Updated July 28, 2018:
In May 2014, the maintaining balance for a regular BDO passbook account was increased from 5,000 pesos to 10,000 pesos.
If you fail to maintain your account for 2 straight months, you will be charged 300 pesos starting from the second month and every month thereafter until you restore your account or until your account is automatically closed.
If your BDO passbook account is a BDO Kabayan savings account, your maintaining balance requirement is still ZERO. But you need to make at least one remittance from abroad every 12 months to your Kabayan account.
What happens when 12 months have passed and your account had no foreign remittance?
After 12 months have passed and your Kabayan account has not received any remittance from abroad, your Kabayan account will be converted into a REGULAR passbook savings account. This regular passbook account requires a monthly average daily balance of 10,000 pesos.
Previously, it was only 5,000 pesos; since May 1, 2014, it has been 10,000 pesos.
If your Kabayan account has been converted, and you are not able to maintain the 10,000-peso maintaining balance for two straight months, 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 10k BDO Kabayan 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 10k monthly average daily balance agad.
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
You can also use the BDO Contact Page.
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
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
Note: The Power Teens Club savings account, which had a maintaining balance requirement of 2,000 pesos apparently has been discontinued as it’s no longer described on the BDO website.
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