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Unionbank Maintaining Balance Penalty
If you have a Unionbank Regular Savings Account, the penalty or service charge for falling below maintaining balance is Php 1,000 or $20.
Remember that the Minimum Average Daily Balance (ADB) Requirement per month is Php 25,000. If you fall below this amount, you will be charged with Php 1,000. That's a big amount. That's even bigger if you fall below maintaining balance in 3 months which would cost you up to Php 3,000.
Take note of the features of Unionbank's Regular Savings Account:
If you're an EON accountholder in Unionbank, you should not worry because it has no required maintaining balance. You can maintain a zero balance in that account. But take note you should at least deposit your EON account with Php 350 in a year and do at least one or two transaction per year to avoid the "No Transaction in 1 Year Penalty" which is Php 200.
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