What Is Maintaining Balance in Bank Accounts?

Updated March 23, 2019

Ano nga ba ang Maintaining Balance in Bank Accounts?

Bakit merong penalty of 300 pesos or more every month for NOT maintaining the Minimum Monthly Average Daily Balance for 2 consecutive months?

Maintaining Balance is the shorter phrase for Minimum Monthly Average Daily Balance (MADB).

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 and maintain our bank records, 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 comes out to be 2,000 pesos or more.

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.
One day, 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. Kasi one month ka lang hindi naka-comply sa balance requirement.

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.

Holidays or Saturdays/Sundays at the end of the month:
If the last days of the month are holidays, or Saturdays and Sundays, the bank computes the MADB on the last banking day before the holidays, Saturdays or Sundays.
For example, April 29  is a Saturday and April 30 is a Sunday, the bank computes the MADB on Friday, April 28.

Is there a Philippine law regarding maintaining balances?

There is. It’s in the Manual of Regulations for Banks (MORB), the implementing rules and regulations of the General Banking Law of 2000 and other banking laws.

These are the rules:

  1. The minimum MADB and the amount or rate of maintenance fee should be disclosed to the client in the Terms and Conditions of Deposit
  2. The maintenance fee is charged only if the account has fallen below the required MADB for at least 2 consecutive months.
  3. If there is any change in the minimum MADB, clients must be notified at least 60 days before the change is implemented. Means of notification are described in the MORB.
  4. One of the qualifying grounds for the charging of Dormancy Fee is that the account has fallen below the required MADB.

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) 


Add a Comment
  1. 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).

    1. Good Day Ma'am Nora,
      I've read all comments in your blog and i think its verry useful for us.I'm planning to open a saving account, can i ask a suggestion for what kind of saving account do i need to open? i dont want to keep it in my pocket because i'm a impulse buyer, i dont want to loose my money for nothing's important. And i have a plan to put up a small business next year thay's why i need to save it for now.

      hoping for your response.

      Thank you po

  2. 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?

    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.

    2. How come my balance in 10k+,yet they deducted 300pesos

    3. Helpful topic. Just want to share same incident with bdo. May 10k+ ako sa account nag withdraw ako ng umaga ng 9k then before lunch on the same day nabalik ko yung 9k with additional deposit. By the end of the month may 300 pesos deduction ako for the 1st time. As per 4 branch manager na na kausap ko po (iba't ibang branch manager sa Pasig at Makati pati yung branch manager ng branch ko). Basta sa oras na mag below maintaining balance yung account anytime of the day i-expect na po yung balance maintenance fee.

  3. 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.

    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.

      1. sonia t. delos sabtos

        gud am po
        medyo nagipit lang po kami at may urgent na dapat bayaran ang maintaining balance po namin 10k kung mag wirhdaw po akp ng 4k how much penalty nito

        1. Hi sonia, ngayong March nio iwiwidro? Okay lang, basta before April 1, dapat naibalik nio na yong 4k para 10k uli. Dapat everyday from April 1 to April 30, andon sa account yong 10k, at nang sa ganon hindi magkasunod na buwan na kulang sa maintaining balance ang laman at para walang penalty.

    2. Hi Ms. Nora, I just want to know po if it's same rule for Philippine National Bank(PNB) for passbook account. Thanks

  4. 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.

    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.

    2. Hi po i have concern my mother was pensioner sa SSS after finishing her lumsum and withdraw the money…and its about na makatanggap na sya ng monthly pension nya na 2400 ay walang laman yung ATM nya pumunta kami ng Sss at dinulog po namin yung problem sabi ng SSS nahulogan na po yung pension na march at april so balance inquiry na naman ulit wala parin so nag over the counter na kami… yung sabi ng counter hindi na daw makukuha yung 2400 na pension kasi po daw naka charge na po daw yun kasi na wala yung maintening balance na 500. Ano po bang solusyon dyan po.. talaga po bang di na makukuha ng mama ko.. di po sya aware na my maintening balance na 500.salamat po sa makakasagot po.. kasi pension yun ng matanda yun na nga nalang yung pera nya..salamat po

      1. Hi Aileen, noong nag-open ba kayo ng account ay meron kayong letter from SSS? Kasi baka ang inopen nio ay regular savings account, kaya merong maintaining balance. Anong banko ba ang sa mother mo? Let me check the maintaining balances of banks for SSS pension.

  5. 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?
    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: http://www.bdo.com.ph/contact-us

  6. 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?

  7. 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?
    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.

  8. 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!

    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.

    2. Hi pde ko nlng ba mawithdraw ung 10k remaining balance sa bpi passbook ko?

      1. Hello,if I decided to close the savings account, makukuha ko ba uli tung maintaining balance (for example 5k) or mapupunta sa bangko? Thank you.

        1. Hi Cloud Sky, makukuha mo ang maintaining balance mo. Kung gusto mo nang i-close, iwidro mo na lahat ng nasa account mo

          1. Planning to withdraw my 2k kasi medyo gipit kami at may sakit anak ko. Balak ko rin ibalik next week. Wala naman baang magging problema?

          2. Hi Honey Grace, mag-iwan ka ng few pesos, para hindi siya automatically mag-close. Kung magiging 0.00 ang balance, mako-close siya automatically. Kung 2k ang madeposit mo next week, dapat from Jan 1 to Jan 31, 2020 laging andon yong 2k, everyday, para walang penalty on Jan 31

    3. Hi Ms. Nora
      My atm already has no cash on it for more than 2 months already. Does that mean its closed already??
      If not, will the penalty still be 300php? Thank you

  9. 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

    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.

  10. 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

  11. 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
    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.

    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.

  12. 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.

    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.

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

  13. 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

    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.

    2. hi po miss nora, ask ko lang po di po kase ako nakakapag hulog sa passbook ko ng almost 2months? pero ung maintaining balance ko po andun parin,ung 18k ko po ba may interest po ba un? thank you and godbless po

  14. 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!

    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.

    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!

  15. 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?

  16. 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.

  17. 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! 🙂

  18. 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! 🙂
    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.

  19. 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.

  20. 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.
    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.

  21. 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.

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

  23. 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.

  24. 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.
    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.

  25. 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?

  26. 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?
    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.

  27. 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?
    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

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

  29. 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?
    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).

  30. 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?

  31. 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.

    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.

  32. 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?
    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.

  33. 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!

  34. 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

  35. 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?

  36. 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

    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!

  37. 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!

  38. 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!

  39. 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

    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

    2. Hi po mam nora.may question lang po ako. Nag open po kasi ako ng saving sa bpi which is yung atm po na 3k ang required ng maintaining balance.. ang tanong ko po. Ang sabi po kasi saking nung teller na pag kakuha ko ng atm ko aftr aweek po ang lalabas lng sa accnt ko at 2500 pero 3k po un binigay ko para mkapag open ang sbi po niya un 500 dw po nkahold ng 1month.then aftr amonth dw po tska mag rereflect yung 500 sa account ko.totoo po ba yun ang bakit po ganon.? Thank you po

  40. 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

    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.

  41. 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..

    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.

    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.

    3. Kapag po nasa 2pesos nlng ang naiwan sa bdo account kasi ung maintaining balance na 2k winithdraw nung july 16 tapos sa august 22 magdedeposit ng 10k magcoclose po ba ung account ko at machacharged po ba ako ng 300?

  42. 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 ??

  43. 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?
    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.

  44. 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. 🙂

    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.

    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.

  45. 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.

    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.

    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.

  46. 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.

  47. 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.

  48. 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?
    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."

  49. 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

  50. 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
    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

    1. Racel marie flores*

      Mam nora paano po zero balance na ang atm card ko ano long manyayari mag coclose po ba? *

      1. Hi Racel, kung 0.00 na ang balance, palagay ko closed na. Kung BPI ito, puede pang habulin, visit your branch. Kung BDO, hindi na, puede kang mag-open ng new account after mga 6 months.

  51. 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.

  52. 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.
    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.

  53. 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.

  54. 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.
    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.

  55. Hi, can i ask if i can still use my metrobank atm card after 1 year not using and no maintaining balance?

    1. I think your account is already closed. Usually once an account gets to zero or negative, it's automatically closed. Try making a balance inquiry at a Metrobank machine and see the response.

  56. Hi ma'am,pnuntahan ko po ung bank at slmat nman at ngkmali lng sila ma'am dun sa pgdeduct ng 5k, my nksbay dw kc ako ngwidraw e ung account number ko dw npindot nila, so un dinagdag ulit ung 5k.Sabi ng teller buti daw my pera pa sa account ung tao kya sa knya nila ideduct..thanks 4 d advice ma'am Nora,mrmi kaung ntutulungan.

  57. Good eve po mam nora kapag nagchecheck po ako ng balance sa metrobank ang lagi pong sinasabi e Your requested amount is greater than your balance. ang atm card ko po e eastwest po. may posibilidad po ba na closed na yung account ko? kasi po may hinihintay po akong pera dun galing philam life e

  58. 5k rural bank account deduction May 2, 2016
    Hi po, I went back to the bank and I'm thankful they admitted they made a mistake in deducting the 5k. I was told there was another one who also withdrew the same time as me, and they entered mistakenly my account number. So they credited back the 5k. The teller said it was good the account of the other person still had balance so they were able to deduct the amount. thanks 4 the advice mrs Nora, you're helping a lot.
    Thanks a lot for coming back to tell us what happened. I'm glad that they've credited back the 5k, and at the same time I'm so sad that they committed that mistake. What would have happened if you were not checking your balance? Banks should not commit that mistake. It's sad that some tellers are not giving full attention to their work, knowing that they're handling other people's money.
    But that also happened to my friend's account in a big bank, but it's the other way around. About 100k plus was added to her account. The next day, the 100k plus was gone. It meant that the money was deposited to her account by mistake, and it was discovered the next day. The lesson here is we should constantly check our accounts.

  59. Ryan Tugas, Eastwest atm account May 3, 2016
    Good eve po mrs nora. Whenever I check my balance at metrobank, the response is always Your requested amount is greater than your balance. Other times the response is Insufficient funds. My atm card is Eastwest. Is it possible that my account is already closed? I'm waiting for money coming from philam life.
    Hi Ryan, I think your account is still active because you're still getting a response. Usually the response if an account is closed is Inactive account or Invalid account or Account does not exist. Maybe your balance is not enough to pay the other bank's atm fee. Try making a balance inquiry at an Eastwest machine.

  60. BDO atm savings account with balance of only 265
    Hi good day. Would like to ask po if on April 27, my bdo atm savings account balance is only 265 pesos. Will it close? Or 300 pesos penalty will be deducted and will close? I plan to deposit money by May 5. Above 10K po.
    Did you maintain 2k or more in your account all the days of March? If you maintained 2k or more in March, you won't have a deduction for April even if you fell below the balance in April. But the last day of April has passed, so it means you can now make a balance inquiry to see if your account is already closed, or if your account is still active and the 265 is still there.

  61. Good day po…ask ko lng po…kng na withdraw ang 2k maitain balance sa atm..will it close automaticaly or meron po allonce days bago sya ma close! Last may 5 ko sya na withdraw this month…ngaun po balak ko mg deposit uli sa atm ko, pwidi po ba yon?

  62. Withdrawal of maintaining balance May 16, 2016
    Good day po. If I withdraw my 2k maintaining balance from the atm, will it close automaticaly or is there an allowance before it's closed? Last may 5, I made the withdrawal. Now I'd like to deposit again, can I deposit again?
    Is there some money (cents or few pesos) left in your atm account? If there's some money, your account is not yet closed. You can deposit. But if the balance is 0.00 or negative, it has automatically closed. You can check by making a balance inquiry at your bank's atm. If your account is BPI, you can reactivate your account by depositing at your bank branch. But you must maintain your account in June because if not, you'll be penalized with a deduction of 300 pesos. Remember the rule regarding 2 consecutive months of falling below the required balance.
    With other banks, they don't allow reactivation.

