The Bank of the Philippine Islands (BPI) branch at the Philippine Stock Exchange in Ortigas, Pasig City kindly provided me with the list of requirements on how to claim the funds of a depositor who has passed away. Please note that copies of all the listed documents must be submitted to BPI, so, make sure you have xeroxed copies of the originals when you visit the bank.
I. If the BPI depositor (whether Filipino or foreigner) died WITHOUT A WILL (intestate) AND has NO debts:
II. If the BPI depositor (whether Filipino or foreigner) died without a will (intestate) AND has debts,
OR the BPI depositor (whether Filipino or foreigner) died WITH A WILL:
I. If the BPI depositor (whether Filipino or foreigner) died WITHOUT A WILL (intestate) AND has NO debts:
- Certified true copy of the death certificate
- Affidavit of Sole Adjudication (if only one heir) OR Extrajudicial Settlement (if more than one heir)
- Affidavit of Publication proving the Sole Adjudication or Extrajudicial Settlement has been published in a newspaper of general publication once a week for three consecutive weeks
- BIR Tax Clearance OR Certificate of Payment of Estate Taxes OR Certificate of Exemption to Pay Estate Taxes
- Certified Marriage Contract OR Birth Certificate to prove heir's relationship with the deceased
- Special Power of Attorney in case the heirs are being represented by a third party
- Government issued IDs to prove identification
- Indemnity Agreement
- Option 1 Indemnity Agreement with Assignment of Deposits in favor of BPI for a period of two (2) years, the condition of which is the funds cannot be released until AFTER the lapse of the period of the assignment.
- Option 2 Indemnity Agreement with the BOND equivalent to the value of the deposit account. The bond should be valid for two (2) years from the date of last publication of the Sole Adjudication or Extrajudicial Settlement, in which case, the funds can be IMMEDIATELY RELEASED.
II. If the BPI depositor (whether Filipino or foreigner) died without a will (intestate) AND has debts,
OR the BPI depositor (whether Filipino or foreigner) died WITH A WILL:
- Court Order (Original copy with seal of the probate or settlement court; OR, if the will was probated abroad, an order from a competent Philippine court allowing such will.)
- BIR Tax Clearance OR Certificate of Payment of Estate Taxes OR Certificate of Exemption to Pay Estate Taxes
- Special Power of Attorney in case the heirs are being represented by a third party
- Government issued IDs to prove identification
- Indemnity Agreement
- Option 1 Indemnity Agreement with Assignment of Deposits in favor of BPI for a period of two (2) years, the condition of which is the funds cannot be released until AFTER the lapse of the period of the assignment.
- Option 2 Indemnity Agreement with the BOND equivalent to the value of the deposit account. The bond should be valid for two (2) years from the date of last publication of the Sole Adjudication or Extrajudicial Settlement, in which case, the funds can be IMMEDIATELY RELEASED.
For inquiry lng po, if amount of deposit is only P14k below required pa rin BIR Certification of Estate Tax payment?Pls waive nlng po pandemic situation no answering from BIR. Thank u.
