Friday, November 16, 2007

ATM Charges/Fees: BancNet, Megalink, Expressnet, Mastercard, Cirrus, Maestro, Visa, Plus, JCB, Encash, Nationlink

Updated ATM charges per transaction in the Philippines (as of April 2013):

Balance Inquiry Transaction Fee:

On-us/proprietary: Free
Interbank (switched by BancNet: P1
Megalink: P1 (see note below)
ExpressNet: None
Cirrus/Maestro: $1
Plus: $1

Banks who charge P2 balance inquiry fee: PNB, UnionBank, Bank of Commerce, One Network Bank, Equitable Savings Bank, LBC Bank

ATM Cash Withdrawal Transaction Fee

On-us/proprietary: Free
Interbank (BancNet, Megalink, Expressnet): P8 to P12.50

Banks with highest charges: OK Bank (P12.50), UnionBank (P12), UCPB (P11), Bank of Commerce (P11), PNB (P11), UCPB (P11)

Banks with no charge: Citibank, Citibank Savings, HSBC

Cirrus/Maestro: $3.5
Plus: $3.0
(these rates apply also to ATM transactions abroad)

ENCASH ATM Cash Withdrawal: add P25 or P45 convenience fees on top of normal transaction charge (there is a warning screen for this)

Nationlink ATM Cash Withdrawal: add P20 convenience fees on top of normal transaction charge (there is a warning screen for this)

Note there is a maximum amount per withdrawal for switched transactions of P10,000.00 via BancNet or Megalink. BPI recently lowered this to P5,000.00. For on-us/proprietary transactions, the issuing bank's set amount is applied.

Fund Transfers via ATM Fee

On-us/Proprietary (if available): Free
Interbank (BancNet) : P25 (real time credit)
Interbank (Megalink): P25 (next day credit)

* called IBFT by BancNet, short for Inter Bank Funds Transfer

Bills Payment via ATM Fee

This service is free to all cardholders. It's the biller institution who pays the processor the fees per transaction.

Cash Advance Fees

Using credit cards to withdraw cash on ATMs (funds subject also to interest rates)
VISA, Mastercard: P300 or 3% of amount whichever is higher
American Express (AMEX): 5% of cash advance or P500 whichever is higher
Diner's Club: 5% of cash advance amount or P250 whichever is higher

Note: an access fee of P200.00 shall be charged on top of regular VISA/MASTERCARD/JCB/CUP transaction fees.

Many ATMs in the Philippines eg.g BPI (Bank of the Philippine Islands), Metrobank and PSBank accept VISA/VISA Electron/Plus, Mastercard/Cirrus/Maestro where their logos are displayed

American Express is accepted at BPI ATMs

China Union Pay (CUP) cardholders can inquire balance and withdraw funds from BancNet ATMs plus shop using BancNet Point-of-Sale (POS) which is similar to BPI EPS and ECN. No information yet on the charges.

Japan's JCB cardholders can now also perform credit card cash advance transactions.

Cirrus and Maestro are affiliated with MasterCard; Plus is a VISA affiliate.

Using your Philippine-issued ATM card abroad is only possible for Cirrus, Maestro, and Plus affiliated banks (e.g. BPI International for Cirrus/Maestro). Inquire at your own bank for details.

How to avoid ATM transaction Charges in the Philippines:

1. Transact only at your own bank's ATMs
2. Open an account at Citibank, Citibank Savings or other banks that do not charge ATM withdrawals and account balance inquiries to their cardholders.
3. Open an account at a bank with an ATM near your place.
4. Do not put your money in the bank, invest it some place else :P

Note that transaction charges can be thought of as convenience fees; you pay the charges instead of wasting your time and spending money on fares/gas going to your own bank's ATMs.

