Best Savings Accounts for Students in the Philippines


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  1. Hello ms. Nora?. Tanong ko lang po. Pwede po ba mag open ng savings account ang 17 year old without my guardian. And I only have school ID. Suggestions nyo po na better bank for me. Thank u po. ?

  2. Hello poh! I’m a college student poh. Ask ko lang poh sana if san poh ba best na mag open ng savings account for students? Sa BPI poh ba o sa BDO? Tsaka, san din poh ba easier ang transaction when it comes to loading your account? Thank you poh.

  3. Hi Gladys, punta ka lang sa bank with your school ID. Anong bank ang malapit sa school or house nio? I-check mo kung yang bank na yan ay nag-o-offer ng account na zero or low maintaining balance. BPI Family, Landbank, RCBC Savings, China Savings, merong mga affordable accounts. Here are other savings banks. Dalhin mo na rin ang registration card mo or barangay cert mo baka lang they ask for a supporting document. Plus yong pera na idedeposit mo, 500 to 1,000, depende sa account na i-o-open mo. Ask mo lang yong guard “saan po yong new accounts teller?” Smile ka lang at sumagot at magsalita ka lang nang maliwanag, makaka-open ka. You will fill up forms, sagutin mo lang. Occupation: Student. Yong sa Employer at TIN, blank na lang kasi wala ka pa namang work. That’s good that you want to save. Tama yan.

  4. Hello po im a college student bala k ko po sana mag open nang atm card. For savings my money lang. Im 18 years old po. But i dont know how this is my first time po kasi

  5. Good evening miss nora, Im 21 years old and Im planning to apply a savings account na affordable lang then pwedeng i connect thru paypal, I only have school id, is there any chances na makakuha aku nang account? kailangan ku po kasi.

  6. Hi Ms.Nora ask ko lang po kung ano yung pinaka the best bank account sa akin, ang case ko po kasi gusto ng mama ko na mag open na lang ako ng account para imbis na mag padala siya sa thru remittance mag open na lang daw po ako ng bank account para hindi po masyado malaki ang kaltas. Pati kung minsan tuition fee din po ang pinapadala, so ang amount siguro nasa 60k po. Thank you mam 🙂

  7. Hi Chist, yes, some bank officers ask those questions because they want to make sure you use and can maintain your account. Ano bang purpose mo in getting an account? Tell them if it’s to receive your allowance from your parents. Or if you’re working part-time and it’s for your savings. Get also a barangay certificate with webcam photo to support your school ID. Don’t be discouraged if rejected by one bank; try another bank. Try applying for a BPI Easy Saver account at a BPI Family branch.

  8. Very Helpful blog 🙂 Thank you for the infos. Question lang po. May ibang banks po kasi na nag tatanong kung may nag papadala sayo from abrod and sad to say wala. Pero meron akong mga relatives sa abrod. Kaya hindi po nila pinapa’apply ang college students because of this reason. Dito po ba sa nabanggit nyo hindi na nag aask ng ganun?

  9. Hi po.mag open po sana ako ng savings acct sa bank if commerce kya LNG po d ko po alm any recq.nila..

  10. Hi Pamela, requirements ay your school ID, another available ID like library ID or registration card, or school association card. Puede ring Meralco bill ng parents mo. Merong iba gustong makita yong birth certificate. Kung makakakuha ka ng barangay certificate, mas better. Yong initial deposit, puedeng 500 or 1,000 depende doon sa bank na pinili mo. Yong BPI Easy Saver sa BPI Family, 50 pesos yong atm card and initial deposit is 100 (baka 200 na ngayon, or magdala ka ng 550).

  11. Hi po mrs. Nora. Ask ko lang po if how much yung available na atm for students. At ano po yung requirements

  12. hi po Ms. Nora, I’m 19 yrs. old and gusto ko po sana magapply for BDO cash card , tanung ko lang po ? maganda po ba pang savings yun ? saka ask ko lang po , pag nagdeposit po ako ng 100 pesos per day ? ok lang po ba yun ? first timer lang po kasi ako .

  13. Hi good day po. Itatanong ko lang po kung anong mangyayari sa account kung di mo ito ginamit for 4/5 years and ngayon mo pa lang sya talaga gagamitin? I have open an account po kasi before and hindi ko po talaga sya ginamit even changing my password but now I am interested but how can I know if it is still okay to use it? May charges po ba? Thank you for answering po.

  14. I was a bit lost po about dun sa paypal…Kasi balak ko po magonline job, but since I’m only 16 kailangan po ng Paypal Student Acct and unfortunately hindi pa siya available here in the Philippines. What can I do about that Ma’am?

