Recently Banco de Oro (BDO) with Unibank have join other banks in supporting the Kiddie Account Program (KAP). Which is jointly promoted by the Bangko Sentral ng Pilipinas (BSP) and the Bank Marketing Association of the Philippines (BMAP), last December 2019.
The KAP goal is to encourage children 12 years and below to develop the habit of saving money regularly through easy access to the participating banks’ deposit facility.
Through Easy Saver or your online banking account, you can transfer money from your existing BDO accounts to your child’s BDO Junior Savers Account.
The BDO Junior Savers Account is specially designed for children 12 years and below. With an initial deposit of P100, you can open an account and start growing interest.
|Receive a passbook|
Kids below 12 years old will get a passbook to monitor their savings for as low as Php100 and start earning interest upon reaching a Php 2,000.00 deposit balance.
|Get a BDO EMV Debit Card|
Children between 7 to 12 years old may request for a personalized BDO EMV Debit Card upon reaching a deposit balance of Php 2.000.00.
|Transfer money with ease|
BDO gives you the option to help your child save. Through Easy Saver or your online banking account, you can transfer money from your existing BDO accounts to your child’s Junior Savers Account.
To open a BDO Junior Savers account under the child’s name, parents just need to go the nearest BDO branch and present copies (including the original copy for verification) of any of the following: passport; school ID signed by the principal or school head; or birth certificate issued by the local civil registry or the Philippine Statistics Authority.
For further details on the opening of a BDO Junior Savers account, you may visit their website.
Sources: sunstar.com, bdo.com.ph–Junior Saving Account
Photo Sources: bdo.com.ph