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 ₱500,000 per depositor.