50 Ways Banks Are Earning From You Through Bank Fees

Here are 50 ways banks are earning from you through bank fees, penalties or charges.

This list is not to condemn banks. We need banks.

This is just to make you aware there are a lot of bank fees and what these fees are, so you can be smart about them.

These bank fees are not only charged in the Philippines -- most of these fees are also charged by banks in other countries.

Here are 50 Ways You're Making the Banks Richer with Bank Fees:


1. Below-maintaining-balance fee
    This is among the most common fees charged by banks, based on complaints online. One OFW wrote to this blog, saying she was charged 300 pesos for 15 months for a total of 4,500. She did not know that the minimum Monthly Average Daily Balance (MADB) or maintaining balance was increased.

2. Dormancy fee
    This is common among OFWs who are too busy with their work abroad they forget to remit to their accounts. A savings account becomes dormant if there's no deposit or withdrawal within 2 years. The time frame for a checking account is only one year.

3.  Interregional-branch over-the-counter deposit fee
     It's great to say that BPI, BPI Family, Union Bank, EastWest Bank, Sterling Bank of Asia and some big RCBC branches do not impose this fee.  This is one of the reasons why many online sellers use BPI accounts for collecting payments from their customers. Their customers will not have to pay deposit fees.

4.  Fee for exceeding maximum number of monthly withdrawals for special accounts
      This is usually imposed on higher-interest accounts.

5.  Lost passbook replacement fee

6.  Dollar withdrawal fee (withdrawing more than maximum amount)
7.  Dollar deposit fee (depositing more than maximum amount)

8.  Early account closure fee
    Fee for closing your account within one month from opening date

9.  Bank statement or certification fee  

10.  Another-bank's ATM withdrawal fee
     This is perhaps the most common fees charged by banks, and the most ignored by cardholders ("15 pesos lang naman...").

11.  Another-bank's ATM balance-inquiry fee

12.  Same-bank ATM withdrawal fee for special accounts

13.  Over-the-counter withdrawal fee for ATM accounts
       Banks say your ATM account is ATM-based, so you should use only the ATM for withdrawals.
       Your withdrawal should be free if the machine is out of order, or if you need more than the daily maximum ATM withdrawal amount.

14.  ATM card or debit card replacement fee

15.  Overseas ATM  withdrawal fee
       This usually costs US$3.50 per ATM withdrawal. Some ATMs abroad also charge their own fees.

16.  Overseas ATM balance inquiry fee
       This usually costs US$1.00.

17.  Overseas ATM withdrawal rejection fee
      These fees for overseas withdrawals are in addition to fees charged by some ATMs abroad for foreign-issued ATMs.

18.  Fee for exceeding maximum number of ATM withdrawals (for special debit cards)
       Usually, you are limited to 2 to 4 free ATM withdrawals a month.

19.  Funds transfer to another local bank

20.  Foreign-issued ATM card fee


21.  Cash card or prepaid card over-the-counter deposit fee

22.  Cash card inactivity fee
       Fee for not doing any transaction for more than 12 months

23.  Same-bank cash card ATM withdrawal fee

24.  Another-bank cash card ATM withdrawal fee

25.  Cash card replacement fee

26.  Visa or Mastercard prepaid card annual fee
        This is charged for Visa or Mastercard prepaid cards not linked to a savings account.


27.  Fee for inward remittance from overseas
        Nagbayad ka na sa remittance company sa abroad, may bayad pa sa bangko? Yes!
        In some cases, banks get their remittance fee through their foreign exchange conversion rate.

28.  Fee for outward remittance to overseas

29.  Correspondent bank fee for outward remittance to overseas
30.  Intermediary bank fee for inward remittance to another local bank

31.  Fee for outward funds transfer to another local bank

32.  Fee for incoming funds transfer from another local bank

33.  Fee for funds transfer using debit/credit memo over-the-counter


34.  Returned check fee
       This could range from 2,000 to 2,500 pesos

35.  Stop payment order (SPO) fee
        SPO application fee is usually 200 pesos per check.
        Plus 2,000 pesos for the process of stopping to fund the check
        (this is charged whether funds are sufficient or not)

36.  Fee for depositing a dollar check that was later returned
37.  Check retrieval fee

38.  Over-the-counter check encashment
       (Isn't this free? It has always been, but now some banks want you to deposit the check, not encash over the counter.)

