I.

Banks History
1978
BPI Foundation is formally incorporated and registered with the Securities and
Exchange Commission. The incorporators are: Enrique Zobel, Jaime L. Cardinal Sin,
Alberto F. de Villa-Abrille, J. Antonio Araneta, and Robert Wynn. BPI Foundation serves
as a conduit of BPI grants and donations to charitable institutions, schools, disaster
victims, and civic organizations.

1981
BPI Foundation is registered as a donee-institution with tax-exempt status with the
Bureau of Internal Revenue.

1989
Started the following programs:
BPI Science Awards (Annual)
Information Systems Study Plan (ISSP)
Research Grants
Financing Assistance Line for NGOs and cooperatives in microfinance
Extended the first credit line to Tulay sa Pag-unlad, Inc. (P500,000) which is regarded
as the first wholesale microfinance project by a private foundation.
Medical missions
Barrio Molino Assistance Program

1990
Launched a College Scholarship Program for 10 BPI dependents who will pursue
science and engineering courses in select universities nationwide.
Inked a P500,000 credit line with VICTO (a network of Visayas-based cooperatives) for
wholesale lending.
Provided assistance for victims of the July 16, 1990 earthquake in Baguio and Dagupan
cities.
Spearheaded massive disaster response for victims of Typhoon Ruping in Cebu City
with the assistance of the Cebu Archdiocese, the Department of Health in Region VII,
and BPI volunteer employees in Cebu. This involved conducting soup kitchens and
medical missions.
Assisted in forming the Corporate Network for Disaster Response which is later
recognized as a leading agency in disaster response.
Played a key role in the formation, fund raising and establishment of the Foundation
for Judicial Excellence (FJE), which provides incentives for outstanding judges,
prosecutors.

1991
Granted a P300,000-credit line with Ahon sa Hirap, Inc. (the first true replicator of
Grameen Banking of Bangladesh as acknowledged by the Grameen Bank).
Presented its microfinance program in an international forum in Indonesia.
Supported medical missions for the evacuees of the Mt. Pinatubo eruption.
Became a founding member of the League of Corporate Foundations.

1993
Initiated an employee led volunteer program called the Community Relations Program
the first among corporate foundations.

1995
Won an Anvil Award for Excellence for its Banking with the Poor program.
Implemented the standard operating procedures on lending with BPI Loans
Operations Division.
With nine partner-NGOs and cooperatives availing of the wholesale lending program
under the Financing Assistance Line.

1997
Led the A Flag for Every Public School project with the Ayala Group of Companies,
the League of Corporate Foundations, and the Rotary Clubs.
Officially merged with Citytrust Foundation, Inc. with the latter as surviving entity.

1999
Launched the "BPI Pays Tribute to Cities and Municipalities," which won an Anvil
Award of Excellence.
Organized a musical concert in Glorietta Mall as fundraising event for the Tabang
Mindanaw project.
Managed the special reunion of Science awardees for the 10th year celebration of the
BPI Science Awards.

2001
Sponsored the Blair & Robertsons Philippine Islands CD-ROM production on BPI's
150th year and distributed free copies to public schools and national libraries
nationwide.
Managed the Far East Bank Foundations Scholarship and Sagip-Talino (OFW
dependents scholarships) projects with the merger of BPI and Far East Bank and Trust
Company.

2002
Held the Art for Heart auction of artworks, proceeds of which were used for
Foundation projects.

2003
In coordination with the Habitat for Humanity Philippines gathered almost 100
volunteers to help construct the first Habitat medium-rise building in Taguig.
Together with BPI employee volunteers, joined the cleanup drive along Roxas
Boulevard, Manila for the first time in commemoration of the International Coastal
Cleanup Day.

2004
Launched BPI's employee volunteer program branded as BP "I" Volunteer
Together with the Ayala Group of Companies and in partnership with Habitat
Philippines, adopted the Makaturing Neighborhood Association in Mandaluyong City
for a comprehensive community development program. Provided the seed money for
the community's micro businesses.
Worked with BPI interest clubs in providing employee-volunteers for a one-day
seminar/training in sports and skills for dependents of BPI.
Conducted the first financial and credit literacy program dubbed as Show Me, Teach
Me, SME-Empowering Entrepreneurs.
Released the book Infanta A Passage to the Pacific where a portion of the
proceeds went to Infanta town.
Raised funds from BPI employees and mobilized employee-volunteers for relief efforts
for the victims of the successive typhoons in Nueva Vizcaya and Quezon.

