Skip to content Banco De Oro (BDO) is one of the most noticeable banks here in the Philippines. Furthermore, they offer some services that other banks don’t; in contrast, some banks also offer services that BDO doesn’t. With that in mind, you may be wondering if BDO reactivates or reopens a now closed/deactivated account. In our previous article, we mentioned that once your bank closes/deactivates your account, you can no longer reopen it. But given that BDO is a bank that a lot of Filipinos look up to, do they give this exemption? Moreover, does their tag line “We find ways” apply in this kind of scenario?
Before we answer that, you may be wondering how BDO closes or deactivates an account. As far as banking concerns, if you are not at par with the agreement you had with the bank, your bank has the option to close the account or to deactivate it.
What is a deactivated BDO account?
In shorter and simpler terms, a deactivated BDO account is an account that can neither accept any more remittances nor transfer funds and deposits. BDO can choose to deactivate your savings or passbook accounts if you weren’t able to cope with the required minimum amount; or some other reason.
Can I reactivate or reopen a closed BDO Account?
To finally answer the question, No, you cannot reactivate an already closed BDO Account. It’s public general information that once a bank account closes, it can no longer accept remittances or transfer funds.
What can I do if my BDO Account closes?
If the account closes, you should not worry because this does not mean you cannot be with BDO anymore. Of course, you can open a new bank account with a different BDO Account Number. Furthermore, you need to bring the required documents for you to successfully open a new savings or passbook account.
My saving account has already close due to not maintaining the required minimum balance of the atm card. If I going to renew it, Is there any charges in reopening?