#bdo app

If you've recently switched to the latest BDO Online app, you will have noticed a prompt asking you to agree to their updated Terms and Conditions before proceeding to use the app. This section requires BDO users to waive their Bank Secrecy Rights together with the Foreign Currency Deposit Act of the Philippines. Here's the full text of that section: We're highlighting specific concerns in Section 14.b: 1) BDO can disclose or share information about your account to the government and other agencies. 2) BDO can share your information with telcos (Globe, Smart, DITO). 3) BDO can share your data with other banks, financial institutions, loyalty program partners, etc. Take note that by default, your bank (in this case, BDO) is legally bound to keep the confidentiality of your information (except in some instances). However, the BDO app requires you to waive all these "data privacy" rights whenever you use their online banking services so take note the next time you open your BDO app. Updated (November 22, 6:20pm): BDO reps reached out to us and gave the following statement. Read more in our articles including "BDO app requires you to waive Bank Secrecy Rights" and "BDO's brand new Mobile Banking App is still wonky".