BDO Deposit Accounts — Baka Maubos Imbes na Lumago

Updated May 6, 2014

Monitor your BDO savings and checking accounts, and all your other bank accounts, and make sure:

  • your accounts do not fall below the required maintaining balance
  • you do at least one deposit or withdrawal within one year for checking accounts, and within two years for savings accounts.  This is to avoid dormancy charges.

Dormant accounts below the maintaining balance will be charged 300 pesos for every month starting from dormancy until it is reactivated. Pag hindi ma-reactivate, tuloy-tuloy ang 300-peso monthly charging hanggang maubos ang account balance at ma-close na ang account.

To reactivate your dormant account, you need to present yourself at your branch with your valid IDs.

Accounts falling below maintaining balance for two consecutive months will be charged 300 pesos on the last day of the second consecutive month.

If on the 3rd month, the account is still below the maintaining balance, another 300 pesos will be deducted. The charging of 300 pesos will continue every end of the succeeding months until the account balance is wiped out, or until the account is restored to the maintaining-balance level.

Maintaining balance requirements for these BDO accounts:

ATM peso savings account — 2,000 pesos

Passbook peso savings account — 10,000 pesos

Kabayan peso or dollar savings account — None, but you need to make at least 1 remittance from abroad every 12 months.
If your account does not get 1 remittance from abroad within 12 months,
your account is automatically converted into a regular passbook account,
which requires a maintaining balance of 10,000 pesos).

Junior Savers — 100 pesos

Power Teens Club — 2,000 pesos

Prime Savers — 2,000 pesos

Optimum Savings (Personal) — 30,000 pesos

Direct Deposit Peso Savings — None

Peso checking — 5,000 pesos

Smart Checking (Personal) — 15,000 pesos

Checking Account with Automatic Transfer Facility — 25,000 pesos
(Below-maintaining-balance penalty for this account is 500 pesos)

US Dollar Savings — 500 US dollars

Prime Savers Dollar — 200 US dollars

Direct Deposit Dollar Savings — None

For above US dollar accounts, below-maintaining balance penalty is 5 US dollars.

 

Related Articles:

BPI, BDO, or Metrobank Fees — Why Keep Paying Them?

Ano ang Maintaining Balance? o Minimum Monthly Average Daily Balance?

556 Comments

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  1. Does kabayan po have the mastercard logo on the atm card? In how many days can I claim the card? Thanks po :) urgent po

  2. Hi Sheena, when opening your Kabayan account, request that your atm card has your name and linked to Mastercard. If you don’t make the request, usually they issue the generic card. You might be able to claim your Mastercard-linked card within 7 business days.

  3. Hi Annette, for the atm-only card, the initial and maintaining balance is 2,000 pesos. When opening, request for a Mastercard debit card because the default card is the non-Mastercard card.

  4. Hi Ms. Nora! Pa-advice naman po, ang kaso first time ko magkaroon ng savings account na BDO passbook with ATM… nasanay ako sa mga bank accounts ko before na ATM lang at 2000 ang maintaining balance so hindi ko gamay gumamit ng passbook. Few days ago nag-deposit uli ako sa passbook account ko at pagkauwi ko nireview ko yung laman ng passbook record ko at laking gulat ko sa dami ng service charges na nagreflect sa account ko, pitong buwan na sunod-sunod na 300 na penalty (from July 31, 2014 – January 31, 2015). Pero nauna ng nagkapagdeposit ako ng 12000 noong January 28, 2015 kaya nahinto ang penalty, pero unfortunately hindi ko dala that time yung passbook ko kaya hindi ako nakapagpaupdate kaya hindi ko nalaman agad na nagkakaproblema na pala ang account ko sa dami ng penalties. Ang pagkakaalam ko kc 5000 lang ang maintaining balance dapat ng account ko dahil yung ang pagkakatanda kong sagot sa akin nung nag-inquire ako sa banko ko, yun pala mali ako dahil sa pag-check ko sa website ng BDO 10000 pala dapat ang maintaining balance sa account ko. Kung alam ko lang hindi ko naman hahayaang macharge yung account ko ng ganyang kalaki, nanghihinayang talaga ako sa laki ng penalty sa akin… seven consecutive months 2100 din yun, meron pa po bang paraan sana para mabawi ko pa yung mga charges na yan? Additional details: June 2013 ko po inopen itong BDO account ko and still a student kaya nanghihinayang talaga ako sa perang nawala sa akin…. sana po matulungan nyo ako. Thanks!

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