As we know, banks impose penalty or service charge to those who fall below the minimum maintaining balance. Choosing which banks and which types of accounts that don't have minimum maintaining balance can really help a lot.
Here's a list of major banks in the Philippines and the types of accounts they offered that have no minimum maintaining balance:
| Name of Bank | Type of Account | Required Monthly Average Minimum Maintaining Balance |
| Banco de Oro (BDO) | Direct Deposit Peso Savings Account | none |
| Cash Card | none | |
| Metrobank | OFW Peso Savings Account | none |
| World Cash Card | none | |
| Bank of the Philippine Islands (BPI) | Easy Saver Account | none |
| UnionBank | EON Account | none |
| LandBank | Cash Card | none |
| ChinaBank | Overseas Kababayan Savings Account | none |
| Rizal Commercial Banking Corporation (RCBC) | Payroll Savings Account | none |
| MyWallet Card (RCBC MyWallet, RCBC MyWallet Visa, Mercury Drug-MyWallet Card) | none | |
| Development Bank of the Philippines (DBP) | Electronic Cash Card (EC) | none |
| Philippine National Bank (PNB) | TAP MasterCard | none |
| OFW Account | none | |
| EastWest Bank | Prepaid Card | none |
| Travel Money | none |
There may be some other banks which offer accounts with no minimum maintaining balance. Please tell us in the comment below if you know one. We'll be glad to add them in the list above.
What's Your Opinion?
"Do you want all banks to remove all their required minimum maintaining balance? Tell us the reason why"
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