In today’s world, managing your finances is crucial. Whether you’re saving for a rainy day, planning for your future, or simply want to keep your money safe, choosing the right bank is essential. One such trusted partner is the Development Bank of the Philippines (DBP), a government-owned bank known for its commitment to providing excellent banking services.
Open a DBP Savings Account for as Low as P500.00
DBP offers a straightforward savings account that lets you securely deposit money into the bank. For as low as P500.00, you can open a DBP savings account, complete with an ATM card. This account guarantees security and constant access to your money. You can withdraw your cash in person or digitally at any time.
The minimum daily balance requirement for this account is also P500.00, and an average daily balance (ADB) of P500.00 is required to earn interest.
Upgrade Your Savings with an ATM Card and Passbook
If you prefer a savings account with both an ATM card and a passbook, DBP has got you covered. The initial deposit for this type of account is P5,000.00. The minimum daily balance requirement and the ADB to earn interest are both set at P5,000.00.
A passbook is a great tool for tracking your savings and transactions. It provides a physical record of all the deposits, withdrawals, and interest earned on your account. This can be particularly useful for those who prefer a tangible record of their financial transactions.
How to Open a DBP Savings Account
To open a DBP savings account, you need to personally visit a DBP branch nearest you3. Please bring the following requirements:
- Original and a clear photocopy of at least one (1) valid government-issued identification card: unexpired, with photo and signature.
- Two (2) pieces of 1×1 ID pictures
- Barangay Certificate or Proof of Billing under the name of the depositor
- Tax Identification No. (TIN) – for employed individuals
- Alien Certificate of Registration (ACR) or Passport for foreign individuals
#WeBuildPossibilities
With DBP, we build possibilities together. Whether you’re starting to save or looking to grow your savings, DBP is here to help. Visit any DBP branch or learn more at their website. Let’s build possibilities together with DBP!
Please note that the information provided here is based on what was available at the time of writing and may have changed. Always check the official DBP website or contact DBP directly for the most accurate and up-to-date information.