Last Updated on April 13, 2017 by Marie Bautista
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| A photo by Naypong via freedigitalphotos.net |
I am a
creature of comfort.
creature of comfort.
I have been
shopping online since five years ago. I
get good deals and of course, I don’t need to go to the mall just to find out
the dress I so want to have and am saving for a month is gone.
shopping online since five years ago. I
get good deals and of course, I don’t need to go to the mall just to find out
the dress I so want to have and am saving for a month is gone.
I check my
cash-in-bank balance online. I buy and
sell stocks online.
cash-in-bank balance online. I buy and
sell stocks online.
I go to the
nearest ATM to withdraw money.
nearest ATM to withdraw money.
Everything
seems to be convenient.
seems to be convenient.
But being a
creature of comfort does come with a price.
creature of comfort does come with a price.
Because my
bank is charging me with fees whenever I use another bank’s Automatic Teller
Machine to get MY OWN, HARD-EARNED money.
bank is charging me with fees whenever I use another bank’s Automatic Teller
Machine to get MY OWN, HARD-EARNED money.
It is true
that ATMs are conveniently located everywhere, which makes banking so easy and
a lot of times, a fee of up to P15.00 per transaction is a small fee we are willing
to pay for that convenience.
that ATMs are conveniently located everywhere, which makes banking so easy and
a lot of times, a fee of up to P15.00 per transaction is a small fee we are willing
to pay for that convenience.
But the fees
do add up. Just think. Making a balance inquiry could cost you P1.00
to P2.00. Some ATMS have withdrawal
limits of P10,000.00,so if you will attempt to withdraw P50,000.00, you will be charged from
P50.00 to P75.00!
do add up. Just think. Making a balance inquiry could cost you P1.00
to P2.00. Some ATMS have withdrawal
limits of P10,000.00,so if you will attempt to withdraw P50,000.00, you will be charged from
P50.00 to P75.00!
Depositors
of Bank of the Philippine Islands (BPI), BPI Family Savings Bank and BDO Smart
Money Card charge you P15.00 per withdrawal in another bank’s ATM.
of Bank of the Philippine Islands (BPI), BPI Family Savings Bank and BDO Smart
Money Card charge you P15.00 per withdrawal in another bank’s ATM.
A withdrawal
fee of P12.00 per transaction, meanwhile is slapped on you by Rizal Commercial
Banking Corporation (RCBC), Union Bank of the Philippines, Malayan Bank and
Chinatrust whenever you choose to withdraw using another bank’s ATM.
fee of P12.00 per transaction, meanwhile is slapped on you by Rizal Commercial
Banking Corporation (RCBC), Union Bank of the Philippines, Malayan Bank and
Chinatrust whenever you choose to withdraw using another bank’s ATM.
Eleven pesos
will be deducted from your account as a withdrawal fee if you use another bank’s
ATM if you are a client of BDO Unibank Debit Card, BDO Unibank Cash Card,
Metropolitan Banking Corp., Philippine National Bank, United Coconut Planters
Bank, Asia United Bank, Bank of Commerce, Maybank Philippines and Robinsons
Bank.
will be deducted from your account as a withdrawal fee if you use another bank’s
ATM if you are a client of BDO Unibank Debit Card, BDO Unibank Cash Card,
Metropolitan Banking Corp., Philippine National Bank, United Coconut Planters
Bank, Asia United Bank, Bank of Commerce, Maybank Philippines and Robinsons
Bank.
The cheapest
withdrawal transaction fee at P10.00 is imposed on ATM cardholders of Allied
Banking Corporation, Land Bank of the Philippines, Standard Chartered Bank,
Philippine Bank of Communications and Philippine Veterans Bank.
withdrawal transaction fee at P10.00 is imposed on ATM cardholders of Allied
Banking Corporation, Land Bank of the Philippines, Standard Chartered Bank,
Philippine Bank of Communications and Philippine Veterans Bank.
Citibank does not impose
charges.
charges.
And oh, don’t even get me
started over Globe’s paper fee of around P20.00 plus VAT which is an extra
charge if you opt for the paper bill. (I think Globe is trying to earn by pretending to love the environment
by advocating a paperless society.)
started over Globe’s paper fee of around P20.00 plus VAT which is an extra
charge if you opt for the paper bill. (I think Globe is trying to earn by pretending to love the environment
by advocating a paperless society.)
I am a creature of comfort, I know, but being one sure comes with a hefty price in the long run…
