Sign in to follow this  
Followers 0
Jigoy

BPI has lost its edge!

1 post in this topic

The Bank of the Philippine Islands (BPI) will start to charge clients for over-the-counter withdrawals and inter-regional deposits to align with industry practice.

bpi-logo-720px-yugatech.jpg
Under the new scheme, BPI and BPI Family Savings Bank clients will now be charged Php100 for over-the-counter withdrawal transactions made from ATM accounts and inter-regional Passbook accounts. The new advisory also charges a Php50 fee for inter-regional deposits.
 
BPI defines inter-regional as transacting from a bank situated in a region different from your home branch. For example, you will be charged Php50 for depositing to your account based in Makati (NCR) from San Mateo, Rizal (Region 4-A).
 
The following are the transactions/services with their corresponding fees:

Cash Deposit – through the branch

  • Branch of account – Free
  • Metro Manila – Free
  • Intra-Region – Free
  • Inter-Region – Php50 per deposit

Cash Withdrawal – through any branch ATM Account

  • Withdrawal amount below/above ATM limit – Php100 per withdrawal

Passbook Account cash Withdrawal

  • Branch of Account – Free
  • Metro Manila – Free
  • Intra-Region – Free
  • Inter-Region – Php100 per withdrawal

Check Encashment

  • Branch of Account – Free
  • Metro Manila – Php100 per check
  • Intra-Region – Php100 per check
  • Inter-Region – Php100 per check

Foreign Currency Cash Deposit

  • USD – P0.10 per USD1 or a fraction thereof
  • Third Currency – P0.10 per USD1 equivalent or a fraction thereof

Checkbook

  • Personal – Php250
  • Corporate – Php500

Manager’s Check – Php75

Demand Draft – Php550

Bank Certification – Php200

Statement of Account Printing -Php50 per page

Safety Deposit Box rental – Php2,000-Php6,000 per year (varies on box size)

Transactions made on your home branch or any branch in the region where it is located (intra-region) will still be free of charge. These updates to BPI’s fees take effect on September 1, 2018. For more info, visit

https://www.bpiexpressonline.com/cms/page/18053/advisory-on-bank-fees-bpi

Source: BPI


Read more at

https://www.yugatech.com/news/bpi-to-start-charging-for-over-the-counter-withdrawals-inter-regional-deposits/#WH8liPztRjvzhDyd.99

 

Edited by Miggy
Live links coded. Live links not allowed

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0