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.