BDO Unibank continues to drive financial inclusion with its Junior Savers Account, aimed at helping parents and guardians teach children the importance of saving early. The product allows adults to open an account for children up to 12 years old with as little as P100, offering an affordable way to lay the foundation for long-term financial success.
Cora A. Mallillin, EVP and Group Head of BDO’s Branch Banking Group, highlights the bank’s commitment to providing products that meet the needs of all life stages. “We are here to help customers plan their saving and spending for the year, with expert support from our branch teams,” she says.
With a maintaining balance of only P100, the Junior Savers Account allows the funds to start earning interest once they reach P2,000. Parents or guardians can open the account in the child’s name and receive a passbook and debit card. Plus, with BDO’s wide network and digital platforms, accessing the account is quick and convenient, whether via ATM, passbook, or the mobile app.
For OFW Precylyn Castro, BDO’s Junior Savers Account is a vital tool for securing her daughter’s future. “It’s better if she has her own savings for school or emergencies,” says Castro, appreciating the bank’s easy remittance service and digital platforms for hassle-free transactions.
Additionally, BDO offers an automatic funding feature, allowing parents to set up regular transfers to their child’s account, reinforcing a strong saving habit.
The Junior Savers Account is a step towards fostering a financially responsible generation, with an easy-to-use platform for both parents and children. For more information or to open an account, visit www.bdo.com.ph or schedule an appointment at a nearby branch.
