Author Topic: Penalty sa bank account (Read 5035 times)

cjap10 · « **on:** May 29, 2008, 11:23 AM »

Hello, all!

Ako ay may friend na may savings acount sa BPI at nitong Mayo lang ay bumaba ang kanyang balance sa required minimum balance ng bank. P200 ang penalty niya ayon sa bank. Ang pagkakaalam ko magkakaron ng penalty kapag nagdrop below the minimum balance ang laman ng account mo at lumagpas ka sa cut off date ng bank. Pero hindi ganito ang nangyari.

Tumawag ang friend ko sa hotline ng BPI, nagtanong cia kung kelan ba ina-apply ang penalty. Ang sabi magkakaron ng penalty basta't ang laman ng bank account mo ay below the required minimum balance at may sinasabi pang mga number of days na hindi naintindihan ng friend ko. Kaya ako naman ang tumawag. So same question, at ito naman ang sinabi sakin : maaapply ang penalty (actually kinorrect pa ako ng CS dahil service charge daw ang tawag dun) pag nagfall below the required minimum balance and kinoconsider daw nila ang number of days kung kelan below the required minimum balance (hay, kanina ko pa to sinasabi ah!) ang laman ng account ng depositor. Tinanong ko kung ilan days, kung 30 days ba yun? ang sabi 30 days daw. Wala raw talaga definite cut off date. So ang pagkakaintindi ko ay magbabayad ka ng penalty kapag lumampas sa minimum ang laman ng account mo at hindi mo cia naibalik above the minimum required in 30 days.

Yung friend ko dumaan sa bank at nagtanong dun. Ang sabi basta bumaba daw sa minimum required, may penalty na agad.

Ano ba talaga? Ang gulo nila iba-iba mga pinagsasabi nila. Meron na ba dito naka-experience na napatawan ng penalty? Baka may nakakaalam kung pano ba talaga to iniimplement? Baka sakali mas alam nyo pa kaysa mga CS na hindi ko alam kung alam ba talaga nila pinagsasabi nila.

nina · « **Reply #1 on:** May 29, 2008, 01:08 PM »

Sa pagkakaalam ko po, BPI will sum up your daily account balance for the month and divide it according to the number of days on that month. If your average daily balance is below the required daily minimum maintaining balance then a P200 service charge will be deducted from your account at the end of the month.

silensyo · « **Reply #2 on:** May 29, 2008, 02:31 PM »

Nangyare na to dati sakin sa BPI at PNB! Parehong naclose yung account ko. ayaw nila pakita pareho yung "history" ng account kung pano ngyare. wala na daw yun pag na close na.. boo... although kasalanan ko rin dahil hindi ko pinapansin ung ATM cards, yun nga lang sana pwede nila pakita yung transaction history.

maaku · « **Reply #3 on:** May 29, 2008, 03:11 PM »

Happened to me sa BDO, I thought ADB ang basis nila, hindi pala basta bumaba ng min balance...

leela · « **Reply #4 on:** May 29, 2008, 03:52 PM »

so how much is the "required daily minimum maintaining balance?"

cjap10 · « **Reply #5 on:** May 29, 2008, 04:30 PM »

sa BPI it's P3000 sa savings account. Pag current, P10000 sa regular, P25000 naman sa premium

sxy_shandy · « **Reply #6 on:** Jul 14, 2008, 06:12 PM »

The bank charges the penalty if your AVERAGE DAILY BALANCE falls below the minimum. For BPI savings, P3,000; checking, P10,000. For BPI Family savings P1,000.

That just means:
Say, you start out with P10k in your account and you don't touch it for 2 weeks.
Day 1 to Day 15 balance everyday : P10,000 x 15 days

Then on Day 16, you withdraw 9,950, leaving only P50 in your account
Day 16 to Day 30: P50 x 15 days

(Day 1 balance + Day 30 balance) / 30 days = (10,000x15 days+50x15 days) / 30 days = P5,025 ADB > minimum P3,000
so you're safe. There shouldn't be any charge.

ahock · « **Reply #7 on:** Jul 14, 2008, 07:19 PM »

alamko ganyan din same kay shandy

leela · « **Reply #8 on:** Jul 15, 2008, 12:36 PM »

sa dollar account, magkano maintaining balance?

tops5450 · « **Reply #9 on:** Jul 15, 2008, 04:22 PM »

Eto na ang sinasabi nila "Banks are not there to make you rich". If sa tingin mo that you are almost 50% way above the maintaining balance ay you got to discipline yourself a little bit. But if you are planning to get below the maintaining balance even just for a couple of days, better withdraw it all than earn a penalty. Convenience has its price.

bluelobster · « **Reply #10 on:** Jul 15, 2008, 06:17 PM »

this happened to me in BDO just recently.

sa BDO nmn pag nagfall below minimum maintaining balance ka for 2 consecutive months ska sila magde-deduct ng service charge worth P200.

minimum maintaining balance for their passbook + atm savings account is P5000 while atm savings account is only P2000.

philsdutchie · « **Reply #11 on:** Jul 16, 2008, 04:29 PM »

Can someone explain where those penalties come from?? The bank must be happy to have a client. Is there no consumer organisation to have a look at this?
in other countries you dont have to maintain a certain balance on regular accounts (only on some high interest savings accounts) there is also no dormancy fee, cheques are history and you can pay by internet to all other bankaccounts in the country for free.