Bank of the Philippine Islands菲律宾群岛银行

Philippines 传统银行 In-branch required Permit holders ★ 3.8
Minimum depositNo initial deposit
Monthly feeBasic account, fee by plan
Minimum balanceBasic account: fee if below balance
How to apply—
Processing time~1 hour (in branch)
Institution typeTraditional Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Advantages

  • Philippines' oldest bank, high reputation
  • Highly digital, good app
  • English widely used

Things to note

  • Non-residents need a residence permit
  • Must visit a branch
  • Some accounts need minimum balance

Documents required

  • Passport
  • Philippine visa or residence permit
  • Philippine proof of address

Must apply in person at a branch; valid residence permit or visa required; local proof of address required

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

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