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 – Php50USD 0.85INR 72EUR 0.81CNY 6 per deposit

Cash Withdrawal – through any branch ATM Account

Withdrawal amount below/above ATM limit – Php100USD 2INR 144EUR 2CNY 12 per withdrawal

Passbook Account cash Withdrawal

Branch of Account – Free
Metro Manila – Free
Intra-Region – Free
Inter-Region – Php100USD 2INR 144EUR 2CNY 12 per withdrawal

Check Encashment

Branch of Account – Free
Metro Manila – Php100USD 2INR 144EUR 2CNY 12 per check
Intra-Region – Php100USD 2INR 144EUR 2CNY 12 per check
Inter-Region – Php100USD 2INR 144EUR 2CNY 12 per check

Foreign Currency Cash Deposit

USD – P0.10 per USD1PHP 59INR 85EUR 0.95CNY 7 or a fraction thereof
Third Currency – P0.10 per USD1PHP 59INR 85EUR 0.95CNY 7 equivalent or a fraction thereof

Checkbook

Personal – Php250USD 4INR 361EUR 4CNY 31
Corporate – Php500USD 9INR 722EUR 8CNY 62

Manager’s Check – Php75USD 1INR 108EUR 1CNY 9

Demand Draft – Php550USD 9INR 795EUR 9CNY 68

Bank Certification – Php200USD 3INR 289EUR 3CNY 25

Statement of Account Printing -Php50 per page

Safety Deposit Box rental – Php2,000USD 34INR 2,889EUR 32CNY 248-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

Vaughn Chua

Vaughn is your go-to person when it comes to comparing gadgets especially smartphones. He's also a gamer by heart and the "Hackerman" of the team.

7 Comments

Djak says:

6 years ago

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.
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J says:

6 years ago

does the foreign currency cash deposit cover deposits to your dollar account?
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JEREMY M AYAAY says:

6 years ago

the fuck with bpi, parang same nasa bdo
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Wilson Cortes says:

6 years ago

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

6 years ago

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.
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elwin says:

6 years ago

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

6 years ago

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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