The Bangko Sentral ng Pilipinas (BSP) has issued a new regulation capping daily over-the-counter cash withdrawals at Php 500,000 per depositor, aiming to curb money laundering, terrorism financing, and proliferation financing risks in the Philippine banking system. Cash withdrawals above the cap are only permitted if the depositor submits proof of legitimate business necessity and the bank conducts enhanced due diligence (EDD). Read more in our articles including "BPI now lets you withdraw cash for free at Robinsons stores" and "BSP limits cash withdrawals to Php500,000 per depositor".
BPI has expanded its Partner Store Services with Robinsons Retail Holdings Inc. (RRHI), allowing customers…
Nov 11, 2025
The Bangko Sentral ng Pilipinas (BSP) has issued a new regulation capping daily over-the-counter cash…
Sep 20, 2025
GCash, Globe’s own micropayment service, gives its reloadable prepaid card a needed upgrade. Their magnetic…
Dec 8, 2016Globe has started sending notifications to GCash users that starting March 15 this year, they…
Feb 14, 2016
GoTyme Bank has launched a new stock trading feature in its mobile app, allowing users…
Apr 15, 2026
GoTyme Bank has partnered with Visa for the FIFA World Cup 2026, bringing exclusive promos…
Mar 18, 2026The Bangko Sentral ng Pilipinas (BSP) has issued a new regulation capping daily over-the-counter cash withdrawals at Php 500,000 per depositor, aiming to curb money laundering, terrorism financing, and proliferation financing risks in the Philippine banking system. Cash withdrawals above the cap are only permitted if the depositor submits proof of legitimate business necessity and the bank conducts enhanced due diligence (EDD).
Our coverage of grocery cash withdrawal includes: "BPI now lets you withdraw cash for free at Robinsons stores"; "BSP limits cash withdrawals to Php500,000 per depositor"; "GCash introduces its new MasterCard with EMV". Each article provides unique insights and information.
Our article "BSP limits cash withdrawals to Php500,000 per depositor" published on September 20, 2025 covers the latest information about grocery cash withdrawal. Check it out for the most current details.