13 Easy Steps to Open a BPI Account Online in 2023

The hassle of withdrawing cash from the ATM is painful. This article shows you how to open a BPI account online in 2022.

As more and more businesses go online, paying for cash (crisp peso bills) is no longer a necessity but an option. Online wallets such as GCash, Paymaya, and Coins make online payments and shopping so convenient.

And to make these online wallets work for you, you need a primary bank to fund your wallets. This is where BPI comes into action.

Related: Pay and Schedule Bills Payment on BPI Online

If you want to open a new BPI account or an additional deposit account, then you are in the right place. Refer to our other post to generate a BPI QR code for a seamless online transfer.

Table of Contents

Why Open a BPI Account (not other banks?)

BPI is probably the best option for your online banking needs for three reasons.

Easy sync with GCash

I’ve been using GCash for years and could not recommend a better online wallet. It is fast and secure, and the user experience is excellent. Although there were technical issues before, it’s the best online wallet in the Philippines.

Many eCommerce and traditional stores accept GCash, so it’s convenient.

Related: How to Cash in to GCash via BPI online in 2021

GCash works seamlessly with BPI as these companies are owned by the Ayalas. And not only GCash, but other online wallets also work great with BPI.

The mobile app is so easy (and safe) to use

BPI mobile app is perhaps the most intuitive financial app. I have tried other banks’ mobile apps, but they’re slow, buggy, and awful. Try and see for yourself.

Also, the app is constantly updated, so you can take advantage of secure logins via fingerprint or Face ID.

The one-time PIN (OTP) is another security feature for account protection. Every time you make a transaction, an OTP is sent to your mobile phone for confirmation.

Customer support is way better than other banks

Yes, banks seem very friendly and approachable when you open a savings account, but what if you can’t make a payment online or your account is credited for a transaction that didn’t go through?

Online systems aren’t perfect, and incidents like these happen. I know; I experienced it myself, and the anxiety of losing money creeped me out.

When issues occur, you can reach BPI’s customer support through their social media channels, email, or hotline.

BPI on Facebook – https://www.facebook.com/bpi
BPI on Twitter – https://twitter.com/talktobpi
Email – [email protected]
BPI’s hotline – https://www.bpi.com.ph/contactus

I reached out to them simultaneously via Facebook, Twitter, and email on specific incidents that I freaked out. The quickest response I got was from their Twitter support.

Yes, I know only a few of us use Twitter, but it’s really helpful to consider this platform for help. I was lucky (perhaps) at that time to have knowledgeable customer support.

When I had problems with my other credit cards, their customer support was confusing, conversations went in circles, and issues were never resolved. I hate that experience.

How to Open a BPI Account Online

If you are opening a new BPI account for the first time, you must go to your nearest BPI branch.

Opening a BPI account online (for the first time) is not supported yet, so you need to appear on any BPI branch.

Don’t worry, this is just the first time. Your future transactions will be done entirely online.

Requirements to Open a New BPI Account

open bpi acccount requirements

There are five requirements that you need to bring with you when you go to the nearest BPI branch.

Valid ID

Just bring the original ID; a photocopy is unnecessary as they have their scanner.

These are the list of acceptable valid IDs on BPI’s website.

  1. Passports, including those issued by foreign governments
  2. Driver’s license
  3. Professional Regulation Commission (PRC) ID
  4. Postal ID
  5. Voter’s ID
  6. Taxpayer Identification Number (TIN)
  7. Government Service Insurance System (GSIS) e-Card
  8. Social Security System (SSS) card / UMID
  9. Senior Citizen card
  10. Overseas Workers Welfare Administration (OWWA) ID
  11. Overseas Filipino Worker (OFW) ID
  12. Government office and Government-owned and Controlled Corporation (GOCC) ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs)
  13. ID issued by the National Council on Disability Affairs
  14. Integrated Bar of the Philippines (IBP) ID
  15. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC), or Insurance Commission (IC)
  16. PhilHealth Health Insurance Card ng Bayan
  17. National Bureau of Investigation (NBI) Clearance
  18. Police Clearance
  19. Baranggay Certification
  20. Seaman’s Book
  21.  Alien Certificate of Registration / Immigrant Certificate of Registration
  22. Department of Social Welfare and Development (DSWD) Certification
  23. Professional ID cards issued by the Maritime Industry Authority (MARINA)

Proof of billing

Prepare utility billing statements that indicate your billing address, such as Meralco, Maynilad, PLDT, credit card, or Globe/Smart.

authorization letter sample

The billing statement may or may not bear your name as long as you live at the billing statement’s address. You can use an authorization letter from the owner of the billing statement to use the document.

1×1 ID Picture

This is proof of your identity. This will be attached to your specimen signatures and application form.

Tax Identification Number (TIN)

You don’t need to bring your TIN ID but have your TIN ready. This is a 12-digit number, so better take note and not just rely on your memory.

Initial Deposit

Depending on your chosen BPI savings account type, the initial deposit could be as low as P100.

But to be safe, I recommend having a P300 initial deposit.

How to Open Additional BPI Savings Account

If you’re an existing BPI account holder and you registered your online account, you can follow these steps:

  1. Open the BPI mobile app
  2. Select “Open A New Account
  3. Tap “Open another deposit account
  4. Log on with your username & password OR fingerprint/Face ID
  5. Tap “Open account now
  6. Select the bank “Bank of the Philippine Islands
  7. Select your preferred savings account type. Either Regular Savings with a Debit Card or Maxi-Saver with a Debit Card.
    • Regular Savings – 3,000 minimum deposit, 5,000 average balance to earn interest of 0.125% per annum
    • Maxi-Saver – 50,000 minimum deposit, 50,000 to <5M earns 0.125% per annum or >5M earns 0.25% per annum. Plus get a bonus interest of 0.125% per annum if no withdrawal is made within the month.
  8. Tap “Next” and review the details
  9. Tap “Terms and Conditions” and scroll until the last page.
  10. Tap “Accept
  11. Tap “Confirm
  12. A one-time PIN (OTP) will be sent to your registered mobile number. Tap “Yes, send me the code
  13. Enter the 6-digit OTP
  14. Congratulations! You have successfully opened a new Savings account! Tap “Done
  15. Your new savings account should now reflect under “Deposits,” and an email confirmation about your digital deposit account opening will be sent.


Having an eWallet is a necessity. I always wonder why some people still opt to pay at Bayad Center, SM Bills Payment, or Cebuana Lhuillier when you can pay any utility bill through your eWallet.

eCommerce is also increasing; thanks to COVID-19, people are scared or discouraged from going out unless necessary. Online shopping is the new normal.

When everything’s going online, it makes sense to adopt technological breakthroughs. Indeed, it saves us a lot of time and makes our tasks easy.

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Written byDaveril Dabuco
Hi there! I'm Daveril Dabuco, the man behind Juan Investor, one of the top personal finance blogs in the Philippines. I’m passionate about investing and digital marketing. When I’m not blogging, I’m either tinkering with my clients’ Facebook ads or beachbumming. You can read more about me.

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