Effective April 1, 2019, the Bank will increase its maintaining balance requirements on Current and Savings Accounts (CA/SA) to compensate for the rising cost of operations. Rest assured that the increase in maintaining balance requirements, and the corresponding penalty charges thereof are aligned with industry standards.
Accordingly, CA/SA accounts falling below the required maintaining balance for two consecutive months will be charged PHP 200 (Individual) / PHP 500 (Corporate) and USD 5 (Dollar Savings Account) on the last day of the second month.
Subsequently, the same amount will be charged if the balance of the account remains below the required amount on the succeeding months.
For further information, please feel free to talk to any of our officers at a Malayan Bank branch nearest you.