Banks with Lowest Maintaining Balance and Initial Deposit (Savings Account) - Philippines
Many Filipinos most particularly students and employees with low salary are searching for a bank with lowest initial deposit and maintaining balance. They want that type of bank because usually in case of emergency, they can get or withdraw a bigger amount of money and left the required maintaining balance to the bank. So, the search for their ideal bank begins. Here, we present to you the banks (major banks) in the Philippines and the maintaining balance and initial deposit of selected savings account. We selected the particular type of savings accounts which has low maintaining balance and low initial deposit.
Name of Bank (type of account)
Required Maintaining Balance
Bank of the Philippine Islands (BPI)
P 0 P1,000 P3,000
P200 P100 P3,000
Savings Account with ATM Access
Savings Account with ATM
Banco de Oro (BDO)
Power Teens Club
Peso ATM without Passbook
P500 P2,000 P2,000
P100 P2,000 P2,000
Fun Savers Club
East West Bank
Cool Savers Kiddie Account
ATM Access Savings Account
Rizal Commercial Banking Corporation (RCBC)
Payroll Savings Account
P 0 P3,000
Philippine National Bank (PNB)
Data in the table above are gathered from the banks' official websites.
Types of accounts are indicated in the above table for you to identify which type of account you want to open in a particular bank.
As you can see, the bank that offers the lowest maintaining balance and lowest initial deposit is the RCBC. The type of the account is Payroll Savings Account. This is followed by BPI Easy Saver Account.
Another task of finding the banks with low maintaining balance and initial deposit is by visiting them and asking the bank which type of their account that offers the lowest maintaining balance and initial deposit. In case you go to the bank, go to the New Accounts section inside the bank. It is where in the New Account section that the new account applications and account inquiries are processed.
If you know other banks that offer low maintaining balance, please post them (together with the maintaining balance) in the comment below.
"Banks with Lowest Maintaining Balance and Initial Deposit (Savings Account) - Philippines" was written by admin under the Banking category. It has been read times and generated 2 comments. The article was created on .
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