We have five boys, and as their mother, I believe it is my responsibility to teach them at least necessary money management skills. With a little knowledge about spending and saving money, it will somehow give them a head start financially.
As nothing secures a child’s future better than depositing part of their pinamaskuhan at their BDO Junior Savers, the boys already segregated the money to go for savings and spending. They had started their Junior Savers Account when they were of tender age. Initial deposit is only P100, and from there, their money grows interest.
They told me before how thrilled they were when their money reached P2,000. Because upon reaching that amount, their money can start earning interest. Children between 7 to 12 years old may also request for a personalized BDO EMV Debit Card upon reaching a deposit balance of P2,000.
But what I love best about the Juniors Savers is the fact that I can transfer money from my BDO account to my boys’ accounts. This way, I can help them save, too.
If you are interested in opening a BDO Junior Savers account under your child’s name, you need to go to the nearest BDO branch. Present copies (including the original copy for verification) of any of the following: passport, school ID signed by the principal or school head, or a birth certificate issued by the local civil registry or the Philippine Statistics Authority. You can also visit BDO’s website for further details.