If you are an Overseas Filipino Worker (OFW) or planning to be one, and you’re looking for the best bank where you can open or apply an account with, look no further than BDO.
BDO now offers BDO Kabayan Savings account, which is a fixed interest-bearing peso savings account.
It comes with a passbook, which you can use to deposit and withdraw money.
Furthermore, BDO Kabayan Savings account allows smoother and faster transactions because of the following:
- For remitter accounts, an international ATM card will be issued
- For beneficiary accounts, a local ATM card will be given
BDO Kabayan Savings account was indeed designed for OFWs and their beneficiaries.
What are the Features of BDO Kabayan Savings Account?
- Initial Deposit
Opening a BDO Kabayan Savings Account only requires Php 50.00 initial deposit. This is much lower than what other banks offer.
Having a low Initial Deposit allows people to open an account easily and hassle-free. This is helpful especially to those who have limited budget before going abroad for employment.
- Minimum Balance
The minimum monthly ADB requirement of BDO Kabayan Savings account is Php 0.00
You don’t have to worry about going below the usual maintaining balance as with other bank accounts and getting penalized because this savings account doesn’t require you any amount at all.
For beneficiaries who receive remittance from their loved ones abroad, withdrawing the full amount is not a problem. You can withdraw everything you have in your BDO Kabayan Saving account down to the last peso.
- Minimum balance to earn interest
If you’re saving a portion of your hard-earned money or remittance, having a BDO Kabayan Savings account can be a good option. The minimum balance to earn interest is Php 5,000.
- Interest Rate
Interest Rate is 0.500%. Please inquire directly with the bank to verify or confirm their current interest rate.
How much are the Service Fees and Charges?
- Php 300.00 – for account closure within 30 days
- Php 0.00 – fee for falling below minimum balance
- Php 300.00 – for dormancy fee (no activity for 2 years)
- 20% – withholding tax for interest earned
4 Reasons why you should open a BDO Kabayan Savings Account
- CONVENIENCE
Whether you’re the remitter or the recipient, sending or receiving remittances is very convenient with BDO Kabayan Savings account.
You can withdraw anytime and anywhere from more than 17,000 BDO, Expressnet, Megalink, and BankNet ATMs in the Philippines using your BDO Kabayan Savings ATM Debit Card.
It’s fast and safe. Your remittance will be credited immediately to your account or your beneficiary’s.
- ACCESSIBILITY
BDO Kabayan Savings Account comes with a passbook, which allows you to easily monitor your transactions.
- INSURANCE
Just like with other banks, this BDO Kabayan Savings account is insured with PDIC up to Php 500,000.00 for every depositor. This gives you peace of mind and sense of security.
- SHOPPING CARD
With BDO Kabayan Savings ATM Debit Card, you can pay for items at SM and other accredited stores with point of sale (POS) terminals.
- LOAN PAYMENT VIA ADA
BDO Kabayan Savings Account holders can conveniently pay for their loans and insurance through an auto-debit arrangement (ADA).
Read this article on why you should remit to BDO Kabayan Savings Account.
How to Open a BDO Kabayan Savings Account?
- Prepare your requirements:
- Valid ID/s
- Initial Deposit (Php 50)
You may inquire directly at the branch for additional requirements.
- Go to the nearest BDO branch in your area of residence. Tell the bank officer that you want to open a BDO Kabayan Savings Account.
- Fill out the application form and submit the requirements.
- Your application will be processed.
You might be able to get your passbook and ATM within the same day. In some cases, the ATM card will be issued on a later date and you’ll have to go back to the bank to pick it up.
- Enroll in BDO Online Banking for easy and convenient banking transactions.
You may click here for the complete guide to BDO Online Banking.
Do you have a BDO Kabayan Savings Account?
How’s your experience so far in terms of sending or receiving remittance?
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I just want to ask if it is okei if I can open a bdo kabayan savings account,my husband is a seaman tnk u hope to hear from u soon
How can check my bank account if active or no?
Can i withdraw or chack bal here in abroad?
Hi i send a money to kabayan saving account last october 4,2016 until now have no yet my money bank to bank transaction, how is that?
