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BPI to start charging for over-the-counter withdrawals, inter-regional deposits




The Bank of the Philippine Islands (BPI) will start to charge clients for over-the-counter withdrawals and inter-regional deposits to align with industry practice.

Under the new scheme, BPI and BPI Family Savings Bank clients will now be charged Php100 for over-the-counter withdrawal transactions made from ATM accounts and inter-regional Passbook accounts. The new advisory also charges a Php50 fee for inter-regional deposits.
BPI defines inter-regional as transacting from a bank situated in a region different from your home branch. For example, you will be charged Php50 for depositing to your account based in Makati (NCR) from San Mateo, Rizal (Region 4-A).
The following are the transactions/services with their corresponding fees:

Cash Deposit – through the branch

  • Branch of account – Free
  • Metro Manila – Free
  • Intra-Region – Free
  • Inter-Region – Php50 per deposit

Cash Withdrawal – through any branch ATM Account

  • Withdrawal amount below/above ATM limit – Php100 per withdrawal

Passbook Account cash Withdrawal

  • Branch of Account – Free
  • Metro Manila – Free
  • Intra-Region – Free
  • Inter-Region – Php100 per withdrawal

Check Encashment

  • Branch of Account – Free
  • Metro Manila – Php100 per check
  • Intra-Region – Php100 per check
  • Inter-Region – Php100 per check

Foreign Currency Cash Deposit

  • USD – P0.10 per USD1 or a fraction thereof
  • Third Currency – P0.10 per USD1 equivalent or a fraction thereof

Checkbook

  • Personal – Php250
  • Corporate – Php500

Manager’s Check – Php75

Demand Draft – Php550

Bank Certification – Php200

Statement of Account Printing -Php50 per page

Safety Deposit Box rental – Php2,000-Php6,000 per year (varies on box size)

Transactions made on your home branch or any branch in the region where it is located (intra-region) will still be free of charge. These updates to BPI’s fees take effect on September 1, 2018. For more info, visit BPI’s advisory here.

Note: OTC fees are waived if ATMs are down.

Source: BPI



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7 Responses

  1. Djak says:

    Wow paurong ang banking technology natin. Imbes na tumulong sa mga tao, kaltas sa bawat galaw ang gagawin. Parang govt na din, lahat ng paraan ay gagawin just to milk more money from the people.

  2. J says:

    does the foreign currency cash deposit cover deposits to your dollar account?

  3. JEREMY M AYAAY says:

    the fuck with bpi, parang same nasa bdo

  4. Wilson Cortes says:

    As if they don’t make enough money. These banks are not losing money, they should not be charging depositors for these services.

  5. Bien says:

    they monopolized the banking system, the banker owners agreed that no is one (bank) exempted in the new banking system fees upang ang mga account holders di na maglipatan sa ibang banko kaya walang na tayong choice pati atm withdrawal 20 pesos charge per withdrawal, di close ko nalng account ko, save nlg sa ibamg paraan kasi ito bank nato parating nag ooffline sa sa cebu lalo na sa downtown area, business pa more, wla nang mura ngayon sa duterte admin.

  6. elwin says:

    This country is so amazing with all kind of taxes and fees, yet the country is poor.

  7. BPI_bwisit says:

    How about penalizing BPI for every tech fail, to align with customer experience? The mayhem you caused last April of 2019 is unacceptable!

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