Philippine Banks With No Maintaining Balance

Philippine banks with no maintaining balance, are there such?

I wanted to open a Philippine Bank with no maintaining balance for the purpose of saving for a rainy day.

I have also a relative abroad that occasionally send me money by way of a remittance and I need a savings account for that purpose.

It has been my trait to sometimes withdraw all my money in the bank only to be charged a penalty afterwards for being unable to maintain the required maintaining balance.

I then decided to look for Philippine banks with no maintaining balance requirement.

I searched for a bank where I can do the following banking transactions.

  • Make a deposit
  • Withdraw money anytime and anywhere
  • Pay bills online
  • Do online banking and shopping
  • Receive money from abroad and locally
  • Transfer funds to other banks

Here are the Philippine Banks with no maintaining balance requirement which I found.

Bank of Commerce

  • Sikap Pinoy OFW Account
  • Account is for OFW and their dependents
  • Required initial deposit – None
  • Minimum maintaining balance – None


  • Easy Saver
  • Account opening for as low as P200
  • No maintaining balance
  • P5 per withdrawal in any BPI Express Teller ATMs
  • P50 for the Express Teller Card fee
  • P100 for withdrawals done over-the-counter in any BPI Branch


  • Direct Deposit Peso Savings Account
  • For Pensioners Only
  • No initial deposit requirement
  • No minimum monthly balance
  • Minimum monthly balance requirement to earn interest – P5,000
  • Interest Rate – .25%


  • OFW Peso Savings Account Passbook or ATM
  • Initial Deposit – Zero
  • Maintaining balance – Zero
  • Balance to earn interest – P10,000
  • Interest rate – .250% per annum

Standard Chartered bank

  • eSaver
  • Opening deposit requirement – Zero
  • Online transfers (same bank) – Free
  • Minimum balance requirement – Zero
  • Minimum Amount to Earn Interest – P1

China Bank

  • Overseas Kababayan Savings
  • For OFW’s Only
  • Initial deposit requirement – Waived
  • Minimum monthly average daily balance requirement – Waived
  • Minimum balance to earn interest – P1,000
  • Interest rate – .25%


  • Remittance Savings Account ATM/Passbook
  • Initial deposit – Waived
  • Maintaining balance – Waived
  • Minimum average daily balance to earn interest – P500


philippine banks with no maintaining balance

  • EON
  • Initial deposit – None
  • No minimum balance to maintain
  • Minimum ADB to earn Interest – P10,000
  • Interest rate – .500%
  • Annual fee – P350