Where can I open an account?Im working here in Jeddah, KSA, OFW
Al Rajhi Banking
Tahweel Al-Rajhi Jeddah Branch
Queen’s Bldg., Balad, Jeddah
Al Rajhi Banking – Jeddah
Mezzanine Floor
Queens Bldg., Jeddah
Bank Al Bilad
Enjaz Remittance Center Branch Al Balad
Jeddah
Pwede po ba mag open ng kabayan savings ang partner(misis) ko po sa pinas kahit andto po ako sa abu dhabi uae? Gusto kopo kc sa bdo account napo ako mag rremit ng pera sa partner(misis) ko sa pinas.. Pwde po ba?
Hi!ask poh confuse poh kc aq open poh ako kabayan savings account two months qna nhologan dto poh ako qatar twing holog q poh dna nba kailangan record sa passbook?bwat deposit?thx wait for reply
Hi, yong tungkol sa records ng passbook mo mag reflect lang yun once pupunta ka na ng BDO bank to withdraw or deposit. Once ma-e-feed na sa teller machine yong passbook mo saka pa lang ma e-post ang lahat ng transaction history sa account mo from previous months/days.
hi. do you have here branch here in Madinah Munawara,KSA ??
Ask q lang po pang international po ba ung atm na yan?pede po ba na sa abroad mgppadadala tapos isesend sa account ng atm a yan at s apinas mgwithdraw then pede rin po ba na if sa pinas lang din ung mgppdala?
May points din po b s emerald reward card?
hi raquel, sorry di ko pa nattry ung emerald reward card.
Hello pwede q p b gamitin or hulugan ang bdo kabayan savings acc q kht hindi n aq nkabalik s abroad.. At saan q xa pwede hulugan if pwede. Tns bdo.
gudmorning ma’am/sir,tanong ko lng po kung may branchang BDO sa cagayan valley TUGUEGARAO..gusto kc ng anak ko mg.open account
Hello po ask ko lang po, ang tanong ko ay active pa ba yong account ko sa kabayan, nag open ako last oct. 2015, e kaso hindi pa nahulogan sa husband ko, e ngayon, may plano po xa na hulogan nya. E sabi wag nalang, kasi almost 1yr. Na, baka ho hindi na active..plz. Reply, thank u..
Magddposit po aqo dto sa jeddah sa account qo pono qo malaman na ang diniposet qo po at naka pasok sa account qo.
can i check my balance or can i create internet banking without verification on atm booth in the philippines
ngpunta aq ng bdo at ng copy at ng rsibo ng pndla 3 mgksunud n buwang, un nkita n nla hindi raw pwd kz nklgay rw china bank, when i check online kng anu ned wl yn, anu po b tlg
Hi, we went to your BDO branch in Rockwell powerplant and they are asking for a proof of remittance before we can open an account for Kabayan savings. why is it not written on this page? it is very inconvenient as your staff says that we would need this in order for us to open an account after telling them that i am leaving already and just want to open an account for my son for him to recite my admittance. So, how can i show a proof of remittance while i am not yet in abroad?
Ask ko lang po naghulog ko sa kabayan account ko kahapon pero till now wala pa din sa account ko un transaction nasa ibang bansa ako now di ko magamit yun card ko till now.
This is really nice for us. My mom hassle free.
Hello po mgndang araw po mg ttanung lang po ako kng active pa ba ang BDO Kabayan account ko kc nung february 2016 po un inopen ko tps hndi ko pa nhulugan dto pa ako sa saudi kya gsto ko syang hulugan nxtyr. Active pa po ba sya.?! Thankyou and more power.
Hi! Ask ko lang po if pwede ako mag apply ng remittance account even if my husband is now abroad? Para kasing maayos naman ang banki nyo. Need some info and how to’s about this. thanks.
HELLO PO SATISFIED PO AKO SA BDO KABAYAN PERO NAIS KO LANG PO MALAMAN KUNG PAANO MALAMN BALANCE KO THRU ONLINE KASI BAGO NAPO EMAIL ADD KO. DAHIL NAKALIMUTAN KONA YONG DATI KUNG E MAIL ADD.
