Are you planning to open a savings account that does not require you to maintain a certain amount just to keep it active?
Are you looking for a bank account where you can keep your allowance or extra remittance from your loved ones?
Well, BPI Kaya Savings Account might be for you.
Many Filipinos get intimidated when it comes to opening a bank account in the Philippines.
One of the reasons is that they think there’s a lot of requirements to open an account.
Another reason is that they think they need to have a lot of money for the initial deposit.
And others say that they’re afraid they might not be able to maintain the balance to keep their account active.
But the truth is, there are a lot of bank deposit accounts now that are easy to open and that doesn’t require a lot of requirements.
One of those is the BPI Kaya Savings Account which is one of the most popular offers of the Bank of Philippine Islands.
This type of account is very easy to open just like the BPI Easy Saver account.
With only ₱200, you can already have a BPI Kaya Savings Account.
What’s even more surprising is that it has no maintaining balance, which means less pressure on you if you don’t have a remaining balance on your account.
I don’t know if there’s a similar product in the market nowadays like this BPI Kaya Savings but this one is really a good deal.
So, if you are planning to open an account, you might want to consider this BPI Kaya Savings account.
If you’re still undecided, check out the other features of this bank product.
BPI Kaya Savings Account Features
- Initial Deposit – Php 200 only
- NO/ZERO Maintaining Balance
- Minimal Fees for withdrawal transactions
- Php 5 per withdrawal at any BPI Express Teller ATMs and other customer-initiated debits such as OTC, EPS, and/or 24/7 banking channels
- Php 100 for withdrawals done over-the-counter
- Prevailing Debit Card fees apply
- Required Daily Balance to Earn Interest – Php 1,000
- Interest Rate per Annum – 0.25%
If I’m not mistaken, the new BPI Kaya Savings is their replacement for the BPI Easy Saver Account.
You may ask BPI directly about this and for more info about these account types.
How to Open a BPI Kaya Savings Account
Step 1: Prepare the BPI Kaya Savings requirements:
- 2 valid IDs
- Proof of Billing
- Contact Numbers
- TIN or Tax Identification Number
- ₱200 Initial Deposit
- ₱150 Express Teller Card fee
Step 2: Go to the nearest BPI branch.
Most banks now require applicants or account holders to open an account at the branch within the area of their residence.
Once at the bank, go to the Customer Information table and inform them that you are going to open a BPI Kaya Savings Account.
You will need to fill out the account opening form and affix your signatures which should match with your valid IDs.
After that, you will have to submit all the requirements and the Initial Deposit of ₱200 and Express Teller Card fee of ₱150.
Step 3: Activate your BPI Kaya Savings Account
You will receive your ATM card on the same day after your application for BPI Kaya Savings Account is approved and processed.
Then, you’ll have to change the PIN (Personal Identification Number) at the ATM machine.
Your new BPI Kaya Savings Account ATM card shall be activated and ready to use within or after 24 hours.
FAQs about BPI Kaya Savings
What is Kaya savings BPI?
Kaya Savings is one of the accounts that you can open with BPI. Kaya is a tagalog term may mean easy to open because unlike other savings account, Kaya Savings only require ₱200 Initial Deposit and it is very easy to maintain because it has no maintaining balance.
Kaya Savings gives clients a worry-free option when it comes to saving.
How can I open a savings account in BPI Kaya?
Just bring at least 2 valid IDs, proof of billing, and TIN. Then go to the nearest BPI branch to open an account.
What are the BPI Kaya savings requirements for students?
BPI Kaya Savings is ideal for students. The requirements include a valid ID – you may bring your active and valid student ID.
Another requirement is the proof of billing, you may borrow your proof of billing at home like your electric or any utility bill. If this is not available, you may request for a barangay certificate indicating your current address.
TIN is required but you may ask the bank officer if you can open an account without a TIN since you are still a student. But if they insist, you’d have to go to the BIR to apply for TIN.
Some banks require a 2×2 picture. You may bring 2 pcs if you have or ask the bank officer if it’s okay to have no pictures.
Students below 18 years old may need to be accompanied by a guardian during account opening.
When applying for a bank account, don’t hesitate to ask the bank officers about the requirements or any clarifications.
How much is the opening account in BPI?
There are various bank accounts in BPI. The Initial Deposit depends on the type of account that you want to open. For BPI Kaya, it’s only ₱200. For other accounts like BPI Express Teller account, the initial deposit is ₱3,000. Click here for more info about BPI Deposit Rates.
Can I withdraw 100 pesos in BPI?
Yes, you can withdraw 100 pesos at the ATM machine but not over the counter.
7 Reasons why you should Open a BPI Kaya Savings Account
- Very easy small Initial deposit required. With only ₱200, you can open an account already.
- Very easy to maintain. Since there is no maintaining balance for this type of account, you don’t have to worry about the penalties or account closure when nothing is left on your account.
- Lower fees than other bank account. Only ₱5.00 charge for all customer-initiated debits and withdrawal transactions (ATM and over-the-counter).
- You can earn 0.25% interest per annum if you if you opt to maintain ₱1,000 daily balance on your account. But again, this is optional.
- You only need to pay ₱150 for the issuance of the debit card.
- You can use your BPI Kaya Savings debit card for your offline purchases. For online, it may be available very soon or you may try it and see if it works already.
- Having your own savings account will motivate you to start and continue saving for your future. When you save consistently, you’ll eventually develop a habit of saving, and you will achieve financial freedom in the future.
BPI Kaya Savings Review
Those who have successfully opened a BPI Kaya Savings account said that the account opening process is very fast when you have the requirements ready.
They said that their new account is very easy to manage and maintain and it’s very useful for them. It does what it’s supposed to do.
