BPI Rates & Fees for Credit Card, Savings, Checking

If you are a BPI (Bank of the Philippine Island) Bank account holder, regardless if you just opened a new account or have been with them for quite a while, this article will definitely help you out. Not all are aware with the local banks’ processes and fees and this is what we’ll show you here.

BPI charges fees more often for interbank network charges (for non-account holders), when non-BPI users use BPI ATM machines and surcharges, which is imposed by the bank for maintenance of the bank and other reasons that will be mentioned in this article.

When opening any bank account, there is always a minimum Average Daily Balance. BPI’s Average Daily Balance should be maintained for at least 2 months, if there is any chance that you do not meet the minimum balance on your account, you are then subjected to what is called Monthly Service Charge that will be deducted with your current balance, so it’s always best to MAINTAIN your minimum to avoid compromising your bank account. On top of this, if your account is dormant, meaning there has been no transactions in your account for 1-2 years, you will be charged with Dormancy Charge.

ATM Transaction charges are only applicable for non-BPI account holders or ATM charge overseas.

Another is the Fee per excess withdrawal which is only applicable for ATMs and over-the-counter transactions.

There are surcharges applied for those transactions that are not applicable for a certain bank account type, such as Over-the-Counter Withdrawal for ATM-based Accounts, these is applicable if account holder decides to withdraw over-the-counter, when the ATM machine is off-line or if they have exceeded their daily limit.

For checks, there is the Stop Payment Order, for those folks who wants to stop a check for being transacted. These surcharges often are transaction fees. There are other fees such as the Auxiliary fees that are charged because of transactions beyond BPI’s standard transactions that are free of charge.

ATM Card replacement fee, which is a standard 100php, is charged since a new ATM card is requested by the account holder regardless of reason. This goes the same with lost passbook, request for Bank Certification, Statements.

For a request of additional Checkbook, BPI also charges the account holder and additional fee, especially if it is by the request of the account holder.

You can also rent a safety deposit box in BPI and fee depends on the size you prefer.

Another usual fee from BPI is the Remittance fees, since remittance is from overseas, the bank has to go through a system in order to transfer money from one country to Philippines and acts as intermediary bank, which requires BPI to charge a Service Charge Commission.

Wire transfer transactions are also charged, however there is an option that the beneficiary or receiver can shoulder these fees.

Here is a table for your reference where you’ll see the different service fee charges, surcharges of BPI, depending on what kind of bank account, transaction you may have:

Account Maintenance and Transaction Fees

Particulars Service Charge
Cash Deposit (Over-the-counter through the branch)*
Branch of Account Free
Intra-Region** Free
Inter-Region*** Below Php 50K
Php 50K to Php 499K
Php 500K to Php 999K
Php 1M and above
#SaveUp Account (Digital Savings Account) Below Php 50K
Php 50K to Php 499K
Php 500K to Php 999K
Php 1M and above
Cash Deposit via Cash Acceptance Machine (CAM) Free
Over-the-Counter Check Deposit Free
Over-the-Counter Cash Withdrawal from a Passbook Account* Free
Check Encashment
Branch of Account Free
Intra-Region** Php 100.00 per encashment
Inter-Region*** Php 100.00 per encashment
Maximum Number of ATM Withdrawals per Day 6
Over-the-Counter Peso Cash Withdrawal from ATM/Debit Card-based Account*
Within ATM Withdrawal Limit Php 100.00
Beyond ATM Withdrawal Limit Free for a limited period
Monthly Service Charge for Falling Below the Required ADB****
Maxi-One with Passbook Php 500
Other Peso Deposit Accounts Php 300
Dollar Savings Accounts USD 5
Third Currency Passbook Savings Accounts AUD 8
CAD 7
CHF 7
EUR 4.50
GBP 3.50
JPY 600
CNY 35
Monthly Dormancy Charge*****
Peso Deposit Accounts Php 30
Dollar Deposit Accounts USD 0.60
Third Currency Passbook Savings Accounts AUD 0.80
CAD 0.70
CHF 0.60
EUR 0.55
GBP 0.50
JPY 68
CNY 4
Fee for Closing within 1 Month from Date of Opening
Peso Deposit Accounts Php 500
Dollar Deposit Accounts USD 15
Third Currency Passbook Savings Accounts USD 15 equivalent
Service Charge per Excess Withdrawal
Jumpstart Account (4 free withdrawals per month)****** Php 10
Platinum Savings (no longer offered) Php 50
Multi-earner (no longer offered) Php 25
Saver Plus (2 free withdrawals per month) Php 18
BPI Debit Card Transactions
Over-the-Counter Funds Transfer via Debit/Credit Memo
Free for investment-related purposes
Individual Php 50 per transfer
Corporate* Php 100 per transfer
Dollar Deposit Accounts USD 1
Over-the-Counter Funds Transfer for #SaveUp Account (Digital Savings Account) Php 50 per transfer
Stop Payment Order (SPO) Application (per check)
Peso Checks Php 200
Dollar Checks USD 20
Overdraft (OD) Accrual Charge
Fee 25.2% p.a. on OD amount
Subject to a minimum of Php 26.25
Foreign Currency Cash Deposit
USD Free for the first USD 5,000; In excess, Php 0.15 per USD 1 or a fraction thereof
Third Currency Free for the first USD 5,000; In excess, Php 0.15 per USD 1. equivalent or a fraction thereof
BPI Online / BPI Mobile App Transactions
Funds Transfer to BPI Enrolled Accounts (BPI Online / Mobile App) Free
Funds Transfer to BPI Unenrolled Accounts (BPI Online / Mobile App)  Php 10
Funds Transfer to Other Banks via Instapay (BPI Online / Mobile App) Php 25
#SaveUp (Digital Savings Account)
Maximum Period to Fund the Account Starting from Account Opening Date 7 Days
(If account is still at zero balance after 7 days, the account will be automatically closed.)