  63. I have a question about Metrobank atm?
    I check my metrobank atm account balance online and my balance is negative P600 which is 2 months service charge-below balance requirements.
    Last deduction was April 29, 2016.
    The minimum requiremwnt was P2,000
    Will it close automatically?

    1. Hi FlyHigh, based on comments on our blogs, Metrobank does not automatically close accounts when the balance becomes zero or negative. They're hoping the account owner would deposit money again. But obviously, most account owners would no longer want to deposit money just to be eaten by bank fees. It would be better to open an account in another bank. Eventually, Metrobank will close your account, as it will do them no good to keep on maintaining your account.
      If you don't have another Metrobank account, close your online banking account — that's another sign you don't intend to keep your account. If you're bothered about your account, you can go to your branch and tell them to close your account. Never pay anything. But if you don't have time, there's no law that says you have to formally close your bank account.
      Banks though have a rule which says there's a penalty, usually 300 pesos, if you close your account within one month after opening. I'm assuming you've kept your account for more than a month.

  64. Hi maam nora! My mom gave me money to buy an iphone as a graduation gift pero naisip ko after ilang years mawawalan sya ng value and now i am planning open a BDO passbook and deposit some of the money my mom gave me kung mag dedeposit ako ng 10 k as an initial deposit and another 5k next month since wala pa akong job balak ko sana sa september na ako maghuhulog ulit magkakaruon bako ng deduction? Thanks mam!

  65. About saving graduation gift in a BDO passbook account May 22, 2016
    Hi mrs nora! My mom gave me money to buy an iphone as a graduation gift but I thought after a few years, it will lose value and now i am planning to open a BDO passbook and deposit some of the money my mom gave me. If I deposit 10k as an initial deposit and another 5k next month, and since I have no job yet, I plan to deposit again in September. Will I have a deduction then? Thanks po!
    I'm so glad you're so mature. Others will be rushing to buy an iphone. And you're right, phones depreciate fast, as new versions are being released after just a short time. Yes, if you have valid IDs (your school ID is valid if it has not expired), you can open a BDO passbook account. Its maintaining balance requirement is 10k. About your question regarding deduction: No, you'll get no deduction because 15k is higher than the 10k maintaining balance requirement. You're not required to deposit every month, as long as your balance is above the 10k requirement, and as long as you do not let 24 months pass without any deposit or withdrawal.

    As you're still looking for a job, I suggest you open an atm savings account. Its maintaining balance requirement is only 2k. This is not doubting your ability to save, but this is just to be sure that you'll be able to maintain your account for a long time. But if you're very sure you can maintain a 10k account, go, apply for a passbook account. I hope you find a good job soon, and continue to save a lot.

  66. Hi ms. Nora

    I just want to ask po, kasi my bpi acct. po ako na my maintaining balance na 3,000 but iwinidraw ko yung maintaining balance po almost 6months na po.. My posibility po ba na close na yung account? Kasi nag deposit po ngayong araw ung husband ko thru remittance. Or mag dededuct sila nang penalty para sa 6months na yun?? Thanks po…

    1. Hi Dio Mondejar, I wished you told your husband your account status. Yes, I think your account is already closed. But BPI allows reopening. Try making a balance inquiry at a BPI atm. If it says your account is inactive or closed, visit your branch and ask if you're going to pay penalties if you reactivate your account. Ask how much. You might be asked to pay below-balance penalties for 5 months (that's about 1,500 pesos). Ask them what happens to the remittance if you will not reactivate your account because of the penalties. You will ask this so that you can ask your husband to amend his remittance from deposit to cash pickup at BPI.
      You can open a BPI Easy Saver account. It does not require a maintaining balance, but you pay 5 pesos for every atm withdrawal and every balance inquiry.

  67. Hi I opened an account for jumpstart sa bpi last March and dahil sa dumating na summer hindi na ako nakapagdeposit ever since na buksan ko yung saving acc ko possible po bang nakaclose na yung account ko ngayon? hindi naman po kasi kami na nainforn na may maintaining balance po pala nung nag apply kami para sa jumpstart. Ngayong pasukan palang po ako balak magsimulang mag deposit.

    1. Hi Karyhow much was your balance? If less than 300, your account might have been closed already, as the penalty for falling below the required balance is 300. Try making a balance inquiry at a BPI ATM to see if your account is still active. If it's active and you deposit again, you must deposit at least 1,500 and maintain it, so that you won't be charged again at the end of this month. The maintaining balance for JumpStart opened at BPI is 1,000. It's 500 if opened at BPI Family

  68. nice…thank you

  69. Hi Maam Nora

    Your blog really enlightened me but i'm 1% confused.

    If ever i meet my MADB for this month though my remaining balance for the end of this month is P1,500. Will i get charge for the penalty po ba because my balance is below 2k though i exceeded the MABD? Thanks po!

    1. Hi Chris, first the penalty is charged if you fall below your required MADB for 2 consecutive months. So if your MADB last May was 2k or higher, then you won't yet be penalized this June whether you fall below your MADB or not. Why? Because June will be your first month to fall below MADB.
      Now, about your question of having only 1,500 at the end of the month, but you maintained your MADB for the month: No, there's no penalty because you maintained your MADB even if your month's end balance is only 1,500. This means you had higher amounts (much more than 2k) during the other days of the month, so when your MADB is computed, the MADB is still higher than 2k.

  70. Can I ask a question? I have a UCPB atm account. The maintaining balance is 2k. I always deposit every month for the car loan that matures every 11th of the month. If in case that I withdrew 500 5days before the end of the month. And deposited on 2nd day of the following month. Will i be penalized with 300?

  71. Hi Syetepie, how much do you deposit every month for the car loan? And how many days does it stay in your account? Do you deposit that amount on a certain day and then the next day it's debited for the car loan? So it stays in your account for only one night? And most days your balance is only 2k?

    1. I usually deposit the amount every 30th of the month then it is debited every 11th of the month. It is always in maintaining balance of 2k. I transfer money to other banks because I am afraid of double debit. What if tomorrow i withdrew 500 which will make it below 2k. Will i be penalized? Even if i replenish it by end of month?

  72. Hi Syetepie, since you did not write the amount deposited for your loan, I can't compute, but you can compute. Add all your end-of-day balances for each day of the month. If your total for the whole month is 60k (for 30-day months) or 62k (for 31-day months) or more for the month, then you have maintained your account for that month. The 300-peso penalty is charged only after you fall below the 2k average daily balance for 2 consecutive months. This is charged from month to month until you restore your account to maintaining-balance level.
    So if you fall below the balance for a certain month, make sure you maintain the required balance for the following month.

  73. Ahhh ok. I can withdraw the 500 and should replenish it soon before the end of month to avoid penalty

  74. hi mam.. nag open ako ng account last month sa security bank 5,000 yung maintaining balance ko pero nawindraw ko kahapon yung 4,900.. baka sa katapusan ko pa ng july mabalik, kelangan ko na ba magbayad ng penalty sa july pag deposit ko? 100 nlng kase balance ko so balak ko magadd nlng ng para sa penalty kapag nagdeposit na ko sa july

  75. Hi maam, ngapply aq ng Bpi express teller saving accounts nung ngwowork pa po aq initial deposit nya 5h and may mMADB na 3k po from 2013 po until now no transactions po..pnu po kya un kung ipapareactivate acct?

    1. BPI atm account opened in 2013 with initial deposit of 500 and no additional deposit ever since 2013:
      I suggest you no longer reactivate this account, as it was most likely closed about 3 months after opening, as you did not maintain it. It's not practical reactivating it as you will be required to pay huge penalties. It's better that you open a new account. Try this BPI Easy Saver account.

  76. Security Bank account with 5k maintaining balance
    hi po. I opened an account last month at security bank, with 5,000 maintaining balance. But I withdrew yesterday 4,900. I might be able to return the money towards the end of july. Do I need to pay a penalty in july when I deposit? My balance is only 100 so I plan to add money for the penalty when I'll deposit in july.
    Do you mean you opened your account in May? This June, you have not maintained your account because you withdrew 4,900. Assuming you have maintained your account in May, you will not yet be penalized because it's only this June that you have not maintained your account. To be sure, make a balance inquiry at an SB atm in July 2 to confirm if your account is still active.
    If still active, and if you deposit again towards the end of July, you will be charged 300 pesos on July 31 because you have not maintained the required balance in June and in July.
    Make sure you maintain your 5k in your account every day of August.
    If you're still starting in your career, it might be better to close your account and
    open a BPI Easy Saver
    or an account with a 1k maintaining balance.

    1. yes i opened my account last may 13 this year, so may chance na maclose yung account eventhough may 100 pesos na balance?

    2. I asked you to check your balance on July 2 because I don't know SB's policy about just-opened accounts – if they compute your MADB for the month of May. Because if they use the MADB formula for May, you'll fall below the MADB. You also fell below the MADB this June, which means you fell for 2 consecutive months. But if SB does not use the MADB formula for May because you've just opened your account on May 13, then you're safe this June. No penalty at end of day today, June 30 or early July 1. And because you said you'll deposit 4,900 towards the end of July, you again won't be able to maintain your MADB in July — this means 2 consecutive months of falling below MADB. You'll be charged 300 at end of day on July 31.

  77. BPI Express Teller account June 29, 2016
    Hi po I applied for a Bpi express teller saving accounts when I was still working. initial deposit was 500 and MADB of 3k po. from 2013 po until now no transactions po. What if I I reactivate my account?
    It's better that you do not reactivate your account. It's been closed for a long time, and it's not wise to pay a big amount of penalties just to reactivate.
    You can open a new account with BPI and then maintain it. BPI Family Bank's atm account has a lower MADB — it's only 1k.
    Or you can click the BPI Easy Saver link above this comment to read about a no-maintaining-balance account.

  78. Hello Ms Nora.

    I just happen to know about your site today, i find it really helpful and concise. My concern is, I have a BPI account and like the others, I was also being charged for P300.00 service fee for 4 consecutive months already. I had this reported to bpi and they told me na hindi ko daw na maintain ang P3000 ADB. I tried to follow yung instruction nila to keep a maintenance amount of 3k or more yet again, I got another service charge of P300.00. Also, I read from their email saying 'your account can be waived for incurring monthly service charge fees if you are receiving at least 1 remittance(s) per quarter'. In my case, I have been receiving remittances 2x every month for more than I year now. Tama po ba ang intindi ko na – kung meron kang remittances na natatanggap hindi ka dapat magkaroon ng mga service charge monthly kahit hindi ka nakapag-maintain ng ADB mo? I hope you can enlighten me on this matter. Looking forward to hearing your reply. Thank you po, in advance. 🙂

    1. 300-peso Below-Maintaining-Balance Penalty:
      If your maintaining-balance requirement is 3,000, then your account is not the BPInoy account which can be maintained by a foreign remittance of at least once every quarter.
      You should maintain 3,000 pesos or more in your account every day of the month. If not everyday, maintain a much higher amount in several days of the month so that when average daily balance (ADB) is computed, your ADB will result to 3k or more.
      I suggest you open another account with a lower maintaining balance or if you like the BPI Easy Saver account. This is zero maintenance, but in exchange, you are charged 5 pesos for every atm withdrawal and every atm balance inquiry — it's better than being charged 300 pesos.
      There's also the BPI Family Savings atm account which requires only 1,000 for maintenance.
      After your new BPI account has become active, inform your sender you have a new account, and after he has replied, close this 3k-maintenance account, and say goodbye to penalties.

    2. Thank you for your suggestion Ms. Tamba, that was truly helpful.. 🙂 I just wonder why my account has changed that way, kahit ako po nagtataka since this was just a normal savings account. As you know, I have been asking tons of clarifications thru their email account, but each time BPI would reply – they would write me a lot of technical terms which in most cases difficult to comprehend, if not, mostly vague answers parati.. Anyway, I'm glad I read about this page.. Thank you once more. And I hope marami pa po kayong matulungan.. 🙂

  79. Hi Ms. Nora, this is my question….About BPI Family Savings MADB:
    My MADB is 5,000
    I withdraw 2,000 last June 16, 2016
    If I will deposit back the 3,ooo on July 5, 2016. The balance will go back to 5,000. But, if the bank compute the MADB at the end of July 2016,the MADB will surely fall below 5,000. My question is, how much will I add to 5,000 so that the MADB at the end of July 2016 will be 5,000 or more?

