BDO Unibank is one of the largest banks in the Philippines, known for its excellent customer service, innovative products, and strong focus on retail banking and small and medium enterprises (SMEs). Here are some key facts about BDO Unibank.
- Financial Performance: BDO Unibank reported a remarkable 12% year-on-year surge in net income, reaching PHP82 billion in 2024, driven by strong performance from its core businesses.
- Sustainability Efforts: The bank has channeled over PHP 1 trillion into sustainable projects, including renewable energy initiatives like San Miguel Global Power’s battery energy storage system and Citicore Solar Batangas 1.
- Expansion: BDO Unibank has expanded its branch network to 1,791, ensuring its comprehensive range of financial services is within reach of millions of Filipinos.
- Awards and Recognition: BDO Unibank’s president and CEO, Nestor V. Tan, was elected as the president of the International Monetary Conference (IMC) for the 2025-2026 term, reflecting the bank’s growing influence in the global financial sector.
- Partnerships: BDO Unibank has partnered with various companies, including ACEN Corp, to finance large-scale renewable energy projects, such as the Quezon North onshore wind power project.
- Digital Banking: The bank has also ventured into digital banking, with BDO Pay allowing customers to make transactions without the need for physical wallets, as seen in its partnership with Belle Mariano.
- Global Recognition: BDO Unibank’s parent company, SM Investments Corporation, ranked 811th among the world’s largest public companies in Forbes’ 23rd Global 2000 list.
What are the account opening requirements?
To open a BDO account, you’ll need to provide the following requirements:
For Filipino Citizens:
- At least one valid photo-bearing ID, such as:
- Philippine Identification Card (PhilID)
- Driver’s License
- Passport
- SSS/GSIS ID
- PRC ID
- Voter’s ID
- Postal ID
- Other government-issued IDs
- Initial deposit amount (varies by account type)
For Foreign Nationals:
- Passport
- Any of the following:
- Alien Certificate of Registration (ACR)
- ACR I-Card
- Work Permit/Visa
- Other proof of legal residence
- Initial deposit amount (varies by account type)
Additional Requirements:
- Two photocopies of your valid ID
- One 1×1 recent ID picture (not required for all account types)
Minimum Initial Deposit:
- Varies by account type, such as:
- BDO Peso Savings Account: PHP 5,000
- BDO Peso Passbook Savings Account: PHP 10,000
- BDO Basic Deposit Account: No initial deposit required
- BDO Prime Checking Account: PHP 25,000
Account Types:
- Savings Accounts: BDO Peso Savings Account, BDO Peso Passbook Savings Account, BDO Basic Deposit Account
- Checking Accounts: BDO Peso Checking Account, BDO Prime Checking Account
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It’s best to check with BDO directly for the most up-to-date requirements and to confirm the specific requirements for your chosen account type.
Can you explain BDO digital banking features?
BDO offers a range of digital banking features that make managing your finances convenient and secure. Here are some of the key features:
BDO Online Website
- Seamless and secure access to your accounts, cards, and essential banking services
- Modernized interface and enhanced functionality for easy navigation
- Strengthened login protection through SMS One-Time Password (OTP) or push confirmation via the BDO Online app
BDO Online App
- Manage all your BDO accounts, including loans, time deposits, and cash cards
- Request checkbooks and invest online
- Lower fees, with free BDO-to-BDO transfers and reduced P10 InstaPay fee
- Convenient bill payment with saved payment details for future transactions
- QR code feature for easy transferring, requesting, and withdrawing money
BDO Pay
- Mobile payment app linked directly to your BDO account and credit card
- Contactless payments for bills, online sellers, and stores nationwide
- Save on cash-in fees and transfer money between accounts without switching apps
- Request money and split bills with others
Other Features
- Card management: lock/unlock cards and set daily transaction limits for added security
- Device registration and PIN or biometrics login for secure access
- Account and transaction notifications via app or email
- Phone banking: access accounts and perform transactions with a phone call, 24/7
Benefits
- Convenience: access accounts and perform transactions anytime, anywhere
- Security: enhanced protection with OTP, PIN, and biometrics
- Ease of use: user-friendly interface and streamlined processes
- Cost-effective: lower fees and savings on cash-in fees.
How does bdo compare with others banks in the Philippines?
BDO Unibank is one of the largest banks in the Philippines, and here’s how it compares to other major banks:
Key Statistics:
- Assets: BDO leads with PHP 4,668,556.06 million in assets, followed by Landbank (PHP 3,428,775.20 million), BPI (PHP 3,295,752.08 million), and Metrobank (PHP 3,220,012.90 million).
- Deposits: BDO has the largest deposit base with PHP 3,680,551.11 million, followed by Landbank (PHP 3,009,044.87 million), BPI (PHP 2,564,224.00 million), and Metrobank (PHP 2,321,464.77 million).
- Loans and Receivables: BDO tops the list with PHP 3,121,994.92 million, followed by BPI (PHP 2,181,517.11 million), Metrobank (PHP 1,593,288.51 million), and Landbank (PHP 1,532,708.63 million) ¹.
Brand Value and Recognition:
- Most Valuable Brand: BDO was recognized as the Philippines’ most valuable brand in 2025, with a brand value of $3.7 billion, reflecting its strong market leadership and customer trust.
- Digital Banking: UnionBank is known for its digital transformation initiatives and tech-driven banking solutions, while BDO has also invested in digital banking capabilities, including BDO Online and BDO Pay mobile apps ² ¹ ³.
Ratings and Stability:
- Moody’s Rating: BDO, BPI, and Metrobank have a stable outlook with a Baa2 deposit rating from Moody’s, reflecting their strong liquidity and profitability.
- Financial Performance: BDO reported a 12% year-on-year surge in net income, reaching PHP 82 billion in 2024, driven by strong performance from its core businesses ⁴.