2005
Sealed a five-year partnership with the Department of Science and Technology for the
scaled-up delivery of the BPI-DOST Science Awards.
Won Gold Quill Awards on the following: Award of Excellence for the production of
the book Infanta-Passage to the Pacific; and Awards of Merit for Show Me, Teach Me,
SME-Empowering Entrepreneurs, BPI Volunteer-Banks Employee Volunteerism,
Solid Waste Management Among the Youth-BPI Save Mother Earth Club
Mobilized about 90 volunteers in a tree-planting project at the Wawa Watershed,
Montalban, Rizal in partnership with Manila Water Company.

2006
Forged a two-year partnership with the Ateneo Development Studies for the capacity
building program of microfinance institutions, which includes staff training and
strengthening of microfinance organization's operations.

 Engaged the Rural Bankers Association of the Philippines (RBAP) as partner to provide
microfinance operations training for rural bank officers and staff, and deliver
enhancements to their microfinance information systems through the Microenterprise
Access to Banking Services (MABS) program. MABS is a joint project of RBAP and the
United States Agency for International Development (USAID).
Organized and oversaw the "1 + 55: Perspectives on Corporate Art Patronage," BPI's
155th anniversary exhibit with the Bangko Sentral ng Pilipinas (the first joint exhibit of
BSP with a private bank) at the Metropolitan Museum of Manila.

II. TYPES OF SAVINGS ACCOUNTS

1. BPI Advance Savings Account- an account that allows you to enjoy the interest of your
deposit ahead of time.
2. BPI Easy Saver - for a worry-free and easy savings. It has no maintaining balance with a
minimal fee for withdrawal transactions that will encourage you to save more. Now,
saving for your future is easy.
3. Express Teller Savings -Juggling your day-to-day finances is wonderfully simplified with
an Express Teller Savings account - - your key to 24-hour superior electronic banking
convenience. Plus, your Express Teller account now comes with a partner savings
account - - BPI Direct Save-Up that allows you to automatically save payday after
payday.
4. Save-Up Automatic Savings - Save automatically to get what you want. With Save-Up,
it's easy to regularly set aside money from your ATM account to your Save-Up account
every month. Choose from two variants:
4.1. Save-Up High with higher interest rates
4.2. Save-Up with free accident and life insurance* from BPI-Philam Life Insurance.
5. Jumpstart Savings - New! Make saving money fun for your child. Jumpstart is a specially
designed savings account that helps in mentoring children how to save, while having fun
with the perks that come with it. With Jumpstart, children can get the best out of
saving.
6. Maxi-Saver -Savings has never been so rewarding. Now, you can EARN MORE as you
SAVE MORE with MAXI-SAVER! On top of this, you get a0.5% BONUS interest rate per
annum if you do not withdraw within a month.
7. Get Started Savings Account with Life Insurance -Protecting your family's future has
become so much easier. Get Started is an interest-earning savings account that comes
with FREE BPI-Philam Life Insurance equivalent to 5x your account's balance, up to P2

million. No premium payments required. No medical check-ups needed.

8. Passbook Savings - If you favor the recordkeeping ease of a passbook, then, Passbook
Savings is the sensible way to safe keep your money. Earn interest on your funds and
monitor your account transactions the simple way.
9. Foreign Currency Savings -Let your Dollars, Yen, Euros, Pounds and Francs grow with us.
Whichever currency you choose, enjoy maximum convenience in monitoring your
account.

III. INTEREST RATES

Type of Deposit Account

Required Initial
Deposit

Required Minimum
Monthly ADB1

Required Daily
Balance2
to Earn Interest

Interest Rate3
(Per Annum)

Peso Savings Account

Jumpstart Savings

Php 100

Php 1,000**

Php 2,000

0.250%

Easy Saver

Php 200

N.A.

Php 1,000

0.250%

Express Teller Savings Php 500

Php 3,000

Php 5,000

0.250%

Passbook Savings

Php 10,000

Php 10,000

Php 25,000

0.250%

BPI Advance
Savings Account
with Passbook

Php 100,000

Php 100,000

Php 100,000

Less than Php 100,000 N.A.