HELLO FROM ISRAEL,
PAANO PO MAG OPEN NG KABAYAN SAVINGS ACCOUNT IN FREE AND
ACCIDENT INSURANCE ..
THANKS AND GOD BLESS
like ko mag open account how? im presently working in china
how can i open an account? I’m currently working here in Saudi.
I gave kabayan savings card. But ma’am/sir. Kabayan card have a expiration??
Ma’am/sir. Meron po akong kabayan savings card pro dko po sia nhuhulogan.. Nagopen acct ako Jan 23 2016,expired. N po b 2? D2 po ako Saudi.. At kung sakali po b PD kong hulugan d2 PRA mkaipon?dala ko po kc anq passbook at ATM. Ty po
Try nyo muna ipa verify sa kamag-anak nyo sa pinas. Papuntahin mo sa BDO branch kung saan kayo ng-open at ipa-check kung active pa ba or dormant ang account nyo. If active, then pwede nyo pa mahulugan yun. Pero kung dormant, magrequest ka lang na gawing active, (maybe there’s some minimal charges to reactive it).
How can i used my kabayan saving to remit money to cash card. I’m here in Riyadh Saudi
Nais ko sanang magopen ng kabayan saving account and pamangkin ko na pinagkakatiwalaan ko ng aking mga kabuhayan sa Pilipinas, Inisyuhan po ako ng BDO ng check galing sa Loyola. Wala po akong BDO account isa pa narito pa ako sa Saudi at medyo matagal tagal pa akong makakauwi jan sa atin. Puede po ba? paki sagot po by email a.b.espiritu61@gmail.com
Hello.. pwede po ba mg sent sakin pinsan ko ng money sakin to my atm account pero Philippines din sya?
Hello, I’ve friend in CM city, her daughter just got Dengue fever, and I wanted to help her financially, but asked my bank; Security Service Federal Credit Union and was informed of money wire cost. I’m not rich, but know $300 pesos is close to $6 USD, so was thinking of alternatives like opening an account there! Was told her sister has an account there, was given her account number! What would be required for me to open a joint account with my friend? Thanks, be good, God bless you, Steve
I would like to ask about passbook and master card are same account #?
Pano ko malalaman active pa account ko?
romel,
Hi po dito ako sa saudi eastern region, hufof to be exact meron po ba kayo remittance center na pwede maka pag open ng kabayan account?
Eto yong pinakamalapit na place na pwede mo puntahan to open a BDO Account.
AL-KHOBAR
Al Rajhi Banking
PO Box 1362, Alkhobar 31952
Al Zamil Exchange
PO Box 83 King Saud St. Cor. Cross A
Al Khobar 31952
(near Al Shula Shopping Center)
DAMMAM
Al Rajhi Banking Dammam
Dhahran St., Dammam
(near Saudi British Bank)
Sir yong 300 ba na charges evry deposit ba yon?may 300 na ibabawas kasi binabawasan ako nang 300 nag open account ako sa kaabayan savings last august this year
Pano po Ako maka regester Mali daw ung number Ko dito sa Jeddah ..pls help me
Do you have affiliated bank here in cambodia?
Hi I just want to ask if I still can refund the money that I’ve deposit in my bdo kabayang savings this kune 23,2017? Because i wonder if it’s credited on my account because i cannot process transactions here overseas. The last time I’ve deposit overseas is November 2016 and next is june 2017, is my account still active? How can i refund the money that I’ve sent on that account? Pls I need urgent response. Thank you
I need your response immediately because I already e mail in your website and still there is no response also i called overseas but still it didn’t clarify about my account
I would like to open an kabayan savings account how ever I am in Israel right now. Is there any chance or option?
Hello po gusto ko po sana mg open ng kabayan account s bdo dito po ako ngayon s dubai saan po pwd??
Ask ko lang po, pde po bng reqs. Pgnaaply ng kabayan savings na remittance is cebuana ?
Hi, Can i apply via online?
Hi can i make a BDO acct po khit passport copy lng hawak ko dhil on process pa ang papeles ko
I forgot my personal identification number. How can I change while I am here in Dubai?
san po pede mag open ng BDO account dito sa Abu Dhabi?
pwede po bang mag open ng kabayan savings account kahit walang magpapadala from abroad?