Updated September 26, 2021
Ang BDO Kabayan maintaining balance requirement ay hindi pag-maintain ng balance sa Kabayan account kundi pag-re-remit sa account from abroad. Any remittance amount. Basta merong remittance from abroad.
Once na hindi mo natupad yong remittance policy nila for Kabayan savings accounts, kailangan mo nang sundin yong maintaining balance requirement for regular BDO accounts.
At mabuti naman at inimprove ng BDO ang Kabayan account maintaining requirements:
Kelan nag-start itong changes?
In October 1, 2018
Applicable ba ang new rules sa lahat ng BDO Kabayan accounts?
Applicable lang sa mga ito:
- Active BDO Kabayan accounts as of October 1, 2018
- BDO Kabayan accounts opened in 2018 with at least one foreign remittance
- 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.
If I ask my relative to transfer money online to my BDO Kabayan account from his Philippine bank account, will that maintain my Kabayan account?
NO. It should be remittance from abroad. From overseas.
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 straight 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:
1-800-8-631-8000 (Globe Landline)
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.”
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
Peso Prime Savers — 2,000 pesos
Personal 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
US Dollar Prime Savers — 200 US dollars
Direct Deposit for US Pensioners — None
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.
Also, the US Dollar Prime Savers Account (maintaining balance of US$200) is no longer on their website.
The same with the Direct Deposit account for US Pensioners. Maybe BDO does not relish doing the due diligence and reporting requirements required by the US government under the Foreign Account Tax Compliance Act (FATCA).
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