  15. Hi Maria, yes, puede kang mag-apply ng BDO cash card Mastercard even if you’re only 16, as long as you have a valid school ID and supporting ID like barangay clearance and birth cert. But if you like to connect to Paypal, hindi kasi helpful ang BDO pagdating sa Paypal, mas okay itong PayMaya Visa or Smart Visa. 150 pesos lang yong card. Apply ka lang sa Tanong ka lang uli dito

  16. Pwede po ba ko mag-apply sa BDO Cash Card Mastercard? 16 yrs. old pa lng po ako. Saka pwede po ba yun gamitin online para makabayad sa Paypal for online shopping? Thank you po.

  17. Hi Trixia, yes, puede ka nang mag-open. Bring your school ID with photo, your signature and the school head’s signature. Bring also your birth cert, kung meron ka. Maganda rin kung kumuha ka ng barangay certificate for your supporting document. Xerox them. Bring 2 ID pictures.
    Dahil student ka pa lang, choose an account with no maintaining balance. Yong BDO cash card, walang maintaining balance, pero up to 10k lang ang maximum balance at a time. Puede ring up to 25k kung sabihin mo agad sa teller pag-open mo na gusto mo yong up to 25k ang maximum balance. Because this has no maintaining, it charges 2 pesos per atm withdrawal at 15 pesos per over-the-counter deposit. Free deposit kapag sa atm ang deposit.
    Yong BPI Easy Saver, puede rin. No maintaining balance. This is a savings account, not a cash card, so it’s better, so you can also save here. You can put any amount into this account. No maximum limit. Here’s some info about BPI Easy Saver

  18. good day po 🙂 alin pong account ung pede sa paypal. and ung pede pong magamit pag mag travel and pag pangbayad ng mga binili para konting cash lng po dalhin ko? I plan to travel next year po kasi. 18 yrs old pa lng po ako. Thanks po 🙂

  19. Hello po, college student po ako 17yrs old. Balak ko sanang mag open ng account para lang po sa allowance ko. Pwede po ba?

  20. Hi Rochelle, yes, I think Easy Saver is good for students because usually they’re depending only on their allowances, and might not be able to constantly maintain accounts with maintaining-balance requirements. For saving, yes, okay rin ito, may konti-konting interest din siya at insured din siya. Ang difference lang is merong 5-peso charge for every atm withdrawal and every balance inquiry — this is in exchange for the privilege na walang maintaining-balance requirement.

  21. hello poh.. im a college studnt frst timer ko po kse gusto ko sanang mgopen account pra masave po ito.. is easy saver po ok po ba yan for me to save my money pra sa future?

  22. Hi luz, sorry I am not in a position where I can give accurate answers to your questions. I suggest that you approach a bank officer, introduce yourselves as students, present your letter, and ask if you can have time with the bank manager to ask some questions about atm installation. I emailed you, but your email address turned out to be not valid

  23. Dear Maam,

    Good Day!
    We, the BA Students of the School of Business and Management of the University of Southern Philippines Foundation are proposing a project entitled “ Installation of Automated Teller Machine “ at the Lobby of the Main Entrance of the School.

    To help materialize our project, we would like to gather information on the following :
    Placement or Installation Terms and Conditions of the ATM
    Possible cost and return on investment
    Operating Expense
    Maintenance Check/Repair
    Possible Percentage or amount rental of the area
    And other relevant arrangement on the said Installation.

    Hoping for your positive response as the project is considered beneficial not only for a few but to all the Stakeholders of the University. Thank you.

    The Proponents
    (Sgd) By: Luz Macas
    0923 651 8941
    Project Manager

    Noted by:
    (Sgd) Dr.Venus M. Empuerto
    Adviser of Project Management

  24. Hi Kelly, kapag student, the bank accepts the school ID (with photo, your signature and signature of school head, validity dates) and a supporting document or ID. They know you don’t have yet company or government IDs. Sometimes they require your birth cert so bring your birth cert. Yes, bring your library ID and school registration form. If you can get a barangay cert, bring it also. Yes, a 16-year-old can also apply. Just speak clearly and politely with a smile. Confidently beautiful with a heart, sabi nga ni Pia. If the teller asks why you want to open an account, tell them you want to save, or your parents are sending you allowance, or they’re abroad and they’re sending you remittances.

  25. 2 valid ID’s po ang kailangan. I don’t have any Government ID’s kasi po Minor pa lang ako. Paano po kaya yon? Another concern ma’am yung 16years old po ba pwede na din mag pa open acc?

