4.13.2012

What Is Maintaining Balance in Bank Accounts?

By Nora
Updated Sep 18, 2014

What Is Maintaining Balance in Bank Accounts?

Why do we get a penalty of 300 pesos or more every month for NOT maintaining the Minimum Monthly Average Daily Balance for 2 consecutive months?

What is this Minimum Monthly Average Daily Balance (MADB)? or Maintaining Balance?

Maintaining Balance is the Minimum Average Daily Balance we should have in our savings account or checking account every month.

Why is there a Maintaining Balance requirement?

The banks say they spend money to handle our accounts, so they must make some profit from our accounts, and therefore, according to them, we should maintain a certain minimum amount of money in our accounts.

The banks check our balances, not everyday, but every end of the month. They compute the average balance for 30 days or 31 days of the month -- that's why it's called Monthly Average Daily Balance (MADB).

They consider the end-of-day balance. If our balance in the morning is 10,000 pesos, and at the end of the day, our balance is 15,000 pesos, they consider 15,000 pesos.

If the required Maintaining Balance is 2,000 pesos, do we need to have 2,000 pesos in our account everyday?

Yes, so that we don't have to think about maintaining balances.  :)

But we can have less than 2,000 pesos in our accounts some days, as long as we deposit much more than 2,000 pesos in other days, so that when the MADB is computed at the end of the month, the MADB is still 2,000 pesos or more.

Example:
Your savings account has a balance of 2,000 pesos.
The required MADB  is 2,000 pesos.
The penalty for falling below MADB for 2 consecutive months is 300 pesos.
You withdrew 500 pesos, resulting in a balance of 1,500 pesos.
Will your balance be reduced by the 300-peso penalty?

Can be Yes, can be No.

If your balance remains 1,500 pesos over 2 consecutive months, your balance will be reduced by the 300-peso penalty at the end of the 2nd month.

But if you deposited high amounts of money in other days, so that your MADB at the end of the month is 2,000 pesos or more, then your account will not be penalized.

Or even if you fell below MADB for the first month, but you reached your required MADB on the second month, you will not get the penalty.

How do banks Compute MADB?

They add the end-of-day balances for all the days of the month,
and then divide the TOTAL by the number of days of the month
(divided by 30 or 31 or 28 or 29).

Example: April has 30 days:
For the first 5 days of the month, your balance everyday was 2k.
then for the next 20 days, your balance everyday was 1k
and for the last 5 days, your balance everyday was 3k

5 days x 2k = 10k
20 days x 1k = 20k
5 days x 3k = 15k
10k plus 20k plus 15k = 45k

45k divided by 30 days = 1,500 pesos

Your MADB is 1,500 pesos

Obviously, that's below the 2k minimum MADB.
If for the next month, your MADB is still below 2k, then your account balance will be reduced by 300 pesos.

Another example: March has 31 days
First 5 days, balance everyday is 2k = 10k
Next 10 days, balance everyday is 1k  = 15k
Next 16 days, balance everyday is 3k = 48k
10k plus 15k plus 48k =  73k
73k divided by 31 days = 2,354.84

Your MADB is 2,354.84.

That's above the 2k required MADB. That means you have maintained your account, so there will be NO penalty.
And that means you are on your way to saving a LOT of MONEY if you continue to deposit and NOT withdraw.

Peso Savings Accounts for OFWs, Usually Zero or Low Maintaining Balance

US Dollar Accounts with Low Maintaining Balances

What is Maintaining Balance in Bank Accounts?
Minimum Average Daily Balance (MADB)

151 comments:

  1. Good day po. This page has been very helpful. Tanong ko lang po, dahil ilang months na rin po ang BDO nag service charge sa account ko.. Kung formally ko pong iko-close yung account ko by going to the branch personally dahil hindi ko na po naaabot yung MADB, pababayarin pa po ba nila ko ng 300pesos? I'm planning po kase na i-withdraw muna lahat nung balance bago pumunta sa branch at ipa-close yung account, saka na lang mag-open ulit ng panibago sa another branch kapag sufficient na po yung pera ko..

    ReplyDelete
  2. About 300-peso penalty:
    QUESTION from Anonymous:
    Good day. This page has been very helpful. BDO has been deducting service charges from my account for some months. If I formally close my account by going to the branch personally as I have not reached the MADB, will they charge me 300 pesos? I'm planning to withdraw all my balance before going to the branch to close my account, and then open a new account at another branch when I have sufficient money.
    ANSWER:
    It's now the 29th. Yes, you better withdraw all your balance today before another 300 pesos is deducted from your account at the end of day on Nov 30. That's tomorrow. If there's 30 to 90 pesos left (since we cannot withdraw less-than-100 peso amounts via atm), if you like, you can use your atm to buy something worth 30 to 90 pesos from Save More and use your BDO atm to pay it. Assuming you have withdrawn your balance, when the 300-peso fee is charged at end of day on Nov 30, your balance becomes negative, and your account will automatically close.

    ReplyDelete
    Replies
    1. Hi po mam nora nag open po ako ng passbook account sa bpi 2013kaso wala pa akong na pera yun lang 10000 nabinayad ko pag open .tapos balak ko pong maghulog ngayong 2015 o di kaya 2016 nandito po ako sa us ano po ba mangyayari sa passbook account ko..

      Delete
  3. Question lang po about Bancnet, any member bank po ba like Allied Bank or EastWest, basta nakalagay sa atm yung logo ng bancnet, free ng charge pag nag-withdraw dun?

    ReplyDelete
  4. QUESTION..I rent a vault in banco de oro the fee is 700..a year. i have an account of 7500 ..every year they deduct the fee to my account.that ok.i dont have the time to go to the bank.my last visit 2011..now 2014 i update my account . i have 5400 left in my account..but in my suprise they charge me 300 starting june 2014..6x..total 1800.so my acccount dwendel to 3600..is that right..i have 5400..the maintaing balance in 5000.do they have the right to service charge me..?PS THEY DO SENT NOTICE.THEY JUST DO IT.---BAMBOO

    ReplyDelete
  5. Hi bam de dios, sad to say that BDO increased the maintaining balance for passbook accounts to 10k pesos since May 1, 2014. It was announced on their website for many months before May 1. It's frustrating that BDO did not notify their clients individually through email or mail, based on similar complaints that were sent to our blogs. You'll be deducted with another 300 pesos this Dec 31, making your total penalty add up to 2,100 pesos. You should deposit today or tomorrow at least 6,700 pesos, so your average daily balance starting Jan 2015 will be 10k or more, and so your penalty will stop in Jan 2015.
    I would have advised you to close your account today, but you said you have a vault with them, and I don't know the details of your vault agreement.

    ReplyDelete
  6. About ATM withdrawal fees at Bancnet atms: ATM withdrawals are free only if you're withdrawing from the machine owned by your bank.
    EON atm cards are charged for ATM withdrawals even if you use UnionBank machines.
    If you withdraw from the machine owned by another bank, even if Bancnet member, you'll be charged.

    ReplyDelete
  7. Hi Mam Nora, hope everything's fine with you, I would like to ask regarding my BDO account(passbook), I opened it last April 2013, that time the minimum balance is 5,000,I also send small amount to add in my saving,then little did I know, my account has already deduction for almost 1500, its because that the maintaining balance last 2014 increase to 10k, so what I did I send 1,100 in pesos in order to reach 10k as the current minimum balance, that was last August 2014, now My question is, do I still have penalties? how can I check if my bank account if still active? because now im planning to send money on my account. Please advise
    Your response is highly appreciated.

    ReplyDelete
  8. QUESTION about frequency of deposit, December 31, 2014
    Is it required for a depositor to deposit monthly? For example, the balance of 2,000 is retained and it's not withdrawn, and the account owner deposits only in months when they have money to deposit. There's no withdrawal. atm savings account. thanks. God bless.
    ANSWER:
    Yes, as long as you maintain your required minimum monthly average daily balance (MADB), you can miss depositing for several months. If your atm savings account is with BDO, the MADB is 2k. Do not touch your 2k; leave it in your account, and then deposit only when you have money to deposit. But don't let your account sleep for 2 years. An account without deposit or withdrawal within 2 years will be considered dormant and will be put on hold. Check also from time to time if your bank increased the MADB for your account type.

