Kudos to these banks.
They DO NOT charge interbranch deposit fees. NO over-the-counter interbranch interregional deposits.
Some even offer free interbranch over-the-counter withdrawals, check encashment and funds transfers.
NO Interbranch Interregional deposit fee for these banks:
Sterling Bank of Asia
It’s PSBank Passbook-with-ATM account offers one free inter-regional transaction per day.
Its larger branches do not charge interbranch interregional deposit fees.
Do you know any other bank that does not charge an interbranch fee?
Thank you for sharing it with us.
BPI, BPI Family and PNB are now charging interregional over-the-counter deposit and withdrawal fees.
So sad that BPI and BPI Family have started charging for interregional deposit fees since January 2019.
If you deposit in a BPI branch in a different region, you will be charged 50 pesos.
If you withdraw over the counter using your passbook in a BPI branch in a different region, you will be charged 100 pesos.
PNB Fees for Interbranch Deposit, Withdrawal and Encashment Transactions (since July 15, 2019):
Peso deposit, withdrawal or encashment: 50 pesos
US Dollar or other foreign currency deposit: 100 pesos
US Dollar or other foreign currency withdrawal or encashment: 200 pesos
Peso deposit, withdrawal or encashment: 200 pesos
US dollar or other foreign currency deposit: 200 pesos
Interbranch Inter-regional Transactions over the counter
Peso cash deposit — 50 pesos for every 100k pesos or fraction thereof
Peso cash withdrawal or encashment — 100 pesos
Foreign Currency Deposit with more than 50 pieces in small denominations (20 or below, not applicable for CNY) — ¼ of total amount of small denominations or $10 or 10 euros
US dollar checks below $1,000 — 5 dollars per check
Fund Transfer to Other Banks (to BancNet Member Banks)
via China Bank ATM / TellerPhone — 25 pesos
via China Bank Mobile Banking App (using Instapay) — 10 pesos
via China Bank Online using IBFT — 25 pesos
China Bank Online using InstaPay — 15 pesos
Over-the-counter Deposit Fee for eSecure Savings Account — 100 pesos
Over-the-counter Withdrawal Fee for Easy Savings Account — 100 pesos
Over-the-counter withdrawal fee for Easy Checking Account — 30 pesos
Over-the-counter withdrawal fee for All-Access and All-In-One Checking Account) — Free
How to Avoid Interbranch Interregional Deposit Fees?
If possible, use mobile or online banking for your transactions, so you won’t have to pay interbranch transaction fees.
Do You Know These Bank Fees?