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Banks with No Minimum Maintaining Balance in the Philippines

If you're a wise depositor, you should know that there are types of accounts in the Philippine banks that have no minimum maintaining balance.

Banks with no minimum maintaining balance

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:

Name of BankType of AccountRequired Monthly Average Minimum Maintaining Balance
Banco de Oro (BDO)Direct Deposit Peso Savings Accountnone
Cash Cardnone
MetrobankOFW Peso Savings Accountnone
World Cash Cardnone
Bank of the Philippine Islands (BPI)Easy Saver Accountnone
UnionBankEON Accountnone
LandBankCash Cardnone
ChinaBankOverseas Kababayan Savings Accountnone
Rizal Commercial Banking Corporation (RCBC)Payroll Savings Accountnone
MyWallet Card (RCBC MyWallet, RCBC MyWallet Visa, Mercury Drug-MyWallet Card)none
Development Bank of the Philippines (DBP)Electronic Cash Card (EC)none
Philippine National Bank (PNB)TAP MasterCardnone
OFW Accountnone
EastWest BankPrepaid Cardnone
Travel Moneynone

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"
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