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Banks with No Minimum Maintaining Balance in the Philippines
Without the required minimum balance, you can withdraw all the money you want in your bank account without the consequence of getting a service charge or penalty. This is very helpful in case of emergency or if you badly need all the money in your bank account to finance your small business venture. Those people who have very limited resources can benefit with these type of bank accounts.
As we know, banks impose penalty or service charge to those who falls 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 of major banks in the Philippines and the types of accounts they offered that have no minimum maintaining balance:
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"
"Banks with No Minimum Maintaining Balance in the Philippines" was written by admin under the Banking category. It has been read times and generated 0 comments. The article was created on .
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