One of the largest banks in the Philippines, Banco de Oro (BDO) is running a lending business, a business that needs constant flow of money coming in. They're in the banking sector which needs a large amount of money deposited in order to sustain its lending business. This is where the penalty or service charge of falling below the maintaining balance is coming in.
You should regularly monitor your Banco de Oro (BDO) account and make sure you do not fall below its maintaining balance so that you can avoid its penalty or charge. Maintaining balance is computed by monthly average daily balance.
What is the penalty if your BDO account falls below its maintaining balance?
It depends on the type of your account. You should know the type of your account and its required maintaining balance.
Here's a complete list of types of BDO Accounts that has corresponding penalty or service charge if falling below its maintaining balance:
Type of Account
Minimum Maintaining Balance
Service Charge for Falling Below Maintaining Balance
Peso Passbook Savings Account (with or without ATM)
Peso ATM (without passbook)
Optimum Peso Savings Account - Personal
Optimum Peso Savings Account - Corporate
Junior Savers Club
Club 60 Peso
Direct Deposit Peso Savings Account
Php 0 (no maintaining balance)
Power Teens Club
Peso Checking Account
Smart Checking Account - Personal
Smart Checking Account - commercial
Automatic Transfer Facility - Personal
Automatic Transfer Facility - Commercial
Dollar Savings Account
Club 60 Dollar
Direct Deposit Dollar Savings Account
Euro Savings Account
Yen Savings Account
GBP Savings Account
Canadian Dollar Savings Account
Hongkong Dollar Savings Account
Australian Dollar Savings Account
Singapore Dollar Savings Account
Chinese Yuan Savings Account
Did you experience being penalized or charged for falling below maintaining balance in BDO? Tell us in the comment below.
"BDO Maintaining Balance Penalty" was written by admin under the Banking category. It has been read times and generated 73 comments. The article was created on .
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Ask k lang po sana.. Confused kasi ako.. Kakaopn k lng ng junior savers account para sa baby ko. Gusto k lang malamn ifpwede k bng i withdraw ung money from the passbok.. Besidw sa name ng baby pangalan k dn kasi nklagay sa passbook niya? Slamat po sa sasagot
Now ko lang na notice yang service charge na Php300. At pansin ko, one time na chinarge ng BDO for Nov, Dec 2017 and Jan 2018. 6 yrs na ako sa kanila, at hndi bumababa sa maintaining balance ang nasa account. In-email ko sila with screen shots ng online banking account ko. Ngayon lang sila nag ganyan. Ano sasabihin nila, tumaas na ang maintaning balance? Sana nagbibigay sila ng notice di ba. Haaay BDO, PhP900 ang binawas niyo sa account ko. Hindi napupulot yan sa kalsada. Nakaka lungkot
Nung nag open ng account ko sa BDO sabi 5000 lng maintaining balance ko tapos nagulat ako 7 months na pala sila ng charge sa akin ng 300 pesos, nagtaning ako kanina sa teller bakit ganun , sagot niya sa akin 2014 dw since ng start mg change yung mantaining balance ko ng 10,000 peso, wla mn lng notice? Ganun agad?
Tanong ko lang po kung kailan ba yung BDO nag co-compute ng peso atm account(without passbook).. halimbawa may 2000 ako sa account ko tapos nag withdraw ako bukas ng 2000 kailan ako makakakuha ng penalty?
Tanong ko lang po kung kilan ba yung BDO nag co-compute ng penalty sa passbook account, kasi po twice na akong na penalty ng 300 pesos. I just want to know kung kailan para at least makapag deposit na ako agad before yung cut-off nyu to avoid penalty and charges.
is the penalty of falling below the maintaining balance is penalized daily or counted as 300 pesos daily? if not how comes that when my account falls in 500 pesos remaining and when i deposited 2000 after 5 days, i checked my account but it was only 920.36 pesos remaining instead of 2200 if we're going to deduct the 300 penalty. Can you explain this.
Hi, if i fall from my mainataining balance for only a week, will it still be deducted the 300 peso penalty? Even if i deposit again and complete the maintaing balance of 10000 before the end of the month
I'm really confused wether the savings account without passbook which is an Atm is already a mastercard or visa card? I'm really confused on how to avail a visa or mastercard? could someone please explain it to me? Thanks in advance!
Good day, my mother receive a letter from your office about my account there I have checking account in bdo Timog and the balance is 500 but charge of 300 I don't know how to close my account because I'm already live here in USA thank you Melanie Guidote
My mom has a BDO Peso Saving Account but it wasn't used for almost 4 years, on her last transaction it was shown that she still have P30,000 deposited in her account. Is there any possibility that the money is still withdrawable? And also, she has a ATM card. Is this still activated evn it wasn't used for 4 years? Hoping for your reply! Thank you.
45Angelo L. Colmenares Jr(31 January 2016 9:24 PM)
I am holding peso savings account with passbook my balance is above minimum already but everytym i send money in my account there is a 300pesos service charge generating system, I am just curios why like this because before no any deduction happening.
i have 20,000 plus in my kabayan saving account i did not sent money in my account for less than 2 years why my account in kabayan savings is block? and when i try to send money last june 6 this year, the bank was rejected? pls explain this. thank you.
