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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 BalanceInitial Deposit
Bank of the Philippine Islands (BPI)
  • Easy Saver
  • Jumpstart Savings
  • e-Teller ATM

P 0
P1,000
P3,000

P200
P100
P3,000
LandBank
  • Savings Account with ATM Access

P500

P500
Security Bank
  • Savings Account with ATM

P500

P500
ChinaBank
  • ATM Savings

P1,000

P1,000
Banco de Oro (BDO)
  • Junior Savers
  • Power Teens Club
  • Peso ATM without Passbook

P500
P2,000
P2,000

P100
P2,000
P2,000
Metrobank
  • Fun Savers Club
  • e-Teller (ATM)

P500
P2,000

P500
P2,000
East West Bank
  • Cool Savers Kiddie Account
  • ATM Access Savings Account

P2,000
P2,000

P2,000
P2,000
Rizal Commercial Banking Corporation (RCBC)
  • Payroll Savings Account
  • ATM Card


P 0
P3,000


P100
P3,000
Philippine National Bank (PNB)
  • SuperTeller ATM
  • Debit MasterCard

P5,000
P5,000

P5,000
P5,000
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 under the Banking category. It has been read times and generated 2 comments. The article was created on .
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Total comments: 2
2 Stef   (17 May 2016 10:56 AM)
Maybank, CityState Savings Bank and Bank of Commerce's ATM savings account have maintaining balance of only Php500. But they have very limited number of branches.

1 Majeed Hanif   (04 June 2014 2:07 PM)
EastWest Bank Basic Savings Account - maintaining P100.00 (with visa debit card)