Why A College Student Needs A Debit Card, And How To Apply For One

It's convenient and doesn't come with the heavy commitment of owning a credit card.

It’s never too early to think about finances. As college students, our primary source of funds would probably be the allowance our parents give us. It’s then up to us to decide how we spend our baon. Still, there’s already a lot of ways to get creative with the cash we have. For instance, why not try getting a debit card?

So what is a debit card?

A debit card is a plastic payment card linked to a savings account and basically resembles your parents’ ~magical~ credit card. The big difference is that it instead immediately deducts the money you spend from the existing amount your account holds instead of charging it to a line of credit. Simply put, it's like cash in card form. Sounds pretty simple, right? But why should you get one? Here are some reasons to convince you:

They’re convenient.

Having a thin slice of card that doubles as instant money is convenient for students who already have so many things in their bags. A debit card is also extra convenient if you run out of cash. Majority of the establishments (stores, restaurants, and the like) in malls accept debit cards as a mode of payment.

Recommended Videos

The maintaining balance is usually lower than other bank accounts.

What’s nice about debit cards is that, unlike other types of bank accounts, they don’t have to hold a lot of money to prevent the account from closing. Most banks have a minimum maintaining balance of P2,000 to P3,000 for debit cards, so it helps to have an account that won’t require you to keep a huge chunk of money in the bank. Some starter accounts don't even require a maintaining balance at all!

It doesn’t come with the heavy commitment of owning a credit card.

The thing about credit cards is that you’d technically be borrowing money from the bank and you’d be paying them back with annual fees, which means you’ll already be in debt even if you don’t have a job yet. With debit cards, you’ll technically only be spending whatever amount your card contains, nothing more.


It can help you save money.

Out of sight, out of mind, right? If you’re planning to start saving up a small portion of your baon every week, applying for a debit card might be a good place to start. This way, you'll be less tempted to spend the money in your wallet.

How to apply:


Minimum initial deposit: P2,000

Minimum Monthly Average Daily Balance (MADB) Requirement: P2,000

Bring two (2) valid IDs and the minimum amount of deposit to your preferred branch. Fill out the Customer Information Record (CIR). You may also access the form through BDO’s website and fill it out in advance.



Minimum initial deposit: P2,000

Maintaining balance: P2,000

Bring any valid IDs with your photo and signature on it as well as your initial deposit to your preferred branch.


Robinsons Bank

Minimum initial deposit: P2,000


Maintaining balance: P2,000

Bring at least two valid IDs and a 1 x 1” ID photo to your preferred branch and fill out the necessary forms.

Security Bank

Minimum initial deposit: P5,000

Maintaining balance: P5,000

Visit the Online Account Opening page on their website and fill out the form. Once you’ve submitted the complete form, wait a confirmation text message. Bring one primary valid ID or two secondary valid IDs along with the accomplished form to the indicated branch.










About the author
Mylene Mendoza
Candy Staff Writer

Candy Bulletin

What're you up to today? Submit your OOTD, fanfic, essay, school project, org event, a pic of your latest hobby, or anything you want to be posted on the Candy Bulletin page!
Reminder: Posts will be subject for approval by the Candy team, and may be shared on our online channels. Plagiarism and copyright infringement are strictly prohibited. Only original work must be submitted.
Hi, you!
*1st 15 seconds will be uploaded
*File size limit (up to 60MB)
*File size limit (up to 60MB)
Upload Video
*For the direct video upload option, only the first 15 seconds of the video will be uploaded
*File size limit (up to 60MB)

By submitting your post, you agree to Candymag's Terms of Use and Privacy Policy.

Thank you for submitting your post.
You will be notified via email once your entry has been approved by the Candy team.

Submitted posts will be subject to the approval of the Candy Team.

