Wednesday, June 25, 2014

Take Advantage of BPI Save-Up Automatic Savings + Insurance (for OFW too)

BPI Save-Up Important Advisory



Bank of the Philippine Islands is my choice in personal banking. They have good internet banking that is very useful for OFW like me. I sent money to my own account and tranfer the fund as my remittance to my sister's account. Anytime, I can use online fund transfer and they'll receive it real-time. From using online fund transfer  and other online banking facilities it gives me convenience at my own time.

Last March, while browsing online I saw BPI Save-Up  Automatic Savings plus Insurance. I read through and give it a consideration to add it on my portfolio. If you are thinking of adding this one to yours too please check below and take advantage of this product.

Advantages of BPI Save-Up Automatic Savings + Insurance

Start your Save-Up account with no initial deposit. 

Minimum amount you can set aside is Php 250.00. You also set the frequency of fund transfer from your source account to your Save-Up. The interest rate per annum is 0.250%. I think this is a good method for making automatic savings work for Filipinos who's savings is least priority. By using these method you strongly enforces the idea of "paying yourself first".

Decide how much you want to save every payday or every month . You can transfer funds anytime to your Save-Up account.

These forces us to learn how to budget with what we have. Track your expenses, know your income and needs and live below your means. You can decided how much money you want to set-aside and scheduled it at time you choose.

Save-Up account does not come with an ATM card.  

These will help us discipline ourselves to not withdraw our savings and save for long-term. If a person sticks with this automatic savings plan over the long time – no cheating and no dips into the emergency fund for non-emergencies – they can get ahead of good start financially.

FREE BPI-Philam Life Insurance
No medical check-ups or premium payments required. The amount of your coverage is  equal to as much as 10x your account balance* up to PhP 4 million!
  • Basic Life : 5x the account’s average Month-to-Date Average Daily Balance (MTD-ADB) of the past three calendar months with a maximum amount of P2,000,000 regardless of the number of accounts opened by the insured individual.
  • Accidental Death : Additional 5x the account’s average Month-to-Date Average Daily Balance (MTD-ADB) of the past three calendar months up to P2,000,000 regardless of the number of accounts opened by the insured individual.
  • Accidental Dismemberment : 5x the account’s average Month-to-Date Average Daily Balance (MTD-ADB) of the past three calendar months with a maximum amount of P2,000,000 independent of the number of accounts opened by the insured individual.
For more info, visit the BPI Direct Save-Up information page.

How to Open?

I was able to open BPI Direct Save Up because I am existing customer with  BPI Express Online banking. If you don't have an account you can easily open an account here.


For the existing customer just simply go to same link answer the question, fill up the required fields. Once you've done that wait for the confirmation email.


If you are OFW you can take advantage of trying this product if you have BPI account online.

It’s time to set up your savings plan. Now, you can save automatically every payday!

Here's my card! My sister took a picture, activate and sent this to me. I’m very happy with this product and there are a lot of options out there too.



So take advantage now and let me know what you think. :)

Xiao!

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Hey online friend,
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