    ReplyDelete
  9. Hi Anonymous, about BDO passbook account, Jan 17
    If you have your atm card with you and it has a Mastercard logo, you can make a balance inquiry at a machine there with Mastercard logo. You can also make your inquiry here: BDO Contact Page. Ask if your account is still active.
    About penalty: You said you increased your balance to 10k. I wish you have increased it to 10,300 or more to cover another 300-peso penalty. This is because if you increased your balance to 10k at the middle of the month, then your average daily balance for that month is still less than 10k. You can also email BDO at callcenter@bdo.com.ph

    ReplyDelete
  10. Hi. Our kasambahay opened a savings account at eastwest last April 2013 at Php 8700. . She withdrew last Sept 2013 Php 5K kaya naging 3,700 na lang balance nya. Its below minimum so she deposited last Nov 22 2013, 1,300 to make it Php 5,000 again. She didn't incur any charges nung Sept and Oct kaya Php 1,300 lang deposit nya. Dec 2, bank deduct Php 500 for monthly maintenance for Nov 2013.. She did not inquire after Nov 22 since she knows that her money is back to minimum balance. So from Nov 2013 onwards, deduct ng deduct bank hanggang maubos money niya..Is the charges of the bank correct? I inquired sa bank on her behalf and the girl said she cant explain to me since system generated ang deduction ng below minimum. Hope you can help

    ReplyDelete
  11. About 5k bank deposit wiped out by penalties:

    I felt so sad reading this. And she's not alone with this experience. Many have commented on our blogs about deposits disappearing due to penalties.
    I summarized her account as follows:

    Sep 2013 3700 balance maintained
    Oct 2013 3700 balance not maintained
    Nov 1 to 21, 2013 3700 balance not maintained
    Nov 22 2013 5000 no charge yet
    Dec 2 start of 500-peso charge (for Nov)

    The policy of most banks is that the penalty is charged starting from the 2nd consecutive month that the account falls below the maintaining balance.
    Her account fell below the balance in Oct and Nov, so the penalty was charged for Nov (the second month her account fell below the required balance).
    And the penalty continued to be charged starting Nov because the balance was not restored to 5k.
    She might question why she was not able to maintain her account in November when she deposited 1,300 to bring the balance to 5k. This is because she deposited only on the 22nd. She should have deposited on Nov 1.
    It's just unfortunate that she did not check her account early in 2014. And it's so sad that her banking experience is bad. All she wanted to do is save, and the banking world failed her.
    I think I'll make a post again on this matter.

    ReplyDelete
  12. helo po.nag apply po ako ng ATM acount.my maintaining balance na 2000 kaso po na widraw ko lahat.active pa po ba account ko? kung hindi na pano po ulit maging active yong acount ko?salamat po

    ReplyDelete
  13. I withdrew all January 29, 2015
    QUESTION: Hello. I applied for an ATM account. My maintaining balance is 2000, but I withdrew all. Is my account still active? If no longer active, how can I reactivate my account? Thanks
    ANSWER:
    If your account balance decreased to 0.0, it's most likely that your account is already closed. But try making a balance inquiry at your bank's atm machine. If this is BDO, I think they're not reactivating accounts. Open a new account. Explore BPI Easy Saver -- it does not require a maintaining balance, but it charges 5 pesos for atm balance inquiry or withdrawal.

    ReplyDelete
  14. Good day Maam Nors...i have read your blogs..i gained lots of info from you. Youre a blessing with everyone. By the way i would like to ask about the MADB of checking account, is this the same from the savings account?i was charged by two consecutive months..Last Nov 13 i used the maintaining balance by issuing of check. Then i returned that 5k on dec 5, i did not worry kasi lam ko my mga PDC ako so there are moment na nagdedeposit and issued ng checks within a month. But i was wrong, i was charged 300 last dec and becoz i was not worried they charged me again last this Jan. This Feb i checked my account i only have 4600 only. I felt sad coz all i know i maintained the balance.

    ReplyDelete
  15. About Maintaining Balance for Checking Accounts:
    Thank you very much for your encouraging words.
    Yes, the formula used for MADB for savings accounts is the same as that for checking accounts. Based on what you said, you indeed were not able to maintain your MADB in Nov and Dec., so you were charged 300 on Dec 31. I assume you again were not able to maintain your MADB in Jan and in Feb, so again you were charged on Jan 31 and Feb 28.
    If your required MADB is 5k, you should make sure that your balance at the end of every day should be 5k or more. Every day.
    This means that if your account contains only 1k from Day 1 to Day 15, you should deposit at least 8,750 on Day 16 and have this 8,750 in your account until Day 31, so that your MADB for the month will still be 5k.

    ReplyDelete
  16. About paying bill through atm and global money transfer fees :
    I have a question ms. Is there a charge for paying credit card bills thru atm transaction if i use a different savings bank account? Is this procedure safe?
    How much is the charge for money transfer thru bank from qatar to manila? Thanks po God bless
    ANSWER:
    If you use the atm of another bank to pay bills, you will be charged. So use your own bank's atm. It's also easier to transact with your own bank in case of an atm glitch.
    Generally, yes, the procedure is safe. But before using an atm, make sure it's not out of order and not out of transaction slips.
    For me, I prefer paying my bills through my online bank account.
    About remittance fee from Qatar to Manila: It ranges from 15 to 25 QAR.
    March 11, 2015

    ReplyDelete
  17. Sobrang grabe lang po na kapag hindi ka nakapag comply sa maintaining balance ay katakot takot na 300pesos ang charge hanggang sa tuluyang maubos at magclose ang account na pinaghihirapan mong I maintain samantalang ni hindi ka yata tumubo kahit 30pesos lng sa pagtatabi mo ng pera sakanila gano man katagal pera mo don at kaso dadarting din time na d ka makakapagmaintain gawa ng gipit pa tayo ..sana ganyan din kalaki tumubo hindi puro deductions lng ang alam nila kaya minsan nakakatamad din at nakakawalang gana mag lagak ng pera sa banko #vien13

    ReplyDelete
  18. I have 850 pesos left sa atm tpos winithdraw ko knina yung 800.. my 50 pesos pa pong naiwan. Tanong ko lng po, mgcoclose na po ba yung account automatically? Ilang months po ba bago sya automatic na ma'close?

    ReplyDelete
  19. QUESTION about account closure:
    I have 850 pesos left in my atm then I withdrew a while ago 800, leaving 50 pesos. Will my account close automatically? How many months before it will automatically close?
    ANSWER:
    Is this BPI Easy Saver? If it is, it will not yet close. It will become dormant after more than 2 years of no transaction.
    Is this a regular atm savings account with a maintaining balance (MADB) of 3k? Or BPI Family atm account with an MADB of 1k? If yes, your account has been closed if this is the 2nd month you fell below the required MADB. If this is the first month you fell below MADB, but you will fall below MADB again this April, your account will close on Apr 30 or May 1.

    ReplyDelete
  20. COMMENTS about the 300-peso Below-MADB Penalty:
    It's really so bad that if you haven't complied with the maintaining balance requirement, they deduct 300 pesos continuously until your balance is wiped out and then your account is ultimately closed, even if you tried so hard to maintain it for a long time, and despite the fact that your account did not earn even just 30 pesos. But of course there comes a time when we are not able to maintain our accounts due to difficulties.
    I wish the interests are also as big as the deductions, which seem to be their main thing. This is why sometimes it's so discouraging to put money in the bank. #vien13
    ANSWER:
    Well said. Banks earn much from bank fees and penalties. BUT you can use banks wisely...by learning about them. There are accounts like BPI Easy Saver. Find smaller banks, even rural banks, that have smaller maintaining balance requirements.
    Thanks for commenting. Have a nice day.

    ReplyDelete
  21. Hello..sa bdo po ako. diko maintindihan kasi sabi sakin sa bdo nung nag open ako ng account 10k daw maintaining balance.nung nagsearch ako wala nmng 10k.. ang nandun lang 5k,15k..bsta walang 10k.. and diko tuloy alam kung mapepenalty naba ako kasi may 6k pa sa account ko..help pls

    ReplyDelete
  22. Tapos paano kung 10k nga yung maintaining balance ko sa bdo tapos 1k nlng itira ko ..maclose na ba account ko?kasi need ko tlga money ngayon e..

    ReplyDelete
  23. QUESTION about BDO's 10k maintaining balance
    Hello, I have bdo. I don't understand -- BDO told me when I opened my account that 10k is the maintaining balance. When I searched, I didn't see 10k. I saw only 5k, 15k. No 10k. So I now don't know if I'm getting a penalty as there's only 6k in my account. help pls. Then if the maintaining balance is really 10k at BDO, and if I leave only 1k in my account, will it be closed? I really need my money now.
    ANSWER:
    I'm surprised you did not believe what the BDO officer told you that 10k is the maintaining balance. Is your account a passbook account? The maintaining balance is really 10k. You can see this at this BDO maintaining balance webpage.
    If your account is atm-only, your maintaining balance is 2k.
    Is this the second month you will not maintain your account? If yes, then better withdraw all and let your account get closed, so you won't lose your money. Start with an account with a lower maintaining balance requirement. Look at these saving accounts

    ReplyDelete
  24. Hindi po.. mag 1 month plang po na di ko na maintain yung dapat na balance.. pero paano po kung kukunin ko lahat yun at naclose yung bdo ko..pwede paba akong magopen uli sa ibang bdo branch uli?

    ReplyDelete
  25. I have 850 pesos left in my atm then I withdrew a while ago 800, leaving 50 pesos. Will my account close automatically? How many months before it will automatically close?
    ANSWER:
    Is this BPI Easy Saver? If it is, it will not yet close. It will become dormant after more than 2 years of no transaction.
    Is this a regular atm savings account with a maintaining balance (MADB) of 3k? Or BPI Family atm account with an MADB of 1k? If yes, your account has been closed if this is the 2nd month you fell below the required MADB. If this is the first month you fell below MADB, but you will fall below MADB again this April, your account will close on Apr 30 or May 1.






    --> sa BDO po yung account

    ReplyDelete
  26. I have 850 pesos left in my atm then I withdrew a while ago 800, leaving 50 pesos. Will my account close automatically? How many months before it will automatically close?
    ANSWER:
    Is this BPI Easy Saver? If it is, it will not yet close. It will become dormant after more than 2 years of no transaction.
    Is this a regular atm savings account with a maintaining balance (MADB) of 3k? Or BPI Family atm account with an MADB of 1k? If yes, your account has been closed if this is the 2nd month you fell below the required MADB. If this is the first month you fell below MADB, but you will fall below MADB again this April, your account will close on Apr 30 or May 1.






