Chinabank increases ATM withdrawal limit to P50,000

China Banking Corp. is increasing the automated teller machine (ATM) daily withdrawal limit in an effort to give customers easier access to cash during the enhanced community quarantine.

Chinabank increased the ATM withdrawal limit to P50,000 from P20,000.

“Starting April 1, 2020, until the ECQ is lifted, China Bank ATM cardholders can withdraw up to P50,000 per day from any ATM,” the bank said.

“There is no withdrawal fee for any of the 1,013 ATMs of China Bank and  China Bank Savings, but standard fees apply when other banks' ATMs are used,” it said.

Chinabank also encouraged customers to bank from home as much as possible, assuring them that its digital banking channels are available.

Select Chinabank branches in Metro Manila and the rest of Luzon are open for deposit and withdrawal transactions from 9 a.m. to 2 p.m.

“All branches in Visayas and Mindanao are open but likewise observe the same shortened banking hour,” the bank said. — Ted Cordero/RSJ, GMA News