Savings Accounts - Pamana Savings
Pamana Savings account helps you secure the future of your loved ones. Beyond the savings devoted for your family, you get FREE life insurance worth 3x your account balance, up to Php 2 million!
as of September 15, 2020
A. Savings Account Features
- Earn interest on your savings
- Choose between Debit Card or Passbook variant (1) Debit Card allows access to BPI 24/7 banking channels: ATMs, CAMS (Cash Accept Machines) and BPI Online (2) Passbook for automatic record - keeping and easy monitoring, with balance viewing in BPI Online.
- Available in Peso and Dollar (US Dollar Currency is only available in Passbook variant)
B. Free Life Insurance Features
- No more premium payments required
- Insurance coverage from BPI-Philam* worth 3x the average account balance** up to Php 2 million or $40,000
- No medical check-ups required (subject to only 1 year constestability period)
- Insurance takes effect on the same day of account opening
- Applicable to individuals 15-60 years old
*BPI-Philam Life Assurance Corp. is an insurance company governed by the Insurance Commission. It is a subsidiary of Philam Life and an affiliate of BPI.
**Terms and conditions apply. The insurance coverage will be 3x the Average Daily Balance of the past three calendar months prior to the insured's passing. A maximum of Php 2 million or $40,000 insurance coverage applies per account holder, regardless of the number of accounts opened.
Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000. (Applicable to the deposit account and not the free life insurance coverage)
BPI Family Savings Bank is regulated by the Bangko Sentral ng Pilipinas with email address [email protected]
- Valid Identification Card with Signature. View list of acceptable IDs
- Initial Deposit
- Contestability on Illnesses
- Contestability on Restricted Areas
- Terms and Conditions of the Free Life Insurance
Deposits are insured by PDIC up to P500,000 per depositor.