Updated BPI Over-the-Counter Transaction Fees

Below are the updated fees for select over-the-counter transactions and branch-related services effective April 3, 2021.
Note: Fees may change without prior notice.

Over-the-Counter Peso Cash Deposit

Transaction/Service Fee
Branch of Account Free
Intra-Region¹ Free
Inter-Region2 Below Php 50,000
Php 50,000 to Php 499,000
Php 500,000 to Php 999,000
Php 1 Mn and above

Over-the-Counter Check Deposit

Transaction/Service Fee
Over-the-Counter Check Deposit Free

Over-the-Counter Peso Cash Withdrawal from a Passbook Account

Transaction/Service Fee
Over-the-Counter Peso Cash Withdrawal from a Passbook Account Free

Over-the-Counter Check Encashment

Transaction/Service Fee
Branch of Account Free
Intra-Region¹ / Inter-Region² Php 100

Over-the-Counter Peso Cash Withdrawal from an ATM/Debit Card-based Account

Transaction/Service Fee
Over-the-Counter Peso Cash Withdrawal from ATM/Debit Card-based Account Php 100 for amounts within the  ATM  withdrawal limit

Over-the-Counter Funds Transfer via Debit/Credit Memo

Transaction/Service Fee*
Individual Php 50 per transfer
Corporate Php 100 per transfer

*Free for investment-related purposes

Bank Certification*

Transaction/Service Fee
Pro-Forma (Regular Bank Certificate) – Peso Php 200
Pro-Forma (Regular Bank Certificate) – Dollar Php 200 or Usd 4 if debit from FCDU account

*Additional Php 100 for customized bank certificate

Others

Transaction/Service Fee
Replacement of PIN Mailer Php 100

1 Any branch other than the Branch of Account, within the same region, e.g. NCR to NCR, etc.

2 Any branch other than the Branch of Account, with another Region, e.g. NCR to Region I, etc.

Credit Card Rates and Fees

Card Membership Fees

Card Type Principal Card 1st Supplementary Card 2nd to 6th Supplementary Card
BPI Visa Signature Card Php 5,500/year Free for Life Php 2,750/year
BPI Amore Platinum Cashback Card Php 5,000/year Free for Life Php 2,500/year
BPI Platinum Rewards Mastercard Php 4,000/year Free for life Php 2,000/year
BPI Gold Mastercard Php 2,250/year Free for Life Php 1,125/year
BPI Amore Cashback Card Php 2,050/year Free for Life Php 1,025/year
BPI Blue Mastercard Php 1,550/year Free for Life Php 775/year
Petron-BPI Mastercard Php 1,550/year Free for Life Php 775/year
BPI Edge Mastercard Php 110/month Free for Life Php 55/month
BPI Family Credit Card Php 1,350/year Free for Life Php 675/year
BPI Corporate Mastercard Php 1,700/year Not applicable Not applicable
BPI eCredit Card Free Free Free

