According to BDO, the 2 pesos charge will be imposed only to withdrawals made using debit cards or pre-paid cards, which shall start on September 1 (Saturday). Earlier reports circulated around the Internet regarding the additional withdrawal fee for ATM withdrawals, which caused a buzz on various social networking sites.
This was clarified by Jaime Nasol, BDO Cash Management Services Head. In a statement released by BDO-Unibank, he clarified, "The 2 pesos fee will only be effective on withdrawals of clients using cash cards (or BDO Prepaid cards), similar to what other industry players are implementing. This is to partialy recover our cost on cash handling. BDO account holders are not affected by this development."
This is good news for BDO depositors. Now they are assured that the withdrawal fees are limited only to cash cards/ prepaid cards.
If you want to open a BDO account, head to their official website here.
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