You need to maintain a certain minimum amount in your bank account so that your bank will continue to manage your account. This certain minimum is called Maintaining Balance.
Maintaining Balance is also called Monthly Average Daily Balance (MADB).
If you fail to maintain your MADB for 2 consecutive months (dalawang magkasunod na buwan), your account will be deducted with 300 pesos to 500 pesos at the end of the second month. The deduction will continue from month to month until you are able to maintain your ADB for the month.
LANDBANK
Savings Account with ATM Access
Maintaining Balance: 500 pesos
Required daily balance to earn interest: 500 pesos
Maximum Withdrawal Amount Per day: 50,000 pesos
BANK Of COMMERCE
ATM Savings
Maintaining balance: 500 pesos
Minimum ADB to earn interest: 500 pesos
Interest credited monthly
MAYBANK
Value Savings Account
Maintaining balance: 500 pesos
Minimum ADB to earn interest: 10,000 pesos
ATM card can be used at any Maybank ATMs
in Malaysia, Singapore and Brunei
RCBC SAVINGS BANK
Basic Savings Account with ATM Card
Maintaining Balance: 500 pesos
MADB to Earn Interest: 25,000.00 pesos
Dormancy Fee: 500 pesos
Below MADB Fee: 500 pesos
Early Closure Fee: 500 pesos
DBP Development Bank of the Philippines
Peso ATM or Passbook Account
Maintaining Balance: 500 pesos
Minimum ADB to earn interest: 500 pesos
CITYSTATE SAVINGS
Peso Passbook Savings Account with ATM Card
Maintaining balance: 500 pesos
Minimum ADB to earn interest: 1,000 pesos
Interest credited monthly
Peso ATM Savings Account
Maintaining balance: 500 pesos
Min bal to earn interest: 1,000 pesos
Interest credited monthly
BANK OF MAKATI
Regular Savings Account
Maintaining balance: 500 pesos
Min ADB to earn interest: 1,000 pesos
Power Build-Up Savings Account
Maintaining balance: 500 pesos
You earn interest if you withdraw only up to 2 times a month.
*For both accounts, a service fee of 50 pesos per month is charged if you fall below the required ADB
POSTAL BANK Philippine Postal Savings Bank
Peso Passbook Savings Account
Maintaining Balance: 500 pesos
Minimum ADB to Earn Interest: 1,000 pesos
Interest compounded monthly, credited quarterly
PostalCash ATM Account
Maintaining Balance: 500 pesos
Minimum ADB to Earn Interest: 1,000 pesos
Interest compounded monthly, credited quarterly
BPI FAMILY SAVINGS BANK
Express Teller Savings
Maintaining Balance: 1,000 pesos
Min Amount to Earn interest: 3,000 pesos
CHINABANK Savings (CBS)
Easi-Save ATM Account
Opening Balance: 500 Pesos
Minimum ADB to earn interest: 1,000 pesos
Easi-Save Passbook
Opening Balance: 500 Pesos
Minimum ADB to earn interest: 1,000 pesos
Service charge if you close within 90 days: 200 pesos
BANK of COMMERCE
Passbook Savings Account
Maintaining balance: 1,000 pesos
Minimum ADB to earn interest: 1,000 pesos
PHILIPPINE VETERANS BANK
Regular Peso Savings for Non-Veterans
Maintaining balance: 1,000 pesos
Minimum ADB to earn Interest: 10,000 pesos
Choice of passbook and/or ATM
PHILIPPINE BUSINESS BANK
Passbook Savings Account
Maintaining Balance: 1,000 pesos
Minimum ADB to Earn Interest: 1,000 pesos
2 valid IDs
2 one-by-one ID pictures
Tax Identification Number
Plus
Proof of home address
(Some banks require this. If you have a Meralco, PLDT, Globe, Smart or other utility bill in your name, bring it in case it's required.)
For Students:
Latest School ID (with photo, signed by school head)
Birth Certificate
For In-Trust-For (ITF) Accounts (for kids who cannot yet sign):
Birth certificate
School ID (with photo and school head's signature)
Parent needs to present valid ID
Remember, if your account is ATM-based, and you do not have a passbook,
most banks require you to withdraw only through the ATM.
You’ll pay a fee if you withdraw over the counter.
