Why choose Kabayan Shipping Dollar
Avail free insurance with Kabayan Savings
Product details
Requirement
Any of the following valid IDs:
- Seaman's book o Marina ID
- PRC ID issued to Seafarers
Minimum Initial Deposit
$10.00
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.