39.  New checkbook fee


40.  Late payment fee
       If your due date is a holiday, Saturday or Sunday, pay before your due date.  
       If you're paying by check, pay several days before to allow for the 3-day to 7-day check clearing period.

41.  Over credit-limit fee
      You spent more than your available credit limit.
      (Why don't the banks decline the card usage? Well, you might sue them for embarrassment or for loss of business opportunity, so they might as well allow you to go over your limit, and just charge you a fee. Isn't that clever?)

42.  Annual fee

43.  Fee for making multiple payments per month
       Fee for making more than 2 or 3 payments to your credit card within a month
       Pinapagod mo raw kasi yong teller nila or yong system nila :)
       Bakit daw hindi ka minsanan lang magbayad? Huh!

44.  ATM cash advance service fee

45.  Over-the-counter cash advance fee

46.  Foreign transaction service fee

47.  Returned check fee (if you used an unfunded check to pay )

48.  Sales slip retrieval fee

49.  Credit card replacement fee

50.  Installment pretermination fee

. Foreign banks usually do not impose maintaining balance requirements for each account. What they use is Total Relationship Balance (TRB), the overall total of the balances of all your bank and investment accounts with them.

. The 50 bank fees above are not the only bank fees charged. There are other bank fees.

Related Posts:
What is Maintaining Balance or Monthly Average Daily Balance (MADB)?
Tips for New Checking Account Owners
Below-Maintaining-Balance Penalties for BDO Kabayan Accounts


Enroll in BPI Online Banking While Abroad

Updated June 2018

Yes, you can enroll in BPI online banking while abroad.

What account can I enroll in online banking?
.   any deposit account with BPI, BPI Family, BPI Europe or BPI Direct
.  BPI credit card

For Express Cash card, loan accounts and other BPI accounts, you can enroll them ONLY after your online banking enrollment has been approved and activated.

What are the steps in enrolling in BPI online banking while abroad?

1.  Go to bpiexpressonline.com

2.  Find "Personal Login" and " Enroll Now"

3.  Click "Enroll Now"

4.  Choose one of these below:

    Enroll an ATM-based BPI, BPI Family Savings, or BPI Direct deposit account
        For clients with ATM-based accounts

    Enroll a Passbook-based BPI or BPI Family Savings deposit account
        For clients with Passbook-based accounts

    Enroll a BPI Europe account
        For clients with BPI Europe accounts

    Enroll a BPI Credit Card account
        For clients with BPI Credit Card

5.  Click "Continue"

6.  You will see "Please let us know where you are residing"
      Choose "Outside the Philippines"

7.  Click "Continue"

8.  You will see Internet Banking Services Agreement.
      Click "I Agree"

9.  Complete Express Online Registration form

  • User ID
  • Password
  • First Name
  • Middle Name
  • Last Name
  • Mother's Complete Maiden Name
  • Email Address
  • Telephone Numbers
  • Account Numbers and Account Types

10.   Review what you have written.

11.  Print the completed form
       If you do not have a printer, select the whole application form, press Ctrl C, and then paste on a blank Microsoft Word page. Save in your USB.

12. Click "Submit"

Take note:
If after submitting, you see a print-ready version of your completed application form, then this is the one that you should print, sign and mail to BPI.

Again, if you do not have a printer, copy the print-ready form, save it in Word and then in USB, then have it printed at an Internet cafe.

13. Sign the printed form and mail to:

BPI Fulfillment Banking Department
18th Floor, BPI Buendia Center
372 Gil Puyat Avenue, Makati City 1226

14.  After your request is processed, BPI will send you an email advice.

Which BPI accounts can not be enrolled in BPI Online Banking?

  • Peso Passbook accounts
  • Joint AND accounts 
  • In Trust for accounts (ITF accounts)
  • Corporate Accounts
  • Power 5-Bullet (Lump Sum Payment)
  • TF Plus Tax-Dree Repriceable
  • BPI TD Plus Tax-Free
  • Insta-Credit  
Third-Party Accounts that You can Enroll for Funds Transfer

You can enroll third-party accounts only if your own account is an ATM-based account.

These third-party accounts should be Individual Accounts

  • ATM Savings  
  • ATM Checking 
  • Passbook Savings  
  • Maxi  
  • Platinum Savings 
  • Platinum for Kids
  • BPI Direct Savings
  • BPI Direct Checking
  • Pangarap Savings
After successful enrollment, use your smartphone to download the BPI Mobile App from Google Play so you can do mobile banking using your smartphone.