Maintaining Balance is also called Monthly Average Daily Balance (MADB).
If you fail to maintain your MADB for 2 consecutive months (dalawang magkasunod na buwan), your account will be deducted with 300 pesos to 500 pesos at the end of the second month. The deduction will continue from month to month until you are able to maintain your ADB for the month.
Here are Bank Savings Accounts Requiring an MADB of Only 500 Pesos:
LANDBANK
Savings Account with ATM Access
Maintaining Balance: 500 pesos
Required daily balance to earn interest: 500 pesos
Maximum Withdrawal Amount Per day: 50,000 pesos
BANK Of COMMERCE
ATM Savings
Maintaining balance: 500 pesos
Minimum ADB to earn interest: 500 pesos
Interest credited monthly
MAYBANK
Value Savings Account
Maintaining balance: 500 pesos
Minimum ADB to earn interest: 10,000 pesos
ATM card can be used at any Maybank ATMs
in Malaysia, Singapore and Brunei
RCBC SAVINGS BANK
Basic Savings Account with ATM Card
Maintaining Balance: 500 pesos
MADB to Earn Interest: 25,000.00 pesos
Dormancy Fee: 500 pesos
Below MADB Fee: 500 pesos
Early Closure Fee: 500 pesos
DBP Development Bank of the Philippines
Peso ATM or Passbook Account
Maintaining Balance: 500 pesos
Minimum ADB to earn interest: 500 pesos
CITYSTATE SAVINGS
Peso Passbook Savings Account with ATM Card
Maintaining balance: 500 pesos
Minimum ADB to earn interest: 1,000 pesos
Interest credited monthly
Peso ATM Savings Account
Maintaining balance: 500 pesos
Min bal to earn interest: 1,000 pesos
Interest credited monthly
BANK OF MAKATI
Regular Savings Account
Maintaining balance: 500 pesos
Min ADB to earn interest: 1,000 pesos
Power Build-Up Savings Account
Maintaining balance: 500 pesos
You earn interest if you withdraw only up to 2 times a month.
*For both accounts, a service fee of 50 pesos per month is charged if you fall below the required ADB
POSTAL BANK Philippine Postal Savings Bank
Peso Passbook Savings Account
Maintaining Balance: 500 pesos
Minimum ADB to Earn Interest: 1,000 pesos
Interest compounded monthly, credited quarterly
PostalCash ATM Account
Maintaining Balance: 500 pesos
Minimum ADB to Earn Interest: 1,000 pesos
Interest compounded monthly, credited quarterly
Savings Accounts with an MADB of Only 1,000 Pesos:
BPI FAMILY SAVINGS BANK
Express Teller Savings
Maintaining Balance: 1,000 pesos
Min Amount to Earn interest: 3,000 pesos
CHINABANK Savings (CBS)
Easi-Save ATM Account
Opening Balance: 500 Pesos
Minimum ADB to earn interest: 1,000 pesos
Easi-Save Passbook
Opening Balance: 500 Pesos
Minimum ADB to earn interest: 1,000 pesos
Service charge if you close within 90 days: 200 pesos
BANK of COMMERCE
Passbook Savings Account
Maintaining balance: 1,000 pesos
Minimum ADB to earn interest: 1,000 pesos
PHILIPPINE VETERANS BANK
Regular Peso Savings for Non-Veterans
Maintaining balance: 1,000 pesos
Minimum ADB to earn Interest: 10,000 pesos
Choice of passbook and/or ATM
PHILIPPINE BUSINESS BANK
Passbook Savings Account
Maintaining Balance: 1,000 pesos
Minimum ADB to Earn Interest: 1,000 pesos
Common basic requirements in opening a bank savings account:
2 valid IDs2 one-by-one ID pictures
Tax Identification Number
Plus
Proof of home address
(Some banks require this. If you have a Meralco, PLDT, Globe, Smart or other utility bill in your name, bring it in case it's required.)
For Students:
Latest School ID (with photo, signed by school head)
Birth Certificate
For In-Trust-For (ITF) Accounts (for kids who cannot yet sign):
Birth certificate
School ID (with photo and school head's signature)
Parent needs to present valid ID
Remember, if your account is ATM-based, and you do not have a passbook,
most banks require you to withdraw only through the ATM.
You’ll pay a fee if you withdraw over the counter.