Several banks are set to charge higher interbank ATM transaction fees on Wednesday April 07, 2021, as a new rule approved by the Bangko Sentral ng Pilipinas (BSP) takes effect.
Interbank ATM withdrawal fees can go as high as P18 per transaction, while P2 can be charged per balance inquiry as banks move to the “acquirer-based ATM fee charging” mandated by BSP.
Cardholders who will transact with ATMs owned by their card’s bank shall remain free of charge and those who will transact with other local banks’ ATMs shall incur varying fees, depending on the respective banks.
Banks that will adopt the new interbank ATM transaction fees includes BDO, BPI, Metrobank, RCBC, Unionbank, Chinabank, DBP, PNB, Security Bank, and EastWest bank.
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