How to Open a BPI Jumpstart Savings Account?

July 19, 2013 | Posted by: Moneymax | Personal Finance

July 19, 2013


After you have gone through the articles discussing the benefits and facilities provided by the BPI Jumpstart Savings accounts, I believe that you are deeply intrigued and fascinated by the awesome kiddie savings accounts and would like to get one for your children.
read more: How to Apply For The BPI ePrepaid Card?

What are the basic features of the BPI Jumpstart Savings Accounts?

The Bank of the Philippines Islands (BPI) and BPI Family Savings Bank respectively offer the Jumpstart Savings Accounts. Both offers are basically the same, but show some discrepancies in terms of:

Jumpstart Savings Account offered by the Bank of the Philippines Islands (BPI)Jumpstart Savings Account offered by the BPI Family Savings Bank
Initial Deposit Requirement

P100

P100

Minimum Monthly ADB

P1,000

P500

Required Daily Balance to Earn Interest

P2,000

P1,000

Interest rate (per annum)

0.25%

0.5%

However, the minimum monthly ADB is waived for one year for any BPI Jumpstart Savings Accounts that have opened starting from 16th March 2012.

You can also reload your cellphones with the BPI Jumpstart Accounts!

The BPI Jumpstart Savings accountholders can reload their cellphones at any BPI Express Teller ATMs, via phone at the BPI Express Phone 89-100 or the BPI Express Mobile. On the other hand, they can also choose to reload their cellphones through the internet via the BPI Express Online.

How to Apply for a BPI Jumpstart Savings Account?

Finally, after reading the articles concerning the powerful and useful features of the BPI Jumpstart Savings Accounts, I hope that it is the right savings accounts that you are looking for.
If you are interested to apply for the BPI Jumpstart Savings Accounts, just follow these simple steps:
1. Prepare the following requirements:

  • At least 2 valid IDs
  • Two pieces recent 1×1 coloured pictures
  • P100 (it is the required initial deposits amount)

2. Pay a visit to the nearest BPI branches(or any BPI branches you prefer).
3. Go to New Account Section and tell the banker your intention.
4. Fill-out an application form.
Once you have completed these 4 simple steps, you can just head back to your home sweet home. After a week, you will be informed that you can claim your BPI Jumpstart ATM cards.
By having their own savings accounts, children can practice their money management skills. After all, there’s an old saying goes: if you give a man a fish and you feed him for one day, while teach a man to fish and you feed him for his lifetime. It’s the right time to give these young buds free reins to explore the world of finance on their own feet.

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