BPI to start charging for over-the-counter withdrawals, inter-regional deposits

MANILA, Philippines (UPDATED) – The Bank of the Philippine Islands (BPI) announced on Monday, July 2, that it would begin charging its clients for over-the-counter withdrawals and inter-regional deposits on September 1.

This will apply to both BPI and BPI Family Savings Bank.

Below are fees for specific transactions.

Cash deposits made over the counter

Cash withdrawals made over the counter through any branch

Accounts with ATM card - P100 per withdrawal

Accounts with a passbook: 

Check encashment

Foreign currency cash deposits


Manager's check - P75
Demand draft - P550
Bank certification - P200
Statement of account (SOA) printing - P50 per page
Safety deposit box (SDB) rental - P2,000 to P6,000 per year, which varies depending on box size

BPI has since announced it is postponing the implementation of having branch transaction fees for peso cash deposits and withdrawals to January 2019.

BPI has set up a frequently asked questions (FAQ) page here. – Rappler.com