A few reminders:

  1. Candy Bulletin is an online platform where users can upload original work, personal passion projects, and other forms of self-expression, for the purpose of sharing with the community.
  2. You can upload photos of your curated OOTDs, 15-second videos, essays, poems, and more, as long as the submitted work is original, follows copyright laws, and free of any nudity, pornography, or profanity.
  3. You are encouraged to comment on one another's posts, as long as everyone remains respectful.
Submit Another Post
latest on
Napupuyat ka ba because of these groups or are you normal?
The content creator has a few study tips based on her own experience.
Your fave K-pop songs with a Ben&Ben twist!
The two, along with their friends, recently went on an outdoor vacay.
A community page where you can share your feels and show your skills! Learn more here


First. Pixie dust and paper cuts – these are the first things Wendy knew about Peter Pan. Aurora first met Prince Philip when she was sixteen. Learning how to ride a bike was also a first while I was growing up, but you are probably the first of too many. The first collection of dust and stars; maybe Luna will try to ask, who was your first? I might answer and tell her that it was you.

The first of too many stars in the sky. You are the first of too many fallen leaves during fall – and you will be the most anticipated snowflake as winter comes. A dark path that you can’t see without any light, hence, you were once the moon and there are the stars that shine so bright at night. Are we too early? Or we just really want to be ahead of time? Even in a glimpse, I would like to see the two of us connect as if we can reach the sky. There are other parts of the heavens you have never saw and other oceans you haven’t laid your feet onto – but the constellations will always wait for you. Close your eyes, love, close your eyes. Start counting backward: 5, 4, 3, 2, 1. Count backward until you see the twinkling lights that will guide you to the right path. To the right satellite; to the right person. A first.

There are many firsts – first love, first heartbreak, first sport you played, the first thing you do in the morning, the first thing you remember about the person in front of you. There are a lot. It’s actually up to us how we will consider something as a first. So, Primo, you are already a first of too many.

Bea Alamis 3 hours ago

If you know me, and know me well, I am not the biggest fan of idyllic lifestyles. With a Type A personality, I act immediately upon whatever challenge that needs to be addressed. I actually enjoy keeping my mind preoccupied: doing university work in my favourite cafe then running errands around town, grocery shopping here, updating my accounts there, photocopying documents on the way down the street - all just in time before having a glass of champagne at the bar with my friends come evening.

And so, you could imagine my bewilderment when the next challenge to be faced was an extensive self-quarantine protocol. I didn’t know what to do when my greatest responsibility in this situation was to do nothing at all. My first few attempts to combat my consternation were very much rooted in distraction and imagination. My distractions involved conducting research, writing songs, calling family and friends, filming videos, and eating chocolate! My imaginations and fantasies were centred on travelling, shopping, even clubbing (which I rarely do) for when they find a cure to COVID-19. I did anything and everything that could be considered constructive in order to pass the time, mainly hoping I could just undertake the basic human necessities to survive - that is, eat and sleep the day through - until the next day comes, until the world is closer to becoming a better place, until quarantine ends, until my flight follows through, until I see my family and friends again.

Days in self-isolation and suspended flights turned to weeks and turned to months. By the third extension here in Spain where I study Fashion Business, I had to tell myself this shall be my new normal now, that I was blessed to be healthy, that I was tired of merely existing and missed what it was like to actually live - even if just within four walls. Little by little, I began to find significance in the simple occurrences of the day: the soft glare of the rising sun beaming golden streaks through my bedroom window upon waking up, the fragrance of freshly washed bed sheets that I had painstakingly hung to fit a relatively small clothes rack without crumpling them, the crunch and tanginess of warm toasted bread topped with raspberry marmalade, the buzzing sound of a phone call from home just waiting to be answered, to the caress of a fuzzy sweater to keep warm at night. I realised, “What pleasures to be enjoyed in the pause of slow living!” Through this continued pause, which I loathed at first, I began to appreciate each moment of the day rather than wish it would pass more swiftly, moments I had overlooked so often before the lockdown. I started to find that the challenge of self-isolation was never to pause both the regular routines of life as well as the positive emotions that came with these - as initially, I thought it meant to pause all happiness, so as to withstand a time of endurance in hopes for a better tomorrow, much like a form of delaying gratification. Life is just too fragile these days to delay gratification any further.

Life has paused, but it has not stopped. Believe that like any punctuation mark in a sentence, the pause will provide the right timing of things to take place. Till then, let us not waste our time waiting. Instead, we could be in the moment, seek substance in simplicity (that is, in what we already have), And enjoy the pleasure in pause. “Practice the Pause. When in doubt, pause. When angry, pause. When tired, pause. When stressed, pause. And when you pause, pray.”

Pick a sticker to view stories by reaction!