Deposit at least Php 500,000 worth of fresh funds in participating deposit products and maintain your balance for three months.
1. Program Period: November 1, 2021 to March 31, 2022.
2. The Promo “Double Double Challenge” is open to select BPI and BPI Family Savings Bank (“Bank”) depositors.
3. To join the Promo, the BPI depositor must register through the promo site indicated in the e-mali or SMS that will be sent by BPI to the depositor's registered e-mail address or mobile number on or before January 31, 2022.
4. To qualify, a BPI depositor will need to deposit at least Php 500,000 new funds in participating deposit products.
5. BPI depositors will be rewarded on the basis of incremental average daily balance (ADB)* in the participating deposit products.
*ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the number of days in that month. The formula for computing ADB is as follows:
ADB = (Day 1 ending balance + Day 2 ending balance + Day 30/31 ending balance)/Number of days in the month (i.e. 30/31 days)
6. The ADB tracking will begin on the first day of the month when the BPI depositor registered for the Promo and will end on the last day of the third month from the start tracking date.
Refer to the table below for the schedule of tracking:
|Registration Date||Start Tracking||End Tracking|
|November 1, 2021 to November 30, 2021||November 1, 2021|
January 31, 2022
|December 1, 2021 to December 31, 2021||December 1, 2021||February 28, 2022|
|January 1, 2022 to January 31, 2022||January 1, 2022||March 31, 2022|
7. BPI depositors will enjoy higher rewards when there is a higher incremental ADB after three months.* The rewards will be in the form of Giftaway e-Gift Credits.
Refer to the table below for the list of rewards per incremental ADB tier:
|Incremental ADB Tier (PHP)||Incremental ADB Tier (USD)||Reward in E-Gift Credits (equivalent to 1 Php each)|
|Gold||Php 500,000 to < Php 1,000,000||USD 10,000 to < USD 20,000||1,000|
|Platinum||Php 1,000,000 to < Php 5,000,000||USD 20,000 to < USD 100,000||2,500|
|Diamond||Php 5,000,000 and above||USD 100,000 and above||10,000|
* Incremental ADB = defined as the Deposit ADB balance difference from start tracking date and end tracking date.
|Start Tracking||End Tracking||Incremental ADB||Reward in e-Gift Credits (equivalent to 1 PHP each)|
|November 1, 2021||Date||Deposit ADB||Date||Deposit ADB||5,000,000||Date||Amount|
|November 1, 2021||1,000,000||January 31, 2022||6,000,000||February 15, 2022||10,000|
8. If a BPI depositor has multiple accounts (falling under the participating deposit products) in the same name, his reward will be computed based on the total incremental ADB of all his accounts falling under the participating deposit products, and not computed individually. To illustrate:
November 1, 2021 to December 31, 2021
|Account||Incremental Deposit ADB||Correct Computation||Wrong Computation|
|Regular Savings (USD)||USD 10,000||Php 1,000|
|Saver Plus||Php 1,500,000||Php 2,500|
|Pamana Savings||Php 3,000,000||Php 2,500|
|Total||Php 5,000,000||Php 10,000||Php 6,000|
9. The list of participating deposit products are as follows:
- Regular Savings (PHP or USD)
- Regular Checking
- Maxi-Saver (PHP or USD)
- Pamana Savings (PHP or USD)
- Saver Plus
10. For purposes of this Promo, funds transferred from BPI, BPI Family Savings Bank, or BPI Direct BanKo and maturities from Time Deposits will not be considered as new funds.
11. New funds include the following:
- Instapay / PesoNET transfers from other banks;
- Remittances from other banks;
- Over-the-counter cash deposits;
- Over-the-counter check deposits;
- Gains on sale from Investments (e.g. UITFs, Mutual Funds, Bonds, Securities, Stocks, and similar instruments).
The Giftaway e-Gift Credits will be awarded within 2 weeks from end tracking date (refer to #6).
End Tracking Date
|January 31, 2022||February 25, 2022|
|February 28, 2022||March 25, 2022|
|March 31, 2022||April 29, 2022|
12. The BPI depositor shall receive an e-mail and/or SMS from Giftaway, which shall contain a unique code that will bear the e-Gift Credits due to the BPI depositor. The BPI depositor may use the code to purchase products and services from participating stores. The full list of participating stores may be viewed here.
13. E-Gift Credits are non-convertible to cash but are transferrable.
14. E-Gift Credits may be redeemed up to 3 months after the end of Promo period.
15. By joining the Promo, the BPI depositor agrees that the Bank may collect information, such as mobile number and e-mail address, and send the same to Giftaway, for the sole purpose of processing the registration to the Promo and for awarding of e-Gift Credits.
16. All questions and issues arising from the Promo will only be accepted within sixty (60) banking days after the end of the Promo period, or not later than June 30, 2022 as approved by DTI-FTEB. After which, BPI will no longer accommodate disputes.
17. The Bank, in concurrence with DTI, reserves the right to terminate, discontinue or suspend the promo at any time.
18. The Promo is not valid in conjunction with any ongoing promos of Merchant or the Bank.
19. In case of dispute in respect of BPI only and the BPI depositor’s availment of the Promo, the decision of BPI with the concurrence of DTI shall be considered final. However, if the dispute involves the Merchant and its performance and/or delivery of products to the BPI depositors, subject to the General Provisions set out above, the decision of BPI and the Merchant, with the concurrence of DTI, shall be considered final.
20. Terms and conditions governing the use of the deposit products, which are made an integral part hereof by reference, shall likewise be resorted to in instances where they are applicable to this Promo.
You may contact your dedicated officer if you have further questions.
Per DTI Fair Trade Permit No. FTEB-127803 Series of 2021.