In our original article ATM Withdrawal Fees and Balance Inquiry Charges by Philippine Banks, we lamented that gone were the days when we can simply use our ATMs without paying any service charge.
These days, it seems the ATM is not anymore a free benefit given to bank customers. Indeed most, if not all, banks now charge clients whenever they use ATMs.
A lot of social media users on Facebook and Twitter were enraged yesterday after rumors surfaced that top Philippine bank Banco de Oro (BDO) will start charging PHP2.00 for every withdrawal made using BDO’s ATM terminals.
The commotion ensued after TV5’s Interaksyon website published a report saying that effective “September 1, it will cost a BDO ATM card holder P2” every time a withdrawal is made from any BDO terminal.