    1. I will assume that you withdrew 3,000 because you said you will deposit back 3,000.
      I will assume also that you will deposit today, July 6.
      July has 31 days, so your total of daily balances for the month should be 155,000 (from 31 x 5,000).
      From July 1 to 5, your total of daily balances is 10,000 (from 2,000 x 5).
      So you need 145,000 more to have a 155,000 total.
      145,000/26 days = 5,577, rounded to 5,600
      Deposit at least 3,600 today to add to your 2,000 so that your balance for each day for the rest of July is 5,600. Do not withdraw until August.

    2. Ok Thank you maam. Nagkamali ako ng type. 3,000 na withdraw ko. Ibabalik ko ang 3,000. Actually mam, alam ko na formula ng MADB computation, I learn it from your blog. Kaya ako napatanong kc iba sabi ng taga BPI. Dapat 5,000 daw deposit ko to make it 7,000 para secured daw na hindi ma service charge. Masyado naman yata malaki. I keep on arguing and explain everything about madb computation pero they insist na dapat 2,000 daw madagdag sa maintaining bal na 5,000.

    3. Hi Norman, that's great. I'm so glad that you are computing. Natutuwa ako. Compute again, kasi iba na yong computation ko dahil you said you re-deposited 3,000 only. Kulang yon. Basta dapat at least 155,000 yong total ng daily balances from July 1 to July 31.
      About the tellers, busy kasi sila, so iisip na lang sila ng safe answer, so tataasan nila. Compute ka uli, to be sure.

  80. Hi Ms. Nora, this is my question….About BPI Family Savings MADB:
    My MADB is 5,000
    I withdraw 2,000 last June 16, 2016
    If I will deposit back the 3,ooo on July 5, 2016. The balance will go back to 5,000. But, if the bank compute the MADB at the end of July 2016,the MADB will surely fall below 5,000. My question is, how much will I add to 5,000 so that the MADB at the end of July 2016 will be 5,000 or more?

  81. Good day Ms. Nora! I have a powerteens savings account in BDO (2,000 minimum balance) and nung June 29, I converted it into a regular peso savings account (10,000 minimum balance). BDO has been deducting 300 pesos for 3months (March, April, May) already from my powerteens account since I wasn't able to maintain it. However, when I checked my account this July, they still deducted 300 in my newly converted account. I went to my branch to ask about this since I just converted my account and I expect na bago po ulit lahat, na hindi na counted yung previous balance ko for the MADB. I'm not satisfied with the answer of the branch officer. She said that the deduction is still connected from the previous month which I don't believe since I just converted my account. There was no advise from the teller who assisted me that my account was still below the maintaining balance when I converted it. If only I knew this, I would have just close the account and open a new one instead paying 300 pesos again for the service charge or nagawan ko pa po sana ng paraan para mameet ko yung MADB.

    1. BDO Maintaining balance penalty: Hi NA, I'm puzzled why you converted into an account with a bigger maintaining balance, from 2k to 10k, when you said you are not able to maintain the 2k-maintaining account. Sorry but you were not able to maintain your account, so they deducted the penalties. Ang hindi lang maganda ay alam na nila na you failed to maintain the 2k-maintaining account, why did they offer you the 10k-maintaining account?
      Anyway, just learn from the experience and see what you can do better.
      Do you need this BDO account for remittance from your parent or relative abroad? Are you allowed to open an account in another bank? Because you can open a zero-maintaining account in another bank. Read information about BPI Easy Saver account.
      After you have opened this, withdraw all your money from your BDO account and deposit to your new BPI account. Then tell your sender you have a new bank and new account no. Easy Saver is good for young people who are still starting handling their finances. It's better to pay 5 pesos for every atm withdrawal and every balance inquiry than paying 300 pesos every month for maintenance.

    2. There's this letter po from BDO that says that the powerteens account will all be converted into a regular savings account which has a 2k minimum maintaing bal. for atm and 10k minimum for atm and passbook. I choose the latter because I can retain my account number and I needed a passbook. I've been with BDO for 5 years already and it's just this past few months that it went below because I am very busy in school that I can't even deposit my savings in my account. It's actually the first time that I experienced this deduction in 5 years. I'm disappointed with the teller for not advising me that there might be a deduction if I will still continue the account considering it will fall short on the required MADB of 10k if I got it converted. She was also shocked about it when I returned and asked her since she also believed that it just got converted so why the deduction. She asked the branch officer and the officer told me "Diba ikaw naman yung may gusto na i-retain yung account number. Tsaka below maintaining ka kasi last month, connected yung ngayon sa last month mo kasi for 2 consecutive months na below madb may deduction." Also, I just computed my MADB for the month of june and if the maintaining is 2k for the month of June, the MADB doesn't fall below that. But since I got it converted to 10k in the last week of the month, the madb will really fall short. If only the teller advised me about that sooner then I'd make a better decision. They can actually see po pala in their monitor if your account is below maintaining or not. Sa tingin ko po hindi natignan ng teller yun.

      Regarding po in opening an account in other bank, BPI is not a good choice for me. 5 pesos every withdrawal is a burden since there will be a lot of times in a year that I need to withdraw more than 10k in a single day which means EVERY transaction will be 5 pesos and I don't want the super long lines in the BPI branch near us.

      I'd still choose BDO. We just need to be a WISE saver AND we should ALWAYS monitor our MADB. This is a lesson that I just learned in my 5 years relationship with BDO.

      Thank you so much for your response Ms. Nora! 😁

    3. Hi NA: Thank you for commenting again. You're financially savvy, so I'm happy for you. It's great to know you're able to save from your allowances, and you're able to make wise decisions. Yes, it's also good to have a passbook so you can see your records of transactions. Keep being smart, keep saving and have a nice day!

  82. Good Day Ms. Nora!

    This blog is very helpful. I now understand my MADB of 5,000.00 in ChinaBank.


    What is the Minimum Balance to Earn Interest needed worth 10,000.00? Is that the amount I should have so I can get 0.25% per annum, subject to 20% withholding tax interest rate.


    1. Hi Francis: yes, you'll earn interest only if you're able to maintain at least 10k in your account. If they're computing interest quarterly, you should be able to maintain at least 10k for 3 consecutive months to earn interest. Yes, the interest earned will be reduced by 20%.

  83. Got it! Thank you Ms. Nora, Good bless you po.

  84. Hi Mrs. Nora!

    As of January 2016 100 pesos ung natira sa balance ko sa Metrobank. Mula non d pa ako nkapagdeposit till now. Does that mean na 6 300s ung penalty sakin? And what should i do if i just want to close my account.

    1. Hi Ken (Metrobank account): If Jan 2016 was the first month your account was below maintaining balance, yes, you're right, you have been penalized 6 300s, and your account balance is most likely -1,700.
      What to do? Make a balance inquiry at a Metrobank atm. If you can see your account balance, or if it says "account on hold," it means your account is not yet closed. If it says "account closed" or "account not existing", then closed na ang account mo, and you don't have to do anything.

      If your account is not yet closed, you can either ignore it, or visit your branch.

      Majority of people would do nothing about it. Common knowledge naman na pag hindi na-maintain ang account, the bank penalizes the account, at pag wala nang balance, it automatically closes the account.

      Ito lang kasing Metrobank, there have been several people who have commented here and in some Pinoy forums, that after some years of leaving their Metrobank accounts inactive, they were surprised to receive a letter from Metrobank, instructing them to go to their branch and close or reactivate their account. The question is why would Metrobank maintain an inactive account for many years. Meron din namang isa who said that after getting the letter, he went to Metrobank, and the teller told him to ignore the letter as it was a miscommunication.

      But if this issue bothers you, and it is a big thing for you, wala namang mawawala if you go to your branch and ask the teller "closed na ba ang account ko?" Kung closed na, eh di good. Pag hindi pa, ask them, "please close na."
      And never reactivate it, sayang naman yong 1,700 plus mo. And never pay anything to close. Wala kang dapat bayaran. Wala namang rule sa closure, except yong 100-peso penalty if account is closed within 30 or 60 days after opening, at yong the bank has the authority to close your account for a valid reason.

  85. Hello Ms. Nora! Very helpful po mga information ninyo..May I just ask kung mas maganda po ba yung Optimum Savings compared to the usual passbook savings ng BDO? Salamat po ng marami

    1. BDO Optimum Savings Account: Maganda ang Optimum kasi pang-savings talaga itong account na ito. Higher ang interest rate kesa sa regular accounts. 0.25% ang annual rate sa regular accounts; baka 0.50% or 0.75% to 1% kapag Optimum, depending on the balance.
      Pero I suggest na i-open mo lang ito kapag meron ka nang existing bank account at name-maintain mo ito. It means na kayang-kaya mo nang mag-maintain ng high-balance savings account at hindi ka withdraw ng withdraw. The maintaining balance of Optimum is 30k, so you should maintain at least 30k in your Optimum account, everyday. Huwag iwidro. If there are days na less than 30k, dapat during the other days, much more than 30k ang balance para at the end of the month, pag i-average na, 30k pa rin ang average daily balance for the month.
      The penalty for below-maintenance is 300 per month, every month na hindi na-maintain, starting on the 2nd consecutive month the account was not maintained.
      Go, start saving, or keep on saving.

  86. Hello, tanong ku lang po tungkol sa maintaining balance, for example 2k, i have 2k on the first day of the month and still 2k on the end of the month, magkaka'penalty po ba ako? Salamat.

    1. Hi John anthony: Let's say na 2k ang maintaining balance requirement. Kung every day of the month, from the first day of the month to the last day of the month, andon yong 2k mo, na-maintain mo yong account for the month.
      Pero kung first day and last day lang andon yong 2k mo, at yong ibang araw ay cents lang or few pesos ang laman, hindi mo na-maintain yong account mo for the month.
      Buti na lang ang rule is magka-penalty ka lang kapag hindi mo na-maintain ang account mo for 2 consecutive months. Halimbawa, hindi mo ma-maintain ang account mo this August and next month, September — magkaka-penalty ka ng 300 pesos sa Sept 30.

  87. Hi Ms. Nora

    Thank you for this blog. this is very helpful.
    Everything is in laymans term. and you answer all queries.

    Do you work in a bank? If so, can you also talk about different investments for an average juan. If you already have, can you send me a link. I like the way you discuss topics, it is easy to understand. God Bless.

    1. Hi girley, thank you so much for your encouraging words. It inspires me. Makes my day 🙂
      No, I don't work in a bank. But I've been a client of banks and their products since I was very young. And I've had lots of both bad and good experiences with them over the years.
      I'm glad you're interested in basic or not-complicated investments. Ganon naman dapat — invest tayo starting with those that we understand fully, and then gradually read up on higher-level investments.
      If you're just starting, you can put your money in a time deposit. Puede sa BPI Family Bank, the biggest savings bank, or puede namang any bank near your residence or work. Pag malaking pera, of course, dapat sa any of the top 20 banks na. PDIC's deposit insurance covers only up to 500,000 pesos.
      Puede rin sa Pag-ibig's 5-year MP2 savings scheme. I like this because its interest rate is 4% or more, malayong malaki kesa sa 0.25% ng savings accounts. Comparison between MP2 and SSS PESO savings schemes
      Thanks again and God bless din
      Would you please like our Facebook pages so we can get in touch from time to time: WorkingPinoy.com Facebook and BanksPhilippines.com Facebook

  88. Cherry Te August 29, 2016
    hi po mrs nora, ask ko lang po di po kase ako nakakapag hulog sa passbook ko ng almost 2months? pero ung maintaining balance ko po andun parin,ung 18k ko po ba may interest po ba un? thank you and godbless po
    Hi Cherry, oks lang that you haven't deposited in 2 months because you have at least 10k in your account. This means your balance is far above the maintaining balance requirement. Yes, your balance is earning interest. The interest rate for savings accounts though is super low, so don't expect much. Your goal is to save a lot so that later on you can transfer your money into a time deposit. You can also read about mutual funds and real estate now so later on you can invest in mutual funds or real estate.