Students are able to receive and keep their allowances in their Kaya Savings account.
Basically, anyone can open this type of account easily. So, if you don’t have an account yet, get your Kaya Savings now.
Other BPI Deposit Accounts
Depending on your needs and lifestyle, you may open other types of BPI Deposit Accounts:
- BPI Advance Savings: an account that allows you to enjoy the interest of your deposit ahead of time.
- BPI Padala Moneyger: an affordable savings account specially designed for those who receive remittances from abroad.
- BPI Express Teller: an account that helps you simplify your finances through 24-hour superior electronic banking.
- BPI Save-up: an account that helps you set aside money from your ATM account to your Save-Up account regularly (every month, twice a month, etc).
- BPI Jumpstart: an account that is specially designed for the youth, ages 10 to 17 years old. It’s a tool to form the habit of saving at an early age.
- BPI Maxi-Saver: an account that lets you EARN MORE as you SAVE MORE.
- BPI Pamana Savings Account with FREE Life Insurance: an account that lets you earn interest on your savings and it comes with a FREE Life Insurance that’s worth 3x your account balance.
- BPI Pamana Padala: an account that is specially designed savings account for Overseas Filipino Remitters.
- BPI Passbook Account: an account that helps you keep your money while you earn interest and allows you to monitor your banking transactions in an easy and sensible way.
- BPI Foreign Currency Accounts: an account that allows you to save and grow your foreign currency with BPI.
To inquire about any BPI accounts, products, and services, you may call BPI Hotline 89-100 or visit BPI website or visit the nearest BPI branch.
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Is it typical for Philippine banks (not just BPI) to chargre withdrawal using the bank’s ATM?
nope, it depends on the type of account. for BPI kaya, there’s a withdrawal charge. but for other BPI deposit ATM accounts, it’s free to withdraw at the BPI ATM machine.
hay nako galing AQ today ng bpi, nagoopen sana aq kaya savings, kelangan my business permit, DTI permit at kung ano ano pa, akala q gnwa nila ung kaya saving PRA sa mga Filipinos na gusto magipon sa bank,na my maliit na tindahan, un pla klangan nakabir ung sarisari store mo,bwisit
thank you for sharing your experience. pero ganun po talaga, gaano man kalaki or kaliit ng negosyo, kailangan pa din po natin ito iregister ng maayos sa BIR.
Nag open ako ng kaya savings last january2018.SAHM ako kaya wala na iba hiningi na requirements bukod sa mga nakalagay jan..but ung sa atm card after a week pa nareleased.hindi on the same day po.
siguro depende sa branch or sa availability ng cards nila. naitanong nyo po ba sa nag-assist sa inyo kung bakit one week pa?
Hi po ask q lng po kelangan po ba talag ng proof of billing and tin number kasi wala naman po ako negosy…ok lng po ba na 2 valid id’s lng i present q and ung initial deposit na 200 pesos po?? Thank u
punta na lang po kayo sa malapit na BPI branch at inquire na lang kayo kung tatanggapin nila kahit 2 valid ids lang.
Hi.i would like you to know your staff is unfriendly. And not smiling napaka nya. .promise siguro dahil pagod lang sya.pero dapat hindi sya gnun customer service nga e. Kung irarate ko sya ng 1-5 lowest na 2 para sakin. Buong transaction nmn napaka sungit nya. .dito ako nag open sa west Fairview mondrian?branch Sa qc.. Unhappy person sya. .hays. Ibang iba sa ibang banko na kilala ko. Na full cx service talaga..although na assisst. Naman nya ako kaso yung pakikitungo nya sakin. Bagsak! Promise
thanks for sharing your experience. i agree, customer service representatives should always be at their best self no matter what they’re going through. being nice and approachable is part of their job.
hello good morning!
I would like to ask If my minimum deposit ba si kaya savings account?
thank you!
Hi! Paano po kung student id lang ang pwede as valid id. Wala pa kasi akong ibang valid id kasi student pa lang ako. Thank you po!
ba’t palaging not yet in service ang hotline and no response naman sa email?
Hi BPI pno kng SsS, voter and NBI Myron po d p po regular s work mkka open p b
passport and sss meron ako pwd na kaya yan mag open account sa kaya savings?
Good evening po.
May I ask if the ATM Card for the BPI Kaya Savings will have our name inscribed on it po? I’d be happy if meron po. Thank you ! 🙂
Passport lang po
At prof of boiling ok
Na po ba un sa page open ng kaya acct
yung sa kaya savings,, ok lang po ba kahit wala tin number,, at ok lang din ba yung sa billing ko hindi sakin nakaname pero same address kami.. pero meron ako sss at passport ok naba yun?
gd am po,tanong lng po pwd n po ung enrollment card nso birtcertfcate,babtismal,at picture ng isang student kpag mag oopen acct..
I’d like to ask if Cagayan de Oro Branches have Kaya account. Is it also possible to provide only PhilHealth, TIN and NBI?
Bkit deactivated ang atm ng anak q ng.mgwithdraw my 98.00 bal part noong isang arawpls.help me Hindi ko na makukuha ang sweldo ng anak q bukas
Hello pwede po ba to online banking? Pwede na to magreceive ng pera by other bank tru online?ex bdo to bpi kaya savings accounts online, mobile banking?
Hi pwede ba mag send ng remittance sa kaya savings?
Hilo po ask ko lng po. Paano po bah maka open account sa BPI bank dito sa Kuwait
good day,
hi po,
may i know if available po ba ang BPI KAYA SAVINGS ACCOUNT for my parents?
kasu senior citizen and postal id lang po ang valid id nila.
gusto ko po sila gawan ng open account.
thank you,
best regards