dollar account with my spouse. I receive my military retirement here in a dollar savings account. I need to make provisions for her if something happen to me.I am the only one with recurring pension.
v/r in christ, Bruce
Yes Bruce, it works in peso or dollar savings account. Thanks!
Hello! Inwas wondering if the 2,000 initial deposit only came with an ATM card and without a passbook. And if ever you will avail for the passbook, how much for the initial deposit? Thank you!
How many valid ID required? Thanks!
hi ask ko lang po yung 2000 pesos po ba na initial deposit mag aapear din yung sa balance mo sa atm every time na may transaction ka? thanks po
Gusto ko po mag pa open joint account atm savings kami po ng boyfriend ko,.pero yung req ko po ay ss umid at tin id lang tpos po yung proof of billing ko po kasi ang may problema dahil nakaconnect lang po kami sa kapitbhay namin pwede ko po ba yun nlang ang gamitin kong proof of billing or pwd barangay clearance nlang po ang kukunin ko,.?kahit wala na pong proof of billing,..
Hi . Michelle here. Just like the other my boyfriend and i were planning to open a joint account but hes based in australia. This coming may hes coming over, and the question is, if we opened account here in th e phil. Are they going to issue us two car ds.? And is he able to use and withdraw money in australia.? And also for the proof of billing i dont own the house but we are paying bills under the name of the owners. Is that valid?
How can i open joint account if my business partner is based abroad? Does he need to submit requirements also? Tnx
Hi tanong ko lng po how much po b kpag nag open ng joint account at magkano po yung minimum ng paghuhulog ng savings salamat po
In our experience, it’s P2,000 for ATM and 5,000 for passbook. Thanks!
Rachel angcon says
Hello po gsto nmin mg open account Ng knakasama ko pero hndi kmi kasal.15 yrs na kmi ngsasama..actually kasal kmi both na dlawa sa una nming asawa..paano un pwedi PO?tnx po
Rachel angcon says
We want to open joint account but we are not married.becoz both of us are married to our first husband and wife. 15yrs na po kmi ngsasama pwedi PO b kmi mka open Ng joint account?tnx po
I can’t tell Rachel. THis is an unusual case, please check with the nearest branch in your area. Thanks!
For joint account, is it limited for couples only? I’m planning to open with my sister. Thanks.
Hi, I am currently abroad but I want to open a bank account with my partner who is currently in the Philippines. Is it possible for us to open a joint bank account even if we are miles apart?
Is it possible to open a joint account even if not yet married and were not also living in the same house address?
I saw some other blogs they said the initial and maintaining balance is 10k. IS IT REALLY 2K FOR INITIAL DEPOSIT? IM CONFUSED.
I would also like to ask about the initial deposit. What is the updated Initial deposit?
ask ko lng.. may “or” joint account kami sa bdo ng husband ko. dala nya atm at passbook nung umalis sya puntang china. paano ako mka withdraw ngayon sa account namin?
raymund mechilina says
what if di po same yung address dun sa 2 ID’s base sa proof of billing okey lang po ba yun ?
Thanks for this. Very helpful:)
Can we open joint account even if my partner is outside the country?