    1. By the way, God bless din, Cherry

  89. I will look into Pag-ibig's savings program. Also, I already like your facebook page so I can get informative updates from you.

    Thank you Ms. Nora, may God Bless you always.


  90. Bob September 1, 2016
    How come my balance in 10k+, yet they deducted 300pesos
    Hi Bob: Was your 10k+ in your account every day of August? or if your balance was almost 11k, was it in your account in most days of August?
    Because what banks compute is the average daily balance for the month, not the balance at the end of the month. If you add all your balances every day of August (from Aug 1 to 31), there should be at least 310k, so that when 310k is divided by 31 days, the result will be at least 10k.

  91. By the way, the penalty is charged on the 2nd month the 10k ADB is not maintained, so this means you also did not maintain your account last July.

  92. if ever po hindi ko na maintain yung adb na 2k per month and I decided to withdraw the maintaining money and open an another account nalang na hindi kelangan ng maintaining balance, hindi po ba ako magkakapenalty kapag nagzero balance yung account ko na yun? or hindi na naging active?

  93. Hi ellimac: Kapag naka-more than 1 month na yong account mo, okay na siya na i-close, if you like. Kung ma-widro mo lahat up to the centavos, at mag-zero balance (0.00), automatically ma-close na yong account mo. Kung closed na, wala ka nang account, and no more account to worry about. Pag merong matira na centavos, ma-automatically close siya at the end of the 2nd month.
    After you withdraw your 2k at merong matira na, for example, 98 pesos, puede mong gamitin yong atm card mo sa supermarket pambayad ng anything worth 98 pesos, if you like.

  94. Hi, ask ko lang po.. may payroll account po ako sa metrobank.. since october 2015 d na po nahuhulugan yun at wala nang laman..then around november 2015 nawala yung wallet ko kasama yung debit card ko, hindi ko na nireport since di ko na naman gagamitin dahil nag AWOL na ako sa company kung saan ako nag work before.. nakareceive ako ng message sa facebook ko galing sa ka work ko na nag awol din na nagkaron daw kami ng penalty sa metrobank kasi yung Payroll account naging personal account. and walang notification yung metrobank samin na ganun gagawin nila. Ngayon i'm in debt with -573 pesos in my account. Question ko lang po eh kung possible na ma waive yun since ang purpose lang talaga nung metrobank account ko is for payroll purposes. wala akong balak mag open sa kanila ng personal account.

    1. Followup info. Gusto ko na din kasi i close yun since di ko na nga ginagamit yung account ko dun. so pag pina close ko sya di kaya pagbayarin ako ng 573 pesos? o pwede ko ipa waive yun?

    2. Metrobank payroll account: Ang mga banks talaga naghahanap kung saan sila puedeng maka-profit. Wala namang banking rule that an account owner should close his account formally. Eh kung wala nang laman, dapat automatically i-close na nila. Lahat ng mga sumulat ng ganitong case ay all former Metrobank account owners. Walang taga ibang bank. Eh super dami kaya ang nag-o-open ng account tapos napapabayaan na lang.
      You can ignore it. Wala ka namang na-violate na banking rule or law. But if it bothers you and you keep thinking about it, at malapit lang naman ang Metrobank branch sa yo, you can visit your branch and tell the teller you are closing your account because you have left the company that got you the payroll account. If ever you are required to pay, ask them what it's for, and tell them it's the first time you have encountered such a requirement like that. Never never pay anything. Wala kang na-violate na rule or law. Wala kang liability sa kanila.

    3. Hi Nora Thanks sa info.. hindi talaga ako makatulog ng maayos dahil dito.. i visited the branch earlier this morning.. then sinabi din nila sa akin na wag ko na lang daw pansinin yun dahil after 30-60 days auto close na yung account. nagtanong ako bat di pa na close yung account before eh sobrang tagal nang hindi nahuhulugan. sabi sakin nung nakausap ko sa bank eh dahil daw dun sa natirang 2k na dineposit ng company ko which is yung backpay. akala ko kasi wala na kaming makukuhang backpay dun sa company na yun kasi nga nag awol kami. ayun sabi na lang sakin eh sayang yung 2k dahil kinain lang ng atm without me knowing na may naideposit pala na pera dun.at kaya daw di na cclose pa kasi ngayon pa lang naubos yung pera na naka deposit at ngayon pa lang mag sisimula yung bilangan para ma terminate na yung account. wala akong binayaran ni isang centavo.. yung pamasahe ko lang papunta sa metrobank ang nagastos ko. Now I can finally sleep well. Hehehe

    4. Hi Lorenz: Thanks for coming back to share your experience. May nalaman na ngayon ang mga nag-a-awol na puede pa ring maibigay yong back pay nila. At tip na rin sa mga payroll account owners na maganda rin na iche-check yong atm card nila from time to time kung merong possibility na meron pa rin silang back pay. Sayang din yong 2k. Pero anyway, ok na rin at solved na yong iniisip mo. Thanks again for sharing! Have a good night's sleep.

  95. hello po. may tanong lang po. Nag withdraw po ako nung July 18, hindi ko po na-maintain ang 3k balance sa account ko. Last aug. 31, nag-deduct ng 300 pesos. If magdeposit po ako ng 3k or above sa account ko, magde-deduct po ba ulit ng 300 pesos this month?

    1. Hi Jellyace: Hindi ko ma-compute ng exact kasi hindi ko alam kung magkano ang balance mo from Sep 1 to today. Ganito ang gawin mo: There are 30 days this September. At sabi mo 3k ang required maintaining balance mo. BPI siguro ito? Multiply natin ang 30 days x 3k. Result is 90k. Dapat kapag i-add mo lahat ang balances mo every day from Sep 1 to Sep 30, ang result ay 90k. Ngayon, kung mas mababa sa 90k, dapat dagdagan mo pa yong ideposit mo, hindi lang 3k, para 90k or more ang total result if you add all balances every day from Sep 1 to 30. Please comment na lang uli

  96. When i deposit 4k every month i will never have any penalty ???

    1. Hi abbygielle: Oh that would be great! You'll be able to save a lot of money! Implement this plan and you'll be glad you started saving early in your life.
      How much is the required maintaining balance of your account? I hope you already have this amount in your account when you opened it, and that you have maintained it. And now that you plan to deposit 4k every month, yes, sure, your account will never have any penalty.

  97. Maam, my remaining balance from my bdo account was 1 thousand pesos only, last march 2015 pa yun. Now yung mother ko nagdeposit ng 106thousand pesos from greece at pumasok naman, pwede ko kaya makuha yun ma'am?

    1. Hi ShanShan: Yes, puede mong widrohin kasi account mo yan. Ang maximum withdrawal limit sa ATM is 50k per day. Ang maximum limit per atm witdrawal is 10k. If you need to withdraw more, withdraw the rest over the counter.
      Sabi mo 1k na lang ang balance mo last March 2015, at your mother sent 106k. Kabayan ba ito? or regular atm account? Ang balance mo ba ngayon is 107k plus? I asked kasi nakakatuwa naman na hindi nagbawas ng penalty ang BDO kahit walang foreign remittance in the past 18 months, or hindi na-maintain over the past 16 months. I hope you can comment again. Thanks

    2. I mean po dipa ako nag update at tinatanong ko po kung clinosed or dormant na ung account ko ma'am . Regular peso savings po Last transaction last march 2015 po

    3. Hi ShanShan: Sinabi mo kasing "at pumasok naman." So I thought na nakita mo na yong balance mo. Mas malamang na automatically closed na ang account mo, at nawala na yong 1k na balance doon. Make a balance inquiry at a BDO atm. Kung hindi na active, visit BDO with your ID and ask if you can reactivate your account and how much you will pay for the penalties. Kapag hindi na puede, ask them kung anong remedyo para makuha mo yong padala ng mother mo from Greece. Malamang ang sasabihin nila ay ask your mother to go back to where she sent the money in Greece and make an amendment, meaning i-change niya yong "deposit to account" to "CASH PICKUP at BDO" to you para makuha mo na lang yong remittance mo over the counter.

    4. ShanShan: I meant visit your BDO branch.

  98. Hi po ma'am…

    tanong lang po!

    May peso savings account yung may passbook at atm card sa BDO…below maintaining balance na po siya..as a matter of fact, di ko na matandaan kung may balance pa ba siya or kung wala na talaga.. If I remember it right, 2015 last ako nagwithdraw.. Tinuring ko na siyang close account, as in parang wala na akong paki.. Ngayon may pera ako, nais ko sanang ibangko, magagamit ko pa kaya yung BDO Account na yun? May penalty kaya? Natatakot kasi ako baka magdeposit ako ng 15,000, tapos dedeductkan nila. Yung 300 na charge ba nila, sa kabuuan na yun? or monthly? Halimbawa 20months ng below sa madb, mga 6000 kaya ichacharge nila? (20×300) or 300 lang?

    1. Hi JunO: ang charge nila ay monthly, from month to month. You're right na kapag 20 months na below balance, ang total penalty is 6000. Mag-open ka na lang ng ibang account. Yong atm savings na lang, para 2k lang ang maintaining balance requirement.

    2. Kung mag-oopen ako ng bagon account sa kanila, di kaya ako nila kaltasan? Kung nag zero balance na yun, di kaya naclose na yun? Chineck ko sa BDO online yung account na yun, N/A na nakalagay sa Balance… Nung nag-open ako 5000 lang maintaining tapos naging 10000..

    3. Hi JunO: Sorry I missed your response. If you open a new account, hindi nila babawasan yan nang penalty for your closed account. Una, most likely closed na yong old account mo.
      Para maayos, i-check mo muna itong old account mo. Check your balance using your atm card. If it says no existing account, or account closed, then you can apply for a new account. Easier to maintain yong atm savings account nila na 2k lang ang maintaining-balance requirement.

  99. hi po ma'am..tanong ko lang po..within two years hindi ako nagwithdraw or nagdeposit sa BDO Passbook ko pero may deposit ako na 3,000.00..close na po ba ung account ko if ever?wala na po ung 3,000.00 na dineposit ko?

    1. Hi Prev: oo, most likely na-closed yong account mo after 11 or 12 months from opening. And most likely, nakain na yong 3k mo ng below-maintaining-balance penalty, which is 300 pesos monthly. Try making a balance inquiry using your atm card. Puedeng ang response is No existing account or account closed. You can consider opening a BDO atm-only savings account (2k maintaining balance) or a BPI Family atm-only account (1k maintaining balance) or a BPI Easy Saver account (zero maintaining balance, but has 5-peso charge for every atm withdrawal or balance inquiry).

  100. hello po. Nagkapenalty po ako last August kasi di ko na-maitain yung 3k. Tapos nung september po, i was able to maintain my account again, pero nabawasan po ulit ng 300 nung sept 30. Mababawasan po kaya ulit sya this month kahit 3k or more na ang balance ko?

    1. Hi Jellyace: Is your account atm-only savings? No passbook? Because usually passbook accounts require 10k.
      Now, if your maintaining balance requirement is 3k, my question is: was there 3k in your account every day of September? From Sep 1, 2, 3, etc. up to Sep 30? If yes, call your bank and ask why was your balance was charged with a penalty.
      Oks din naman na less than 3k in some days, pero dapat in other days, much more than 3k na yong balance para pag average daily balance is computed, 3k or more pa rin ang result. Dapat kung i-add ang daily balance from Sep 1 to Sep 30, ang magiging result is 90k (3k x 30 days).

    2. atm card. Bpi. hindi po ba kaya sya nabawasan ng 300 ulit, is to pay for my previous penalty? 2700 na lang po ang balance ko. If ma-maitain ko na ulit ang balance, magdededuct po ba ulit at the end of this month?

