Teaching kids on how the importance of financial stability at their early age makes them ready for their future. Like with our youngest child, Chelsea we already start telling her the importance of saving her money, wants vs needs and the importance of having emergency funds.
Nothing secures a child's future better and, at the same time, teaches them the value of saving than by gifting them with a BDO Junior Savers account this holiday season.
The BDO Junior Savers Account is specially designed for children 12 years and below. With an initial deposit of Php100, you can open an account and start growing interest.
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 P2,000 deposit balance. Children between 7 to 12 years old may request for a personalized BDO EMV Debit Card upon reaching a deposit balance of P2,000.
Junior Savers also 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 www.bdo.com.ph.
BDO Unibank joins other banks in supporting the Kiddie Account Program (KAP) jointly promoted by the Bangko Sentral ng Pilipinas (BSP) and the Bank Marketing Association of the Philippines (BMAP).
The KAP was designed to encourage children 12 years and below to develop the habit of saving money regularly through easy access to the participating banks’ deposit facility.