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BPI to start charging P100 on over-the-counter Withdrawal, P50 on Inter-Regional Deposits

Last updated on July 12th, 2018 at 04:48 am

If you are a BPI client, you should know that your bank is implementing a new set of charges.


As posted on their website on June 29, the Bank of Philippine Islands (BPI) will implement new bank charges effective September 1, 2018.

Charges will apply on over-the-counter withdrawals for ATM accounts and on Inter-Regional deposits transactions.

NEW BPI Bank Charges

Transactions/Services Fee
Cash Deposit – through the branch FREE
Branch of Account Metro Manila FREE
Intra-Region FREE
Inter-Region P50 per deposit
Cash Withdrawal – through any branch
ATM Account
Withdrawal amount is below ATM limit P100 per withdrawal
Withdrawal amount is above ATM limit P100 per withdrawal
Passbook Account
Branch of Account FREE
Metro Manila FREE
Intra-Region FREE
Inter-Region P100 per withdrawal
Check Encashment
Branch of Account FREE
Metro Manila P100 per check
Intra-Region P100 per check
Inter-Region P100 per check
Foreign Currency Cash Deposit
USD P0.10 per US $1 or a fraction thereof
Third Currency P0.10 per US $1 equivalent or a fraction thereof
Checkbook
Personal P250
Corporate P500
Manager’s Check P75
Demand Draft P550
Bank Certification P200
Statement of Account (SOA) Printing P50 per page
Safety Deposit Box (SDB) Rental
Varies based on box size P2,000 – P6,000 per year

Intra-Region and Inter-Region Definition

Intra-Region means any branch other than the Branch of Account, within the same Region, e.g. NCR to NCR, etc..


Inter-Region means any branch other than the Branch of Account, within another Region, e.g. NCR to Region I, etc.


Update: BPI Postpones New Rates to January 2019

Just in.

BPI has postponed the implementation of the new rates concerning the deposit and withdrawal transactions to January 2019.

Here’s the official statement sent by BPI to Tech Patrol.

MEDIA STATEMENT | July 4, 2018

We understand our clients’ concern on our Bank Anywhere facility, in light of our decision to update fees for certain over-the-counter Peso cash deposit and withdrawal transactions effective September 1, 2018.

We have decided to postpone the implementation of the branch transaction fees for Peso cash deposits and withdrawals to January 2019. This will give our clients enough time to be more familiar with our other existing Bank Anywhere facilities via our online and electronic channels.

Rest assured that we are committed to a long-term digitalization journey that will enable us to provide a more convenient and efficient banking experience for clients and greater financial access for every Filipino.

Our online banking website and mobile app allow our clients to perform transactions such as funds transfer and bills payment with added security and greater convenience.

Furthermore, we are expanding our ATM network coverage to 2,600 by year end, allowing clients to withdraw, pay bills, and transfer funds, among others. Our over 750 cash deposit machines now allow cardless deposits and accept new peso notes.

Fees for transactions other than Peso deposits and withdrawals will take effect on September 1, 2018, as previously announced.

For the updated advisory about our new fee schedule, please visit www.bpiexpressonline.com.

MARIA ANA LUNA
Head, Customer Experience Management Office

 

 

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