BPI, Metrobank to increase ATM fees

**antonath** · September 26th, 2013 07:27 PM

Originally Posted by Mguy

AFAIK, almost all banks will raise their fees. Na-highlight lang BPI and Metrobank dito. The increase is due to interconnection fees and the increased operating expense of ATMs.

Originally Posted by vinj

True. And i know of at least one bank who profits well from their ATMs because they keep the network running efficiently and fast so they get a lot of interbank transactions.

Setting up and maintaining an ATM machine can cost over Php 1M so matagal din ang bawi neto if you look at it profit-wise.

wag naman sana pero baka sooner or later eh they will pullout some of their machines na, so no choice ang mga atm user dito to use other bank atm

**ZENMasterTYL** · September 26th, 2013 08:36 PM

BSP stops banks from raising ATM fees

ABS-CBNnews.com
Posted at 09/26/2013 2:35 PM | Updated as of 09/26/2013 4:48 PM
MANILA, Philippines (UPDATE) - There will be no increase in interbank ATM withdrawal fees for now. This comes as the Bangko Sentral ng Pilipinas issued an order for banks to maintain status quo in their ATM fees.

BSP Deputy Governor Nestor Espenilla, Jr. said the Monetary Board believes further study is needed to decide whether the banks' plan to increase in ATM fees is justified.

"The Monetary Board approved the issuance of a memorandum instructing ... banks to maintain the status quo in terms of both service fees and connectivity arrangement with respect to their ATM network pending a completion of a study," BSP Deputy Governor Nestor A. Espenilla, Jr. told reporters yesterday.

Earlier, several banks, including Metrobank, Security Bank and BDO, said they will be raising interbank ATM withdrawal fees from P11 to P15. The banks said this "an industry-wide development to basically cover the cost of operating the ATMs."

Espenilla said the BSP acknowledged that banks need to recover the costs of operations, but noted that increasing the ATM fees may affect a lot of consumers.

BSP stops banks from raising ATM fees | ABS-CBN News

**peejay_07** · September 26th, 2013 08:36 PM

Bpiexpressoffline

**Retz** · September 26th, 2013 09:12 PM

Originally Posted by ZENMasterTYL

BSP stops banks from raising ATM fees | ABS-CBN News

Just heard it from the news pati sss mag increase na rin contribution sana ma status quo din.

**_Qwerty_** · September 27th, 2013 10:42 AM

yung sa SSS kailangan increas-an talaga nila ang contribution tapos lakihan din nila ang maximum salary bracket.. right now nasa 15T lang yata ang maximum salary bracket.. dapat gawin man lang nila up to 50T.. para malaki din matatanggap na pension..

**Retz** · September 27th, 2013 11:45 AM

^

magkano ba increase sa monthly contribution sir? right now *15T a month i think it is Php500 per month contribution.

**_Qwerty_** · September 27th, 2013 01:02 PM

parang sabi dati they plan to increase contribution by .6% to be shared by employer and employee.

MANILA – If the Social Security System (SSS) administration and President Benigno “Noynoy” Aquino III would have their way and the SSS contributions are to be increased this year by 0.6 percent to become 11 percent, the contribution for each employee earning P10,000 (US$229) a month would rise by P60 to P1,100 (US$25.15)