#MySaveUp (2024)

FAQs

What happens if you go below maintaining balance BPI? ›

The Bank may impose and collect service charges and/or maintenance fees on Accounts, whether active or dormant, where the Account balances: (i) have fallen below the required minimum monthly ADB, for dormant accounts; and (ii) have fallen below the required monthly minimum ADB for at least two (2) consecutive months, ...

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Banks measure and enforce the minimum balance in different ways. If the account falls below the minimum balance it may be assessed fees, denied interest payments, or closed.

Was your account deducted P300? This could be the service charge of your deposit account for falling below the required minimum average daily balance (ADB). To avoid paying this service fee, make sure your account's ADB is met! Here's a guide on how to compute it.

Ayala Corporation

Bank of the Philippine Islands / Parent organization

Ayala Corporation is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during Spanish colonial rule, it is the country's oldest and largest conglomerate.

Wikipedia

The Bank of the Philippine Islands (BPI) was recently named the Best Bank in the Philippines and Asia's Best Bank for Corporate Responsibility in Euromoney's Awards for Excellence 2023 for its impressive growth in 2022 and financial literacy programs across the country.

BPI Family Savings Bank (Savings bank of BPI) BPI BanKo (merged BPI Direct Savings Bank and BPI Globe BanKO Savings Bank) (Small and medium enterprise and microfinance oriented rural-savings bank of BPI)

Assuming that you intend to save, they have lower fees and higher interest rates when you keep your money with them. Though accessibility and stability might be some issues. Despite all the shared flaws, we still consider the Bank of the Philippine Islands (BPI) as the best bank to open a savings account.

Is BPI a good savings account? ›

BPI, like other traditional banks, has low-interest rates, ranging from 0.0625% to 0.125% only for peso savings accounts. Plus, they have a daily balance requirement to earn interest. Hence, I use BPI for day-to-day transactions only. Most people have BPI accounts.

An all-digital BPI savings account that you can exclusively open using the GCash app.

The Bank of the Philippine Islands (BPI) on Friday shared how its customers benefit from the bank's retail digital platforms and how their accounts are protected from cyber scammers.

To use your card in-store, you just need to insert or tap your BPI Debit Mastercard at the Point-of-Sale (POS) terminal or present your card to the merchant for the payment. For tap to pay transactions (or contactless payments), the maximum limit is Php 5,000 and does not require any PIN or signature.

The Bank may impose and collect service charges and/or maintenance fees on Accounts, whether active or dormant, where the Account balances: (i) have fallen below the required minimum monthly ADB, for dormant accounts; and (ii) have fallen below for at least two (2) consecutive months, for active accounts.

What happens if I fail to pay my monthly installment? Your unpaid amount will be charged a late payment penalty fee of 5%. For example, you missed paying your monthly installment of Php 1,000, you will be charged a late payment penalty fee of Php 50 right after your due date.

Contrary to popular belief, a current account doesn't necessarily face automatic closure when its balance reaches zero. Banks often understand that business dynamics can lead to fluctuating balances, and occasional dips to zero are not uncommon.