    --> sa BDO po yung account and with passbook po sya

    ReplyDelete
  27. QUESTION about BDO passbook maintaining balance requirement and about opening another account
    It's for only 1 month I didn't maintain my account. For example, my balance is only 1k, will it be closed? What if I withdraw all and my account gets closed, can I open again?
    Is there another passbook account with a lower maintaining balance?
    ANSWER:
    If it's only for 1 month (for example, March only), then 300 will not be deducted, but if you'll not maintain again this April, 300 will be deducted on April 30.
    There's no other BDO passbook account with a lower maintaining balance.
    You can open another account at another BDO branch, but they might ask you why your first account was closed after only 1 month.
    Why not open an atm-only account? It's maintaining balance requirement is only 2k.

    ReplyDelete
  28. Hi po Ms.Nora ask ko lang po may account po ako as PS Bank and may maintaining po na 5k and I have 9k bal if withdraw ko po 8k tomorrow how much po need ko deposit next month para wala me penalty or magka problem sa account ko?

    ReplyDelete
  29. QUESTION about deposit amount to maintain balance April 20, 2015
    Hi po Mrs.Nora, I have an account at PS Bank and the maintaining is 5k and I have 9k balance. If I withdraw 8k tomorrow, how much do I need to deposit next month to avoid penalty? or will my account have a problem?
    ANSWER
    This April, your average daily balance will be 6.3k:
    9k x 20 days = 180k
    1k x 10 days = 10k
    Total = 190k
    190k / 30 days = 6.3k
    This means you have maintained your account this April.
    For the month of May, deposit 4k on May 1 and have a balance of 5k on May 1. Maintain this 5k from May 1 to May 31.

    ReplyDelete
  30. Follow-up question about maintaining balance:
    Thank you po for the info Ms. Nora, your blog really helps. What if I won't be able to deposit on May 1, but on the last day of May? Do I need to deposit the same amount 4k?
    ANSWER:
    Deposit 4k on May 31 or June 1. Make sure your daily balance from June 1 to June 30 is 5k or more. Check from time to time if your balance is 5k or more (use your bank's atm machine to avoid atm fees).
    In summary, if you will not maintain your balance in May, you should maintain it in June, so your account won't fall below the maintaining balance for 2 consecutive months.
    By the way, was your daily balance from April 1 to 20 really 9k?

    ReplyDelete
  31. Hello, I didn't know the maintaining balance in Philippine banks are calculated daily. Here in Bahrain, as long as you have the minimum balance in your account at the end of the month, there will be no charge.

    I'm glad I stumbled upon this blog and this topic because I'm planning to open a Philippine bank (still undecided which bank though) account that I can use when I'm in the Philippines.

    ReplyDelete
  32. Hi yumi, thanks for the info about maintaining balance in Bahrain.
    Yes, in the Philippines, the average daily balance for the month or monthly average daily balance (MADB) should be equal to or more than the maintaining balance requirement.

    ReplyDelete
  33. Hi,

    Today is May 29 and a Friday while May 31 falls on a Sunday, when will the machine see if my checking acct with BDO (maintaining balance of 5k) is below maintaining balance and be charged 300pesos? I think this is my second month already. Is it today or May 31 (sunday)?

    ReplyDelete
  34. About when the maintaining-balance penalty is deducted:
    It should be between the last hour of May 31 and first hour of June 1. But if you issued a check due today or Sat or Sun, add 300 to ensure your funds will be enough, in case the bank has an unfavorable policy.

    ReplyDelete
  35. Hi Ms. Nora,
    I have an account with PBB, the maintaining balance is Php2,000.00. Unfortunately I received my bank statements from JULY 2014 to APRIL 2015 only now. The ff are my ending balances:-
    July 2014 – 1,710.00
    August 2014 – 3,129.26
    September 2014 – 2,218.52
    October 2014 – 437.78 (net of 200pesos penalty below required min. ADB)
    November 2014 – 457.04 (net of 200pesos penalty below required min. ADB)
    December 2014 – 476.30 (net of 200pesos penalty below required min. ADB)
    January 2015 – 2,673.61
    Correct me if I am wrong po. Hinde po ba dapat 400pesos lang ang total penalty ko at hinde 600pesos if for two (2) consecutive months ang pinag uusapan? Pls enlighten me on this. Thanks so much

    ReplyDelete
  36. About PBB's maintaining balance penalty:
    Your Sep 2014 ending balance (2,218.52) is indeed higher than 2k, but your average daily balance for Sep 2014 could be lower than 2k -- that's why PBB deducted 200 pesos in Oct 2014.
    Add all your daily ending balances for the 30 days of Sep (Sep 1 to Sep 30), then divide by 30 days. If the resulting average daily balance is 2k or higher than 2k, then ask PBB to refund your 200 pesos.

    ReplyDelete
  37. What if i opened an account on may 14 and the amount will be php 20m what is my average daily balance at the end of may? No transaction was made

    ReplyDelete
  38. ..gud am po.. 7,959 po ang remainingbalance ng account ko sa bdo from may 1-12..then ngdeposit po ako ng 2,200 nung may13..
    so may 10,159 po akong blance at the end of the month.. nung ngbalance po ako knina...my deduction nnman po ako... to make it sure n hndi n po ako mgkapenalty at the end of the month.. how much po ung exact amount n need ko ideposit sa account for me to meet the min. bal?? unemployed po kasi ako ngaun so hndi ko po tlga sya mhulugan.. tnx po.. sna po msgot nyo agad.tnx po ng marami..

    ReplyDelete
  39. Question about maintaining-balance penalty
    Good am po. 7,959 was my remaining balance in my account with bdo from may 1-12. then I deposited 2,200 on may 13, so I have 10,159 balance at the end of the month. When I made a balance inquiry a while ago, I saw another deduction. To make it sure that I will not be penalized at the end of the month, how much is the exact amount I need to deposit to my account for me to meet the minimum balance? I'm unemployed so I cannot really deposit much. Hope you can reply immediately. Thanks a lot.
    ANSWER:
    You said your balance was 10,159, and there was a 300-peso deduction, so your balance on June 1 was 9,859. The maintaining balance requirement is 10,000, so each day since June 1, you lacked 141 pesos each day. If you deposit on Monday, June 15, deposit 2,115 pesos (141 pesos x 15 days = 2,115). Add some excess, so deposit 2,200.

    To compute it another way, this is your average daily balance for June, if you deposit 2,200 on June 15:
    June 1 to June 14: 9,859 x 14 days = 138,026
    June 15 to June 30: 12,059 x 16 days = 192,944
    June 1 to June 30: 138,026 + 192,944 = 330,970
    330,970 / 30 days = 11,032

    Your average daily balance for June will be 11,032 -- above 10,000, so you should no longer be penalized for June.

    ReplyDelete
    Replies
    1. good pm po.. thank po sa reply... another question lng po ulit., if i will deposit 341 on June 15:
      June 1 to June 14: 9,859 x 14 days = 138,026
      June 15 to June 30: 10,200 x 16 days = 163,200
      June 1 to June 30: 138,026 + 163,200 = 301,226
      301,226 / 30 days = 10,040.867


      ..ask ko lang po kung if tama yung computation ko?? possible po ba n 341 lang ang ideposit ko?? ito??
      magkakapenalty parin po ba ako kahit n 10,040 ang MADB Ko at the end of the month?? thanks a lot po..

      Delete
  40. Hi tweety, do you mean 20,000 when you say php 20m? Your average daily balance for the month of May will be 11,612.90.
    I got it from: 20,000 x 18 days (May 14 to 31) = 360,000
    360,000 / 31 days = 11,612.90

    ReplyDelete
  41. Hi Anonymous, about maintaining balance, yes, your computation is correct. Yes, 10,040.867 is higher than the 10k requirement, so you should no longer be charged this June 30. Make sure that your total balance on June 15 is at least 10,200.

    ReplyDelete
    Replies
    1. thank you so much po.. your such a big help po..

      Delete
    2. good day mam... just a follow up question po.. ngdeposit po ako today ng 641 to have 10,500 in my account.. then when i ask the teller if its enough for me to meet the MADB.. THEy said that i need to deposit 19k. ask ko lng po if iba b ang computation nlang MADB nla?? kasi when i ask them how to compute it. hndi po nla sinsagot.. sinsabi po nla n mgclose nlng akong account if hndi ko tlaga mameet yung maintaining ballance.. tnx po... nakakainis po kasi sila.. isang tanong isang sagot lng din cla.. no more further explanation n... pag palatanong kpa.. sasabhin sayo mkulit.. hayst..

      Delete
  42. ..good am po...i have 860 pesos left in my account.. mawiwithdraw ko po ba ito lhat?? para maging 00.00 ? mgcoclose po kasi ako ng account ko.. tnx po..

    ReplyDelete
  43. Good am po ask ko lng po. 10k was the maintaining bal ng bpi po db. Last june 20 ngwithdraw po. Ang nging balance ko nlng ako 7000 when po ako ma ddeduct ng penalty on the 2nd month po b? Aug 30? Thanks p0

    ReplyDelete
  44. QUESTION about 641 deposit to have 10,500 balance June 15
    good day. I deposited today 641 to have 10,500 in my account. then when i ask the teller if its enough for me to meet the MADB, they said that i need to deposit 19k. Is their computation for MADB different? when i asked them how to compute it, they didn't answer. they advised me to close my account if I'm unable to meet the maintaining balance. tnx po. They exasperate me. One question, one answer. no more further explanation. If you ask a lot of questions, they say you're annoying. hayst.
    ANSWER:
    BDO's MADB computation is standard. Total of all daily balances divided by no. of days (for the month).
    Your total daily balances from June 1 to June 14 is 14 x 9,859 = 138,026
    Your total from June 15 to June 30 is 16 x 10,500 = 168,000
    Your total daily balances from June 1 to 30 is 138,026 + 168,000 = 306,026
    Your MADB is 306,026 / 30 days = 10,200
    Your MADB is okay. It's higher than the 10,000 maintaining balance.
    Please cross-check my computation.

