2.17.2016

Maintaining-Balance Penalty on my BDO ATM Account

By Nora

Question:
Last December, my BDO ATM account was charged with a below-maintaining-balance penalty of 300 pesos.
On January 8, I deposited 1,000, making my balance 2,239.50.
On January 29, I was deducted 300 pesos again. Why?

Answer:

Your 300-peso deduction was your penalty for falling below your required Maintaining-Balance for 2 consecutive months (December 2015 and January 2016).

Your required Maintaining-Balance or required Average Daily Balance (ADB) is 2,000 pesos.

Your ADB in January was 1,998.12. This is below the required 2,000 pesos.

Here is how Average Daily Balance (ADB) for the month is computed:

These are your daily balances from January 1 to January 29:

January 1     1,239.50
January 2     1,239.50
January 3     1,239.50
January 4     1,239.50
January 5     1,239.50
January 6     1,239.50
January 7     1,239.50
January 8     2,239.50
January 9     2,239.50
January 10   2,239.50
January 11   2,239.50
January 12   2,239.50
January 13   2,239.50
January 14   2,239.50
January 15   2,239.50
January 16   2,239.50
January 17   2,239.50
January 18   2,239.50
January 19   2,239.50
January 20   2,239.50
January 21   2,239.50
January 22   2,239.50
January 23   2,239.50
January 24   2,239.50
January 25   2,239.50
January 26   2,239.50
January 27   2,239.50
January 28   2,239.50
January 29   2,239.50
January 30   Saturday*
January 31   Sunday*

Let us compute your Average Daily Balance for the month of January.

The formula is:
Add all your balances everyday from January 1 to January 29
Divide the total balances by 29 days
The result is your Average Daily Balance for the month of January.

Total of Daily Balances from January 1 to 7:

1,239.50 x 7 days = 8,676.50

Total of Daily Balances from January 8 to 29:
2,239.50 x 22 days = 49,269

Total of Daily Balances from January 1 to 29:
8,676.50 + 49,269 = 57,945.50

Divide the Total for January by 29 days:
57,945.50 / 29 = 1,998.12

For BDO ATM savings accounts, the required Average Daily Balance (ADB) every month is 2,000.

Your ADB (1,998.12) is lower than 2,000.

It means you were not able to maintain 2,000 in January.

This is the reason why you were again deducted 300 pesos again.

Note:
 * Many banks compute ADB on the last business day of the month.
 * If the last day of the month is a holiday, Saturday or Sunday, banks compute ADB on the last banking day of the month.

11 comments:

  1. ..'thank u mam...mam may isa pa po ako na tanong..pwede ko pa po bang kunin ATM ko sa kabayan savings ko ngaung nandto na poh ako sa pinas sa branch na pnagkunan ko nang passbook ko..???...at ilang araw ko poh bago mkuha?'wala po kasi silang sinabi sa akin dati na balikan ko ATM ko poh.thank u po.

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  2. Hello po ask ko lang po pano po kung ang balance nalang ng ATM debit ay 2 pesos.. tas pang 4 months na po ako na walang transaction.. di na po ba pedeng mag deposit ulit dun?

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  3. hello po mam/sir may tanong po ako pwde pa po ba akong magdeposit ulit sa account ko last ko nakapagdeposit jan 24 2016 pa po!pwde pa po ba nandito po ako sa ibang bansa..

    ReplyDelete
  4. paki email nalang po ako sa email account ko po thank you
    melodybinas2@gmail.com

    ReplyDelete
  5. Maam pag po ba hindi na kami nakapag withdraw at may balance pang 300 sa passbook automatic po ba yun na after 2 years ma close na ang account? Ty po..

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  6. My question is same with Ella...

    ReplyDelete
  7. May related question din po ako.
    What if ang ADM is above minimum pero ang month-end balance is zero (0), may penalty din po ba?
    Thanks in advance po sa sagot..

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  8. pag ang account zero balance automatic close po ba un

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  9. pag ang account zero balance automatic close po ba un

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  10. parang may mali ata bakit twice syang nag-karoon ng deduction dec 2015 at jan 2016 total of 600 pesos. hindi ba dapat 300 lang? diba 300 penalty for 2 consecutive months?

    "Your 300-peso deduction was your penalty for falling below your required Maintaining-Balance for 2 consecutive months (December 2015 and January 2016)."

    ReplyDelete
  11. Sa mga nagtanong uli kung bakit nadodoble yong penalty, nagiging 600 pesos, imbes na 300 pesos lang: First, hindi ko kinakampihan yong bank, ini-explain ko lang yong process nila.
    Kung halimbawa, last Nov 29 ay nabawasan ka ng 300 pesos, that means noong October and November (2 months yan), yong average daily balance mo noong October ay below 2k at noong November ay below 2k din. Two consecutive months na yan. Ngayon, kung sa Dec 29 ay makita nila na hindi mo pa rin uli na-maintain ang required na 2k average daily balance sa month of December, babawasan ka uli ng 300 pesos in Dec 29. Bakit eh nabawasan na nga noong Nov 29 ng 300 pesos? Mababawasan ka uli sa Dec 29, kasi two consecutive months ka uli na hindi naka-maintain (Nov and Dec). Holidays na yong Dec 30 and 31, so sa Dec 29 na nagco-compute yong system nila.

    ReplyDelete