Discussion in 'Banking - Investing - Finances' started by JOHNNY B, Jan 11, 2020.
the 50k is your daily withdrawl limit..20k max at a time..i have the same card
Daily ATM limits on a card from another bank may be set by the bank that issued the card.
Charles Schwab reimburses all ATM fees. Don't tell them that's why you are opening the account though.
i signed up with Schwab, about 15 years ago, using a foreign address and i had to make a USD $25k deposit with them to get a Schwab debit card.
Found this through Google:
Bank ATM Maximum Amount Per Day
BDO PHP 50,000
BPI PHP 20,000
China Bank PHP 30,000
Landbank PHP 50,000
Maybank PHP 20,000
Metrobank PHP 30,000
PNB PHP 20,000
PS Bank PHP 30,000
RCBC PHP 50,000
Security Bank PHP 40,000
UCPB PHP 20,000
Union Bank PHP 20,000
In Thailand ATM limits are usually around THB 25000 (PHP ~41000). Although, when making the debit card withdrawal manually in the bank the limit is THB 50000. Is it similar in The Phil's?
I think the rules have changed in those 15 years. I don't think they have a minimum deposit to open an account and get a card any longer. They do force you to open a brokerage account along with it, and I take advantage of that, but I didn't use the brokerage account for months while I had the checking account.
And another side note, they have excellent online money management and free stock trading/research platforms with their brokerage/checking accounts. I use them both almost daily.
Daily allowable amount for ATM withdrawals is P20k but you may withdraw the whole amount using the real teller, that means filling out a form and waiting for your turn to be called inside the bank.
That is correct.
BPI has a card available on request(the card i have) which is raised to
p50k per day..unfortunately not 50k in i shot though
I think BPI also allows Php20k withdrawal per day.