Remittance fees
| Payment mode | Service charge commission | Documentary stamps* | Correspondent / settlement bank charges** | Beneficiary bank charges*** |
|---|---|---|---|---|
| Debit from FCDU account of the client | USD 14.00 | N/A | Charges vary depending on the following: • Remittance amount • Remittance currency • Purpose of remittance i.e. non-trade or trade | Charges vary depending on the bank involved, they may or may not charge their own fees. |
| Debit from Peso account of the client | Php 600.00 | Php 0.60 for every Php 200.00 | Charges vary depending on the following: • Remittance amount • Remittance currency • Purpose of remittance i.e. non-trade or trade | Charges vary depending on the bank involved, they may or may not charge their own fees. |
*In compliance with Republic Act 10963 (Tax Reform for Acceleration and Inclusion or "TRAIN") effective January 1, 2018.
**This can be shouldered by the beneficiary customer / recipient of funds where the charge will be deducted by the correspondent /settlement bank from the total amount that the recipient of funds will receive. If not, this can be shouldered by the remitter / BPI applicant where BPI will collect the charge in advance on top of the BPI Service Charge Commission.
This charge is the fee of the correspondent / nostro settlement bank and not of BPI.
***This is shouldered by the beneficiary customer / recipient of funds where the charge will be deducted by the beneficiary bank from the total amount that the recipient of funds will receive. If not, this will be shouldered by the remitter / BPI applicant as an additional charge. Intermediary bank charges may also be applied. This charge is the fee of the beneficiary bank and not of BPI.
Note: Fees may change without prior notice.
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| Deposits are insured by PDIC up to P500,000 per depositor. BPI is regulated by the Bangko Sentral ng Pilipinas