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On June 2010, Bank of the Philippine Islands (BPI) was awarded as the best cash management and trade finance bank by Finance Asia, a popular finance publication and magazine in Asia and the Pacific. BPI is an old and established bank in the Philippines.

BPI has two subordinate banks, BPI Family Savings Bank and BPI Direct Bank. BPI Family Savings Bank services on individual persons, BPI Direct Bank focuses on mobile an online banking, and BPI deals on employee and corporate accounts.

In opening a BPI bank account, you can adhere to procedures given below and ready all requirements before going to the bank. It will be fast and easy to open a new bank account when you bring all the needed requirements so do not forget to bring it all.

1. Ready all requirements before going to the bank like billing statements, two 1×1 photo ID, two valid ID and money for initial deposit.

2. Choose the BPI branch of your choice. It is better to choose a branch near your residence so that if time come when there is a problem with your account, you can easily visit your branch.

3. When you arrived at the bank, go directly to new account desk. Inform the bank employee you want to open a new bank account and complete all application forms you will receive.

4. Pass all the requirements, application forms and initial deposit for your new bank account. This is the minimum initial deposit for BPI, P3,000 and P10,000 for ATM and passbook account.

5. Claim your ATM card or passbook which is normally available for pick-up after 3-5 banking days. Activate your ATM card in the ATM machine.

BPI Philippines is one of the most established bank in the country. It has a good services and products that caters to many customer’s needs. BPI has a long years of experience in banking industry and it has been awarded by many organizations and financial institutions across the country and abroad. It is easy to open a BPI bank account when you have the complete requirements so don’t forget to bring it all.

Gily Tenorio is a blogger on finance, saving and investing. He likes playing guitar and reading books. He is now living in Korea with his family. For more details on how to open a BPI Account, feel free to visit Financial Management , for free financial management information on saving, investing and make money online.