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.

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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

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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.”

They say time heals all wounds, but it has been ages - is heartbreak exempted?

I have forgotten when was the last time we shared a smile - the last time when I saw the glow in your eyes and the last time when you whispered an I love you to me. I have forgotten when, but here I am - writing to you again.

I do not know if you will read this or you will just add this one to my proses and poems that you left unread, but you see, I am still hoping. I am mailing the pain of us to the gods out there - hoping they can take the pain away. I should have gotten over you, but instead of forgetting and accepting our ending, I am writing about us in tissue sheets, carving about us on trees, telling about us on the back of my journals, hoping that a thousand or a million write ups about us, can make me forget about what happened.

I am writing, waiting for the point where I can no longer write anymore, for I have none to tell - but when? I have nothing in me anymore, but the memories of us - and no matter how hard I try put those to its own grave, the memories grow back like lilies in the swamp - painful and beautiful at the same time.

No matter how hard I try to silence those and put it at the back of my mind, those ring back, playing like the favorite song we used to listen. They say heartbreaks turn into poetry and that is what happening to us - but poetry should be dulcet and dreamy, why does ours sound like pain and agony? They say time heals all wounds, but it has been ages - is heartbreak exempted? Darling, I guess not.

Anne Luna A day ago
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