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?


Add a Comment
  1. Hi Gene, thanks for appreciating my blog — means a lot. Yes, it’s indeed frustrating that BDO and other banks do not notify their customers individually about important changes.

  2. Hi. I have a savings account with 2k maintaining balance. November 6, i withdrew 2k and up until now have not deposited and what’s left in my account is 60 pesos only. I checked my account and it’s still open and the remaining balance has not disappeared. I expect my father in abroad to deposit at least 6K on Jan 2-4. Will this go through for deposit? And if it goes through, will there be a deduction from his remittance? I’ve read from previous comments there’s a remittance fee of 100-200 pesos. And will I be charged for 300 as I have not deposited for almost 2 months?

  3. Hi Jeff, BDO will most likely charge you 300 pesos on Dec 31 or Jan 1 (since based on what you said, you fell below your maintaining balance for 2 consecutive months), and since there’s not enough funds to pay the 300-peso penalty, your account will automatically close. I’m not very sure though, so check again your account on Jan 2, so if your account has been closed, you can advise your father to remit to you for cash pickup and not through your account.
    And yes, BDO usually charges 150 to 200 for depositing foreign remittance to a BDO account.

  4. Ok. I got it now, Thanks a lot Mam. I appreciate it. You’re really a great help, saved me from going to a BDO branch or talking to their customer service. Godbless.

  5. Hello. I wish to have a debit card with mastercard logo for paypal and online business through facebook. Can I apply for debit card even if I’m only 16 years old? Thanks. Atm DebitCard

  6. hi.. i want to open a debit card acc in bdo.. i would like to ask whats the requirement and minimum deposit??? hope u can help. thanks

  7. Hi grmgzm, I advise that you apply for UnionBank Eon Visa debit card — you can use this to verify your Paypal, to accept payments from your customers, and to transfer money to other bank accounts. You don’t have to maintain an amount in your account; just pay 350 pesos per year as your annual fee. You can apply at this UnionBank Eon debit card page.
    Another options is Smart Money Mastercard. You just pay 100 pesos. If your SIM is Globe, you can apply for GCash Amex card.
    All these 3 cards can be used to verify Paypal and pay online. For application, prepare your school ID. Get a barangay certificate when applying for Eon.

  8. Hi pem, the minimum initial deposit and maintaining balance for a BDO atm debit card account is 2,000 pesos. Bring 2 valid IDs and 1 ID picture

  9. sayang, i want BDO because it has lots of branches for deposit and there’s no EON here in our place. Will use it for paypal to buy online sa US. can’t i use debit card from BDO?

  10. I mean, can’t a student get Bdo debit card? i’m concerned that if I use smartmoney, my customers will pay charges for loading. Thanks btw thumbs up for your sobra active blog. You’re helping a lot. Hahaha. It’s already 2015

  11. Hi grmgzm, yes, you can apply for a BDO atm debit card. Upon applying, request for an atm that has the Mastercard logo. Bring your school ID and other valid IDs that you have. Yes, you can also use this to buy online. Previously, this can’t be used to buy online, but now it has been enabled. You’re right about BDO having many branches. But I think BDO is still charging for interregional branch deposit. I hope it’s still 50 pesos and was not increased. It’s BPI that has made their interregional deposit free.
    Thanks for appreciating my efforts, and best wishes to your online business…What’s your sales site, by the way, so I can visit it

  12. Hi… I opened a savings account last 2013 with a maintaining balance of 5000. I never withdraw below the maintaining balance because i knew they will charge me 300 pesos as penalty. Just yesterday,i asked my husband to withdraw the 5000 and to his surprise,only 4700 was left in my account, he then asked the teller about the withdrawal of 300 and they said they changed the maintaining blance to 10,000 and the changes was made just last year and we werent inform about it. Why is the maintaining balance so big? I was told before that only for 2000 you can open an account and that is ur maintining balance but when i was in bdo they told me it was 5000 then now 10,000? Im really confuse.