Interest Rates and Charges

Finance Charge or Nominal Interest Rate1 2%
(Effective Interest Rate per month2) -1.82%
Cash Advance Finance Charge or Nominal Interest Rate1 2%
(Effective Interest Rate per month3) -2.12%

1Finance Charge is the nominal rate computed by multiplying the applicable rate to the Average Daily Balance.

2Effective Interest Rate is the average monthly interest divided by the Average Principal Balance.

3Cash Advance Effective Interest Rate per month = Average Monthly Interest plus Cash Advance Fee of Php 200 divided by the Average Principal Balance.

Transaction Fees

Cash Advance* Php 200 flat fee per transaction
Foreign Currency Conversion 0.85% of the converted amount plus the Mastercard / Visa assessment fee of 1%, using the foreign exchange rate of Mastercard / Visa at the time the transaction is posted
Gaming Transactions Php 500 or 3% of the gaming transaction, whichever is higher, shall be charged for every gaming transaction in casinos and/or online betting
Special Installment Plan (S.I.P.) Pre-termination* Php 550 plus 2% of the loan principal amount if pre-terminated before the first billing.
Php 550 plus applicable interest of the next monthly payment if pre-terminated after the first billing using the diminishing balance method.

*Not applicable to BPI eCredit Card

Service Fees

Card Replacement Php 400/card
Charge Slip Retrieval1 Php 300/charge slip
Check Protect Php 1,200 or 2% of the funded check amount by the BPI Credit Card, whichever is higher
Statement of Account Copy Php 200 per statement of account
Account Maintenance Fee2 Php 200/month or the overpayment amount if less than Php 200, will be debited from:
A) Closed credit card accounts with overpayment for more than one (1) month from the date of termination/cancellation
B) Credit card accounts with overpayment with no activity for the past 12 months
Closed Account Maintenance Fee3 Php 50/month will be charged to terminated/ cancelled card accounts with credit balances for more than one (1) month from the date of closing
Express Start Cancellation Fee4 Php 1,500
Special Installment Plan (S.I.P.) Loan Service Fee Php 300 per S.I.P. Loan availment

1Not applicable to BPI eCredit Card

2Not applicable to BPI Family Credit Card Mastercard

3Applies to BPI Family Credit Card Mastercard only

4Express Start Cancellation Fee only applies to cardholders with accounts under deposit holdout. Terms and conditions apply.

Minimum Amount Due

Learn how to compute for your Minimum Amount Due. If your Total Outstanding Balance (TOB) is:

Less than or equal to Php 850 Minimum Amount Due shall be equal to the TOB
More than Php 850 Multiply the TOB of retail purchases, cash advances, fees and charges, including monthly amortizations, by 3.57%.
If the computed amount is:
Less than or equal to Php 850, then the Minimum Amount Due is Php 850 plus 100% of past due amounts, if any.
More than Php 850, then the Minimum Amount Due is equal to the computed amount plus 100% of past due amounts, if any.

Effective May 2022, the computation for the Minimum Amount Due shall be as follows:
If your Total Outstanding Balance (TOB) is:

Less than or equal to Php 850 Minimum Amount Due shall be equal to the TOB
More than Php 850 Compute 3.57% of the difference of the TOB and the sum of new retail purchase and new cash advance transactions posted during the statement month.
If the computed amount is:
Less than or equal to Php 850, then the Minimum Amount Due is Php 850 plus 100% of past due amounts, if any.
More than Php 850, then the Minimum Amount Due is equal to the computed amount plus 100% of past due amounts, if any.

Penalty Fees

Late Payment Php 850 or equivalent to the value of the unpaid minimum amount due, whichever is lower, will be charged per occurrence per card.
Returned Check Php 100 for every returned check and additional 6% of the check amount

In case of default, cardholder shall pay the following in addition to penalty and charges:

Attorney’s Fee 25% of the amount due
Liquidated Damages 25% of the unpaid amount, plus litigation expenses and judicial costs

Deposit Rates – Savings and Checking

Peso Savings Account

#SaveUp

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
Php 3,000 Php 3,000 Php 5,000 0.09%

Jumpstart Savings

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
Php 100 Php 1,000 Php 2,000 0.06%

For Jumpstart Savings, Php 1,000 maintaining balance is waived for one (1) year for accounts opened starting March 16, 2012.

