Maintaining-Balance Penalty on my BDO ATM Account
2/17/2016
average daily balance, BDO atm savings, BDO maintaining balance, maintaining-balance penalty
27 comments
Question:
Last December, my BDO ATM account was charged with a below-maintaining-balance penalty of 300 pesos.
On January 8, I deposited 1,000, making my balance 2,239.50, and higher than the required maintaining balance of 2,000 pesos.
On January 29, I was deducted 300 pesos again. Why?
Answer:
Your 300-peso deduction was your penalty for falling below your required Maintaining-Balance for 2 consecutive months (December 2015 and January 2016).
Your required Maintaining-Balance or required Average Daily Balance (ADB) is 2,000 pesos.
Your ADB in January was 1,998.12. This is below the required 2,000 pesos.
Here is how Average Daily Balance (ADB) for the month is computed:
These are your daily balances from January 1 to January 29:
January 1 1,239.50
January 2 1,239.50
January 3 1,239.50
January 4 1,239.50
January 5 1,239.50
January 6 1,239.50
January 7 1,239.50
January 8 2,239.50
January 9 2,239.50
January 10 2,239.50
January 11 2,239.50
January 12 2,239.50
January 13 2,239.50
January 14 2,239.50
January 15 2,239.50
January 16 2,239.50
January 17 2,239.50
January 18 2,239.50
January 19 2,239.50
January 20 2,239.50
January 21 2,239.50
January 22 2,239.50
January 23 2,239.50
January 24 2,239.50
January 25 2,239.50
January 26 2,239.50
January 27 2,239.50
January 28 2,239.50
January 29 2,239.50
January 30 Saturday*
January 31 Sunday*
Let us compute your Average Daily Balance for the month of January.
The formula is:
Add all your balances everyday from January 1 to January 29
Divide the total balances by 29 days
The result is your Average Daily Balance for the month of January.
Total of Daily Balances from January 1 to 7:
1,239.50 x 7 days = 8,676.50
Total of Daily Balances from January 8 to 29:
2,239.50 x 22 days = 49,269
Total of Daily Balances from January 1 to 29:
8,676.50 + 49,269 = 57,945.50
Divide the Total for January by 29 days:
57,945.50 / 29 = 1,998.12
For BDO ATM savings accounts, the required Average Daily Balance (ADB) every month is 2,000.
Your ADB (1,998.12) is lower than 2,000.
It means you were not able to maintain 2,000 in January.
This is the reason why you were again deducted 300 pesos again.
Note:
* Many banks compute ADB on the last business day of the month.
* If the last day of the month is a holiday, Saturday or Sunday, banks compute ADB on the last banking day of the month.
Posts
..'thank u mam...mam may isa pa po ako na tanong..pwede ko pa po bang kunin ATM ko sa kabayan savings ko ngaung nandto na poh ako sa pinas sa branch na pnagkunan ko nang passbook ko..???...at ilang araw ko poh bago mkuha?'wala po kasi silang sinabi sa akin dati na balikan ko ATM ko poh.thank u po.
ReplyDeleteHello po ask ko lang po pano po kung ang balance nalang ng ATM debit ay 2 pesos.. tas pang 4 months na po ako na walang transaction.. di na po ba pedeng mag deposit ulit dun?
ReplyDeletehello po mam/sir may tanong po ako pwde pa po ba akong magdeposit ulit sa account ko last ko nakapagdeposit jan 24 2016 pa po!pwde pa po ba nandito po ako sa ibang bansa..
ReplyDeletepaki email nalang po ako sa email account ko po thank you
ReplyDeletemelodybinas2@gmail.com
Maam pag po ba hindi na kami nakapag withdraw at may balance pang 300 sa passbook automatic po ba yun na after 2 years ma close na ang account? Ty po..
ReplyDeleteMy question is same with Ella...
ReplyDeleteMay related question din po ako.
ReplyDeleteWhat if ang ADM is above minimum pero ang month-end balance is zero (0), may penalty din po ba?
Thanks in advance po sa sagot..
pag ang account zero balance automatic close po ba un
ReplyDeleteHi, nagclose po ba accoun nyo nhng nagzero balance or pwede pa.magtransfer ng o magdeposit doon? Salamat po.
Deletepag ang account zero balance automatic close po ba un
ReplyDeleteparang may mali ata bakit twice syang nag-karoon ng deduction dec 2015 at jan 2016 total of 600 pesos. hindi ba dapat 300 lang? diba 300 penalty for 2 consecutive months?
ReplyDelete"Your 300-peso deduction was your penalty for falling below your required Maintaining-Balance for 2 consecutive months (December 2015 and January 2016)."
Hi! So the 300 peso deduction will still happen if I have below 2000 MADB even just for 1 month? Or like in BDO's site, they would only deduct after 2 consecutive months?