  13. Hi shine, it’s good that only 300 was deducted, as the increase to 10k started in May 1, 2014. The increase was announced on the BDO website for some months before May 1. There were several account holders who lost much more to penalties. I’m puzzled that you weren’t charged for more. But of course I’m happy for you that you were only charged 300. About notifications, yes, banks should email account holders for major changes, as not all account holders go to the banks’ websites. You can close your passbook account or allow it to close automatically and open an atm-only account, which requires only 2k for maintaining balance.

  14. I am an old BDO depostior with a savings account I have the same concern with shine and I just found out that they have been charging mee the service charge from may up to now.. I never received any notice and why should the increase in the maintaining balance affecf old clients? Are you that desperate to ean money? With all due respectto Ma’am Nora it is never good to lose 300 pesos due to this scheme that BDO is employing. 300 here and there form different clients makes a whole lot of money..”But of course I’m happy for you that you were only charged 300.” Yeah if you lost alot more than I have lost then I’d be happier than you. I already complained and no one could answer my inquiry abouthow the notice was given to clients. Guess BDO is becoming desperate, and desperate acts of banks are not good for any banks image.

  15. Hello, I want to ask if the current maintaining balance for BDO ATM Savings is still 2000? Because that’s what I know before and I would like to confirm if it’s still the same. Since my friend told me that it’s already changed to 10k and I want to confirm if it’s true. Thank you.

  16. Hi Rothee, yes, it’s still 2k. It’s the passbook account whose maintaining balance was increased to 10k on May 1, 2014.

  17. Hello .. I just want to ask if my atm debit card is still active after a year of dormancy? And are there charges? Thank you.

  18. hello maam nora,
    i just wanna ask, kumuha kasi ako ng bdo atm card last december 2014
    ive been active sa pag deposit, but this january kasi nawithdraw ko lahat ng money including the maintaining balance na 2000.
    Hindi ba maco-close yong account ko ngayong buwan?
    im expecting money from my ate kasi from germany, she already sent the money to my bdo account and i am still waiting for it, kaso nga worried ako kasi wala akong remaining balance sa account ko…di naman siguro ma co close ang account ko noh? or ma ba block yung atm ko for not depositing in one month? please help…

  19. Hi ms. Nora, just want to ask, for my account today, my husband deposited 20,000 overseas, as i check mu account, 3.52 was deducted. Would you know the reason? Ive always maintained 2000 on my account.

    Also, for my daughter’s junior account, we maintained 2000 pesos, bht has a deduction of .40 pesos.

  20. Hi juno, you can make a balance inquiry at an atm so you’ll know if your card is still active. If your account became dormant but did not fall below the maintaining-balance requirement, your account is just on hold; you can reactivate it. If you fell below the maintaining balance, it’s likely that your balance is already wiped out. Check your account asap. About dormancy: A savings account becomes dormant after 2 years of no withdrawal or deposit.

  21. Hi! I have a passbook peso savings account with BDO, it was below maintaining balance from july 2013-I have kabayan savings that I’ve been using but I want to remit to my regular account (peso savings account). How much is my penalty if ever? I’m out of the country do I plan to activate my old bdo account. Thanks ;)

  22. Hi Cess, if you were below the maintaining balance since July 2013, then your 300-peso penalty was charged monthly from August 31, 2013, and in 17 months to Jan 2015, that would have totalled 5,100, and if your balance reached zero or negative, your account would have been closed. The maintaining balance for a BDO regular passbook account increased to 10k in May 2014. I think BDO does not activate closed accounts; you have to open a new account. BDO Contact Page

  23. Hi mam nora. I just got my atm debit card yesterday i noticed it without mastercard logo unlike my previous atm debit card in other branch bdo that has been closed 3 months there any possibility i can upgrade or change it to atm debit card with mastercard logo? what should i do? Pls help me.ThankS and GBY.

  24. Hi kimstatic, yes, you can go back to your branch and request for a replacement card, which you might be required to pay.

