The required maintaining balance of Chinabank Passbook Savings account is Php1,000.
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.
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"How much is the maintaining balance of Chinabank Passbook Savings Account?"
was written by admin
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comments. The article was created on 30 May 2013
and updated on 30 May 2013