There is no maintaining balance for your BanKO account but it can be dormant if no transactions are made in 2 years.
Starting January 1, 2015, there will be a maintenance fee of P25 a month for dormant accounts.
Make sure to use your account to avoid being dormant.
Some tips for taking care of your BanKO account :
- Save regularly! As an account holder, you have 4 free cash-in every month*. Your savings will also earn interest if it reaches P2,000 – P100,000 average daily balance (ADB).
- Check your balance. BALANCE INQUIRY is free from your phone’s BanKO menu. Just dial *118*1#.
- Use BanKO transactions to manage your savings better! Load cellphones for all networks. Get discounts if you’re a Globe/TM subscriber. Use SEND MONEY to get lower service fees and use PAY BILLS to reduce travel expense.
Based on BanKO dormancy effective October 21, 2014
*succeeding cash-in will be charged P1 for every P100