    ReplyDelete
  45. QUESTION about closure of account June 15
    good am po. i have 860 pesos left in my account. Can I withdraw all? for it to become 00.00? I'm closing my account. tnx po.
    ANSWER:
    If your account is a passbook account, fill the withdrawal slip, except the amount. Tell the teller you're closing your account, and have them update your account so you can write the final balance on your withdrawal slip.
    If your account is an atm account, withdraw 800 pesos through the atm machine. To get the 60+ pesos, go to Watson or Savemore and get something worth 60 pesos, and use your atm to pay for that something. If you withdraw over the counter, there's a charge because your account is an atm account.

    ReplyDelete
  46. QUESTION about 7,000 balance June 25
    Good am po. 10k is the maintaining bal of bpi po. Last june 20 i withdrew po. My balance after was 7000. when will I be deducted with penalty? on the 2nd month po? Aug 30? Thanks p0
    ANSWER:
    If you maintained 10k or more for the whole month of May, then June will be the first month you did not maintain, and July will be the 2nd month (if you don't deposit enough). You will be deducted
    with the penalty on July 31. If you can, deposit at least 3,000 on July 1 and don't withdraw.

    ReplyDelete
  47. Question regarding zero balance BPI savings account.

    nag zero balance po yung savings account ko nung oct 2014. i think hindi pa sya nacclosed kasi nabubuksan ko pa yung account ko sa bpi express online, pero hindi ko pa sya nattry gamitin ngayon sa atm kung ok pa ba yung account ko. tatanong ko lang kung magkakaroon ba ako ng penalty if mag deposit ako?

    ReplyDelete
  48. Question regarding zero balance BPI savings account June 28, 2015
    My savings account had zero balance in oct 2014. i think it's not yet closed because I can still access my account through bpi express online, but I haven't tried checking via atm if my account is still active. Will there be a penalty if I deposit?
    ANSWER:
    If your account is BPI Easy Saver, you won't incur a penalty. If your account is a regular account, your new deposit will be deducted with below-maintaining-balance penalties.

    ReplyDelete
    Replies
    1. Hi po pano po pag nag negative yung balance since may deduction po sa easy saver per transaction, magcloclose po ba yung account?

      Delete
  49. hello ms.nore..bdo atm card po account ko i have 2,100+ s atm accoumt ko...iwiwidraw ko po sna ang 2k ko today and the this coming friday mgdedeposit ako ulit much higher than 2k..ok lang po b un nde po b mgkoclose agad agad ang account ko f iwithdaraw ko today ang 2k ko and iwan ko ung 109.00 pesos as balance nya..tnx po

    ReplyDelete
  50. QUESTION about leaving 109 pesos in BDO atm account June 29, 2015
    hello ms.nora. bdo atm card is my account. i have 2,100+ in my atm accoumt. I plan to withdraw 2k today and this coming friday I'll deposit much higher than 2k. Is it okay. Will my account close if I withdraw and leave a balance of 109.00 pesos? tnx po
    ANSWER:
    No, your account will not yet close because you're leaving a balance. Be sure to maintain at least 2k everyday this month of July in your account so you won't be penalized this July 31.

    ReplyDelete
  51. Hi ms. Nora. I do have rcbc savings bank checking acct po. 10k is the current bal which is the maint. Balance din po. Im planning to withdraw 5k po today thru an atm card link to it. And then i will deposit back 9500k by friday 07/10/15 because i have PDC issued dated 07/17/15 for 4500k. Then by 07/24/15 i will deposit back again the 4500k. Will i be charged of a fee?

    ReplyDelete
  52. Hello po mam nora.. can i ask po.im planning po to open a bank account for my kid.. and im confused po.ang minimum initial deposit is 500 and the maintaning adb po is 500 also,and minimum adb to earn interest is 4000.if i open an amount of 5h then nxt month I'll deposit again the 4k to earn an interest and after a month f i wdraw the 2k Will i have a penalty for this?since the maintaining is 500 only?thanks so much

    ReplyDelete
  53. Hello po mam nora.. can i ask po.im planning po to open a bank account for my kid.. and im confused po.ang minimum initial deposit is 500 and the maintaning adb po is 500 also,and minimum adb to earn interest is 4000.if i open an amount of 5h then nxt month I'll deposit again the 4k to earn an interest and after a month f i wdraw the 2k Will i have a penalty for this?since the maintaining is 500 only?thanks so much

    ReplyDelete
  54. About bank account for your kid:
    Yes, you're right, even if you withdraw 2k, you won't get a penalty, since you have maintained 500 pesos or more in your kid's account. So you don't have to compute Average Daily Balance, make sure you have at least 500 pesos everyday in your kid's account.

    ReplyDelete
  55. About RCBC Savings Bank checking account:
    I think I've replied to this question -- maybe in another post?
    Anyway, here's your average daily balance (ADB) for July, based on your plan:
    July 1 to 4 = 4 days x 10,000 = 40,000
    July 5 to 9 = 5 days x 5,000 = 25,000
    July 10 to 16 = 7 days x 14,500 = 101,500
    July 17 to 23 = 7 days x 10,000 = 70,000
    July 24 to 31 = 8 days x 14,500 = 116,000
    Total Daily Balances = 352,500
    Average Daily Balance = 352,500 / 31 days = 11,370.97

    You have maintained your required average daily balance for the month of July.

    Please check my math :)

    ReplyDelete
  56. Question regarding zero balance savings account in BPI

    hello, ask ko lang po kung magdedeposit pa po ba ako sa account ko na zero balnce since Oct 2014 or let it go ko na lang. makaka-avail pa po ba ako ng other services from BPI (ex. loans, open account, etc.) kung hahayaan ko na lang yung zero balance na account ko? gusto ko kasi makagamit ulit ng savings account. thank you in advance for the answer.

    ReplyDelete
  57. Question regarding zero balance savings account in BPI
    hello, can I still deposit to my account which is zero balance since Oct 2014 or just let it go? Can I still avail of other services from BPI (ex. loans, open account, etc.) if I ignore my zero balance account? I want to use a savings account again. thank you in advance for the answer.
    ANSWER:
    If this is a regular BPI account that requires a maintaining balance of 3k or 10k, most likely your account was already closed on Nov 30, 2014. If this is an Easy Saver account, your account is still active. Try depositing to it over the counter. If your deposit is accepted, it means your Easy Saver is still active.
    If your account was closed, you can open a new account -- try a BPI Express Center -- those inside malls or near malls.

    ReplyDelete
  58. gumawa ako ng new bpi saving account at nagdeposit ng 75,000..kakakuha ko lang ng atm card ko kanina, nung chineck ko balance ko 74,500 nalang ang laman, saan napunta yung 500?

    ReplyDelete
  59. About 75,000-deposit and debit of 500 pesos:
    I opened a new bpi saving account and deposited 75,000. I just got my atm card a while ago, and when I checked my balance, the balance has become 74,500. Where did 500 go?
    ANSWER:
    I'm puzzled too. But it just came to my mind that maybe BPI held the 500 temporarily to make sure that they have 500 pesos to apply as penalty in case you close your account in less than 30 days. There's a 500-peso penalty for an account closed in less than 30 days after opening. Call 89-100 to be sure. Would you please comment again here if this reason is true?

    ReplyDelete
  60. Hi what if i withdraw my maintaining balance . Maari ko pa po bang magamit ung account o ? O maari ko pa po bang maibalik account ko ? Thanks

    ReplyDelete
  61. mam nora bdo po bank ko po at 10,000 ang maintaining balance ko po. pero ngayun 2500 nlng po natira. pag umabot po ba ako sa penalty tas nakapag deposit po ako ng 7500 para maging 10k po ulit. araw araw na po ba ako mababawasan ng 300? or kahit anung amount po?. tnx po sa reply

    ReplyDelete
  62. Mam i have rcbc account with maintaining blance of 3000 but i withdraw all did may account close?

    ReplyDelete
  63. Hi po. Hope you can help me. I opened a checking account in maybank last 08/05/15 as one of the requirements of deca housing. My maintaining balance is 2,500. And i'm still paying 10k monthly for the house but my money on hand is 8,000 only. I was planning to deposit 8k and basically withdraw 2k from my balance to make it 10k. But will deposit 2,500 5 days after. Will i be penalized? Or my account will be closed?

    ReplyDelete
  64. Question about maintaining balance July 28, 2015
    Hi what if i withdraw my maintaining balance. Can I still use my account? Or can I get back my account? Thanks
    ANSWER:
    If you withdraw all your money and leave your balance 0.00, your account will automatically close. If you need to withdraw, leave 100 pesos or more in your account, then try to deposit money as soon as you can. Make sure to maintain the required balance the next month as 2 consecutive months of falling below the balance will trigger a 300-peso deduction per month starting from the 2nd month of falling below the balance.

