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
|Cash Deposit – through the branch||FREE|
|Branch of Account Metro Manila||FREE|
|Inter-Region||P50 per deposit|
|Cash Withdrawal – through any branch
|Withdrawal amount is below ATM limit||P100 per withdrawal|
|Withdrawal amount is above ATM limit||P100 per withdrawal|
|Branch of Account||FREE|
|Inter-Region||P100 per withdrawal|
|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|
|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
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