Types of Philippine Banks Closed Down from 2000 to 2017

Which bank will be the first one to be closed down by the BSP in 2018?

Or will 2018 be a rare year? With no bank failing this year.

Let's look back and see which year saw the most number of banks that failed:


2017 6 1 7
2016 20 3* 23
2015 14 14
2014 131115
2013 17118
2012 221124
2011 25429
2010 213125
2009 272231
2008 222224
2007 15217
2006 10111
2005 8210
2004 224
2003 729
2002 91212
2001 15419
2000 193123

*One thrift bank was not closed down. It voluntarily surrendered its thrift banking license.


How to Load Paymaya at a TouchPay machine

I was looking for drinks at the Alfamart convenience store at the ground floor of the Grace Residences in Taguig when I saw a TouchPay machine. I've read about it on the Paymaya website, so I decided to try to use it to load my Paymaya.

It was easy, and the one-thousand peso bill that I entered into the machine got credited instantly to my Paymaya account. I immediately got a text from PayMaya informing me that my TouchPay load was already added to my PayMaya account.

Touchpay machine

Prepare the amount you want to load.
Know your Paymaya phone number.
Only paper bills.  No coins.
The machine will NOT give you change.
Minimum is 100 pesos.

How to Load:
Just press e-money
paytouch machine e-money

Press PayMaya
Enter your PayMaya phone number: 0_ _ _ _ _ _ _ _ _ _
Enter amount
Insert your money into the receptacle below
Do you want a receipt?  Press Yes
Get your receipt.
Look at your phone message. See this text from PayMaya:
Awesome! You have received PHP1,000.00 on your PayMaya Account from Touchpay.
Your available balance is PHP3,587.00. Ref. No. 0913f3c4b3ce

The loading was instant. The text from PayMaya was just a few seconds after I pressed Yes.

The TouchPay receipt shows:
Receipt #
Service name: PAYMAYA
Mobile Number:
Reference #
Amount Received
Amount Transacted
Service Fee: Php0.00
Total Amount Paid
Customer Support:  Mon to Fri, 9am - 6pm
                        (02) 232-8946 / (02) 232-8947
 Email: custcare@meps.ph
Visit us at touchpay.ph

According to the TouchPay website, TouchPay machines are available at:

Aklatan ng Lungsod Quezon
Ateneo de Manila
Ceres Liner
Davao Light
Philam Life
Shell Select
Sky Cable
SPi Global
Ultra Mega
Uptown Mall
Xavier School Luceat Lux

Selected branches of:
Alfamart  (I used a TouchPay at an Alfamart store)
Century Properties
DMCI Homes
Gaisano Grand Malls
Mercury Drug
National Bookstore
Victory Malls


Philippine National Bank in Qatar

Here are the offices of the Philippine National Bank in Qatar:

Qatar Desk Office
Doha Bank International Relations Center
First Floor, Doha Bank D-Ring Road Branch
D-Ring Road cor Al Mansour Street, Matar Qadeem,
PO Box 3818

Business Hours:
Sunday to Thursday - 7:30AM to 3:30PM

Landline (+974) 4445 6759
Mobile (+974) 5582 1049
Relationship Officer:
 Anthony Ariel R. Aya-Ay
Email: AyaayaAR@pnb.com.ph

Send Money Online from Doha Bank
You can open an account with Doha Bank, so you can send money online from your Doha Bank account to your account with PNB in the Philippines.

Qatar Marketing Office
c/o Alzaman Exchange W.L.L. 
Mansoura Al Meera, Doha,
PO Box 23497 (974) 5 5970111

(Mobile) (974) 44357552
(Office) (974) 44154732
Relationship Officer: Benette Cueto-Quiton
Email: CuetoBA@pnb.com.ph

Other ways to send money to the Philippines from Qatar:
BDO remittance partners
BPI remittance partners
Metrobank remittance partners
Landbank remittance partners

How much does it cost to send money from Qatar to the Philippines?
Remittance fees from Qatar to the Philippines range from 15 to 23 Qatari riyals.

I-observe nio rin kung favorable naman ang foreign exchange rate na ginagamit ng mga remittance companies o banks at kung meron pang inward remittance fee charged by the receiving bank in the Philippines.

Are there many Filipinos in Qatar?
Yes, there are around 205,000 Filipinos in Qatar as of 2013, according to the Commission on Filipinos Overseas.
Qatar is No. 9 on the CFO list of countries with the biggest number of Filipinos.
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