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How can a Student Open a Bank Account in the Philippines?

If you're a student studying here in the Philippines, a bank account (such as ATM or Passbook account) is a convenient and free medium of receiving your allowances (money) from your parents/guardian who live far from you. Like when I was still a student studying in Quezon City, Metro Manila, I used an ATM card to receive my weekly allowance from my parents who are in Mindanao. Before going to the bank, it's better to prepare the needed requirements in order to save time and money.

What are the requirements?

  1. At least two (2) valid id's.

    • One (1) valid that bears a photo. Examples are:

      • your school ID
      • Company/Office ID
      • Postal ID
      • Driver's License
      • Voter's ID
      • NBI/Police Clearance
      • etc.
    • One (1) valid id which bears no photo. Examples are:
      • NSO Birth Certificate
      • Baranggay Clearance/Certificate
      • etc.
  2. 2 pcs. 1x1 or 2x2 pictures
  3. Initial deposit (ranges from P500 to P10,000 depending on the bank and the type of account). The initial deposit of some of the popular Philippine banks are:
    • BDO = P2,000 is the initial deposit for opening an ATM card/account
    • Metrobank = P2,000 is the initial deposit for opening an ATM card/account
    • BPI = P3,000 is the initial deposit for opening an ATM card

After securing the needed requirements, you can go to your preferred bank where you want to apply a bank account. Inside the bank, go to the New Accounts section. If you don't know that section, just tell any bank officer that you want to open a new account and they will be happy to assist you. Don't forget to wear your smile.

Take note: Regarding the valid id's, you can also bring both two (2) photo-bearing id's. It's also recommended to bring 1 photo-bearing id and 1 non photo-bearing id. But if you bring 2 non photo-bearing id's, there's a big possibility that you're application will not be accepted.

Some foreign students or students with dual citizenships (e.g. Filipino-American, Filipino-Chinese, Filipino-Japanese, Filipino-Italian, Filipino-German, Filipino-Mexican, etc.) can open a bank account here in the Philippines by bringing their Alien Certificate of Registration (ACR I-Card).

Are you having a problem with opening a bank account in the Philippines? Let us know in the comment below.


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"How can a Student Open a Bank Account in the Philippines?" was written by Mary under the Banking category. It has been read 57356 times and generated 4 comments. The article was created on and updated on 25 June 2018.
Total comments : 34
Johanna [Entry]

My sister and i are planning to get bank account pero posible po bang magjoint account na lang po kami.. we are a student pa lang po.. okay po ba ang joint account na sa amin?
bel [Entry]

Paano po kapag student ID lang ang meron ako and hindi pa po iniissue yung latest ID ng school po namin still can I open an account? As in student ID lang po ang meron ako
Belle [Entry]

For 2000 passbook n po ba sya or atm lang po.thanks
Gabby [Entry]

I’m 16 po, can I open a bank account?
Lyka [Entry]

Hi! I've read in other blogs/websites that you also need a TIN for opening a savings account? Is it required too for students? Kasi I don't have a TIN since I'm unemployed. I'm 23 yrs old post grad student po.
Carlo [Entry]

Hi po college student po ako at wala po akong kahit anong government id. Pwede po bang gamitin ang student id at registration form ngayung semester bilang valid id. Kung kailangan po ng extra id pwede po ba ang barangay clearance at nbi. Ako po ngayun ay 20 years old. Naguguluhan lang po ako sa mga id pwedeng gamitin. Maraming salamat po sa reply
Precious [Entry]

Hi po! What if hindi pa po nag issue yung school ng bagong ID since kastart lang po ng school year. Do you think valid po yung previous ID?
Virginia [Entry]

Anong po bang account maganda I open for 8yrs.old daughter. If the mother is ofw. Until pag laki nia po para magamit for her schooling.
Kriza Petalio [Entry]

Hi po. A student like me pwede po bang magasikaso ng debit card kahit walang maintaining balance? And yung proof of billing required po talaga siya? One more thing din po, yung bdo debit card po ba may nakaencrave na unionpay po? Salamat.
trexie [Entry]

hi paano po if wala talaga akong student id or any valid id. only nso and barangay clearance di po ba ako allowed mag open ng bdo account? im only 16 years old
Guest [Entry]

trexie, you need a VALID ID which has your photo. You can get Postal ID. All Filipinos of any age can get a Postal ID. You can get a Postal ID in your Postal Office. Or your can get NBI Clearance. NBI Clearance nowadays has a photo.

Pwde poh ba mag open ng new account ung above 12 yrs old w/o parents? Sa bdo poh gusto at ano poh requirements?
MiaLee [Entry]

Those requirements mentioned above were still the requirements up to now? Such as those valid Id's, because I only have one and thats my school ID, but to be able to have two valid ID, can I use my NSO?
Guest [Entry]

MiaLee, Yes, those requirements mentioned above are still the ones required up to now.

Yes, you can use your SCHOOL ID and NSO birth certificate.
Sherlyn Noble [Entry]

And also I want a Personal Savings Bank account. Is it possible to apply this one? Although I’m just 16 years old and I only have 1 Valid ID because I’m just student.
Guest [Entry]

Sherlyn, yes. There are types of bank accounts where age 18 and below can open.
Sherlyn Noble [Entry]

Hi! I’m just 16 years old, and I want to open a bank account but I only have 1 Valid ID and that is my School ID, is there a possibility that I can still open a bank account?
Michael Dave Mendoza [Entry]

Hi! I'am only 17 years old and having one ID, can I still open a bank account?
Yuri Isabel [Entry]

Hello, I'm a Filipino-Japanese and my parents want me to have a Student Card. I'm 17 actually and | would like to clarify if the ACRI I-Card is really much needed?
Camille Zabala [Entry]

what if you only have 1 valid ID because i am still a student?
Ericka Roque [Entry]

Good day. I'm 17 years old and my parents planning to open an account. But I currently have only one. I just wanna to ask if there a possibility that I can open an account
Karen Cris Calvez [Entry]

Good day. I would like to ask if after i pay 3000 for initial deposit, will it go to my atm card or is it just a fee to open a new account?
Guest [Entry]

Karen, there's no fee in opening a bank account. You can withdraw the initial deposit anytime you want.
ogie bilbar dayap [Entry]

hello im 16 year old i want to open bank account because my mom sending me money everymonth i want to save money is it posible
Alexandra Ramiro [Entry]

I an only 16, my query is, can i open an account without guardian to accompany me? is my age okay to open an account?
Wendy O. Del Rosario [Entry]

good morning po. tanong ko lang po magkano po ang initial deposit para sa student savings acount. salamat po.
Raven Ann Salangsang [Entry]

What if I will only be the one opening the account without telling my parents?
James Cooper [Entry]

I would like to ask , is Php.100 the minimum for student per day for depositing?
Jera manatad [Entry]

what if you only have 1 valid ID because i am still a student?
Ninha [Entry]

Im foreign student that study in philipine .. I want to open ATM but i dont have ACR-I card.. its allow or not? or i must use ACR-I card
Aaliyah Noble [Entry]

I would like to ask if my tita from Kuwait can be able to send me money through this student account. Thank you!
apolonia galang [Entry]

hello,hello management,I want my son and daughter have their own bank account,but they are 16 and 12 years old only.they thus eligible to apply for and to have a personal account ?and what requirements they need to ?
ruzzel escote [Entry]

Hello. 17 yr old and Im studyng at patts in paranaque. So I just wanna ask, what are the requirments to have a account at bpi. ?
ruzzel escote [Entry]

What are the requirements in bpi for student