Do you know how to apply for a BPI express online? Each bank, particularly those big banks, has its own Internet banking facility for their clients or customers. Because of this service, the banking experience and transactions of many people become a lot easier and convenient. It changes the way banking is conducted in this modern time.
There are many benefits you can get when you have online banking. One good example of the benefits you can get is you have the access to check or view your account balance by logging in to your account. You don’t need to go to an ATM or your branch just to check your account; you can do it in your home or office.
In this article, I would like to help you answer the question above. It is really simple to apply for a BPI express online account and you can do it anywhere you are.
What you Can get from BPI Express Online?
BPI Express Online (BPI EOL) offers different kinds of services and features for all account holders. Here are some of the most common benefits that you can receive from owning a BPI EOL account.
1. Viewing and checking account balance
In the past, the only way to check your account balance is through ATM or over-the-counter transactions. However, most of the time, it is hard for most people to do because of limited time and the availability of ATM and branches of the bank.
Through BPI EOL, you can check your account through the Internet. You only have to log in to you account using your user name and password. After successful log in, you can easily see your account balance and view your past transactions including ATM withdrawal and deposits.
2. Transfer Money to Third Party Accounts and Prepaid Cards
Another good feature of BPI EOL is you can transfer money to other BPI accounts, BPI Express Cash and Express Money Order. For 3rd party accounts, you must enroll that account first before you could transfer money into it.
You may enroll other BPI accounts to your own account by visiting your branch or even enrolling it online. You will need to fill out an online form, submit it and then print the form so you could send it through registered mail. In my experience, the enrolled third-party account will be added to your BPI EOL after 2 weeks.
You can also transfer money to any BPI Express Cash or Money Order that you enrolled to your BPI account. This card is a good way to send money to your loved ones who are located far from you but it is only usable within the Philippines.
3. Buy Investments
I believe this is a revolutionary feature that BPI started so customers can easily buy investments through the Internet. Using your BPI EOL, you can buy mutual funds, UITF or even insurance.
There are several forms that you need to fill out and send to the office of BPI before it becomes 100% complete application. I think many OFW can benefit with this feature since they can still invest even if they are outside the Philippines.
Since I am using Citiseconline as a stockbroker, I need to add funds to it so I can buy more stocks. When adding more funds, I used BPI EOL in adding money to my CitisecOnline account. Enrollment of your Citisec is needed before you can transfer money into it using BPI EOL.
4. Pay bills
I pay our Meralco bill through BPI Express Online. It is very easy to do and requires just few minutes to do so. By paying bills online, you can save MORE time and money. You don’t need to go to payment centers just to pay your electricity bill.
There are many bills that you can pay online. Simply visit the “Pay Bills” section that you can see in the tab menu of BPI EOL. Again, you need to enroll some bills to your account before you can pay them.
5. See all your deposit accounts, credit cards, loans and investments in one place
Seeing your all accounts, loans, credit card bills and investments in one place is a good benefit that organizes all things you have. Unlike other banks, BPI put all these stuffs in one place so you can easily monitor your finances.
I think this is advantageous because you don’t need to log in to several online accounts just to see you credit card bills, deposits or investment accounts. Only one account is enough.
How to Apply for BPI Express Online Account
In applying for BPI EOL, there are two cases that can be applied. First, you can enroll for BPI EOL if you are living within the Philippines and another one is if you are outside the country.
If you are living and working abroad and you want to apply for Express Online, you can see this video that I made before so you can get some information on the step-by-step procedure.
In addition if you are applying within the Philippines, you can go to this link to help you out on the things that you need to take.
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As you can see, there are great benefits that you can receive from BPI Express Online as mentioned above. Those features are just few of the benefits you can get, there are more you can receive if you have your own account.
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