Things You Need To Know About BPI Direct Save-Up Automatic Savings + Insurance

So you are the conservative type when its comes to saving and you want to avoid the temptation of withdrawing your funds to buy unnecessary things. Have you heard of the BPI Direct Save-Up Automatic Savings + Insurance? If not, here are a few things you need to know about it.

1. No ATM

BPI Direct will only provide an info card containing your name and account number. With this, you can prevent yourself from easily withdrawing your savings deposited in your Save-Up account because you can only withdraw over-the-counter and not on an ATM machine.

2. Free Life Insurance 

Once you opened an account, you will receive a FREE Life Insurance coverage. The amount will be as much as 10x of your current balance. So if for example you have P10,000 in your Save-Up account, your insurance coverage amount will be as much as P100,000.

3. Automatic Savings

One of the features of BPI Direct Save-Up is the automatic transfer of funds from your other BPI savings account to your Save-Up account. For example, if you have a BPI payroll account, you can setup an automatic monthly transfer (e.g. P1,000 every payday) from your payroll to your Save-Up.

4. Online Application

You can easily apply for an account by filling out the online form available on its website. You just need to print the filled-out form and submit it to the nearest BPI branch so they can verify your information. No initial deposit required.

BPI Direct a wholly-owned subsidiary of Bank of the Philippines Islands (BPI). For more info, you can visit its website:

https://www.bpidirect.com/