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BDO Pay Now Open for All, Here's What You Need to Know

How to open an account, cash in, and more.
by Clara Rosales
2 hours ago
Photo/s: BDO website

BDO Unibank made its mobile wallet app BDO Pay available to non-clients of the Sy family's banking arm, as it seeks a share of the digital wallet space that's dominated bu GCash.

The app was previously available to BDO account holders only, and had to be synced with their BDO accounts virtually so funds can be moved or used.

“BDO Unibank has made the BDO Pay mobile app available to non-BDO clients to support the Digital Payments Transformation Roadmap of the Bangko Sentral ng Pilipinas (BSP), which aims to have 70% of Filipino adults to have formal financial accounts by 2023,” the bank said in a statement.

ALSO READ: Here's What BDO Pay App Can Do

Here's what you need to know about BDO Pay:

What can the BDO Pay account do?

Users can send money to BDO and non-BDO accounts, request money, split bills, pay bills and make QR payments. According to BDO, “additional features will be rolled out to further promote e-wallet usage in the country.”

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The BDO Pay account does not require any initial deposit or maintaining balance and can be linked to a BDO subscriber’s checking or savings account, debit card, and credit card for easy transfer of funds, if they have an active account with the bank.

I don't have a BDO account. Can I sign up?

Anyone can sign up for BDO Pay even if they don’t have a BDO bank account, as the app only requires a phone number upon registration.

Creating a BDO Pay account means being part of the BDO system, so you’ll technically be a BDO account holder.

On the app, tap “I’m new to BDO” and “Start application.” At this point, you will be asked if you want a basic or upgraded account.

bdo pay how to sign up registration
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What’s the difference between a regular and upgraded account?

bdo pay basic upgraded account difference
BDO website
bdo pay basic upgraded account difference
BDO website
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How long does registration take?

Once requirements are submitted, applications will be processed within three banking days.

What are the requirements?

Those interested to open a BDO Pay account must be at least 18 years old, residing in the Philippines, and must have no existing BDO Pay account.

  • Mobile number
  • Address
  • Date of birth
  • Citizenship
  • Nature of work/business
  • A copy of government-issued ID

Application for upgraded accounts will require the aforementioned documents and additional government-issued ID. Supporting documents may also be requested.

What government-issued IDs are accepted?

  • Passport
  • UMID
  • Driver’s license
  • TIN ID
  • SSS ID
  • PhilHealth Card
  • Voter’s ID
  • Postal ID
  • PRC ID
  • Foreign passport (English Translation must be provided along with address in the Philippines)

I got approved. What happens next?

Once your application gets approved, your BDO Pay account must be logged into the BDO Pay app. Once you’ve downloaded the app, select “I have an Online Banking account.”

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Sign up using the username and password you set up during your application for the BDO Pay account.

How do I cash in?

You can use BDO’s Cash Accepting Machines or cash in using other banks or mobile wallets. Choose to transfer or send to a BDO account, then enter your BDO Pay account details plus the amount you want to cash in. Confirm the transaction. Take note that service fees may apply.

Your BDO Pay account number can be found in the encrypted PDF attached to your welcome e-mail. You can also find the account number by logging into your BDO Pay account.

Upgraded BDO Pay accounts may cash in at any BDO branch nationwide.

Can I upgrade my basic account now?

BDO said account upgrades are currently unavailable, but will roll out in the coming months. If you opted to open a basic account, you won’t be able to upgrade it yet. If you choose an upgraded account from the get-go, you can enjoy full services already.

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