US Dollar Accounts with Low Maintaining Balances

6.01.2012

US DOLLAR SAVINGS ACCOUNTS

Here are US dollar accounts with low maintaining balances:

- MADB means Monthly Average Daily Balance, also called maintaining balance
- Dormancy means no transaction such as withdrawal, deposit or balance inquiry by the account owner
- Fee for Below MADB is charged per month, after 2 consecutive months of falling below MADB
- Dormancy fee is charged per month, after 2 years of no account activity by account owner

US DOLLAR ACCOUNTS WITH NO MAINTAINING BALANCE 

These zero-maintaining-balance accounts are usually accounts for OFWs and US Pensioners.

OFWs:

BANCO DE ORO (BDO)

BDO Kabayan Dollar Savings Account 
- Offered to OFWs and their beneficiaries. Show remittance or proof of being OFW
- available with passbook and ATM card
Minimum Initial Deposit: $100
Maintaining Balance: none, but remit at least once in a year
Balance to Earn Interest: $200
Dormancy Fee: $5

BDO Kabayan Shipping Dollar Savings Account
- Offered to Seamen employed by BDO-accredited shipping firms
- Available with passbook
- Show Seaman's Book
Minimum Initial Deposit: $10
Maintaining Balance: none, but remit at least once in a year
Balance to Earn Interest: $200
Dormancy Fee: $5

METROBANK

Metrobank OFW Dollar Savings Account
- Offered to OFW clients
Minimum Initial Deposit: None
Maintaining Balance: None, but needs at least 1 remittance in a year from abroad
Balance to Earn Interest: $500
Interest Rate: 0.25%
Fee for Falling Below MADB: $5
Dormancy Fee: $5

PHILIPPINE NATIONAL BANK (PNB)

PNB OFW Dollar Savings Account
- Available with passbook only
Minimum Initial Deposit: None
Maintaining Balance: None
Balance to Earn Interest: $1,000
Interest rate: 0.10%


US PENSIONERS:

BANCO DE ORO (BDO)

BDO Direct Deposit Dollar Savings
- Offered to US government pensioners or beneficiaries
- Transaction is limited to over-the-counter withdrawal
- Available with passbook only
Minimum Initial Deposit: None
Maintaining Balance: None
Balance to Earn Interest: $500
Dormancy Fee: $5

BANK OF PHILIPPINE ISLANDS (BPI) and BPI FAMILY BANK

BPI Direct Deposit or BPI Family Direct Deposit
- Offered to US government and military pensioners
- Pension is deposited to this account via the Automated Clearing House of the Bank of New York
- Bring proof of being a US government or military pensioner and 2 valid IDs


LAND BANK OF THE PHILIPPINES (LANDBANK)

Landbank Easy Dollar Pension
- Offered to US federal pensioners

US DOLLAR ACCOUNTS WITH MAINTAINING BALANCE OF $100

CHINABANK SAVINGS BANK

Chinabank Savings FCDU Savings
- Available with passbook
Minimum Initial Deposit: $100
Maintaining Balance:
Balance to Earn Interest: $200
Interest rate: 0.25%

CITYSTATE SAVINGS

Citystate FCDU Savings Account
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $200

LANDBANK

Landbank U.S. Dollar Savings Account
- Offered with passbook only
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $500
Interest rate:  0.15%

METROBANK

Metrobank US Pensioner
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $500
Interest Rate: 0.25%
Fee for Falling Below MADB: $5
Dormancy Fee: $5

Metrobank Fun Savers Club
- Offered to teens and kids younger than 18 years
- Free personal accident insurance and free educational trust benefit
- Discounts from partner stores and other businesses
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $200
Interest Rate: 0.25%
Fee for Falling Below MADB: $5
Dormancy Fee: $5

PHILIPPINE BUSINESS BANK

Philippine Business Bank FCDU Savings
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $500
Interest rate: 0.25%

PHILIPPINE POSTAL BANK

Postal Bank Dollar Savings Account
Minimum Initial Deposit: $100
MADB to Earn Interest: $500

PHILIPPINE TRUST CO. (PHILTRUST BANK)