Maxi Saver

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
Php 2,000,000 Php 2,000,000 Php 2,000,000 0.13%
With 0.125% bonus p.a. if no withdrawal within a month
Passbook
Php 2,000,000 Php 2,000,000 Php 2,000,000 0.13%
With 0.125% bonus p.a. if no withdrawal within a month

Saver Plus

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Php 50,000 Php 50,000 Php 50,000 0.09%

Padala Moneyger

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
N.A Waived for as long as there are four (4) remittances in a year Php 5,000 0

Pamana Padala

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
Php 500 Waived for as long as there are four (4) remittances in a year Php 5,000 0.06%

Pamana Savings

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
Php 25,000 Php 25,000 Php 25,000 0.06%
Passbook
Php 75,000 Php 75,000 Php 75,000 0.06%

Passbook Savings

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
Php 10,000 Php 10,000 Php 25,000 0.06%

Regular Savings

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
Php 3,000 Php 3,000 Php 5,000 0.06%

Save-Up (Automatic Savings + Insurance)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Info Card
N.A Php 1,000 Php 5,000 0.06%

Save-Up High (Automatic Savings + High Interest)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
N.A Php 1,000 Php 5,000 0.06%

Direct Deposit US Pension with Passbook

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
Php 1,000 Php 1,000 Php 25,000 0.06%

Peso Checking Account

BizLink Checking

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Statement only
Php 10,000 Php 10,000 N.A N.A
Debit Card and Statement
Php 10,000 Php 10,000 N.A N.A

Business Checking

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Statement only
Php 10,000 Php 10,000 N.A N.A

Maxi One

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Statement only
Php 25,000 Php 25,000 Php 25,000 Php 25,000 – 999,999
1M and above
Debit Card and Statement
Php 25,000 Php 25,000 Php 25,000 Php 25,000 – 999,999
1M and above
Passbook
Php 250,000 Php 250,000 Php 25,000 Php 25,000 – 999,999
1M and above

Regular Checking

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Statement only
Php 10,000 Php 10,000 N.A N.A
Debit Card and Statement
Php 10,000 Php 10,000 N.A N.A

Foreign Currency Savings Account

Check our list of BPI branches offering Foreign Currencies (Initial Deposits, Monthly ADB and Balance to Earn Interest above are stated in terms of the corresponding currency).

Maxi Saver

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
USD 2,500 USD 2,500 USD 2,500 0.10%
With 0.100% bonus p.a. if no withdrawal within a month

Pamana Padala

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
USD 500 Waived for as long as there are four (4) remittances in a year USD 500 0.05

Pamana Savings

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
USD 1,000 USD 1,000 USD 1,000 0.05%

US Dollar Savings (USD)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Debit Card
USD 500 USD 500 USD 500 0.05%
Passbook
USD 500 USD 500 USD 500 0.05%

Direct Deposit US Pension with Passbook

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
USD 100 USD 100 USD 500 0.05%

Australian Dollar Savings (AUD)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
AUD 500 AUD 500 AUD 500 0.13%

British Pound Savings (GBP)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
GBP 500 GBP 500 GBP 500 0.13%

Canadian Dollar Savings (CAD)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
CAD 500 CAD 500 CAD 500 0.13%

Chinese Yuan Savings (CNY/RMB)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
 CNY 3,500 CNY 3500 CNY 3500 0.05%

Euro Savings (EUR)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
EUR  500 EUR  500 N.A N.A

Hong Kong Dollar Savings (HKD)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
HKD 500 HKD 500 HKD 500 0.05%

Japanese Yen Savings (JPY)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
JPY 50,000 JPY 50,000 N.A N.A

Swiss Franc (CHF)

Required Initial Deposit Required Minimum Monthly ADB* Required Daily Balance to Earn Interest** Interest Rate per Annum***
Passbook
CHF 500 CHF 500 N.A N.A

Verified Source: [1, 2, 3, 4, 5, 6, 7]

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