    3. Hi Jellyace: From Oct 1 to Oct 5 ba ay 2,700 ang balance mo? Deposit 500 pesos tomorrow Oct 6 so that your balance will be 3,200 pesos starting Oct 6. Do not withdraw any amount. Dapat 3,200 ang balance mo every day of October starting Oct 6 until Oct 31.
      If you do this, you will no longer be penalized on Oct 31. On Nov 1, comment here if you did this, and you were still penalized by 300 on Oct 31.
      Are you still a student? Or a new employee? I suggest that you open aBPI Easy Saver account. This has zero maintaining balance requirement. But it charges 5 pesos for every atm withdrawal and balance inquiry, kapalit ng zero maintenance. Pero mas okay na ito kesa 300 pesos penalty, di ba? May interest din naman at insured din. You can start saving with it.
      After opening this Easy Saver, close your existing regular atm account, and transfer all your money to this Easy Saver account.

    4. Hi Jellyace: By the way, pag mali ang intindi ko at 2,400 na lang ang balance mo (2,700 minus 300), comment ka na lang uli. Comment ka na rin pag mag-Easy Saver ka na lang.

    5. student pa lang po.
      Yes, 2700 na lang po ang balance ko ngayon. Thank you po.

  101. Hi Rommel Santos: What savings account should you open? You sound so determined to save, so I won't recommend this BPI Easy Saver, although you can choose this, if you decide so.
    I suggest you open at a good bank nearest your residence or your work. This is important because in order to save money, you need to deposit a lot, and if you pass by your bank many times, you will always think of depositing more.
    Here are savings accounts that require low maintaining balances.
    I hope you can comment again, and share with us what account you opened.

    1. Hi Mam Nora,
      BDO Bank is the nearest bank here in our area. I'm planning to open a passbook saving account,do you think mam that is the best choice to choose BDO as my partner in saving?and do you think passbook account is the best choice to pick?i dont want a atm saving, lots of atm machine anywhere its easy for me to withdraw.

      Awaiting for your response
      Thank you po

    2. Hi Rommel: Sorry for the delayed response. I went to vacation in a place where there's no signal.
      Yes, BDO is a good bank. In fact, BDO is the biggest bank in the Philippines right now. Yes, the BDO passbook account is good for saving. Start with at least 10k pesos or more, as 10k pesos is the maintaining-balance requirement for this account. I'm glad you have the desire and commitment to save. You might want to also save with the 5-year-term Pag-ibig MP2.

    3. Hi Mam Nora,
      Thank you mam for your time, i will think about it, for now, i will open first saving account in banks.

      Thank you
      God Blessed

    4. Hi Rommel, God bless too!

  102. Hello Tita Nora

    Kakaopen ko lang po ng savings account sa bdo. 2k po ang maintaining balance. Sa di inaasahang pangyayari, kailangan ko po iwithraw ung 1500 sa inital deposit ko na 2000. Mapepenalty po ba ako agad? salamat po


    1. Hi jv, about BDO account: October mo ba inopen at Nov ka nagwidro? If yes, wala ka pang penalty, kasi kung hindi mo maibalik agad ang 1500 at hindi mo madagdagan ang deposit mo this November, first month pa lang ang November na below maintaining-balance ka. Kapag sa December ay hindi mo pa rin ma-maintain ang account mo, ma-cha-charge ka nang 300 pesos na penalty sa Dec 29

    2. yes mam. october po ako nag open..example po nov 1-15 is 500 lang po laman ng account go and sa 16-30 is 3500. aabot po kaya ako sa maintaining monthly?

      by the po, thanks you so much for your reply 🙂 kailangan ko po kasi ng patnubay niyo.

    3. Hi JV: Let's compute your average daily balance for Nov. Nov 1 to 15 na 500 ang laman: 500 x 15 = 7500. Yong 16 to 30 na 3500: 15 x 3500 = 52500. Total from Nov 1 to 30: 7500 + 52500 = 60000. Divide by 30 days of Nov: 60000/30 = 2000. Ayan, exact na 2000 ang average daily balance for Nov. This means you were able to maintain your account this Nov.

    4. wow. thank you so much tita nora ")

  103. Hello po mam may bdo atm and passbook po ako.
    Ask ko lang po kung ma withdraw ko po yun maintaining balance na 10k?
    Thank you po

    1. Hi ryan: Puede namang mawidro kung kelangan mo talaga. Pero dapat merong matira na few pesos para hindi ma-automatically close. Last month, October, ba ay na-maintain mo ang account mo? If na-maintain noong October, ok pa naman na hindi mo ma-maintain ngayong Nov. Pag Dec, hindi mo uli ma-maintain, macha-charge ka na ng 300 pesos sa Dec 29, at kung negative na ang result, ma-automatically closed na.

    2. Ok sge po salamat po..
      9k something pa po.. nag try po kami nung nov 1 ayaw po nya ma withdraw bakit po kaya?

    3. Hi ryan: baka bagong open lang itong account nio. Usually, pag wala pang one-month since date of account opening, hino-hold nila yong ibang amount. Or baka naman yong atm machine na ginamit nio, up to 4k or 5k lang ang maximum withdrawal amount. Try nio 4k muna.

    4. Lagpas na po sa one month.. security tska pnb po nag withdraw.. try ko po mmya.
      Nag try po ako kanina.. landbank switch network erorr po..

    5. Hi ryan: I hope you've tried a BDO machine and have already withdrawn your money.

  104. Good Day po!
    I opened my account in BPI last October 4, 2016. I chose the 3k maintaining balance. As of now, I didn't meet the required maintaining balance yet and I still have 3 more weeks to deposit and maintain the required balance and for tge fortuitous event happened, I withdrew 500 leaving only 600 cash balnce. And the next day I deposited 1300 so as of today I have only 1900. My question po is, will it incur penalty once I didn't meet the required balance until December 4? Or automatucally BPI will deduct 300 after I withdrew the 500? Thank you so much. God blessZ

    1. Sorry for the typographical errors Ma'am

    2. Hi Nelson: Okay lang ang mga typo errors, basta I can get what you're writing about.
      It's now November, the second month since you opened your account, and the 2nd month you will not be able to maintain your balance, since you said you'll only be able to deposit on Dec 4. Based on banking rules, you will be penalized with a deduction of 300 pesos on Nov 29.
      BUT not if: Did BPI tell you that your first month (October) is free of the 3k maintaining balance requirement? That the requirement begins this Nov? I asked this because they allowed you to open a 3k-maintaining-balance account for only 1100. If yes, then you won't yet be penalized this Nov 29 because it will be the first month you're not able to maintain your account. If this is the case, you should maintain your account this Dec, so you won't get a 300-peso deduction for not maintaining your account for 2 consecutive months.

    3. Whay if Ma'am I'll just go to BPI and close my account and start with BDO since it offers lesser maintaining than BPI? It's a lot more convienient since BDO has numerous ATM?

    4. I'm planning Ma'am to close my account in BPI and try to have in BDO, what is the best way you can suggest, since I'm just a member of BPI for only 5 weeks?

  105. Sorry for being naughty Ma'am, is it possible for a BPI member with a maintaining of 3K apply or degrade to a member of easy saver (the one with no maintaining balance since I was just a student) Thank you Ma'am!

  106. Hi Nelson: Yes, I was about to suggest to you BPI Easy Saver. Paying a 5-peso fee per atm withdrawal and per atm balance inquiry (with Easy Saver) is much better than paying 300 pesos for not maintaining the balance requirement (with a 3k-maintenance account).
    Yes, you can go back to your branch and request to open an Easy Saver, and after opening, close your 3k-maintaining-account, and put all your money in your Easy Saver.

  107. Hello ma'am, I want to be avail the easy saver but I have an express teller member with 3k maintaining, how can avail the easy saver? I want to close my 3K maintaining account because I can't meet the required balance since I'm just a student. Thank you!

  108. Ma'am I will withdraw my cash balance and inquire anew for easy saver? My problem is, will it already incur a penalty since I wasn't avail to meet the maintaining balance for the past 5 weeks? And lastly, I deposited yesterday around 4PM and as of now my deposit of 1300 did not reflect on my account when I checked my online banking account. Thank you again!

    1. I checked my online banking and my 1300 deposit in not yet in my account?

  109. Ma'am I will withdraw my cash balance and inquire anew for easy saver? My problem is, will it already incur a penalty since I wasn't avail to meet the maintaining balance for the past 5 weeks? And lastly, I deposited yesterday around 4PM and as of now my deposit of 1300 did not reflect on my account when I checked my online banking account. Thank you again!

    1. Nelson: where did you deposit 1300? over the counter? If yes, it should already be in your account

    2. Hi Nelson: Yes, you can open a new account (another account or 2nd account) because they're different in category — one is Easy Saver, the other is a regular atm account. The reason I suggested you open an Easy Saver first before closing your regular atm account is so that you have a ready Easy Saver account first before closing your regular atm account.
      Another option is the suggestion you told me yesterday — that is to convert your regular atm account into an Easy Saver. I know they don't do any conversion, but there could be a change and they allow it now, so you ask them.
      About your 1300 deposit, check if it's in your Current balance, but not in your Available balance.

    3. Hi Nelson: By the way, are you near a BPI atm? So you can check your balance?

    4. Thank you Ma'am it really helps me to decide what kind of savings and which bank I'll have to be with. As of now, I already have both regular savings and the Easy Saver, one of the employees suggested that I should go on Monday, withdraw my 1300 and deposit in over the counter. But some vague issues I'm worried about,
      Is the card I have now is the card I'll be using for the easy saver?
      My regular account is still open, so after depositing my 1300 OTC, should I go to the customer service to close the regular saving?
      If new card will be issued, when will I get this?

      Thank you so much Ma'am

  110. Hi Nelson: the atm card you have now is for your regular savings. You will get your new atm card for your Easy Saver maybe on Monday or any day next week. Ask the officer.
    When you go to BPI on Monday, make an atm balance inquiry so you will know your exact balance. Then fill up a withdrawal slip. Write the exact amount, up to the cents. For example 1,300.08. This will indicate to the teller that you're closing your account. She will ask you, and you'll say yes.
    Fill up also a deposit slip, the same amount as the amount you are withdrawing.
    Then present the 2 forms to the teller, telling her "iwidro ko po ito, then ideposit ko po dito".
    After this, go to where you opened your Easy Saver, and ask kung meron na yong atm card mo. Present your ID.
    Hope you can share your experience. Keep on saving. Maganda yan, student ka pa lang, committed ka na to save. Pag malaki na, i-time deposit mo. Pag lumaki pa, i-invest mo yong iba sa mutual fund.

    1. Thank you so much maam, especially for the advice and instructions you've imparted. Some other time if I still have queries, I won't hesitate to ask you po Ma'am. Maraming maraming salamat po uli!

    2. Hi Nelson: Welcome! I'm happy if I can help a bit. And thanks too for your questions. Others can learn from them.

    3. Welcome Nelson thank you for appreciating my efforts

  111. Hi Ms. Nora, may concern po ako regarding sa MADB, mag oopen po kasi sana ko ng Savings account. Pag nagccompute po ba sila nito exactly at the last day of the month? Kasi pano po kung yung sweldo is 30th or 31st, tapos makakapgdeposit ako next day pa. So ibg sabhin, hndi makacount ung deposit ko ng next day sa MADB?

    1. Hi Charmaine: Ang computation of MADB is on the last business day of the month. Ang gawin mo is choose a low-maintenance account (BPI Family atm account – 1k pesos only; BDO atm account — 2k pesos; BPI atm account — 3k pesos; China Bank Savings Basic atm account — zero maintaining; BPI Easy Saver — zero maintaining, but 5-peso fee for atm withdrawal). Ask about other banks na malapit sa work or residence mo. When you open an account, ideposit mo na agad yong required maintaining-balance, at huwag mo nang galawin, huwag mong widrohin, para kahit kelan ka magdagdag, okay lang, dahil andon naman na sa account mo yong required maintenance niya.

  112. Hello maam, i have debit card and may balance na 2,000, kaka open lang this month, pwede ko ba utangin or kunin ko muna 500 then wala pang two weeks mag dedeposit ako ng higit sa 2,000 pesos magkaka penalty po ba ako sa ganun na gagawin ko.?