ReplyDeleteDami mga requirements kawawa naman yung nanay ko senior na dami pa pinapaasikaso. Yun naman pala may bagong batas diyan. Yung train law. Ang kailangan lang yung 1904 nung deceased sa bir tsaka death cert tsaka yung affidavit na inaauthorize yung bank na magprocess para sa estate tax na 6%. Pinahirapan pa kami na kailangan ng surety bond ekek ang mahal ng babayaran. Parusa ginagawa nila nagpublish pa sa diyaryo 3 beses tapos kailangan pa daw iparegister sa registry of deeds yung extra judicial ekek ulit na yung dalawang kapatid ko nagpadala ng spa nila pareho na nasa abroad pinadala laki din gastos. E hello, konti lang naman laman ng account sa bank pinahirapan pa nila nanay ko para makuha. Pandemya nga bawal sila lumabas. Kaya nakakawalang gana tuloy magdeposit pagkatapos kapag nakuha na namin yung laman ng bank account ng tatay kong namayapa. Icocolose na din ng mama ko yung account niya sa banko. Pakiramdam ko pinapahirapan nila mga tao para wag na asikasuhin yang sandamakmak na requirements para kanila na lang yung pondo. Nakakahigh blood. Mama ko nga nahigh blood na sa mga banko na yan. Sa bpi 38k at sa metrobank 75k. Papahirapan pa nila ng ganyan dami pa gastos sa abogado at sa paglalakad ng mga yan. Di na lang nila sabihin ganito yan maam ito laman ng account ninyo at ito ang proseso para makuha ang laman. Kung gusto ninyo makuha ang laman ng account dadaan muna kayo sa maraming sakit ng ulo, maiistress kayo at kapag nastress kayo maoospital kayo tapos kapag naospital kayo ito ang magagastos ninyo mas malaki pa sa laman ng bank account. Ngayon mamili kayo kukunin nyo pa ba o idonate nyo na lang sa amin
Deletegrabe nagastos , Bir lang umabot na 40k binyaran, pagdating s ROD another40k plus heirs.bond na 9600, dami.pa.mga affidavit.hiningi, pinahirapn kami.ng husto
DeleteGanyan din po nangyayari sa amin ngayon, mahigit isang taon ng patay ang tatay ko at nakuha narin namatay ng nanay ko hirap parin kaming ma kolekta ang perang ipon ng aking tatay sa BPI.. saan po ba makakakuha ng Heir's Bond at magkano po ba ang presyo..
Deleteask lang po na matay po husband ko last october 08 tapos simula ng nawala husband ko ndi ko ginalaw BPI ATM nia last saturday december 18 na capture po ATM nia ask ko lang po wala po bang ibang way to get the money?15k laman..baka sa dami ng requirements abonado pa ako bago ko makuha ung pera ng asawa ko..=( salamat po sa sasagot
Delete5k lang naman po ang laman sa BPI account ng mama ko, need pa po namin I publish sa dyaryo?
ReplyDeleteif may ATM si nanay mo widraw nyo na lang lahat yun, pag wala na movement sa bank, auto close na yan. Kesa ganyan mag publish ka pa sa dyaryo mas malaki pa gastos mo sa laman sa bank
DeleteKaya nga.. Nakakahigh blood tlga. Dami requirements ng bangko.. Hindi pa makuntento sa Gov. ID, Birth Certificate, Death Certificate..picturan lng nila yung nag claimant.. Kesa kuha pa ng affidavit of publication, Surety Bond etc... Tpos ang laman lng ng bank account nsa 10k.. Tpos ang tgal mo pa mkukuha.. OA masyado ang requirements nila. Sinasadya tlga para d makuha.. Eh paano yung no read and write? Mas lalo mahihirapan s requirements nila. Kaya imbis ganahan ka mag impok sa bangko.. Mapapaatras k n lng..kasi gnyan pla sistema nila. 😂😂😂.. Ayw ko n mag bangko pa. Ang bangko mkinabang ng perang pinahirapan mo. Pag namatay ka, pahihirapan lang ang magmamana. Pag di naclaim kukunin nmn ng government after 10 yrs..
ReplyDeleteYes. Sna pgaralan Ng central bank at iregulate Nila mga requiremts na sobrang OA, Hindi nmn million Ang claim at pera Ng immediate family yun, phirapan ka p sa pgkua aside from 6 percent tax sa dami Ng gastos mo sa claim, halos 80 percent na lng ang mkkuha mo minus all expenses incurred bago irelease.
ReplyDeleteRCBC sobrang dami require menta kya choose wisely sa bangko..
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ask lang po na matay po husband ko last october 08 tapos simula ng nawala husband ko ndi ko ginalaw BPI ATM nia last saturday december 18 na capture po ATM nia ask ko lang po wala po bang ibang way to get the money?15k laman..baka sa dami ng requirements abonado pa ako bago ko makuha ung pera ng asawa ko..=( salamat po sa sasagot
ReplyDelete