How much is the maintaining balance of Chinabank Passbook Savings Account?

The required maintaining balance of Chinabank Passbook Savings account is Php1,000.

Chinabank Passbook

Maintaining balance also refers to the Average Daily Balance (ADB) or the sum of the daily end-of-day balances in your account for a month divided by the number of days in that month.

ADB = Daily End-Of-Day Balance in Your Account ÷ Total Number of Days in That Month

If the balance of your Passbook account falls below the required ADB or the maintaining balance, Chinabank will charge a fee which is Php200.

So to avoid the charges, you must maintain the Php1,000 balance in your Passbook account.

- https://www.affordablecebu.com/

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"How much is the maintaining balance of Chinabank Passbook Savings Account?" was written by Mary under the Banking category. It has been read 7026 times and generated 0 comments. The article was created on 30 May 2013 and updated on 30 May 2013.

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