BPI is one of the best banks in the Philippines if you are planning to apply for a checking account (CA). Basically, a checking account is a type of bank account wherein you will issue a check as a form of payment for a certain transaction you have.
Normally, it is use to pay for a future transaction or to an immediate purchase of an item without carrying a big amount of cash. Just write the amount and the name of the beneficiary and you are finish paying for that item you’re buying or giving.
Most of the banks require the applicant to apply first for a savings account (SA) before they can approve your checking account application. So it is advisable to open first SA and then apply for CA.
You can see below several information about BPI checking account interest rates so that you can have an idea how much is the opening deposit, maintaining balance and the interest you can get from the deposit you placed in your account.
|Type of Deposit Account||Required Initial Deposit||Required Minimum Monthly ADB||Required Daily Balance to Earn Interest||Interest Rate
|Peso Checking Account|
|Express Teller Checking||Php 10,000||Php 10,000||N.A.||N.A.|
|Business Checking||Php 10,000||Php 10,000||N.A.||N.A.|
|Maxi-One with Statement if daily balance is:|
|o Individual||Php 25,000||Php 25,000||Php1||Less than Php1,000,000||0.500%|
|o Corporate||Php 50,000||Php 50,000||Php1||1,000,000 and above||0.725%|
|Maxi-One with Passbook if daily balance is:|
|o Individual||Php 250,000||Php 250,000||Php1||Less than Php1,000,000||0.500%|
|o Corporate||Php 500,000||Php 500,000||Php1||1,000,000 and above||0.725%|
|Ka-Negosyo Checking Account|
|Ka-Negosyo CA with ATM and Statement||Php 10,000||Php 10,000||Php 50,000||0.50%|
|Ka-Negosyo CA with Statement||Php 10,000||Php 10,000||Php 50,000||0.50%|
|Ka-Negosyo CA with Passbook||Php 25,000||Php 25,000||Php 100,000||0.50%|
Please keep in mind that the above figures can be changed anytime since interest rates really changed because of different factors. It is important to visit BPI main website to learn the recent rates regarding their checking account.