Banco De Oro banks in Metro Manila charges PhP50 when depositing to provincial account. I found out about this when I deposit to my brother's account in Sta. Rosa Laguna. The deposit was made in a Quezon City branch. Upon withdrawal, my brother will have to "pay" at least PhP10 since the nearest BDO atm is a long drive away, he opts to use another bank's atm. The PhP10 charge can be reasonable but I don't know about the PhP50 charge.
There was no charge in depositing on a BDO Mandaluyong account (his wife's) even if the transaction was made in a QC branch. A regular consumer like me would see this as senseless. Why charge for one transaction and not for the other? Are they not supposed to be centralized?
Apparently there are other banks having the same practice. I have no first-hand info on these banks but one can check this forum (even though there are a lot of digression in the forum).
This should be one criteria in which bank we choose to save our money. I'm lucky I don't have a BDO account! Unfortunately, my relative do. It makes me think that I should let them open an account in another bank.
1 comment:
I just learned about this unfair practice of BDO when I made a deposit to a branch in Sta. Maria Bulacan. I opened at Legarda, in Manila. Tomorrow, I will definitely close my account with BDO.
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