Maxi-Saver Savings
with ATM

Php 50,000

Php 50,000

Php 50,000

100,000 - 999,999

0.750%

1M and above

1.500%

Less than Php 50,000 N.A.

50,000 - 499,999

0.250%

500,000 - 999,999

0.375%

1M and above

1.000%

With 0.5% BONUS p.a. if no withdrawal

within a month
4

Maxi-Saver Savings
with Passbook

Php 75,000

Php 75,000

Php 75,000

Less than Php 75,000

N.A.

75,000 - 499,999

0.250%

500,000 - 999,999

0.375%

1M and above

1.000%

With 0.5% BONUS p.a. if no withdrawal

within a month
4

Maxi-Saver Savings
with Passbook
(Corporate)

Php 250,000

Php 250,000

Php 250,000

Less than Php 250,000 N.A.

250,000 - 499,999

0.250%

500,000 - 999,999

0.375%

1M and above

0.500%

With 0.5% BONUS p.a. if no withdrawal

within a month
Get Started Savings Account with Life Insurance
o ATM

Php 25,000

Php 25,000

Php 25,000

0.250%

o Passbook

Php 75,000

Php 75,000

Php 75,000

0.250%

BPI Save-Up
Automatic Savings +
Insurance

N.A.

Php 1,000

Php 5,000

0.250%

BPI Save-Up High

Automatic Savings

N.A.

Php 1,000

Php 5,000

Php 5,000 - 49,999

0.250%

50,000 - 499,999

0.500%

500,000 and above

0.625%

ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the
number of days in that month. The formula for computing ADB is as follows:
ADB = (Day 1 ending balance + Day 2 ending balance + Day 30/31 ending balance)
Number of days in the month (i.e. 30/31 days)

Daily Balance is equivalent to end-of-day balance.

Interest earned shall be credited quarterly to your savings (except for Maxi-Saver where interest earned is credited monthly and BPI Advance)
and/or current account(s) provided that the account has not been closed prior to schedule of interest crediting.
4

For Maxi-Saver Savings, if withdrawal exceeds 6 times within a month, the account will be subject to the rate that applies to the lowest
interest-bearing tier. Any form of client initiated debit from the account is considered a withdrawal.

IV. WITHOLDING TAX

BPI, BPI Family Savings Bank and BPI Direct Peso TD maturity amount is net of 20%
withholding tax and documentary stamps tax.

V. REQUIREMENTS
1. In opening a new account, please present any one (1) of the following IDs:
Passport (including those issued by Foreign Governments)
Driver's License
Social Security Systems (SSS) ID
Professional Regulations Commission (PRC) ID
Government Service and Insurance (GSIS) e-Card
Overseas Workers Welfare Administration (OWWA) ID
OFW ID
Seamans book

 Alien Certification of Registration / Immigrant Certificate of Registration

Government Office and GOCC ID (e.g. Armed Forces of the Philippines (AFP),
Home Development Mutual Fund (HDMF) IDs
Integrated Bar of the Philippines (IBP) ID
Company IDs issued by private entities or institutions registered with or supervised
or regulated either by the BSP, SEC or Insurance Commission
IDs issued by an official foreign authority (e.g. foreign passport, foreign drivers
license, etc)
For Students: School ID duly signed by the principal or head of school
For Non-Philippine Residents: Similar ID issued by the foreign government (e.g.
foreign passport, foreign drivers license) where the customer is a resident or a
citizen.
2. The I.D. should be:
In original copy
Photo-bearing
Unexpired
Issued by an Official Authority (e.g. Local or Foreign Authority that is duly
authorized to issue the specified ID type)
3. Duly filled application form

VI. OTHER SERVICES

Online Banking
Phone Banking
Mobile Banking
Branch Banking
ATM Banking
Express Deposit Machines
Bills Payment
Foreign Exchange

VII. LINKS
https://info.bpiexpressonline.com/bpiprod/produpd.nsf/Deposit+Rates/DepositRates1
https://www.bpiexpressonline.com/onlinetour/onlinetour_frame.htm
https://www.bpiexpressonline.com/