Peso Checking Account
Secure your payments/disbursements via cheque and also enjoy the convenience of an ATM Debit card.
|Minimum Initial deposit||Php 5,000.00|
|Minimum MADB* requirement||Php 5,000.00|
|Minimum MADB* to earn interest||N/A|
|Interest rate per annum||N/A|
SERVICE FEES & CHARGES
Account closure within 30 days
from opening date
|Php 300.00||Php 300.00|
|Falling below minimum MADB* for two (2) consecutive months||Php 300.00||Php 300.00|
|Dormancy fee**||Php 300.00||Php 300.00|
|Withholding tax for interest earned||N/A||N/A|
|Cost of Checkbook||Php 175.00||Php 350.00|
|SPO Application / Filing Fee||Php 200.00||Php 200.00|
*MADB - Monthly Average Daily Balance
**Dormancy fee - Dormancy fee is charged only if a dormant account's balance falls below the required minimum MADB. Account is tagged dormant if there is no client-initiated transaction within 12 months for checking accounts and within 24 months for savings accounts.
For more information, please feel free to call BDO Customer Contact Center at 631-8000 or visit your preferred BDO Branch.