Someone asked about below-maintaining-balance penalty here on our blog BanksPhilippines.com: Hi po, 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. Our reply: Yes, you can dispute it. But if […]
Tag: MADB
Savings Accounts with Low Maintaining Balance Requirements
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 […]