    ReplyDelete
  65. Question about below-maintaining-balance penalty Aug 2, 2015
    My bank is bdo and 10,000 is my maintaining balance. But now I have only 2500. If I get the penalty then I'm able to deposit 7500 to get back to 10k, will I be deducted every day with 300? or whatever amount? tnx po for replying
    ANSWER:
    The 300-peso penalty is deducted on the last day of the 2nd consecutive month you fall below 10k. The penalty will continue to be deducted every month until you restore your monthly maintaining balance to 10k or more. What to do? Restore your balance to 10k as soon as you can, so you'll be deducted 300 pesos for only 1 month. If you find that it's difficult to maintain 10k, withdraw all your money to close your account, and open an atm account with a 500-peso or 1k or 2k maintaining balance.

    ReplyDelete
  66. Question about withdrawal and account closure Aug 3, 2015
    i have rcbc account with maintaining balance of 3000 but i withdraw all. did my account close?
    ANSWER:
    If your balance became 0.00 or negative, yes, your account automatically closed. Some banks allow you to pay the penalty and reopen it; some banks do not allow reopening. You can make a balance inquiry at an RCBC atm to see the status of your account.

    ReplyDelete
  67. Question about Maybank checking account Aug 10, 2015
    Hi po. Hope you can help me. I opened a checking account in maybank last 08/05/15 as one of the requirements of deca housing. My maintaining balance is 2,500. And i'm still paying 10k monthly for the house but my money on hand is 8,000 only. I was planning to deposit 8k and basically withdraw 2k from my balance to make it 10k. But will deposit 2,500 5 days after. Will i be penalized? Or my account will be closed?
    ANSWER:
    After depositing 8k to add to the 2,500, and after the 10k is withdrawn to fund the 10k check for your monthly housing payment, your balance will be 500 pesos, correct? If correct, your account remains active. Deposit 2,500 asap. And make sure you maintain your account the next month to avoid the below-maintaining-balance penalty. The penalty is deducted on the last day of the 2nd straight month you fall below the maintaining balance, and every month thereafter until you restore your account to maintaining-balance level.

    ReplyDelete
  68. Hi, Good day ! Gusto ko lang po malaman, sa BPI Express Teller account ung MADB, ibig sabihin ba non every month you have to deposit a cash for a minimum of 3000, or it only means you need to maintain a minimum of 3k in your account? Another question, does transferring of funds from another BPI account (company provided) to your personal BPI Express Teller account, considered as a deposit ? just not to get the account in dormant state. Thanks ! more power.

    ReplyDelete
  69. Hi Ms. Nora! Pa-advice naman po, ang kaso first time ko magkaroon ng savings account na BDO passbook with ATM... nasanay ako sa mga bank accounts ko before na ATM lang at 2000 ang maintaining balance so hindi ko gamay gumamit ng passbook. Few days ago nag-deposit uli ako sa passbook account ko at pagkauwi ko nireview ko yung laman ng passbook record ko at laking gulat ko sa dami ng service charges na nagreflect sa account ko, pitong buwan na sunod-sunod na 300 na penalty (from July 31, 2014 - January 31, 2015). Pero nauna ng nagkapagdeposit ako ng 12000 noong January 28, 2015 kaya nahinto ang penalty, pero unfortunately hindi ko dala that time yung passbook ko kaya hindi ako nakapagpaupdate kaya hindi ko nalaman agad na nagkakaproblema na pala ang account ko sa dami ng penalties. Ang pagkakaalam ko kc 5000 lang ang maintaining balance dapat ng account ko dahil yung ang pagkakatanda kong sagot sa akin nung nag-inquire ako sa banko ko, yun pala mali ako dahil sa pag-check ko sa website ng BDO 10000 pala dapat ang maintaining balance sa account ko. Nanghihinayang talaga ako sa laki ng penalty sa akin... seven consecutive months 2100 din yun, meron pa po bang paraan sana para mabawi ko pa yung mga charges na yan? Additional details: June 2013 ko po inopen itong BDO account ko and still a student kaya nanghihinayang talaga ako sa perang nawala sa akin.... sana po matulungan nyo ako. Thanks!

    ReplyDelete
  70. hi, may checking account po ako sa psbank with 10k maitaining balance. I issued post dated check dated september 1,2015 amounting 12k but unfortunately on september 1 around 10:30 am 3k lang nadeposit ko and 6k around 1:50pm same date. another 2k on the nxt day. my question is, tatalbog po ba ang tseke ko if na paencash ng payee yung tseke early on september 1 o anu po bang penalty ang babayaran ko? thank you

    ReplyDelete
  71. About checking account maintaining balance and unfunded check fee Sep 4
    Hi, I have a checking account with psbank with 10k maintaining balance. I issued post dated check dated september 1, 2015 amounting to 12k but unfortunately on september 1 around 10:30 am I deposited only 3k and 6k around 1:50 pm same date. another 2k on the next day. my question is will me check bounce if the payee encashed the check early on september 1 or what are the penalties I need to pay? thank you
    ANSWER:
    So sorry my reply is delayed. If your payee encashed the check at PSBank before 10:30 am, you already incurred an unfunded check penalty (could be 2,000 pesos). If your payee encashed after 10:30 am, the check was encashed -- the check was good since you said you have 10k there and you added 3k. In both cases, your maintaining balance is now below the requirement, so you should maintain your required balance this October so that you will not have 2 consecutive months of falling below the required balance.

    ReplyDelete
  72. About BPI Express Teller account's MADB Sep 2
    1. Does MADB mean every month you have to deposit a cash for a minimum of 3000, or it only means you need to maintain a minimum of 3k in your account? ANSWER: It means you maintain 3k or more in your account.
    2. Does transferring of funds from another BPI account (company provided) to your personal BPI Express Teller account, considered as a deposit? just not to get the account in dormant state. Thanks! more power.
    ANSWER: Yes, your company's transfer to your account is considered a deposit. Withdrawal from your account is another transaction that prevents dormancy (at least once within 24 months).

    ReplyDelete
  73. Hi Nanay Nora,

    Just want to ask this kind of scenario (my case).
    My account has been below maintaining balance since Feb in BDO. The ADB is 10000. So that means i am being charged for 300 Php penalty up to September.
    Then I am planning to deposit 10000 for the month of October, if example I have deposited on the October 1st and did not withdraw until the last day of October, will I be charged of 300 Php again since I failed to follow the maintaining balance from Feb to September?

    ReplyDelete
    Replies
    1. Hi Anak, if you deposit 10,000 as you said on October 1 and maintain 10k there until Oct 31, you will no longer be charged 300 for the month of October. Check your account on Oct 1 or 2 to make sure there are no other deductions and that your balance is 10k.

      Delete
  74. Hi po Mam Nora,

    Your blog is really helpful po.. Good thing I've seen this blog and knew all different scenario and you are indeed kind of giving all the answers. Now in case, I am planning to open a passbook savings to BDO, the MADB is 10,000, and the maintaining balance is 5,000. Is it just safe to keep the amount of 10,000 in my account para hindi po ako ma penalize? Kasi po, I know hindi po ako maka deposit Monthly probably, depende pa po kelan ako magkakaroon ng extra for savings. So if I will just keep the 10k in my account, hindi po ba ako ma penalize ng 300 monthly.
    I will really appreciate your answer.

    ReplyDelete
    Replies
    1. Hi Derline, thanks for appreciating my blog. Makes me glad. The MADB is 10k. The maintaining balance is 10k. MADB (monthly average daily balance) and maintaining balance are the same.
      Yes, yours is a good plan. Deposit 10k and keep it there, do not withdraw. Yes, there will be no penalty even if you do not deposit every month, as long as you have 10k there.
      Note also that there's dormancy: A savings account becomes dormant after 24 months without deposit or withdrawal.

      Delete
  75. Hi Mam Nora, I have another question. Can you site a sample of how much I can earn monthly. Let say I keep the 10k monthly in my account for BDO passbook savings. How much I can earn monthly having the interest rates of .25% per annum.. I look forward for your reply. And thank you so much in advance, you are such a great help.

    ReplyDelete
    Replies
    1. Hi Derline, sorry to say that your 10k will not earn much. Just feel good that you are able to save. I suggest you do not think much about the interest because it's almost nothing, maybe 1.50 after tax. Just keep thinking you are saving. When you accumulate 50k, you can put it in time deposit (choose auto-renewal), so it can earn some money. Kudos for saving.

      Delete
  76. About balance of 5,500 pesos in Kabayan account for almost 1 1/2 years Oct 6 2015
    I have 5,500 in my kabayan bank account and it's been 1 1/2 yrs that I haven't deposited to it. Will it close? Will my 5500 pesos disappear?
    ANSWER:
    When was your last deposit to your account from abroad? 12 months after your last deposit, your account was most likely converted into a regular account. This means you need to maintain 10k in your account, and the penalty for less than 10k is 300 pesos per month. It's possible your total deduction is already 1,500 pesos (300 x 5 months), and your remaining balance is 4k. To save your 4k, you can withdraw it via atm there (if your atm is with Mastercard logo and activated), or you can continue saving by sending maybe 7k so the total balance will be more than the required 10k. You can also call BDO via landline toll-free: International Access Code-800-8-6318000. You can also inquire here: https://www.bdo.com.ph/contact-us

    ReplyDelete
  77. Hi ms. nora ask ko lang po, May 2k maintaining bal ako bdo atm yun kakaopen ko lang ngayong october, kapag ba hindi ko pinakealaman ung maintainibg ko tapos ng deposit ulit ako ng 1k wala namang mababawas dun? kahit 1month hndi ko winiwithdraw?

