ATM Withdrawal, Balance Inquiry Fees of Philippine banks

Do you know how much your bank is charging you whenever you use your automated teller machine (ATM) to make a withdrawal or balance inquiry in another bank’s ATM?

Be aware, because if you have no idea how much the fees are, they can eat up your total deposit balance.

Gone are the days when you can simply use your ATM in another bank’s machine for free. These days, withdrawal charges can be as high as P15.00 per transaction. Even a simple transaction such as balance inquiry is charged as high as P2.50 per use whenever you do it using another bank’s ATM.

ATM Withdrawal Fees

Clients of the Bank of the Philippine Islands (BPI), BPI Family Savings Bank, and Banco de Oro (BDO) Smart Money Card are charged the most for every withdrawal in another bank’s ATM. The fee charged to these depositors is P15.00 per withdrawal transaction.

The following banks, meanwhile, charge P12.00 for every withdrawal made in other banks’ ATM: Rizal Commercial Banking Corp. (RCBC), Union Bank of the Philippines, Malayan Bank, and Chinatrust.

These banks charge P11.00 per withdrawal transaction in other ATMs: BDO Unibank Debit Card, BDO Unibank Cash Card, Metrobank, Philippine National Bank (PNB), United Coconut Planters Bank (UCPB), Asia United Bank (AUB), Bank of Commerce, Maybank Philippines, and Robinsons Bank customers.

A P10.00 withdrawal charge is imposed by these banks when clients withdraw from other banks’ ATMs: Allied Bank, Development Bank of the Philippines (DBP), EastWest Bank, Land Bank of the Philippines, Standard Chartered Bank, Philippine Bank of Communications (PBCom), and Philippine Veterans Bank.

Only Citibank Philippines charges no fees to clients when they withdraw using other banks’ ATMs.

Balance Inquiry Fees

Even a simple balance inquiry transaction is charged up to P2.50 every time it is done using another bank’s ATM.

BDO Smart Money Card users are charged P2.50 for every balance inquiry made in a different ATM.

These banks charge P2.00 per balance inquiry transaction in another bank’s ATM: Asia United Bank, BDO Cash Card, BDO Debit Card, Chinatrust, Maybank, Metrobank, PSBank, Veterans Bank, Planters Bank, RCBC, Robinsons Bank, Unionbank, and UCPB.

A P1.00 balance inquiry fee, meanwhile, is charged by these banks: Allied Bank, Chinabank, DBP, East West Bank, Landbank, Malayan Bank, PBCom, Philippine Business Bank, Standard Chartered Bank, and Sterling Bank.

The table below summarizes the withdrawal and balance inquiry fees charged by Philippine banks.

Withdrawal and Balance Inquiry Fees of Philippine Banks


(Update September 2013): Here’s the updated table of Philippine ATM Service Fees after banks announced an increase in ATM transaction charges. As of September 26, however, the increased charges have been deferred following an order from the Bangko Sentral ng Pilipinas.)

Sources: Bangko Sentral ng Pilipinas, Bank websites

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

12 thoughts on “ATM Withdrawal, Balance Inquiry Fees of Philippine banks”

  1. here’s another fact. some other banks like in remote provinces aside from the usual charge, they charge what they call convenience fee which can range from 15 to 50 pesos per withdrawal charge, This is above the usual charge 12 pesos which total debit would be usual charge + convenience fees. the convenience fees are charged based on how remote the area is, it eliminates the hassle of travelling to the next town to withdraw money to the nearest ATM..

  2. well the bank has to pay the rent for the location of the atm, buy an atm machine, pay for the electricity, deliver money to the atm thru armored van, etc. so why are you all complaining? if you don’t want to pay, don’t use it. simple as that. jezzzz

  3. oh really coz here in camotes island we only have 1 atm here and they are deducting from our account 25.00 per transaction so much for this remote area its DBP

  4. what am i going to do i withdrawn money from the atm then it so happened that my current and available balance is not coincide but it will be still deducted is it still ok please do and answer i am really worried waiting thanks!!


Leave a Comment