How to Open a BPI Checking Account

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BPI Checking AccountI finally opened a BPI checking account last week. Compared to opening a regular savings account this is more difficult to open and I will share it why later. The process is almost the same but the feeling is totally different because you’ll feel richer (haha!). Like how you normally see it on TV being used by the rich characters. But kidding aside, it has several advantages that makes having it a good choice.

Advantages of a Checking Account

First things first, checking account is not only for the rich anymore. I opened mine with just Php 10,000. I decided to get it because I am in that moment of my life that having a checking account is a must. If you are also in that moment then this post can help you.

So here are the 5 advantages of opening a checking account.

Secured Payment Option

The best feature of a checking account is, of course, the security it offers. For example, if you are having a business transaction with someone you barely know then you can pay him a crossed check. This is to ensure that the payee can only deposit it to his real account which will further prove that he is the same person you are transacting with.


It provides convenience most especially if you are purchasing a new car or a house maybe. Bringing a check instead of cash is much more convenient on top of the security mentioned above.

Use to Track Cashflow

Checks are serialized and there are pages in the beginning of your checkbook where you can write the details about the checks you released. In return, this will help you in tracking where your money goes.

Payment for Recurring Bills

You might be required by your landlord to issue post-dated checks (PDCs) before signing the leasing contract. This feature of a check will help you pay your dues timely and your landlord, in this case, to easily deposit the checks on his account. Providing you a good credit history while giving your creditors convenience.

Payment for Investments

If you have insurance and investments to pay then having a checking account is very handy. In my case, I enjoy investing in Initial Public Offerings (IPOs) but they only accept manager’s check or personal check. Normally, manager’s check is issued for additional Php 50 and oh I have to mention the long line you need to brave.

Thus, having it will spare you from the long queue and it’s cheaper too.

READ: How to Open a BPI Savings Account

How to Open a BPI Checking Account

You can easily open a BPI checking account by visiting the nearest branch in your area. But before that you need to know the steps and things to bring so you can have a smoother transaction.

Here are the steps in opening a BPI checking account:

1. Secure the Requirements

You must bring 2 pcs. of 1×1 picture with a clear background, 1 billing statement showing your present address, photocopy of 2 valid IDs, and an initial deposit of Php 10,000.

2. Proceed to the Branch

Once you have the requirements ready then you may now proceed to the nearest branch in your area and get a queuing number from the guard.

3. Short Interview with the Bank Teller

The bank teller will ask you a question you might have overlooked, “why are you opening a checking account?”. Unlike a savings account, you must have a clear goal why are you opening a checking account.

Don’t tell that you just feel getting it because most likely your application will be denied. Your answer must be similar to the following: business purposes, investment, for a condo purchase, etc.

4. Fill-out the Application Forms

Once you have given a good answer to why you need it, the teller will give you forms you need to fill out. Upon completion, you may now submit it to the teller together with the other requirements. By the way, aside from the deposit of Php 10,000, you must also be ready to pay Php 250 per checkbook.

5. Wait Until Done

Sometimes the branch can release your checkbook the same day only if they have the facility to create it. However, most of the time they will suggest to you coming back again on the same day of next week to get your checks together with the ATM card.


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