It can be an indispensable tool for OFWs struggling to develop the self-discipline of saving money, especially those who regularly send remittances via BDO Remit. Minimum monthly ADB requirement - USD 0.00, Minimum balance to earn interest - USD 200.00, Account closure within 30 days - USD 10.00, Withholding tax for interest earned - 15%. 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. WhatsApp. Only PHP100 (for PHP account) or US$100  (for USD account) initial deposit, Zero maintaining balance with at least one (1) remittance within two (2) years, Remitters may qualify for free life and accident insurance. No, there's no BDO Kabayan savings account expiration. However, you first need to know what you need as requirements in order for you to be able to apply. Here are the BDO requirements to open account and experience the benefits of having a Kabayan account. Opening a BDO joint savings account can actually be just completed in two (2) easy steps. If you fail to comply with the account maintenance rule, your Kabayan account will be converted into a regular savings account, and then later on closed. Once it expires, it will be converted to Kabayan account that requires Php5,000 for maintaining balance. #credit-card-promos.promos-main-category { display: flex; } color:rgb(4, 54, 115) !important; Each enrolled BDO Kabayan Savings Account must meet the following requirements in the last 12 months: a. } If you are working as an overseas Filipino worker (OFW) and you want to send money to the Philippines via a bank account, one of the ways to do that is by using Banco De Oro (BDO)’s Kabayan Savings account.Sending money can be cheap and fast compared with other remittance channels. Having a BDO Kabayan Savings account offers a lot of advantages but make sure to send money into your account at least once a year to avoid expiration. Updated March 19, 2019 Technically, wala namang BDO Kabayan Maintaining Balance Requirement. It has zero maintaining balance provided you remit to your account at least once a year. BDO Kabayan Savings Account Features BDO Kabayan Savings Account. BDO Kabayan Savings makes remittance easy, safe and affordable. { Overseas Filipinos and their beneficiaries may open a BDO Kabayan Savings Account at any BDO Unibank branch in the Philippines. The Peso Passbook Savings can be availed with or without an ATM. If you fail to comply with the account maintenance rule, your Kabayan account will be converted into a … Applying for a BDO Kabayan Savings Account. If yes, BDO Kabayan Savings Account is for you. Excerpts from BDO Kabayan Passbook’s Rules and Regulations: 2. This savings account also offers a specific account for Filipino seamen- the BDO Kabayan Shipping Dollar savings account. hi po ,, what if you only have police and nbi clearance,, pwedi po ba un sa open acc , … Enroll your BDO Kabayan Savings Account in Free Life and Accident Insurance if the account is under the name of the remitter or the remitter's spouse, child, parent or sibling. /*-->*/, */. .page-node-shop-sm-retail-stores-your-bdo-unionpay-card .title_bluebanner h2, Overseas Filipino and their beneficiaries may open a BDO Kabayan Savings Account at any BDO branch in the Philippines. To open a dollar savings account, the initial deposit would be USD 100. Seafarers employed by POEA-accredited shipping companies may open a BDO Kabayan Shipping Dollar Account where they can directly credit their allotment. Bring 1 valid ID (also bring another valid IDs or any supporting document just in case the bank officer asks for it) 1×1 photo; initial deposit; Once you have the requirements, just go to the nearest BDO branch in your area of residence. While there are several good points in getting a Kabayan Savings Account, BDO also reminds account holders to make sure to keep their accounts active by sending at least one (1) remittance every year. This account comes with ATM and Passbook. Please follow these listed steps: 1. Pero once na hindi mo natupad yong remittance policy nila for Kabayan savings accounts, kailangan mo nang sundin yong maintaining balance requirement nila for non-Kabayan accounts. BDO Kabayan Savings Account for OFWs This is a special savings account forOFWsand their families in the Philippines. .page-node-samsung-galaxy-note-10-0-interest .title_bluebanner h2, Kingdom Centre in Riyadh, Saudi Arabia What do you need to open a Kabayan Account in BDO Unibank? It can be an indispensable tool for OFWs struggling to develop the self-discipline of saving money, especially those who regularly send remittances via BDO Remit. 4 Reasons why you should open a Kabayan account. For concerns, please go to your branch of account or call our Customer Contact Center at (02) 8631-8000. hi gusto ko sana magtanong gusto ko mag open ng account sa bdo kabayan savings account pwede ba na ang relatives ko aNG mag aapply for me kac nasa Canada aq. BDO Kabayan Savings has all the features that every OFW needs to ensure that he is able to save his hard earned money in a secured account plus he may be able to avail of the free insurance that comes with it if he meets the qualifications and requirements. BDO Kabayan Savings Account holders can conveniently pay for their loans and insurance through an auto-debit arrangement (ADA). As an Overseas Filipino Workers, it is important to secure an account and have your own savings for your future needs. Requirements and steps below. .page-node-save-20-disney-ice .title_bluebanner h2, Kabayan Savings is either a Peso or Dollar Account and it is designed for OFWs and their beneficiaries. Only PHP100 (for PHP account) or US$100 (for … Can be in pesos or in U.S. dollars • Only requires PHP100 or US$100 initial deposit and one (1) valid ID • With passbook and ATM debit card Remitters sending to BDO Kabayan Savings may qualify for free life and accident insurance Only three (3) steps to qualify and avail: ► Should have a minimum of six (6) remittances to the account in the last 12 months and; ► P25,000 monthly balance in the last 12 months. 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