    ReplyDelete
  78. About 2k maintaining balance of account with BDO Oct 12 2015
    Hi ms. nora. I have 2k maintaining balance in my bdo atm. I opened it just this october. If I don't touch this 2k, and then I deposit again 1k, will there be no deduction? even if in 1 month I do not withdraw it?
    ANSWER:
    No, there will be no deduction. Maintain the 2k in your account, do not withdraw it, so you do not have to worry. If you deposit 1k, it's better. Then it you withdraw 500, it's okay, you still have 2,500. Just don't touch the 2k. But it's good if you keep on depositing. Maybe once or more a month. Or once in 2 months. If you do not withdraw in 12 months, it's better.

    ReplyDelete
  79. Hi Maam Nora. First of all, I would like to say that this blog has really helped me decide if I should withdraw my money. I have a savings account with BDO (with passbook and ATM card).

    Maam Nora, am I correct in thinking that BDO will only charge the 300 penalty if i fail to maintain the required MADB on the 2nd consecutive month?

    Thanks and God bless!

    ReplyDelete
    Replies
    1. About maintaining balance:
      Yes, you are correct. You will be charged 300 pesos only if you fall below the MADB for 2 consecutive months. The penalty will be charged on the last day of the 2nd consecutive month, and every month thereafter, until the MADB is maintained.
      Since your account is a passbook account, your MADB is 10,000 pesos.
      Maintain 10k in your account. God bless too, and thanks for appreciating my blog.

      Delete
  80. Hi! We have an accnt in bpi, with maintaining balance of 3k..around july or august we have no choice but to withdraw 2k, and until now we havnt replaced it yet..will the accnt be closed by this month of october? Tnx

    ReplyDelete
    Replies
    1. About maintaining balance: If you withdrew in July, that means you were deducted the 300-peso penalty on August 31 and another 300 on Sep 30. You'll be again deducted with 300 on Oct 31 if not maintained this month. If you're not sure you can maintain it, maybe it's better if you just withdraw your 400 pesos, and open a BPI Easy Saver.

      Delete
  81. Hi Ms. Nora. May acct po ako sa BPI sa pinas may maintaining balance na 3k. last year pa yong last transaction ko zero balance na po sya. Pero pinag inquire ko po yong family ko kung active pa, ok pa daw active pa. Ang problem ko, baka pag magpa deposit ako sa acct ko mauubos lang po dahil sa penalty knowing na more than a year na 0 balance na po un .takot ako dahil nabawasan na din ako ng 300pesos twice nung hindi ko na maintain ung 3k. pls help me on this... if I will let my family use my account. Thanks

    ReplyDelete
  82. About BPI account with 3k maintaining balance October 21, 2015
    Hi Ms. Nora. I have a BPI acct in pinas with 3k maintaining balance. last year was my last transaction, already zero balance. I asked my family to inquire if still active, and was told it's still active. My problem is if I deposit to my account, it will just be used to pay penalties knowing it's more than a year it's 0 balance. I worry because I've had deductions of 300 pesos twice when I failed to maintain 3k. pls help me on this if I will let my family use my account. Thanks
    ANSWER:
    Yes, your new deposit will be used to pay your past penalties, so if it's not very important that you have an account here in the Phils, it's wiser if you ask your family to open their own account. If they have valid IDs, they can open a bank account. BPI Family offers an atm-only account whose maintaining balance requirement is only 1k pesos. There's also the zero-maintaining-balance BPI Easy Saver, but this imposes a 5-peso fee for every atm withdrawal and balance inquiry.

    ReplyDelete
    Replies
    1. Thanks Ms Nora. However, I have 3 accounts in BPI but the 2 atm cards are with me now . Upon checking my online acct this morning. My acct in Pinas with zero balance became (-1.5) debited since the inquiry made was thru other banks . I'm just worrying for my 2 accounts with healthy balances, are they safe from the incurred penalty & charges with my penalized acct ... is there any possibility of offsetting under my accounts? Thanks Thanks.

      Delete
  83. Good Day Everyone! Tanong ko lang po, If mag withdraw ako ngayon October 29, 2015 sa checking account ko tapos magbelow maintaining balance, kailan ma-apply yung service charge na 300? Sa next month pa ba or pagka october 30 or 31 na? Thanks po.

    ReplyDelete
    Replies
    1. If you were able to maintain your account in September, you won't be charged yet this October. Why? Because the 300-fee is charged only after you fall below the required balance for 2 consecutive months. The fee will be deducted on the last day of the 2nd consecutive month.
      This means that you should maintain your account this November, so that you won't get the 300-fee.

      Delete
    2. I meant "so that you won't be charged with the 300-peso penalty"

      Delete
  84. Good day everyone! Ask ko lang po..magkano ang average daily balance if my deposits ako na ganito on these dates: Sept. 28 5,000, oct. 20: 48,000 and october 30: 49,000? Thanks po

    ReplyDelete
    Replies
    1. Did you mean deposits? or balance on that day? I just considered the amounts you wrote as BALANCE on that day.
      October 1 to 19: 5,000 x 19 = 95,000
      October 20 to 29: 48,000 x 10 = 480,000
      October 30 to 31: 49,000 x 1 = 49,000
      Total = 624,000
      Average daily balance = 624,000 / 31 days = 20,129
      ADB = 20, 129 pesos
      If you meant Deposits, then the ADB would be much higher.

      Delete
  85. Hello! May I ask lang po, I have 3,700 on my BPI acc then I withdrew 700 from my BPI account that needs a Php 3000 maintaning balance yesterday, Oct. 31. Then when I checked my balance, it went down to Php 2989. Today is Nov. 1 already and I'll be able to deposit money pa on Nov. 2. Will I incur the 300 penalty napo agad ng Monday? Thanks and God Bless!

    ReplyDelete
    Replies
    1. You were charged 11 pesos for withdrawing from a non-BPI atm. No, you won't be charged 300 pesos yet. Make sure that you have at least 3,200 in your account all days this month of November, if you deposit only on Nov 2. If there's a cash deposit machine in your area, you can deposit anytime, even during holidays.

      Delete
    2. Hi! I read your entry regarding BPI Easy Saver. I'm planning to open that kind of account nalang po and cancel my normal BPI account that needs a 3k balance per month. Will that be possible? In my normal BPI acc po kasi I have 3000 now. Then on Monday, I'm planning to chnage my account nalang po to Easy Saver. Thanks!

      Delete
  86. Hi....i just opened a checking account in eastwest bank last oct 15 with maintaining bal of 2k, im planning to withdraw 1k today and this will be below my maintaining bal but im planning of returning the money on friday nov 6....will i be penalizd and how much do i need to deposit on nov 6?

    ReplyDelete
  87. About below-maintaining-balance penalty:
    You will not be penalized yet. After withdrawal, your daily balance from Nov 4 and 5 is 1k. You should deposit 1,100 on Nov 6 and do not withdraw, so your daily balance from Nov 6 to 30 will be 2,100.

    ReplyDelete
  88. Hi! Good day, ask ko lang po sana kung magcharge po ng 300. Nagwithdraw po ako nung Oct 20 ng 1k (2,200 yung laman before) magcharge po ba ng 300 yun kung makakapagdeposit po ako before nov 20? Thank you! :)

    ReplyDelete
  89. About below-maintaining-balance penalty, Yana November 11, 2015
    Hi! Good day, will i be charged 300? I withdrew 1k on Oct 20 (2,200 was the previous balance). Will I be charged 300 if I'll deposit before nov 20? Thank you! :)
    ANSWER:
    What is your maintaining balance? Is it 2,000 pesos? If it's 2,000, you'll be charged the 300-peso penalty on November 30 because you failed to maintain your account for October and November (2 consecutive months). Your account should have 2k or more everyday starting Dec 1 so you won't be charged 300 pesos again.

    ReplyDelete
  90. Good day po. Im so blessed to see this blog. I nusy want to ask about my bdo ofw saving account. Hndi ko po naintindihan na need may lama un account ko. Bale 100 lng po deposit ko dun. Now po bale 1year and 8months wla ako update ever since ginawa ko un bdo ofw saving account ko. Tanong ko po automatic magclosed po ba yun? Sabi kase ng company ko dito sa abroad send nila last salary ko at other benifits dun. Ano po mangyari kung deactivate na un account ko. Hndi po ba papasok dun un isesend na pera g company ko abroad? Salamat po. Sana po masagot po agas tanong ko para maayos ko po un salary ko habang dito pa ako abroad.

    ReplyDelete
  91. lexreyes, about BDO Kabayan account closure November 12, 2015
    Good day po. Im so blessed to see this blog. I want to ask about my bdo ofw saving account. I didn't understand that my account needs to have a balance. I deposited only 100. Now po, after 1 year and 8 months, I had no update ever since I opened my bdo ofw saving account. Does my account automatically close? My company here abroad told me they'll send my last salary and other benefits there. What happens if my account is already deactivated. Will the money to be sent by my company abroad get deposited into my account? Thanks. I hope you can reply so that I can fix my salary while I'm abroad.
    ANSWER:
    Hi lexreyes, I think your Kabayan is already closed. I think it automatically closed on the 14th month it did not receive any remittance.
    If an account is already closed, any remittance that is sent to it is not deposited. And you cannot claim it over the counter.
    Ask your company to send the money to you for cash pickup at BDO, not deposit. They should remit through a BDO remittance partner there. Your name on the remittance should be exactly the same as your name on your valid ID or passport. Your company should also send you the reference no. and remittance amount because you will present that reference no. and remittance amount when you go to BDO and claim your money over the counter.
    I'm puzzled why your company doesn't give you your last salary and benefits before you fly out of there? Is that their practice with the others who have left?
    Thank you very much for appreciating my blog.

