A special savings account in Banco de Oro (BDO), Power Teens Club account is a fixed interest-bearing savings account for young adults above 12 to 19 years old, with specially designed passbook and ATM card which can be used as a shopping card at all SM Department Stores. Here's the procedure on how to open a BDO Power Teens Club Account.
Step 1
- Initial Deposit of Php 2,000
- At least 2 valid ID's (photo-bearing):
- School Registration
- 2 pieces 1" x 1" colored pictures (recent photo is recommended)
- School ID is required.
Go to your preferred BDO branch where you want to open a Power Teens Club Account.
Step 3
In the bank, go to the New Account section and ask any bank officer that you want to open a Power Teens Club Account. The bank officer will then facilitate your request and will process your application. You will have fill-out an application form and some documents and give your requirements.
After the application process, you need to give the initial deposit (minimum of Php 2,000) and the bank officer will give a deposit transaction slip. Never lose this slip. This will be required upon claiming your Power Teens Club ATM card and Passbook.
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After the application process, you need to give the initial deposit (minimum of Php 2,000) and the bank officer will give a deposit transaction slip. Never lose this slip. This will be required upon claiming your Power Teens Club ATM card and Passbook.
Claiming Your Power Teens Club ATM Card/Passbook
Usually, you can claim the Power Teens Club ATM/Passbook after a week (7 days). Bring your deposit slip upon claiming the ATM card and Passbook.
Features of Power Teens Club Savings Account
- You have to maintain Php 2,000 on the account to earn interest.
- The ATM card is specially designed
- The ATM card can be used as a Shopping Card
- The account is insured with PDIC up to Php 500,000 per depositor
Service Charge
*Service Charge for falling below the Monthly Average Daily Balance (MADB) requirement is Php 300. The Php 300 service charge is automatically debited from an account at the end of the month if the MADB fell below requirement for 2 consecutive months.
You will be charged with Php 300 if you close the account within 30 days from account opening.
Tips
- You can open a joint account with Power Teens Club.
- Power Teens Club account is for the teens (ages 13 to 19 years old). So, those who are 14, 15, 16, 17 years old can open this type of account in BDO.
Are you interested to open a Power Teens Club? Do you have any problem with your Power Teens Club account?