I was penalized 600 pesos for 2month even if my balance is above 5,000. According to your list Peso Passbook Savings Account (with or without ATM) should have mainting balance of 500 or else you will be charged 300 pesos. Could you please explain this????? email me thank you.
I only have 10,000 pesos left in my atm debit card(Peso Saving Account) . The teller said my maintaining balance is 10,000. But according to this chart 5,000 is the minimum, can i still withdraw? Will i have a penalty if i do? Pls answer asap
Good day! I have a power teens account and 17 months ago I had no choice but to withdraw 1700 from the maintaining balance which is 2000php due to financial concern of mine and for the whole 17 months my account only contains 300php.I just wanna ask if the charge is only 300 pesos even if I wasn't able to deposit for that long period of time? I'm hoping for your answer. thank you. Cause I'm planning deposit again maybe next next week.
I opened a BDO peso ATM without passbook last February 2014 and it was below maintenance during March. I withdraw some of it again , leaving 2oo pesos left on my account.. Then by now it's already zero right? So i just want to close it instead. There's nothing i have to do right , like filling up a closure form ..because it would be automatically closed as time goes by without a charge. ??
Then i would want to open another one if i had much money.
I only have 10,000 pesos left in my atm debit card. The teller said my maintaining balance is 10,000. But according to this chart 5,000 is the minimum, can i still withdraw? Will i have a penalty if i do? Pls answer asap
28Maria Peachy Ann J. FLores(05 June 2014 3:04 PM)
Im planning to close my account in BDO anytime soon. When i first opened my account in BDO-Tanay, i wasnt informed of your penalty policy for the maintaining balance, the girl I spoke to didnt inform me anything about it. I wasnt aware of your penalty that time until recently. Ive been charged total of Php900 (3 times deduction of 300php). I was very disappointed with this policy. I will just stick with my other account from a different bank.
Hi I have account in bdo with passbook and amt, I have available balance of 1000php.i never deposit money since 2012 and I Was planning to deposit money to my account.my question is my account is still active?
Hello.. My BDO account with passbook (5000 maintaining balance) got blocked because it has fallen out of its maintaining balance. I withdrew cash around 1-500 but my father deposited money so i think it got covered up. But my account still got blocked. Will it be permanently close? Thank you so much
hi...i opened a passbook account in bdo for 5ooo this month and i used some of the money i took out 2500 today,if i cover up the money i took out and put back the 2500 to fix required deposit next month and put more they will still charge me,are they just gonna charge me 3oo in a month or they will charge you continuesly
Hi, I would like to ask if and how is the computation / rules for charging from failure of maintaining balance. For example, I did withdraw all my 2,000 peso maintaining balance for two weeks. How is that. THanks.
why is it that the other banks if you open an account which is a personal they are just the same check number and the passbook number? the other question is, if you deposit a check in that checking account, can i still withdraw it?
Hi, I want to clarify the policies regarding penalty:
It takes one month (30 days) before you get penalized, right? Before you get penalized, though, when you replenish your maintaining balance before the 30th day, you won't get penalized, correct?
Then how come, according to my transaction records as well as my personal written financial trackbook, I got penalized when I have replenished my maintaining balance last July 30th and haven't touched it until today, August 26th?
Is there any possible reason I should get penalized despite that?
hi, what exactly the date is for the cut off in keeping the Maintaning balance, Is it end of the month, meaning if I am below Maintaining balance on the 29th, is it still okay. Should I only be charge after it reach the 30th or the end of the month. Tanks
I just wanted to ask if how would we know our balance, it seems that we're out of the country..we wanted to do online banking but the problem is, we need to activate the card in the machine...is the're any other option in order to do online banking...
I have a peso atm without passbook and I think I withdraw all my money on it and then I forgot to deposit again. I think I withdraw it feb this year and because I leave last March and went to US for four months I wasn't able to deposit, and 'til now I haven't deposit any money on my account. My question is, are they going to close my account automatically? Or are they going to charge me? Even though its empty?
I just want to ask, if when should be the penalty deducted if ever my account falls its below maintaining balance.Is it daily? monthly? or yearly?. And can I still cover up it, so that it will not be totally close.
can i asked,coz my sister has a saving account and i went to BDO sta rosa last week they say that i need to deposit atlese 5000 and 300 for the charge atlese untill end of this month so it wont close.but i went there today unfortunately its holiday and close...do i desrve extesion for it??i really want to put money so it close...but its holiday...pls reply ASAP
my aunt has an account maybe its a Peso Passbook Savings Account with atm then it has fallen below the maintaining balance . my dad sent my allowance through her account which is 12500.. but we check it its only 10500. 2k for penalty is it fair?
i have a peso atm account without passbook, last january my balance was in a thousand range only so it ie understandable that id be deducted 300pesos from my account..but on feb21 i deposited 1500 so my balance became more than 2000 to be exact it was 2249 but after month end of february i was deducted again...is it really right? pls help me on this they said(bdo) that i did not meet that the average should be 2000/months so i wont be deducted...they never mention any average before i opened this account they just said that it should be more than or atleast maintain 2000