Opening a BPI bank account in Qatar is relatively easy and will save you time with the help of a BPI representative who will guide you through the process up to online registration once your account is opened.
In this article, we’ll tell you about the process of opening a BPI bank account in Qatar.
By the way, Do you know that 51.2 million Filipino’s don’t have a bank account? based on the 2019 Financial inclusion survey report of Bangko Sentral ng Pilipinas or BSP.
Check it out here for more info…
Yes, many Pinoys still don’t have or refuse to open a bank account because of a lack of money and document requirement issue, and others just don’t want to have a bank account.
What does it mean?! lots of our kababayan do not save for the rainy days, you know what I mean. read (The Ant and the grasshopper story).
The process to open a BPI bank account in Qatar
The minimum opening deposit is 100 Qatari Riyals. This amount will be the initial balance in your account since all banking transactions are free of charge.
1. First you will need to visit the national exchange at the Souq Doha branch. Tell the Security personnel that you will open a BPI bank account and Look for Mr. Ariel from 05:30 pm to 07:00 pm on Fridays and Sundays. Or, you can visit the Doha Bank Museum branch (behind the National exchange) at the Souq branch Doha between Sunday, Monday, Tuesday from 10:00 am to 12:30 pm.
Otherwise, you can contact Mr. Ariel at 33236884 for more information and any changes to his schedule.
2. Bring the following documents to your appointment with the BPI representative: Personal appearance and QID card – this is where you will be asked to provide your personal information
Requirements on opening a BPI bank account in Qatar
•Passport Copy
•One ID picture
•100 Qatari riyal for the initial deposit
3. The BPI representative will help you to fill out the necessary forms and provide you with an instruction to deposit the initial amount in the National exchange to your BPI account.
in addition to that, the process will take up to 3 to 4 weeks after the approval of your account request, and once it’s approved, you will receive a text message confirming that your BPI atm card is ready for you to collect.
So, what’s next?
4. after you get your BPI atm card including your account details, you can proceed to download the BPI money apps on the google play store here or in AppStore for ios users click to download.
Remember what I mentioned at the beginning of this article?
5. The BPI representative is there to guide you in registering and activating your online BPI account. which makes it a lot easier and faster for you to access all the details of your BPI account on your mobile.
6. After you have completed all the necessary details in the BPI bank apps if you fill out it all correctly. Voila! Congratulations! Your BPI Online account is Activated.
The Importance of making a separate bank savings account
Being overseas Filipino workers or OFWs in Qatar, we look for a way to save our hard-earned money and think where we will gonna keep it for our future and for our family.
We all know that having our money with us settling in our atm card here in Qatar means lots of temptation to spend the money we want to save.
There are lots of good restaurants, huge sales in all malls, and many things that are making magnets like all the beautiful and attractive product advertisements just to spend our money.
So, what do we do to keep our money safe from all of the things mentioned above? Our solution, open a bank account in the Philippines while working and earning a good amount of money in Qatar…
and here, where the separate savings account comes into action by opening an account in BPI that we cannot touch until only when we return back to the Philippines.
Continue reading to find out the benefits for you as an OFW in Qatar of having a separate bank account.
There are a lot of benefits for OFWs in having a separate bank account
– Your money is safe and will grow over time because of the interest rates that most banks offer,
– You don’t have to worry about losing your money if something happens to you while you’re working overseas,
– It’s easy to budget and saves money when you know how much you’re going to be depositing each month,
– It’s a good way to start saving up for your future, and
– You’ll have easy access to your money if you ever need it while you’re still working overseas.
However, You can open a separate bank account in the Philippines in any bank that suits you or you trust, what is important is to start now.
Conclusion
There are many benefits to opening a BPI bank account in Qatar, but you can’t do it alone. That’s where the experts at BPI come in. Whether you’re looking for an OFW Bank Account or just want basic banking services like checking and savings accounts, BPI has what you need with no minimum deposit requirements.
So, what are you waiting for? It’s time to open that separate bank account now!
Leave your comments below of any other banks you know where to open a philippine account to help fellow kababayan to find it…
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