    ReplyDelete
  92. Hi po Ms. Nora itatanong ko lang po kasi first time ko mag open ng acct noong first week ng september 2015 sa BDO, my maintaining bal is 2k, deposited 12k from my backpay check tapos po wala pa pong end ng month ng sept. na withdraw ko po lahat 15.00 na lang po ang natira at never pa ko ngdeposit uli up to now.. Will there be any charges if magdeposit ako? How much ang machacharge, if any. And how much din po ang dapat kong ideposit to maintain my 2k bal kung sakaling magdeposit po ako this december,hopefully. Salamat po in advance.

    ReplyDelete
  93. Does this 300 Php penalty apply to all banks? Thanks

    ReplyDelete
  94. Hi marknilo, yes, all banks impose this penalty on all their accounts that require a maintaining balance. Many of them charge 300 pesos, some 200 to 250 pesos, and a few others 500 pesos.

    ReplyDelete
  95. Issa, about BDO atm savings account with 2k maintaining balance requirement November 14, 2015
    Hi po Ms. Nora. It's my first time to open an account, first week of september 2015 at BDO. My maintaining balance is 2k, deposited 12k from my backpay check then before the end of the month of sept. I withdrew all, leaving only 15.00 as balance and I never again deposited up to now. Will there be any charges if I deposit again? How much is the charge if any? And how much should I deposit to maintain my 2k balance if I decide to deposit this december, hopefully. thanks po in advance.
    ANSWER:
    You might have maintained your required balance in September, so your account might still be active. Try making a balance inquiry at a BDO atm, and if your balance is still 15 or if you have a balance, that means your account is still active. If still active and you don't deposit enough in November, your account will close on Nov 30. Why? Because you will be charged 300 pesos for not maintaining your account in Oct and Nov (2 consecutive months) and the balance will be negative (15 pesos minus 300 = -285).
    You said "this December, hopefully", so it might be better if you open a non-maintaining-balance account. Try the BPI Easy Saver account at BPI or BPI Family. This does not require a maintaining balance, but you will pay 5 pesos for every atm withdrawal and every atm balance inquiry -- but this is better than paying 300 pesos for below-maintaining-balance penalty and better than automatic account closure.

    ReplyDelete
  96. Hello po I have BPI savings account yung 3,000 maintaining balance plan ko kasi mag withdraw ng 2500 so magiging 500 na lang po ang matitira sa account ko pag mababalik ko po ba yung 2500 before December 30 to make it 3000 again safe na po ba ako na hindi ako mapepenalty?

    ReplyDelete
  97. About BPI's maintaining balance November 28, 2015
    Hello po I have BPI savings account with 3,000 maintaining balance. I plan to withdraw 2500 so my balance will be only 500. If I deposit back 2500 before December 30 to make it 3000 again, will I be safe from penalty?
    ANSWER:
    You will be penalized with 300 pesos on Dec 29. Why? Because you will fall below the required balance for 2 consecutive months (Nov and Dec). What you can do is to withdraw in December, not November, so that you'll fall below the required balance only in December (only for 1 month). And be sure to maintain 3000 or more in January 2016.

    ReplyDelete
  98. About BPI passbook account opened in 2013 by person now in the US November 29, 2015
    Hi po mrs nora. I opened a passbook account at bpi in 2013, but I deposited only 10000 at opening. I plan to deposit again this 2015 or 2016. I'm here in the us. What will happen to my passbook account?
    ANSWER:
    It's good you deposited 10k when you opened your passbook account because that's the required maintaining balance. In what month in 2013 did you open your account? Have 2 years passed? Because if 2 years have passed, then your account has become dormant. Any account without withdrawal or deposit within 2 years becomes dormant. When dormant, the account is put on hold (cannot accept deposits or grant withdrawals) until the owner appears in person at the branch with valid IDs.
    If your account has turned dormant, and since you are in the U.S., you should call BPI and ask how you can reactivate your account while in the U.S.
    AT&T 1-800-225-1202 or 800-2748-9100
    SPRINT 1-866-69-89100 or 800-2748-9100
    VERIZON 800-2748-9100

    ReplyDelete
  99. Hello po. Maam paano po kung napadalhan ng pera ang close na na bank account ng bdo? Mababalik pa ba yung pera maam?

    ReplyDelete
  100. About remittance to a closed BDO account Dec 3, 2015
    Hello po. What happens if we have sent money to a closed BDO account? Will we get back the money?
    ANSWER:
    Yes. If you are the sender, you should go back to the remittance company where you remitted the money and request to make an amendment or change in your recipient information. You can send the money to your family for cash pickup over the counter at BDO (this is the faster option). Or if you don't want to send the money to anyone, ask the remittance company if you can have the remittance returned to you through them (both BDO and remittance company might charge fees).

    ReplyDelete
  101. Pnu po pag ng withdraw ko knina tpos ang ntira sa account ko sa bdo 58 n lng pero mg redeposit aq sa Friday OK lng po b yun?

    ReplyDelete
  102. I have savings account sa BPI. Kahit above maintaining balance ang savings account ko nababawasin pa rin. I discourage you guys to open a savings account at BPI.

    ReplyDelete
    Replies
    1. About below-maintaining-balance penalties:
      You should call 89-100 or visit your BPI branch to ask why you're getting deductions and ask them to refund your money.

      Delete
  103. About 58 pesos balance in BDO account December 6, 2015
    I made a withdrawal from my BDO account leaving only 58. But I'll redeposit on Friday. Is that OK?
    ANSWER:
    It all depends on the amounts. The monthly average daily balance formula is sum total of all daily balances from the 1st day to the last day of the month, and then divided by no. of days of the month.
    But if December is the first month that you will not maintain your account, you will not be penalized yet.

    ReplyDelete
  104. Good day. What should be done to a lost atm card with a closed bank account? Should it have to be reported? Second question, my atm has no transactions since june because that account is just for salary direct deposits where I used to work. Is that account still active? If so, For how long?Thanks! Your blog really helps!

    ReplyDelete
  105. Hi. I open an account to BDO last June I think may remainig balance sya na 2k but my brother decide to withdraw it all last July and now I am planning to activate it nxt year. Tingin niyo po ba may babayaran pa akong deduction if ipapaopen account ko ulit un? I cant use naman po ung Bpi account ko kasi ibang case yun. I just want to active my BDO kasi pero im worrying kung mas malaki pa babayaran kong penalty sa maintaining balance, thanks po

    ReplyDelete
  106. Hi mam may concern lang po ako about sa savings account ko sa bpi, di ko napo kasi namemeet ung maintaining balance ko sa savings account ko kc di nako nagdedeposit sa account na yun.. ask ko lang po if halimbawa ipaclose ko na sya sa bpi magpepenalty pa po ba ako sa mga months na di ko nameet ung maintaining balance?

    ReplyDelete
  107. Hello Ms. Nora. I just wanna say thank you for making this very informative blog. You helped a lot of people by sharing this information. I had lots of questions in my mind before reading this blog and your conversation with other people, and now my questions are all answered.Thank You

    ReplyDelete
    Replies
    1. Hi Bella, thank you very much for your wonderful words! I'm so happy reading your notes. Thanks again and have another great day!

      Delete
  108. Hi, this blog is, indeed, very helpful to every person having their bank-related concerns. It made me aware with lot of things I should avoid doing in order to maintain an active bank status.

    My query is, "What do you think is the best investment that would fit for an employee like me who earns P10,000 to P13,000 monthly?"

    Hoping for your informative response!

    ReplyDelete
  109. Hi, this blog is, indeed, very helpful to every person having their bank-related concerns. It made me aware with lot of things I should avoid doing in order to maintain an active bank status.

    My query is, "What do you think is the best investment that would fit for an employee like me who earns P10,000 to P13,000 monthly?"

    Hoping for your informative response!

    ReplyDelete
  110. Hi can i ask how to avail 2k monthly average deposit .. everymonth nghhulog ako ng 5k before end of the month.. di ko po kasi maintndhan ung daily average to compute MADB

    ReplyDelete
    Replies
    1. How to compute MADB:
      The simplest way to maintain your 2k maintaining balance is to make sure there's always 2k or more in your account everyday -- from the 1st day of the month to the last day of the month.
      Even if you deposit 5k at the end of every month, but withdraw it the next day every time, you won't be able to maintain your account.

      How to compute MADB?
      Add your daily balance from the 1st day of the month to the last day of the month.
      Balance on 1st day + balance on 2nd day + balance on 3rd day + balance on 4th day + balance on 5th day + balance on 6th day.............+ balance on last day of the month.

