BDO Bank of the Philippines: review, and exchange rates 2023

BDO Bank of the Philippines, also known as Banco de Oro, is one of the leading banks in the Philippines. With a rich history spanning several decades, BDO has established itself as a reliable financial institution, offering a wide range of services to individual and corporate customers alike. This review aims to provide a comprehensive overview of BDO’s history, credits and services, products, structure, currency exchange rates, customer support, and other relevant information.

History and Background

BDO Bank of the Philippines traces its roots back to 1968 when it was established as a thrift bank called Acme Savings Bank. Over the years, the bank underwent significant growth and transformation, merging with several other financial institutions to become the robust organization it is today. In 1994, the bank rebranded as Banco de Oro, and in 2007, it completed a merger with Equitable PCI Bank, creating one of the largest banks in the Philippines.

Credits and Services

BDO Bank of the Philippines offers a wide range of credit products and services to cater to the diverse needs of its customers. The bank provides personal loans, home loans, auto loans, and credit cards, among other offerings. These credit products come with competitive interest rates, flexible repayment terms, and convenient application processes. BDO is known for its efficient and reliable credit approval system, ensuring quick access to funds for customers.

BDO Exchange Rate

Products and Accounts

BDO Bank of the Philippines offers a comprehensive suite of products and accounts tailored to meet the financial requirements of individuals, businesses, and corporations. Customers can choose from savings accounts, checking accounts, time deposits, and investment products. BDO’s savings and checking accounts come with various features and benefits, including online banking, debit cards, and e-statements, providing customers with convenient access to their funds.

Structure and Network

BDO Bank of the Philippines has an extensive network of branches and ATMs throughout the Philippines, making it easily accessible for customers across the country. The bank has also expanded its presence globally, with overseas branches and remittance centers catering to the needs of Filipino expatriates. BDO’s robust infrastructure ensures that customers can conduct their banking transactions seamlessly, both locally and internationally.

Currency Exchange Rates

As a full-service bank, BDO offers currency exchange services to facilitate foreign currency transactions. The bank provides competitive exchange rates for major currencies, including the US dollar, Euro, British pound, and Japanese yen. BDO’s currency exchange services are available both for individuals and businesses, ensuring convenient access to foreign currencies for various purposes such as travel, remittances, and international trade.

BDO Exchange Rate History and Chart

Customer Support and Digital Banking

BDO Bank of the Philippines places great emphasis on providing excellent customer support to ensure a positive banking experience. The bank offers a dedicated customer service hotline, email support, and assistance through its branches. BDO has also invested in digital banking solutions, providing customers with online banking, mobile banking, and a user-friendly banking app. These digital platforms enable customers to perform transactions, check balances, and access various banking services at their convenience.

Banking Conditions and Policies

BDO Bank of the Philippines adheres to strict banking regulations and policies to ensure the security and integrity of its operations. The bank follows Know Your Customer (KYC) protocols and Anti-Money Laundering (AML) regulations to prevent fraudulent activities and promote transparency. BDO’s lending practices and credit policies are designed to ensure responsible lending, protecting both the bank and its customers.

Conclusion

BDO Bank of the Philippines has established itself as a reputable financial institution with a strong presence in the Philippines and beyond. With its extensive range of services, competitive products, convenient digital platforms, and robust customer support, BDO strives to meet the diverse needs of its customers. Whether individuals require credit facilities, savings accounts, currency exchange services, or personalized financial solutions, BDO Bank of the Philippines offers a comprehensive suite of products and services to cater to their requirements.

BDO USD to PHP

General Information

Full name	Banco de Oro
Short name	BDO
Bank logo
Established	January 2, 1968

Contact Details

Official website	www.bdo.com.ph
Address	BDO Corporate Center: 7899 Makati Avenue, Makati City, Philippines, 0726
Hotline	(632) 8631 8000
Domestic toll-free	1 800 10 631 8000
Email	callcenter@bdo.com.ph