Do you have an OFW family member who sends money to the Philippines regularly? Do you want to open an account with a trusted bank that offers a lot of features and benefits? If yes, BDO Kabayan Savings Account is for you.
Kabayan Savings is either a Peso or Dollar Account and it is designed for OFWs and their beneficiaries.
4 Reasons why you should open a Kabayan account
- It comes with passbook and ATM debit card.
- It has ZERO maintaining balance with at least one remittance each year.
Just remit at least once a year to keep the zero maintaining balance feature of the account. If there’s no remittance within a period of one year, your BDO Kabayan Savings Account will be converted to a regular account with a maintaining balance of PHP10,000.
- Remitters may qualify for FREE life and accident insurance
- Earn BDO Rewards points too from your savings and remittances
Kabayan Peso Savings Account
- Peso Savings
- For OFWs and their beneficiaries
- A Passbook will be issued for deposit and withdrawals
- Remitter Account – International ATM
- Beneficiary Account – Local ATM Card
Features:
- Initial deposit requirement – Php 100
- Minimum monthly ADB requirement – Php 0
- Minimum balance to earn interest – Php 5,000
- Interest rate – 0.500%
Service Fees and Charges:
- Account closure within 30 days – Php 300
- Below minimum balance – N/A
- Dormancy fee (no activity for 2 years) – Php 300
- Withholding tax for interest earned – 20.0%
Kabayan Dollar Savings Account
- US Dollar Denominated (USD) Savings
- For OFWs and their beneficiaries
- A Passbook will be issued for deposit and withdrawals
- International ATM card will also be issued
Features:
- Initial deposit requirement – USD 100.00
- Minimum monthly ADB requirement – USD 0.00
- Minimum balance to earn interest – USD 200.00
- Interest rate – 0.25%
Service Fees and Charges:
- Account closure within 30 days – USD 5.00
- Below minimum balance – N/A
- Withholding tax for interest earned – 7.50%
What are the benefits of BDO Kabayan Savings Account?
- You can send or receive remittances
- It comes with a Passbook that allows you to monitor transactions
- It is insured with PDIC up to Php 500,000.00 per depositor
- By having an account, you build credit history with the bank, making it easier for you to apply for a loan in the Philippines like Kabayan Home Loa, Kabayan Auto Loan, and Kabayan Personal Loan
- BDO Kabayan Savings Account holders can conveniently pay for their loans and insurance through an Auto-debit arrangement (ADA)
How to Open BDO Kabayan Savings Account?
Step 1 – Visit any BDO Unibank branch. Please note that physical presence at BDO Unibank branches is required.
Step 2 – Make sure to bring the following:
- Initial Deposit
- PHP100 (for PHP account) or
- US$100 (for USD account)
- 1 valid ID
- 1X1 photo
- Update: Please also bring a photocopy of the OFW’s Passport and Contract of Employment Abroad
Seafarers who are employed by POEA-accredited shipping companies, they may open a BDO Kabayan Shipping Dollar Account where they can directly credit their allotment.
The following are the requirements for Seafarers:
- Only $10 initial deposit
- one (1) valid ID with picture
- one (1) 1×1 ID picture and
- a valid seaman’s book
How to Check the Status of BDO Kabayan Savings Application
- If you’re in the Philippines, you may visit your branch of account or call BDO Hotline 631-8000
- If you’re abroad, you may call BDO Hotline 631-8000 or International Toll-Free Number: (Intl. Access Code) + 800-8-6318000
How to check your account balance on your Kabayan Savings
- Visit any BDO branch – You may check balance with your Passbook over-the-counter
- ATM Machine – You may check balance with your ATM Card
- BDO Online Banking – Enroll in BDO Internet Banking so you can access your account anytime, anywhere
How to Avail of the FREE Life and Accident Insurance
Mechanics:
- If the remitter is 18-65 years old and currently employed, he or she may qualify for Free Life and Accident Insurance through BDO Kabayan Savings Account.
- You have to enroll your Kabayan Savings Account in Free Life and Accident Insurance but it has to be under the name of the remitter or the remitter’s spouse, child, parent or sibling.
- Each enrolled BDO Kabayan Savings Account must meet the following requirements in the last 12 months:
- At least 6 remittance transactions
- Average Daily Balance (ADB) of at least PHP25,000 (maintained in your account), which is easy to maintain when you save through your BDO Kabayan Savings Account
- The enrolled remitter is covered by insurance for every month above requirements are met.
