I choose Bank of the Philippines Islands to open an account because it has a lot of ATMs scattered especially in Metro Manila and it is the oldest bank here in the Philippines, yes it is a trivia. With this, it gives me an assurance that my money is safe and there are some branches like TriNoma and Quezon Avenue branch in Barangay South Triangle that have teller machine for deposits that I can deposit my money even if the bank is already closed. Anyway, how can we have BPI Debit Cards?
Requirements are: two valid IDs with photocopy (still they would need to see the original), billing statement, two recent 1x1 pictures, and the initial deposit. But how much is the initial deposit?
There are different initial deposits required depending to your choice of kind of savings. To give you basic idea, here are the lists and some descriptions of the savings account:
1. Jumpstart Savings are for ages 10-17 years old who wants to have savings. Free fees up to four withdrawals
2. Easy Saver has no maintaining balance but has P5.00 charge for every withdrawal.
3. Express Teller Savings only have ATM cards
4. Passbook Savings have ATM cards and Passbook.
(Update as of January 10, 2014: I've learned that for Passbook Savings, ATM is not included. My father opened an account yesterday)
This chart sums up all the initial deposit and maintaining balance:
credits to BPI online
Now, I have my card and activated right away upon changing my pin.