I got this pamphlet when I enrolled my brother at UST. I think this is new offer from BPI. It is good catch since the account holders don't have to maintain balance unlike the regular savings account, in which they have to maintain at least 3000pesos in order not to get penalty of 200pesos. Like the other teller cards from BPI, it has 16 digits at the front.
For opening this type of savings account cost 200pesos only. It has advantages and disadvantages. The following are the advantages:
- Low amount needed to open an account unlike the regular account
- No maintaining balance
- Safe
- Earns interest like the regular account
- Withdraw funds at BPI ATM
- To withdraw funds at BPI ATM, one must avail the Express Teller Card. It costs 50pesos.
- There are other charges for withdrawal at BPI ATM (5pesos per transaction) and other ATM, and withdrawal via Teller of any BPI Branch (100pesos).
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