  26. Hi Kelly, puede ka nang mag-apply for an account. But wait for your school ID, kasi the banks need a valid ID. Ang library ID ay supporting ID lang. I suggest na itong BPI Easy Saver ang i-open mo kasi wala itong maintaining balance requirement, although merong 5-peso charge for every atm withdrawal and balance inquiry. But this 5-peso charge is better than getting an account with a balance requirement and being fined 300 pesos if you don’t maintain your account.

  27. Goodmorning mrs Nora. Ask ko lang po pwede na po ba ako mag open acc. Im only 17yrs old. Senior high school in STI. Pero hindi pa po nabibigay ID ko. Pwede po bang Library ID muna at Assesstment form ko po yung gamitin ko? TY.

  28. Hi Aui, sorry no. Dapat savings account, not cash card. Kasi ang puede lang i-link sa Paypal ay savings account, credit card or debit card.
    Ang proseso niyan is pareho kayo dapat merong Paypal account, then i-link mo o i-add mo sa Paypal account mo yong BDO savings account mo. Then yong mommy mo mag-send sa Paypal account mo using her Paypal account. Puede ito kung ang mommy mo ay merong international credit card or debit card or US bank account para mapondohan niya ang Paypal account niya. Naghahanap ka ba ng way to buy or pay online without using a credit card? If yes, comment ka lang dito. I’ll give info on options.

  29. Hi.. i wanna ask if i apply for PESO PASSBOOK SA-5,000 initial deposit, then the following month , do i need to saved Php 5,000 or any amount? and what is the meaning of ave.daily balance requirement. thanks.

  30. Hi Erika, sorry hindi. Kung gusto mo mag-open ka ng BPI Easy Saver. Then mag-apply ka ng Smart Money Mastercard — around 100 pesos lang ito. Yong BPI gamitin mo to transfer money from Paypal to bank (BPI). Yong Smart Money, use it to verify your Paypal account. Smart Money Mastercard can be used as a credit card to verify your Paypal account. If your network is Globe, you can apply for Globe GCash card, puede rin ito to verify Paypal.

  31. Hi po I’m a college student and I wanted to do online commissions, but it requires me to have a Paypal acct. Is it possible to use a cash card for a Paypal account? TIA 🙂

  32. Hi jimae, for BPI Easy Saver, you can start with 200 pesos. But of course, it’s better if you start with 500 pesos or 1,000. Try with one ID. I hope you have proof of home address.

  33. Hi jimae, I think BPI Easy Saver is the best because it does not require a maintaining balance. Although it charges 5 pesos for every atm withdrawal and balance inquiry, it’s still better than being charged 300 pesos if you’re not able to maintain your account. Bring your school ID, birth certificate, two 1×1 ID pictures and other IDs that you have. Do you have a post-office-stamped letter with your name typewritten or printed? This can be shown as your proof of address. If you have a postpaid phone bill, this is better. You can apply at a Bank of Philippine Islands or BPI Family Savings. If asked, tell them you want to open an account to receive your allowance.

  34. Hi! Im a college student(19y.o.) and I’m trying to find a savings account that is affordable and easy to apply because i have only 1 ID . What is a good savings account for me beacause I would like to apply for it. Thank you. im hoping that you could help me with this coz Im having hardtime saving money for my self.

  35. Hi Misswerte, yes, bring your school ID with photo and signature by your school head and your birth cert and library card or any other ID (barangay clearance or student or community organization ID). If the first bank you go to requires more docs, you can try another branch or another bank. Some bank branches are stricter than the others.

  36. hello, can I apply in any of those Bank account that mention here in your website even Im a college student?

  37. Hi lovely, it depends on what your employer told you. Did they say you can open any account at any bank? Any bank account, including your RCBC account, can accept deposit of salaries from any person. Only certain payroll accounts do not accept over-the-counter deposits.

  38. Hi Rocky, I think I’ve already responded to this question. No, you’re not allowed to deposit a check to a cash card. A cash card can accept and contain only cash.

  39. Hi Marilou, yes, she can apply by herself. She brings her school ID and 2 ID pictures. If she has a remittance receipt to show, it will be better. If not, she prepares her reason for applying for a cash card. If refused at a certain branch, she can apply at another branch. Some officers are friendlier and kinder than others.

  40. Does BDO cash card require only 1 ID? How about if applicant is only 15 yrs old? Can my child apply for her own cash card alone? I’m not able to accompany my child 🙂

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