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BDO Advisory: Why do Accounts Become Dormant?

BDO Accounts Become Dormant

BDO Advisory: Why do accounts become dormant and how to avoid it? Bank clients are reminded that accounts without any activity for a long time can become dormant. A bank account is considered dormant when there is no financial activity — deposit or withdrawal — for a period of two years for a savings account and one year for a checking account.

Dormant accounts are subject to a 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). Related: Convenient Ways to Do Bank Transactions with BDO

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


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