How to Open a Dollar Account in Bpi
- Requirements for BPI account opening
- BPI office location, timings and contact
- FAQs
If you've recently moved to Dubai from the Philippines, having an account with the Bank of the Philippine Islands (BPI) can come in handy, especially if you need send to money back home. However, the bank mandates that all applicants, including Overseas Filipino Workers (OFWs), should personally visit the bank to open an account. If you didn't get around to opening a bank account with BPI when you were back in the Philippines, don't worry, you can easily create one here in Dubai. Here's a handy guide on how to open a BPI account in Dubai.
ABOUT BANK OF THE PHILIPPINE ISLANDS
BPI is a premier banking institution in the Philippines and Southeast Asia. This bank which was established in 1851, to offer all the usual banking services for its users which include personal finance, savings, insurance, remittance, and issuing loans and credit cards. BPI also has a reliable online banking portal which is why it is popular with Filipino expatriates in the UAE.
BPI has overseas offices in three locations across the world including Hong Kong, Japan and Dubai. The BPI representative office in Dubai only deals with creating savings accounts and deposits for remittance. Any other banking services from BPI such as withdrawals or issuing loans can only be done at the BPI branches in the Philippines.
REQUIREMENTS TO OPEN BPI BANK ACCOUNT IN DUBAI
All Filipino expats in Dubai, who are above the age of 18 are eligible to open an account with BPI. Since the bank requires a physical visit from its applicants, you will need to visit this BPI office in Dubai with the following to open a BPI savings account.
- A valid Emirates ID (original and copy)
- A deposit of AED 100
Once you present your Emirates ID and pay the deposit of AED 100, the representative at the BPI Dubai office will initiate a request to open your account. Once the request is initiated, creating the account and receiving your account details will take one month.
After your account has been created, you can log in on BPI's Online Banking portal by creating an account with your BPI account number. Once the account is created you can quickly and easily manage your finances from there as well as initiate remittance transfers to send money back home.
BPI DUBAI OFFICE LOCATION
The BPI branch in Dubai is located in the Al Satwa district, in the Al Diyafah Building. The best way to get here is by car or taxi. If you're travelling by public transport, you can take the C10 bus from the Burjuman or ADCB metro stations on the red line, and get down at the 'Hana Center 1' bus stop.
DUBAI BPI OFFICE TIMINGS
The operating hours for the BPI representative office are as follows:
- 10:00 am to 06:00 pm from Saturday to Thursday
- Closed on Fridays
If you need further assistance, you can contact the BPI Dubai office on +971-4-354-2977 during their operational hours.
FAQs
How can I open an account in BPI in Dubai?
To open a BPI bank account in Dubai, visit the BPI representative office in Al Satwa with your Emirates ID and AED 100 for the deposit.
What is the BPI new account initial deposit?
In Dubai, the initial deposit for opening a BPI savings account is AED 100.
That concludes this quick guide on how to open a BPI account in Dubai. If you're looking for local banking solutions, here is a list of the best banks in Dubai. You can also consider the Islamic banks in Dubai if you require Sharia-compliant financing solutions.
We've got many more helpful guides to help Filipino expats learn more about living in the UAE. If you are new to the city, here are the top Dubai neighbourhoods for Filipino expats. Our blog also lists the steps to renewing your Philippine passport and how to apply for an OEC in Dubai.
How to Open a Dollar Account in Bpi
Source: https://www.bayut.com/mybayut/how-to-open-bpi-account-dubai/