Enrolled in BPI Maxi-Saver? By June, your minimum balance should be P2 million

According to the new rates, the ADB requirement for Peso Maxi-Saver Savings Accounts for Debit Card and for Passbook will be raised to P2 million from P50,000 and P75,000, the bank said in an advisory.

Likewise, the required daily balance to earn interest was also raised to P2 million from P50,000 and P75,000, it said.A monthly service charge of P300 will be imposed if an account falls below the required average daily balance for 2 consecutive months, the bank said. BPI said it would communicate with customers of Peso Maxi-Saver Savings Accounts "in the coming weeks" about the changes.

The Bangko Sentral ng Pilipinas earlier said it provided banks with enough aid to extend help to Filipino consumers during the COVID-19 pandemic. Reserve requirements were cut to infuse more liquidity in the market and the key interest rates, used by banks to price loans, were kept at its lowest level of 2 percent.

👎👎👎👎👎👎👎👎👎👎👎👎

Panahon na talaga para lumipat ng bank TalktoBPI.😞

Lipat na sa ING

Close account agad ko eto

Goodbye, BPI!

Oh come on!

I'm 2 pesos short. I mean, I'm 2 MILLION pesos short.

P2 minus the M.

maraming ibang banko dyan.. edi magalisam ang mga depsitors nyo...bank run ang aabutan nyo..sino talo?

This is crazy. That's quite a big jump. And with penalty too. And in the time of the pandemic too. What they should do instead is to reclassify the affected accounts. Impose new rules on those new to MaxiSaver. Do not penalize your old clients. TalktoBPI

From P50k to P2 million. A bank product now meant only for the affluent. TalktoBPI

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