  25. Hi mrs Nora, I’m planning to open an account at BDO for remittance from my hubby from Doha, but I’ve read there’s a charge by bdo for every remittance to an account? Is it true? And how much is the charge? Is the amount fixed or it depends on the amount of remittance?
    Can I apply for a Kabayan Savings account under my name even if my husband is abroad? Or should my hubby be the one to apply? Thanks, sorry for too much questions. first time to open on bdo.

  26. Hi Chaching, yes, you can open your own BDO Kabayan account. Bring 2 valid IDs, 2 ID photos and remittance receipt (proof that you’re receiving remittance from abroad). Yes, BDO imposes charges on remittance deposited to Kabayan. I don’t know the charge for money coming from Doha, but I know the fee depends on the amount. Recently, I received 20k pesos from Korea through my Kabayan, and the charge was 650 pesos. I received a smaller amount in the past, and the charge was 200+. My sender told me she’d paid remittance fees in Korea. I was planning to call BDO about the charge, but have not called yet.

  27. Hi Ms. Nora, I’m an OFW and recently checked my account in BDO. For 2 consecutive months, BDO has charged me 300 starting Jan to Feb this year. My concern is, I was not informed that maintaining balance for passbook account was increased to 10k (I was only enlightened when I visited this site).My story was, I only fall out short once but why am i still charged 300 per month? Another problem for me is I’m working abroad and I don’t have the convenience of going to any BDO branch to complain. Could you please help me by providing instructions on how to complain and report this? It would be highly appreciated especially to the Filipinos here abroad as I speak. Thanks!

  28. Hi Badz, if you have maintained the previous 5k requirement, you can email BDO and request them to re-deposit the 600 pesos they have charged you for not maintaining your balance. Tell them you were not informed that the required minimum maintaining balance has increased from 5k to 10k. Cite BSP Manual Regulations for Banks Part 2 Section X263 Service and Maintenance Fees. BDO however posted an announcement about their maintaining-balance increase on their website over many months before May 1, 2014.
    To prevent further fee deductions, remit money to your BDO account so you reach the 10k maintaining-balance requirement. It’s now March 8, so you should maintain a balance of about 14k till March 31. You can maintain a balance of 10k and not more as long as your 10k balance starts on the first day of the month. Save your communications with BDO, to support your complaint if you want to ask help from BSP later on. See Consumer Assistance Guide here.

  29. Hi ms, I’m just curious what’s the minimum amount for money transfer. I’m starting my online business on Instagram recently and some of my customers is just going to pay 40php. So, is it possible for them to send me with only 40 pesos?

  30. Hi zawesomebeljang, BDO charges interregional deposit fees, so it would be costly for your customers. You can open a BPI Easy Saver account — no maintaining balance requirement but has 5-peso withdrawal and balance inquiry fee. BPI or BPI Family does not charge interregional deposit fees. Yes, they can deposit 40 pesos at BPI and then ask them to photograph the deposit slip.

  31. Hi po may I ask if it’s possible that another person can use my passbook? I sent my passbook to someone I know so it can be updated in the Philippines, and now I’m afraid he might use my money? thnks po

  32. Hi krung, if that person can perfectly forge your signature (your signature in your account opening form), he can withdraw from your passbook using your passbook and a withdrawal slip. But usually banks ask for valid IDs if they see even a little but significant discrepancy in the signature. Does this person have a good job there and still has a long contract? Then it’s most likely he will not sacrifice that, and he won’t do anything bad.

  33. Hellow may how to reactivate a dormant account ofw act po sa pnb bt wl ok dito place nmin ang pnb so paano po ang remedy para maactivate po ung dormant account pwe’re po ba ung mgremit nlng na direct to the account so that we can activate?

  34. Hellow may how to reactivate a dormant account ofw act po sa pnb bt wl kc dito place nmin ang pnb so paano po ang remedy para maactivate po ung dormant account pwede po ba ung mgremit nlng na direct to the account so that we can activate?

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Working Pinoy © 2008-2014 Frontier Theme