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Dollar Bank Account Advice

13 May 2005 No Comment

My bank of choice (the others aren’t as good):
Banco de Oro Universal Bank (BDO Unibank)
Initial and maintaining deposit: $100 only (other banks require $200 or $500)
How long before you can withdraw the amount reflected on your check? 60 days
Fees for check deposits: none (other banks charge $15 or so)
You can easily get a dollar account even if you are a student. Just give them a photocopy of your school ID and schedule of subjects. Two ID pictures are also required.

Here’s a sample of a Google check.

The Sassy Lawyer’s take on dollar bank accounts.
Are banks stealing from us?
Update on banks
Bank notes

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