Philtrust U.S. Dollar Savings 
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $500
Fee for Falling Below MADB: $1
Dormancy Fee: $1
Closure within 180 days: $5

PLANTERS BANK

Planters Bank USD Savings Account
Minimum Initial Deposit: $100
Maintaining Balance: $100
Interest Rate: 0.25%

VETERANS BANK

Veterans Regular U.S. Dollar Savings
- Available with passbook
Minimum Initial Deposit: $100
Maintaining Balance: $100
Balance to Earn Interest: $100
Interest rate: 0.25%

US DOLLAR ACCOUNTS WITH MAINTAINING BALANCE OF $200

BANCO DE ORO (BDO)

BDO Dollar Savings Account
- Offered with passbook and ATM card (for individual accounts)
Minimum Initial Deposit: $200
Maintaining Balance: $200
Balance to Earn Interest: $500
Fee for Falling Below MADB: $5
Dormancy Fee: $5

BDO Club 60 Dollar 
- Offered to individuals or couples 60 years old and above
- Tiered interest rates, higher interest rate for higher balances
- Available with passbook and ATM for individual or joint-OR account
Minimum Initial Deposit: $200
Maintaining Balance: $200
Balance to Earn Interest: $500
Fee for Falling Below MADB: $5
Dormancy Fee: $5

EASTWEST BANK

Eastwest Dollar Savings
-Available with passbook
Minimum Initial Deposit: $200
Maintaining Balance: $200
Balance to Earn Interest: $500
Interest Rate: 0.25%
Fee for Falling Below MADB: $5
Dormancy Fee: $5
Passbook replacement: 110 pesos
Account closure within 30 days: $5

PHILIPPINE NATIONAL BANK (PNB)

PNB Direct Deposit Dollar Savings Account
- Offered to US federal pensioners
- Available with passbook only
Minimum Initial Deposit: $200
Maintaining Balance: $200
Balance to Earn Interest: $1,000
Interest rate: 0.10%
Fee for Falling Below MADB: $10
Dormancy Fee: $10

US DOLLAR ACCOUNTS WITH MAINTAINING BALANCE OF $500

ASIA UNITED BANK (AUB)

AUB Preferred Dollar Savings
- Available with passbook
Maintaining Balance: $500
Balance to Earn Interest: $500
Interest rate: 0.125%
Fee for Falling Below MADB: $1.10
Dormancy Fee: $2.20
Passbook replacement: $1.10

BANK OF COMMERCE 

BCommerce Your Dollar Savings Account
- Available with passbook
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $500
Interest rate: 0.25%


BANK OF THE PHILIPPINE ISLANDS (BPI) 

BPI Dollar Savings 
- Available with ATM card only, or with Passbook and ATM card
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $500
Interest Rate: 0.25%
Fee for Falling Below MADB: $5
Dormancy Fee: $5

BPI FAMILY

BPI Dollar Savings with Passbook
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $500
Interest Rate: 0.25%
Fee for Falling Below MADB: $5
Dormancy Fee: $5

CHINABANK

Chinabank US Dollar Savings
- Available with passbook
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $1,000
Interest rate: 0.25%

METROBANK

MetroDollar Savings Account
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $500
Interest Rate: 0.25%
Fee for Falling Below MADB: $10
Dormancy Fee: $10

PHILIPPINE SAVINGS BANK (PSBANK)

PSBank Dollar Savings
- Available with passbook
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $500
Interest rate: 0.5%
Fee for Falling Below MADB: $6

PHILIPPINE NATIONAL BANK (PNB)

PNB Dollar Savings Account
- Available with passbook only
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $1,000
Fee for Falling Below MADB: $10
Dormancy Fee: $10

RIZAL COMMERCIAL BANKING CORP. (RCBC)

RCBC US Dollar
Minimum Initial Deposit: $500
Maintaining Balance: $500
Balance to Earn Interest: $1,000
Interest Rate: 0.25%
Fee for Falling Below MADB: $10
Dormancy Fee: $10
Closure within 30 Days: $5.50
Passbook replacement: $5

SECURITY BANK

Security Bank Dollar Savings
- Available with passbook
Minimum Initial Deposit: $500
Maintaining Balance: $500
Interest rate: 0.25%

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