Join the Truly Rich Club

Five Ignored Versatility Features of BPI Account

Special thanks goes to  Ronald Malicdem, a member of our investing in stock market tips & tricks group for this piece.
If you have an existing BPI account, you might want to check out some of their investment products!
Read on to find out what can suit your need!
   

The versatility of a BPI account

Just want to share for newbies asking where to start. Having a BPI account is one of the most versatile tool in starting your investment. Some may not know but you can do a lot of things with your BPI account.

1. Rule 1 – start savings, ensure to have a savings account. You may open a BPI savings or checking account. Do not start your investment adventure without enough savings and emergency funds.

2. Rule 2 – emergency funds.
You can link your BPI savings / checking account to open any of the BPI trust funds. For emergency funds, to ensure capital preservation, minimal risk and growth, go for BPI money market funds or BPI bond funds. One good news, all BPI trust funds have no holding periods! Can be withdrawn anytime without a penalty, what a nice feature 🙂 Note, this is for BPI UITFs only, Oddyssey and ALFM MFs have holding periods.

3. Investment – you can link your BPI savings / checking account to open a BPI equity UITF fund or you can link your BPI savings / checking account to open a BPI Trade trading account. Now here comes the versatility, you can easily move your money online from your savings/checking account to your BPI trade account and vice versa, withdraw from the trade account and move back to your savings/checking account.

4. Long-term – you can setup your BPI savings/checking account to have an EIP to your BPI trust funds, this means, an auto-transfer of funds on a specific period (monthly) from your savings/checking to your BPI trust funds.

5. Online and versatility
– all of this BPI accounts (savings, checking, trust UITF funds, and trading accounts) are online and can be interlinked! You can always monitor online status of your accounts anytime anywhere, make necessary processing within and between your accounts. The power of versatility! 🙂

As I’ve shared before in my previous blog, BPI Trade can be ideal  for long-termers who don’t need to monitor the market day to day and seldom makes transactions.
You don’t see a lot of market actions so you’re not bothered with dips and blows. And the bank-linking is what I like most.
Have fun investing (while partnering with your bank)!
Omeng \_(”,)/ 

PS: For beginners, download this full version of Bo Sanchez’ pdf ebook – My Maid Invests in the Stock Market… and Why You Should too!
Click here to download for free!

Author: Omeng Tawid


Have you always felt as if your money is never enough?
Are you one of those people who live from paycheck to paycheck?
Have you been working so hard, but earning so little?

Then join this exciting learning event from one of my mentors!
And the best thing is you can join this wherever you are.
Yep, this will be an online 4-hr seminar session full of practical lessons on improving your financial life.

Online access is only Php 200.00. Such a small price for a huge learning experience.

Get stock picks straight to your email!

Get stock picks straight to your email!


Did you like this article?

Don't miss out on my new posts. Subscribe to Smart Pinoy Investor by email and get my latest tips & updates! Click HERE! (it's FREE)

Avoid losing money and become a smarter investor!

Join my online training program for newbies(for OFWs too!) and learn how you can do stress-free investing!Click HERE!

Free Webinar - How to join investing in Philippine stock market for beginners!



One thought on “Five Ignored Versatility Features of BPI Account

  1. Pingback: Investing Tip #4 – Make your investing tasks automatic | Smart Pinoy Investor

Got questions? Leave your comments below.

Join the Truly Rich Club