Passbook Accounts
A bright future can begin with a step towards the right direction. At BOF, saving for it is easy because we can make it feel like a walk in the park. With our deposit products, you can be certain that you’re on the right track with every stride.
✓ Passbook ✓ Interest-earning
Savings Accounts
Basic Savings Account
The basic savings account to get you started.
Requirements:
Any Proof of Identity
Minimum Initial Deposit: ₱100
Features:
Passbook
Interest Rate: 0.125%
NO MAINTAINING BALANCE
Minimum Average Daily Balance to Earn Interest: ₱500
Deposit Limit: ₱50,000*
*Account will be converted to Easy Savings Account once the balance exceeds the said amount.
Kiddie Savings Account
The essential savings account for kids*.
Requirements:
1 valid ID of Legal Guardian
Child’s Birth Certificate
Minimum Initial Deposit: ₱100
Features:
Passbook
Interest Rate: 0.125%
Minimum Maintaining Balance: ₱100
Minimum Average Daily Balance to Earn Interest: ₱500
*Apt for newborns up to kids aged 12 years old.
Easy Savings Account
The simple and reliable savings account for you.
Requirements:
1 valid ID
Minimum Initial Deposit: ₱100
Features:
Passbook
Interest Rate: 0.125%
Minimum Maintaining Balance: ₱100
Minimum Average Daily Balance to Earn Interest: ₱1,000
Checking Accounts
Personal Checking Account
The ultimate checking account that earns interest.
Requirements:
1 valid ID
Minimum Initial Deposit: ₱2,000
Proof of Income*
Features:
Passbook
Checkbook**: ₱250
Interest Rate: 0.125%
Minimum Maintaining Balance: ₱2,000
Minimum Average Daily Balance to Earn Interest: ₱5,000
*Subject to additional documents
**Please allow 3-4 weeks for checkbooks with the account name printed.
Business Checking Account
The optimum checking account for your business.
Requirements:
1 valid ID
Business Documents*
Minimum Initial Deposit: ₱5,000
Features:
Passbook
Checkbook**: ₱500
Interest Rate: 0.125%
Minimum Maintaining Balance: ₱5,000
Minimum Average Daily Balance to Earn Interest: ₱10,000
*Please see the full list of required business documents below.
**Please allow 3-4 weeks for checkbooks with the account name printed.
Time Deposit Account
The ideal time deposit account for your future.
Requirements:
1 valid ID
Minimum Initial Deposit: ₱10,000
Features:
Passbook
Minimum Maintaining Balance: ₱10,000
Minimum Average Daily Balance to Earn Interest: ₱10,000
Interest Rates:
Fees and Charges
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Primary: Branch Banking Group Head and Bank Solutions Head
Alternate: Senior Executive Vice President
Bank Certification
₱ 150
Personal Checkbook
Business Checkbook
₱ 250
₱ 500
Charge for Lost Passbook
₱ 150
₱ 100
up to ₱ 100,000
*Account Charge for closing within two (2) months from opening a passbook account.
Maintenance Fee*
Easy Savings
₱ 100
Personal Checking
₱ 200
Business Checking
₱ 200
Monthly Dormancy Charge*
₱ 30
₱ 75
Request for Manager’s Check
₱ 250
Stop Payment Order Charge
₱ 50
Intrabank Deposit (Interbranch)
Intrabank Withdrawal (Interbranch)
₱ 200
above ₱ 100,000
₱ 50
Interbank Deposit (PESONet)
₱ 200
Early Account Closure Charge*
*Account Charge for falling below maintaining balance
FREE
Basic Savings
₱ 50
Kiddie Savings
*The Monthly Dormancy Charge shall only be imposed on the dormant deposit account five (5) years after the last activity, provided that the account balance has fallen below the required minimum monthly ADB.
-
Account Opening Documentary Requirements
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Deposit Account Agreement Form
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Client Information Form (Individual)
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Client Information Form (Juridical)
NOTICE TO DEPOSITORS
Effective March 15, 2025, the Maximum Deposit Insurance Coverage provided by Philippine Deposit Insurance Corporation (PDIC) is increased to One Million Pesos (₱ 1,000,000) per depositor, per bank.
New Maximum Deposit Insurance Coverage
