BPI to charge over-the-counter withdrawals, inter-regional deposits by Sept. 1

Bank of the Philippine Islands (BPI) is imposing P50 to P100 in fees for over-the-counter withdrawals and inter-region deposits starting September.

In an advisory, Ayala-led BPI said it will start collecting a P50 fee for inter-region branch deposits by Sept. 1, 2018.

An inter-region deposit happens when a client deposits funds into an account which is registered in a branch located in another region.

Same branch and intra-region or same region cash deposits will remain free.

In the same advisory, BPI said all ATM accounts will be charged P100 for over-the-counter withdrawals, regardless of the amount.

For depositors with passbook accounts, only inter-region over-the-counter withdrawals will be charged P100, while same branch and intra-region deposits will remain free.

Clients encashing checks outside the issuing branch will be charged P100 per check, while encashments within the home branch are free of charge.

Clients depositing foreign currencies in cash will also be charged P0.10 per $1 equivalent, or a fraction thereof.

In terms of the checkbooks, BPI said it will charge P250 for personal checkbooks, and P500 for corporate checkbooks.

BPI is also charging the following fees: P75 for manager’s check, P550 for demand draft, P200 for bank certification, P50 per page of Statement of Account (SOA), and P2,000 to P6,000 annual fees for a Safety Deposit Box (SDB) rental depending on the box size.

GMA News Online has reached out to BPI for more information regarding the matter. No further details are immediately available. —Jon Viktor Cabuenas/VDS, GMA News