    1. Penalty: Kakaopen mo lang today, December 1? If yes, puedeng bawasan mo, then deposit uli, basta make sure na in January, ang balance mo every day is 2k or more.
      Nagkaka-penalty lang naman ng below-maintaining-balance penalty kapag 2 consecutive months (magkasunod na 2 months) na hindi mo ma-maintain ang account.

  113. Good day, may 2500 po ako sa BDO account ko (2547 to be exact), tanong ko lang about dun sa 300 pesos deduction.

    1. In case na magwithraw ako ng 2500, yung 300 pesos penalty po ba posible mag-accumulate until such na magka-2k po ulit? (mimimum balance ko po dapat is 2K), example. nag-Withdraw akong 2.5k this december.. after 7 months of saving money i have lets say 5000 pesos (im a college student by the way), so 7 months means 2.1k in penalty. yung 5k ko po ba eh magiging 2.9k na lang kasi 7 months ako walang laman yung atm ko?

    2. macoclose ba yung account ko if a do withdraw everything from my atm?

    Thank you very much 🙂

  114. hi po. i have a BPI atm account. below maintaining balance siya. 2500 na lang siya nung last ko na gamit sa kanya nung January. Is it still active or closed na? thank you.

  115. Hello po!

    Ask ko lang po kaka open ko lang ng savings account sa bpi yung may 3,000 maintaining balance at 500 na initial deposit. Nag deposit po ako ng 5,000 nung nag open ako account so nung nag change po ako ng pin number nag check ako ng balance. Total balance ko po ay 5,000 but my available balance is only 4500. Bakit po ganun? Thank you po.

  116. Hello po. ask ko lang po kasi nag open ako ng account sa bpi. may maintaning balance sya na 3,000. yung dineposit ko po 10,000. need ko po ba maghulog ng 3,000 every month? kahit hindi naman ako magwi-withdraw dun? tapos balak ko po every month magdeposit ako ng 1,000. bali savings ko lang po talaga.

  117. Hi madam. Kung ang maintaining balance ko ay 2k..at hnd aq nakapag deposit in 1,2, or 3 months or mahigit pa. Mababawasan ba ang 2 k? Kelangan ba every month meron ako madeposit? Pag hindi nakapag deposit nababawasan ba?
    Your reply will be very much appreciated po. Thanks.

  118. Hello po ma'am Nora you can call me Chris . I don't have any experiences on opening an account and now I'm planning to open. What do you think po which is better in opening an account with a passbook below 18 years old ,in BDO or Metrobank? I want to save
    money kasi eh. And also if it is fine if I just deposit 2k if I opened account in your preferred bank? And if nangyari po ba yon na makapag open po ako ng account at
    Hindi ko ginalaw yung 2k na NASA account ko Hindi po ba ako magkakapenalty ng 300 if I exceed in the 2 consecutive months without depositing in the bank? tapos po, if I continue depositing naman at na maintain ko Parin yung 2k sa account Hindi po ba ako magkakapenalty in the coming months? Hope you understand my question because this is my first in opening an account and I'm below 18 yrs old and hoping you'll reply. Thank you in advance! =D =)

  119. I hope you'd be able to read this pa.

    I'd like to ask lang kung sakaling within a year from the day I join BDOADC I don't want to continue, magbabayad ba ako ng P300? Or what would happen?

  120. Ms. Nora, which one's better: BDO ATM Debit card Visa or MasterCard? How do they differ? Can't seem to find the answer on BDO's site eh.

  121. Maam nora hulog ka ng langit. Kakabukas ko labg ng bank account tapos nagalaw ko yung pera at nabelow maintaining balance ako, nataranta ako so nag deposit agad ako para hindi ako mapenalty. Akala ko ganun mangyayari hindi pala. God bless u maam nora!

  122. Follow up question lang po, do i have to worry about madb kung wala naman talaga akong balak galawin yung 2000 na maintaining balance ko?. Kumbaga iniisip ko na lang untouchable talaga yung 2000. Tapos deposit deposit na lang every now and then and withdraw ocaasionally para hindi madormant. Tama po ba maam?

    1. Hi Dennis: Thanks a lot for appreciating my blog. It inspires me. BDO atm savings ba ang account mo? If yes, tama ka na basta huwag mong galawin yong 2k mo, safe ang account mo from penalty. Oo, tama ka na isipin mo na untouchable ang 2k mo. Good word yan — untouchable. Pahiram ng word mo pag sumagot ako sa iba 🙂 Tama ka rin na deposit every now and then para lumago ang savings mo. Tama ka rin about withdrawing occasionally, kung kelangan.
      Kahit puro deposit lang at walang withdrawal, hindi mado-dormant. Thanks again, and happy saving! Sana dumami pa ang mga savers sa atin.

  123. Hi po.. I have a savings account sa Bdo po.. then last Jan.23 na withdraw ko po ung 3k ngayon po may 8pesos nalang akong balance? Pag po ba nagdeposit ako by March 1 may penalty na po ba ako? Thankyou po

    1. Hi Jenny, kapag sa March 1 ka pa magdeposit, baka closed na. Kasi noong January, hindi mo na-maintain ang balance mo. This February, hindi rin. So magiging 2 months na hindi mo ma-maintain. This means meron nang 300-peso charge on the last business hour of Feb 28. Dahil 8 pesos na lang ang balance, magiging negative ang result. It will automatically close.
      Sana, today, makadeposit ka ng mga 8,400 para mahabol mo yong 3k na average.
      If you are just starting, I suggest BPI Easy Saver — ito ay walang maintaining balance, pero merong 5-peso charge every atm withdrawal and balance inquiry. Mas okay na ito kesa sa 300-peso penalty. BPI Easy Saver

  124. Hello po! Thank you for the information. Question lang po, lahat ba ng bank ganito mag compute ng MADB? Thank you so much po!

    1. Lahat ba ng banks?: Yes, most banks ganito ang pag-compute ng monthly average daily balance, or average daily balance for the month.
      Pero merong banks na sobra ang interpretasyon. Meron akong natanong na savings bank (nasa No. 20s ang ranking niya) na dapat daw yong maintaining balance ay nasa account every day of the month. Halimbawa, kung 2000 ang maintaining balance, dapat every day nasa account yong 2000, at merong penalty kapag merong araw na lower than 2k ang balance, kahit kapag i-compute ang average daily balance ay 2k or higher. Kasi puede namang mahabol ang maintaining balance requirement (magdeposit nang much more sa ibang mga araw para makahabol).

  125. Ms. Nora, what would you recommend me to have – BDO ATM Debit card VISA or MasterCard?

    1. Hi Alj: They're almost the same, no significant differences, although if you're a traveler, Visa might be better as Visa usually offers more travel promos. These past weeks, Visa offered Grab promos. Visa is more popular in the US while Mastercard is more popular in Europe.

  126. Helo Tita Nora 🙂

    Kakaopen ko lang po kanina ng BPI savings account 3k maintening balance. NextWeek follow up ko nalang po yung atm card para makuha na, pwede na ba akong mag deposit on that day ng 2.5k para maging 3k kasi 500 yung initial deposit. Tapos tita nora kung sakali next month is april tapos end of the month of april below maintening balance ako kailan papasok yung penalty pag end of may na ba or june? nalilito kasi po ako kung every month or every second month :3 at magkano po ang penalty?

    1. Hi Joeferson: Yes, puede yang plan mo. Pero puede nang magdeposit ngayon ng 2.5k kung meron ka na. Active na yang account mo. Yong atm card lang ang wala pa, pero puede nang depositohan yong account mo. Ang account number mo ay nasa initial withdrawal slip mo. Ten digits.
      Dapat sa April, everyday, from April 1 to 30, andon yong 3k mo, para sure na maintained ang account mo. Kapag hindi mo na-maintain ang account mo sa April, meron nang 300 pesos na deduction (penalty) on April 30 or May 1.
      Try your best not to withdraw your 3k.
      Later on, kung nahirapan ka sa maintenance, mag-open ka na lang ng Easy Saver, then close your regular account. Easy Saver charges a 5-peso fee for every atm withdrawal and balance inquiry, pero mas okay na ito kesa sa 300-peso penalty. Keep saving.

    2. Salamat sa info tita nora 🙂

      About naman po sa Easy saver. Ang plano ko talaga mag open ng no maintening balance. Ng pagkaharap ko dun sa teller ang nasabi ko is mag open ako ng savings account then binigyan nya ako form para e fill-up ng matapos na, pinaliwanag nya na 3k yung maint balance. So medyo gulat ako kaya tinanong ko kung meron pa ba yung no maintening balance. Ang sagot nya po kasi daw savings account yung sinabe ko then sa mga estudyante etc. lang daw yung pwede mag open ng no maint balance hindi kasali mga employee so no choice na ako that time :C

  127. Hi ma'am Nora. Ask ko lang po sana about checking account. Kasi po nag open po kasi ako ng checking account two weeks ago dahil yun po ang nirerequired ng ka transaction ko po. Kaso nag back out po ang ka-transaction ko. Since di ko na gagamitin ang checking account at nag woworry din po ako sa magiging charges if hindi ako makapag deposit.Plan ko po sana na iwithdraw nalang ang initial deposit ko sa metrobank na 10K at ipaclose nalang .maaari po bang iwithdraw at makukuha ko po ba ang initial deposit at magkano kaya ang magiging charges?
    Sana po ay matulungan nyo ako..
    SALAMAT PO and More Power sa inyong Blog. "VERY INFORMATIVE"

    1. Hi jhie: Huwag mo muna agad i-close kasi merong charge ang closure of new account within 30 days from opening date. Hindi ko makita itong charge na ito sa website ng Metrobank pero sa ibang bank usually 300 pesos ang charge. Pero kung mawidro mo lahat ang 10k pesos via atm, puede.
      Meron ka bang savings account sa Metrobank na matagal na?
      Nagtaka ako na it was so easy for you to open a checking account at Metrobank.
      Hindi mo na ba kailanganin ang checking account in the near future? You need a check when you buy a car or a house on installment. Pero big responsibility rin ang tseke, lalo na ang post-dated check. Keep secure your booklet.
      If you decide to close, do it after 31 days.

  128. And thank you, Jhie, for appreciating my blog. Makes me happy.

    1. Good evening ma'am Nora.. Wala po kasi kasama na ATM any checking account na inopen ko. Over the counter po. At yung sa savings account po sa metro bank .ang ginagamit ko po Atm yung sa payrol po ng company pinapasukan ko. Yun narin po ginagamit kong savings account. Mawiwithdraw ko po kaya over the counter ang initial deposit ko na 10k ..ok lang po kahit na may charge na 300.00 kesa lumaki pa ang charges kung tumagal. At isa pa po gusto ko rin na maayos ang record ko sa metro bank.

    2. At isa pa po pala ma'am makakaapekto po ba yon sa payroll savings account ko,metro bank din po ang gamit ng company? Ang account number po ng payroll savings account ko NASA company. Ma lilink in po ba nila yun checking account ko sa savings account ko sa company without my knowledge and permission?
      Salamat po sa reply.. 🙂
      God Bless po!

  129. Hi Ma'am Nora,
    Thanks for your very helpful blog and sharing of your knowledge as well, to all of us. I hope you could help me on my inquiry below:

    I opened a bdo savings passbook account with MADB of 10k last January 19. On the first month, on February 8 I urgently needed to withdraw the 3k but was able to put it back or deposit it back before February 19. Then the bank staff told me to still deposit another 2k or 3k so as not to get a penalty, I complied with it. So I maintain a 12k balance on my account until March 24. Then I withdraw 1k from it last March 25. So total account balance of March 28 is 11k. I am planning to withdraw 500 pesos from it on March 29. May I get your advise ma'am if I will be penalized for this transaction or do I have to deposit again (what is the best timetable) to not be penalized for my MADB? I hope I explained my thoughts clearly ma'am. Also ma'am, I want to get your advise since i opened this account for a future trip to Korea on October. I am quite anxious with my transactions As it may leave a bad presentation of my account once I submit my bank certificate. I hope you could help me on this. Thanks in advance mam.

