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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