Updated February 3, 2018 You need to maintain a certain minimum amount in your bank account so that your bank will continue to manage your account. This certain minimum is called Maintaining Balance. Maintaining Balance is also called Monthly Average Daily Balance (MADB). If you fail to maintain your MADB for 2 consecutive months (dalawang […]
Tag: low maintaining balance
Checking Accounts with Low Maintaining Balance Requirements
Here’s a list of Philippine banks offering REGULAR CHECKING ACCOUNTS for INDIVIDUALS, requiring low maintaining balances. Banks do not say it on their websites, but in practice, they DO NOT approve all checking account applications. They need to see evidences of good personal financial handling, such as maintenance of a savings account or a time […]