-->



I often read and hear complaints from bank accountholders that their bank account balance became zero and they somehow felt like being robbed unknowingly. Many people open a bank account and then totally forget about it after making the initial deposit. 

Bank clients should know that if there is no financial activity on their account for a specific period of time, it will become dormant.

For BDO accountholders, if there is no deposit or withdrawal made for a period of two years for a savings account and one year for a checking account it will become dormant. 

Dormant accounts are subject to dormancy fee, under the regulations of the Bangko Sentral ng Pilipinas (BSP). Charges will be collected by banks if an account has no activity for five years and falls below the minimum monthly average daily balance (MADB). 

To prevent the account from being dormant and keep it active, clients are advised to regularly make deposits or withdrawals even in small amounts. 

Meanwhile, BDO Unibank said clients can still reactivate dormant accounts -- even if left with a small amount – by just visiting their branch of account and depositing any amount even as low as Php1. 

For additional information, clients may visit www.bdo.com.ph.