How Much is the Maintaining Balance in BPI 2022

Opening a bank account is a good start, but your adulting life does not stop there.

BPI has great options for you whether you want a low-key or a high-end account.

If you want to know how much is the maintaining balance in BPI, check out all the details in this article:

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How much is the Maintaining balance in BPI for different accounts?

There are practically two types of maintaining balance in BPI: one is the monthly ADB and the other is the daily balance to earn interest.

To put it simply, you need to keep more money in your account in order to take advantage of interest rates.

Here’s the list of account types with corresponding minimum monthly ADB:

  • #SaveUp – P3,000
  • Jumpstart Savings – P1,000
  • Maxi Saver Debit Card or Passbook – P2,000,000
  • Saver Plus – P50,000
  • Padala Moneyger – none
  • Pamana Padala – waived with at least 4 remittances per year
  • Pamana Savings Debit Card – P25,000
  • Pamana Savings Passbook – P75,000
  • Passbook Savings – P10,000
  • Regular Savings – P3,000
  • Save-Up (Automatic Savings + Insurance) – P1,000
  • Save-Up High – P1,000
  • Direct Deposit US Pension with Passbook – P1,000
  • BizLink Checking – P10,000
  • Business Checking – P10,000
  • Maxi One (Statement only/ with Debit Card)- P25,000
  • Maxi One Passbook – P250,000
  • Regular Checking – P10,000

For foreign currency savings accounts, you can check the monthly ADB requirement for USD, AUD, GBP, CAD, CNY/RMB, EUR, HKD, JPY, and CHF.

Here’s the same account types with the required daily balance to earn interest:

  • #SaveUp – P5,000
  • Jumpstart Savings – P2000
  • Maxi Saver Debit Card or Passbook – P2,000,000
  • Saver Plus – P50,000
  • Padala Moneyger – P5,000
  • Pamana Padala – P5,000
  • Pamana Savings Debit Card – P25,000
  • Pamana Savings Passbook – P75,000
  • Passbook Savings – P25,000
  • Regular Savings – P5,000
  • Save-Up (Automatic Savings + Insurance) – P5,000
  • Save-Up High – P5,000
  • Direct Deposit US Pension with Passbook – P25,000
  • Maxi One (Statement only/ with Debit Card)- P25,000
  • Maxi One Passbook – P25,000

For foreign currency savings accounts such as USD, AUD, GBP, CAD, CNY/RMB, EUR, HKD, JPY, and CHF, you can check the required daily balance to earn interest.

What is a Maintaining Balance?

A maintaining balance is a banking industry-standard policy that tells you how much money you should leave in your account at a given time.

Usually, this refers to the monthly average daily balance, wherein you either don’t touch that amount or you compensate in another deposit just in case you have withdrawn just a portion, or the whole amount.

Following the maintaining balance requirement is optional since it does not mean that you cannot withdraw the remaining amount from your account.

However, doing so will negatively affect your bank account and may even result in account closing.

How do I calculate my monthly ADB?

In order to compute your average daily balance for the month, you just need to know your balance at the end of each day, and the days of the month.

You just need to add all the daily ending balance of the month and divide it by the number of days in that month.

What will happen if my account falls below maintaining balance

If the balance in your BPI account fell below the compulsory average daily balance, the following amounts will be deducted:

  • Maxi-One with Passbook – P500
  • Other Peso Deposit Accounts – P300
  • Dollar Savings Accounts – USD5
  • AUD Passbook Savings Account – AUD8
  • CAD Passbook Savings Account – CAD7
  • CHF Passbook Savings Account – CHF7
  • EUR Passbook Savings Account – EUR4.50
  • GBP Passbook Savings Account – GBP3.50
  • JPY Passbook Savings Account – JPY600
  • CNY Passbook Savings Account – CNY35

You should know that there can be monthly deductions until your balance is zeroed out.

This information is under the BPI Bank Service Fees.

FAQs

Why is there a maintaining balance in BPI?

Just like all banks, BPI has a maintaining balance in order to encourage healthy financial behavior in consumers.

Every bank needs to maintain capital for its operations in accordance with regulatory requirements.

One way to meet this is to increase the number of depositors, whose deposited money allows the bank to perform banking activities such as lending and investing.

Can I withdraw a large portion of my maintaining balance without incurring fees?

Yes, you can definitely do that but you need to make sure that you deposit an amount at the end of the day so that your end-of-day balance is equal to the ADB amount.

If not, you need to increase your deposit as soon as possible and do the monthly ADB computation to know how much you can deposit more and how late you can add that deposit.

When will BPI close my account in case the balance is zeroed out?

According to the Terms and Conditions of BPI, the bank can automatically do the closing of your account without informing you.

Depending on your type of account, it may be closed in as fast as one week.

Is there a savings account with no required maintaining balance in BPI?

Yes, BPI has a savings account with no monthly ADB requirement, which is the BPI Padala Moneyger for OFWs.

Conclusion

Keeping in mind that your bank has a required maintaining balance will encourage you to save more or decrease your spending.

Always make sure to replenish your funds just in case you went below the required balance.

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