[quote font=”georgia” font_size=”16″]BPI new charges on deposits and withdrawals announced.[/quote]
(Update, July 5) BPI postpones the implementation of the new transaction fees for deposits and withdrawals to January 2019.
The Bank of the Philippine Islands (BPI) announces its new and updated fees for respective bank transactions and services.
In an advisory issued on Monday, July 2, the Ayala-owned bank will start charging over-the-counter withdrawals and inter-regional deposits effective September 1, 2018. Before this announcement, clients enjoy these transactions free of charge.
Inter-region deposits are now charged P50.00. Over-the-counter withdrawals are charged P100.00 per transaction for accounts with ATM, while it remains free for accounts with passbook except for inter-regional deposits, which is charged P100.00 per transaction.
Below are the updated BPI new charges on deposits and withdrawals:
Advisory on Bank Fees (BPI)
Updated fees for select transactions effective September 1, 2018.
| Transactions/Services | Fee |
Cash Deposit – over the counter through the branch
| |
| FREE | |
| FREE | |
| FREE | |
| P50 per deposit | |
| Cash Withdrawal – over the counter through any branch Account with ATM Card
| |
| P100 per withdrawal | |
| FREE | |
| FREE | |
| FREE | |
| P100 per withdrawal | |
Check Encashment
| |
| FREE | |
| P100 per check | |
| P100 per check | |
| P100 per check | |
Foreign Currency Cash Deposit
| |
| P0.10 per US $1 or a fraction thereof | |
| P0.10 per US $1 equivalent or a fraction thereof | |
| Checkbook | |
| P250 |
| 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 |
1. Any branch other than the Branch of Account, within the same Region, e.g. NCR to NCR, etc.
2. Any branch other than the Branch of Account, within another Region, e.g. NCR to Region I, etc.
3. Third Currency – Non-USD currencies such as AUD, CAD, CHF, EUR, GBP, HKD, JPY and SGD
Source: BPI
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