    1. Hi Ella: If you plan this account as a support to your visa application, then try your best to maintain a bigger balance in your account, unless someone in Korea will vouch for your financial needs in Korea.
      About your maintaining balance questions, I'll make a post about it so more people can read it. I'll get back to give you the link

    2. Thanks for the prompt reply, Ms. Nora. Really appreciate it. For my Korea tip ma'am, my trip is scheduled on October Do you think I still have an ample time to prove it? Thank you!

  130. Hi po ulit ma'am Nora. Is't possible po ba to transfer a checking account to savings account? How much the charges po kaya?

    1. Hi jhie: Hindi puedeng diretso. Close your checking account, then open a savings account. Puede ring maunang open a savings account, and then close your checking account.

  131. Hi Ms. Nora, Binabawasan din po ba ng 300 ang SSS pension account sa BPI kapag bumaba sa 100 ang maintaining balance nito?

  132. Helo po tanong ko lang po sana kasi 2months na pong zero Balance ang Bpi account ko 1k po ang MB nea.. now po balak ko pong mag save ulit don sa Account na un. Mag pepenalize po ba ako ng 300 pagka nagdeposit ako ulit sa BPI account ko na un? Ano po pwd manyari ? Please sana may sumagot ko . Maraming salamat po .God bless!

  133. Good Afternoon Po. BPI Jumpstart savings po ang gamit ko and as far as I know, 500 po ang maintaining balance nito. Zero Balance na po ang account ko kasi nawithdraw ko na po lahat for some reasons last january. Possible po bang magamit pa ulit yung card kung magdedeposit po ulit ako ? Tsaka magkakaroon po ba ng charges?

    Sana Po Mabasa niyo ang concerns ko.. Thank You

  134. Halimbawa maam nag bawas ako ng 1k sa 2k na maintaning bal.ko tapos ibabalik ko sa 26 kasi 13 ngayon then 26 kupa maibabalik mag babawas parin po ba ng 300

  135. Hi Mam Nora,
    The below maintaining balance penalty, can this be disputed? Especially if you were not informed about it. Where do you see this information about the penalty? Is it on the application form? Thank you.

    1. Thanks a lot for your question. You gave me an idea to write another post. Here is my post that answers your question: Can I Dispute a Below-Maintaining-Balance Penalty?"

  136. Well, in my case,my account has a maintaining balance of 3000, my question is, what if i exhaust all the money in my account, wull my account be close or i will just penalize?

    1. Maintaining balance of 3000: If your balance turns to 0.00, your account will be automatically closed. If this is BPI, you can still reactivate it by going to your branch with your IDs. You might pay 300 or more for penalties, depending on the number of months that you were not able to maintain your account.

  137. ate paano kung maynagpapadala sayo ng 7000 every month pero nakakatanggap lng ng 6000 or 5000?

    1. Big deduction from padala: Bakit ganon? Masyado namang malaki yong deduction? Kung within the Philippines ang nagpapadala sa iyo, dapat walang deduction. Kung from abroad, dapat mga around 100 pesos lang yong inward remittance fee. Kung laging below-maintaining-balance ang account mo, dapat ang deduction is 300 pesos lang, kasi usually ito naman ang penalty amount ng mga banks. Bihira naman yong 500 ang penalty.
      Dollars or foreign currency ba ang ipinapadala? Ask your sender na i-convert na into peso doon sa abroad bago ipadala. Usually mas malaki ang palitan doon kesa yong conversion rate na ginagamit ng banks sa mga padala.
      Dapat call your bank, or visit your bank and ask. Sayang naman yong mga deductions. Maintain your account, or open an account with lower maintaining-balance requirement.
      Yong BDO cash card, walang maintenance, pero up to 10k lang ang puedeng kargahin ng cash card na generic (no name on the atm card). Up to 25k if merong name.

  138. Hi meron po akong tanong, kung ang savings account ko po ay ATM lang at walang kasamang passbook, pwede po ba akong mag withdraw over the counter kung ang i wiwithdraw ko po ay more than 50k n allowed sa atm?thks po ma'am.

  139. Hi mam, I had a passbook account with BDO before with maintaining balance of 5k. Then after I think 3 months, something happened and I needed to withdraw all the money I have deposited. Will my account be automatically closed? It's been years now and I want able to put the maintaning back. And will it also affect my credit standing. Thank you po.

  140. Hi miss nora,

    I have a question. What if I withdraw all of my money (including the maintaining bal) from my passbook to transafer to the other bank? Is there a fee for it? Thank you so much 🙂

  141. Hello! I just want to inquire my situation. I have a checking acct with BPI that has a maintaining balance of 10k. Last week I got 1k from it leaving 9k. I have issued a check today for the amount 13k. I have deposited 13k yesterday. Will that draft go through even if I wasnt able to complete the 10k maintaining?

  142. Hi po mam nora.may question lang po ako. Nag open po kasi ako ng saving sa bpi which is yung atm po na 3k ang required ng maintaining balance.. ang tanong ko po. Ang sabi po kasi saking nung teller na pag kakuha ko ng atm ko aftr aweek po ang lalabas lng sa accnt ko at 2500 pero 3k po un binigay ko para mkapag open ang sbi po niya un 500 dw po nkahold ng 1month.then aftr amonth dw po tska mag rereflect yung 500 sa account ko.totoo po ba yun ang bakit po ganon.? Thank you po

  143. hello po,
    may maintaining balance din po ba ang mga seafarers?
    salamat po

  144. Magkano po ang maintaining balance ng debit card sa bdo?

  145. Hi maam
    I just to ask if for example i opened my account june and the maintaining balance is 2k, winithdraw ko po ang laman na 2k un ung maintaining blance nung july and magdedeposit po ako ng 10k sa august 22, magcloclose po ba ung account ko? Machacharged po ba ako ng 300? Thnkyou

    1. Ang account ko po ay BDo
      For example po ba nagwithdraw ako ng 2k nang july 16 at ang naiwan nlng ay less than 5 peso at may maintaining balance. And im planning to deposit 10k on august 22 machacharged po ba ako ng 300?thanks

  146. Gudev po. .ask q lng po qng withdraw q ngaun ung 5k from my bdo savings passbook matitira po is 5k n lng which is half of the required maintaining balance n 10k. .kelan po xa mababawasan ng 300

  147. Hi mam Nora a very informative blog that you have here good job! So a quick question, is there a maintaining balance for accounts opened by my company for bpi express savings. I can't seem to find the right answer. Thanks in advance

  148. Good day po maam!

    Nag.open po ako ng savings account sa security bank with maintaining balance of 5k yesterday,and 5k deposit
    so now i decided to switch to BPI account without maintaining balance so will the bank allow me to disclose my account?

  149. good am po ms. nora tamba.. last transaction ko was last yr june 2016..my bal is 10,8**.tanong ko lng po kun pwede q mawithdraw yun 10k maintaining bal ko sa metrobank? need it for emergency reason.makoclose po ba yun acct q? pls. response. thanyou

  150. Mam Nora may acct.po yun anak ko sa security bank junior acct.nung una 100 pesos LNG po ang maintaining ba..bigla po nag bago ang maintaining bal ng acct.naging 5000 na po wala po ako ka alam alam na yun po 3000 pesos na laman ng acct.ay naubos na po..

  151. hello, can i ask this question.
    What if iclose ko yung BDO savings account ko, would i still get the maintaining balance?

  152. Close my BDO savings account?: Is your account more than 31 days old? I mean did you open your account more than 31 days ago? If more than 31 days, yes, you can close your account without any penalty, and yes, you can get back your maintaining balance in full. Why, is your maintaining balance on hold?

  153. Maam nora question po. Nascam ako ng cocolife at mukhang mahirap daw magrefund dun. In 3 months ma aauto debit ako sa bdo ko. Ataw ko na makipagusap sa kanila kasi baka may maaway lang ako. Can i just abandon the cocolife insurance and my bdo altogether at hindi na hulugan ang bdo ko? Wala bang magiging problema? Thank u po.

    1. Hi Dennis: If you believe na na-deceived ka by their marketing tactics, oo, puedeng hindi mo na hulugan ang BDO account mo at mako-close na lang. Hindi naman crime ang account closure at hindi ka naman nag-issue ng check na magba-bounce. Hindi naman crime ang hindi na itutuloy ang pagbili or pagbayad ng insurance or pre-need product. Wala ka namang kinuhang physical product.
      Kung yan na ang desisyon mo, kunin mo na yong balance mo sa BDO account mo para wala nang makuha pa.

  154. Hi mam ,ask ko Lang po my remaining balance in my savings account in bdo is 500 mag pe penalty po ba ako or ma close po Yung account ko .. hopefully you help me regarding my question…

  155. Hi Cherry: Itong account mo ba ay yong 2k ang maintaining balance? If yes, kung dalawang buwan na 500 lang ang laman, mababawasan ka ng 300 sa last business day of 2nd month. Sa 3rd month na wala pa ring dagdag, mababawasan ka uli ng 300, at mako-close na automatically kasi negative 100 na ang balance (200 pesos minus 300 pesos). Kung below maintaining balance ka last April, if you can, dagdagan mo na ngayong May 6 or 7 ang account ng 1700 to 2k para hindi mag-penalty at the end of May.

  156. Hi mam nora. Ask k lang if ang landbank ba eh nagrereactivate ng closed account? I opened an account with landbank last october 2017, then nkapagdeposit pako ng october and december. Then by december winithdraw ko lahat ng laman including tha 500 pesos na maintaining balance. Then i checked yesterday s atm invalid account number n dw po. Is is possible na mareactivate ulit ang account kasi may inaantay kaming pera n papasok dun s landbank account number n yun kasi yun n naipasa namin,kung magpapalit ng account number di n ata mavavalidate kaya if pwede sana ipa re activate nlng ulit

    1. Hi Ronin: Sorry my response is delayed. Go asap to Landbank and ask. If they allow reactivation, you will surely be asked to pay around 300 pesos per month starting December. Some banks, like BDO, do not reactivate; some banks do, like BPI, but you'll pay penalties.

  157. Hi Ma'am. Just wanna ask, last May 10,2018 I recently converted my payroll account to my personal savings account. And I was told that there will be a maintaining balance of 2k if I do that, so I deposited 2k on that account. The teller advised me that if it will be below the minimum balance, it will be automatically closed. I was confident that the money in that account is above 2k. Then on Sunday, May 13, 2018, I opened my Spotify and remembered that I am under a premium account in Spotify since August 2017 and the mode of payment that I chose was directly thru my BDO account. So as soon as I remember that, I went to an ATM machine to check the balance in my account and sad to say, it only has 1,800 pesos. I am really nervous if this account is already closes or deactivated since I was told by the teller that. And tomorrow May 14,2018 is a Holdiay due to elections so I cannot confirm this from my Bank. I really need this account because I will use this in my visa application. Would help me and tell if this account is completely/automatically been closed or deactivated? Please help me. Thank you so much and God Bless!

  158. Hi Ma'am. Just wanna seek for your help. Last Friday (May 10, 2018) I went to my Bank BDO Pasay Branch, I converted my payroll account to my personal savings account. I was told by the teller that there will be a maintaining balance of 2k if I do that, and the account will be automatically closed/ deactivated if it will be below the minimum balance. So I deposited 2k pesos to my account, I didn't even bother checking the balance in my ATM because I know it is still above 2k. Since then, I've never opened my account. Then, just last night (Sunday – May 13, 2018), I opened my spotify and I remember that I was using a premium account in spotify that is being paid every month for 129 pesos, and I also remember that I linked my BDO account to my spotify and chose to have the payment automatically be deducted thru my account. So I was bothered, I immediately when to any ATM machine to check the balance in my Account and sad to say, it only got 1,800 pesos. This is already below the maintaining balance. Would you help me witht this? Also, is my account already been automatically closed/deactivated by BDO as what the teller said? I really need this account as I will use this for my visa application. Thank you so much and God Bless you.

