Product details

Requirement

Any of the following valid IDs:

  • Seaman's book o Marina ID
  • PRC ID issued to Seafarers

Minimum Initial Deposit

$10.00

Minimum MADB Requirement

$0

Minimum Balance to Earn Interest

$200.00

Gross Interest Rate Per Annum

0.05%

Fees and charges

Account Closure within 30 days

 $10

Below Minimum Balance

$0

Withholding Tax for Interest Earned

15%

BDO Kabayan Savings is processed and opened only in the Philippines. Passbook and ATM debit card are distributed only in the Philippines. Deposits are insured by PDIC up to P1 Million per depositor.