Updated July 28, 2018
Monitor your BDO savings and checking accounts to avoid BDO account penalties. 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.
Accounts falling below maintaining balance for two consecutive months will be charged 300 pesos on the last business 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.
About dormant accounts:
Magiging dormant ang savings account kapag walang deposit or withdrawal sa loob ng 2 years.
Magiging dormant ang checking account kapag walang deposit or withdrawal sa loob ng 1 year.
Kapag naging dormant ang iyong account, iho-hold siya ng bank. Hindi ka muna makapag-deposit or makapagwidro o makapag-online transaction up to the time na mare-reactivate mo ang account. Punta ka lang sa BDO branch mo with your IDs to reactivate your account.
Buti na lang binabaan nang husto ng BSP ang monthly penalty for dormant accounts.
Imbes na 300 pesos, 30 pesos na lang. At imbes na mag-start ang penalty after 2 years of dormancy, ngayon ay after 5 years!
Dormant accounts below the maintaining balance will be charged 30 pesos for every month after 5 years of dormancy until it is reactivated. Pag hindi ma-reactivate, tuloy-tuloy ang 30-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.
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 at least one 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.
If your Kabayan dollar savings account is converted into a regular US dollar account, your maintaining balance requirement will be 500 US dollars.
Junior Savers — 100 pesos
Prime Savers — 2,000 pesos
Optimum Savings — 30,000 pesos
Direct Deposit Peso Savings — None
Peso checking — 5,000 pesos
Smart Checking (Personal) — 15,000 pesos
Smart Checking (Business) — 25,000 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.
GBP (British pounds) Savings — 200 pounds
Below-maintaining-balance penalty for GBP savings account is 1 pound
Note on Power Teens Club account with maintaining-balance requirement of 2,000 pesos:
Power Teens Club account has apparently been discontinued. I can no longer see it on the BDO website
BPI, BDO, or Metrobank Fees — Why Keep Paying Them?
Ano ang Maintaining Balance? o Minimum Monthly Average Daily Balance?