Updated May 22, 2014:
As of today, May 22, 2014, the maintaining balance for your BDO Kabayan savings account is still ZERO. But you need to make at least one remittance from abroad per year or per 12 months to your Kabayan account.
What happens when 12 months pass and your account has no foreign remittance?
After a year passes and your Kabayan account has not received any remittance from abroad, BDO will convert your Kabayan into a REGULAR passbook savings account. This regular passbook account requires a monthly average daily maintaining balance of 10,000 pesos. Dati, 5,000 pesos lang; starting May 1, 2014, naging 10,000 pesos na.
If your Kabayan has been converted, and you are not able to maintain the 10k maintaining balance for two consecutive months, your account will automatically be debited with 300 pesos at the last day of the 2nd month, and then every month thereafter that your account is below the 10k maintaining balance requirement. Puedeng maubos ang balance mo kung hindi mo mawidro ang natitirang balance o kung hindi mo ma-restore to the 10k monthly average daily balance.
Note: Somebody commented here that his BDO Kabayan account was closed after 6 months of no remittance. So before you remit to your Kabayan account, ask your family to test your BDO account if it’s still active by making a Balance Inquiry at a BDO ATM. Or better, call the BDO call center and ask if your account is still active.
BDO Hotline: 631 8000
Monthly Average Maintaining Balances for Other BDO Accounts:
Passbook Peso Savings Account
(with or without ATM) — 10,000 pesos
ATM Peso Savings Account (No passbook) — 2,000 pesos
Junior Savers Club – 100 pesos
Power Teens Club – 2,000 pesos
Peso Prime Savers — 2,000 pesos
Personal Optimum Savings Account — 30,000 pesos
Personal Smart Checking Account – 15,000 pesos
US Dollar Savings Account – 500 US dollars
US Dollar Prime Savers — 200 US dollars
Direct Deposit for US Pensioners — None
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