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  1. #1
    Respected Member liane's Avatar
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    There should be some maintaining balance, 2000 is usually just a maintaining balance for ATM account. Savings account should have at least 5k-10k maintaining. It's in the bank terms and condition that you'll have some penalty charge for going below the maintaining balance.
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    I used to do my Philippine banking with Equitable PCI and they were great. They merged with BDO and it all went down hill. I managed to stay for about a month before I got so annoyed with them that I transferred everything over to HSBC.

    I use Internet banking a lot and the crazy thing with BDO is that you cant transfer money to another persons account until you have first been into the bank in person, filled out a form to authorise the receiving account and then waited for 5 days for them to set up that account in your profile

    I went through this crazy process with all of the staff salary accounts and after 2 weeks of waiting was told that I would need to go back to the branch and fill in another set of forms Combine this failing (and the zero regard showed for my inconvenience) with the inability to just transfer money to a new account when I want to, because I first need to visit the branch and then wait a week and it was all too much. Bye bye BDO! my


  3. #3
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    Quote Originally Posted by liane View Post
    There should be some maintaining balance, 2000 is usually just a maintaining balance for ATM account. Savings account should have at least 5k-10k maintaining. It's in the bank terms and condition that you'll have some penalty charge for going below the maintaining balance.
    Yes,


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