#Bank Fees

Having a bank account could be a great tool to help us manage our personal finances! However, Bangko Sentral ng Pilipinas (BSP) does not put a ceiling on the amount of fees or charges that banks collect from their depositors. As mediators of funds, banks play a vital role in economic growth, as well as work as businesses for profit. Henceforth, banks are given the autonomy to impose certain charges. Nevertheless, these banks also have the responsibility to keep their clients informed of those bank charges to be wary of their banking transactions decisions. Thus, we've got you some tips on how to save on bank fees and charges. Be mindful of service fees Understanding fees and service charges on banks are essential steps towards a well-managed banking experience. With that said, we must also be mindful of those service fees. Read more in our articles including "How to save on bank fees and charges" and "Banks, e-wallets face new BSP rules on digital payment fees".