- The insured amount is 50% of ADB plus 50% of total remittances in the last 12 months not exceeding PHP1M per enrolled remitter.
BDO Kabayan Savings comes with a lot of features and benefits. If you are an OFW or a beneficiary, you should apply now to enjoy the benefits of having this account.
Maitanong ko lang po about sa Account ko, pag malaman ba nila ang account no. ko pwede ba nila i withdraw ang pera? I just want to clarify please?
kanino po ba nakapangalan ang account?
at nakanino po ang atm card?
kung sa inyo po nakapangalan at nasa inyo ang atm card, hindi po nila mawiwithdraw ang pera nyo.
D2 po ako s kuwait ngaun.gusto ko po m check kung talagang naihuhulog nga ang bawat pag deposit ko s account ko
Paano ko po malalaman kung tlgng naihuhulog po ang perang idenideposit ko?
kung may online banking kayo, pwede nyo po icheck online gamit ang computer o smartphone.
kung nasa pinas ang atm card nyo, pwede nyo ipacheck ung account balance kung sino man ang naghahawak at kung pinagkakatiwalaan nyo.
Hi po maam /sir…ofw po ako…naguluhuan ako sa atm ko n nsa sister ko…last march nawithdraw nila padala ko.but this month hindi kc ang lumabas exceeded minimize…same password lng nman nilagay dun..
Good day po dko po nahulogan Ang bdo acount ko isang tao na . Pwede pa po kaya kung mag hulog ako ngayon?
Ask ko lang po if yong atm na di lumabas sa machine makukuha ko pa ba yon kinain po ng machine yong atm ko dito po ako amman jordan
Good day,ask ko lang po,nag open kc ako ng account 2015,hindi ko sya nahulugan until now,maaari ko pa po ba yun gamitin,at ok lang po ba na kahit magkano ang ideposit kc lumagpas po ako sa isang taon na di pag huhulog.tnx po.
Paano po kung hindi ako mkpag log in s online banking kc po nklimutan ko n user id at password ko?gusto ko pong mag inquire ng balance ko.
How bout im no longer use my kabayan savings account almost 3yrs pwede pa ba xang hulugan or gamitin..
Thnks asa.
Im currently here in the US now and im interested to open an account in BDO. Is it possible to open po ba though wla ako jan sa pinas or kailangan tlga personally to open a savings account jan? Salamat
Hi Ask ko lang po sana If merong KABAYAN SAVINGS ang KAPATID ko from UAE then pwede ba ako kumuha ng SUB ATM ng account niya so ang lalabas may ATM siya sa UAE then meron din akong ATM dito sa pinas na naka.link sa ACCOUNT niya? Possible po ba yun?? Thanks po.. await po sa sasagot..
Hi po gusto ko lang po Sa nang itanong kung pwede po ba akong mag open ng account sa bdo kabayan savings? kahit yung nagpapadala saken ay nasa ibang bansa ,? nandito po ako sa pinas, wait ko po answer nyo_salamat
Hi po tanong ko lang po kung pwede akong mag open ng account sa bdo kabayan savings ?kahit yung nagpapadala saken ay NASA ibang bansa ?nandito po ako sa pinas wait ko po answer nyo salamat.
Paano ko malalamn kung activ pa ang account ko 1 yr ko na kc hndi pa nahulugan …tnx
Good day po. . .ngopen po ako kabayan account sa zamboanga branch gosto ko po sana mgenroll sa online mobile banking kaso hndi ko tlga maopen dto sa saudi ung website nyo i hope ma asses nyo ako sa concern ko po its really important to me n mka accesss ako online pra ma update ko ang savings ko. Thank you so much.
anu po ba tlga mga req s pgopn bdo kbyan
ngpnta po kc ate q hnhnpan p xa ng copy ng passport at kontrata nia
eh nklgay po s req. nio valid id lng at 1×1
usually kasi ang nag-oopen nito ang ofw mismo. thanks for sharing this info, we will share it here.
may tanung poh aq,,, pwede b mag-open ng account d2 s dubai,, ngtanung kc q d2 s remittance n pinapadalhan q,, pwede dw sbi nila,, totoo kya un?