Here is a simplified guide for you if you want to know about the BDO Kabayan Savings account requirements.
Banco De Oro (BDO) Kabayan Savings was designed to create a financial relationship between BDO Remit and Filipino migrants and families, and it has, over the years, done so accordingly.
The BDO Kabayan Savings comes with extended benefits, which allow account-holders and beneficiaries access to a better future.
Hence, if you are looking to open one, then you are making the right decision.
However, opening this account will require you to know all that you will need to make the account creation successful.
This is why this guide has set out the BDO Kabayan Savings account requirements to help you.
BDO Kabayan Savings Account Requirements
The following are the requirements to open a BDO Kabayan Savings account:
- A valid ID
- Image of your signature
- Your minimum initial deposit
Kindly visit https://www.bdo.com.ph/personal/remittance-services/bdo-kabayan-savings to read more about these requirements.
What Is The Minimum Balance Requirement For BDO Kabayan Savings Account
The minimum balance required to maintain a BDO Kabayan Savings account currently stands at Php 2000.00.
With this balance in your account per month, your account is verified as fit for all the benefits that come with using a BDO Kabayan savings account.
Hence, account-holders need to ensure that they always have this balance or more every month.
Difference Between Savings And Joint Account
Just as the names suggest, there is a difference between a BDO Kabayan Savings and a Joint account.
Though they are both used for purposes of financial operations, a BDO Kabayan Savings account differs from its Joint account based on the number of people who operate the account.
The savings account is operated by one individual, whereas joint account operations are shared between two parties.
For more information on the BDO Kabayan Savings account, visit https://www.bdo.com.ph/personal/remittance-services/bdo-kabayan-savings.
Here is where we will end on “BDO Kabayan Savings account.”