The T&C looks like this and seems like an innocent fine print until you scroll down to the Data Privacy and Bank Secrecy section. This section requires BDO users to waive their Bank Secrecy Rights together with the Foreign Currency Deposit Act of the Philippines. The Bank Secrecy Law and the Foreign Currency Deposit Act of the Philippines prohibit them from disclosing private data without due cause or legal process. Statement from BDO: The Data Privacy/Bank Secrecy section of the updated BDO Online app’s Terms & Conditions (T&C) is a common provision used by many local banks. Read more in our articles including "BDO app requires you to waive Bank Secrecy Rights" and "Pasig Mega Market gets Starlink internet for cashless payments".
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Jun 7, 2026The T&C looks like this and seems like an innocent fine print until you scroll down to the Data Privacy and Bank Secrecy section. This section requires BDO users to waive their Bank Secrecy Rights together with the Foreign Currency Deposit Act of the Philippines.
The Bank Secrecy Law and the Foreign Currency Deposit Act of the Philippines prohibit them from disclosing private data without due cause or legal process. Statement from BDO: The Data Privacy/Bank Secrecy section of the updated BDO Online app’s Terms & Conditions (T&C) is a common provision used by many local banks.
Our coverage of bank secrecy law includes: "BDO app requires you to waive Bank Secrecy Rights"; "Pasig Mega Market gets Starlink internet for cashless payments"; "BSP warns of accountability after BPI outage". Each article provides unique insights and information.