BDO BSP

Banco de Oro (BDO) is providing its customers additional reprieve by extending the adjustment date of the new credit card interest rate of 3% to March 12, 2023. The 3% interest rate is slated for effectivity on February 10, 2023, as provided by the Bangko Sentral ng Pilipinas (BSP) Circular 1165, series of 2023. BDO customers will have more than a month before having to adjust the new rate. Then in 2020, amid the pandemic, the BSP issued Circular No. With the nearing effectivity of the new 3% rate and the additional month afforded by BDO to its customers, BDO is encouraging its patrons to convert their transactions or outstanding balances via its low-interest-rate installment offers. You can visit the BDO website or call the BDO Contact Center at (02) 8631-8000 for more details. After completing its investigations on the digital fraud incident involving a certain "Mark Nagoyo" last December, the Bangko Central ng Pilipinas (BSP) announced the decision of the Monetary Board to sanction BDO Unibank, Inc. To recall, unauthorized access to a number of BDO accounts reportedly came from a compromised web service, accompanied by fund transfers mostly made through UnionBank accounts. Read more in our articles including "BDO extends credit card interest rate adjustment to March 12" and "BSP sanctions BDO, UnionBank over unauthorized access of accounts".