ReplyDeleteYan din ang tanung ko falling in 2 consecutive months diba 300.00 lang? eh yun sakin on the next month na deduct ulit.. please enlighten me kasi sa rules nyo hindi clear sa amin mga consumer na hindi naman kalakihan ang iniimpok sa banko nyo malaking bagay samin yung kinaklatas na 300.00 even nasunod naman naming yung policy nyo
ReplyDeleteSa mga nagtanong uli kung bakit nadodoble yong penalty, nagiging 600 pesos, imbes na 300 pesos lang: First, hindi ko kinakampihan yong bank, ini-explain ko lang yong process nila.
ReplyDeleteKung halimbawa, last Nov 29 ay nabawasan ka ng 300 pesos, that means noong October and November (2 months yan), yong average daily balance mo noong October ay below 2k at noong November ay below 2k din. Two consecutive months na yan. Ngayon, kung sa Dec 29 ay makita nila na hindi mo pa rin uli na-maintain ang required na 2k average daily balance sa month of December, babawasan ka uli ng 300 pesos in Dec 29. Bakit eh nabawasan na nga noong Nov 29 ng 300 pesos? Mababawasan ka uli sa Dec 29, kasi two consecutive months ka uli na hindi naka-maintain (Nov and Dec). Holidays na yong Dec 30 and 31, so sa Dec 29 na nagco-compute yong system nila.
Hello po ...tanong ko lang paano po kung above minimum na yung laman ng atm hnd nba babawasan sa susunod na buwan
Deleteautomatic po bang mag close ang account kapag zero balance na ng 10months?
ReplyDeleteMay tanong lang po ako..e paano kung lagpas na sa minimu yung laman ng atm babawasan pa rin ba ulit
ReplyDeletesa bdo po on the last two months ndi ko maintain ung MADB nabawasan po ako ng 300 pero this month march-2018 ma maintain ko ung MADB nila ndi nko mababawasan ? ndi kc nila masagot ung tanung ko na un sa branch
ReplyDeleteBelow Maintaining Balance Penalty: Nabawasan ka Feb 28 or March 1 ng 300 pesos? Maintain the required balance this March para hindi ka na mabawasan this March 31 or April 1. 2k ba ang maintaining balance mo? Dapat every day of March, meron kang 2k or more sa account mo. Pag kulang ang balance mo March 1 at March 2, dagdagan mo pa ang deposit mo para yong average for March ay 2k or more.
ReplyDeleteHi po! Tanong ko lang po regarding sa Kabayan Savings Account. Starting tomorrow po ay hindi na po makakapag-transact ang non-emv card sa mga atm machines but mcan still access online. So ang tanong ko po ay pwede pa din po ba makapag send money/send to cebuana or ml online or pati din po iyon hindi nadin po?
ReplyDeleteHi oink: Sabi sa instructions about BDO Kabayan, kahit non-emv pa rin ang atm card mo, puede pa ring mag-online banking (send money to cebuana or ml), magremit sa account at magwidro or deposit over the counter. Ang hindi puede ay buy online kasi gagamitin mo yong card number at atm withdrawal or atm deposit.
DeleteThank you so much po Ma'am Nora..😊
DeleteGod BLess You po.
Hi Mam,
DeleteMy BDO kabayan savings acct got closed and sabi nila its because nag below sa maintaining balance. But as far as I know it is a zero maintaining balance as long as once a year may remittance from abroad. When I tried to withdraw from my atm (emv na sya)dahil may remittance ako, invalid na daw sya. When I asked from them sabi nila nag below nga sa maintaining balance. Dahil lutang ako sa nalaman ko na closed na yung acct ko hindi ko natanong yung about sa zero maintaining balance na dapat as long as may remittance. So how is it po? Thanks for taking time to this.
Hello ask ko lang po . yun visa card ko po is 2k nlang yung bal. Then 1 month na po akong d nakapag deposite but 1 month na still/2k at d nabawasan yung bal. Ko . posible po bang my penalty . ?? Advance thank you .
ReplyDeleteHI Emma: Yong regular BDO atm account itong account mo? Na yong maintaining balance niya is 2k? Basta walang araw na less than 2k ang account mo, safe from penalty ang account mo, kahit exactly 2k ang balance at hindi ka pa nagdedeposit. Basta huwag ka munang nagba-balance inquiry sa ibang banks' atms para wala kang atm fees at para hindi mabawasan yong 2k balance mo.
Deletehi po good day. may tanong po sana ko.pano po kung ang maintaining balance ko ay 10k tpos bbawasan ko lang po pero ibbalik ko dn po in the same month. may penalty po ba ako na bbayaran? please answer po maam. thank you po.
DeleteHi ask ko lang wala pa nmn one month na below 500 yung deposit money sa atm acc ko thenmy friend deposit some money to that acc yesterday after i checked the balance today the money below 500 is still the same what happen?
ReplyDelete