As of today, withdrawing money from your bank account at any of their ATM terminals doesn’t cost you a cent. But, yesterday, an online newspaper’s tweet resulted to a Twitter hate against Banco de Oro after they announced that BDO will be charging Php 2 per ATM withdrawal.
Here’s the tweet:
BDO imposes P2 fee for every depositor’s ATM withdrawal interaksyon.com/business/40946…
— InterAksyon (@interaksyon) August 20, 2012
Apparently, the one who handles InterAksyon’s Twitter account incorrectly pushed out this article by saying that ALL ATM withdrawals from BDO accountholders will be charged a Php 2.00 fee even if it’s a withdrawal within the BDO network.
From that alone, you would understand why people were enranged. You usually only get charged when you withdraw from other bank’s ATMs (inter-bank), so it was totally bad news for BDO accountholders.
So, you might be wondering if it’s true that BDO is charging Php 2.00 per ATM withdrawal. Thankfully, after clarification (another article here), it was found out that the Php 2.00 fee will actually be implemented towards CASH CARD withdrawals only.
BDO Cash Cards (BDO Prepaid Cards) are reloadable electronic debit cards that one can use for shopping like your regular credit card. The hook there is it’s reloadable.
This means all other BDO ATM withdrawals will NOT be charged any amount upon withdrawing money from any BDO terminals.
The Php 2.00 ATM withdrawal fee for BDO prepaid or cash cards will start on September 1, 2012.
I hope this clarifies this issue. I’m thankful it was just a mistake. A lesson to always be careful with what copy or messages you put out on social media sites, especially Twitter, as it can easily be seen and shared. What a PR nightmare this was! I’ll be opening an account with BDO soon, so I’m really glad everything was clarified.