A savings account is one of the essential bank features available to all. Through this, people can store their money in a bank and later use it to pay for their bills, buy products online, make investments, and the like. However, it’s common for banks to impose a daily ATM withdrawal limit. Hence, there may also be withdrawal limits that apply per transaction.
While ATM withdrawal limits seem to bother, they serve a vital purpose in keeping our money safe. Setting a limit on the amount of money that can be withdrawn at an ATM helps the bank control the movement of available cash. More so, another reason has to do with security and protecting customer accounts, in case someone stole their debit card and PIN. Without an ATM withdrawal limit, they might be able to empty our account and get all our money. So to guide you, here are the withdrawal limits of the banks and e-wallets in the Philippines.
| BANKS/E-WALLETS IN THE PHILIPPINES | MAXIMUM ATM WITHDRAWAL LIMITS |
|---|---|
| ASIA UNITED BANK CORPORTATION (AUB) | PHP 50,000/day |
| BANCO DE ORO (BDO) | • PHP 50,000 • PHP 25,000 - Single cash withdrawal at BDO ATMs • PHP 10,000 - Single cash withdrawal at other ATMs |
| BANK OF THE PHILIPPINE ISLANDS (BPI) | • BPI Debit Mastercard (for Preferred and Private Banking Clients) - PHP 50,000/day • BPI Debit EMV Cirrus Gold - PHP 50,000/day • BPI Debit EMV Cirrus Red - PHP 20,000/day |
| CHINA BANKING CORPORATION (CHINA BANK) | • NOW or Emergency Cash - PHP 20,000/day • JUMP/Pay to Mobile - PHP 50,000/day |
| CIMB | PHP 50,000/day |
| DEVELOPMENT BANK OF THE PHILIPPINES (DBP) | • PHP 20,000 - Single cash withdrawal • PHP 20,000 - Daily cash withdrawal |
| EAST WEST BANKING CORPORATION (EASTWEST BANK) | • PHP 20,000 - Single cash withdrawal • PHP 50,000 - Daily cash withdrawal |
| ING PHILIPPINES | PHP 250,000/day |
| GCASH | • Basic - No limit • Fully verified - PHP 100,000/day • GCash Plus - PHP 100,000/day • Enterprise - PHP 100,000/day |
| LANDBANK OF THE PHILIPPINES (LANDBANK) | PHP 50,000/day |
| MAYBANK PHILIPPINES INC (MAYBANK) | • PHP 20,000 - Single cash withdrawal • PHP 50,000 - Daily cash withdrawal |
| METROPOLITAN BANK AND TRUST COMPANY (METROBANK) | • PHP 10,000 - Single cash withdrawal • PHP 50,000 - Daily cash withdrawal |
| PAYMAYA | • Upgraded account - PHP 50,000 daily, 10x a day • Super Users account - PHP 50,000 daily, unli transactions |
| PHILIPPINE BANK OF COMMUNICATIONS (PBCOM) | PHP 50,000/day |
| PHILIPPINE NATIONAL BANK | • PHP 20,000 or PHP 50,000 (Upon specification of the cardholder) • PNB Priority One Checking Account - PHP 100,000 |
| PHILIPPINE TRUST COMPANY (PHILTRUST BANK) | • PHP 10,000 - Single cash withdrawal • PHP 20,000 - Daily cash withdrawal |
| PHILIPPINE SAVINGS BANK (PSBANK) | PHP 30,000/day |
| RIZAL COMMERCIAL BANKING CORPORATION (RCBC) | • PHP 20,000 - Single cash withdrawal • PHP 50,000 - Daily cash withdrawal |
| ROBINSONS BANK CORPORATION (ROBINSONS BANK) | • PHP 15,000 - Single cash withdrawal • PHP 50,000 - Daily cash withdrawal |
| UNITED COCONUT PLANTERS BANK (UCPB) | PHP 20,000/day |
| UNION BANK OF THE PHILIPPINES (UNIONBANK) | PHP 20,000/day |
| SECURITY BANK CORPORATION (SECURITY BANK) | • PHP 10,000 - Single cash withdrawal • PHP 50,000 - Daily cash withdrawal |
| TONIK DIGITAL BANK (TONIK) | Mastercard ATMs (local) - Up to 50,000/day |
Keep in mind that the above ATM withdrawal limits apply to savings accounts of these banks.
Most of the banks impose PHP 20,000 single cash withdrawal and PHP 50,000 daily cash withdrawal. However, in the list, ING Philippines 33 has the highest withdrawal limit of PHP 250,000.
So there you have it. All information above are found on their official websites. Take note, though, that banks might not have updated yet these information on their portals. In case we missed anything, please do let us know in the comments.
you can increase your BPI withdrawal limit online or through the app to 70-90k I think