Why choose Kabayan Savings Dollar
Avail free insurance with Kabayan Savings
Open an account kahit nasaan ka man
List of valid IDs for account opening
Philippine Government-issued IDs:
- Passport
- Unified Multi-purpose ID (UMID)
- Driver's License issued by the Land Transportation Office (LTO)
- Government Service and Insurance System (GSIS) e-Card
- Tax Identification Number (TIN) ID
- Philippine Identification System (PhilSys) ID
- New Social Security System (SSS) ID
- PhilHealth Card
- Senior Citizen ID
- Voter's ID
- Philippine Postal ID
- Professional Regulations Commission (PRC) ID
Private and Foreign Government-issued IDs:
- School ID (for minors)
- Company ID
- Integrated Bar of the Philippines (IBP) ID
- Foreign Passport (provide English translation and address in the Philippines)
Product details
Requirement
1 valid ID
Minimum Initial Deposit
$100
Minimum MADB Requirement
$0
Minimum Balance to Earn Interest
$200.00
Gross Interest Rate Per Annum
0.05%
Fees and charges
Account Closure within 30 days
$10
Below Minimum Balance
$0
Withholding Tax for Interest Earned
15%
BDO Kabayan Savings is processed and opened only in the Philippines. Passbook and ATM debit card are distributed only in the Philippines. Deposits are insured by PDIC up to ₱500,000 per depositor.