Savings Accounts in the Philippines with the Lowest Maintaining Balances

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  1. Hi again po. Thanks for the advice po.. Can I ask What is the information about the union bank eon visa debit card? Thanks po

  2. Hi Grimme, a debit card is an atm card that you can use at a store or supermarket that has a card-swipe system. It can also be used for shopping online if it’s linked to Mastercard or Visa. It is different from a credit card because you need to put money into your debit card account before you can use it for purchase. Yes, you can save in a debit card account, and after accumulating maybe 50k, put it in a time deposit so your money will earn more. Here’s information about Union Bank EON Visa Debit Card. Be careful about your account because with this account, you can send money online to anyone with a bank account. Guard your account from hackers.

  3. Hi Grimme, yes, your savings will earn interest, but sad to say, interest rates for savings account are so small, near zero. Just think that your goal is to save, forget the interest. Save until you accumulate maybe 50k, and then put it in time deposit (auto-renewal). Just go to your bank and say “May I put into time deposit my money here in this account?”

  4. Thanks po sa advice. Mgtatanong po ulit ako, kpag po ba ngipon ako sa Bangko lalaki po b yung pera sa loob ng card?
    Thank you po..

  5. Hi I would like to open a dollar account. What bank/s can you suggest can you suggest with lowest maintaining balance or with least amount to open an account? Thank you

  6. Pwede ba magdeposit ng cheke sa account na may maintaining bal na 500 pesos? Sa rcbc landbank or maybank? Thanks

  7. Hi Ehzhie, yes, because they are savings accounts. Ang hindi lang puede for checks ay yong cash card — walang account no., cash card no. lang

  8. Gusto ko po mag open ng savings account paano po mag paopen ng savings ? First time ko po kasi para po sa future po namin

  9. Hi Rejane, I’m glad that you asked and you want to start saving. Kelangan talaga mag-save. Ang kelangan lang naman is valid ID. Minsan gusto nila 2 IDs, pero puede namang 1 valid ID lang kung ang meron ka is SSS ID, driver’s license or passport or PRC ID. Kung wala ka pa, apply for a digitized postal ID sa post office nio (yong new card, hindi yong nilalaminate). Magdala ka rin ng 2 1×1 or 2×2 ID pictures. Yong iba gusto rin nila ng bill like Meralco or water bill in your name to prove your address. Minsan they also ask your TIN no. Kung wala ka pa, sabihin mo lang, mag-a-apply ka pa lang for your TIN ID. Bring these requirements, then punta ka lang sa new accounts teller (usually yong mga nasa lower tables), ask lang the guard. Then sabihin mo lang sa teller “puede pong mag-apply ng atm savings account?” as you present your requirements.
    Para madali lang magdeposit, choose a bank near your house or your work place. Any BSP-licensed bank is okay, kahit rural bank. Itanong mo lang dito kung may duda ka about a certain bank. Ngayon naman, insured by PDIC ang bank savings, up to 500,000 pesos.
    Start ka muna sa mga mabababa ang maintaining balance, like BPI Family atm savings (1,000 pesos to maintain, meaning dapat laging 1,000 or more ang nasa account mo everyday, hindi mo winiwidro). Oks lang to be below 1,000 sometimes, pero dapat in other days, much more than 1k ang laman para mahabol na 1k or more ang average daily balance for the month. Yong BDO, maintaining balance ng atm savings nila is 2k. Yong sa Landbank, 500 pesos. Yong sa BPI, 3k. Tanong ka lang uli if you have other questions. May post ako dito: Tips for opening a bank account

  10. Hi mrs Nora may kabayan savings account po aq knuha q nung nag pesos aq last august 27,2016 at hinulogan q na po nung december16,2016 kaso po mam nadala q dto Kuwait ang passbook q at ATM mam dpo na update ang hinulog qng pera.kc.ngapo andito sa akin ang passbook dala q.mam dpo ba mawala ang hinulog Kong pera sa bank account q khit dpo na update?mam kylangan q po ng sagot nyo pls

  11. Hi berlin, kahit hindi naka-post sa passbook mo ang padala mo, naka-post naman doon sa master records sa BDO ang pera mo, so hindi mawawala yon, basta natanggap ng BDO ang padala mo, at basta BDO remittance partner yong pinagpadalhan mo. Meron kang reference number? Try mo nga dito kung ma-track mo pa yong padala mo: BDO Remit Status Inquiry

  12. Hi tanong ko po, paano po mag-open ng students savings account at maybayad po ba ito kung mag apply?! Need ko po para sa future

  13. bakit po ganun nman po di mkuha ng aswa ung pindala pera s bpi bank angono ano po bang problema s account number po un.

  14. Hi Arnold, merong hindi magkatugma, kaya hindi makuha. Saan ba nagpadala ang sender? Sa BPI account? or sa tao for cash pickup at BPI? Kung sa BPI account, dapat magkatugma yong BPI account number at account name na isinulat ng sender at sa BPI records. Makukuha ang pera through the atm ng receiver. Puede rin sa counter kung passbook account.
    Kung ang padala ay FOR CASH PICKUP, present IDs. Dapat magkatugma exactly yong name sa remittance document at name sa ID ng receiver. Kung merong mali sa account name or account number, dapat bumalik yong sender sa pinagpadalhan ng pera at gawin ang correction.

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