Banks with Lowest Maintaining Balance and Initial Deposit (Savings Account) - Philippines

Many Filipinos most particularly students and employees with low salary are searching for a bank with lowest initial deposit and maintaining balance. They want that type of bank because usually in case of emergency, they can get or withdraw a bigger amount of money and left the required maintaining balance to the bank. So, the search for their ideal bank begins. Here, we present to you the banks (major banks) in the Philippines and the maintaining balance and initial deposit of selected savings account. We selected the particular type of savings accounts which has low maintaining balance and low initial deposit.

Name of Bank (type of account)	Required Maintaining Balance	Initial Deposit
Bank of the Philippine Islands (BPI) Easy Saver Jumpstart Savings e-Teller ATM	P 0 P1,000 P3,000	P200 P100 P3,000
LandBank Savings Account with ATM Access	P500	P500
Security Bank Savings Account with ATM	P500	P500
ChinaBank ATM Savings	P1,000	P1,000
Banco de Oro (BDO) Junior Savers Power Teens Club Peso ATM without Passbook	P500 P2,000 P2,000	P100 P2,000 P2,000
Metrobank Fun Savers Club e-Teller (ATM)	P500 P2,000	P500 P2,000
East West Bank Cool Savers Kiddie Account ATM Access Savings Account	P2,000 P2,000	P2,000 P2,000
Rizal Commercial Banking Corporation (RCBC) Payroll Savings Account ATM Card	P 0 P3,000	P100 P3,000
Philippine National Bank (PNB) SuperTeller ATM Debit MasterCard	P5,000 P5,000	P5,000 P5,000

Data in the table above are gathered from the banks' official websites.

Types of accounts are indicated in the above table for you to identify which type of account you want to open in a particular bank.

As you can see, the bank that offers the lowest maintaining balance and lowest initial deposit is the RCBC. The type of the account is Payroll Savings Account. This is followed by BPI Easy Saver Account.

Another task of finding the banks with low maintaining balance and initial deposit is by visiting them and asking the bank which type of their account that offers the lowest maintaining balance and initial deposit. In case you go to the bank, go to the New Accounts section inside the bank. It is where in the New Account section that the new account applications and account inquiries are processed.

If you know other banks that offer low maintaining balance, please post them (together with the maintaining balance) in the comment below.
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