    1. Hi Aika: I don't know why the teller told you that it will automatically close if your account falls below maintaining balance. What I know is that most banks, including BDO, automatically closes an account only if the balance becomes zero or negative.
      Your account is still active because you were able to see your balance. If it were closed, then you should have not accessed it. It should have displayed "Account closed" or "No existing account."
      Deposit asap into your account to increase your balance to at least 2,200. And remember to add money monthly to provide for your monthly spotify payment. Enroll your account in BDO online banking so you can track your account and see why your balance became 1,800. God bless too and I hope you can share why your balance became 1,800.

  159. Hi maam, I would like to ask if the bank (PNB) will still charge me penalty if I wasnt able to deposit the minimum maintaining balance of 3000? April 23 nawithdraw ko po kasi yung lahat ng 3k then may balance pa na 41php then planning to deposit back the 3k before may 23 but nadelayed po due to some financial crisis then nadeposit ko na mga around may 28-31. what will happen po?

  160. Hi Maam, nagpagawa po ako last week sa BDO ng ATM savings account, pwede ko ba yon pagawang passbook pag nag 10K na po yung balance nya? And hindi po ako mababawasan ng penalty basta po i maintain ko yung 10K na balance? Please reply po thanks.

  161. Hi mam,
    Paano po ito, ang maintaining balance ko sa Savings account ko sa BPI is 50,000 pesos. Pero ang balance ko na lang is 12,000 pesos since March 2018? Is it a big problem?

  162. hello po mam .. ang palage ko pong dinideposit evry mont is 10k, pwede ho bang bumaba pa ang hulog ko magiging 5k ,?pwede ho ba un

  163. Hi mam. Nag open po akong ng checking account sa china bank nung tuesday po(nov.6) with maintaining bal.5,000 po. Gusto ko pong mah wedraw ng 4k this po for emergency. Pwdi po ba yun? God bless po.

  164. Hi ask ko Lang po kung anu na nangyare sa account nyo? Active pa din pu ba??? I still have 3k+ in my account but I’m planning to withdraw the 3k due to emergency. May matitira pa Kong P83. If maibalik ko din after a week Yung 3k may penalty pa din pu ba???

    1. Hi Monica, make sure merong matira. Withdraw sa atm ng bank mo para walang charge. Walang penalty kung na-maintain mo ang account mo last November at ma-maintain mo sa Jan 2019 at nang sa ganon ay one month (Dec 2018) lang na hindi mo na-maintain. Pag 2 consecutive months na hindi na-maintain, merong penalty starting on the last business day of the 2nd month.

  165. Hi Mam Nora, same lang po ba and BPI and PNB kapag na withdraw ko yung 3k na maintaining balance at maibalik ko din naman within 1 month wala pong magiging penalty yun? Gusto ko lang po ma confirm though I read naman po lahat ng comments ninyo 🙂

  166. Hi po ask ko lang po kung mababawasan po ba ang savings ko sa merto bank kung hindi poko naghuhulog monthly or umabot pa hanggang kalahating taon po. Thankyou po!

    1. Hi Liberty, magkano ang nasa account mo? Ang amount ba ay equal or more than your required maintaining balance? Pag passbook ang account mo, 10k pesos ang maintaining. Pag regular atm, 2k pesos ang maintaining. Pag ang balance mo ay equal or more than your maintaining balance requirement, walang bawas o penalty kahit hindi ka naghuhulog monthly or kahit umabot ng 6 months or 23 months. Pag umabot ng 2 years na wala kang deposit o withdrawal, mado-dormant ang account mo, meaning maging hindi siya active, at kelangan mong pumunta sa branch mo with your IDs to reactivate your account.

  167. Hi Ms. Nora,

    Below maintaining balance ako for 2 years pero tuloy tuloy nman hulog ko sa bank — hirap lang po ako ikeep ung maintaning balance ng Eastwest bank. Nagulat na lang po ako nadebit ako ng 11k for not being able to keep my maintaining balance. Ang question ko po, tama po ba na one time charge ung penalty? No reminders or notification din po ang bank na below maintaining balance na ko at hindi rin nila ako na notify they will charge 11k sa account ko.

    1. Hi Maria, one time ba ang ginawang pag-deduct ng below-balance penalty mo? Hindi dapat ganon. Dapat every end of the month ang deduction. Kung ganon sana ang ginawa nila, baka napansin mo yong deduction. Ang i-open mong account is yong OFW account na zero maintaining balance basta lang naghuhulog ka from abroad. Yong BDO at least once every 24 months. Yong Metrobank at Landbank at least every 12 months. Yong BPI at least 4 times a year. Tingnan ko nga yong rule sa pag-deduct ng penalties.

      1. Hi Ms. Nora,

        Yes, one time deduction ginawa nila. I need help po malaman ang rules sa penalties ng banks at kung tama ba ung ginawa nila na one time deduction. Thank you, Ms. Nora!

  168. Can banks charge a lump sum maintaining balance fee without notifying customer? My friend has been charged a one-time 11,000php in maintaining bal fee. He was informed that it was for not maintaining the min bal amt for 2 years but shouldn’t he be charged immediately for the first 2 mos. that he didn’t maintain the minimum bal? Instead, the bank waited for the fee to accumulate without notifying the customer.

    1. Hi Elle and Maria, I searched the Manual of Regulations for Banks (MORB) (263 FEES ON RETAIL BANK PRODUCTS/SERVICES) and Circular No. 928 dated October 24, 2016 titled Amendments to the Regulations Governing Fees on Retail Bank Products/Services and Dormant Deposit Accounts. I also checked Eastwest’s General Terms and Conditions on Bank Accounts, at walang explicit statement na dapat ang below-maintaining-balance charge ay i-deduct agad at the first instance of violation. Pero puedeng sabihing “implied” at “according to fair banking practice and consumer protection principle of fair treatment”, dapat na-deduct yong unang penalty mo na 500 on the first instance na na-violate yong maintenance rule — that is on the first time na two consecutive months ay below-maintaining yong balance mo, and then every month thereafter. Kung ganon ang ginawa nila, malamang mapansin mo yong deductions at magawan mo ng solution. Yon ang point na i-emphasized mo sa manager ng Eastwest. Ang una muna is write your letter of complaint addressed to the manager of your Eastwest branch at i-request mo na i-return nila yong total penalties minus the first 500 (puede namang merong settlement later on). Then i-explain mo kung bakit. Then bring your letter to the manager (Make 2 copies or more). Be respectful when talking with the manager. Explain your situation clearly and respectfully. Kung wala silang gagawin, ask them to sign as Received your letter of complaint para yang copy ang isa sa mga dadalhin mo sa BSP Consumer Affairs Group. Pakibasa na lang yong post ko dito about how to bring your complaint to the BSP. (lower portion of my post). I hope you can write updates here later on so other depositors can learn from your experiences.

  169. Hi po meron po account sa eastwest at 2k ang maintaining balance. kaya lang lagi po nazezero balance kase sakto lng lagi naiideposit ko para sa car loan na naka auto debit. Then, after po several months nag advance deposit na po ako para sa carloan pero bigla na lng po nagdeduct ang eastwest ng almost 5k para daw po ata sa mga months na below minimum ang nasa account ko. Tama po ba yun? Thanks po in advance..

    1. Hi Mark, meron ding nagreklamo ng ganyan na biglaan ang deduction ng below-maintaining-balance penalty. Sana, nagdeduct sila, and then, pag zero or negative ang balance, i-close na nila yong account at nang sa ganun, malaman mo yong maintenance requirement. Pumunta ka sa Eastwest at tanungin mo bakit hindi nila dineduct on time yong penalty. Kung sabihin nila na walang laman o kulang, tell them they should have closed your account. You can also write your request in letter, make 2 copies, ask them to sign Received one copy, and submit this to the BSP together with your complaint if Eastwest does not return your money

  170. Hello. Po ngayon po kasi nag widraw ako ng 1k. Tas po yung savings account is may tira pa ng P843 ano pong mangyayri dun?

    1. Hi Brejeda, ang maintaining balance ng BPI is 3k. Pag BPI Family, it’s 1k. Noong July ba, naka-maintain ka? Kung hindi, at ngayong August ay hindi ka rin maka-maintain, babawasan ka na ng 300 pesos on Aug 30. Kung hindi mo uli ma-maintain in September, may penalty uli on Sep 30. Pag zero or negative na ang account mo, mag-close na. Puede namang re-activate sa BPI, pero you will pay all penalties. Kung hindi mo na ma-maintain, widrohin mo na lahat para mag-close na, at mag-open ka later on ng Kaya account, yong free maintenance account — meron lang atm withdrawal fee.

  171. Panu po kung naubos ung maintaining balance at mahigit isang bwan na nalalagyan ng laman mag coclose ba agad ung acount?

    1. Hi Laurence, kapag meron pang balance, kahit piso lang, hindi pa magko-close. Kapag isang month lang na hindi na-maintain ang account, wala pang penalty. Kapag 2 months nang kulang sa maintaining balance, magbabawas na ng penalty na 300 pesos sa end of 2nd month. Halimbawa, July and August, hindi na-maintain, merong nang penalty sa August 30. Kapag magbawas ng 300 pesos na penalty at 200 pesos lang ang andon sa account, magko-close na ang account kasi negative na ang balance.

  172. Hi po,ano po kaya nangyari sa account ko sa UCPB.Naghulog po ako nitong monday ng 5k tapos ng balanced inquiry po ako nkita ko po sa resibo ang 5k nasa current balance hindi pumunta sa available balance.Tapos ngayon nag balace inquiry ulit ako nawala na ang 5k sa current balance at same n sya available balance pero di naman nadagdagan ang laman ng availbale balance.Paano po b gagawin ko.Salamat po.

    1. Hi Rey, call or visit your bank. Checking account ba ito? Kung checking account, baka meron kang tumalbog na tseke. Kung savings account lang, ask your bank agad kung bakit hindi agad napunta sa current balance at bakit nawala na. Kung penalty for below-maintaining balance, bakit naipon yong penalties?

  173. Thank you po maam.Savings Account po sya maam.

  174. Hi po. Nakapa-detailed at informative po nitong post nyo. Salamat po. Panay hanap ko ng kasagutan at nakakita ako ng matinong sagot inline sa tanung ko. Nasagot nyo po lahat ng katanungan ko. From examples to computations, detalyado po lahat. Maraming salamat po dito.

    Ngayon pwede ko ma-withdraw muna ang pera ko kasi nasa maintaining balance na lang po sya at sa lunes pa dadating ang sahud (Friday ngayon as of this posting). Pagnakuha ko na sahud balik hulog agad uli para di ma hit yung Maintaining balance ko.

    May tanung lang po ako about sa RCBC.
    Nag open kasi ako ng Saving account bundled with complimentary credit card, 5k lang naman yung credit limit but ayos na din to start my credit history.
    Nag deposit po ako ng 10k para sa savings account with atm. Maintaining balance po is 3k. No hold out po yung 10k kasi promo po nila na pag nag open ka ng new saving account at nag deposit ng 10k may complimentary credit card ka.
    Ang tanung ko po, familiar po ba kayo dito?
    Yung process po kasi nila is RCBC Bankard po at 3k na lang yung iniwan ko as maintaining balance from 10k. As of now its still being process pa po. I open the account nung Oct 31 po so right now still waiting sa pag process. Sa tingin nyo po, maaprove po kaya yun kasi di na 10k ang balance ko dun sa savings ko pero again wala po kasing hold yung 10k. Promo lang ni RCBC na bigyan ng credit card pag nag open ng new account with atleast 10k deposit.
    No sending of income is needed na dito kasi complimentary credit card lang sya.
    Any say nyo po dito boss?
    Thank you po. 🙂

    1. Hi Nik, thanks a lot sa mga comments mo about my post. They inspire me. About your credit card application: as soon as meron ka nang sahod, I hope makadeposit ka agad ng 10k or more para ma-approve agad ang card application mo. Kahit hindi naka-hold ang savings mo, mina-monitor pa rin nila yan at tinitingnan kung kaya mong mag-maintain ng 10k, or kung hindi man ay more than 5k (initial credit limit). Kung magwidro ka uli, mag-iwan ka ng more than 5k. Thanks again

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