How long before BDO account closed?
A savings account is dormant if it has no client-initiated activity for two (2) years. Collection will start five (5) years after the last client-initiated activity date.
If the account reaches zero balance, it may automatically close. Once the account is closed, it cannot be re-opened. BDO Kabayan - Php 0.00 MADB as long as with at least 1 remittance transaction within 2 years.
How to Check your BDO Account Balance Online - YouTube
You can reactivate your inactive bank account by simply making a deposit or withdrawal transaction. To reactivate your dormant account, visit your home branch and provide a written request for reactivation of your account.
If there's no remittance within two (2) years, your BDO Kabayan Savings will automatically convert to a regular ATM savings with a maintaining balance requirement of Php2,000.
No Penalties
Banks levy penalty for non-maintenance of the minimum account balance in a regular savings account. A zero balance account scores over a regular savings account as you are not required to maintain a minimum balance. When you get yourself a zero balance account, you can keep any amount of money you want.
Yes. Generally, banks may close accounts, for any reason and without notice. Some reasons could include inactivity or low usage. Review your deposit account agreement for policies specific to your bank and your account.
People having their savings accounts in various banks have to maintain a certain sum of money in their bank accounts. When this account balance falls below the required threshold amount, the bank levies a penalty on the account holder for failing to meet the requirements.
If you have a Bank ATM Debit Card and it is active, then you can easily get your bank account information, whether it is on or off. For this, you have to withdraw some money from your nearest bank ATM machine. If you are successful in getting cash from an ATM machine, it means that your bank account is active.
Why is my BDO account closed?
A bank account is considered dormant when there is no financial activity—deposit or withdrawal—for a period of two years for a savings account and one year for a checking account. Dormant accounts are subject to dormancy fee, under the regulations of the Bangko Sentral ng Pilipinas (BSP).
Account Closure Fee will be collected if account is closed within 30 days from account opening. Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months. Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.

- Go to any BDO ATM.
- Press “Other Services” button.
- Select “Activate Electronic Banking”
- Enter ATM Activation Code then press “Confirm” button.
- Choose receipt option.
- Enter your PIN.
- Get transaction receipt.
FEES & CHARGES | Personal | Business |
---|---|---|
Account Closure(2) | Php 300.00 | Php 300.00 |
Falling Below Minimum Balance(3) | Php 300.00 | Php 300.00 |
Account Dormancy(4) | Php 30.00 (4) | Php 30.00 (4) |
Withholding Tax for Interest Earned | na | na |
Product | MInimum Initial Deposit | Minimum Balance to Earn Interest |
---|---|---|
Passbook Savings | Php 5,000.00 | Php 10,000.00 |
ATM Savings | Php 2,000.00 | Php 5,000.00 |
Optimum Savings | Php 30,000.00 (Personal) Php 50,000.00 (Business) | Php 30,000.00 (Personal) Php 50,000.00 (Business) |
Junior Savers | Php 100.00 | Php 2,000.00 |
The only difference is that you must go to any BDO branch and inform the teller that you will withdraw all your money from your account and that you want to close your account for any specified reasons you have.
Account Closure Fee will be collected if account is closed within 30 days from account opening. Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months. Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.
According to the RBI's norm, if a customer discontinues using his or her account for 12 consecutive months then banks will automatically make them inactive, and more than extra inactive 12 months will make it a dormant account.
What happens if my deposit balance falls below the minimum requirement? If your deposit balance falls below the minimum requirement for two (2) consecutive months , you will have to pay a service charge of P300 per month.
A savings as well as a current account is classified as 'inoperative' or 'dormant' if. there are no transactions in the account for over a period of two years. Interest. credited by the bank on the balance in the account and any charges debited by the bank is not considered as transactions for this purpose.