BDO Junior Savers is the best way to teach your child how to save.
Children ages 0-12 can open an account for a low as Php 100.00 initial deposit and get a free Junior Savers ID Card!
Kids 7-12 years old may opt to get an ATM Debit Card instead of Junior Savers ID Card.
Auto-transfer funds from your existing Savings Account to your child's Junior Savers Account.
FEATURES
Initial deposit requirement | Php 100.00 |
Minimum monthly ADB requirement | Php 100.00 |
Minimum balance to earn interest | Php 2,000.00 |
Interest rate per annum | 0.25% |
SERVICE FEES & CHARGES
Account closure within 30 days
|
Php 300.00
|
Below minimum balance
|
Php 300.00
|
Withholding tax for interest earned
|
20%
|
REQUIREMENTS:
A. If account will be under the name of the child. (for ages 7-12 years old only)
• Present any of the following: (Original copies must be presented for
verification)
1. Passport
2. School ID signed by the principal/school head
3. Birth Certificate issued by Local Civil Registry or NSO
B. If account will be under the name of the parent/guardian (parental account).
• Present the following IDs/documents: (Original copies must be
presented for verification)
1. At least two (2) IDs of the parent/guardian
2. Any of the child's ID/document as indicated in above item numbers
A.1-A.3
3. Adoption papers - applicable if the account is to be opened by the
Adoptive Parent
4. Guardianship documents - applicable if the account to be opened
is by the Legal Guardian
Note:
For kids below 7 years old, the account is required to be a parental account.
Kids 7-12 years old may also choose to open a parental account. (By or ITF account)
VISIT> https://www.bdo.com.ph/personal/accounts/peso-savings-account/junior-savers
VISIT> https://www.bdo.com.ph/personal/accounts/peso-savings-account/junior-savers