According to ABS-CBN News, BDO clarified that only ATM withdrawals using cash cards or BDO pre-paid cards will be charged starting September 1. The policy change will not affect bank customers who are holding regular savings account.
“The P2 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 partially recover our cost on cash handling. BDO account holders are not affected by this development,” BDO’s cash management services head Jaime Nasol reportedly said in a statement.
The report titled “BDO imposes P2 fee for every depositor’s ATM withdrawal” was published on TV5’s website, Interaksyon.