Avoid 300 Pesos monthly service charge from your BDO Kabayan Savings Account

We have seen many post from social media about some OFW BDO Kabayan Savings Account being charged or deducted for 300 pesos to the point that their account balance became zero.

This will happen when your BDO Kabayan Savings Account is converted to regular savings account and zero monthly penalty can no longer be enjoyed once the account becomes a regular savings account because P300 will be deducted on the account every month each time it falls below the monthly maintaining balance.

This makes me search in the web and ask question through BDO Kabayan Facebook page for clarification because I am afraid that I have not remit once during the past year.

And this is what I got:

Magandang araw! Salamat sa patuloy na pagtangkilik ng mga Produkto at Serbisyo ng BDO.
Please be advised that the new account maintenance for BDO Kabayan Savings started last October 1, 2018. Ang mga qualified account para sa update ay nangangailangan lamang ng (1) remittance sa loob ng dalawang (2) taon. Kung hindi, ang account ay mako-convert sa isang regular na savings account na may maintaining balance ng Php 2,000 at monthly service charge ng Php 300 if the account fell below its required balance.

Ang mga qualified account para sa update na ito ay ang mga sumusunod:

• Mga account na aktibo bilang Kabayan Savings hanggang Oktubre 1, 2018
• Binuksan ang mga account sa taong ito (bago at pagkatapos ng Oktubre 1, 2018)

Upang ma-verify ang status ng iyong account, maaari kang makipag-ugnay sa iyong branch of account. Ang aming mga branch officers ay nasa best position upang magbigay sa iyo ng impormasyon tungkol sa iyong account.

Alternatively, maaari mo ring tawagan ang BDO Customer Contact Center. Ang ating officer ay magsasagawa ng isang maikling pag-verify at susuriin ang status ng iyong account.

How to open a BDO Kabayan Savings Account

Overseas Filipinos and their beneficiaries may open a BDO Kabayan Savings Account at any BDO branch in the Philippines.

• Only PHP100 (for PHP account) or US$100 (for USD account) initial deposit
• One (1) valid ID
• 1X1 photo
• With passbook and ATM debit card
• Zero maintaining balance with at least one (1) remittance within two (2) years
• Remitters may qualify for free life and accident insurance.
• Earn BDO Rewards points too from your savings and remittances!