Passbook Savings

Enjoy the security of a passbook and earn fixed interest on your savings.

The BDO Peso Passbook Savings Account lets you enjoy the benefits of a typical interest-earning account with the security of a passbook. It encourages you to develop a good savings habit.

When you open an account, you are given the option to choose if you want a BDO Debit Card for convenience in accessing ATMs or have the passbook alone.


Minimum Initial Deposit Php 5,000.00
Minimum MADB Requirement (1) Php 10,000.00
Minimum Balance to Earn Interest Php 10,000.00
Gross Interest Rate Per Annum  0.0625%

(1) MADB - Monthly Average Daily Balance



Account Closure (2) Php 300.00
Falling Below Minimum Balance (3) Php 300.00
Account Dormancy (4) Php 30.00 (4)
Withholding Tax for Interest Earned 20%

(2) Account Closure Fee will be collected if account is closed within 30 days from account opening.
(3) Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months. 
(4) Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.

  • A savings account is dormant if it has no client-initiated activity for two (2) years.
  • Collection will start five (5) years after the last client-initiated activity date.
  • The revised collection and dormancy fee is effective April 25, 2017.

BDO Debit Card

The BDO Debit Card is the perfect banking companion wherever you go.

Learn More

BDO Digital Banking

Sign up to access your account anytime, anywhere.

Learn More

Here’s how to open a Passbook Savings account online:





Basic debit cards can be picked up at any BDO branch on the same day that you receive an email confirmation that your account is opened.


Personalized debit cards can be picked up at your chosen BDO branch in 3 to 5 banking days (Metro Manila) or in 2 to 3 weeks (Provinces) after you receive the email confirmation that your account is opened.


NOTE: You may be asked to submit additional documents at the BDO branch after further evaluation.

Accepted IDs for Account Opening

• Passport (with English characters)

• Driver's License issued by LTO

• Professional Regulations Commission (PRC) ID

• Unified Multi- Purpose ID (UMID)

• Social Security System (SSS) ID

• Philippine Identification System (PhilSys) ID

• School ID (for minors)

• NBI Clearance

• PNP Clearance with dry seal

• Philippine Postal ID

• Voter's ID

• Tax Identification Number (TIN) ID

• Barangay Certification with dry seal

• Government Service and Insurance System (GSIS) ID

• PhilHealth ID

• Senior Citizen ID

• Overseas Workers Welfare Administration (OWWA) ID

• Overseas Filipino Workers (OFW) ID

• Seaman's Book

• Government Office and GOCC ID (e.g. AFP, HDMF)

• Certification from the National Council for the Welfare of Disabled Persons (NCWDP)

• Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)

• DSWD Certification

• Integrated Bar of the Philippines (IBP) ID

• Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC

• Maritime Industry Authority  (MARINA) ID


*One (1) valid ID is acceptable if the ID is a Passport, Driver’s License, PRC ID, UMID, SSS ID, PhilySys ID or School ID (for minors).

Otherwise, please prepare at least two (2) valid IDs from the list. The chosen ID must be original and within their period of validity.



Click here to know about Terms and Conditions Governing Deposit Accounts.


You may be asked to submit additional documents in compliance with bank regulatory requirements.



Deposits are insured by PDIC up to P500,000 per depositor.