ExpressNet Member Banks:

Effective April 1, 2013, BPI is part of BancNet

BancNet Member Banks:

Allied Bank, Allied Savings Bank, Asia United Bank (AUB), Banco San Juan, Bank of the Philippine Islands (BPI), Bank of Commerce (BOC), Bangko Mabuhay, BPI Family Savings Bank, CARD Bank (San Pablo City, Laguna), Centennial Savings Bank, China Banking Corporation (Chinabank), Chinabank Savings, Chinatrust Bank, Citibank, N.A., Citibank Savings Bank, Citystate Savings Bank, eCTK, Development Bank of the Philippines (DBP), Dungganon Bank, East West Bank, Equicom Savings Bank, Export and Industry Bank (Exportbank), Green Bank of Caraga (Butuan), Hong Kong Shanghai Bank (HSBC), HSBC Savings, Land Bank of the Philippines (Landbank, LBP), Malayan Bank, Maybank, Metrobank, OK Bank (Iloilo City), Philtrust Bank, Philippine Bank of Communications (PBCOM), Philippine National Bank (PNB), Postal Bank, Producers Bank, Philippine Savings Bank (PSBank), Quezon Capital Rural Bank (QCRB), The Real Bank, Rizal Commercial Banking Corporation (RCBC), RCBC Savings Bank, Robinsons Savings Bank, Security Bank, Security Bank Savings, Standard Chartered Bank, Sterling Bank of Asia, Tong Yang Savings Bank, Philippine Veterans Bank (PVB), UCPB Savings Bank, World Partners Bank, Wealth Bank (Cebu City), Zambales Bank (Zambank)

Nationlink Subscribers  (A member of BancNet):

Cantilan Bank, Kaunlaran Bank, Rural Bank of Manaoag, Coop Bank of Benguet, Coop Bank of Nueva Vizcaya, Optimum Development Bank, Rural Bank of Malasiqui, Community Rural Bank of Dapitan, Metro Ormoc Community Cooperative (OCCCI), Perpetual Help Credit Cooperative

Megalink Member Banks:

Banco de Oro (BDO), Pacific Ace Bank, MASS-SPEC, National Confederation of Cooperatives (NATCCO), One Network Bank, Queen City Development Bank, Union Bank of the Philippines (Unionbank), United Coconut Planters Bank (UCPB), Pacific Ace Savings Bank

ENCASH Member Banks(A member of Megalink):

Rural Bank of FloridaBlanca, GM Bank, Bangko Kabayan, Rural Bank of Tiaong, Progressive Rural Bank, Rural Bank of Puerto Galera, First Valley Bank, Rural Bank of Calasiao, Balai Isabel, GM Bank, Jose Panganiban Rural Bank, Rural Bank of Nabua, G7 Bank

You may visit your bank's website for ATM locator service to know where to find ATMs in the Philippines. For example, in Boracay, there are ATMs by Metrobank, Allied Bank and BPI.

Updated: April 2013


  1. Note that transaction charges can be thought of as convenience fees; you pay the charges instead of wasting your time and spending money on fares/gas going to your own bank's ATMs.

    I definitely agree! This is my way of thinking.
    btw, thanks for giving me tip on how to recover my photos :)

  2. thess, no problem. maybe i post the detailed procedure of photo recovery :P

    let me know if you need more help

  3. thanks for referring me to your site paetechie. =) i'm putting this on my bookmarks. haha

    it really sucks when banks charge you to gain access to your own money. one of the reasons they put up atms is to save on transaction costs. but not only are they saving money, they also found ways to make even more money with the help of atms.

    i guess it's a good time to start investing in banks these days.

  4. web, will need to update this page regularly. there are many banks buying atms now including rural banks and cooperatives like AIMCOOP of Zamboanga, VCF of cebu and OCCCI or Ormoc

  5. MASS-SPECC, a Mindanao-based cooperative federation is a member of Megalink. They should also be included in the list of ATM networks offering lower transaction fees versus Encash and Nationlink.

  6. can i ask if there's an available DBP Megalink ATM machine in hong kong & china??? pleaseee. thanx 4 the reply

  7. Any update for 2010? Thanks!
    email me at liezl_7m5(AT)yahoo(DOT)com

  8. is there any update on atm transaction fees? Thanks!!!

  9. ENCASH ATM fees varies but the minimum is set at 28 pesos for new sites. It can go as high as 55 depending on (normally based on transportation cost)to the nearest ATM. ENCASH has over 150 ATMs countrywide and is looking to reach more than 200 by the end of the year.

  10. MASS-SPECC Cooperative Development Center is a member of MegaLink. You failed to include in the list. MASS-SPECC has an ATM infra called "Oinoy Coop ATM".

  11. takes only one of the million thiefs around to take all your cash and equal a year of atm fees.. Carrying cash is old school.. developing countries havent for decades.. also corruption would be less once LTO figures out they cant accept debit cards...