BDO Peso Savings Account Initial Deposit and Maintaining Balance

by Gil on June 6, 2011

Banco de Oro (BDO) is one of the famous banks in the Philippines with many branches spread all over the country. It is a part of SM group of companies.

BDO was a recipient of various local and international awards and recognitions related to banking and finance. It has plenty of products and service caters for its customers such as savings account, credit cards, UITF, checking account, loans, remittance services, insurance, wealth management and Internet banking.

If you are planning to open an account in BDO, you can see the initial deposit and maintaining balance requirements per each type of savings account.

Account Type

Minimum Initial Deposit Minimum MADB* Requirement Minimum Balance to Earn Interest Service Charge for Falling Below Minimum MADB Requirement Dormancy

Fee

Peso Passbook Savings Account (with or without ATM) Php 5,000.00 Php 5,000.00 Php 5,000.00 Php 200.00 Php 200.00
Peso ATM (without passbook) Php 2,000.000 Php 2,000.00 Php 5,000.00 Php 200.00 Php 200.00
Kabayan Peso Savings Account Php 50.00 0.00 Php 5,000.00 N/A Php 200.00
Peso Savings Account Payroll Php 100.00 0.00 Php 5,000.00 N/A Php 200.000
Junior Savers Club Php 500.00 Php 100.00 Php 500.00 Php 200.00 Php 200.00
Power Teens Club Php 2,000.00 Php 2,000.00 Php 2,000.00 Php 200.00 Php 200.00
Club 60 Peso Php 5,000.00 Php 5,000.00 Php 5,000.00 Php 200.00 Php 200.00
Direct Deposit Peso Savings Account Php 0.00 Php 0.00 Php 5,000.00 N/A Php 200.00
Smart Guarantor Php 60,000.00 Php 5,000.00 Php 5,000.00 Php 200.00 Php 200.00
Optimum Savings Account – Personal Php 30,000.00 Php 30,000.00 Php 30,000.00 Php 200.00 Php 200.00
Optimum Savings Account-Commercial Php 50,000.00 Php 50,000.00 Php 50,000.00 Php 200.00 Php 200.00
Super Savings Php 100,000.00 Php 100,000.00 Php 100,000.00 Php 200.00 Php 200.00
Super Savings – ATF Php 100,000.00 Php 100,000.00 Php 100,000.00 Php 200.00 Php 200.00

 

BDO can be one good choice when applying for a savings account since it has plenty of branches around the Philippines and they have longer banking hours compared with other banks. In addition, you can also see it all SM malls making it very accessible for customers like you.

{ 10 comments… read them below or add one }

Marisa Boral October 2, 2012 at 8:07 am

i just want to open a kabayan peso acct savings, what is the requirements and how much i need?

Reply

Gil October 3, 2012 at 12:31 pm

The initial deposit for Kabayan SA is P50, here’s the requirement: http://learninterestrates.com/list-of-valid-id-for-opening-a-bank-savings-account-in-the-philippines/

Reply

roelyn November 29, 2012 at 8:40 am

hi . i want to open an account for myself .i am a 20 year old girl .would you mind telling me about the Direct Deposit Peso Savings Account or Peso Savings Account Payroll please . thank you .

Reply

erma February 25, 2013 at 4:25 pm

hi….is it possible to withdraw my initial deposit?

Reply

Gil March 1, 2013 at 11:15 am

Hi Erma,

Definitely, you can withdraw your initial deposit but you should add money in the future to make it above the maintaining balance.

Reply

raquel May 1, 2013 at 4:19 am

i want to open an account in BDO how much the iniatial deposit ….

Reply

vanessa August 7, 2013 at 3:56 am

hello.good day po..ang alam ko po kelangan ng to valid id.pero isa lng po ang valid id ko pero meron po akong nbi..pwd napo ba un..mag oopen po kc ako account sa inyo kaso i just have 1 valid id

Reply

vanessa August 7, 2013 at 4:00 am

meron lng po akong postal id..please reply po.thanks

Reply

shay September 6, 2013 at 6:03 am

how long would it take for one to be penalize if below maintaining balance. is it as soon as u gone below maintaining balance or after some days?

Reply

esh July 8, 2014 at 7:50 am

what is Direct Deposit Peso Savings Account? meron po bang passbook na kasama dun? please reply. thanks

Reply

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