      Daily balance means your last balance for the day or your balance before midnight.
      After adding your balance for 30 days or 31 days, divide by 30 or by 31. Of course, if it's for the month of February, divide by 28 or 29.
      After dividing, the result will be your MADB.
      If you're still confused, email me a copy of all your deposits and withdrawals for the month of January and I will show how to compute MADB: workingpinoy.com@gmail.com

      Delete
  111. If I have 10k maintaing balance and I was in dire need of money right now. If i withdraw 5k today Feb 5,2016. Do I get the 500 deduction if I will depoThanks only on March 30 2016? Thanks

    ReplyDelete
    Replies
    1. About below-maintaining-balance penalty:
      Does your bank charge 500 pesos for not maintaining your balance? Many other banks charge 300 pesos.
      Yes, you will be charged 500 pesos on March 31, 2016. Why? Because you did not maintain your required balance for Feb and for March -- 2 straight months. Maintain 10k or more everyday beginning April 1 so that you won't be charged another 500 on April 30.

      Delete
  112. Hello I have an ATM card then balance 3,500 pesos. What happen to my account if I withdraw 3000?? Is it close? The retailer said I must have an require 3000 pesos..

    ReplyDelete
    Replies
    1. Hi mylove, what's your bank account? Is it a regular BPI atm savings account? If yes, your maintaining balance is 3k. Is it a regular BDO atm savings account? Your maintaining balance is 2k. If you withdraw 3k, and you're not able to put it back this week, make sure that in March, you have 3k (BPI) or 2k (BDO) or more in your account from March 1 to March 31. The penalty is charged if you fail to maintain for 2 straight months.

      Delete
    2. If you leave a balance of 500, it will not be closed yet. If yo u leave a ZERO balance, it will automatically close.

      Delete
  113. mam tanong ko lng po . kung ok lang po ba withdrawhin ung 2k na remaining balance ko .. balak ko sana iwithdraw ung 1k ngaun .. pero mg dedeposit nmn ako ng 5k kinabukasan .. mgclose ba un ??

    ReplyDelete
  114. From Unknown, about withdrawing remaining balance February 12, 2016
    Is it ok to withdraw my 2k remaining balance? I plan to withdraw 1k today, but I will deposit 5k tomorrow. will it close?
    ANSWER:
    Leave some money in your account, not zero. If there's some balance, your account will not close. If you deposit tomorrow, your account will still maintain its balance, as long as your account's maintaining-balance requirement is 2k.

    ReplyDelete
  115. Hi. I am a student. I want to deposit my money to any banks. Now,I can't decide were can I deposit it. If ever that I will deposit my money worth 5,000 pesos to BDO savings account and I will not withdraw it until I will not deposit money for 2 months is there any penalty or deduction from my savings? I need your answer. thank you so much. :)

    ReplyDelete
    Replies
    1. Best Account for a Student
      You can choose from these 3 accounts:
      1. The BDO ATM savings account requires a maintaining balance of 2,000 pesos.
      2. The BPI Family ATM savings account requires a maintaining balance of 1,000 pesos.
      3. The BPI Easy Saver ATM account requires no maintaining balance, but you are charged 5 pesos for every ATM withdrawal or balance inquiry.
      Your question about penalty:
      There's no penalty if you don't deposit in 2 months or several months, because your account balance (5,000) is bigger than your maintaining balance requirement (2,000 or 1,000).
      There are 2 penalties that you pay attention to:
      Maintaining balance penalty and dormancy penalty. Dormancy occurs when you don't withdraw or deposit within a period of 24 months.

      Delete
    2. Hi Luisa: I'm glad you plan to save in a savings account. That's a good sign of someone who will be successful financially. Keep saving.

      Delete
  116. Good evening, can I ask you a question about minimum balance from BPI Savings account (not from me cos I am not from the Philippines, but this is just an example because I have a cousin who is with BPI too). A few years ago, I just want to know is it true if you have 10K pesos as a balance, if you withdraw like say, 10K pesos (depends on how much balance my cousin used to have back in 2012/2013), she said if she withdraw below than 10K or 10K pesos, will they close her BPI account? She said to me if you withraw 10K, they will close her account. But I am not sure how much balance you're allowed to have it? She said she's only allowed up to 10k pesos. I am still confusing...

    It's a long story because I don't believe what my cousin said. That's why I had no idea on BPI or what their rules are.

    Like what you said the balance that you allowed is 1K pesos, right? Then, why would my cousin say the BPI will close her account if she withdraw 10K pesos. It's true that she's got my money from 3 years ago that I lend her borrowed. I really don't like the way she said it.

    ReplyDelete
    Replies
    1. Hi 1wayjesus777:
      There are several types of BPI and BPI Family accounts and they have different maintaining balance requirements. If your cousin said her maintaining balance was 10k, then her account must be a passbook account. If it's 1k, it must be an atm-only savings account at BPI Family. If it's 3k, it must be a BPI atm-only savings account.
      About automatic closure of an account: An account is automatically closed if it's balance becomes zero (0.00) or negative (example: low balance minus penalty). If your cousin's balance is exactly 10k, and she withdraws 10k, then her account is automatically closed because the balance becomes zero. However, BPI allows the account owner to reactivate her account. She goes to her branch and reactivate. She pays penalties if she waits for a long time to reactivate.
      In simpler terms, if the maintaining balance requirement is 10k, you must have 10k or more everyday in your account. If there's a day or days that the balance is less than 10k, make sure that in the other days, the balance is more than 10k so that when the average daily balance (ADB) for the month is computed, the resulting ADB is still 10k or more.

      Delete
    2. Thanks! I understand now. You are so right. Actually, I think she has the bank card for savings. I didn't see her having a passbook when I last went home for holidays.

      Delete
  117. If have my bdo checking account with maintaining balance of 5k. My current balance as of today is 8k. What will happen if I withdraw 5k and fall below my maintaining balance? When should I deposit 3k to avoid penalty. Thanks.

    ReplyDelete
  118. About 5k maintaining balance:
    Was your 8k balance since Feb 1? If yes, or if you were able to maintain your balance in February, then even if you fail to maintain your balance this March, as long as you maintain your balance in April, then you will not fall below the required balance for 2 consecutive months, and you won't be charged. The penalty is charged if you fall below the required for two consecutive months.
    But what is your bank? There are savings banks that have a different definition of maintaining balance. For these certain banks, they want 5k to be on the account every day of the month. For many other banks, the maintaining balance is minimum Average Daily Balance, which should be the correct one.

    ReplyDelete
  119. Denise Resurreccion March 25, 2016
    Hi po what about if the balance becomes negative since there's a deduction po for easy saver per transaction; will the account close?
    ANSWER:
    I think the atm will not allow you to withdraw if you withdraw all without providing for the 5-peso fee. It will say "Insufficient funds."

    ReplyDelete
  120. hello po Mam Nora,

    thanks for sharing the info. very helpful po ito compared sa website ng bdo- di man lang na explain ang fees etc.

    question po: may BDO peso passbook savings accnt po ako. 10k maintaining balance. last april 2, 2016 at naging 7k na lang po sya, this april 8 po ako magdedeposit mga 3500. may 300 fee parin po ba yung account during those days na below 10k ang account balance?

    thanks po sa help

    ReplyDelete
  121. ELA, about below-maintaining-balance penalty
    hello po Mrs Nora, thanks for sharing the info. very helpful compared with BDO website. fees are not explained, etc. question po: I have BDO peso passbook savings account. 10k maintaining balance. last april 2, 2016, the balance became 7k. this april 8 po I'll deposit around 3500. will my account be charged 300 fee for those days it was below 10k ang account balance? thanks po for the help
    ANSWER:
    If you maintained 10k for the whole month of March, you'll not be charged this April. I made a post to answer your question: BDO below-maintaining-balance penalty

    ReplyDelete
  122. Hi There, Seeking your help here guys. Balak ko kasi mag deposit sa BPI family savings account. Yong kanilang EASY SAVERS then nakalagay sa kanilang Required Minimum Monthly ADB ay "N/A". What does it mean?. But, meron din silang tinatawag na "Required Daily Balance(2) to Earn Interest" nakalagay naman ay "Php 1,000". what does this mean also. Thank you in advance.

    ReplyDelete
  123. About BPI Family Easy Saver account April 25, 2016
    Hi There, Seeking your help here guys. I plan to deposit to a BPI family savings account. Their EASY SAVER. It says Required Minimum Monthly ADB is "N/A". What does it mean?. But there's also "Required Daily Balance(2) to Earn Interest" is "Php 1,000". what does this mean also? Thank you in advance.
    ANSWER:
    Easy Saver does not require you to maintain an amount in your account. But if you like to earn interest, maintain at least 1,000 pesos in your account. In exchange for no maintaining balance, you pay 5 pesos for every atm withdrawal and every atm balance inquiry. This is better than having to pay 300 pesos every month if you're not able to maintain your account.

    ReplyDelete
  124. Good morning ma'am Nora, ask ko lng po bkit ung 20k na deposit ko sa rural bank nung jan.20,2016 nbwsan ng 5k this april 25 lng ulit ako mgdeposit ng 10k. So instead na 30k balance sna nging 25k lng. Pls help ma'am coz I segregate the money for giving birth on oct eh nbwasan nman.

    ReplyDelete
  125. 5k deduction from a rural bank account April 29, 2016
    Good morning mrs Nora, why was my 20k deposit in a rural bank on jan. 20, 2016 had a deduction of 5k. This april 25, I deposited 10k. So instead of a 30k balance, it has only 25k. Pls help cause I segregate the money for giving birth on oct and it was reduced.
    ANSWER:
    I wish you asked your bank immediately when you made the deposit. Do you have an atm card? Are you sure no one used your atm card to withdraw? Or your passbook to withdraw? Go asap to your bank and ask why there was a 5k deduction. I hope you can comment again here to write what the 5k deduction was about.

    ReplyDelete