When it comes to reliable and long-standing financial institutions in the Philippines, the Bank of the Philippine Islands (BPI) stands out as one of the most trusted names. Established in 1851, BPI is the first bank in Southeast Asia and has played a pivotal role in shaping the country’s financial system.
In this blog post, we’ll explore the key features, services, and benefits of banking with BPI and why it remains a top choice for millions of Filipinos today.
What is BPI?
The Bank of the Philippine Islands is one of the largest universal banks in the Philippines, serving both retail and corporate clients. With over 900 branches and 2,000+ ATMs nationwide, BPI provides a full range of financial services, including savings accounts, loans, investments, insurance, and digital banking solutions.
Thanks to its strong focus on digital innovation, BPI has transformed the banking experience through its user-friendly mobile app and secure online platform, making it easier for Filipinos to manage their finances anytime, anywhere.
BPI Services and Products
1. Savings and Deposit Accounts
BPI offers several types of deposit products to cater to different financial needs:
- BPI Regular Savings—For individuals looking for easy access to funds while earning interest.
- BPI Maxi-Saver—Provides higher interest rates as your balance grows.
- BPI Jumpstart Savings—A starter account perfect for teens and students aged 10 to 17.
- BPI Kaya Savings—A low-maintenance account with no maintaining balance and no initial deposit.
All BPI deposit accounts come with a debit card, access to the BPI mobile app, and the ability to do online transactions such as transfers and bill payments.
2. Checking Accounts
For those with regular transactions or managing a business, BPI offers checking accounts that come with a chequebook and flexible banking access. These are ideal for managing payments, payroll, or monthly bills.
3. Loan Products
BPI offers a wide range of personal and business loan products, including
- Auto Loans – Purchase a brand-new or second-hand car with competitive rates.
- Housing Loans – Finance your dream home, lot purchase, construction, or renovation.
- Personal Loans—Unsecured loans for emergencies, tuition, travel, or medical needs.
Loan applications can be done through the BPI website with minimal paperwork and rapid approval times.
4. Credit Cards
BPI provides a variety of credit card options that suit your spending habits and lifestyle:
- BPI Amore Cashback Card – Perfect for groceries, utilities, and cashback rewards.
- BPI Blue Mastercard – Great for everyday spending.
- BPI Gold Rewards Card – Earn points for travel, shopping, and entertainment.
Credit cards come with installment plans, zero-interest promos, and exclusive partner discounts.
5. Investments and Insurance
If you’re looking to grow your money, BPI offers:
- Unit Investment Trust Funds (UITFs)—Professionally managed pooled investments.
- BPI Trade—An online stock trading platform for self-directed investors.
- BPI AIA Insurance—For life, health, accident, and income protection coverage.
These financial products help build long-term security and support your financial growth.
BPI Online Banking & Mobile App
BPI has been recognised as one of the most digitally advanced banks in the Philippines. With the BPI Mobile App and BPI Online, clients can securely manage their accounts 24/7.
Key Features:
- Fund transfers (to BPI or other banks via InstaPay and PESONet)
- Bill payments to over 400 merchants and billers
- Real-time account balance and transaction tracking
- Buy load, send money to GCash or Maya
- Investment and loan monitoring
- e-SOA (Electronic Statement of Account) access
- Online chequebook ordering and branch appointment booking
The app uses advanced biometric security, OTP verification, and real-time alerts to ensure your transactions are safe and monitored.
How to Open a BPI Account Online
Opening a BPI account no longer requires visiting a branch. Here’s how you can open an account online in a few easy steps.
Requirements:
- One valid government-issued ID (e.g., UMID, driver’s license, passport)
- A selfie photo for verification
- Active mobile number and email address
Steps:
- Go to https://www.bpi.com.ph or download the BPI Mobile App.
- Tap or click “Open a New Account.”
- Choose your preferred account type.
- Fill in your personal details and upload your ID and selfie.
- Wait for confirmation via SMS and email.
Once approved, you’ll receive your account number, and you can immediately fund your account via GCash, Maya, or another bank.
Benefits of Banking with BPI
Here’s why BPI is considered one of the best banks in the Philippines:
- ✅ Reputation and Trust – Over 170 years of experience in the banking industry.
- ✅ Wide Accessibility – Thousands of branches and ATMs nationwide.
- ✅ Digital Banking – Secure, convenient, and user-friendly digital platforms.
- ✅ Product Variety – Complete financial solutions for every life stage.
- ✅ Customer Support – 24/7 customer service via hotline, email, or app chat.
Whether you’re a student saving for your future or a business owner expanding your operations, BPI has something to offer you.
FAQs About BPI
✅ What is the minimum balance for a BPI savings account?
- It depends on the account type. For Kaya Savings, there’s no maintaining balance. For regular savings, it’s usually ₱3,000.
✅ How much is the initial deposit?
- Some accounts like Kaya Savings require ₱0, while others may require ₱200 to ₱3,000.
✅ Can I transfer money from BPI to GCash?
- Yes! You can link your BPI account to GCash and transfer funds instantly via the BPI to GCash feature.
✅ Is it safe to use BPI Online or the Mobile App?
- Absolutely. BPI uses multi-factor authentication, biometrics, and real-time alerts to ensure online banking is safe and secure.
✅ How can I contact BPI for concerns?
- You can call (+632) 889-10000, use the chat support in the app, or visit your nearest branch.
Final Thoughts
BPI continues to be a leading financial institution in the Philippines—trusted for its heritage, respected for its innovations, and chosen for its customer-first approach. Whether you want to open your first savings account, apply for a loan, or grow your investments, BPI provides all the tools you need to succeed financially.
Banking is no longer just about money—it’s about convenience, security, and having the right partner. And with BPI, you’re always one step closer to your financial goals.
