As of 2020, there are more than 5.1 million ATMs in operation around the world. With the use of a debit or ATM card, account holders can easily withdraw money, check their account balance, and transfer money.
Techically, your own bank is charging you for every transaction you make with another bank’s automated teller machine (ATM) whether on your withdrawal or simply having your balance inquiry.
Note that ATM fees vary from bank to bank. You pay more when you withdraw or check your balance using a different bank’s ATM.
Listed below is the fees that dictate how much your bank charges you for every bank transaction you make.
ATM Balance Inquiry Fees: When Using a Different ATM
Having your balance inquiry on your own bank’s ATMs is free of charge. However, there’s a minimal charge from ₱1 to ₱2 when you do it at other banks’ ATMs.
BPI: ₱1.50
China Bank: ₱2
Eastwest Bank: ₱1
HSBC: Free
Landbank: ₱1
Maybank: ₱2
Metrobank: ₱2
PNB: ₱2
PSBank: ₱1
RCBC: ₱0 to ₱2
Security Bank: ₱2
UCPB: ₱2
UnionBank: ₱2
ATM Withdrawal Fees: When Using a Different ATM
Withdrawal at your own bank's ATMs is free of charge, however, withdrawal fees from other banks can be costly, especially if you withdraw several times in a day.
BPI : ₱18
China Bank: ₱16
Eastwest Bank: ₱15
HSBC: Free
Landbank: ₱10
Maybank: ₱16
Metrobank: ₱18
PNB: ₱15
PSBank: ₱10
RCBC: ₱18
Security Bank: ₱15
UCPB: ₱12
UnionBank: ₱12
Intrabank Transfer Fees: Same Bank
Intrabank transfer is transferring money to someone else who has an account with the same bank. Most banks continue to provide this service without charge.
BPI : ₱10
China Bank: Free
Eastwest Bank: ₱25
HSBC: Free
Landbank: ₱10
Maybank: Free
Metrobank: Free
PNB: Free
PSBank: Free
RCBC: Free
Security Bank: ₱25
UCPB: ₱25
UnionBank: Free
Interbank Transfer Fees: Different Banks
Interbank transfer, on the other hand, is when you transfer money from one bank to another. Most banks charge P25 for this.
BPI: ₱25
China Bank: ₱25
Eastwest Bank: ₱25
HSBC: ₱25
Landbank: ₱25
Maybank: ₱25
Metrobank : ₱25
PNB: ₱25
PS Bank: ₱25
RCBC: ₱27.50
Security Bank: ₱25
UCPB: ₱25
UnionBank: ₱25
Below Maintaining Balance Charges
Note that accounts that have not maintained the required Monthly Average Daily Balance (MADB) for at least two consecutive months will be imposed Below Maintaining Balance Fees. The banks with the highest monthly penalty fees are HSBC and UnionBank.
BPI: ₱300
China Bank: ₱300
Eastwest Bank: ₱500
HSBC: ₱1,000
Landbank: ₱200
Maybank: ₱500
Metrobank : ₱300
PNB: ₱350
PSBank: ₱500
RCBC: ₱500
Security Bank: ₱300
UCPB: ₱500
UnionBank: ₱1,000
Dormancy Fees
₱30 per month
Dormant Account: Inactive accounts and with no deposits or withdrawals done for five years, or if the account balance is below Monthly Average Daily Balance (MADB).
ATM Withdrawal Limit in the Philippines
Meanwhile, here is a list of the maximum ATM withdrawals allowed by some of the main Philippine banks.
BPI: ₱100,000
China Bank: ₱50,000
Eastwest Bank: ₱50,000
HSBC: ₱100,000
Landbank: ₱50,000
Maybank: ₱50,000
Metrobank: ₱50,000
PNB: ₱50,000
PSBank: ₱30,000
RCBC: ₱50,000
Security Bank: ₱50,000
UCPB: ₱20,000
UnionBank: ₱20,000
ATM fees may appear cheap in the Philippines, but frequent interbank transactions can eventually drain your savings. When checking your account balance and making withdrawals, it's better to use your own bank's ATMs as it can help you save money and is safer.
And that's it! Now that you know the following fees, use them as a guide for you to avoid charges and other fees that might be incurred in your account.
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