One of the largest banks in the Philippines, Banco de Oro (BDO) is running a lending business, a business that needs constant flow of money coming in. They're in the banking sector which needs a large amount of money deposited in order to sustain its lending business. This is where the penalty or service charge of falling below the maintaining balance is coming in.
You should regularly monitor your Banco de Oro (BDO) account and make sure you do not fall below its maintaining balance so that you can avoid its penalty or charge. Maintaining balance is computed by monthly average daily balance.
What is the penalty if your BDO account falls below its maintaining balance?
It depends on the type of your account. You should know the type of your account and its required maintaining balance.
Here's a complete list of types of BDO Accounts that has corresponding penalty or service charge if falling below its maintaining balance:
Type of Account
Minimum Maintaining Balance
Service Charge for Falling Below Maintaining Balance
Peso Passbook Savings Account (with or without ATM)
Php 5,000
Php 300
Peso ATM (without passbook)
Php 2,000
Php 300
Optimum Peso Savings Account - Personal
Php 30,000
Php 300
Optimum Peso Savings Account - Corporate
Php 50,000
Php 300
Junior Savers Club
Php 100
Php 300
Club 60 Peso
Php 5,000
Php 300
Direct Deposit Peso Savings Account
Php 0 (no maintaining balance)
none
Power Teens Club
Php 2,000
Php 300
Peso Checking Account
Php 5,000
Php 300
Smart Checking Account - Personal
Php 15,000
Php 300
Smart Checking Account - commercial
Php 25,000
Php 300
Automatic Transfer Facility - Personal
Php 25,000
Php 300
Automatic Transfer Facility - Commercial
Php 50,000
Php 300
Dollar Savings Account
USD 200
USD 5
Club 60 Dollar
USD 200
USD 5
Direct Deposit Dollar Savings Account
USD0.00
none
Euro Savings Account
EUR 500
EUR 5
Yen Savings Account
JPY 50,000
JPY 500
GBP Savings Account
GBP 200
GBP 1
Canadian Dollar Savings Account
CAD 1,000
CAD 5
Hongkong Dollar Savings Account
HKD 500
HKD 5
Australian Dollar Savings Account
AUD 200
AUD 5
Singapore Dollar Savings Account
SGD 200
SGD 5
Chinese Yuan Savings Account
CNY 2,500
CNY 30
Did you experience being penalized or charged for falling below maintaining balance in BDO? Tell us in the comment below. - https://www.affordablecebu.com/
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"BDO Maintaining Balance Penalty" was written by Mary under the Banking category. It has been read 74288 times and generated 6 comments. The article was created on 14 November 2012 and updated on 14 November 2012.
Ask k lang po sana.. Confused kasi ako.. Kakaopn k lng ng junior savers account para sa baby ko. Gusto k lang malamn ifpwede k bng i withdraw ung money from the passbok.. Besidw sa name ng baby pangalan k dn kasi nklagay sa passbook niya? Slamat po sa sasagot
Now ko lang na notice yang service charge na Php300. At pansin ko, one time na chinarge ng BDO for Nov, Dec 2017 and Jan 2018. 6 yrs na ako sa kanila, at hndi bumababa sa maintaining balance ang nasa account. In-email ko sila with screen shots ng online banking account ko. Ngayon lang sila nag ganyan. Ano sasabihin nila, tumaas na ang maintaning balance? Sana nagbibigay sila ng notice di ba. Haaay BDO, PhP900 ang binawas niyo sa account ko. Hindi napupulot yan sa kalsada. Nakaka lungkot
Nung nag open ng account ko sa BDO sabi 5000 lng maintaining balance ko tapos nagulat ako 7 months na pala sila ng charge sa akin ng 300 pesos, nagtaning ako kanina sa teller bakit ganun , sagot niya sa akin 2014 dw since ng start mg change yung mantaining balance ko ng 10,000 peso, wla mn lng notice? Ganun agad?
Good day mam/sir, I have a 2000 pesos minimum balance in my atm debit card but last few months i withdraw it all,what will happen to my account?hoping you answer Thank you!!
Good morning!Bakit po nagkaltas ng 300 ang bank,nag maintain naman ako monthly ng maintaining balance ko.May cut off po ba para i maintain ang balance?Please Reply,thankyou!
Gud day mam/sir, I have a 2000 pesos minimum balance in my atm debit card but last year i withdraw it all,what will happen to my account?hoping you answer Thank you!!
Tanong ko lang po kung kailan ba yung BDO nag co-compute ng peso atm account(without passbook).. halimbawa may 2000 ako sa account ko tapos nag withdraw ako bukas ng 2000 kailan ako makakakuha ng penalty?
Tanong ko lang po kung kilan ba yung BDO nag co-compute ng penalty sa passbook account, kasi po twice na akong na penalty ng 300 pesos. I just want to know kung kailan para at least makapag deposit na ako agad before yung cut-off nyu to avoid penalty and charges.
Gud day mam/sir, I have a 2000 pesos minimum balance in my atm debit card but last year i withdraw it all,what will happen to my account?hoping you answer Thank you
Gud day mam/sir, I have a 2000 pesos minimum balance in my atm debit card but last year i withdraw it all,what will happen to my account?hoping you answer Thank you!!
is the penalty of falling below the maintaining balance is penalized daily or counted as 300 pesos daily? if not how comes that when my account falls in 500 pesos remaining and when i deposited 2000 after 5 days, i checked my account but it was only 920.36 pesos remaining instead of 2200 if we're going to deduct the 300 penalty. Can you explain this.
Hi, if i fall from my mainataining balance for only a week, will it still be deducted the 300 peso penalty? Even if i deposit again and complete the maintaing balance of 10000 before the end of the month
Gud day mam/sir, I have a 2000 pesos minimum balance in my atm debit card but last year i withdraw it all,what will happen to my account?hoping your kindly answer.thanks!
BDO Kabayan Savings Account is not in the list. I have one, and I got 3 charges of 300 php for 3 consecutive months. Kabayan Savings has no maintaining balance, how come??
I'm really confused wether the savings account without passbook which is an Atm is already a mastercard or visa card? I'm really confused on how to avail a visa or mastercard? could someone please explain it to me? Thanks in advance!
Good day, my mother receive a letter from your office about my account there I have checking account in bdo Timog and the balance is 500 but charge of 300 I don't know how to close my account because I'm already live here in USA thank you Melanie Guidote
My mom has a BDO Peso Saving Account but it wasn't used for almost 4 years, on her last transaction it was shown that she still have P30,000 deposited in her account. Is there any possibility that the money is still withdrawable? And also, she has a ATM card. Is this still activated evn it wasn't used for 4 years? Hoping for your reply! Thank you.
I am holding peso savings account with passbook my balance is above minimum already but everytym i send money in my account there is a 300pesos service charge generating system, I am just curios why like this because before no any deduction happening.
