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?

465 Comments

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  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.

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