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BDO to charge Php10 to send to any BDO accounts

BDO has sent out a notification alert earlier this month to all its banking subscribers that they will start collecting “transfer fees” on BDO to BDO transactions. Currently, the transfers are free of charge but BDO is shifting to the Php10 per transfer starting March 15, 2017 and also increasing the daily limits to Php50,000.

We are pleased to announce that effective March 15, 2017, BDO Online and Mobile Banking customers will enjoy higher limits for Send Money to Any BDO Account and Send Money to a Paycode transactions. The new daily limit will be increased to Php 50,000.00.

Starting March 15, 2017, a fee of Php10.00 will be charged on all Send Money to Any BDO Account and Send Money to a Paycode transactions. You may still enjoy these transactions free of charge until March 14, 2017.

It’s usually an inherent benefit for customers to maintain and transact with the same bank as transactions are free of charges (intra-bank) compared to other banks (inter-bank). This is no longer the case with BDO. This could significantly affect people who regularly send out remittances to multiple accounts.

(UPDATE as of 1/31/2017, 6:13PM): BDO has issued this advisory on Facebook: “Fund transfer to enrolled BDO accounts will remain free of charge.The new transaction fee shall only apply to Send Money to Any BDO Account and Send Money to a Paycode transactions. You may continue to enjoy free of charge fund transfer transactions by enrolling the destination account in your Online Banking account.”

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

59 Responses

  1. Avatar for Maricar Baslot Maricar Baslot says:

    Hi Ma’am/ Sir. I’d like to ask if there are charges for cash deposit? I am currently enrolled at Velez Branch, while deposit will be done in Bulua branch. Will there be charge?

  2. Avatar for bananaman bananaman says:

    For all these reasons I stopped using my BDO account. Mr Sy should be put in court for usury and greed. Typical chinese businessman………a fortune is never enough they always want more until the pinoys bleed. You should all vote with your feet and choose a better (cheaper) option.

  3. Avatar for monica monica says:

    nag deposit ako last Friday lng ,my charge namna cya 50 php .. enrolled bdo account naman cya

  4. Avatar for roann roann says:

    can anyone help me clarify? How much fee for the following transactions?
    Transfer to Enrolled bdo acct = free
    Transfer to unenrolled bdo acct= is it free?
    Send money to other bank acct like bpi= ?
    thank u..

  5. Avatar for BDOSucksPhp BDOSucksPhp says:

    As what Ray said, I had an experience where if your BDO account is from Manila and your going to deposit in BDO Cebu, you’ll be charged with Php50 service fee. They do find ways to charge you!

  6. Avatar for Rye Rye says:

    It will definitely backfire, Whoever ideas was this, Its not a good one. Avoid BDO for now.

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