BDO Unibank Inc. advised parents to teach their children the value of saving by gifting them with a BDO Junior Savers account this Christmas.
Children with ages 0 to 12 years can open a BDO Junior Savers account and get a free BDO Junior Savers ID card for as low as P100 in initial deposit. Kids from 7 to 12 years old may opt to get a BDO ATM debit card instead of a BDO Junior Savers ID card.
To help boost the child’s initial savings, parents may opt to auto-transfer their funds from their existing BDO Savings Account to the child’s BDO Junior Savers Account.
The bank said 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.
BDO Unibank and 11 other banks are staunch supporters of the Kiddie Account Program jointly promoted by Bangko Sentral ng Pilipinas and the Bank Marketing Association of the Philippines.