BDO Kabayan Maintaining Balance Requirement Has Changed

Na-extend na to 24 months ang chance for BDO Kabayan account owners to remit from abroad to their Kabayan accounts para ma-maintain ang Kabayan status ng account.
Kaya huwag mong sayangin ang effort mo na nag-open ng account. Mag-remit ka from abroad to your Kabayan account at least once in 24 months.
Kung mapalampas mo ang mahabang pagkakataon na yan na mag-remit kahit minsan lang in 24 months, automatic na mako-convert ang Kabayan account mo into a regular ATM savings account.

Mabuti na lang na ang conversion ay sa ATM savings account na which requires only 2k pesos for maintaining balance. Dati ang conversion ay sa passbook account na ang maintaining balance requirement ay 10k pesos.

Kelan nag-start itong changes? In October 1, 2018

Pede bang pang-maintain ang deposit over-the-counter or online transfer from another bank account?

Hindi. Dapat remittance from abroad to the Kabayan account. Foreign remittance. Dapat padala mula sa ibang bansa.

Applicable ba ang new rules sa lahat ng BDO Kabayan accounts?

Applicable lang sa mga ito:

1. Active BDO Kabayan accounts as of October 1, 2018
2. BDO Kabayan accounts opened in 2018 with at least one foreign remittance
3. BDO Kabayan accounts opened on or after October 1, 2018

Again, what is the maintaining requirement for a BDO Kabayan account after October 1, 2018?

You need to make at least one remittance from abroad every 24 months to your Kabayan account.

What happens if my BDO Kabayan account has no foreign remittance after 24 months?

After 24 months have passed and your Kabayan account has not received any remittance from abroad, your Kabayan account will be converted into a REGULAR atm savings account.  This regular account requires a monthly average daily balance of 2,000 pesos.

If your Kabayan account has been converted, and you are not able to maintain the 2,000-peso maintaining balance for two consecutive months (2 months na magkasunod), your account will automatically have a deduction of 300 pesos at the last business day of the 2nd month, and then every month thereafter that your account is below the 2k maintaining-balance requirement.

Puedeng maubos ang balance mo kung hindi mo mawidro ang natitirang balance o kung hindi mo ma-restore ang account mo to the 2k monthly average daily balance agad. 

For more information:

Hotline 24/7: +632 8631-8000
Toll-Free Nos within the Philippines:
1-800-10-631-8000 (PLDT)
1-800-3-631-8000 (Digitel)
1-800-8-631-8000 (Globe Landline)
1-800-5-631-8000 (Bayantel)

International Toll-Free Nos.:
BDO: (International Access Code) +800-8-6318000

BDO Facebook page: https://www.facebook.com/BDOUnibank

via Your Facebook Messenger: On your FB Messenger, search “BDO Customer Care”. Make sure it’s the official page by looking for the blue checkmark next to “BDO Customer Care.”

Email: callcenter@bdo.com.ph

You can use email for the following urgent concerns: reports of a lost or stolen card, transaction disputes or incidents of potential fraud.

In the E-Mail Subject, write “Bank” for checking account, savings account and other banking related concerns, or “Credit Cards” for credit card related concerns.

• You may temporarily lock your credit or debit card through the security management tab on your BDO Online Banking or BDO Mobile App
• Call the BDO Customer Service Hotline at 8631-8000 to report your lost or stolen card.

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

Personal Optimum Savings Account — 30,000 pesos

Business Optimum Savings Account — 30,000 pesos

Regular Peso Checking Account — 5,000 pesos

Personal Smart Checking Account (Statement)  —  15,000 pesos

Personal Smart Checking Account (Passbook) — 25,000 pesos

US Dollar Savings Account  —  500 US dollars

Direct Deposit for US Pensioners — None

Notes:

The Power Teens Club savings  account and the Prime Savers account apparently have been discontinued as they’re no longer described on the BDO website.

About the Direct Deposit account for US Pensioners, just visit a branch and ask if they’re still offering this account. For accounts owned by US citizens in the Philippines, there are due diligence and reporting requirements required by the US government under the Foreign Account Tax Compliance Act (FATCA).

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